JENNESCO: 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
JENNESCO
NACE 49.410, Freight transport by road
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€328,614
2024 · -€94,169-€234,445
Equity
€4.3m
2024 · €4.6m-€328,614
Cash
€2.0m
2024 · €2.0m-€6,801
Balance sheet total
€5.1m
2024 · €5.7m-€636,085
Largest movements
Assets
- Tangible fixed assets -€385,413
down €385,413 (-13.0%), from €3.0m to €2.6m
of which Furniture and vehicles: -€218,809
- Receivables within one year -€109,599
down €109,599 (-20.0%), from €547,122 to €437,522
of which Trade receivables: -€142,995
- Intangible fixed assets -€102,588
down €102,588 (-100%), from €102,588 to €0
Equity and liabilities
- Reserves -€328,614
down €328,614 (-12.1%), from €2.7m to €2.4m
of which Distributable reserves: -€328,614
- Tax, wage and social debts -€185,994
down €185,994 (-37.3%), from €498,768 to €312,774
of which Taxes: -€151,182
- Trade debts -€97,454
down €97,454 (-36.6%), from €266,194 to €168,739
Income statement
- Gross operating margin -€1.1m
down €1.1m (-35.4%), from €3.1m to €2.0m
- Taxes -€431,465
down €431,465 (-99.6%), from €433,367 to €1,901
- Staff costs -€284,811
down €284,811 (-13.7%), from €2.1m to €1.8m
- Write-downs -€51,994
new in 2025: -€51,994
- Depreciation -€51,526
down €51,526 (-10.1%), from €512,088 to €460,563
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
-€94,169
Gross operating margin
-€1.1m
Staff costs
+€284,811
Depreciation
+€51,526
Write-downs
+€51,994
Other operating charges
-€47,330
Other operating items
+€87,372
Financial income
-€7,161
Financial charges
+€20,964
Taxes
+€431,465
Result 2025
-€328,614
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
-€35,294
Investment
+€28,493
Financing
€0
Cash 2024
€2.0m
From operations (derived)
-€35,294
Net result for the year
-€328,614
Depreciation
+€460,563
Stocks and contracts
+€27,901
Receivables within one year
+€109,599
Deferred charges and accrued income
+€2,729
Trade debts
-€97,454
Tax, wage and social debts
-€185,994
Other debts
-€2,064
Accrued charges and deferred income
-€21,960
Investment (derived)
+€28,493
Investment in fixed assets (net)
+€28,493
Cash 2025
€2.0m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,744,056 | €5,107,971 | -€636,085 | -11.1% |
| Fixed assets | 21/28 | €3,068,777 | €2,579,721 | -€489,056 | -15.9% |
| Intangible fixed assets | 21 | €102,588 | €0 | -€102,588 | -100% |
| Tangible fixed assets | 22/27 | €2,964,459 | €2,579,046 | -€385,413 | -13.0% |
| Land and buildings | 22 | €2,210,831 | €2,069,594 | -€141,236 | -6.4% |
| Plant, machinery and equipment | 23 | €202,295 | €176,928 | -€25,367 | -12.5% |
| Furniture and vehicles | 24 | €551,334 | €332,524 | -€218,809 | -39.7% |
| Financial fixed assets | 28 | €1,730 | €675 | -€1,055 | -61.0% |
| Current assets | 29/58 | €2,675,279 | €2,528,249 | -€147,029 | -5.5% |
| Stocks and contracts in progress | 3 | €45,449 | €17,549 | -€27,901 | -61.4% |
| Stocks | 30/36 | €45,449 | €17,549 | -€27,901 | -61.4% |
| Amounts receivable within one year | 40/41 | €547,122 | €437,522 | -€109,599 | -20.0% |
| Trade receivables | 40 | €530,958 | €387,963 | -€142,995 | -26.9% |
| Other amounts receivable | 41 | €16,164 | €49,559 | +€33,396 | +207% |
