JELKO: 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.
JELKO
Largest movements
- Receivables within one year +€156,632
up €156,632 (+109%), from €143,368 to €300,000
of which Other amounts receivable: +€174,782
- Current investments -€119,593
down €119,593 (-59.0%), from €202,773 to €83,180
- Cash +€45,631
up €45,631 (+208%), from €21,946 to €67,577
mainly Current investments (+€119,593) and Net result for the year (+€81,380)
- Tangible fixed assets +€10,507
up €10,507 (+469%), from €2,240 to €12,747
of which Furniture and vehicles: +€7,465
- Reserves +€81,380
up €81,380 (+22.9%), from €355,911 to €437,292
of which Distributable reserves: +€81,380
- Other debts +€7,270
up €7,270 (+202%), from €3,593 to €10,863
- Financial income +€43,954
up €43,954 (+1,169%), from €3,761 to €47,715
- Taxes +€4,272
up €4,272 (+22.8%), from €18,754 to €23,026
- Gross operating margin -€4,240
down €4,240 (-6.5%), from €64,742 to €60,502
- Depreciation +€1,218
up €1,218 (+65.4%), from €1,862 to €3,080
- Financial charges -€865
down €865 (-86.3%), from €1,002 to €137
of which Financial charges: -€858
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 | €389,479 | €478,237 | +€88,758 | +22.8% |
| Fixed assets | 21/28 | €2,240 | €12,747 | +€10,507 | +469% |
| Tangible fixed assets | 22/27 | €2,240 | €12,747 | +€10,507 | +469% |
| Plant, machinery and equipment | 23 | €1,411 | €4,453 | +€3,042 | +216% |
| Furniture and vehicles | 24 | €829 | €8,294 | +€7,465 | +900% |
| Current assets | 29/58 | €387,240 | €465,490 | +€78,251 | +20.2% |
| Amounts receivable within one year | 40/41 | €143,368 | €300,000 | +€156,632 | +109% |
| Trade receivables | 40 | €18,150 | - | -€18,150 | |
| Other amounts receivable | 41 | €125,218 | €300,000 | +€174,782 | +140% |
| Current investments | 50/53 | €202,773 | €83,180 | -€119,593 | -59.0% |
| Cash at bank and in hand | 54/58 | €21,946 | €67,577 | +€45,631 | +208% |
| Deferred charges and accrued income | 490/1 | €19,153 | €14,733 | -€4,420 | -23.1% |
| Total equity and liabilities | 10/49 | €389,479 | €478,237 | +€88,758 | +22.8% |
| Equity | 10/15 | €368,311 | €449,692 | +€81,380 | +22.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €355,911 | €437,292 | +€81,380 | +22.9% |
| Tax-exempt reserves | 132 | €161 | €161 | = | 0.0% |
| Distributable reserves | 133 | €355,750 | €437,130 | +€81,380 | +22.9% |
| Amounts payable | 17/49 | €21,168 | €28,545 | +€7,378 | +34.9% |
| Amounts payable within one year | 42/48 | €21,168 | €28,545 | +€7,378 | +34.9% |
| Trade debts | 44 | €315 | €2,420 | +€2,105 | +669% |
| Suppliers | 440/4 | €315 | €2,420 | +€2,105 | +669% |
| Taxes, remuneration and social security | 45 | €17,260 | €15,263 | -€1,997 | -11.6% |
| Taxes | 450/3 | €13,706 | €12,163 | -€1,543 | -11.3% |
| Remuneration and social security | 454/9 | €3,554 | €3,100 | -€454 | -12.8% |
| Other amounts payable | 47/48 | €3,593 | €10,863 | +€7,270 | +202% |
| Non-recurring operating income | 76A | - | €3,512 | +€3,512 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,862 | €3,080 | +€1,218 | +65.4% |
| Other operating charges | 640/8 | €794 | €593 | -€201 | -25.3% |
| Gross operating margin | 9900 | €64,742 | €60,502 | -€4,240 | -6.5% |
| Operating profit (loss) | 9901 | €62,086 | €56,829 | -€5,257 | -8.5% |
| Financial income | 75/76B | €3,761 | €47,715 | +€43,954 | +1,169% |
| Recurring financial income | 75 | €3,761 | €47,715 | +€43,954 | +1,169% |
| Financial charges | 65/66B | €1,002 | €137 | -€865 | -86.3% |
| Recurring financial charges | 65 | €996 | €137 | -€858 | -86.2% |
| Non-recurring financial charges | 66B | €7 | - | -€7 | |
| Profit (loss) for the period before taxes | 9903 | €64,844 | €104,406 | +€39,562 | +61.0% |
| Income taxes | 67/77 | €18,754 | €23,026 | +€4,272 | +22.8% |
| Profit (loss) for the period | 9904 | €46,090 | €81,380 | +€35,290 | +76.6% |
| Profit (loss) for the period to be appropriated | 9905 | €46,090 | €81,380 | +€35,290 | +76.6% |
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 13 October 2026 via checked.be.