Jelow: 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.
Jelow
Largest movements
- Receivables within one year -€13,581
down €13,581 (-30.0%), from €45,307 to €31,725
of which Trade receivables: -€15,180
- Cash +€7,401
up €7,401 (+58.3%), from €12,697 to €20,098
mainly Depreciation (+€30,683) and Receivables within one year (+€13,581)
- Trade debts -€4,285
down €4,285 (-30.9%), from €13,865 to €9,580
- Other debts -€2,722
down €2,722 (-9.9%), from €27,505 to €24,782
- Gross operating margin -€65,012
down €65,012 (-65.9%), from €98,602 to €33,590
- Write-downs -€28,173
no longer reported in 2025 (was €28,173)
- Taxes -€8,575
down €8,575 (-92.5%), from €9,275 to €700
- Depreciation +€7,753
up €7,753 (+33.8%), from €22,930 to €30,683
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 | €210,259 | €205,444 | -€4,814 | -2.3% |
| Fixed assets | 21/28 | €152,254 | €153,621 | +€1,366 | +0.9% |
| Tangible fixed assets | 22/27 | €152,214 | €153,581 | +€1,366 | +0.9% |
| Plant, machinery and equipment | 23 | €27,339 | €46,991 | +€19,652 | +71.9% |
| Furniture and vehicles | 24 | €42,478 | €33,359 | -€9,119 | -21.5% |
| Other tangible fixed assets | 26 | €82,397 | €73,231 | -€9,167 | -11.1% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €58,004 | €51,823 | -€6,181 | -10.7% |
| Amounts receivable within one year | 40/41 | €45,307 | €31,725 | -€13,581 | -30.0% |
| Trade receivables | 40 | €43,152 | €27,972 | -€15,180 | -35.2% |
| Other amounts receivable | 41 | €2,155 | €3,753 | +€1,598 | +74.2% |
| Cash at bank and in hand | 54/58 | €12,697 | €20,098 | +€7,401 | +58.3% |
| Total equity and liabilities | 10/49 | €210,259 | €205,444 | -€4,814 | -2.3% |
| Equity | 10/15 | €39,614 | €41,107 | +€1,493 | +3.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €37,114 | €38,607 | +€1,493 | +4.0% |
| Distributable reserves | 133 | €37,114 | €38,607 | +€1,493 | +4.0% |
| Amounts payable | 17/49 | €170,645 | €164,337 | -€6,308 | -3.7% |
| Amounts payable after more than one year | 17 | €120,000 | €120,000 | = | 0.0% |
| Financial debts | 170/4 | €120,000 | €120,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €50,645 | €44,337 | -€6,308 | -12.5% |
| Trade debts | 44 | €13,865 | €9,580 | -€4,285 | -30.9% |
| Suppliers | 440/4 | €13,865 | €9,580 | -€4,285 | -30.9% |
| Taxes, remuneration and social security | 45 | €9,275 | €9,975 | +€700 | +7.5% |
| Taxes | 450/3 | €9,275 | €9,975 | +€700 | +7.5% |
| Other amounts payable | 47/48 | €27,505 | €24,782 | -€2,722 | -9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,930 | €30,683 | +€7,753 | +33.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €28,173 | - | -€28,173 | |
| Other operating charges | 640/8 | €932 | €695 | -€236 | -25.4% |
| Gross operating margin | 9900 | €98,602 | €33,590 | -€65,012 | -65.9% |
| Operating profit (loss) | 9901 | €46,568 | €2,212 | -€44,356 | -95.2% |
| Financial income | 75/76B | €10 | €57 | +€47 | +476.2% |
| Recurring financial income | 75 | €10 | €57 | +€47 | +476.2% |
| Financial charges | 65/66B | €189 | €75 | -€114 | -60.1% |
| Recurring financial charges | 65 | €189 | €75 | -€114 | -60.1% |
| Profit (loss) for the period before taxes | 9903 | €46,389 | €2,193 | -€44,195 | -95.3% |
| Income taxes | 67/77 | €9,275 | €700 | -€8,575 | -92.5% |
| Profit (loss) for the period | 9904 | €37,114 | €1,493 | -€35,620 | -96.0% |
| Profit (loss) for the period to be appropriated | 9905 | €37,114 | €1,493 | -€35,620 | -96.0% |
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 12 October 2026 via checked.be.