Jelomax: 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.
Jelomax
Largest movements
- Tangible fixed assets -€168,230
down €168,230 (-49.3%), from €341,443 to €173,213
of which Land and buildings: -€166,320
- Cash +€33,375
up €33,375 (+36.4%), from €91,615 to €124,990
mainly Net result for the year (+€475,273) and Investment in fixed assets (net) (+€160,652)
- Receivables within one year +€30,102
up €30,102 (+28.9%), from €103,998 to €134,100
of which Trade receivables: +€34,100
- Other debts -€99,009
down €99,009 (-23.4%), from €423,674 to €324,665
- Tax, wage and social debts +€36,539
up €36,539 (+205.4%), from €17,786 to €54,325
of which Taxes: +€36,539
- Debts after one year -€36,387
no longer reported in 2025 (was €36,387)
- Current portion of long-term debt -€19,259
no longer reported in 2025 (was €19,259)
- Accrued charges and deferred income +€5,484
new in 2025: €5,484
- Gross operating margin +€224,107
up €224,107 (+53.5%), from €418,897 to €643,004
- Taxes +€56,105
up €56,105 (+58.4%), from €96,002 to €152,107
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 | €540,332 | €432,728 | -€107,604 | -19.9% |
| Fixed assets | 21/28 | €341,443 | €173,213 | -€168,230 | -49.3% |
| Tangible fixed assets | 22/27 | €341,443 | €173,213 | -€168,230 | -49.3% |
| Land and buildings | 22 | €332,363 | €166,043 | -€166,320 | -50.0% |
| Furniture and vehicles | 24 | €6,180 | €4,270 | -€1,910 | -30.9% |
| Other tangible fixed assets | 26 | €2,900 | €2,900 | = | 0.0% |
| Current assets | 29/58 | €198,889 | €259,516 | +€60,626 | +30.5% |
| Amounts receivable within one year | 40/41 | €103,998 | €134,100 | +€30,102 | +28.9% |
| Trade receivables | 40 | - | €34,100 | +€34,100 | |
| Other amounts receivable | 41 | €103,998 | €100,000 | -€3,998 | -3.8% |
| Cash at bank and in hand | 54/58 | €91,615 | €124,990 | +€33,375 | +36.4% |
| Deferred charges and accrued income | 490/1 | €3,276 | €425 | -€2,851 | -87.0% |
| Total equity and liabilities | 10/49 | €540,332 | €432,728 | -€107,604 | -19.9% |
| Equity | 10/15 | €20,035 | €20,000 | -€35 | -0.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35 | - | -€35 | |
| Amounts payable | 17/49 | €520,298 | €412,728 | -€107,569 | -20.7% |
| Amounts payable after more than one year | 17 | €36,387 | - | -€36,387 | |
| Financial debts | 170/4 | €36,387 | - | -€36,387 | |
| Amounts payable within one year | 42/48 | €483,910 | €407,245 | -€76,665 | -15.8% |
| Current portion of amounts payable after more than one year | 42 | €19,259 | - | -€19,259 | |
| Financial debts | 43 | €19,054 | €18,951 | -€102 | -0.5% |
| Credit institutions | 430/8 | €19,054 | €18,951 | -€102 | -0.5% |
| Trade debts | 44 | €4,138 | €9,304 | +€5,166 | +124.8% |
| Suppliers | 440/4 | €4,138 | €9,304 | +€5,166 | +124.8% |
| Taxes, remuneration and social security | 45 | €17,786 | €54,325 | +€36,539 | +205.4% |
| Taxes | 450/3 | €14,786 | €51,325 | +€36,539 | +247.1% |
| Remuneration and social security | 454/9 | €3,000 | €3,000 | = | 0.0% |
| Other amounts payable | 47/48 | €423,674 | €324,665 | -€99,009 | -23.4% |
| Accrued charges and deferred income | 492/3 | - | €5,484 | +€5,484 | |
| Non-recurring operating income | 76A | - | €95,436 | +€95,436 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,777 | €7,578 | -€5,199 | -40.7% |
| Other operating charges | 640/8 | €2,729 | €2,388 | -€342 | -12.5% |
| Gross operating margin | 9900 | €418,897 | €643,004 | +€224,107 | +53.5% |
| Operating profit (loss) | 9901 | €403,391 | €633,039 | +€229,648 | +56.9% |
| Financial income | 75/76B | €1,230 | €2,473 | +€1,243 | +101.1% |
| Recurring financial income | 75 | €1,230 | €2,473 | +€1,243 | +101.1% |
| Financial charges | 65/66B | €3,648 | €8,131 | +€4,483 | +122.9% |
| Recurring financial charges | 65 | €3,648 | €8,131 | +€4,483 | +122.9% |
| Profit (loss) for the period before taxes | 9903 | €400,973 | €627,380 | +€226,407 | +56.5% |
| Income taxes | 67/77 | €96,002 | €152,107 | +€56,105 | +58.4% |
| Profit (loss) for the period | 9904 | €304,971 | €475,273 | +€170,302 | +55.8% |
| Profit (loss) for the period to be appropriated | 9905 | €304,971 | €475,273 | +€170,302 | +55.8% |
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.