JENNOR: 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.
JENNOR
Largest movements
- Current investments +€23,000
up €23,000 (+51.1%), from €45,000 to €68,000
- Cash -€11,968
down €11,968 (-94.4%), from €12,672 to €704
mainly Current investments (-€23,000) and Receivables within one year (-€2,570)
- Reserves +€12,869
up €12,869 (+6.1%), from €209,407 to €222,276
of which Distributable reserves: +€12,869
- Gross operating margin -€6,860
down €6,860 (-35.8%), from €19,142 to €12,283
- Financial income +€1,272
up €1,272 (+134.1%), from €948 to €2,220
- Financial charges -€387
down €387 (-40.3%), from €961 to €574
- Depreciation -€245
down €245 (-39.3%), from €623 to €378
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 | €543,062 | €556,285 | +€13,224 | +2.4% |
| Fixed assets | 21/28 | €1,129 | €751 | -€378 | -33.5% |
| Tangible fixed assets | 22/27 | €1,129 | €751 | -€378 | -33.5% |
| Furniture and vehicles | 24 | €1,129 | €751 | -€378 | -33.5% |
| Current assets | 29/58 | €541,933 | €555,535 | +€13,602 | +2.5% |
| Stocks and contracts in progress | 3 | €480,155 | €480,155 | = | 0.0% |
| Stocks | 30/36 | €480,155 | €480,155 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €4,106 | €6,676 | +€2,570 | +62.6% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €4,106 | €6,676 | +€2,570 | +62.6% |
| Current investments | 50/53 | €45,000 | €68,000 | +€23,000 | +51.1% |
| Cash at bank and in hand | 54/58 | €12,672 | €704 | -€11,968 | -94.4% |
| Total equity and liabilities | 10/49 | €543,062 | €556,285 | +€13,224 | +2.4% |
| Equity | 10/15 | €542,824 | €555,693 | +€12,869 | +2.4% |
| Contributions | 10/11 | €333,417 | €333,417 | = | 0.0% |
| Capital | 10 | €333,417 | €333,417 | = | 0.0% |
| Issued capital | 100 | €333,417 | €333,417 | = | 0.0% |
| Reserves | 13 | €209,407 | €222,276 | +€12,869 | +6.1% |
| Non-distributable reserves | 130/1 | €33,342 | €33,342 | = | 0.0% |
| Legal reserve | 130 | €33,342 | €33,342 | = | 0.0% |
| Distributable reserves | 133 | €176,065 | €188,935 | +€12,869 | +7.3% |
| Amounts payable | 17/49 | €238 | €592 | +€354 | +148.8% |
| Amounts payable within one year | 42/48 | €238 | €592 | +€354 | +148.8% |
| Trade debts | 44 | €238 | €592 | +€354 | +148.8% |
| Suppliers | 440/4 | €238 | €592 | +€354 | +148.8% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €623 | €378 | -€245 | -39.3% |
| Other operating charges | 640/8 | €577 | €682 | +€105 | +18.1% |
| Gross operating margin | 9900 | €19,142 | €12,283 | -€6,860 | -35.8% |
| Operating profit (loss) | 9901 | €17,942 | €11,223 | -€6,719 | -37.4% |
| Financial income | 75/76B | €948 | €2,220 | +€1,272 | +134.1% |
| Recurring financial income | 75 | €948 | €2,220 | +€1,272 | +134.1% |
| Financial charges | 65/66B | €961 | €574 | -€387 | -40.3% |
| Recurring financial charges | 65 | €961 | €574 | -€387 | -40.3% |
| Profit (loss) for the period before taxes | 9903 | €17,930 | €12,869 | -€5,060 | -28.2% |
| Profit (loss) for the period | 9904 | €17,930 | €12,869 | -€5,060 | -28.2% |
| Profit (loss) for the period to be appropriated | 9905 | €17,930 | €12,869 | -€5,060 | -28.2% |
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.