Jelo: 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.
Jelo
Largest movements
- Cash +€106,832
up €106,832 (+823.0%), from €12,980 to €119,812
mainly Receivables within one year (+€100,239) and Net result for the year (+€47,754)
- Receivables within one year -€100,239
down €100,239 (-79.9%), from €125,508 to €25,270
of which Trade receivables: -€87,703
- Reserves +€47,754
up €47,754 (+8.0%), from €593,784 to €641,538
of which Distributable reserves: +€47,754
- Debts after one year -€43,157
down €43,157 (-100.0%), from €43,157 to €0
- Gross operating margin -€29,541
down €29,541 (-23.8%), from €124,025 to €94,484
- Financial charges -€5,768
down €5,768 (-21.9%), from €26,359 to €20,590
- Taxes +€3,421
up €3,421 (+17.7%), from €19,378 to €22,800
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.
Cash bridge derived
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 | €1,759,171 | €1,766,593 | +€7,422 | +0.4% |
| Fixed assets | 21/28 | €1,619,337 | €1,619,176 | -€161 | 0.0% |
| Tangible fixed assets | 22/27 | €3,387 | €3,226 | -€161 | -4.7% |
| Furniture and vehicles | 24 | €3,387 | €3,226 | -€161 | -4.7% |
| Financial fixed assets | 28 | €1,615,950 | €1,615,950 | = | 0.0% |
| Current assets | 29/58 | €139,834 | €147,416 | +€7,582 | +5.4% |
| Amounts receivable within one year | 40/41 | €125,508 | €25,270 | -€100,239 | -79.9% |
| Trade receivables | 40 | €112,639 | €24,936 | -€87,703 | -77.9% |
| Other amounts receivable | 41 | €12,870 | €334 | -€12,536 | -97.4% |
| Cash at bank and in hand | 54/58 | €12,980 | €119,812 | +€106,832 | +823.0% |
| Deferred charges and accrued income | 490/1 | €1,345 | €2,334 | +€989 | +73.5% |
| Total equity and liabilities | 10/49 | €1,759,171 | €1,766,593 | +€7,422 | +0.4% |
| Equity | 10/15 | €1,379,352 | €1,427,106 | +€47,754 | +3.5% |
| Contributions | 10/11 | €600,000 | €600,000 | = | 0.0% |
| Reserves | 13 | €593,784 | €641,538 | +€47,754 | +8.0% |
| Non-distributable reserves | 130/1 | €9,000 | €9,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €9,000 | €9,000 | = | 0.0% |
| Distributable reserves | 133 | €584,784 | €632,538 | +€47,754 | +8.2% |
| Profit (loss) carried forward | 14 | €185,567 | €185,567 | = | 0.0% |
| Amounts payable | 17/49 | €379,819 | €339,487 | -€40,332 | -10.6% |
| Amounts payable after more than one year | 17 | €43,157 | €0 | -€43,157 | -100.0% |
| Financial debts | 170/4 | €43,157 | €0 | -€43,157 | -100.0% |
| Amounts payable within one year | 42/48 | €322,102 | €326,747 | +€4,645 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €47,081 | €43,157 | -€3,924 | -8.3% |
| Financial debts | 43 | €260,000 | €260,000 | = | 0.0% |
| Other loans | 439 | €260,000 | €260,000 | = | 0.0% |
| Trade debts | 44 | €769 | €675 | -€94 | -12.2% |
| Suppliers | 440/4 | €769 | €675 | -€94 | -12.2% |
| Taxes, remuneration and social security | 45 | €14,252 | €22,915 | +€8,663 | +60.8% |
| Taxes | 450/3 | €14,252 | €22,915 | +€8,663 | +60.8% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €14,560 | €12,740 | -€1,820 | -12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,250 | €1,635 | +€385 | +30.8% |
| Other operating charges | 640/8 | €1,651 | €1,705 | +€54 | +3.3% |
| Gross operating margin | 9900 | €124,025 | €94,484 | -€29,541 | -23.8% |
| Operating profit (loss) | 9901 | €121,124 | €91,144 | -€29,980 | -24.8% |
| Financial charges | 65/66B | €26,359 | €20,590 | -€5,768 | -21.9% |
| Recurring financial charges | 65 | €26,359 | €20,590 | -€5,768 | -21.9% |
| Profit (loss) for the period before taxes | 9903 | €94,765 | €70,554 | -€24,212 | -25.5% |
| Income taxes | 67/77 | €19,378 | €22,800 | +€3,421 | +17.7% |
| Profit (loss) for the period | 9904 | €75,387 | €47,754 | -€27,633 | -36.7% |
| Profit (loss) for the period to be appropriated | 9905 | €75,387 | €47,754 | -€27,633 | -36.7% |
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 10 October 2026 via checked.be.