jennes: 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.
jennes
Largest movements
- Receivables after one year +€672,988
new in 2025: €672,988
- Tangible fixed assets -€90,149
down €90,149 (-7.6%), from €1.2m to €1.1m
of which Land and buildings: -€74,292
- Cash -€67,333
down €67,333 (-74.2%), from €90,733 to €23,400
mainly Receivables after one year (-€672,988) and Debts after one year (-€53,822)
- Receivables within one year -€31,467
down €31,467 (-59.1%), from €53,256 to €21,788
of which Other amounts receivable: -€43,690
- Deferred charges and accrued income -€18,638
down €18,638 (-44.2%), from €42,132 to €23,494
- Reserves +€484,546
up €484,546 (+54.5%), from €889,289 to €1.4m
- Debts after one year -€53,822
down €53,822 (-20.0%), from €269,267 to €215,445
- Short-term financial debts +€50,739
new in 2025: €50,739
- Other debts -€29,593
down €29,593 (-30.7%), from €96,344 to €66,751
- Gross operating margin +€349,144
up €349,144 (+79.2%), from €440,823 to €789,967
- Staff costs -€188,444
down €188,444, from €179,334 to -€9,109
- Taxes +€171,223
up €171,223 (+334%), from €51,312 to €222,534
- Financial income +€22,997
up €22,997 (+1,238%), from €1,857 to €24,854
- Depreciation +€8,884
up €8,884 (+10.6%), from €84,190 to €93,074
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 | €1,370,330 | €1,835,730 | +€465,401 | +34.0% |
| Fixed assets | 21/28 | €1,184,210 | €1,094,060 | -€90,149 | -7.6% |
| Tangible fixed assets | 22/27 | €1,183,710 | €1,093,560 | -€90,149 | -7.6% |
| Land and buildings | 22 | €1,116,433 | €1,042,142 | -€74,292 | -6.7% |
| Plant, machinery and equipment | 23 | €5,383 | €2,375 | -€3,008 | -55.9% |
| Furniture and vehicles | 24 | €61,893 | €44,783 | -€17,110 | -27.6% |
| Other tangible fixed assets | 26 | - | €4,260 | +€4,260 | |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €186,120 | €741,670 | +€555,550 | +298% |
| Amounts receivable after more than one year | 29 | - | €672,988 | +€672,988 | |
| Other amounts receivable | 291 | - | €672,988 | +€672,988 | |
| Amounts receivable within one year | 40/41 | €53,256 | €21,788 | -€31,467 | -59.1% |
| Trade receivables | 40 | €5,520 | €17,743 | +€12,223 | +221% |
| Other amounts receivable | 41 | €47,736 | €4,046 | -€43,690 | -91.5% |
| Cash at bank and in hand | 54/58 | €90,733 | €23,400 | -€67,333 | -74.2% |
| Deferred charges and accrued income | 490/1 | €42,132 | €23,494 | -€18,638 | -44.2% |
| Total equity and liabilities | 10/49 | €1,370,330 | €1,835,730 | +€465,401 | +34.0% |
| Equity | 10/15 | €901,689 | €1,386,235 | +€484,546 | +53.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €889,289 | €1,373,835 | +€484,546 | +54.5% |
| Distributable reserves | 133 | €889,289 | €1,373,835 | +€484,546 | +54.5% |
| Amounts payable | 17/49 | €468,641 | €449,495 | -€19,145 | -4.1% |
| Amounts payable after more than one year | 17 | €269,267 | €215,445 | -€53,822 | -20.0% |
| Financial debts | 170/4 | €269,267 | €215,445 | -€53,822 | -20.0% |
| Amounts payable within one year | 42/48 | €196,359 | €230,972 | +€34,613 | +17.6% |
| Current portion of amounts payable after more than one year | 42 | €52,763 | €53,822 | +€1,060 | +2.0% |
| Financial debts | 43 | - | €50,739 | +€50,739 | |
| Credit institutions | 430/8 | - | €50,739 | +€50,739 | |
| Trade debts | 44 | €5,514 | €958 | -€4,556 | -82.6% |
| Suppliers | 440/4 | €5,514 | €958 | -€4,556 | -82.6% |
| Taxes, remuneration and social security | 45 | €41,739 | €58,703 | +€16,964 | +40.6% |
| Taxes | 450/3 | €0 | €55,135 | +€55,135 | |
| Remuneration and social security | 454/9 | €41,739 | €3,568 | -€38,171 | -91.5% |
| Other amounts payable | 47/48 | €96,344 | €66,751 | -€29,593 | -30.7% |
| Accrued charges and deferred income | 492/3 | €3,015 | €3,078 | +€63 | +2.1% |
| Non-recurring operating income | 76A | €66,844 | €565,480 | +€498,636 | +746% |
| Remuneration, social security and pensions | 62 | €179,334 | -€9,109 | -€188,444 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,190 | €93,074 | +€8,884 | +10.6% |
| Other operating charges | 640/8 | €10,399 | €16,399 | +€6,000 | +57.7% |
| Gross operating margin | 9900 | €440,823 | €789,967 | +€349,144 | +79.2% |
| Operating profit (loss) | 9901 | €166,900 | €689,604 | +€522,704 | +313% |
| Financial income | 75/76B | €1,857 | €24,854 | +€22,997 | +1,238% |
| Recurring financial income | 75 | €1,857 | €24,854 | +€22,997 | +1,238% |
| Financial charges | 65/66B | €6,227 | €7,378 | +€1,151 | +18.5% |
| Recurring financial charges | 65 | €6,227 | €7,378 | +€1,151 | +18.5% |
| Profit (loss) for the period before taxes | 9903 | €162,530 | €707,080 | +€544,550 | +335% |
| Income taxes | 67/77 | €51,312 | €222,534 | +€171,223 | +334% |
| Profit (loss) for the period | 9904 | €111,219 | €484,546 | +€373,327 | +336% |
| Profit (loss) for the period to be appropriated | 9905 | €111,219 | €484,546 | +€373,327 | +336% |
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 17 October 2026 via checked.be.