JENAH: 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.
JENAH
Largest movements
- Cash +€69,581
up €69,581 (+49.9%), from €139,485 to €209,066
mainly Net result for the year (+€76,606) and Tax, wage and social debts (+€8,991)
- Receivables within one year +€9,892
up €9,892 (+37.3%), from €26,505 to €36,396
- Receivables after one year +€5,000
new in 2025: €5,000
- Reserves +€76,606
up €76,606 (+62.8%), from €122,073 to €198,679
- Tax, wage and social debts +€8,991
up €8,991 (+20.1%), from €44,775 to €53,767
of which Taxes: +€11,491
- Gross operating margin -€6,696
down €6,696 (-6.2%), from €107,221 to €100,525
- Financial charges +€1,492
up €1,492 (+403%), from €371 to €1,863
- Taxes -€1,274
down €1,274 (-5.6%), from €22,858 to €21,584
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 | €169,557 | €255,582 | +€86,026 | +50.7% |
| Fixed assets | 21/28 | €1,485 | €1,066 | -€419 | -28.2% |
| Tangible fixed assets | 22/27 | €1,485 | €1,066 | -€419 | -28.2% |
| Furniture and vehicles | 24 | €1,485 | €1,066 | -€419 | -28.2% |
| Current assets | 29/58 | €168,072 | €254,516 | +€86,445 | +51.4% |
| Amounts receivable after more than one year | 29 | - | €5,000 | +€5,000 | |
| Other amounts receivable | 291 | - | €5,000 | +€5,000 | |
| Amounts receivable within one year | 40/41 | €26,505 | €36,396 | +€9,892 | +37.3% |
| Trade receivables | 40 | €26,505 | €36,396 | +€9,892 | +37.3% |
| Cash at bank and in hand | 54/58 | €139,485 | €209,066 | +€69,581 | +49.9% |
| Deferred charges and accrued income | 490/1 | €2,082 | €4,054 | +€1,972 | +94.7% |
| Total equity and liabilities | 10/49 | €169,557 | €255,582 | +€86,026 | +50.7% |
| Equity | 10/15 | €123,073 | €199,679 | +€76,606 | +62.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €122,073 | €198,679 | +€76,606 | +62.8% |
| Distributable reserves | 133 | €122,073 | €198,679 | +€76,606 | +62.8% |
| Amounts payable | 17/49 | €46,483 | €55,903 | +€9,420 | +20.3% |
| Amounts payable within one year | 42/48 | €46,483 | €55,903 | +€9,420 | +20.3% |
| Trade debts | 44 | €760 | €1,646 | +€886 | +117% |
| Suppliers | 440/4 | €760 | €1,646 | +€886 | +117% |
| Taxes, remuneration and social security | 45 | €44,775 | €53,767 | +€8,991 | +20.1% |
| Taxes | 450/3 | €42,275 | €53,767 | +€11,491 | +27.2% |
| Remuneration and social security | 454/9 | €2,500 | €0 | -€2,500 | -100% |
| Other amounts payable | 47/48 | €948 | €490 | -€457 | -48.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €419 | €419 | = | 0.0% |
| Other operating charges | 640/8 | €62 | €62 | = | 0.0% |
| Gross operating margin | 9900 | €107,221 | €100,525 | -€6,696 | -6.2% |
| Operating profit (loss) | 9901 | €106,740 | €100,044 | -€6,696 | -6.3% |
| Financial income | 75/76B | - | €9 | +€9 | |
| Recurring financial income | 75 | - | €9 | +€9 | |
| Financial charges | 65/66B | €371 | €1,863 | +€1,492 | +403% |
| Recurring financial charges | 65 | €371 | €1,863 | +€1,492 | +403% |
| Profit (loss) for the period before taxes | 9903 | €106,369 | €98,190 | -€8,179 | -7.7% |
| Income taxes | 67/77 | €22,858 | €21,584 | -€1,274 | -5.6% |
| Profit (loss) for the period | 9904 | €83,511 | €76,606 | -€6,905 | -8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €83,511 | €76,606 | -€6,905 | -8.3% |
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 14 October 2026 via checked.be.