JENDA: 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.
JENDA
Largest movements
- Tangible fixed assets -€32,335
down €32,335 (-16.3%), from €198,712 to €166,378
of which Land and buildings: -€19,457
- Cash +€6,422
up €6,422 (+103%), from €6,237 to €12,659
mainly Depreciation (+€33,035) and Advances received (+€5,370)
- Receivables within one year +€4,373
up €4,373 (+800%), from €547 to €4,920
of which Trade receivables: +€4,920
- Other debts -€22,220
down €22,220 (-15.7%), from €141,557 to €119,337
- Debts after one year -€8,099
down €8,099 (-45.4%), from €17,851 to €9,752
- Advances received +€5,370
new in 2025: €5,370
- Trade debts +€2,587
up €2,587 (+33.4%), from €7,753 to €10,340
- Gross operating margin -€9,420
down €9,420 (-19.1%), from €49,281 to €39,861
- Depreciation +€693
up €693 (+2.1%), from €32,342 to €33,035
- Taxes +€498
up €498 (+34.8%), from €1,428 to €1,926
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 | €210,904 | €189,945 | -€20,959 | -9.9% |
| Fixed assets | 21/28 | €199,212 | €166,878 | -€32,335 | -16.2% |
| Tangible fixed assets | 22/27 | €198,712 | €166,378 | -€32,335 | -16.3% |
| Land and buildings | 22 | €157,238 | €137,781 | -€19,457 | -12.4% |
| Plant, machinery and equipment | 23 | €40,599 | €28,197 | -€12,402 | -30.5% |
| Furniture and vehicles | 24 | €875 | €400 | -€475 | -54.3% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €11,692 | €23,067 | +€11,375 | +97.3% |
| Stocks and contracts in progress | 3 | €3,946 | €4,158 | +€212 | +5.4% |
| Stocks | 30/36 | €3,946 | €4,158 | +€212 | +5.4% |
| Amounts receivable within one year | 40/41 | €547 | €4,920 | +€4,373 | +800% |
| Trade receivables | 40 | - | €4,920 | +€4,920 | |
| Other amounts receivable | 41 | €547 | - | -€547 | |
| Cash at bank and in hand | 54/58 | €6,237 | €12,659 | +€6,422 | +103% |
| Deferred charges and accrued income | 490/1 | €962 | €1,330 | +€368 | +38.2% |
| Total equity and liabilities | 10/49 | €210,904 | €189,945 | -€20,959 | -9.9% |
| Equity | 10/15 | €34,030 | €34,209 | +€179 | +0.5% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,030 | €9,209 | +€179 | +2.0% |
| Amounts payable | 17/49 | €176,874 | €155,736 | -€21,138 | -12.0% |
| Amounts payable after more than one year | 17 | €17,851 | €9,752 | -€8,099 | -45.4% |
| Financial debts | 170/4 | €17,851 | €9,752 | -€8,099 | -45.4% |
| Amounts payable within one year | 42/48 | €158,429 | €145,666 | -€12,763 | -8.1% |
| Current portion of amounts payable after more than one year | 42 | €7,833 | €8,099 | +€266 | +3.4% |
| Trade debts | 44 | €7,753 | €10,340 | +€2,587 | +33.4% |
| Suppliers | 440/4 | €7,753 | €10,340 | +€2,587 | +33.4% |
| Advances received on contracts in progress | 46 | - | €5,370 | +€5,370 | |
| Taxes, remuneration and social security | 45 | €1,286 | €2,520 | +€1,234 | +95.9% |
| Taxes | 450/3 | €1,286 | €2,520 | +€1,234 | +95.9% |
| Other amounts payable | 47/48 | €141,557 | €119,337 | -€22,220 | -15.7% |
| Accrued charges and deferred income | 492/3 | €595 | €318 | -€277 | -46.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,342 | €33,035 | +€693 | +2.1% |
| Other operating charges | 640/8 | €2,026 | €2,126 | +€100 | +5.0% |
| Gross operating margin | 9900 | €49,281 | €39,861 | -€9,420 | -19.1% |
| Operating profit (loss) | 9901 | €14,914 | €4,700 | -€10,214 | -68.5% |
| Financial income | 75/76B | €9 | €10 | +€1 | +7.7% |
| Recurring financial income | 75 | €9 | €10 | +€1 | +7.7% |
| Financial charges | 65/66B | €2,945 | €2,605 | -€339 | -11.5% |
| Recurring financial charges | 65 | €2,945 | €2,605 | -€339 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | €11,978 | €2,104 | -€9,873 | -82.4% |
| Income taxes | 67/77 | €1,428 | €1,926 | +€498 | +34.8% |
| Profit (loss) for the period | 9904 | €10,550 | €179 | -€10,371 | -98.3% |
| Profit (loss) for the period to be appropriated | 9905 | €10,550 | €179 | -€10,371 | -98.3% |
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 16 October 2026 via checked.be.