JEWEL: 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.
JEWEL
Largest movements
- Receivables within one year +€13,292
up €13,292 (+7.1%), from €187,474 to €200,766
of which Trade receivables: +€38,646
- Tax, wage and social debts +€9,735
up €9,735 (+9.4%), from €103,407 to €113,142
of which Remuneration and social security: +€9,956
- Trade debts +€3,732
up €3,732 (+522%), from €715 to €4,447
- Gross operating margin -€2,282
down €2,282 (-77.0%), from €2,962 to €680
- Financial charges -€1,072
down €1,072 (-44.7%), from €2,400 to €1,327
- Other operating charges +€64
up €64 (+16.4%), from €387 to €451
- Taxes +€45
up €45 (+24.3%), from €185 to €230
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 | €281,057 | €292,880 | +€11,824 | +4.2% |
| Fixed assets | 21/28 | €90,653 | €90,653 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €90,653 | €90,653 | = | 0.0% |
| Current assets | 29/58 | €190,404 | €202,228 | +€11,824 | +6.2% |
| Amounts receivable within one year | 40/41 | €187,474 | €200,766 | +€13,292 | +7.1% |
| Trade receivables | 40 | €148,250 | €186,896 | +€38,646 | +26.1% |
| Other amounts receivable | 41 | €39,224 | €13,870 | -€25,354 | -64.6% |
| Cash at bank and in hand | 54/58 | €2,846 | €1,369 | -€1,477 | -51.9% |
| Deferred charges and accrued income | 490/1 | €85 | €93 | +€8 | +9.7% |
| Total equity and liabilities | 10/49 | €281,057 | €292,880 | +€11,824 | +4.2% |
| Equity | 10/15 | €159,972 | €158,644 | -€1,328 | -0.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €9,714 | €9,714 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €7,854 | €7,854 | = | 0.0% |
| Profit (loss) carried forward | 14 | €137,858 | €136,530 | -€1,328 | -1.0% |
| Amounts payable | 17/49 | €121,085 | €134,237 | +€13,152 | +10.9% |
| Amounts payable after more than one year | 17 | €16,963 | €15,496 | -€1,467 | -8.6% |
| Other amounts payable | 178/9 | €16,963 | €15,496 | -€1,467 | -8.6% |
| Amounts payable within one year | 42/48 | €104,123 | €118,741 | +€14,618 | +14.0% |
| Financial debts | 43 | - | €1,151 | +€1,151 | |
| Credit institutions | 430/8 | - | €1,151 | +€1,151 | |
| Trade debts | 44 | €715 | €4,447 | +€3,732 | +522% |
| Suppliers | 440/4 | €715 | €4,447 | +€3,732 | +522% |
| Taxes, remuneration and social security | 45 | €103,407 | €113,142 | +€9,735 | +9.4% |
| Taxes | 450/3 | €939 | €718 | -€221 | -23.6% |
| Remuneration and social security | 454/9 | €102,468 | €112,424 | +€9,956 | +9.7% |
| Other operating charges | 640/8 | €387 | €451 | +€64 | +16.4% |
| Gross operating margin | 9900 | €2,962 | €680 | -€2,282 | -77.0% |
| Operating profit (loss) | 9901 | €2,574 | €229 | -€2,345 | -91.1% |
| Financial charges | 65/66B | €2,400 | €1,327 | -€1,072 | -44.7% |
| Recurring financial charges | 65 | €2,400 | €1,327 | -€1,072 | -44.7% |
| Profit (loss) for the period before taxes | 9903 | €175 | -€1,098 | -€1,273 | |
| Income taxes | 67/77 | €185 | €230 | +€45 | +24.3% |
| Profit (loss) for the period | 9904 | -€10 | -€1,328 | -€1,318 | -13,562% |
| Profit (loss) for the period to be appropriated | 9905 | -€10 | -€1,328 | -€1,318 | -13,562% |
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 28 October 2026 via checked.be.