JENNICK: what changed
Two fiscal 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.
JENNICK
Largest movements
- Current investments -€49,139
down €49,139 (-4.7%), from €1.0m to €986,725
- Tangible fixed assets -€40,827
down €40,827 (-4.4%), from €925,872 to €885,045
of which Land and buildings: -€44,652
- Cash -€27,053
down €27,053 (-42.0%), from €64,444 to €37,391
mainly Contributions, distributions and other (-€132,000) and Debts after one year (-€48,686)
- Reserves -€87,840
down €87,840 (-5.0%), from €1.8m to €1.7m
of which Distributable reserves: -€80,010
- Debts after one year -€48,686
down €48,686 (-32.9%), from €148,116 to €99,430
- Financial income +€21,458
up €21,458 (+38.3%), from €56,068 to €77,526
- Gross operating margin +€18,529
up €18,529 (+32.1%), from €57,644 to €76,173
- Financial charges +€4,185
up €4,185 (+32.2%), from €12,983 to €17,168
- Taxes +€4,161
up €4,161 (+293.9%), from €1,416 to €5,577
- Other operating charges -€3,823
down €3,823 (-17.3%), from €22,107 to €18,285
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.
Cash bridge derived
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 | €2,056,576 | €1,928,272 | -€128,304 | -6.2% |
| Fixed assets | 21/28 | €925,872 | €885,045 | -€40,827 | -4.4% |
| Tangible fixed assets | 22/27 | €925,872 | €885,045 | -€40,827 | -4.4% |
| Land and buildings | 22 | €864,673 | €820,020 | -€44,652 | -5.2% |
| Plant, machinery and equipment | 23 | €20,646 | €30,143 | +€9,497 | +46.0% |
| Furniture and vehicles | 24 | €40,554 | €34,882 | -€5,671 | -14.0% |
| Current assets | 29/58 | €1,130,704 | €1,043,227 | -€87,477 | -7.7% |
| Amounts receivable within one year | 40/41 | €27,181 | €15,506 | -€11,675 | -43.0% |
| Trade receivables | 40 | €5,886 | €0 | -€5,886 | -100.0% |
| Other amounts receivable | 41 | €21,296 | €15,506 | -€5,790 | -27.2% |
| Current investments | 50/53 | €1,035,863 | €986,725 | -€49,139 | -4.7% |
| Cash at bank and in hand | 54/58 | €64,444 | €37,391 | -€27,053 | -42.0% |
| Deferred charges and accrued income | 490/1 | €3,216 | €3,606 | +€390 | +12.1% |
| Total equity and liabilities | 10/49 | €2,056,576 | €1,928,272 | -€128,304 | -6.2% |
| Equity | 10/15 | €1,834,317 | €1,746,477 | -€87,840 | -4.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,772,317 | €1,684,477 | -€87,840 | -5.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €107,902 | €100,072 | -€7,830 | -7.3% |
| Distributable reserves | 133 | €1,658,215 | €1,578,205 | -€80,010 | -4.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €222,259 | €181,795 | -€40,464 | -18.2% |
| Amounts payable after more than one year | 17 | €148,116 | €99,430 | -€48,686 | -32.9% |
| Financial debts | 170/4 | €148,116 | €99,430 | -€48,686 | -32.9% |
| Amounts payable within one year | 42/48 | €67,423 | €72,920 | +€5,497 | +8.2% |
| Current portion of amounts payable after more than one year | 42 | €48,012 | €48,686 | +€674 | +1.4% |
| Trade debts | 44 | €11,923 | €7,220 | -€4,703 | -39.4% |
| Suppliers | 440/4 | €11,923 | €7,220 | -€4,703 | -39.4% |
| Taxes, remuneration and social security | 45 | €7,488 | €0 | -€7,488 | -100.0% |
| Taxes | 450/3 | €7,488 | €0 | -€7,488 | -100.0% |
| Other amounts payable | 47/48 | €0 | €17,014 | +€17,014 | |
| Accrued charges and deferred income | 492/3 | €6,720 | €9,445 | +€2,725 | +40.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,759 | €68,509 | +€750 | +1.1% |
| Other operating charges | 640/8 | €22,107 | €18,285 | -€3,823 | -17.3% |
| Non-recurring operating charges | 66A | €6,859 | €0 | -€6,859 | -100.0% |
| Gross operating margin | 9900 | €57,644 | €76,173 | +€18,529 | +32.1% |
| Operating profit (loss) | 9901 | -€39,081 | -€10,621 | +€28,461 | +72.8% |
| Financial income | 75/76B | €56,068 | €77,526 | +€21,458 | +38.3% |
| Recurring financial income | 75 | €56,068 | €77,526 | +€21,458 | +38.3% |
| Financial charges | 65/66B | €12,983 | €17,168 | +€4,185 | +32.2% |
| Recurring financial charges | 65 | €12,983 | €17,168 | +€4,185 | +32.2% |
| Profit (loss) for the period before taxes | 9903 | €4,003 | €49,737 | +€45,734 | +1142.4% |
| Income taxes | 67/77 | €1,416 | €5,577 | +€4,161 | +293.9% |
| Profit (loss) for the period | 9904 | €2,587 | €44,160 | +€41,573 | +1606.8% |
| Transfer from tax-exempt reserves | 789 | €7,830 | €7,830 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,418 | €51,990 | +€41,573 | +399.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.