JENA: 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.
JENA
Largest movements
- Tangible fixed assets +€29,250
up €29,250 (+122%), from €24,050 to €53,300
- Cash +€19,244
up €19,244 (+102%), from €18,884 to €38,128
mainly Other debts (+€35,937) and Trade debts (+€29,312)
- Financial fixed assets +€9,000
up €9,000 (+4,500%), from €200 to €9,200
- Receivables within one year -€8,699
down €8,699 (-57.4%), from €15,165 to €6,466
of which Other amounts receivable: -€9,574
- Other debts +€35,937
up €35,937 (+148%), from €24,218 to €60,154
- Trade debts +€29,312
new in 2025: €29,312
- Profit (loss) carried forward -€17,857
down €17,857 (-503%), from -€3,552 to -€21,409
- Tax, wage and social debts +€1,404
up €1,404 (+10.8%), from €13,006 to €14,410
of which Remuneration and social security: +€1,199
- Gross operating margin -€68,117
down €68,117, from €59,750 to -€8,367
- Staff costs -€30,893
down €30,893 (-80.2%), from €38,532 to €7,638
- Purchases and services +€18,879
new in 2025: €18,879
- Depreciation -€8,309
no longer reported in 2025 (was €8,309)
- Turnover +€2,456
new in 2025: €2,456
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 | €59,772 | €108,567 | +€48,795 | +81.6% |
| Formation expenses | 20 | €1,223 | €1,223 | = | 0.0% |
| Fixed assets | 21/28 | €24,250 | €62,500 | +€38,250 | +158% |
| Tangible fixed assets | 22/27 | €24,050 | €53,300 | +€29,250 | +122% |
| Furniture and vehicles | 24 | €24,050 | €53,300 | +€29,250 | +122% |
| Financial fixed assets | 28 | €200 | €9,200 | +€9,000 | +4,500% |
| Current assets | 29/58 | €34,298 | €44,844 | +€10,545 | +30.7% |
| Amounts receivable within one year | 40/41 | €15,165 | €6,466 | -€8,699 | -57.4% |
| Trade receivables | 40 | €4,125 | €5,000 | +€875 | +21.2% |
| Other amounts receivable | 41 | €11,040 | €1,466 | -€9,574 | -86.7% |
| Cash at bank and in hand | 54/58 | €18,884 | €38,128 | +€19,244 | +102% |
| Deferred charges and accrued income | 490/1 | €249 | €250 | +€1 | +0.4% |
| Total equity and liabilities | 10/49 | €59,772 | €108,567 | +€48,795 | +81.6% |
| Equity | 10/15 | €15,048 | -€2,809 | -€17,857 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,552 | -€21,409 | -€17,857 | -503% |
| Amounts payable | 17/49 | €44,723 | €111,376 | +€66,653 | +149% |
| Amounts payable within one year | 42/48 | €44,723 | €111,376 | +€66,653 | +149% |
| Current portion of amounts payable after more than one year | 42 | €7,500 | €7,500 | = | 0.0% |
| Trade debts | 44 | - | €29,312 | +€29,312 | |
| Suppliers | 440/4 | - | €29,312 | +€29,312 | |
| Taxes, remuneration and social security | 45 | €13,006 | €14,410 | +€1,404 | +10.8% |
| Taxes | 450/3 | €459 | €663 | +€205 | +44.6% |
| Remuneration and social security | 454/9 | €12,547 | €13,746 | +€1,199 | +9.6% |
| Other amounts payable | 47/48 | €24,218 | €60,154 | +€35,937 | +148% |
| Turnover | 70 | - | €2,456 | +€2,456 | |
| Non-recurring operating income | 76A | - | €8,056 | +€8,056 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €18,879 | +€18,879 | |
| Remuneration, social security and pensions | 62 | €38,532 | €7,638 | -€30,893 | -80.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,309 | - | -€8,309 | |
| Other operating charges | 640/8 | €986 | €1,852 | +€866 | +87.9% |
| Gross operating margin | 9900 | €59,750 | -€8,367 | -€68,117 | |
| Operating profit (loss) | 9901 | €11,924 | -€17,857 | -€29,781 | |
| Financial charges | 65/66B | €74 | - | -€74 | |
| Recurring financial charges | 65 | €74 | - | -€74 | |
| Profit (loss) for the period before taxes | 9903 | €11,850 | -€17,857 | -€29,707 | |
| Profit (loss) for the period | 9904 | €11,850 | -€17,857 | -€29,707 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,850 | -€17,857 | -€29,707 |
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 26 October 2026 via checked.be.