JONELL: 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.
JONELL
Largest movements
- Tangible fixed assets +€53,651
up €53,651 (+191.2%), from €28,064 to €81,714
of which Furniture and vehicles: +€47,737
- Cash +€23,142
up €23,142 (+15.2%), from €152,057 to €175,200
mainly Net result for the year (+€57,329) and Debts after one year (+€21,862)
- Reserves +€57,329
up €57,329 (+64.8%), from €88,499 to €145,827
- Debts after one year +€21,862
up €21,862 (+80.8%), from €27,060 to €48,922
- Tax, wage and social debts -€17,800
down €17,800 (-31.1%), from €57,288 to €39,487
of which Taxes: -€17,848
- Current portion of long-term debt +€11,234
up €11,234 (+121.2%), from €9,269 to €20,503
- Trade debts +€3,563
up €3,563 (+39.8%), from €8,958 to €12,522
- Gross operating margin -€84,255
down €84,255 (-30.3%), from €278,305 to €194,050
- Staff costs -€32,380
down €32,380 (-26.3%), from €123,128 to €90,749
- Taxes -€10,037
down €10,037 (-40.7%), from €24,630 to €14,594
- Other operating charges -€8,388
down €8,388 (-48.4%), from €17,327 to €8,940
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 | €197,506 | €273,097 | +€75,590 | +38.3% |
| Fixed assets | 21/28 | €40,810 | €92,960 | +€52,151 | +127.8% |
| Intangible fixed assets | 21 | €12,746 | €11,246 | -€1,500 | -11.8% |
| Tangible fixed assets | 22/27 | €28,064 | €81,714 | +€53,651 | +191.2% |
| Plant, machinery and equipment | 23 | €23,726 | €30,139 | +€6,414 | +27.0% |
| Furniture and vehicles | 24 | €3,590 | €51,326 | +€47,737 | +1329.9% |
| Other tangible fixed assets | 26 | €749 | €249 | -€500 | -66.8% |
| Current assets | 29/58 | €156,696 | €180,136 | +€23,440 | +15.0% |
| Stocks and contracts in progress | 3 | €3,743 | €3,907 | +€164 | +4.4% |
| Stocks | 30/36 | €3,743 | €3,907 | +€164 | +4.4% |
| Amounts receivable within one year | 40/41 | €362 | €638 | +€275 | +76.0% |
| Trade receivables | 40 | €362 | €638 | +€275 | +76.0% |
| Cash at bank and in hand | 54/58 | €152,057 | €175,200 | +€23,142 | +15.2% |
| Deferred charges and accrued income | 490/1 | €533 | €392 | -€142 | -26.5% |
| Total equity and liabilities | 10/49 | €197,506 | €273,097 | +€75,590 | +38.3% |
| Equity | 10/15 | €91,499 | €148,827 | +€57,329 | +62.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €88,499 | €145,827 | +€57,329 | +64.8% |
| Distributable reserves | 133 | €88,499 | €145,827 | +€57,329 | +64.8% |
| Amounts payable | 17/49 | €106,007 | €124,269 | +€18,262 | +17.2% |
| Amounts payable after more than one year | 17 | €27,060 | €48,922 | +€21,862 | +80.8% |
| Financial debts | 170/4 | €27,060 | €48,922 | +€21,862 | +80.8% |
| Amounts payable within one year | 42/48 | €78,948 | €75,347 | -€3,600 | -4.6% |
| Current portion of amounts payable after more than one year | 42 | €9,269 | €20,503 | +€11,234 | +121.2% |
| Trade debts | 44 | €8,958 | €12,522 | +€3,563 | +39.8% |
| Suppliers | 440/4 | €8,958 | €12,522 | +€3,563 | +39.8% |
| Taxes, remuneration and social security | 45 | €57,288 | €39,487 | -€17,800 | -31.1% |
| Taxes | 450/3 | €47,996 | €30,148 | -€17,848 | -37.2% |
| Remuneration and social security | 454/9 | €9,292 | €9,339 | +€47 | +0.5% |
| Other amounts payable | 47/48 | €3,433 | €2,835 | -€598 | -17.4% |
| Remuneration, social security and pensions | 62 | €123,128 | €90,749 | -€32,380 | -26.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,769 | €20,002 | +€233 | +1.2% |
| Other operating charges | 640/8 | €17,327 | €8,940 | -€8,388 | -48.4% |
| Non-recurring operating charges | 66A | €50 | - | -€50 | |
| Gross operating margin | 9900 | €278,305 | €194,050 | -€84,255 | -30.3% |
| Operating profit (loss) | 9901 | €118,030 | €74,360 | -€43,670 | -37.0% |
| Financial income | 75/76B | €15 | - | -€15 | |
| Recurring financial income | 75 | €15 | - | -€15 | |
| Financial charges | 65/66B | €4,917 | €2,438 | -€2,479 | -50.4% |
| Recurring financial charges | 65 | €4,917 | €2,438 | -€2,479 | -50.4% |
| Profit (loss) for the period before taxes | 9903 | €113,129 | €71,922 | -€41,207 | -36.4% |
| Income taxes | 67/77 | €24,630 | €14,594 | -€10,037 | -40.7% |
| Profit (loss) for the period | 9904 | €88,499 | €57,329 | -€31,170 | -35.2% |
| Profit (loss) for the period to be appropriated | 9905 | €88,499 | €57,329 | -€31,170 | -35.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.