JEND: 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.
JEND
Largest movements
- Cash +€5,369
up €5,369 (+31.0%), from €17,345 to €22,714
mainly Other debts (+€27,274) and Tax, wage and social debts (+€7,943)
- Receivables within one year -€4,304
down €4,304 (-50.0%), from €8,608 to €4,305
of which Other amounts receivable: -€4,282
- Intangible fixed assets -€3,700
down €3,700 (-12.1%), from €30,689 to €26,989
- Stocks and contracts +€3,545
up €3,545 (+3.2%), from €110,317 to €113,862
- Trade debts -€35,749
down €35,749 (-67.4%), from €53,033 to €17,284
- Other debts +€27,274
up €27,274 (+26.5%), from €102,795 to €130,069
- Tax, wage and social debts +€7,943
up €7,943 (+239%), from €3,324 to €11,267
of which Remuneration and social security: +€9,504
- Staff costs -€67,435
down €67,435 (-93.6%), from €72,054 to €4,619
- Gross operating margin -€64,049
down €64,049 (-80.6%), from €79,475 to €15,425
- Other operating charges +€1,949
up €1,949 (+304%), from €641 to €2,590
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 | €171,508 | €172,480 | +€972 | +0.6% |
| Fixed assets | 21/28 | €35,189 | €31,489 | -€3,700 | -10.5% |
| Intangible fixed assets | 21 | €30,689 | €26,989 | -€3,700 | -12.1% |
| Financial fixed assets | 28 | €4,500 | €4,500 | = | 0.0% |
| Current assets | 29/58 | €136,319 | €140,991 | +€4,672 | +3.4% |
| Stocks and contracts in progress | 3 | €110,317 | €113,862 | +€3,545 | +3.2% |
| Stocks | 30/36 | €110,317 | €113,862 | +€3,545 | +3.2% |
| Amounts receivable within one year | 40/41 | €8,608 | €4,305 | -€4,304 | -50.0% |
| Trade receivables | 40 | €22 | €0 | -€22 | -100% |
| Other amounts receivable | 41 | €8,587 | €4,305 | -€4,282 | -49.9% |
| Cash at bank and in hand | 54/58 | €17,345 | €22,714 | +€5,369 | +31.0% |
| Deferred charges and accrued income | 490/1 | €48 | €110 | +€62 | +128% |
| Total equity and liabilities | 10/49 | €171,508 | €172,480 | +€972 | +0.6% |
| Equity | 10/15 | €10,957 | €12,461 | +€1,504 | +13.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €2,372 | €2,372 | = | 0.0% |
| Distributable reserves | 133 | €2,372 | €2,372 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,585 | €7,089 | +€1,504 | +26.9% |
| Amounts payable | 17/49 | €160,551 | €160,019 | -€532 | -0.3% |
| Amounts payable within one year | 42/48 | €159,151 | €158,619 | -€532 | -0.3% |
| Trade debts | 44 | €53,033 | €17,284 | -€35,749 | -67.4% |
| Suppliers | 440/4 | €53,033 | €17,284 | -€35,749 | -67.4% |
| Taxes, remuneration and social security | 45 | €3,324 | €11,267 | +€7,943 | +239% |
| Taxes | 450/3 | €2,247 | €686 | -€1,561 | -69.5% |
| Remuneration and social security | 454/9 | €1,077 | €10,581 | +€9,504 | +882% |
| Other amounts payable | 47/48 | €102,795 | €130,069 | +€27,274 | +26.5% |
| Accrued charges and deferred income | 492/3 | €1,400 | €1,400 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €72,054 | €4,619 | -€67,435 | -93.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,700 | €3,700 | = | 0.0% |
| Other operating charges | 640/8 | €641 | €2,590 | +€1,949 | +304% |
| Gross operating margin | 9900 | €79,475 | €15,425 | -€64,049 | -80.6% |
| Operating profit (loss) | 9901 | €3,080 | €4,517 | +€1,437 | +46.7% |
| Financial charges | 65/66B | €2,846 | €2,604 | -€242 | -8.5% |
| Recurring financial charges | 65 | €2,846 | €2,604 | -€242 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | €234 | €1,913 | +€1,679 | +717% |
| Income taxes | 67/77 | €58 | €408 | +€350 | +598% |
| Profit (loss) for the period | 9904 | €175 | €1,504 | +€1,329 | +757% |
| Profit (loss) for the period to be appropriated | 9905 | €175 | €1,504 | +€1,329 | +757% |
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.