JeLiCo: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
JeLiCo
Largest movements
- Receivables after one year -€60,000
down €60,000 (-100%), from €60,000 to €0
- Cash +€15,409
up €15,409 (+57.5%), from €26,781 to €42,190
- Receivables within one year -€12,839
down €12,839 (-52.9%), from €24,253 to €11,414
of which Trade receivables: -€12,422
- Reserves -€53,852
down €53,852 (-62.6%), from €86,022 to €32,169
of which Distributable reserves: -€53,852
- Tax, wage and social debts -€5,635
down €5,635 (-68.3%), from €8,247 to €2,612
of which Remuneration and social security: -€3,325
- Other debts +€1,822
up €1,822, from €0 to €1,822
- Gross operating margin +€16,482
up €16,482 (+58.4%), from €28,224 to €44,706
- Taxes +€1,309
up €1,309 (+17.5%), from €7,473 to €8,782
- Financial income -€884
down €884 (-71.6%), from €1,234 to €351
From the 2023 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €115,714 | €57,138 | -€58,576 | -50.6% |
| Fixed assets | 21/28 | €3,647 | €2,567 | -€1,080 | -29.6% |
| Tangible fixed assets | 22/27 | €3,647 | €2,567 | -€1,080 | -29.6% |
| Plant, machinery and equipment | 23 | €1,386 | €1,795 | +€409 | +29.5% |
| Furniture and vehicles | 24 | €2,261 | €772 | -€1,489 | -65.9% |
| Current assets | 29/58 | €112,067 | €54,571 | -€57,496 | -51.3% |
| Amounts receivable after more than one year | 29 | €60,000 | €0 | -€60,000 | -100% |
| Other amounts receivable | 291 | €60,000 | €0 | -€60,000 | -100% |
| Amounts receivable within one year | 40/41 | €24,253 | €11,414 | -€12,839 | -52.9% |
| Trade receivables | 40 | €23,119 | €10,696 | -€12,422 | -53.7% |
| Other amounts receivable | 41 | €1,135 | €718 | -€417 | -36.7% |
| Cash at bank and in hand | 54/58 | €26,781 | €42,190 | +€15,409 | +57.5% |
| Deferred charges and accrued income | 490/1 | €1,032 | €966 | -€66 | -6.4% |
| Total equity and liabilities | 10/49 | €115,714 | €57,138 | -€58,576 | -50.6% |
| Equity | 10/15 | €104,622 | €50,769 | -€53,852 | -51.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €86,022 | €32,169 | -€53,852 | -62.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €86,022 | €32,169 | -€53,852 | -62.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €11,092 | €6,368 | -€4,724 | -42.6% |
| Amounts payable within one year | 42/48 | €9,946 | €6,368 | -€3,578 | -36.0% |
| Trade debts | 44 | €1,700 | €1,935 | +€235 | +13.8% |
| Suppliers | 440/4 | €1,700 | €1,935 | +€235 | +13.8% |
| Taxes, remuneration and social security | 45 | €8,247 | €2,612 | -€5,635 | -68.3% |
| Taxes | 450/3 | €4,922 | €2,612 | -€2,311 | -46.9% |
| Remuneration and social security | 454/9 | €3,325 | - | -€3,325 | |
| Other amounts payable | 47/48 | €0 | €1,822 | +€1,822 | |
| Accrued charges and deferred income | 492/3 | €1,146 | €0 | -€1,146 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,199 | €1,137 | -€62 | -5.2% |
| Other operating charges | 640/8 | €895 | €797 | -€98 | -11.0% |
| Non-recurring operating charges | 66A | - | €986 | +€986 | |
| Gross operating margin | 9900 | €28,224 | €44,706 | +€16,482 | +58.4% |
| Operating profit (loss) | 9901 | €26,130 | €41,787 | +€15,657 | +59.9% |
| Financial income | 75/76B | €1,234 | €351 | -€884 | -71.6% |
| Recurring financial income | 75 | €1,234 | €351 | -€884 | -71.6% |
| Financial charges | 65/66B | €1,559 | €1,186 | -€374 | -24.0% |
| Recurring financial charges | 65 | €1,559 | €1,186 | -€374 | -24.0% |
| Profit (loss) for the period before taxes | 9903 | €25,805 | €40,952 | +€15,147 | +58.7% |
| Income taxes | 67/77 | €7,473 | €8,782 | +€1,309 | +17.5% |
| Profit (loss) for the period | 9904 | €18,332 | €32,169 | +€13,837 | +75.5% |
| Profit (loss) for the period to be appropriated | 9905 | €18,332 | €32,169 | +€13,837 | +75.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.