JenB: 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.
JenB
Largest movements
- Tangible fixed assets +€171,246
up €171,246 (+28.7%), from €597,441 to €768,686
of which Leasing and similar rights: +€139,544
- Cash -€113,963
down €113,963 (-74.3%), from €153,363 to €39,401
mainly Investment in fixed assets (net) (-€363,994) and Receivables within one year (-€63,432)
- Receivables within one year +€63,432
up €63,432 (+19.9%), from €318,147 to €381,579
of which Trade receivables: +€64,238
- Current portion of long-term debt +€70,967
up €70,967 (+60.5%), from €117,248 to €188,214
- Debts after one year +€44,909
up €44,909 (+9.9%), from €453,478 to €498,387
- Staff costs +€80,970
up €80,970 (+22.0%), from €367,931 to €448,901
- Gross operating margin +€34,567
up €34,567 (+5.3%), from €654,341 to €688,908
- Depreciation +€21,325
up €21,325 (+12.4%), from €171,423 to €192,749
- Taxes -€11,388
down €11,388 (-60.2%), from €18,909 to €7,521
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 | €1,132,639 | €1,244,269 | +€111,629 | +9.9% |
| Fixed assets | 21/28 | €597,441 | €768,686 | +€171,246 | +28.7% |
| Tangible fixed assets | 22/27 | €597,441 | €768,686 | +€171,246 | +28.7% |
| Plant, machinery and equipment | 23 | €349,583 | €386,405 | +€36,822 | +10.5% |
| Furniture and vehicles | 24 | €54,907 | €49,787 | -€5,120 | -9.3% |
| Leasing and similar rights | 25 | €192,951 | €332,495 | +€139,544 | +72.3% |
| Current assets | 29/58 | €535,199 | €475,582 | -€59,616 | -11.1% |
| Stocks and contracts in progress | 3 | €22,089 | €24,885 | +€2,797 | +12.7% |
| Stocks | 30/36 | €22,089 | €24,885 | +€2,797 | +12.7% |
| Amounts receivable within one year | 40/41 | €318,147 | €381,579 | +€63,432 | +19.9% |
| Trade receivables | 40 | €309,860 | €374,099 | +€64,238 | +20.7% |
| Other amounts receivable | 41 | €8,286 | €7,480 | -€806 | -9.7% |
| Cash at bank and in hand | 54/58 | €153,363 | €39,401 | -€113,963 | -74.3% |
| Deferred charges and accrued income | 490/1 | €41,600 | €29,718 | -€11,882 | -28.6% |
| Total equity and liabilities | 10/49 | €1,132,639 | €1,244,269 | +€111,629 | +9.9% |
| Equity | 10/15 | €367,511 | €376,247 | +€8,736 | +2.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €348,919 | €357,655 | +€8,736 | +2.5% |
| Non-distributable reserves | 130/1 | €1,859 | €0 | -€1,859 | -100.0% |
| Reserves not available under the articles | 1311 | €1,859 | €0 | -€1,859 | -100.0% |
| Tax-exempt reserves | 132 | €7,200 | €7,200 | = | 0.0% |
| Distributable reserves | 133 | €339,860 | €350,455 | +€10,595 | +3.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €765,128 | €868,022 | +€102,893 | +13.4% |
| Amounts payable after more than one year | 17 | €453,478 | €498,387 | +€44,909 | +9.9% |
| Financial debts | 170/4 | €453,478 | €498,387 | +€44,909 | +9.9% |
| Amounts payable within one year | 42/48 | €311,650 | €369,635 | +€57,985 | +18.6% |
| Current portion of amounts payable after more than one year | 42 | €117,248 | €188,214 | +€70,967 | +60.5% |
| Trade debts | 44 | €130,885 | €124,969 | -€5,916 | -4.5% |
| Suppliers | 440/4 | €130,885 | €124,969 | -€5,916 | -4.5% |
| Taxes, remuneration and social security | 45 | €55,791 | €53,140 | -€2,651 | -4.8% |
| Taxes | 450/3 | €4,994 | €7,802 | +€2,808 | +56.2% |
| Remuneration and social security | 454/9 | €50,797 | €45,339 | -€5,458 | -10.7% |
| Other amounts payable | 47/48 | €7,727 | €3,311 | -€4,416 | -57.1% |
| Remuneration, social security and pensions | 62 | €367,931 | €448,901 | +€80,970 | +22.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €171,423 | €192,749 | +€21,325 | +12.4% |
| Other operating charges | 640/8 | €3,269 | €3,688 | +€419 | +12.8% |
| Gross operating margin | 9900 | €654,341 | €688,908 | +€34,567 | +5.3% |
| Operating profit (loss) | 9901 | €111,718 | €43,570 | -€68,148 | -61.0% |
| Financial charges | 65/66B | €24,516 | €27,314 | +€2,797 | +11.4% |
| Recurring financial charges | 65 | €24,516 | €27,314 | +€2,797 | +11.4% |
| Profit (loss) for the period before taxes | 9903 | €87,202 | €16,257 | -€70,945 | -81.4% |
| Income taxes | 67/77 | €18,909 | €7,521 | -€11,388 | -60.2% |
| Profit (loss) for the period | 9904 | €68,293 | €8,736 | -€59,557 | -87.2% |
| Profit (loss) for the period to be appropriated | 9905 | €68,293 | €8,736 | -€59,557 | -87.2% |
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 10 October 2026 via checked.be.