JELUHE: 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.
JELUHE
Largest movements
- Cash +€106,302
up €106,302 (+66.8%), from €159,124 to €265,426
mainly Net result for the year (+€129,324) and Other debts (+€105,140)
- Tangible fixed assets -€38,508
down €38,508 (-13.3%), from €289,852 to €251,344
of which Land and buildings: -€37,196
- Other debts +€105,140
up €105,140 (+49.9%), from €210,744 to €315,885
- Debts after one year -€49,095
down €49,095 (-25.0%), from €196,380 to €147,285
- Tax, wage and social debts +€9,220
up €9,220 (+84.8%), from €10,871 to €20,090
- Gross operating margin +€13,048
up €13,048 (+6.5%), from €201,183 to €214,231
- Taxes +€3,940
up €3,940 (+11.0%), from €35,674 to €39,614
- Other operating charges -€2,165
down €2,165 (-72.8%), from €2,973 to €808
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 | €487,650 | €555,312 | +€67,661 | +13.9% |
| Fixed assets | 21/28 | €291,786 | €252,278 | -€39,508 | -13.5% |
| Intangible fixed assets | 21 | €1,934 | €934 | -€1,000 | -51.7% |
| Tangible fixed assets | 22/27 | €289,852 | €251,344 | -€38,508 | -13.3% |
| Land and buildings | 22 | €284,046 | €246,849 | -€37,196 | -13.1% |
| Plant, machinery and equipment | 23 | €5,806 | €4,494 | -€1,312 | -22.6% |
| Current assets | 29/58 | €195,864 | €303,033 | +€107,169 | +54.7% |
| Amounts receivable within one year | 40/41 | €34,516 | €34,967 | +€451 | +1.3% |
| Trade receivables | 40 | €32,190 | €34,967 | +€2,777 | +8.6% |
| Other amounts receivable | 41 | €2,326 | €0 | -€2,326 | -100.0% |
| Cash at bank and in hand | 54/58 | €159,124 | €265,426 | +€106,302 | +66.8% |
| Deferred charges and accrued income | 490/1 | €2,224 | €2,641 | +€417 | +18.7% |
| Total equity and liabilities | 10/49 | €487,650 | €555,312 | +€67,661 | +13.9% |
| Equity | 10/15 | €20,460 | €21,784 | +€1,324 | +6.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €3,184 | +€1,324 | +71.2% |
| Distributable reserves | 133 | €1,860 | €3,184 | +€1,324 | +71.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €467,190 | €533,527 | +€66,337 | +14.2% |
| Amounts payable after more than one year | 17 | €196,380 | €147,285 | -€49,095 | -25.0% |
| Financial debts | 170/4 | €196,380 | €147,285 | -€49,095 | -25.0% |
| Amounts payable within one year | 42/48 | €270,810 | €386,242 | +€115,432 | +42.6% |
| Current portion of amounts payable after more than one year | 42 | €49,095 | €49,095 | = | 0.0% |
| Trade debts | 44 | €100 | €1,172 | +€1,072 | +1077.5% |
| Suppliers | 440/4 | €100 | €1,172 | +€1,072 | +1077.5% |
| Taxes, remuneration and social security | 45 | €10,871 | €20,090 | +€9,220 | +84.8% |
| Taxes | 450/3 | €10,871 | €20,090 | +€9,220 | +84.8% |
| Other amounts payable | 47/48 | €210,744 | €315,885 | +€105,140 | +49.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,949 | €39,508 | +€559 | +1.4% |
| Other operating charges | 640/8 | €2,973 | €808 | -€2,165 | -72.8% |
| Gross operating margin | 9900 | €201,183 | €214,231 | +€13,048 | +6.5% |
| Operating profit (loss) | 9901 | €159,261 | €173,915 | +€14,654 | +9.2% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €5,040 | €4,977 | -€63 | -1.3% |
| Recurring financial charges | 65 | €5,040 | €4,977 | -€63 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | €154,221 | €168,938 | +€14,717 | +9.5% |
| Income taxes | 67/77 | €35,674 | €39,614 | +€3,940 | +11.0% |
| Profit (loss) for the period | 9904 | €118,547 | €129,324 | +€10,777 | +9.1% |
| Profit (loss) for the period to be appropriated | 9905 | €118,547 | €129,324 | +€10,777 | +9.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.