JENI HOLDING: 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.
What changed
JENI HOLDING
NACE 68.122, Development of non-residential building projects
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€219,087
2024 · €3.2m-€3.0m
Equity
€12.7m
2024 · €12.5m+€219,087
Cash
€3.1m
2024 · €976,853+€2.1m
Balance sheet total
€17.4m
2024 · €14.1m+€3.3m
Largest movements
Assets
- Stocks and contracts +€2.3m
up €2.3m (+28.1%), from €8.3m to €10.6m
of which Contracts in progress: +€2.4m
- Cash +€2.1m
up €2.1m (+215%), from €976,853 to €3.1m
mainly Short-term financial debts (+€3.2m) and Receivables within one year (+€2.1m)
- Receivables within one year -€2.1m
down €2.1m (-68.0%), from €3.0m to €968,848
of which Other amounts receivable: -€2.2m
- Deferred charges and accrued income +€987,249
up €987,249 (+107%), from €922,040 to €1.9m
Equity and liabilities
- Short-term financial debts +€3.2m
up €3.2m (+358%), from €900,000 to €4.1m
- Accrued charges and deferred income -€383,283
down €383,283 (-96.9%), from €395,368 to €12,086
- Trade debts +€224,711
up €224,711 (+419%), from €53,633 to €278,344
- Reserves +€219,087
up €219,087 (+1.8%), from €12.2m to €12.4m
of which Distributable reserves: +€1.0m
Income statement
- Turnover -€12.8m
down €12.8m (-89.2%), from €14.4m to €1.6m
- Goods and materials -€3.1m
down €3.1m (-48.2%), from €6.4m to €3.3m
of which Change in stocks: decrease (increase): -€3.4m
- Services and other goods -€1.0m
down €1.0m (-51.8%), from €2.0m to €941,527
- Taxes -€979,505
down €979,505 (-93.1%), from €1.1m to €72,910
- Other operating income +€437,585
up €437,585 (+471%), from €92,906 to €530,491
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.
Result 2024
€3.2m
Turnover
-€12.8m
Other operating income
+€437,585
Goods and materials
+€3.1m
Services and other goods
+€1.0m
Depreciation
+€75
Write-downs
+€6,396
Other operating charges
+€84,556
Other operating items
+€4.2m
Financial income
-€165,954
Financial charges
+€184,657
Taxes
+€979,505
Result 2025
€219,087
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€1.1m
Investment
€0
Financing
+€3.2m
Cash 2024
€976,853
From operations (derived)
-€1.1m
Net result for the year
+€219,087
Depreciation
+€30,614
Stocks and contracts
-€2.3m
Receivables within one year
+€2.1m
Deferred charges and accrued income
-€987,249
Trade debts
+€224,711
Tax, wage and social debts
-€12,987
Other debts
+€78,400
Accrued charges and deferred income
-€383,283
Financing
+€3.2m
Debts after one year
-€10,357
Current portion of long-term debt
+€159
Short-term financial debts
+€3.2m
Cash 2025
€3.1m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,062,913 | €17,401,068 | +€3.3m | +23.7% |
| Fixed assets | 21/28 | €838,380 | €807,767 | -€30,614 | -3.7% |
| Tangible fixed assets | 22/27 | €838,380 | €807,767 | -€30,614 | -3.7% |
| Land and buildings | 22 | €826,950 | €800,165 | -€26,784 | -3.2% |
| Furniture and vehicles | 24 | €11,430 | €7,601 | -€3,829 | -33.5% |
| Current assets | 29/58 | €13,224,533 | €16,593,301 | +€3.4m | +25.5% |
| Stocks and contracts in progress | 3 | €8,301,906 | €10,634,118 | +€2.3m | +28.1% |
| Stocks | 30/36 | €8,223,704 | €8,114,371 | -€109,333 | -1.3% |
| Property held for sale | 35 | €8,223,704 | €8,114,371 | -€109,333 | -1.3% |
| Contracts in progress | 37 | €78,202 | €2,519,747 | +€2.4m | +3,122% |
| Amounts receivable within one year | 40/41 | €3,023,734 | €968,848 | -€2.1m | -68.0% |
| Trade receivables | 40 | €7,726 | €122,169 | +€114,442 | +1,481% |
| Other amounts receivable | 41 | €3,016,008 | €846,680 | -€2.2m | -71.9% |
| Cash at bank and in hand | 54/58 | €976,853 | €3,081,046 | +€2.1m | +215% |
| Deferred charges and accrued income | 490/1 | €922,040 | €1,909,289 | +€987,249 | +107% |
| Total equity and liabilities | 10/49 | €14,062,913 | €17,401,068 | +€3.3m | +23.7% |
