JENDELL: what changed
What changed
JENDELL
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€43,204
2024 · €331,944-€288,740
Equity
€1.3m
2024 · €1.2m+€43,204
Cash
€993,687
2024 · €28,474+€965,213
Balance sheet total
€2.3m
2024 · €2.3m+€12,842
Largest movements
Assets
- Cash +€965,213
up €965,213 (+3,390%), from €28,474 to €993,687
mainly Current investments (+€935,980) and Depreciation (+€43,234)
- Current investments -€935,980
down €935,980 (-100%), from €935,980 to €0
- Receivables within one year +€37,196
up €37,196 (+87.1%), from €42,695 to €79,890
of which Trade receivables: +€37,224
- Tangible fixed assets -€29,684
down €29,684 (-2.3%), from €1.3m to €1.2m
of which Land and buildings: -€27,892
- Deferred charges and accrued income -€23,902
down €23,902 (-72.0%), from €33,211 to €9,308
Equity and liabilities
- Profit (loss) carried forward +€43,204
up €43,204 (+12.5%), from €345,326 to €388,530
- Debts after one year -€40,000
down €40,000 (-48.9%), from €81,740 to €41,740
of which Financial debts: -€40,000
Income statement
- Services and other goods -€23,687
down €23,687 (-8.6%), from €274,936 to €251,249
- Turnover -€19,556
down €19,556 (-4.6%), from €423,474 to €403,918
- Other operating charges -€9,296
down €9,296 (-39.8%), from €23,385 to €14,089
- Financial income -€9,007
down €9,007 (-17.3%), from €51,992 to €42,985
- Taxes +€8,032
up €8,032 (+40.4%), from €19,874 to €27,906
of which Taxes: +€7,669
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€331,944
Turnover
-€19,556
Other operating income
+€2,980
Services and other goods
+€23,687
Depreciation
-€2,654
Other operating charges
+€9,296
Other operating items
-€380,685
Financial income
-€9,007
Financial charges
+€2,718
Taxes
-€8,032
Deferred taxes and other
+€92,512
Result 2025
€43,204
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€82,783
Investment
+€922,430
Financing
-€40,000
Cash 2024
€28,474
From operations (derived)
+€82,783
Net result for the year
+€43,204
Depreciation
+€43,234
Receivables within one year
-€37,196
Deferred charges and accrued income
+€23,902
Trade debts
+€1,609
Tax, wage and social debts
+€5,597
Other debts
+€10,213
Accrued charges and deferred income
-€7,780
Investment (derived)
+€922,430
Investment in fixed assets (net)
-€13,550
Current investments
+€935,980
Financing
-€40,000
Debts after one year
-€40,000
Cash 2025
€993,687
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,316,013 | €2,328,855 | +€12,842 | +0.6% |
| Fixed assets | 21/28 | €1,275,654 | €1,245,970 | -€29,684 | -2.3% |
| Tangible fixed assets | 22/27 | €1,275,654 | €1,245,970 | -€29,684 | -2.3% |
| Land and buildings | 22 | €1,259,181 | €1,231,289 | -€27,892 | -2.2% |
| Plant, machinery and equipment | 23 | €738 | €899 | +€160 | +21.7% |
| Furniture and vehicles | 24 | €15,735 | €13,783 | -€1,952 | -12.4% |
| Current assets | 29/58 | €1,040,359 | €1,082,885 | +€42,526 | +4.1% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €42,695 | €79,890 | +€37,196 | +87.1% |
| Trade receivables | 40 | €42,667 | €79,890 | +€37,224 | +87.2% |
| Other amounts receivable | 41 | €28 | €0 | -€28 | -100% |
| Current investments | 50/53 | €935,980 | €0 | -€935,980 | -100% |
| Other investments | 51/53 | €935,980 | €0 | -€935,980 | -100% |
| Cash at bank and in hand | 54/58 | €28,474 | €993,687 | +€965,213 | +3,390% |
| Deferred charges and accrued income | 490/1 | €33,211 | €9,308 | -€23,902 | -72.0% |
| Total equity and liabilities | 10/49 | €2,316,013 | €2,328,855 | +€12,842 | +0.6% |
