JONELCO: 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.
What changed
JONELCO
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€10,804
2024 · -€9,160+€19,963
Equity
€1.6m
2024 · €1.5m+€10,804
Cash
€28,338
2024 · €10,752+€17,585
Balance sheet total
€2.8m
2024 · €2.9m-€67,394
Largest movements
Assets
- Stocks and contracts -€143,652
down €143,652 (-100.0%), from €143,652 to €0
- Tangible fixed assets +€59,336
up €59,336 (+2.2%), from €2.7m to €2.8m
Equity and liabilities
- Debts after one year -€49,339
down €49,339 (-16.2%), from €305,452 to €256,113
- Current portion of long-term debt -€41,142
down €41,142 (-45.5%), from €90,481 to €49,339
Income statement
- Gross operating margin +€14,786
up €14,786 (+15.4%), from €95,856 to €110,642
- Financial charges -€3,110
down €3,110 (-28.3%), from €11,004 to €7,894
- Financial income +€2,105
new in 2025: €2,105
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.
Result 2024
-€9,160
Gross operating margin
+€14,786
Other operating charges
-€119
Financial income
+€2,105
Financial charges
+€3,110
Taxes
+€82
Result 2025
€10,804
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.
From operations
+€251,718
Investment
-€143,652
Financing
-€90,481
Cash 2024
€10,752
From operations (derived)
+€251,718
Net result for the year
+€10,804
Depreciation
+€84,316
Stocks and contracts
+€143,652
Receivables within one year
+€663
Provisions
-€1,723
Trade debts
-€3,158
Tax, wage and social debts
+€60
Other debts
+€17,103
Investment (derived)
-€143,652
Investment in fixed assets (net)
-€143,652
Financing
-€90,481
Debts after one year
-€49,339
Current portion of long-term debt
-€41,142
Cash 2025
€28,338
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,898,536 | €2,831,142 | -€67,394 | -2.3% |
| Fixed assets | 21/28 | €2,743,468 | €2,802,804 | +€59,336 | +2.2% |
| Tangible fixed assets | 22/27 | €2,743,468 | €2,802,804 | +€59,336 | +2.2% |
| Land and buildings | 22 | €2,743,468 | €2,802,804 | +€59,336 | +2.2% |
| Current assets | 29/58 | €155,068 | €28,338 | -€126,730 | -81.7% |
| Stocks and contracts in progress | 3 | €143,652 | €0 | -€143,652 | -100.0% |
| Stocks | 30/36 | €143,652 | €0 | -€143,652 | -100.0% |
| Amounts receivable within one year | 40/41 | €663 | €0 | -€663 | -100.0% |
| Trade receivables | 40 | €663 | €0 | -€663 | -100.0% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €10,752 | €28,338 | +€17,585 | +163.5% |
| Total equity and liabilities | 10/49 | €2,898,536 | €2,831,142 | -€67,394 | -2.3% |
| Equity | 10/15 | €1,541,957 | €1,552,761 | +€10,804 | +0.7% |
| 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% |
| Reserves | 13 | €1,479,957 | €1,490,761 | +€10,804 | +0.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €62,028 | €56,859 | -€5,169 | -8.3% |
| Distributable reserves | 133 | €1,411,729 | €1,427,702 | +€15,973 | +1.1% |
| Provisions and deferred taxes | 16 | €20,676 | €18,953 | -€1,723 | -8.3% |
| Deferred taxes | 168 | €20,676 | €18,953 | -€1,723 | -8.3% |
| Amounts payable | 17/49 | €1,335,904 | €1,259,429 | -€76,475 | -5.7% |
| Amounts payable after more than one year | 17 | €305,452 | €256,113 | -€49,339 | -16.2% |
| Financial debts | 170/4 | €305,452 | €256,113 | -€49,339 | -16.2% |
| Amounts payable within one year | 42/48 | €1,030,451 | €1,003,315 | -€27,136 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | €90,481 | €49,339 | -€41,142 | -45.5% |
| Trade debts | 44 | €9,398 | €6,240 | -€3,158 | -33.6% |
| Suppliers | 440/4 | €9,398 | €6,240 | -€3,158 | -33.6% |
| Taxes, remuneration and social security | 45 | €38 | €99 | +€60 | +157.4% |
| Taxes | 450/3 | €38 | €99 | +€60 | +157.4% |
| Other amounts payable | 47/48 | €930,534 | €947,637 | +€17,103 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,316 | €84,316 | = | 0.0% |
| Other operating charges | 640/8 | €11,337 | €11,455 | +€119 | +1.0% |
| Gross operating margin | 9900 | €95,856 | €110,642 | +€14,786 | +15.4% |
| Operating profit (loss) | 9901 | €203 | €14,871 | +€14,667 | +7212.0% |
| Financial income | 75/76B | - | €2,105 | +€2,105 | |
| Recurring financial income | 75 | - | €2,105 | +€2,105 | |
| Financial charges | 65/66B | €11,004 | €7,894 | -€3,110 | -28.3% |
| Recurring financial charges | 65 | €11,004 | €7,894 | -€3,110 | -28.3% |
| Profit (loss) for the period before taxes | 9903 | -€10,800 | €9,081 | +€19,881 | |
| Transfer from deferred taxes | 780 | €1,723 | €1,723 | = | 0.0% |
| Income taxes | 67/77 | €82 | €0 | -€82 | -100.0% |
| Profit (loss) for the period | 9904 | -€9,160 | €10,804 | +€19,963 | |
| Transfer from tax-exempt reserves | 789 | €5,169 | €5,169 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,991 | €15,973 | +€19,963 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.