JELOTI: 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.
JELOTI
Largest movements
- Cash +€39,347
up €39,347 (+160%), from €24,657 to €64,003
mainly Net result for the year (+€50,509) and Depreciation (+€21,657)
- Tangible fixed assets -€10,979
down €10,979 (-16.6%), from €66,036 to €55,057
of which Plant, machinery and equipment: -€11,820
- Intangible fixed assets -€8,600
down €8,600 (-19.4%), from €44,355 to €35,755
- Receivables within one year -€6,711
down €6,711 (-97.7%), from €6,867 to €156
of which Trade receivables: -€6,867
- Deferred charges and accrued income +€1,981
new in 2025: €1,981
- Profit (loss) carried forward +€30,077
no longer reported in 2025 (was -€30,077)
- Reserves +€20,431
up €20,431 (+59.1%), from €34,565 to €54,996
- Debts after one year -€18,817
down €18,817 (-22.9%), from €82,212 to €63,394
of which Financial debts: -€14,147
- Other debts -€7,049
down €7,049 (-92.9%), from €7,591 to €542
- Tax, wage and social debts -€5,394
down €5,394 (-39.8%), from €13,541 to €8,147
of which Remuneration and social security: -€4,003
- Staff costs -€71,387
down €71,387 (-64.2%), from €111,206 to €39,819
- Financial charges -€11,590
down €11,590 (-72.4%), from €16,005 to €4,415
of which Non-recurring financial charges: -€9,808
- Taxes +€6,200
up €6,200 (+3,033%), from €204 to €6,405
- Gross operating margin -€4,528
down €4,528 (-3.5%), from €128,860 to €124,332
- Other operating charges -€2,095
down €2,095 (-54.7%), from €3,832 to €1,737
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 | €146,364 | €161,402 | +€15,038 | +10.3% |
| Fixed assets | 21/28 | €114,841 | €95,262 | -€19,579 | -17.0% |
| Intangible fixed assets | 21 | €44,355 | €35,755 | -€8,600 | -19.4% |
| Tangible fixed assets | 22/27 | €66,036 | €55,057 | -€10,979 | -16.6% |
| Plant, machinery and equipment | 23 | €61,953 | €50,133 | -€11,820 | -19.1% |
| Furniture and vehicles | 24 | €4,083 | €4,924 | +€841 | +20.6% |
| Financial fixed assets | 28 | €4,450 | €4,450 | = | 0.0% |
| Current assets | 29/58 | €31,524 | €66,140 | +€34,617 | +110% |
| Amounts receivable within one year | 40/41 | €6,867 | €156 | -€6,711 | -97.7% |
| Trade receivables | 40 | €6,867 | - | -€6,867 | |
| Other amounts receivable | 41 | - | €156 | +€156 | |
| Cash at bank and in hand | 54/58 | €24,657 | €64,003 | +€39,347 | +160% |
| Deferred charges and accrued income | 490/1 | - | €1,981 | +€1,981 | |
| Total equity and liabilities | 10/49 | €146,364 | €161,402 | +€15,038 | +10.3% |
| Equity | 10/15 | €23,037 | €73,546 | +€50,509 | +219% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €34,565 | €54,996 | +€20,431 | +59.1% |
| Distributable reserves | 133 | €34,565 | €54,996 | +€20,431 | +59.1% |
| Profit (loss) carried forward | 14 | -€30,077 | - | +€30,077 | |
| Amounts payable | 17/49 | €123,327 | €87,856 | -€35,471 | -28.8% |
| Amounts payable after more than one year | 17 | €82,212 | €63,394 | -€18,817 | -22.9% |
| Financial debts | 170/4 | €77,542 | €63,394 | -€14,147 | -18.2% |
| Other amounts payable | 178/9 | €4,670 | - | -€4,670 | |
| Amounts payable within one year | 42/48 | €41,115 | €23,006 | -€18,109 | -44.0% |
| Current portion of amounts payable after more than one year | 42 | €14,626 | €14,147 | -€479 | -3.3% |
| Trade debts | 44 | €5,357 | €170 | -€5,187 | -96.8% |
| Suppliers | 440/4 | €5,357 | €170 | -€5,187 | -96.8% |
| Taxes, remuneration and social security | 45 | €13,541 | €8,147 | -€5,394 | -39.8% |
| Taxes | 450/3 | €3,291 | €1,900 | -€1,391 | -42.3% |
| Remuneration and social security | 454/9 | €10,250 | €6,247 | -€4,003 | -39.1% |
| Other amounts payable | 47/48 | €7,591 | €542 | -€7,049 | -92.9% |
| Accrued charges and deferred income | 492/3 | - | €1,455 | +€1,455 | |
| Non-recurring operating income | 76A | - | €8,678 | +€8,678 | |
| Remuneration, social security and pensions | 62 | €111,206 | €39,819 | -€71,387 | -64.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,417 | €21,657 | +€239 | +1.1% |
| Other operating charges | 640/8 | €3,832 | €1,737 | -€2,095 | -54.7% |
| Gross operating margin | 9900 | €128,860 | €124,332 | -€4,528 | -3.5% |
| Operating profit (loss) | 9901 | -€7,595 | €61,119 | +€68,714 | |
| Financial income | 75/76B | €1,410 | €209 | -€1,201 | -85.2% |
| Recurring financial income | 75 | €1,410 | €209 | -€1,201 | -85.2% |
| Financial charges | 65/66B | €16,005 | €4,415 | -€11,590 | -72.4% |
| Recurring financial charges | 65 | €6,196 | €4,415 | -€1,782 | -28.8% |
| Non-recurring financial charges | 66B | €9,808 | - | -€9,808 | |
| Profit (loss) for the period before taxes | 9903 | -€22,190 | €56,913 | +€79,103 | |
| Income taxes | 67/77 | €204 | €6,405 | +€6,200 | +3,033% |
| Profit (loss) for the period | 9904 | -€22,394 | €50,509 | +€72,903 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,394 | €50,509 | +€72,903 |
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 30 October 2026 via checked.be.