| Equity | 10/15 | €1,228,437 | €1,271,640 | +€43,204 | +3.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €864,511 | €864,511 | = | 0.0% |
| Tax-exempt reserves | 132 | €282,651 | €282,651 | = | 0.0% |
| Distributable reserves | 133 | €581,860 | €581,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €345,326 | €388,530 | +€43,204 | +12.5% |
| Provisions and deferred taxes | 16 | €92,512 | €92,512 | = | 0.0% |
| Deferred taxes | 168 | €92,512 | €92,512 | = | 0.0% |
| Amounts payable | 17/49 | €995,064 | €964,702 | -€30,362 | -3.1% |
| Amounts payable after more than one year | 17 | €81,740 | €41,740 | -€40,000 | -48.9% |
| Financial debts | 170/4 | €80,000 | €40,000 | -€40,000 | -50.0% |
| Credit institutions | 173 | €80,000 | €40,000 | -€40,000 | -50.0% |
| Other amounts payable | 178/9 | €1,740 | €1,740 | = | 0.0% |
| Amounts payable within one year | 42/48 | €905,479 | €922,897 | +€17,418 | +1.9% |
| Current portion of amounts payable after more than one year | 42 | €40,000 | €40,000 | = | 0.0% |
| Trade debts | 44 | €10,655 | €12,263 | +€1,609 | +15.1% |
| Suppliers | 440/4 | €10,655 | €12,263 | +€1,609 | +15.1% |
| Taxes, remuneration and social security | 45 | €14,764 | €20,361 | +€5,597 | +37.9% |
| Taxes | 450/3 | €14,764 | €20,361 | +€5,597 | +37.9% |
| Other amounts payable | 47/48 | €840,060 | €850,273 | +€10,213 | +1.2% |
| Accrued charges and deferred income | 492/3 | €7,845 | €65 | -€7,780 | -99.2% |
| Operating income | 70/76A | €808,445 | €411,184 | -€397,261 | -49.1% |
| Turnover | 70 | €423,474 | €403,918 | -€19,556 | -4.6% |
| Other operating income | 74 | €1,422 | €4,402 | +€2,980 | +210% |
| Non-recurring operating income | 76A | €383,550 | €2,865 | -€380,685 | -99.3% |
| Operating charges | 60/66A | €338,902 | €308,573 | -€30,329 | -8.9% |
| Services and other goods | 61 | €274,936 | €251,249 | -€23,687 | -8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,581 | €43,234 | +€2,654 | +6.5% |
| Other operating charges | 640/8 | €23,385 | €14,089 | -€9,296 | -39.8% |
| Operating profit (loss) | 9901 | €469,543 | €102,611 | -€366,932 | -78.1% |
| Financial income | 75/76B | €51,992 | €42,985 | -€9,007 | -17.3% |
| Recurring financial income | 75 | €51,992 | €42,985 | -€9,007 | -17.3% |
| Income from current assets | 751 | €23,792 | €19,458 | -€4,334 | -18.2% |
| Other financial income | 752/9 | €28,200 | €23,527 | -€4,673 | -16.6% |
| Financial charges | 65/66B | €77,204 | €74,486 | -€2,718 | -3.5% |
| Recurring financial charges | 65 | €77,204 | €74,486 | -€2,718 | -3.5% |
| Debt charges | 650 | €76,865 | €40,141 | -€36,724 | -47.8% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | -€438 | €0 | +€438 | |
| Other financial charges | 652/9 | €777 | €34,345 | +€33,568 | +4,319% |
| Profit (loss) for the period before taxes | 9903 | €444,331 | €71,110 | -€373,221 | -84.0% |
| Transfer to deferred taxes | 680 | €92,512 | €0 | -€92,512 | -100% |
| Income taxes | 67/77 | €19,874 | €27,906 | +€8,032 | +40.4% |
| Taxes | 670/3 | €20,237 | €27,906 | +€7,669 | +37.9% |
| Tax adjustments and reversals of tax provisions | 77 | €364 | €0 | -€364 | -100% |
| Profit (loss) for the period | 9904 | €331,944 | €43,204 | -€288,740 | -87.0% |
| Transfer to tax-exempt reserves | 689 | €277,537 | €0 | -€277,537 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €54,407 | €43,204 | -€11,203 | -20.6% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.