JELU: 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.
JELU
Largest movements
- Tangible fixed assets +€26,558
up €26,558 (+6.7%), from €399,327 to €425,885
of which Plant, machinery and equipment: +€20,649
- Cash +€15,527
up €15,527 (+21.8%), from €71,231 to €86,758
mainly Net result for the year (+€55,817) and Depreciation (+€20,207)
- Receivables within one year +€11,289
new in 2024: €11,289
- Stocks and contracts -€5,415
down €5,415 (-47.2%), from €11,461 to €6,046
- Reserves +€55,817
up €55,817 (+370.9%), from €15,048 to €70,865
- Tax, wage and social debts -€19,321
down €19,321 (-74.2%), from €26,054 to €6,733
of which Remuneration and social security: -€20,626
- Trade debts +€11,171
up €11,171 (+40.1%), from €27,855 to €39,026
- Debts after one year -€10,719
down €10,719 (-2.7%), from €390,875 to €380,155
of which Financial debts: -€10,719
- Current portion of long-term debt +€8,360
up €8,360 (+38.5%), from €21,694 to €30,054
- Gross operating margin +€49,709
up €49,709 (+50.3%), from €98,794 to €148,503
- Taxes +€11,861
up €11,861 (+424.3%), from €2,796 to €14,657
- Staff costs +€6,308
up €6,308 (+19.4%), from €32,579 to €38,887
- Financial charges +€1,585
up €1,585 (+10.4%), from €15,242 to €16,827
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €487,992 | €534,833 | +€46,841 | +9.6% |
| Fixed assets | 21/28 | €399,327 | €425,885 | +€26,558 | +6.7% |
| Tangible fixed assets | 22/27 | €399,327 | €425,885 | +€26,558 | +6.7% |
| Land and buildings | 22 | €357,284 | €363,893 | +€6,609 | +1.8% |
| Plant, machinery and equipment | 23 | €39,645 | €60,294 | +€20,649 | +52.1% |
| Furniture and vehicles | 24 | €2,398 | €1,697 | -€701 | -29.2% |
| Current assets | 29/58 | €88,666 | €108,948 | +€20,283 | +22.9% |
| Stocks and contracts in progress | 3 | €11,461 | €6,046 | -€5,415 | -47.2% |
| Stocks | 30/36 | €11,461 | €6,046 | -€5,415 | -47.2% |
| Amounts receivable within one year | 40/41 | - | €11,289 | +€11,289 | |
| Other amounts receivable | 41 | - | €11,289 | +€11,289 | |
| Cash at bank and in hand | 54/58 | €71,231 | €86,758 | +€15,527 | +21.8% |
| Deferred charges and accrued income | 490/1 | €5,973 | €4,856 | -€1,118 | -18.7% |
| Total equity and liabilities | 10/49 | €487,992 | €534,833 | +€46,841 | +9.6% |
| Equity | 10/15 | €20,048 | €75,865 | +€55,817 | +278.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €15,048 | €70,865 | +€55,817 | +370.9% |
| Distributable reserves | 133 | €15,048 | €70,865 | +€55,817 | +370.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €467,944 | €458,968 | -€8,976 | -1.9% |
| Amounts payable after more than one year | 17 | €390,875 | €380,155 | -€10,719 | -2.7% |
| Financial debts | 170/4 | €345,875 | €335,155 | -€10,719 | -3.1% |
| Other amounts payable | 178/9 | €45,000 | €45,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €77,069 | €78,813 | +€1,743 | +2.3% |
| Current portion of amounts payable after more than one year | 42 | €21,694 | €30,054 | +€8,360 | +38.5% |
| Trade debts | 44 | €27,855 | €39,026 | +€11,171 | +40.1% |
| Suppliers | 440/4 | €27,855 | €39,026 | +€11,171 | +40.1% |
| Advances received on contracts in progress | 46 | - | €3,000 | +€3,000 | |
| Taxes, remuneration and social security | 45 | €26,054 | €6,733 | -€19,321 | -74.2% |
| Taxes | 450/3 | €2,956 | €4,261 | +€1,305 | +44.2% |
| Remuneration and social security | 454/9 | €23,098 | €2,472 | -€20,626 | -89.3% |
| Other amounts payable | 47/48 | €1,467 | €0 | -€1,467 | -100.0% |
| Remuneration, social security and pensions | 62 | €32,579 | €38,887 | +€6,308 | +19.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,949 | €20,207 | +€1,258 | +6.6% |
| Other operating charges | 640/8 | €2,003 | €2,290 | +€287 | +14.3% |
| Gross operating margin | 9900 | €98,794 | €148,503 | +€49,709 | +50.3% |
| Operating profit (loss) | 9901 | €45,262 | €87,119 | +€41,857 | +92.5% |
| Financial income | 75/76B | €10 | €182 | +€172 | +1752.6% |
| Recurring financial income | 75 | €10 | €182 | +€172 | +1752.6% |
| Financial charges | 65/66B | €15,242 | €16,827 | +€1,585 | +10.4% |
| Recurring financial charges | 65 | €15,242 | €16,827 | +€1,585 | +10.4% |
| Profit (loss) for the period before taxes | 9903 | €30,030 | €70,474 | +€40,444 | +134.7% |
| Income taxes | 67/77 | €2,796 | €14,657 | +€11,861 | +424.3% |
| Profit (loss) for the period | 9904 | €27,234 | €55,817 | +€28,582 | +104.9% |
| Profit (loss) for the period to be appropriated | 9905 | €27,234 | €55,817 | +€28,582 | +104.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.