JENCO: what changed
Two fiscal 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.
JENCO
Largest movements
- Tangible fixed assets -€43,974
down €43,974 (-47.6%), from €92,480 to €48,505
of which Land and buildings: -€27,538
- Receivables after one year -€28,886
down €28,886 (-68.4%), from €42,204 to €13,318
- Receivables within one year +€7,760
up €7,760 (+35.2%), from €22,031 to €29,792
of which Other amounts receivable: +€7,567
- Cash -€6,422
down €6,422 (-86.2%), from €7,452 to €1,030
mainly Debts after one year (-€44,524) and Net result for the year (-€33,416)
- Debts after one year -€44,524
down €44,524 (-79.3%), from €56,169 to €11,645
- Profit (loss) carried forward -€33,416
down €33,416 (-330.6%), from -€10,107 to -€43,523
- Other debts +€5,783
up €5,783 (+61.5%), from €9,397 to €15,179
- Trade debts -€5,455
down €5,455 (-21.3%), from €25,633 to €20,177
- Current portion of long-term debt +€2,072
up €2,072 (+4.9%), from €42,452 to €44,524
- Gross operating margin -€68,312
down €68,312 (-35.8%), from €190,666 to €122,354
- Staff costs -€40,062
down €40,062 (-28.1%), from €142,758 to €102,696
- Financial charges -€2,367
down €2,367 (-34.2%), from €6,926 to €4,559
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 | €178,599 | €105,439 | -€73,160 | -41.0% |
| Fixed assets | 21/28 | €92,480 | €48,505 | -€43,974 | -47.6% |
| Tangible fixed assets | 22/27 | €92,480 | €48,505 | -€43,974 | -47.6% |
| Land and buildings | 22 | €48,045 | €20,507 | -€27,538 | -57.3% |
| Plant, machinery and equipment | 23 | €14,433 | €12,641 | -€1,792 | -12.4% |
| Furniture and vehicles | 24 | €6,387 | €4,437 | -€1,950 | -30.5% |
| Leasing and similar rights | 25 | €23,614 | €10,920 | -€12,694 | -53.8% |
| Current assets | 29/58 | €86,120 | €56,934 | -€29,186 | -33.9% |
| Amounts receivable after more than one year | 29 | €42,204 | €13,318 | -€28,886 | -68.4% |
| Other amounts receivable | 291 | €42,204 | €13,318 | -€28,886 | -68.4% |
| Stocks and contracts in progress | 3 | €10,083 | €8,467 | -€1,616 | -16.0% |
| Stocks | 30/36 | €10,083 | €8,467 | -€1,616 | -16.0% |
| Amounts receivable within one year | 40/41 | €22,031 | €29,792 | +€7,760 | +35.2% |
| Trade receivables | 40 | €21,253 | €21,446 | +€193 | +0.9% |
| Other amounts receivable | 41 | €778 | €8,346 | +€7,567 | +972.1% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €7,452 | €1,030 | -€6,422 | -86.2% |
| Deferred charges and accrued income | 490/1 | €4,350 | €4,327 | -€23 | -0.5% |
| Total equity and liabilities | 10/49 | €178,599 | €105,439 | -€73,160 | -41.0% |
| Equity | 10/15 | €14,750 | -€18,666 | -€33,416 | |
| Contributions | 10/11 | €17,761 | €17,761 | = | 0.0% |
| Reserves | 13 | €7,096 | €7,096 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €7,096 | €7,096 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,107 | -€43,523 | -€33,416 | -330.6% |
| Amounts payable | 17/49 | €163,849 | €124,106 | -€39,744 | -24.3% |
| Amounts payable after more than one year | 17 | €56,169 | €11,645 | -€44,524 | -79.3% |
| Financial debts | 170/4 | €56,169 | €11,645 | -€44,524 | -79.3% |
| Amounts payable within one year | 42/48 | €107,681 | €112,461 | +€4,780 | +4.4% |
| Current portion of amounts payable after more than one year | 42 | €42,452 | €44,524 | +€2,072 | +4.9% |
| Financial debts | 43 | €5,950 | €6,920 | +€970 | +16.3% |
| Credit institutions | 430/8 | €5,950 | €6,920 | +€970 | +16.3% |
| Trade debts | 44 | €25,633 | €20,177 | -€5,455 | -21.3% |
| Suppliers | 440/4 | €25,633 | €20,177 | -€5,455 | -21.3% |
| Taxes, remuneration and social security | 45 | €24,250 | €25,661 | +€1,411 | +5.8% |
| Taxes | 450/3 | €12,793 | €10,556 | -€2,237 | -17.5% |
| Remuneration and social security | 454/9 | €11,457 | €15,105 | +€3,648 | +31.8% |
| Other amounts payable | 47/48 | €9,397 | €15,179 | +€5,783 | +61.5% |
| Remuneration, social security and pensions | 62 | €142,758 | €102,696 | -€40,062 | -28.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,682 | €46,325 | +€643 | +1.4% |
| Other operating charges | 640/8 | €2,425 | €2,368 | -€57 | -2.4% |
| Gross operating margin | 9900 | €190,666 | €122,354 | -€68,312 | -35.8% |
| Operating profit (loss) | 9901 | -€199 | -€29,035 | -€28,836 | -14516.1% |
| Financial income | 75/76B | €731 | €331 | -€399 | -54.6% |
| Recurring financial income | 75 | €731 | €331 | -€399 | -54.6% |
| Financial charges | 65/66B | €6,926 | €4,559 | -€2,367 | -34.2% |
| Recurring financial charges | 65 | €6,926 | €4,559 | -€2,367 | -34.2% |
| Profit (loss) for the period before taxes | 9903 | -€6,394 | -€33,262 | -€26,869 | -420.2% |
| Income taxes | 67/77 | €83 | €154 | +€71 | +86.2% |
| Profit (loss) for the period | 9904 | -€6,476 | -€33,416 | -€26,940 | -416.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,476 | -€33,416 | -€26,940 | -416.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.