JENI PROJECTEN: 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 PROJECTEN
NACE 68.122, Development of non-residential building projects
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€1.1m
2024 · €636,853-€1.7m
Equity
€8.8m
2024 · €5.9m+€2.9m
Cash
€256,013
2024 · €2.0m-€1.7m
Balance sheet total
€38.9m
2024 · €30.2m+€8.6m
Largest movements
Assets
- Financial fixed assets +€8.0m
up €8.0m (+97.0%), from €8.2m to €16.2m
of which Affiliated companies: +€8.0m
- Receivables within one year +€2.4m
up €2.4m (+52.1%), from €4.5m to €6.9m
of which Trade receivables: +€1.7m
- Cash -€1.7m
down €1.7m (-87.1%), from €2.0m to €256,013
mainly Investment in fixed assets (net) (-€8.0m) and Debts after one year (-€3.7m)
Equity and liabilities
- Short-term financial debts +€6.0m
up €6.0m (+48.5%), from €12.3m to €18.2m
- Contributions +€3.9m
up €3.9m (+262%), from €1.5m to €5.4m
- Debts after one year -€3.7m
down €3.7m (-78.4%), from €4.7m to €1.0m
- Other debts +€2.7m
up €2.7m (+45.7%), from €6.0m to €8.8m
- Profit (loss) carried forward -€1.1m
down €1.1m (-42.8%), from €2.5m to €1.4m
Income statement
- Turnover -€8.6m
down €8.6m (-71.6%), from €12.1m to €3.4m
- Goods and materials -€6.5m
down €6.5m (-76.9%), from €8.4m to €1.9m
of which Purchases: -€4.7m
- Other operating income +€291,575
up €291,575 (+230%), from €126,824 to €418,399
- Other operating charges -€256,460
down €256,460 (-72.0%), from €356,041 to €99,581
- Taxes -€203,628
down €203,628 (-100%), from €203,628 to €0
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
€636,853
Turnover
-€8.6m
Other operating income
+€291,575
Goods and materials
+€6.5m
Services and other goods
-€95,605
Other operating charges
+€256,460
Other operating items
-€362,493
Financial income
+€122,618
Financial charges
+€43,052
Taxes
+€203,628
Result 2025
-€1.1m
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
+€44,599
Investment
-€8.0m
Financing
+€6.2m
Cash 2024
€2.0m
From operations (derived)
+€44,599
Net result for the year
-€1.1m
Stocks and contracts
-€72,727
Receivables within one year
-€2.4m
Deferred charges and accrued income
+€25,985
Trade debts
+€958,544
Tax, wage and social debts
-€70,099
Other debts
+€2.7m
Accrued charges and deferred income
-€111,616
Investment (derived)
-€8.0m
Investment in fixed assets (net)
-€8.0m
Financing
+€6.2m
Debts after one year
-€3.7m
Short-term financial debts
+€6.0m
Contributions, distributions and other
+€3.9m
Cash 2025
€256,013
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €30,217,066 | €38,854,922 | +€8.6m | +28.6% |
| Fixed assets | 21/28 | €8,209,708 | €16,163,455 | +€8.0m | +96.9% |
| Tangible fixed assets | 22/27 | €4,929 | €0 | -€4,929 | -100% |
| Furniture and vehicles | 24 | €4,929 | €0 | -€4,929 | -100% |
| Financial fixed assets | 28 | €8,204,779 | €16,163,455 | +€8.0m | +97.0% |
| Affiliated companies | 280/1 | €8,200,779 | €16,159,455 | +€8.0m | +97.0% |
| Participating interests | 280 | €8,200,779 | €16,159,455 | +€8.0m | +97.0% |
| Other financial fixed assets | 284/8 | €4,000 | €4,000 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €4,000 | €4,000 | = | 0.0% |
| Current assets | 29/58 | €22,007,359 | €22,691,468 | +€684,109 | +3.1% |
| Stocks and contracts in progress | 3 | €15,197,281 | €15,270,008 | +€72,727 | +0.5% |
| Stocks | 30/36 | €13,230,207 | €13,867,077 | +€636,870 | +4.8% |
| Property held for sale | 35 | €13,230,207 | €13,867,077 | +€636,870 | +4.8% |
| Contracts in progress | 37 | €1,967,074 | €1,402,931 | -€564,142 | -28.7% |
| Amounts receivable within one year | 40/41 | €4,542,540 | €6,908,279 | +€2.4m | +52.1% |
| Trade receivables | 40 | €247,464 | €1,949,243 | +€1.7m | +688% |
| Other amounts receivable | 41 | €4,295,076 | €4,959,036 | +€663,960 | +15.5% |
| Cash at bank and in hand | 54/58 | €1,984,385 | €256,013 | -€1.7m | -87.1% |
| Deferred charges and accrued income | 490/1 | €283,153 | €257,168 | -€25,985 | -9.2% |
