JELTECH: what changed
Two fiscal 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.
JELTECH
Largest movements
- Receivables within one year -€23,665
down €23,665 (-64.7%), from €36,582 to €12,917
of which Trade receivables: -€24,420
- Cash -€23,374
down €23,374 (-45.3%), from €51,633 to €28,259
mainly Contributions, distributions and other (-€18,106) and Trade debts (-€17,070)
- Tangible fixed assets -€14,402
down €14,402 (-59.5%), from €24,197 to €9,795
of which Furniture and vehicles: -€10,286
- Stocks and contracts +€5,806
up €5,806 (+467.6%), from €1,242 to €7,048
- Reserves -€22,427
down €22,427 (-43.4%), from €51,643 to €29,216
- Trade debts -€17,070
down €17,070 (-68.2%), from €25,019 to €7,949
- Debts after one year -€13,300
down €13,300 (-100.0%), from €13,300 to €0
- Profit (loss) carried forward -€11,784
down €11,784 (-100.0%), from €11,784 to €0
- Current portion of long-term debt +€6,550
up €6,550 (+143.0%), from €4,579 to €11,129
- Gross operating margin -€40,199
down €40,199 (-99.1%), from €40,570 to €371
- Depreciation -€5,260
down €5,260 (-26.8%), from €19,661 to €14,402
- Other operating charges -€4,184
down €4,184 (-87.7%), from €4,769 to €585
- Taxes -€4,169
down €4,169 (-100.0%), from €4,169 to €0
- Financial charges +€1,311
up €1,311 (+561.6%), from €233 to €1,544
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 | €115,452 | €59,070 | -€56,382 | -48.8% |
| Fixed assets | 21/28 | €24,197 | €9,795 | -€14,402 | -59.5% |
| Tangible fixed assets | 22/27 | €24,197 | €9,795 | -€14,402 | -59.5% |
| Land and buildings | 22 | €4,787 | €3,199 | -€1,589 | -33.2% |
| Plant, machinery and equipment | 23 | €7,070 | €4,544 | -€2,527 | -35.7% |
| Furniture and vehicles | 24 | €12,340 | €2,053 | -€10,286 | -83.4% |
| Current assets | 29/58 | €91,255 | €49,275 | -€41,980 | -46.0% |
| Stocks and contracts in progress | 3 | €1,242 | €7,048 | +€5,806 | +467.6% |
| Stocks | 30/36 | €1,242 | €7,048 | +€5,806 | +467.6% |
| Amounts receivable within one year | 40/41 | €36,582 | €12,917 | -€23,665 | -64.7% |
| Trade receivables | 40 | €27,636 | €3,216 | -€24,420 | -88.4% |
| Other amounts receivable | 41 | €8,945 | €9,701 | +€755 | +8.4% |
| Cash at bank and in hand | 54/58 | €51,633 | €28,259 | -€23,374 | -45.3% |
| Deferred charges and accrued income | 490/1 | €1,799 | €1,051 | -€748 | -41.6% |
| Total equity and liabilities | 10/49 | €115,452 | €59,070 | -€56,382 | -48.8% |
| Equity | 10/15 | €69,427 | €35,216 | -€34,211 | -49.3% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €51,643 | €29,216 | -€22,427 | -43.4% |
| Distributable reserves | 133 | €51,643 | €29,216 | -€22,427 | -43.4% |
| Profit (loss) carried forward | 14 | €11,784 | €0 | -€11,784 | -100.0% |
| Amounts payable | 17/49 | €46,025 | €23,855 | -€22,171 | -48.2% |
| Amounts payable after more than one year | 17 | €13,300 | €0 | -€13,300 | -100.0% |
| Financial debts | 170/4 | €13,300 | €0 | -€13,300 | -100.0% |
| Amounts payable within one year | 42/48 | €32,726 | €23,855 | -€8,871 | -27.1% |
| Current portion of amounts payable after more than one year | 42 | €4,579 | €11,129 | +€6,550 | +143.0% |
| Trade debts | 44 | €25,019 | €7,949 | -€17,070 | -68.2% |
| Suppliers | 440/4 | €25,019 | €7,949 | -€17,070 | -68.2% |
| Taxes, remuneration and social security | 45 | €2,450 | €590 | -€1,860 | -75.9% |
| Taxes | 450/3 | €2,450 | €590 | -€1,860 | -75.9% |
| Other amounts payable | 47/48 | €677 | €4,187 | +€3,510 | +518.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,661 | €14,402 | -€5,260 | -26.8% |
| Other operating charges | 640/8 | €4,769 | €585 | -€4,184 | -87.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €40,570 | €371 | -€40,199 | -99.1% |
| Operating profit (loss) | 9901 | €16,139 | -€14,617 | -€30,755 | |
| Financial income | 75/76B | €48 | €56 | +€8 | +15.8% |
| Recurring financial income | 75 | €48 | €56 | +€8 | +15.8% |
| Financial charges | 65/66B | €233 | €1,544 | +€1,311 | +561.6% |
| Recurring financial charges | 65 | €233 | €1,544 | +€1,311 | +561.6% |
| Profit (loss) for the period before taxes | 9903 | €15,954 | -€16,105 | -€32,058 | |
| Income taxes | 67/77 | €4,169 | €0 | -€4,169 | -100.0% |
| Profit (loss) for the period | 9904 | €11,784 | -€16,105 | -€27,889 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,784 | -€16,105 | -€27,889 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.