JENKAEL: 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.
JENKAEL
Largest movements
- Tangible fixed assets +€234,380
up €234,380 (+95.3%), from €245,976 to €480,355
of which Land and buildings: +€235,032
- Receivables within one year +€13,763
new in 2025: €13,763
- Debts after one year +€158,235
up €158,235 (+358%), from €44,149 to €202,383
- Other debts +€72,596
up €72,596 (+67.3%), from €107,892 to €180,488
- Current portion of long-term debt +€20,056
up €20,056 (+183%), from €10,956 to €31,012
- Gross operating margin -€4,813
down €4,813 (-12.7%), from €37,822 to €33,009
- Financial charges +€3,494
up €3,494 (+33.6%), from €10,398 to €13,892
- Taxes -€1,795
down €1,795 (-41.5%), from €4,322 to €2,527
- Depreciation +€1,776
up €1,776 (+13.8%), from €12,881 to €14,657
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 | €247,476 | €494,642 | +€247,166 | +99.9% |
| Fixed assets | 21/28 | €245,976 | €480,355 | +€234,380 | +95.3% |
| Tangible fixed assets | 22/27 | €245,976 | €480,355 | +€234,380 | +95.3% |
| Land and buildings | 22 | €245,323 | €480,355 | +€235,032 | +95.8% |
| Furniture and vehicles | 24 | €652 | €0 | -€652 | -100% |
| Current assets | 29/58 | €1,501 | €14,287 | +€12,786 | +852% |
| Amounts receivable within one year | 40/41 | - | €13,763 | +€13,763 | |
| Other amounts receivable | 41 | - | €13,763 | +€13,763 | |
| Cash at bank and in hand | 54/58 | €1,501 | €524 | -€977 | -65.1% |
| Total equity and liabilities | 10/49 | €247,476 | €494,642 | +€247,166 | +99.9% |
| Equity | 10/15 | €71,383 | €69,024 | -€2,359 | -3.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €52,783 | €50,424 | -€2,359 | -4.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €50,923 | €48,564 | -€2,359 | -4.6% |
| Amounts payable | 17/49 | €176,094 | €425,618 | +€249,525 | +142% |
| Amounts payable after more than one year | 17 | €44,149 | €202,383 | +€158,235 | +358% |
| Financial debts | 170/4 | €44,149 | €202,383 | +€158,235 | +358% |
| Amounts payable within one year | 42/48 | €131,945 | €223,235 | +€91,290 | +69.2% |
| Current portion of amounts payable after more than one year | 42 | €10,956 | €31,012 | +€20,056 | +183% |
| Trade debts | 44 | €1,296 | €968 | -€328 | -25.3% |
| Suppliers | 440/4 | €1,296 | €968 | -€328 | -25.3% |
| Taxes, remuneration and social security | 45 | €11,802 | €10,767 | -€1,035 | -8.8% |
| Taxes | 450/3 | €11,802 | €10,767 | -€1,035 | -8.8% |
| Other amounts payable | 47/48 | €107,892 | €180,488 | +€72,596 | +67.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,881 | €14,657 | +€1,776 | +13.8% |
| Other operating charges | 640/8 | €4,120 | €4,292 | +€172 | +4.2% |
| Gross operating margin | 9900 | €37,822 | €33,009 | -€4,813 | -12.7% |
| Operating profit (loss) | 9901 | €20,821 | €14,060 | -€6,761 | -32.5% |
| Financial charges | 65/66B | €10,398 | €13,892 | +€3,494 | +33.6% |
| Recurring financial charges | 65 | €10,398 | €13,892 | +€3,494 | +33.6% |
| Profit (loss) for the period before taxes | 9903 | €10,424 | €168 | -€10,256 | -98.4% |
| Income taxes | 67/77 | €4,322 | €2,527 | -€1,795 | -41.5% |
| Profit (loss) for the period | 9904 | €6,102 | -€2,359 | -€8,461 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,102 | -€2,359 | -€8,461 |
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 20 October 2026 via checked.be.