Jondel: what changed
Two fiscal 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.
Jondel
Largest movements
- Tangible fixed assets -€163,717
down €163,717 (-30.3%), from €540,159 to €376,442
of which Land and buildings: -€145,225
- Cash -€12,424
down €12,424 (-5.5%), from €226,022 to €213,598
mainly Debts after one year (-€187,609) and Contributions, distributions and other (-€145,000)
- Receivables within one year -€12,303
down €12,303 (-57.6%), from €21,368 to €9,065
of which Trade receivables: -€12,824
- Debts after one year -€187,609
down €187,609 (-71.3%), from €262,994 to €75,385
- Other debts +€26,147
up €26,147 (+987.3%), from €2,648 to €28,796
- Current portion of long-term debt -€16,587
down €16,587 (-70.3%), from €23,601 to €7,014
- Gross operating margin -€130,843
down €130,843 (-38.2%), from €342,209 to €211,367
- Taxes -€36,524
down €36,524 (-47.1%), from €77,527 to €41,003
- Financial charges +€11,772
up €11,772 (+247.5%), from €4,756 to €16,528
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 | €809,576 | €622,980 | -€186,596 | -23.0% |
| Fixed assets | 21/28 | €542,185 | €378,062 | -€164,123 | -30.3% |
| Intangible fixed assets | 21 | €2,027 | €1,621 | -€406 | -20.0% |
| Tangible fixed assets | 22/27 | €540,159 | €376,442 | -€163,717 | -30.3% |
| Land and buildings | 22 | €501,432 | €356,207 | -€145,225 | -29.0% |
| Plant, machinery and equipment | 23 | €12,354 | €11,486 | -€868 | -7.0% |
| Furniture and vehicles | 24 | €26,373 | €8,749 | -€17,624 | -66.8% |
| Current assets | 29/58 | €267,390 | €244,917 | -€22,473 | -8.4% |
| Amounts receivable within one year | 40/41 | €21,368 | €9,065 | -€12,303 | -57.6% |
| Trade receivables | 40 | €21,368 | €8,544 | -€12,824 | -60.0% |
| Other amounts receivable | 41 | €0 | €520 | +€520 | |
| Current investments | 50/53 | €20,000 | €20,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €226,022 | €213,598 | -€12,424 | -5.5% |
| Deferred charges and accrued income | 490/1 | €0 | €2,254 | +€2,254 | |
| Total equity and liabilities | 10/49 | €809,576 | €622,980 | -€186,596 | -23.0% |
| Equity | 10/15 | €494,660 | €488,046 | -€6,615 | -1.3% |
| Reserves | 13 | €494,660 | €488,046 | -€6,615 | -1.3% |
| Distributable reserves | 133 | €494,660 | €488,046 | -€6,615 | -1.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €314,915 | €134,934 | -€179,981 | -57.2% |
| Amounts payable after more than one year | 17 | €262,994 | €75,385 | -€187,609 | -71.3% |
| Financial debts | 170/4 | €262,994 | €75,385 | -€187,609 | -71.3% |
| Amounts payable within one year | 42/48 | €51,922 | €58,799 | +€6,877 | +13.2% |
| Current portion of amounts payable after more than one year | 42 | €23,601 | €7,014 | -€16,587 | -70.3% |
| Trade debts | 44 | €3,500 | €1,492 | -€2,007 | -57.4% |
| Suppliers | 440/4 | €3,500 | €1,492 | -€2,007 | -57.4% |
| Taxes, remuneration and social security | 45 | €22,173 | €21,497 | -€676 | -3.0% |
| Taxes | 450/3 | €18,973 | €21,497 | +€2,524 | +13.3% |
| Remuneration and social security | 454/9 | €3,200 | €0 | -€3,200 | -100.0% |
| Other amounts payable | 47/48 | €2,648 | €28,796 | +€26,147 | +987.3% |
| Accrued charges and deferred income | 492/3 | - | €750 | +€750 | |
| Non-recurring operating income | 76A | - | €20,745 | +€20,745 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,228 | €14,350 | +€2,123 | +17.4% |
| Other operating charges | 640/8 | €2,088 | €1,600 | -€487 | -23.3% |
| Gross operating margin | 9900 | €342,209 | €211,367 | -€130,843 | -38.2% |
| Operating profit (loss) | 9901 | €327,894 | €195,416 | -€132,478 | -40.4% |
| Financial income | 75/76B | €1,352 | €500 | -€851 | -63.0% |
| Recurring financial income | 75 | €1,352 | €500 | -€851 | -63.0% |
| Financial charges | 65/66B | €4,756 | €16,528 | +€11,772 | +247.5% |
| Recurring financial charges | 65 | €4,756 | €16,528 | +€11,772 | +247.5% |
| Profit (loss) for the period before taxes | 9903 | €324,490 | €179,388 | -€145,102 | -44.7% |
| Income taxes | 67/77 | €77,527 | €41,003 | -€36,524 | -47.1% |
| Profit (loss) for the period | 9904 | €246,963 | €138,385 | -€108,578 | -44.0% |
| Profit (loss) for the period to be appropriated | 9905 | €246,963 | €138,385 | -€108,578 | -44.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.