JENS: 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.
JENS
Largest movements
- Receivables within one year -€99,149
down €99,149 (-99.3%), from €99,833 to €684
of which Other amounts receivable: -€92,084
- Tangible fixed assets -€21,431
down €21,431 (-1.8%), from €1.2m to €1.2m
of which Land and buildings: -€14,617
- Cash +€15,297
up €15,297 (+308.2%), from €4,963 to €20,259
mainly Receivables within one year (+€99,149) and Short-term financial debts (+€45,000)
- Debts after one year -€55,282
down €55,282 (-8.6%), from €645,937 to €590,655
- Profit (loss) carried forward -€49,520
down €49,520 (-104.1%), from -€47,568 to -€97,088
- Short-term financial debts +€45,000
up €45,000 (+180.0%), from €25,000 to €70,000
- Current portion of long-term debt -€18,478
down €18,478 (-23.5%), from €78,479 to €60,002
- Financial charges +€39,468
up €39,468 (+225.7%), from €17,488 to €56,956
- Depreciation -€26,013
down €26,013 (-54.8%), from €47,444 to €21,431
- Staff costs -€5,265
down €5,265 (-78.1%), from €6,742 to €1,477
- Gross operating margin +€5,060
up €5,060 (+16.0%), from €31,553 to €36,613
- Other operating charges -€4,493
down €4,493 (-41.1%), from €10,942 to €6,449
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,361,479 | €1,259,423 | -€102,055 | -7.5% |
| Fixed assets | 21/28 | €1,206,683 | €1,185,252 | -€21,431 | -1.8% |
| Tangible fixed assets | 22/27 | €1,206,683 | €1,185,252 | -€21,431 | -1.8% |
| Land and buildings | 22 | €379,704 | €365,087 | -€14,617 | -3.8% |
| Other tangible fixed assets | 26 | €826,979 | €820,165 | -€6,814 | -0.8% |
| Current assets | 29/58 | €154,796 | €74,171 | -€80,625 | -52.1% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €99,833 | €684 | -€99,149 | -99.3% |
| Trade receivables | 40 | €7,065 | €0 | -€7,065 | -100.0% |
| Other amounts receivable | 41 | €92,768 | €684 | -€92,084 | -99.3% |
| Cash at bank and in hand | 54/58 | €4,963 | €20,259 | +€15,297 | +308.2% |
| Deferred charges and accrued income | 490/1 | €0 | €3,227 | +€3,227 | |
| Total equity and liabilities | 10/49 | €1,361,479 | €1,259,423 | -€102,055 | -7.5% |
| Equity | 10/15 | €568,698 | €518,023 | -€50,675 | -8.9% |
| Contributions | 10/11 | €307,888 | €307,888 | = | 0.0% |
| Capital | 10 | €307,000 | €307,000 | = | 0.0% |
| Issued capital | 100 | €307,000 | €307,000 | = | 0.0% |
| Contributions outside capital | 11 | €888 | €888 | = | 0.0% |
| Share premium | 1100/10 | €888 | €888 | = | 0.0% |
| Reserves | 13 | €308,378 | €307,223 | -€1,155 | -0.4% |
| Non-distributable reserves | 130/1 | €30,700 | €30,700 | = | 0.0% |
| Legal reserve | 130 | €30,700 | €30,700 | = | 0.0% |
| Tax-exempt reserves | 132 | €81,825 | €80,670 | -€1,155 | -1.4% |
| Distributable reserves | 133 | €195,853 | €195,853 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,568 | -€97,088 | -€49,520 | -104.1% |
| Provisions and deferred taxes | 16 | €13,680 | €13,085 | -€595 | -4.3% |
| Deferred taxes | 168 | €13,680 | €13,085 | -€595 | -4.3% |
| Amounts payable | 17/49 | €779,101 | €728,316 | -€50,786 | -6.5% |
| Amounts payable after more than one year | 17 | €645,937 | €590,655 | -€55,282 | -8.6% |
| Financial debts | 170/4 | €645,937 | €590,655 | -€55,282 | -8.6% |
| Amounts payable within one year | 42/48 | €128,343 | €135,335 | +€6,992 | +5.4% |
| Current portion of amounts payable after more than one year | 42 | €78,479 | €60,002 | -€18,478 | -23.5% |
| Financial debts | 43 | €25,000 | €70,000 | +€45,000 | +180.0% |
| Credit institutions | 430/8 | €25,000 | €70,000 | +€45,000 | +180.0% |
| Trade debts | 44 | €13,350 | €790 | -€12,560 | -94.1% |
| Suppliers | 440/4 | €13,350 | €790 | -€12,560 | -94.1% |
| Taxes, remuneration and social security | 45 | €1,921 | €4,543 | +€2,621 | +136.4% |
| Taxes | 450/3 | €1,921 | €4,543 | +€2,621 | +136.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €9,592 | €0 | -€9,592 | -100.0% |
| Accrued charges and deferred income | 492/3 | €4,822 | €2,327 | -€2,496 | -51.8% |
| Remuneration, social security and pensions | 62 | €6,742 | €1,477 | -€5,265 | -78.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,444 | €21,431 | -€26,013 | -54.8% |
| Other operating charges | 640/8 | €10,942 | €6,449 | -€4,493 | -41.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €31,553 | €36,613 | +€5,060 | +16.0% |
| Operating profit (loss) | 9901 | -€33,575 | €7,257 | +€40,831 | |
| Financial income | 75/76B | €1,905 | €1,905 | -€0 | 0.0% |
| Recurring financial income | 75 | €1,905 | €1,905 | -€0 | 0.0% |
| Financial charges | 65/66B | €17,488 | €56,956 | +€39,468 | +225.7% |
| Recurring financial charges | 65 | €17,488 | €56,956 | +€39,468 | +225.7% |
| Profit (loss) for the period before taxes | 9903 | -€49,158 | -€47,795 | +€1,363 | +2.8% |
| Transfer from deferred taxes | 780 | €595 | €595 | = | 0.0% |
| Income taxes | 67/77 | €160 | €3,475 | +€3,315 | +2068.5% |
| Profit (loss) for the period | 9904 | -€48,723 | -€50,675 | -€1,952 | -4.0% |
| Transfer from tax-exempt reserves | 789 | €1,155 | €1,155 | +€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€47,568 | -€49,520 | -€1,952 | -4.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.