JELK & co: 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.
JELK & co
Largest movements
- Tangible fixed assets -€130,223
down €130,223 (-98.8%), from €131,783 to €1,560
of which Land and buildings: -€119,371
- Receivables within one year -€32,098
down €32,098 (-23.4%), from €137,076 to €104,978
- Tax, wage and social debts -€195,550
down €195,550 (-99.4%), from €196,748 to €1,198
of which Taxes: -€195,906
- Other debts +€49,938
up €49,938 (+2,640%), from €1,891 to €51,829
- Current portion of long-term debt -€21,789
down €21,789 (-78.8%), from €27,652 to €5,864
- Gross operating margin -€61,954
down €61,954 (-90.7%), from €68,330 to €6,376
- Other operating charges -€34,197
down €34,197 (-86.3%), from €39,644 to €5,447
- Depreciation -€19,887
down €19,887 (-99.3%), from €20,028 to €141
- Financial charges -€6,758
down €6,758, from €1,037 to -€5,721
- Staff costs -€4,783
down €4,783 (-67.1%), from €7,133 to €2,350
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 | €1,100,960 | €934,154 | -€166,806 | -15.2% |
| Fixed assets | 21/28 | €131,803 | €1,580 | -€130,223 | -98.8% |
| Tangible fixed assets | 22/27 | €131,783 | €1,560 | -€130,223 | -98.8% |
| Land and buildings | 22 | €119,371 | - | -€119,371 | |
| Plant, machinery and equipment | 23 | €4,440 | €1,560 | -€2,880 | -64.9% |
| Furniture and vehicles | 24 | €537 | - | -€537 | |
| Other tangible fixed assets | 26 | €7,435 | - | -€7,435 | |
| Financial fixed assets | 28 | €20 | €20 | = | 0.0% |
| Current assets | 29/58 | €969,157 | €932,574 | -€36,584 | -3.8% |
| Amounts receivable after more than one year | 29 | €827,233 | €827,233 | = | 0.0% |
| Trade receivables | 290 | €827,233 | €827,233 | = | 0.0% |
| Stocks and contracts in progress | 3 | - | €13 | +€13 | |
| Stocks | 30/36 | - | €13 | +€13 | |
| Amounts receivable within one year | 40/41 | €137,076 | €104,978 | -€32,098 | -23.4% |
| Other amounts receivable | 41 | €137,076 | €104,978 | -€32,098 | -23.4% |
| Cash at bank and in hand | 54/58 | €4,359 | - | -€4,359 | |
| Deferred charges and accrued income | 490/1 | €489 | €350 | -€140 | -28.5% |
| Total equity and liabilities | 10/49 | €1,100,960 | €934,154 | -€166,806 | -15.2% |
| Equity | 10/15 | €839,641 | €841,187 | +€1,546 | +0.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €836,064 | €837,610 | +€1,546 | +0.2% |
| 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 | €834,204 | €835,750 | +€1,546 | +0.2% |
| Profit (loss) carried forward | 14 | -€2,623 | -€2,623 | +€0 | 0.0% |
| Amounts payable | 17/49 | €261,320 | €92,967 | -€168,353 | -64.4% |
| Amounts payable after more than one year | 17 | €26,447 | €30,000 | +€3,553 | +13.4% |
| Financial debts | 170/4 | €26,447 | €30,000 | +€3,553 | +13.4% |
| Amounts payable within one year | 42/48 | €234,872 | €62,967 | -€171,906 | -73.2% |
| Current portion of amounts payable after more than one year | 42 | €27,652 | €5,864 | -€21,789 | -78.8% |
| Financial debts | 43 | - | €4,075 | +€4,075 | |
| Credit institutions | 430/8 | - | €4,075 | +€4,075 | |
| Trade debts | 44 | €8,580 | - | -€8,580 | |
| Suppliers | 440/4 | €8,580 | - | -€8,580 | |
| Taxes, remuneration and social security | 45 | €196,748 | €1,198 | -€195,550 | -99.4% |
| Taxes | 450/3 | €195,906 | - | -€195,906 | |
| Remuneration and social security | 454/9 | €842 | €1,198 | +€356 | +42.3% |
| Other amounts payable | 47/48 | €1,891 | €51,829 | +€49,938 | +2,640% |
| Non-recurring operating income | 76A | - | €56,151 | +€56,151 | |
| Remuneration, social security and pensions | 62 | €7,133 | €2,350 | -€4,783 | -67.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,028 | €141 | -€19,887 | -99.3% |
| Other operating charges | 640/8 | €39,644 | €5,447 | -€34,197 | -86.3% |
| Non-recurring operating charges | 66A | €336 | - | -€336 | |
| Gross operating margin | 9900 | €68,330 | €6,376 | -€61,954 | -90.7% |
| Operating profit (loss) | 9901 | €1,189 | -€1,563 | -€2,752 | |
| Financial income | 75/76B | - | €22 | +€22 | |
| Recurring financial income | 75 | - | €22 | +€22 | |
| Financial charges | 65/66B | €1,037 | -€5,721 | -€6,758 | |
| Recurring financial charges | 65 | €1,037 | -€5,721 | -€6,758 | |
| Profit (loss) for the period before taxes | 9903 | €152 | €4,180 | +€4,028 | +2,657% |
| Income taxes | 67/77 | €2,774 | €2,633 | -€141 | -5.1% |
| Profit (loss) for the period | 9904 | -€2,623 | €1,546 | +€4,169 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,623 | €1,546 | +€4,169 |
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 30 October 2026 via checked.be.