| Total equity and liabilities | 10/49 | €30,217,066 | €38,854,922 | +€8.6m | +28.6% |
| Equity | 10/15 | €5,932,578 | €8,788,984 | +€2.9m | +48.1% |
| Contributions | 10/11 | €1,500,000 | €5,423,178 | +€3.9m | +262% |
| Capital | 10 | €1,500,000 | €5,423,178 | +€3.9m | +262% |
| Issued capital | 100 | €1,500,000 | €5,423,178 | +€3.9m | +262% |
| Reserves | 13 | €1,939,250 | €1,939,250 | = | 0.0% |
| Non-distributable reserves | 130/1 | €150,000 | €150,000 | = | 0.0% |
| Legal reserve | 130 | €150,000 | €150,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,789,250 | €1,010,400 | -€778,850 | -43.5% |
| Distributable reserves | 133 | - | €778,850 | +€778,850 | |
| Profit (loss) carried forward | 14 | €2,493,328 | €1,426,556 | -€1.1m | -42.8% |
| Amounts payable | 17/49 | €24,284,488 | €30,065,939 | +€5.8m | +23.8% |
| Amounts payable after more than one year | 17 | €4,714,627 | €1,019,187 | -€3.7m | -78.4% |
| Financial debts | 170/4 | €4,714,627 | €1,019,187 | -€3.7m | -78.4% |
| Other loans | 174 | €4,714,627 | €1,019,187 | -€3.7m | -78.4% |
| Amounts payable within one year | 42/48 | €19,387,703 | €28,976,210 | +€9.6m | +49.5% |
| Financial debts | 43 | €12,286,824 | €18,239,862 | +€6.0m | +48.5% |
| Credit institutions | 430/8 | €12,286,824 | €18,239,862 | +€6.0m | +48.5% |
| Trade debts | 44 | €1,014,251 | €1,972,795 | +€958,544 | +94.5% |
| Suppliers | 440/4 | €1,014,251 | €1,972,795 | +€958,544 | +94.5% |
| Taxes, remuneration and social security | 45 | €70,099 | €0 | -€70,099 | -100% |
| Taxes | 450/3 | €70,099 | €0 | -€70,099 | -100% |
| Other amounts payable | 47/48 | €6,016,528 | €8,763,553 | +€2.7m | +45.7% |
| Accrued charges and deferred income | 492/3 | €182,158 | €70,542 | -€111,616 | -61.3% |
| Operating income | 70/76A | €11,999,902 | €3,310,013 | -€8.7m | -72.4% |
| Turnover | 70 | €12,050,507 | €3,426,607 | -€8.6m | -71.6% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€177,429 | -€534,992 | -€357,564 | -202% |
| Other operating income | 74 | €126,824 | €418,399 | +€291,575 | +230% |
| Operating charges | 60/66A | €10,049,882 | €3,432,916 | -€6.6m | -65.8% |
| Goods for resale, raw materials and consumables | 60 | €8,407,128 | €1,946,088 | -€6.5m | -76.9% |
| Purchases | 600/8 | €7,243,515 | €2,582,958 | -€4.7m | -64.3% |
| Change in stocks: decrease (increase) | 609 | €1,163,613 | -€636,870 | -€1.8m | |
| Services and other goods | 61 | €1,286,713 | €1,382,318 | +€95,605 | +7.4% |
| Other operating charges | 640/8 | €356,041 | €99,581 | -€256,460 | -72.0% |
| Non-recurring operating charges | 66A | - | €4,929 | +€4,929 | |
| Operating profit (loss) | 9901 | €1,950,021 | -€122,903 | -€2.1m | |
| Financial income | 75/76B | €260,465 | €383,083 | +€122,618 | +47.1% |
| Recurring financial income | 75 | €260,465 | €383,083 | +€122,618 | +47.1% |
| Income from current assets | 751 | €257,718 | €352,555 | +€94,838 | +36.8% |
| Other financial income | 752/9 | €2,747 | €30,528 | +€27,781 | +1,011% |
| Financial charges | 65/66B | €1,370,005 | €1,326,953 | -€43,052 | -3.1% |
| Recurring financial charges | 65 | €1,370,005 | €1,326,953 | -€43,052 | -3.1% |
| Debt charges | 650 | €1,367,454 | €1,319,346 | -€48,108 | -3.5% |
| Other financial charges | 652/9 | €2,551 | €7,607 | +€5,056 | +198% |
| Profit (loss) for the period before taxes | 9903 | €840,481 | -€1,066,772 | -€1.9m | |
| Income taxes | 67/77 | €203,628 | €0 | -€203,628 | -100% |
| Taxes | 670/3 | €203,628 | €0 | -€203,628 | -100% |
| Profit (loss) for the period | 9904 | €636,853 | -€1,066,772 | -€1.7m | |
| Transfer from tax-exempt reserves | 789 | - | €778,850 | +€778,850 | |
| Transfer to tax-exempt reserves | 689 | €646,786 | €778,850 | +€132,064 | +20.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,933 | -€1,066,772 | -€1.1m | -10,639% |
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 19 October 2026 via checked.be.