JICECO: 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.
JICECO
Largest movements
- Cash -€55,466
down €55,466 (-30.9%), from €179,701 to €124,235
mainly Trade debts (-€53,053) and Contributions, distributions and other (-€36,913)
- Receivables within one year +€15,358
up €15,358 (+48.3%), from €31,792 to €47,150
of which Other amounts receivable: +€29,155
- Intangible fixed assets -€3,371
down €3,371 (-45.3%), from €7,443 to €4,072
- Trade debts -€53,053
down €53,053 (-52.3%), from €101,485 to €48,432
- Other debts +€19,149
up €19,149 (+107.8%), from €17,764 to €36,913
- Tax, wage and social debts -€11,109
down €11,109 (-25.7%), from €43,203 to €32,094
of which Remuneration and social security: -€11,310
- Gross operating margin -€188,294
down €188,294 (-41.4%), from €454,656 to €266,362
- Taxes -€48,680
down €48,680 (-73.9%), from €65,902 to €17,223
- Staff costs +€8,701
up €8,701 (+4.6%), from €190,336 to €199,037
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 | €232,932 | €187,902 | -€45,031 | -19.3% |
| Fixed assets | 21/28 | €15,442 | €10,295 | -€5,147 | -33.3% |
| Intangible fixed assets | 21 | €7,443 | €4,072 | -€3,371 | -45.3% |
| Tangible fixed assets | 22/27 | €7,999 | €6,223 | -€1,776 | -22.2% |
| Plant, machinery and equipment | 23 | €6,996 | €5,830 | -€1,166 | -16.7% |
| Furniture and vehicles | 24 | €1,003 | €393 | -€610 | -60.8% |
| Current assets | 29/58 | €217,491 | €177,607 | -€39,884 | -18.3% |
| Amounts receivable within one year | 40/41 | €31,792 | €47,150 | +€15,358 | +48.3% |
| Trade receivables | 40 | €31,792 | €17,995 | -€13,797 | -43.4% |
| Other amounts receivable | 41 | €0 | €29,155 | +€29,155 | |
| Cash at bank and in hand | 54/58 | €179,701 | €124,235 | -€55,466 | -30.9% |
| Deferred charges and accrued income | 490/1 | €5,998 | €6,222 | +€224 | +3.7% |
| Total equity and liabilities | 10/49 | €232,932 | €187,902 | -€45,031 | -19.3% |
| Equity | 10/15 | €62,000 | €62,000 | = | 0.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €170,932 | €125,902 | -€45,031 | -26.3% |
| Amounts payable within one year | 42/48 | €170,911 | €125,866 | -€45,045 | -26.4% |
| Financial debts | 43 | €8,458 | €8,426 | -€32 | -0.4% |
| Credit institutions | 430/8 | €8,458 | €8,426 | -€32 | -0.4% |
| Trade debts | 44 | €101,485 | €48,432 | -€53,053 | -52.3% |
| Suppliers | 440/4 | €101,485 | €48,432 | -€53,053 | -52.3% |
| Taxes, remuneration and social security | 45 | €43,203 | €32,094 | -€11,109 | -25.7% |
| Taxes | 450/3 | €17,050 | €17,251 | +€201 | +1.2% |
| Remuneration and social security | 454/9 | €26,153 | €14,843 | -€11,310 | -43.2% |
| Other amounts payable | 47/48 | €17,764 | €36,913 | +€19,149 | +107.8% |
| Accrued charges and deferred income | 492/3 | €21 | €36 | +€14 | +66.4% |
| Non-recurring operating income | 76A | €0 | €2,593 | +€2,593 | |
| Remuneration, social security and pensions | 62 | €190,336 | €199,037 | +€8,701 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,523 | €5,147 | -€376 | -6.8% |
| Other operating charges | 640/8 | €738 | €758 | +€21 | +2.8% |
| Non-recurring operating charges | 66A | €256 | €0 | -€256 | -100.0% |
| Gross operating margin | 9900 | €454,656 | €266,362 | -€188,294 | -41.4% |
| Operating profit (loss) | 9901 | €257,804 | €61,420 | -€196,384 | -76.2% |
| Financial charges | 65/66B | €6,670 | €7,284 | +€614 | +9.2% |
| Recurring financial charges | 65 | €6,670 | €7,284 | +€614 | +9.2% |
| Profit (loss) for the period before taxes | 9903 | €251,134 | €54,136 | -€196,998 | -78.4% |
| Income taxes | 67/77 | €65,902 | €17,223 | -€48,680 | -73.9% |
| Profit (loss) for the period | 9904 | €185,231 | €36,913 | -€148,318 | -80.1% |
| Profit (loss) for the period to be appropriated | 9905 | €185,231 | €36,913 | -€148,318 | -80.1% |
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.