| Cash at bank and in hand | 54/58 | €2,046,317 | €2,039,516 | -€6,801 | -0.3% |
| Deferred charges and accrued income | 490/1 | €36,391 | €33,662 | -€2,729 | -7.5% |
| Total equity and liabilities | 10/49 | €5,744,056 | €5,107,971 | -€636,085 | -11.1% |
| Equity | 10/15 | €4,605,929 | €4,277,315 | -€328,614 | -7.1% |
| Contributions | 10/11 | €1,895,730 | €1,895,730 | = | 0.0% |
| Capital | 10 | €1,895,730 | €1,895,730 | = | 0.0% |
| Issued capital | 100 | €1,895,730 | €1,895,730 | = | 0.0% |
| Reserves | 13 | €2,710,199 | €2,381,585 | -€328,614 | -12.1% |
| Non-distributable reserves | 130/1 | €539,573 | €539,573 | = | 0.0% |
| Legal reserve | 130 | €539,573 | €539,573 | = | 0.0% |
| Tax-exempt reserves | 132 | €229,691 | €229,691 | = | 0.0% |
| Distributable reserves | 133 | €1,940,935 | €1,612,321 | -€328,614 | -16.9% |
| Provisions and deferred taxes | 16 | €95,000 | €95,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €95,000 | €95,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €95,000 | €95,000 | = | 0.0% |
| Amounts payable | 17/49 | €1,043,126 | €735,656 | -€307,471 | -29.5% |
| Amounts payable after more than one year | 17 | €216,976 | €216,976 | = | 0.0% |
| Other amounts payable | 178/9 | €216,976 | €216,976 | = | 0.0% |
| Amounts payable within one year | 42/48 | €804,191 | €518,680 | -€285,511 | -35.5% |
| Trade debts | 44 | €266,194 | €168,739 | -€97,454 | -36.6% |
| Suppliers | 440/4 | €266,194 | €168,739 | -€97,454 | -36.6% |
| Taxes, remuneration and social security | 45 | €498,768 | €312,774 | -€185,994 | -37.3% |
| Taxes | 450/3 | €263,877 | €112,695 | -€151,182 | -57.3% |
| Remuneration and social security | 454/9 | €234,891 | €200,079 | -€34,812 | -14.8% |
| Other amounts payable | 47/48 | €39,230 | €37,166 | -€2,064 | -5.3% |
| Accrued charges and deferred income | 492/3 | €21,960 | €0 | -€21,960 | -100% |
| Non-recurring operating income | 76A | €213,559 | - | -€213,559 | |
| Remuneration, social security and pensions | 62 | €2,080,292 | €1,795,480 | -€284,811 | -13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €512,088 | €460,563 | -€51,526 | -10.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€51,994 | -€51,994 | |
| Other operating charges | 640/8 | €89,935 | €137,265 | +€47,330 | +52.6% |
| Non-recurring operating charges | 66A | €87,372 | - | -€87,372 | |
| Gross operating margin | 9900 | €3,128,515 | €2,020,429 | -€1.1m | -35.4% |
| Operating profit (loss) | 9901 | €358,828 | -€320,885 | -€679,713 | |
| Financial income | 75/76B | €7,589 | €427 | -€7,161 | -94.4% |
| Recurring financial income | 75 | €7,589 | €427 | -€7,161 | -94.4% |
| Financial charges | 65/66B | €27,219 | €6,255 | -€20,964 | -77.0% |
| Recurring financial charges | 65 | €27,219 | €6,255 | -€20,964 | -77.0% |
| Profit (loss) for the period before taxes | 9903 | €339,197 | -€326,713 | -€665,910 | |
| Income taxes | 67/77 | €433,367 | €1,901 | -€431,465 | -99.6% |
| Profit (loss) for the period | 9904 | -€94,169 | -€328,614 | -€234,445 | -249% |
| Profit (loss) for the period to be appropriated | 9905 | -€94,169 | -€328,614 | -€234,445 | -249% |
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.