JeLo vastgoed: 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 vastgoed
Largest movements
- Tangible fixed assets +€2.4m
up €2.4m (+1,307%), from €181,528 to €2.6m
of which Assets under construction and advance payments: +€1.9m
- Stocks and contracts -€523,013
no longer reported in 2025 (was €523,013)
- Cash +€67,427
up €67,427 (+29,480%), from €229 to €67,655
mainly Debts after one year (+€1.3m) and Stocks and contracts (+€523,013)
- Debts after one year +€1.3m
up €1.3m (+303%), from €436,553 to €1.8m
of which Financial debts: +€1.3m
- Other debts +€507,646
up €507,646 (+1,135%), from €44,724 to €552,371
- Trade debts +€134,225
up €134,225 (+6,658%), from €2,016 to €136,241
- Profit (loss) carried forward -€35,605
new in 2025: -€35,605
- Gross operating margin -€72,964
down €72,964 (-62.2%), from €117,310 to €44,345
- Other operating charges +€13,132
up €13,132 (+241%), from €5,459 to €18,590
- Taxes -€12,977
no longer reported in 2025 (was €12,977)
- Depreciation +€12,318
up €12,318 (+69.6%), from €17,710 to €30,028
- Financial charges -€3,059
down €3,059 (-13.1%), from €23,391 to €20,333
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 | €723,755 | €2,629,966 | +€1.9m | +263% |
| Fixed assets | 21/28 | €181,528 | €2,554,953 | +€2.4m | +1,307% |
| Tangible fixed assets | 22/27 | €181,528 | €2,554,953 | +€2.4m | +1,307% |
| Land and buildings | 22 | €181,528 | €642,677 | +€461,150 | +254% |
| Assets under construction and advance payments | 27 | - | €1,912,276 | +€1.9m | |
| Current assets | 29/58 | €542,227 | €75,014 | -€467,214 | -86.2% |
| Stocks and contracts in progress | 3 | €523,013 | - | -€523,013 | |
| Stocks | 30/36 | €523,013 | - | -€523,013 | |
| Amounts receivable within one year | 40/41 | €18,964 | €7,358 | -€11,606 | -61.2% |
| Trade receivables | 40 | €17,879 | €5,251 | -€12,628 | -70.6% |
| Other amounts receivable | 41 | €1,085 | €2,107 | +€1,022 | +94.1% |
| Cash at bank and in hand | 54/58 | €229 | €67,655 | +€67,427 | +29,480% |
| Deferred charges and accrued income | 490/1 | €22 | - | -€22 | |
| Total equity and liabilities | 10/49 | €723,755 | €2,629,966 | +€1.9m | +263% |
| Equity | 10/15 | €187,537 | €151,932 | -€35,605 | -19.0% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €37,537 | €37,537 | = | 0.0% |
| Distributable reserves | 133 | €37,537 | €37,537 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€35,605 | -€35,605 | |
| Amounts payable | 17/49 | €536,218 | €2,478,034 | +€1.9m | +362% |
| Amounts payable after more than one year | 17 | €436,553 | €1,760,118 | +€1.3m | +303% |
| Financial debts | 170/4 | €311,553 | €1,635,118 | +€1.3m | +425% |
| Other amounts payable | 178/9 | €125,000 | €125,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €97,018 | €711,646 | +€614,627 | +634% |
| Current portion of amounts payable after more than one year | 42 | €39,444 | €17,615 | -€21,829 | -55.3% |
| Financial debts | 43 | €1,355 | - | -€1,355 | |
| Credit institutions | 430/8 | €1,355 | - | -€1,355 | |
| Trade debts | 44 | €2,016 | €136,241 | +€134,225 | +6,658% |
| Suppliers | 440/4 | €2,016 | €136,241 | +€134,225 | +6,658% |
| Taxes, remuneration and social security | 45 | €9,479 | €5,419 | -€4,060 | -42.8% |
| Taxes | 450/3 | €9,479 | €5,419 | -€4,060 | -42.8% |
| Other amounts payable | 47/48 | €44,724 | €552,371 | +€507,646 | +1,135% |
| Accrued charges and deferred income | 492/3 | €2,646 | €6,270 | +€3,624 | +137% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,710 | €30,028 | +€12,318 | +69.6% |
| Other operating charges | 640/8 | €5,459 | €18,590 | +€13,132 | +241% |
| Non-recurring operating charges | 66A | - | €11,000 | +€11,000 | |
| Gross operating margin | 9900 | €117,310 | €44,345 | -€72,964 | -62.2% |
| Operating profit (loss) | 9901 | €94,141 | -€15,272 | -€109,413 | |
| Financial income | 75/76B | €22 | €0 | -€21 | -99.1% |
| Recurring financial income | 75 | €22 | €0 | -€21 | -99.1% |
| Financial charges | 65/66B | €23,391 | €20,333 | -€3,059 | -13.1% |
| Recurring financial charges | 65 | €23,391 | €20,333 | -€3,059 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | €70,771 | -€35,605 | -€106,376 | |
| Income taxes | 67/77 | €12,977 | - | -€12,977 | |
| Profit (loss) for the period | 9904 | €57,794 | -€35,605 | -€93,399 | |
| Profit (loss) for the period to be appropriated | 9905 | €57,794 | -€35,605 | -€93,399 |
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 25 October 2026 via checked.be.