JELL: 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.
JELL
Largest movements
- Current investments -€82,175
down €82,175 (-19.6%), from €420,293 to €338,118
- Cash +€75,400
up €75,400 (+25.8%), from €291,938 to €367,338
mainly Current investments (+€82,175) and Net result for the year (+€77,726)
- Tangible fixed assets -€19,302
down €19,302 (-10.2%), from €189,690 to €170,388
of which Land and buildings: -€19,718
- Reserves -€19,558
down €19,558 (-2.9%), from €676,579 to €657,020
- Gross operating margin -€122,487
down €122,487 (-45.3%), from €270,513 to €148,027
- Taxes -€31,005
down €31,005 (-49.2%), from €63,082 to €32,076
- Staff costs -€26,715
down €26,715 (-56.2%), from €47,521 to €20,806
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 | €913,823 | €883,786 | -€30,037 | -3.3% |
| Fixed assets | 21/28 | €189,690 | €170,388 | -€19,302 | -10.2% |
| Tangible fixed assets | 22/27 | €189,690 | €170,388 | -€19,302 | -10.2% |
| Land and buildings | 22 | €186,063 | €166,346 | -€19,718 | -10.6% |
| Furniture and vehicles | 24 | €3,627 | €4,042 | +€415 | +11.5% |
| Current assets | 29/58 | €724,132 | €713,398 | -€10,734 | -1.5% |
| Amounts receivable within one year | 40/41 | €6,873 | €7,195 | +€322 | +4.7% |
| Other amounts receivable | 41 | €6,873 | €7,195 | +€322 | +4.7% |
| Current investments | 50/53 | €420,293 | €338,118 | -€82,175 | -19.6% |
| Cash at bank and in hand | 54/58 | €291,938 | €367,338 | +€75,400 | +25.8% |
| Deferred charges and accrued income | 490/1 | €5,028 | €746 | -€4,282 | -85.2% |
| Total equity and liabilities | 10/49 | €913,823 | €883,786 | -€30,037 | -3.3% |
| Equity | 10/15 | €877,009 | €855,785 | -€21,224 | -2.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €676,579 | €657,020 | -€19,558 | -2.9% |
| Distributable reserves | 133 | €676,579 | €657,020 | -€19,558 | -2.9% |
| Profit (loss) carried forward | 14 | €188,031 | €186,365 | -€1,666 | -0.9% |
| Amounts payable | 17/49 | €36,813 | €28,001 | -€8,813 | -23.9% |
| Amounts payable within one year | 42/48 | €35,516 | €28,001 | -€7,516 | -21.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €228 | €1,159 | +€932 | +409% |
| Suppliers | 440/4 | €228 | €1,159 | +€932 | +409% |
| Taxes, remuneration and social security | 45 | €28,095 | €23,469 | -€4,626 | -16.5% |
| Taxes | 450/3 | €15,587 | €23,469 | +€7,881 | +50.6% |
| Remuneration and social security | 454/9 | €12,507 | €0 | -€12,507 | -100% |
| Other amounts payable | 47/48 | €7,194 | €3,373 | -€3,821 | -53.1% |
| Accrued charges and deferred income | 492/3 | €1,297 | €0 | -€1,297 | -100% |
| Remuneration, social security and pensions | 62 | €47,521 | €20,806 | -€26,715 | -56.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,389 | €22,521 | +€132 | +0.6% |
| Other operating charges | 640/8 | €3,585 | €5,208 | +€1,622 | +45.3% |
| Gross operating margin | 9900 | €270,513 | €148,027 | -€122,487 | -45.3% |
| Operating profit (loss) | 9901 | €197,018 | €99,492 | -€97,526 | -49.5% |
| Financial income | 75/76B | €11,285 | €10,692 | -€593 | -5.3% |
| Recurring financial income | 75 | €11,285 | €10,692 | -€593 | -5.3% |
| Financial charges | 65/66B | €388 | €382 | -€6 | -1.6% |
| Recurring financial charges | 65 | €388 | €382 | -€6 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | €207,914 | €109,803 | -€98,112 | -47.2% |
| Income taxes | 67/77 | €63,082 | €32,076 | -€31,005 | -49.2% |
| Profit (loss) for the period | 9904 | €144,833 | €77,726 | -€67,106 | -46.3% |
| Profit (loss) for the period to be appropriated | 9905 | €144,833 | €77,726 | -€67,106 | -46.3% |
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 16 October 2026 via checked.be.