JENA HOLDING: 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 HOLDING
Largest movements
- Receivables within one year +€175,715
up €175,715 (+1.9%), from €9.1m to €9.3m
- Reserves +€637,406
up €637,406 (+7.5%), from €8.5m to €9.2m
of which Distributable reserves: +€637,406
- Tax, wage and social debts -€393,225
down €393,225 (-71.4%), from €550,970 to €157,746
- Other operating charges -€596,815
down €596,815 (-100.0%), from €597,060 to €245
- Taxes +€110,165
up €110,165, from €0 to €110,165
- Financial charges -€93,557
down €93,557 (-99.7%), from €93,867 to €310
of which Non-recurring financial charges: -€91,999
- Gross operating margin +€31,654
up €31,654 (+73.8%), from -€42,893 to -€11,239
- Financial income -€13,164
down €13,164 (-3.1%), from €429,233 to €416,068
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,621,530 | €10,795,029 | +€173,499 | +1.6% |
| Fixed assets | 21/28 | €1,500,001 | €1,500,001 | = | 0.0% |
| Financial fixed assets | 28 | €1,500,001 | €1,500,001 | = | 0.0% |
| Current assets | 29/58 | €9,121,529 | €9,295,028 | +€173,499 | +1.9% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €9,117,759 | €9,293,474 | +€175,715 | +1.9% |
| Other amounts receivable | 41 | €9,117,759 | €9,293,474 | +€175,715 | +1.9% |
| Cash at bank and in hand | 54/58 | €3,770 | €1,553 | -€2,216 | -58.8% |
| Total equity and liabilities | 10/49 | €10,621,530 | €10,795,029 | +€173,499 | +1.6% |
| Equity | 10/15 | €8,588,599 | €9,226,005 | +€637,406 | +7.4% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €125,000 | €125,000 | = | 0.0% |
| Uncalled capital | 101 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €8,513,599 | €9,151,005 | +€637,406 | +7.5% |
| Non-distributable reserves | 130/1 | €12,500 | €12,500 | = | 0.0% |
| Legal reserve | 130 | €12,500 | €12,500 | = | 0.0% |
| Distributable reserves | 133 | €8,501,099 | €9,138,505 | +€637,406 | +7.5% |
| Amounts payable | 17/49 | €2,032,930 | €1,569,023 | -€463,907 | -22.8% |
| Amounts payable within one year | 42/48 | €2,032,930 | €1,569,023 | -€463,907 | -22.8% |
| Trade debts | 44 | €3,382 | €1,113 | -€2,269 | -67.1% |
| Suppliers | 440/4 | €3,382 | €1,113 | -€2,269 | -67.1% |
| Taxes, remuneration and social security | 45 | €550,970 | €157,746 | -€393,225 | -71.4% |
| Taxes | 450/3 | €550,970 | €157,746 | -€393,225 | -71.4% |
| Other amounts payable | 47/48 | €1,478,578 | €1,410,165 | -€68,414 | -4.6% |
| Other operating charges | 640/8 | €597,060 | €245 | -€596,815 | -100.0% |
| Gross operating margin | 9900 | -€42,893 | -€11,239 | +€31,654 | +73.8% |
| Operating profit (loss) | 9901 | -€639,953 | -€11,485 | +€628,468 | +98.2% |
| Financial income | 75/76B | €429,233 | €416,068 | -€13,164 | -3.1% |
| Recurring financial income | 75 | €429,233 | €416,068 | -€13,164 | -3.1% |
| Financial charges | 65/66B | €93,867 | €310 | -€93,557 | -99.7% |
| Recurring financial charges | 65 | €1,868 | €310 | -€1,558 | -83.4% |
| Non-recurring financial charges | 66B | €91,999 | - | -€91,999 | |
| Profit (loss) for the period before taxes | 9903 | -€304,587 | €404,274 | +€708,861 | |
| Income taxes | 67/77 | €0 | €110,165 | +€110,165 | |
| Profit (loss) for the period | 9904 | -€304,587 | €294,109 | +€598,696 | |
| Profit (loss) for the period to be appropriated | 9905 | -€304,587 | €294,109 | +€598,696 |
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.