JEXEL: 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.
JEXEL
Largest movements
- Receivables within one year +€21,082
up €21,082 (+310%), from €6,803 to €27,885
of which Trade receivables: +€18,537
- Tangible fixed assets -€5,992
down €5,992 (-33.5%), from €17,884 to €11,892
of which Other tangible fixed assets: -€5,218
- Cash +€5,820
up €5,820 (+114%), from €5,105 to €10,925
mainly Net result for the year (+€20,787) and Depreciation (+€10,992)
- Intangible fixed assets -€5,000
down €5,000 (-12.4%), from €40,438 to €35,438
- Profit (loss) carried forward +€20,787
up €20,787 (+22.1%), from -€94,259 to -€73,472
- Debts after one year -€12,640
down €12,640 (-58.5%), from €21,607 to €8,967
of which Financial debts: -€7,360
- Trade debts -€6,321
down €6,321 (-59.1%), from €10,699 to €4,378
- Tax, wage and social debts +€6,299
up €6,299 (+443%), from €1,423 to €7,721
- Other debts +€4,611
up €4,611 (+70.7%), from €6,527 to €11,138
- Gross operating margin +€60,103
up €60,103, from -€25,151 to €34,953
- Depreciation -€1,762
down €1,762 (-13.8%), from €12,754 to €10,992
- Financial charges -€586
down €586 (-24.2%), from €2,419 to €1,833
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 | €71,353 | €87,112 | +€15,759 | +22.1% |
| Fixed assets | 21/28 | €59,072 | €48,080 | -€10,992 | -18.6% |
| Intangible fixed assets | 21 | €40,438 | €35,438 | -€5,000 | -12.4% |
| Tangible fixed assets | 22/27 | €17,884 | €11,892 | -€5,992 | -33.5% |
| Plant, machinery and equipment | 23 | €497 | €0 | -€497 | -100% |
| Furniture and vehicles | 24 | €276 | €0 | -€276 | -100% |
| Other tangible fixed assets | 26 | €17,110 | €11,892 | -€5,218 | -30.5% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €12,281 | €39,032 | +€26,751 | +218% |
| Amounts receivable within one year | 40/41 | €6,803 | €27,885 | +€21,082 | +310% |
| Trade receivables | 40 | €6,680 | €25,216 | +€18,537 | +278% |
| Other amounts receivable | 41 | €123 | €2,668 | +€2,545 | +2,065% |
| Cash at bank and in hand | 54/58 | €5,105 | €10,925 | +€5,820 | +114% |
| Deferred charges and accrued income | 490/1 | €373 | €222 | -€151 | -40.4% |
| Total equity and liabilities | 10/49 | €71,353 | €87,112 | +€15,759 | +22.1% |
| Equity | 10/15 | €18,698 | €39,485 | +€20,787 | +111% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €100,557 | €100,557 | = | 0.0% |
| Distributable reserves | 133 | €100,557 | €100,557 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€94,259 | -€73,472 | +€20,787 | +22.1% |
| Amounts payable | 17/49 | €52,654 | €47,627 | -€5,027 | -9.5% |
| Amounts payable after more than one year | 17 | €21,607 | €8,967 | -€12,640 | -58.5% |
| Financial debts | 170/4 | €16,327 | €8,967 | -€7,360 | -45.1% |
| Other amounts payable | 178/9 | €5,280 | €0 | -€5,280 | -100% |
| Amounts payable within one year | 42/48 | €31,048 | €36,160 | +€5,112 | +16.5% |
| Current portion of amounts payable after more than one year | 42 | €12,066 | €12,640 | +€573 | +4.8% |
| Financial debts | 43 | €333 | €284 | -€49 | -14.8% |
| Credit institutions | 430/8 | €333 | €284 | -€49 | -14.8% |
| Trade debts | 44 | €10,699 | €4,378 | -€6,321 | -59.1% |
| Suppliers | 440/4 | €10,699 | €4,378 | -€6,321 | -59.1% |
| Taxes, remuneration and social security | 45 | €1,423 | €7,721 | +€6,299 | +443% |
| Taxes | 450/3 | €1,423 | €7,721 | +€6,299 | +443% |
| Other amounts payable | 47/48 | €6,527 | €11,138 | +€4,611 | +70.7% |
| Accrued charges and deferred income | 492/3 | - | €2,500 | +€2,500 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,754 | €10,992 | -€1,762 | -13.8% |
| Other operating charges | 640/8 | €1,119 | €1,155 | +€36 | +3.2% |
| Gross operating margin | 9900 | -€25,151 | €34,953 | +€60,103 | |
| Operating profit (loss) | 9901 | -€39,023 | €22,807 | +€61,830 | |
| Financial income | 75/76B | €1 | €38 | +€37 | +2,852% |
| Recurring financial income | 75 | €1 | €38 | +€37 | +2,852% |
| Financial charges | 65/66B | €2,419 | €1,833 | -€586 | -24.2% |
| Recurring financial charges | 65 | €2,419 | €1,833 | -€586 | -24.2% |
| Profit (loss) for the period before taxes | 9903 | -€41,441 | €21,011 | +€62,453 | |
| Income taxes | 67/77 | €233 | €225 | -€8 | -3.4% |
| Profit (loss) for the period | 9904 | -€41,674 | €20,787 | +€62,461 | |
| Profit (loss) for the period to be appropriated | 9905 | -€41,674 | €20,787 | +€62,461 |
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 20 October 2026 via checked.be.