JENNARA: 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.
JENNARA
Largest movements
- Current investments +€60,000
up €60,000 (+150%), from €40,000 to €100,000
- Receivables after one year -€44,759
down €44,759 (-60.2%), from €74,321 to €29,561
- Tangible fixed assets -€9,543
down €9,543 (-6.0%), from €159,721 to €150,177
- Cash -€6,205
down €6,205 (-15.5%), from €40,094 to €33,889
mainly Current investments (-€60,000) and Other debts (-€36,400)
- Other debts -€36,400
down €36,400 (-36.2%), from €100,543 to €64,142
- Reserves +€35,263
up €35,263 (+17.8%), from €198,240 to €233,503
- Tax, wage and social debts -€5,526
down €5,526 (-21.8%), from €25,403 to €19,878
of which Remuneration and social security: -€2,799
- Gross operating margin +€32,285
up €32,285 (+82.6%), from €39,089 to €71,374
- Taxes +€9,396
up €9,396 (+169%), from €5,551 to €14,947
- Financial income -€3,853
down €3,853 (-47.2%), from €8,161 to €4,307
- Depreciation +€1,955
up €1,955 (+10.0%), from €19,562 to €21,517
- Other operating charges +€749
up €749 (+99.9%), from €750 to €1,500
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 | €349,453 | €343,546 | -€5,906 | -1.7% |
| Fixed assets | 21/28 | €160,153 | €150,421 | -€9,732 | -6.1% |
| Intangible fixed assets | 21 | €283 | €94 | -€189 | -66.9% |
| Tangible fixed assets | 22/27 | €159,721 | €150,177 | -€9,543 | -6.0% |
| Land and buildings | 22 | €95,946 | €95,726 | -€220 | -0.2% |
| Plant, machinery and equipment | 23 | €40,342 | €35,906 | -€4,437 | -11.0% |
| Furniture and vehicles | 24 | €438 | €302 | -€136 | -31.1% |
| Other tangible fixed assets | 26 | €22,995 | €18,244 | -€4,750 | -20.7% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €189,299 | €193,125 | +€3,826 | +2.0% |
| Amounts receivable after more than one year | 29 | €74,321 | €29,561 | -€44,759 | -60.2% |
| Other amounts receivable | 291 | €74,321 | €29,561 | -€44,759 | -60.2% |
| Stocks and contracts in progress | 3 | €1,015 | €1,226 | +€211 | +20.8% |
| Stocks | 30/36 | €1,015 | €1,226 | +€211 | +20.8% |
| Amounts receivable within one year | 40/41 | €30,240 | €27,294 | -€2,946 | -9.7% |
| Trade receivables | 40 | €19,647 | €15,734 | -€3,913 | -19.9% |
| Other amounts receivable | 41 | €10,593 | €11,560 | +€967 | +9.1% |
| Current investments | 50/53 | €40,000 | €100,000 | +€60,000 | +150% |
| Cash at bank and in hand | 54/58 | €40,094 | €33,889 | -€6,205 | -15.5% |
| Deferred charges and accrued income | 490/1 | €3,630 | €1,155 | -€2,475 | -68.2% |
| Total equity and liabilities | 10/49 | €349,453 | €343,546 | -€5,906 | -1.7% |
| Equity | 10/15 | €216,840 | €252,103 | +€35,263 | +16.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €198,240 | €233,503 | +€35,263 | +17.8% |
| Distributable reserves | 133 | €198,240 | €233,503 | +€35,263 | +17.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €132,613 | €91,444 | -€41,169 | -31.0% |
| Amounts payable within one year | 42/48 | €129,284 | €87,681 | -€41,603 | -32.2% |
| Trade debts | 44 | €3,338 | €3,661 | +€323 | +9.7% |
| Suppliers | 440/4 | €3,338 | €3,661 | +€323 | +9.7% |
| Taxes, remuneration and social security | 45 | €25,403 | €19,878 | -€5,526 | -21.8% |
| Taxes | 450/3 | €19,763 | €17,037 | -€2,726 | -13.8% |
| Remuneration and social security | 454/9 | €5,640 | €2,841 | -€2,799 | -49.6% |
| Other amounts payable | 47/48 | €100,543 | €64,142 | -€36,400 | -36.2% |
| Accrued charges and deferred income | 492/3 | €3,329 | €3,763 | +€434 | +13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,562 | €21,517 | +€1,955 | +10.0% |
| Other operating charges | 640/8 | €750 | €1,500 | +€749 | +99.9% |
| Non-recurring operating charges | 66A | €10,120 | €0 | -€10,120 | -100% |
| Gross operating margin | 9900 | €39,089 | €71,374 | +€32,285 | +82.6% |
| Operating profit (loss) | 9901 | €8,657 | €48,358 | +€39,701 | +459% |
| Financial income | 75/76B | €8,161 | €4,307 | -€3,853 | -47.2% |
| Recurring financial income | 75 | €8,161 | €4,307 | -€3,853 | -47.2% |
| Financial charges | 65/66B | €533 | €789 | +€256 | +48.2% |
| Recurring financial charges | 65 | €533 | €789 | +€256 | +48.2% |
| Profit (loss) for the period before taxes | 9903 | €16,285 | €51,876 | +€35,591 | +219% |
| Income taxes | 67/77 | €5,551 | €14,947 | +€9,396 | +169% |
| Profit (loss) for the period | 9904 | €10,733 | €36,929 | +€26,195 | +244% |
| Profit (loss) for the period to be appropriated | 9905 | €10,733 | €36,929 | +€26,195 | +244% |
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 14 October 2026 via checked.be.