JENNY: 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.
JENNY
Largest movements
- Cash -€17,892
down €17,892 (-75.2%), from €23,779 to €5,887
mainly Contributions, distributions and other (-€45,000) and Other debts (-€15,000)
- Tangible fixed assets -€11,681
down €11,681 (-7.6%), from €153,575 to €141,894
of which Land and buildings: -€11,642
- Receivables within one year +€9,500
up €9,500 (+31.7%), from €30,000 to €39,500
- Current investments +€2,927
up €2,927 (+52.2%), from €5,610 to €8,536
- Other debts -€15,000
down €15,000 (-25.0%), from €60,000 to €45,000
- Debts after one year -€9,105
down €9,105 (-11.4%), from €80,142 to €71,037
- Tax, wage and social debts +€5,586
up €5,586 (+158.9%), from €3,516 to €9,102
- Financial charges -€5,952
down €5,952 (-61.9%), from €9,622 to €3,670
- Gross operating margin -€1,819
down €1,819 (-2.0%), from €88,944 to €87,125
- Depreciation -€1,689
down €1,689 (-12.6%), from €13,370 to €11,681
- Financial income -€1,663
down €1,663 (-99.5%), from €1,671 to €9
- Other operating charges +€907
up €907 (+9.4%), from €9,655 to €10,561
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 | €212,964 | €195,817 | -€17,147 | -8.1% |
| Fixed assets | 21/28 | €153,575 | €141,894 | -€11,681 | -7.6% |
| Tangible fixed assets | 22/27 | €153,575 | €141,894 | -€11,681 | -7.6% |
| Land and buildings | 22 | €153,535 | €141,894 | -€11,642 | -7.6% |
| Furniture and vehicles | 24 | €40 | €0 | -€40 | -100.0% |
| Current assets | 29/58 | €59,389 | €53,923 | -€5,466 | -9.2% |
| Amounts receivable within one year | 40/41 | €30,000 | €39,500 | +€9,500 | +31.7% |
| Other amounts receivable | 41 | €30,000 | €39,500 | +€9,500 | +31.7% |
| Current investments | 50/53 | €5,610 | €8,536 | +€2,927 | +52.2% |
| Cash at bank and in hand | 54/58 | €23,779 | €5,887 | -€17,892 | -75.2% |
| Total equity and liabilities | 10/49 | €212,964 | €195,817 | -€17,147 | -8.1% |
| Equity | 10/15 | €60,131 | €60,764 | +€633 | +1.1% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €35,131 | €35,764 | +€633 | +1.8% |
| Tax-exempt reserves | 132 | €6,059 | €6,059 | = | 0.0% |
| Distributable reserves | 133 | €29,072 | €29,705 | +€633 | +2.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €152,833 | €135,053 | -€17,780 | -11.6% |
| Amounts payable after more than one year | 17 | €80,142 | €71,037 | -€9,105 | -11.4% |
| Financial debts | 170/4 | €80,142 | €71,037 | -€9,105 | -11.4% |
| Amounts payable within one year | 42/48 | €72,691 | €64,016 | -€8,674 | -11.9% |
| Current portion of amounts payable after more than one year | 42 | €8,746 | €9,105 | +€360 | +4.1% |
| Trade debts | 44 | €429 | €809 | +€380 | +88.7% |
| Suppliers | 440/4 | €429 | €809 | +€380 | +88.7% |
| Taxes, remuneration and social security | 45 | €3,516 | €9,102 | +€5,586 | +158.9% |
| Taxes | 450/3 | €3,516 | €9,102 | +€5,586 | +158.9% |
| Other amounts payable | 47/48 | €60,000 | €45,000 | -€15,000 | -25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,370 | €11,681 | -€1,689 | -12.6% |
| Other operating charges | 640/8 | €9,655 | €10,561 | +€907 | +9.4% |
| Gross operating margin | 9900 | €88,944 | €87,125 | -€1,819 | -2.0% |
| Operating profit (loss) | 9901 | €65,919 | €64,882 | -€1,037 | -1.6% |
| Financial income | 75/76B | €1,671 | €9 | -€1,663 | -99.5% |
| Recurring financial income | 75 | €1,671 | €9 | -€1,663 | -99.5% |
| Financial charges | 65/66B | €9,622 | €3,670 | -€5,952 | -61.9% |
| Recurring financial charges | 65 | €9,622 | €3,670 | -€5,952 | -61.9% |
| Profit (loss) for the period before taxes | 9903 | €57,968 | €61,221 | +€3,253 | +5.6% |
| Income taxes | 67/77 | €16,051 | €15,588 | -€463 | -2.9% |
| Profit (loss) for the period | 9904 | €41,917 | €45,633 | +€3,716 | +8.9% |
| Profit (loss) for the period to be appropriated | 9905 | €41,917 | €45,633 | +€3,716 | +8.9% |
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 3 October 2026 via checked.be.