JENO: 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.
JENO
Largest movements
- Cash +€58,115
up €58,115 (+362.8%), from €16,016 to €74,131
mainly Depreciation (+€24,936) and Net result for the year (+€14,606)
- Tangible fixed assets -€24,936
down €24,936 (-12.1%), from €206,823 to €181,887
of which Land and buildings: -€23,799
- Receivables within one year -€13,453
down €13,453 (-63.5%), from €21,188 to €7,734
of which Trade receivables: -€7,384
- Profit (loss) carried forward +€14,606
up €14,606 (+16.5%), from -€88,649 to -€74,043
- Accrued charges and deferred income +€5,162
new in 2025: €5,162
- Gross operating margin +€24,392
up €24,392 (+93.6%), from €26,063 to €50,455
- Other operating charges +€4,889
up €4,889 (+43.4%), from €11,267 to €16,156
- Depreciation -€3,799
down €3,799 (-13.2%), from €28,735 to €24,936
- Financial income +€2,885
up €2,885 (+78.4%), from €3,679 to €6,564
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 | €401,439 | €421,544 | +€20,105 | +5.0% |
| Fixed assets | 21/28 | €206,823 | €181,887 | -€24,936 | -12.1% |
| Tangible fixed assets | 22/27 | €206,823 | €181,887 | -€24,936 | -12.1% |
| Land and buildings | 22 | €205,686 | €181,887 | -€23,799 | -11.6% |
| Furniture and vehicles | 24 | €1,137 | €0 | -€1,137 | -100.0% |
| Current assets | 29/58 | €194,616 | €239,657 | +€45,041 | +23.1% |
| Amounts receivable within one year | 40/41 | €21,188 | €7,734 | -€13,453 | -63.5% |
| Trade receivables | 40 | €13,234 | €5,850 | -€7,384 | -55.8% |
| Other amounts receivable | 41 | €7,954 | €1,885 | -€6,069 | -76.3% |
| Current investments | 50/53 | €150,181 | €150,181 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €16,016 | €74,131 | +€58,115 | +362.8% |
| Deferred charges and accrued income | 490/1 | €7,231 | €7,610 | +€379 | +5.2% |
| Total equity and liabilities | 10/49 | €401,439 | €421,544 | +€20,105 | +5.0% |
| Equity | 10/15 | €384,290 | €398,896 | +€14,606 | +3.8% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €407,939 | €407,939 | = | 0.0% |
| Non-distributable reserves | 130/1 | €44,694 | €44,694 | = | 0.0% |
| Legal reserve | 130 | €44,694 | €44,694 | = | 0.0% |
| Tax-exempt reserves | 132 | €19,283 | €19,283 | = | 0.0% |
| Distributable reserves | 133 | €343,962 | €343,962 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€88,649 | -€74,043 | +€14,606 | +16.5% |
| Amounts payable | 17/49 | €17,149 | €22,647 | +€5,498 | +32.1% |
| Amounts payable within one year | 42/48 | €17,149 | €17,485 | +€336 | +2.0% |
| Trade debts | 44 | €1,967 | €2,738 | +€770 | +39.2% |
| Suppliers | 440/4 | €1,967 | €2,738 | +€770 | +39.2% |
| Taxes, remuneration and social security | 45 | - | €2,498 | +€2,498 | |
| Taxes | 450/3 | - | €2,498 | +€2,498 | |
| Other amounts payable | 47/48 | €15,182 | €12,250 | -€2,932 | -19.3% |
| Accrued charges and deferred income | 492/3 | - | €5,162 | +€5,162 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,735 | €24,936 | -€3,799 | -13.2% |
| Other operating charges | 640/8 | €11,267 | €16,156 | +€4,889 | +43.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €26,063 | €50,455 | +€24,392 | +93.6% |
| Operating profit (loss) | 9901 | -€13,938 | €9,364 | +€23,302 | |
| Financial income | 75/76B | €3,679 | €6,564 | +€2,885 | +78.4% |
| Recurring financial income | 75 | €3,679 | €6,564 | +€2,885 | +78.4% |
| Financial charges | 65/66B | €999 | €1,237 | +€238 | +23.8% |
| Recurring financial charges | 65 | €999 | €1,237 | +€238 | +23.8% |
| Profit (loss) for the period before taxes | 9903 | -€11,259 | €14,691 | +€25,949 | |
| Income taxes | 67/77 | €84 | €84 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€11,343 | €14,606 | +€25,949 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,343 | €14,606 | +€25,949 |
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 10 October 2026 via checked.be.