JENNE WILFRIED: 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.
JENNE WILFRIED
Largest movements
- Cash +€78,265
up €78,265 (+52.0%), from €150,492 to €228,757
mainly Net result for the year (+€64,749) and Depreciation (+€17,606)
- Tangible fixed assets -€17,606
down €17,606 (-48.8%), from €36,051 to €18,445
of which Plant, machinery and equipment: -€11,185
- Receivables within one year +€6,565
up €6,565 (+4.6%), from €144,002 to €150,567
of which Trade receivables: +€10,042
- Reserves +€64,749
up €64,749 (+29.2%), from €221,518 to €286,267
- Tax, wage and social debts +€8,374
up €8,374 (+283%), from €2,960 to €11,334
of which Taxes: +€8,374
- Gross operating margin +€53,062
up €53,062 (+86.6%), from €61,265 to €114,327
- Taxes +€19,314
up €19,314 (+338%), from €5,707 to €25,020
- Depreciation -€13,795
down €13,795 (-43.9%), from €31,401 to €17,606
- Financial charges -€1,215
down €1,215 (-14.2%), from €8,558 to €7,343
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 | €353,342 | €424,664 | +€71,322 | +20.2% |
| Fixed assets | 21/28 | €36,601 | €18,995 | -€17,606 | -48.1% |
| Tangible fixed assets | 22/27 | €36,051 | €18,445 | -€17,606 | -48.8% |
| Plant, machinery and equipment | 23 | €11,220 | €35 | -€11,185 | -99.7% |
| Furniture and vehicles | 24 | €24,831 | €18,410 | -€6,421 | -25.9% |
| Financial fixed assets | 28 | €550 | €550 | = | 0.0% |
| Current assets | 29/58 | €316,741 | €405,668 | +€88,927 | +28.1% |
| Stocks and contracts in progress | 3 | €12,807 | €15,004 | +€2,197 | +17.2% |
| Stocks | 30/36 | €12,807 | €7,515 | -€5,292 | -41.3% |
| Contracts in progress | 37 | - | €7,489 | +€7,489 | |
| Amounts receivable within one year | 40/41 | €144,002 | €150,567 | +€6,565 | +4.6% |
| Trade receivables | 40 | €139,705 | €149,747 | +€10,042 | +7.2% |
| Other amounts receivable | 41 | €4,296 | €819 | -€3,477 | -80.9% |
| Cash at bank and in hand | 54/58 | €150,492 | €228,757 | +€78,265 | +52.0% |
| Deferred charges and accrued income | 490/1 | €9,441 | €11,341 | +€1,900 | +20.1% |
| Total equity and liabilities | 10/49 | €353,342 | €424,664 | +€71,322 | +20.2% |
| Equity | 10/15 | €240,118 | €304,867 | +€64,749 | +27.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €221,518 | €286,267 | +€64,749 | +29.2% |
| Distributable reserves | 133 | €221,518 | €286,267 | +€64,749 | +29.2% |
| Amounts payable | 17/49 | €113,224 | €119,797 | +€6,573 | +5.8% |
| Amounts payable within one year | 42/48 | €105,277 | €112,948 | +€7,671 | +7.3% |
| Trade debts | 44 | €6,305 | €4,400 | -€1,905 | -30.2% |
| Suppliers | 440/4 | €6,305 | €4,400 | -€1,905 | -30.2% |
| Taxes, remuneration and social security | 45 | €2,960 | €11,334 | +€8,374 | +283% |
| Taxes | 450/3 | €960 | €9,334 | +€8,374 | +872% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €96,012 | €97,214 | +€1,202 | +1.3% |
| Accrued charges and deferred income | 492/3 | €7,947 | €6,849 | -€1,098 | -13.8% |
| Non-recurring operating income | 76A | €60 | - | -€60 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,401 | €17,606 | -€13,795 | -43.9% |
| Other operating charges | 640/8 | €1,580 | €1,120 | -€460 | -29.1% |
| Gross operating margin | 9900 | €61,265 | €114,327 | +€53,062 | +86.6% |
| Operating profit (loss) | 9901 | €28,284 | €95,601 | +€67,317 | +238% |
| Financial income | 75/76B | €1,216 | €1,511 | +€294 | +24.2% |
| Recurring financial income | 75 | €1,216 | €1,511 | +€294 | +24.2% |
| Financial charges | 65/66B | €8,558 | €7,343 | -€1,215 | -14.2% |
| Recurring financial charges | 65 | €8,558 | €7,343 | -€1,215 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | €20,942 | €89,769 | +€68,827 | +329% |
| Income taxes | 67/77 | €5,707 | €25,020 | +€19,314 | +338% |
| Profit (loss) for the period | 9904 | €15,235 | €64,749 | +€49,513 | +325% |
| Profit (loss) for the period to be appropriated | 9905 | €15,235 | €64,749 | +€49,513 | +325% |
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 23 October 2026 via checked.be.