| Equity | 10/15 | €12,461,041 | €12,680,128 | +€219,087 | +1.8% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €12,211,041 | €12,430,128 | +€219,087 | +1.8% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Legal reserve | 130 | €25,000 | €25,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,362,057 | €1,536,771 | -€825,286 | -34.9% |
| Distributable reserves | 133 | €9,823,984 | €10,868,358 | +€1.0m | +10.6% |
| Amounts payable | 17/49 | €1,601,871 | €4,720,939 | +€3.1m | +195% |
| Amounts payable after more than one year | 17 | €38,775 | €28,417 | -€10,357 | -26.7% |
| Financial debts | 170/4 | €38,775 | €28,417 | -€10,357 | -26.7% |
| Credit institutions | 173 | €38,775 | €28,417 | -€10,357 | -26.7% |
| Amounts payable within one year | 42/48 | €1,167,728 | €4,680,436 | +€3.5m | +301% |
| Current portion of amounts payable after more than one year | 42 | €10,198 | €10,357 | +€159 | +1.6% |
| Financial debts | 43 | €900,000 | €4,122,425 | +€3.2m | +358% |
| Credit institutions | 430/8 | €900,000 | €4,122,425 | +€3.2m | +358% |
| Trade debts | 44 | €53,633 | €278,344 | +€224,711 | +419% |
| Suppliers | 440/4 | €53,633 | €278,344 | +€224,711 | +419% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €18,898 | €5,910 | -€12,987 | -68.7% |
| Taxes | 450/3 | €18,898 | €5,910 | -€12,987 | -68.7% |
| Other amounts payable | 47/48 | €185,000 | €263,400 | +€78,400 | +42.4% |
| Accrued charges and deferred income | 492/3 | €395,368 | €12,086 | -€383,283 | -96.9% |
| Operating income | 70/76A | €12,709,775 | €4,524,637 | -€8.2m | -64.4% |
| Turnover | 70 | €14,393,203 | €1,552,601 | -€12.8m | -89.2% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€1,783,937 | €2,441,545 | +€4.2m | |
| Other operating income | 74 | €92,906 | €530,491 | +€437,585 | +471% |
| Non-recurring operating income | 76A | €7,603 | €0 | -€7,603 | -100% |
| Operating charges | 60/66A | €8,516,005 | €4,317,497 | -€4.2m | -49.3% |
| Goods for resale, raw materials and consumables | 60 | €6,427,701 | €3,331,165 | -€3.1m | -48.2% |
| Purchases | 600/8 | €2,891,162 | €3,221,832 | +€330,670 | +11.4% |
| Change in stocks: decrease (increase) | 609 | €3,536,539 | €109,333 | -€3.4m | -96.9% |
| Services and other goods | 61 | €1,952,472 | €941,527 | -€1.0m | -51.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,688 | €30,614 | -€75 | -0.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,396 | €0 | -€6,396 | -100% |
| Other operating charges | 640/8 | €98,747 | €14,191 | -€84,556 | -85.6% |
| Operating profit (loss) | 9901 | €4,193,770 | €207,140 | -€4.0m | -95.1% |
| Financial income | 75/76B | €381,390 | €215,436 | -€165,954 | -43.5% |
| Recurring financial income | 75 | €381,390 | €215,436 | -€165,954 | -43.5% |
| Income from financial fixed assets | 750 | - | €23,341 | +€23,341 | |
| Income from current assets | 751 | €322,399 | €156,263 | -€166,136 | -51.5% |
| Other financial income | 752/9 | €58,991 | €35,832 | -€23,158 | -39.3% |
| Financial charges | 65/66B | €315,236 | €130,579 | -€184,657 | -58.6% |
| Recurring financial charges | 65 | €315,236 | €130,579 | -€184,657 | -58.6% |
| Debt charges | 650 | €304,158 | €124,802 | -€179,357 | -59.0% |
| Other financial charges | 652/9 | €11,077 | €5,777 | -€5,300 | -47.8% |
| Profit (loss) for the period before taxes | 9903 | €4,259,925 | €291,997 | -€4.0m | -93.1% |
| Income taxes | 67/77 | €1,052,415 | €72,910 | -€979,505 | -93.1% |
| Taxes | 670/3 | €1,052,415 | €72,910 | -€979,505 | -93.1% |
| Profit (loss) for the period | 9904 | €3,207,509 | €219,087 | -€3.0m | -93.2% |
| Transfer from tax-exempt reserves | 789 | €0 | €926,326 | +€926,326 | |
| Transfer to tax-exempt reserves | 689 | €999,997 | €1,027,366 | +€27,369 | +2.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,207,512 | €118,047 | -€2.1m | -94.7% |
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 31 October 2026 via checked.be.