JELUMA: 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.
JELUMA
Largest movements
- Cash +€15,387
up €15,387 (+66.7%), from €23,085 to €38,472
mainly Net result for the year (+€9,958) and Depreciation (+€4,156)
- Tangible fixed assets -€4,156
down €4,156 (-20.5%), from €20,269 to €16,113
- Deferred charges and accrued income +€1,821
new in 2025: €1,821
- Profit (loss) carried forward +€9,958
up €9,958 (+74.0%), from -€13,458 to -€3,500
- Other debts +€2,560
up €2,560 (+968%), from €265 to €2,825
- Other operating charges -€16,644
down €16,644 (-90.9%), from €18,303 to €1,659
- Gross operating margin -€1,516
down €1,516 (-9.4%), from €16,133 to €14,617
- Depreciation -€839
down €839 (-16.8%), from €4,995 to €4,156
- Taxes +€382
new in 2025: €382
- Financial income -€287
down €287 (-14.3%), from €2,015 to €1,728
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 | €163,354 | €176,666 | +€13,313 | +8.1% |
| Fixed assets | 21/28 | €20,269 | €16,113 | -€4,156 | -20.5% |
| Tangible fixed assets | 22/27 | €20,269 | €16,113 | -€4,156 | -20.5% |
| Land and buildings | 22 | €20,269 | €16,113 | -€4,156 | -20.5% |
| Current assets | 29/58 | €143,085 | €160,553 | +€17,469 | +12.2% |
| Amounts receivable after more than one year | 29 | €120,000 | €120,000 | = | 0.0% |
| Other amounts receivable | 291 | €120,000 | €120,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | - | €261 | +€261 | |
| Other amounts receivable | 41 | - | €261 | +€261 | |
| Cash at bank and in hand | 54/58 | €23,085 | €38,472 | +€15,387 | +66.7% |
| Deferred charges and accrued income | 490/1 | - | €1,821 | +€1,821 | |
| Total equity and liabilities | 10/49 | €163,354 | €176,666 | +€13,313 | +8.1% |
| Equity | 10/15 | €163,089 | €173,047 | +€9,958 | +6.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €157,947 | €157,947 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €156,087 | €156,087 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,458 | -€3,500 | +€9,958 | +74.0% |
| Amounts payable | 17/49 | €265 | €3,619 | +€3,355 | +1,268% |
| Amounts payable within one year | 42/48 | €265 | €3,619 | +€3,355 | +1,268% |
| Trade debts | 44 | - | €412 | +€412 | |
| Suppliers | 440/4 | - | €412 | +€412 | |
| Taxes, remuneration and social security | 45 | - | €382 | +€382 | |
| Taxes | 450/3 | - | €382 | +€382 | |
| Other amounts payable | 47/48 | €265 | €2,825 | +€2,560 | +968% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,995 | €4,156 | -€839 | -16.8% |
| Other operating charges | 640/8 | €18,303 | €1,659 | -€16,644 | -90.9% |
| Gross operating margin | 9900 | €16,133 | €14,617 | -€1,516 | -9.4% |
| Operating profit (loss) | 9901 | -€7,164 | €8,803 | +€15,967 | |
| Financial income | 75/76B | €2,015 | €1,728 | -€287 | -14.3% |
| Recurring financial income | 75 | €2,015 | €1,728 | -€287 | -14.3% |
| Financial charges | 65/66B | €218 | €190 | -€28 | -12.8% |
| Recurring financial charges | 65 | €218 | €190 | -€28 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | -€5,367 | €10,340 | +€15,708 | |
| Income taxes | 67/77 | - | €382 | +€382 | |
| Profit (loss) for the period | 9904 | -€5,367 | €9,958 | +€15,326 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,367 | €9,958 | +€15,326 |
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 13 October 2026 via checked.be.