JENOVATION: 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.
JENOVATION
Largest movements
- Tangible fixed assets +€229,691
up €229,691 (+318%), from €72,313 to €302,004
- Stocks and contracts -€123,187
down €123,187 (-34.3%), from €358,709 to €235,522
of which Stocks: -€74,500
- Cash -€16,664
down €16,664 (-92.7%), from €17,976 to €1,311
mainly Investment in fixed assets (net) (-€235,522) and Net result for the year (-€15,840)
- Short-term financial debts +€112,402
up €112,402 (+44.6%), from €251,892 to €364,295
- Profit (loss) carried forward -€15,840
down €15,840, from €43 to -€15,797
- Trade debts -€10,531
down €10,531 (-12.9%), from €81,562 to €71,031
- Other debts +€7,845
up €7,845 (+10.0%), from €78,305 to €86,150
- Gross operating margin -€93,247
down €93,247 (-91.7%), from €101,742 to €8,495
- Depreciation +€2,611
up €2,611 (+81.1%), from €3,220 to €5,831
- Financial charges -€1,290
down €1,290 (-7.7%), from €16,789 to €15,499
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €552,780 | €640,414 | +€87,634 | +15.9% |
| Fixed assets | 21/28 | €72,313 | €302,004 | +€229,691 | +318% |
| Tangible fixed assets | 22/27 | €72,313 | €302,004 | +€229,691 | +318% |
| Land and buildings | 22 | €72,313 | €302,004 | +€229,691 | +318% |
| Current assets | 29/58 | €480,467 | €338,410 | -€142,057 | -29.6% |
| Stocks and contracts in progress | 3 | €358,709 | €235,522 | -€123,187 | -34.3% |
| Stocks | 30/36 | €149,000 | €74,500 | -€74,500 | -50.0% |
| Contracts in progress | 37 | €209,709 | €161,022 | -€48,687 | -23.2% |
| Amounts receivable within one year | 40/41 | €95,870 | €97,402 | +€1,531 | +1.6% |
| Trade receivables | 40 | €70,000 | €70,000 | = | 0.0% |
| Other amounts receivable | 41 | €25,870 | €27,402 | +€1,531 | +5.9% |
| Cash at bank and in hand | 54/58 | €17,976 | €1,311 | -€16,664 | -92.7% |
| Deferred charges and accrued income | 490/1 | €7,912 | €4,175 | -€3,737 | -47.2% |
| Total equity and liabilities | 10/49 | €552,780 | €640,414 | +€87,634 | +15.9% |
| Equity | 10/15 | €134,743 | €118,903 | -€15,840 | -11.8% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €128,400 | €128,400 | = | 0.0% |
| Distributable reserves | 133 | €128,400 | €128,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43 | -€15,797 | -€15,840 | |
| Amounts payable | 17/49 | €418,037 | €521,511 | +€103,474 | +24.8% |
| Amounts payable within one year | 42/48 | €418,037 | €521,511 | +€103,474 | +24.8% |
| Financial debts | 43 | €251,892 | €364,295 | +€112,402 | +44.6% |
| Credit institutions | 430/8 | €251,892 | €364,295 | +€112,402 | +44.6% |
| Trade debts | 44 | €81,562 | €71,031 | -€10,531 | -12.9% |
| Suppliers | 440/4 | €81,562 | €71,031 | -€10,531 | -12.9% |
| Taxes, remuneration and social security | 45 | €6,278 | €36 | -€6,242 | -99.4% |
| Taxes | 450/3 | €6,278 | €36 | -€6,242 | -99.4% |
| Other amounts payable | 47/48 | €78,305 | €86,150 | +€7,845 | +10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,220 | €5,831 | +€2,611 | +81.1% |
| Other operating charges | 640/8 | €4,697 | €4,490 | -€207 | -4.4% |
| Gross operating margin | 9900 | €101,742 | €8,495 | -€93,247 | -91.7% |
| Operating profit (loss) | 9901 | €93,825 | -€1,826 | -€95,651 | |
| Financial income | 75/76B | €1,335 | €1,485 | +€150 | +11.2% |
| Recurring financial income | 75 | €1,335 | €1,485 | +€150 | +11.2% |
| Financial charges | 65/66B | €16,789 | €15,499 | -€1,290 | -7.7% |
| Recurring financial charges | 65 | €16,789 | €15,499 | -€1,290 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | €78,371 | -€15,840 | -€94,211 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €78,371 | -€15,840 | -€94,211 | |
| Profit (loss) for the period to be appropriated | 9905 | €78,371 | -€15,840 | -€94,211 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.