JENI: 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.
JENI
Largest movements
- Receivables after one year +€399,548
new in 2025: €399,548
- Receivables within one year -€289,480
down €289,480 (-99.5%), from €290,998 to €1,518
of which Trade receivables: -€244,480
- Cash -€220,132
down €220,132 (-77.9%), from €282,549 to €62,417
mainly Receivables after one year (-€399,548) and Debts after one year (-€58,645)
- Tangible fixed assets -€12,527
down €12,527 (-2.9%), from €437,787 to €425,260
of which Land and buildings: -€12,308
- Debts after one year -€58,645
down €58,645 (-89.5%), from €65,558 to €6,913
of which Financial debts: -€58,599
- Trade debts -€25,645
down €25,645 (-82.4%), from €31,126 to €5,481
- Reserves -€19,195
down €19,195 (-6.6%), from €292,101 to €272,906
- Current portion of long-term debt -€18,439
down €18,439 (-23.9%), from €77,038 to €58,599
- Gross operating margin -€186,582
down €186,582, from €183,848 to -€2,734
- Taxes -€30,304
no longer reported in 2025 (was €30,304)
- Financial charges -€2,895
down €2,895 (-56.8%), from €5,101 to €2,206
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 | €1,015,612 | €893,712 | -€121,900 | -12.0% |
| Fixed assets | 21/28 | €437,832 | €425,260 | -€12,572 | -2.9% |
| Tangible fixed assets | 22/27 | €437,787 | €425,260 | -€12,527 | -2.9% |
| Land and buildings | 22 | €437,493 | €425,186 | -€12,308 | -2.8% |
| Plant, machinery and equipment | 23 | €294 | €74 | -€220 | -74.8% |
| Financial fixed assets | 28 | €45 | - | -€45 | |
| Current assets | 29/58 | €577,780 | €468,453 | -€109,328 | -18.9% |
| Amounts receivable after more than one year | 29 | - | €399,548 | +€399,548 | |
| Other amounts receivable | 291 | - | €399,548 | +€399,548 | |
| Amounts receivable within one year | 40/41 | €290,998 | €1,518 | -€289,480 | -99.5% |
| Trade receivables | 40 | €245,998 | €1,518 | -€244,480 | -99.4% |
| Other amounts receivable | 41 | €45,000 | - | -€45,000 | |
| Cash at bank and in hand | 54/58 | €282,549 | €62,417 | -€220,132 | -77.9% |
| Deferred charges and accrued income | 490/1 | €4,233 | €4,969 | +€736 | +17.4% |
| Total equity and liabilities | 10/49 | €1,015,612 | €893,712 | -€121,900 | -12.0% |
| Equity | 10/15 | €810,701 | €791,506 | -€19,195 | -2.4% |
| Contributions | 10/11 | €518,600 | €518,600 | = | 0.0% |
| Reserves | 13 | €292,101 | €272,906 | -€19,195 | -6.6% |
| Distributable reserves | 133 | €292,101 | €272,906 | -€19,195 | -6.6% |
| Amounts payable | 17/49 | €204,911 | €102,207 | -€102,705 | -50.1% |
| Amounts payable after more than one year | 17 | €65,558 | €6,913 | -€58,645 | -89.5% |
| Financial debts | 170/4 | €63,731 | €5,132 | -€58,599 | -91.9% |
| Other amounts payable | 178/9 | €1,827 | €1,781 | -€46 | -2.5% |
| Amounts payable within one year | 42/48 | €139,354 | €95,294 | -€44,060 | -31.6% |
| Current portion of amounts payable after more than one year | 42 | €77,038 | €58,599 | -€18,439 | -23.9% |
| Trade debts | 44 | €31,126 | €5,481 | -€25,645 | -82.4% |
| Suppliers | 440/4 | €31,126 | €5,481 | -€25,645 | -82.4% |
| Taxes, remuneration and social security | 45 | €31,190 | €31,214 | +€24 | +0.1% |
| Taxes | 450/3 | €31,190 | €31,214 | +€24 | +0.1% |
| Non-recurring operating income | 76A | €232,534 | €10,225 | -€222,309 | -95.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,004 | €12,527 | -€477 | -3.7% |
| Other operating charges | 640/8 | €1,679 | €1,728 | +€49 | +2.9% |
| Non-recurring operating charges | 66A | €24,792 | - | -€24,792 | |
| Gross operating margin | 9900 | €183,848 | -€2,734 | -€186,582 | |
| Operating profit (loss) | 9901 | €144,374 | -€16,989 | -€161,363 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €5,101 | €2,206 | -€2,895 | -56.8% |
| Recurring financial charges | 65 | €5,101 | €2,206 | -€2,895 | -56.8% |
| Profit (loss) for the period before taxes | 9903 | €139,273 | -€19,195 | -€158,468 | |
| Income taxes | 67/77 | €30,304 | - | -€30,304 | |
| Profit (loss) for the period | 9904 | €108,969 | -€19,195 | -€128,163 | |
| Profit (loss) for the period to be appropriated | 9905 | €108,969 | -€19,195 | -€128,163 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.