Jelkor: 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.
Jelkor
Largest movements
- Tangible fixed assets +€139,434
up €139,434 (+82.7%), from €168,527 to €307,962
of which Land and buildings: +€141,771
- Receivables within one year +€56,617
up €56,617 (+72.2%), from €78,428 to €135,045
of which Other amounts receivable: +€57,356
- Cash -€21,231
down €21,231 (-42.5%), from €49,982 to €28,750
mainly Investment in fixed assets (net) (-€148,808) and Receivables within one year (-€56,617)
- Debts after one year +€149,527
up €149,527 (+180%), from €82,924 to €232,451
- Other debts +€27,396
up €27,396 (+773%), from €3,545 to €30,941
- Current portion of long-term debt +€17,549
new in 2024: €17,549
- Trade debts -€17,270
down €17,270 (-32.9%), from €52,499 to €35,229
- Gross operating margin -€55,552
down €55,552 (-76.7%), from €72,389 to €16,837
- Taxes -€16,350
down €16,350 (-92.7%), from €17,642 to €1,291
- Depreciation -€7,519
down €7,519 (-44.5%), from €16,893 to €9,374
- Financial charges +€4,280
up €4,280 (+126%), from €3,384 to €7,665
- Financial income -€820
down €820 (-64.3%), from €1,276 to €455
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €305,636 | €480,597 | +€174,961 | +57.2% |
| Fixed assets | 21/28 | €171,027 | €310,462 | +€139,434 | +81.5% |
| Tangible fixed assets | 22/27 | €168,527 | €307,962 | +€139,434 | +82.7% |
| Land and buildings | 22 | €160,606 | €302,377 | +€141,771 | +88.3% |
| Plant, machinery and equipment | 23 | €1,446 | €1,157 | -€289 | -20.0% |
| Furniture and vehicles | 24 | €2,840 | €1,562 | -€1,278 | -45.0% |
| Other tangible fixed assets | 26 | €3,636 | €2,866 | -€770 | -21.2% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €134,608 | €170,135 | +€35,527 | +26.4% |
| Stocks and contracts in progress | 3 | €1,739 | €1,839 | +€100 | +5.8% |
| Stocks | 30/36 | €1,739 | €1,839 | +€100 | +5.8% |
| Amounts receivable within one year | 40/41 | €78,428 | €135,045 | +€56,617 | +72.2% |
| Trade receivables | 40 | €53,818 | €53,079 | -€739 | -1.4% |
| Other amounts receivable | 41 | €24,610 | €81,966 | +€57,356 | +233% |
| Cash at bank and in hand | 54/58 | €49,982 | €28,750 | -€21,231 | -42.5% |
| Deferred charges and accrued income | 490/1 | €4,460 | €4,501 | +€41 | +0.9% |
| Total equity and liabilities | 10/49 | €305,636 | €480,597 | +€174,961 | +57.2% |
| Equity | 10/15 | €164,876 | €161,779 | -€3,097 | -1.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €157,960 | €157,960 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Other | 1319 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | €156,100 | €156,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €716 | -€2,381 | -€3,097 | |
| Amounts payable | 17/49 | €140,760 | €318,818 | +€178,057 | +126% |
| Amounts payable after more than one year | 17 | €82,924 | €232,451 | +€149,527 | +180% |
| Financial debts | 170/4 | €82,924 | €232,451 | +€149,527 | +180% |
| Amounts payable within one year | 42/48 | €57,836 | €86,336 | +€28,500 | +49.3% |
| Current portion of amounts payable after more than one year | 42 | - | €17,549 | +€17,549 | |
| Trade debts | 44 | €52,499 | €35,229 | -€17,270 | -32.9% |
| Suppliers | 440/4 | €52,499 | €35,229 | -€17,270 | -32.9% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €1,792 | €2,616 | +€825 | +46.0% |
| Taxes | 450/3 | €1,792 | €2,616 | +€825 | +46.0% |
| Other amounts payable | 47/48 | €3,545 | €30,941 | +€27,396 | +773% |
| Accrued charges and deferred income | 492/3 | - | €31 | +€31 | |
| Non-recurring operating income | 76A | €6,654 | €0 | -€6,654 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,893 | €9,374 | -€7,519 | -44.5% |
| Other operating charges | 640/8 | €1,934 | €2,058 | +€124 | +6.4% |
| Gross operating margin | 9900 | €72,389 | €16,837 | -€55,552 | -76.7% |
| Operating profit (loss) | 9901 | €53,561 | €5,404 | -€48,157 | -89.9% |
| Financial income | 75/76B | €1,276 | €455 | -€820 | -64.3% |
| Recurring financial income | 75 | €1,276 | €455 | -€820 | -64.3% |
| Financial charges | 65/66B | €3,384 | €7,665 | +€4,280 | +126% |
| Recurring financial charges | 65 | €3,384 | €7,665 | +€4,280 | +126% |
| Profit (loss) for the period before taxes | 9903 | €51,452 | -€1,805 | -€53,258 | |
| Income taxes | 67/77 | €17,642 | €1,291 | -€16,350 | -92.7% |
| Profit (loss) for the period | 9904 | €33,811 | -€3,097 | -€36,907 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,811 | -€3,097 | -€36,907 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.