JELIX: 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.
JELIX
Largest movements
- Current investments +€1.1m
up €1.1m (+973%), from €117,551 to €1.3m
- Cash -€916,625
down €916,625 (-77.0%), from €1.2m to €273,387
mainly Current investments (-€1.1m) and Other debts (-€84,325)
- Financial fixed assets +€22,875
up €22,875 (+9.1%), from €252,269 to €275,144
- Reserves +€417,110
up €417,110 (+32.1%), from €1.3m to €1.7m
of which Distributable reserves: +€417,110
- Other debts -€84,325
down €84,325 (-58.9%), from €143,141 to €58,816
- Tax, wage and social debts -€68,166
down €68,166 (-57.8%), from €117,955 to €49,789
of which Taxes: -€66,681
- Financial charges -€61,770
down €61,770 (-86.4%), from €71,483 to €9,712
of which Non-recurring financial charges: -€55,139
- Gross operating margin -€23,534
down €23,534 (-3.6%), from €653,955 to €630,421
- Taxes +€9,147
up €9,147 (+5.0%), from €182,882 to €192,029
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 | €1,587,919 | €1,845,345 | +€257,426 | +16.2% |
| Fixed assets | 21/28 | €252,920 | €275,327 | +€22,407 | +8.9% |
| Tangible fixed assets | 22/27 | €651 | €183 | -€468 | -71.8% |
| Furniture and vehicles | 24 | €651 | €183 | -€468 | -71.8% |
| Financial fixed assets | 28 | €252,269 | €275,144 | +€22,875 | +9.1% |
| Current assets | 29/58 | €1,334,999 | €1,570,018 | +€235,019 | +17.6% |
| Amounts receivable within one year | 40/41 | €25,067 | €32,257 | +€7,189 | +28.7% |
| Trade receivables | 40 | €25,067 | €32,257 | +€7,189 | +28.7% |
| Current investments | 50/53 | €117,551 | €1,261,434 | +€1.1m | +973% |
| Cash at bank and in hand | 54/58 | €1,190,012 | €273,387 | -€916,625 | -77.0% |
| Deferred charges and accrued income | 490/1 | €2,368 | €2,940 | +€572 | +24.1% |
| Total equity and liabilities | 10/49 | €1,587,919 | €1,845,345 | +€257,426 | +16.2% |
| Equity | 10/15 | €1,310,988 | €1,728,099 | +€417,111 | +31.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,300,948 | €1,718,058 | +€417,110 | +32.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €827 | €827 | = | 0.0% |
| Distributable reserves | 133 | €1,298,261 | €1,715,371 | +€417,110 | +32.1% |
| Profit (loss) carried forward | 14 | €3,840 | €3,841 | +€1 | 0.0% |
| Amounts payable | 17/49 | €276,931 | €117,246 | -€159,686 | -57.7% |
| Amounts payable within one year | 42/48 | €264,213 | €112,383 | -€151,830 | -57.5% |
| Trade debts | 44 | €3,116 | €3,778 | +€661 | +21.2% |
| Suppliers | 440/4 | €3,116 | €3,778 | +€661 | +21.2% |
| Taxes, remuneration and social security | 45 | €117,955 | €49,789 | -€68,166 | -57.8% |
| Taxes | 450/3 | €114,490 | €47,809 | -€66,681 | -58.2% |
| Remuneration and social security | 454/9 | €3,465 | €1,980 | -€1,485 | -42.9% |
| Other amounts payable | 47/48 | €143,141 | €58,816 | -€84,325 | -58.9% |
| Accrued charges and deferred income | 492/3 | €12,718 | €4,863 | -€7,855 | -61.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €468 | €468 | = | 0.0% |
| Other operating charges | 640/8 | €1,462 | €1,517 | +€55 | +3.7% |
| Gross operating margin | 9900 | €653,955 | €630,421 | -€23,534 | -3.6% |
| Operating profit (loss) | 9901 | €652,025 | €628,436 | -€23,589 | -3.6% |
| Financial income | 75/76B | €13,566 | €14,577 | +€1,011 | +7.5% |
| Recurring financial income | 75 | €13,566 | €14,577 | +€1,011 | +7.5% |
| Financial charges | 65/66B | €71,483 | €9,712 | -€61,770 | -86.4% |
| Recurring financial charges | 65 | €15,483 | €8,851 | -€6,631 | -42.8% |
| Non-recurring financial charges | 66B | €56,000 | €861 | -€55,139 | -98.5% |
| Profit (loss) for the period before taxes | 9903 | €594,109 | €633,301 | +€39,192 | +6.6% |
| Income taxes | 67/77 | €182,882 | €192,029 | +€9,147 | +5.0% |
| Profit (loss) for the period | 9904 | €411,226 | €441,271 | +€30,045 | +7.3% |
| Profit (loss) for the period to be appropriated | 9905 | €411,226 | €441,271 | +€30,045 | +7.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.