JELINA: 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.
JELINA
Largest movements
- Cash +€41,507
up €41,507 (+38.0%), from €109,328 to €150,835
mainly Net result for the year (+€91,315) and Depreciation (+€51,770)
- Tangible fixed assets -€25,241
down €25,241 (-8.5%), from €298,152 to €272,911
of which Land and buildings: -€42,425
- Current investments +€12,000
up €12,000 (+5.3%), from €224,498 to €236,498
- Reserves +€58,269
up €58,269 (+21.6%), from €269,296 to €327,565
of which Distributable reserves: +€58,269
- Debts after one year -€38,479
down €38,479 (-12.5%), from €308,719 to €270,239
- Tax, wage and social debts +€12,894
up €12,894 (+78.2%), from €16,487 to €29,381
of which Taxes: +€10,087
- Other debts -€12,714
down €12,714 (-27.8%), from €45,760 to €33,046
- Gross operating margin +€27,029
up €27,029 (+15.8%), from €171,108 to €198,137
- Taxes +€8,253
up €8,253 (+25.6%), from €32,213 to €40,466
- Depreciation +€2,919
up €2,919 (+6.0%), from €48,851 to €51,770
From the 2024 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
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €685,344 | €710,504 | +€25,160 | +3.7% |
| Fixed assets | 21/28 | €313,152 | €287,911 | -€25,241 | -8.1% |
| Tangible fixed assets | 22/27 | €298,152 | €272,911 | -€25,241 | -8.5% |
| Land and buildings | 22 | €253,363 | €210,939 | -€42,425 | -16.7% |
| Plant, machinery and equipment | 23 | €15,205 | €11,959 | -€3,246 | -21.4% |
| Furniture and vehicles | 24 | €19,233 | €39,663 | +€20,430 | +106% |
| Other tangible fixed assets | 26 | €10,350 | €10,350 | = | 0.0% |
| Financial fixed assets | 28 | €15,000 | €15,000 | = | 0.0% |
| Current assets | 29/58 | €372,193 | €422,593 | +€50,400 | +13.5% |
| Amounts receivable within one year | 40/41 | €38,367 | €35,260 | -€3,107 | -8.1% |
| Trade receivables | 40 | €38,367 | €33,994 | -€4,373 | -11.4% |
| Other amounts receivable | 41 | €0 | €1,266 | +€1,266 | |
| Current investments | 50/53 | €224,498 | €236,498 | +€12,000 | +5.3% |
| Cash at bank and in hand | 54/58 | €109,328 | €150,835 | +€41,507 | +38.0% |
| Total equity and liabilities | 10/49 | €685,344 | €710,504 | +€25,160 | +3.7% |
| Equity | 10/15 | €275,496 | €333,765 | +€58,269 | +21.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €269,296 | €327,565 | +€58,269 | +21.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €267,436 | €325,705 | +€58,269 | +21.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €409,849 | €376,739 | -€33,109 | -8.1% |
| Amounts payable after more than one year | 17 | €308,719 | €270,239 | -€38,479 | -12.5% |
| Financial debts | 170/4 | €308,719 | €270,239 | -€38,479 | -12.5% |
| Amounts payable within one year | 42/48 | €101,130 | €106,500 | +€5,370 | +5.3% |
| Current portion of amounts payable after more than one year | 42 | €37,300 | €38,479 | +€1,179 | +3.2% |
| Trade debts | 44 | €1,584 | €5,594 | +€4,010 | +253% |
| Suppliers | 440/4 | €1,584 | €5,594 | +€4,010 | +253% |
| Taxes, remuneration and social security | 45 | €16,487 | €29,381 | +€12,894 | +78.2% |
| Taxes | 450/3 | €16,487 | €26,573 | +€10,087 | +61.2% |
| Remuneration and social security | 454/9 | €0 | €2,807 | +€2,807 | |
| Other amounts payable | 47/48 | €45,760 | €33,046 | -€12,714 | -27.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,851 | €51,770 | +€2,919 | +6.0% |
| Other operating charges | 640/8 | €3,246 | €3,487 | +€242 | +7.4% |
| Gross operating margin | 9900 | €171,108 | €198,137 | +€27,029 | +15.8% |
| Operating profit (loss) | 9901 | €119,011 | €142,879 | +€23,869 | +20.1% |
| Financial income | 75/76B | €67 | €772 | +€705 | +1,054% |
| Recurring financial income | 75 | €67 | €772 | +€705 | +1,054% |
| Financial charges | 65/66B | €13,355 | €11,870 | -€1,485 | -11.1% |
| Recurring financial charges | 65 | €13,355 | €11,870 | -€1,485 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | €105,722 | €131,781 | +€26,059 | +24.6% |
| Income taxes | 67/77 | €32,213 | €40,466 | +€8,253 | +25.6% |
| Profit (loss) for the period | 9904 | €73,510 | €91,315 | +€17,805 | +24.2% |
| Profit (loss) for the period to be appropriated | 9905 | €73,510 | €91,315 | +€17,805 | +24.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.