JUNGLING: 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.
What changed
JUNGLING
NACE 77.320, Rental and leasing activities
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
€1.8m
2025 · €2.5m-€732,742
Equity
€11.8m
2025 · €11.6m+€231,899
Cash
€2.6m
2025 · €2.8m-€232,575
Balance sheet total
€22.6m
2025 · €25.4m-€2.9m
Largest movements
Assets
- Financial fixed assets +€11.1m
up €11.1m (+643,461%), from €1,725 to €11.1m
- Receivables after one year -€10.1m
no longer reported in 2026 (was €10.1m)
- Tangible fixed assets -€2.1m
down €2.1m (-29.4%), from €7.2m to €5.1m
of which Plant, machinery and equipment: -€1.5m
- Current investments -€1.4m
down €1.4m (-47.5%), from €2.9m to €1.5m
Equity and liabilities
- Other debts -€1.9m
down €1.9m (-54.2%), from €3.5m to €1.6m
- Trade debts -€1.5m
down €1.5m (-81.7%), from €1.9m to €341,319
- Provisions -€310,713
down €310,713 (-27.2%), from €1.1m to €831,518
- Short-term financial debts +€268,880
new in 2026: €268,880
Income statement
- Gross operating margin -€712,769
down €712,769 (-10.9%), from €6.5m to €5.8m
- Taxes -€229,521
down €229,521 (-20.7%), from €1.1m to €876,843
- Staff costs +€211,305
up €211,305 (+18.3%), from €1.2m to €1.4m
- Depreciation +€159,801
up €159,801 (+7.7%), from €2.1m to €2.2m
- Financial income +€132,331
up €132,331 (+40.9%), from €323,201 to €455,532
From the 2025 result to the 2026 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 2025
€2.5m
Gross operating margin
-€712,769
Staff costs
-€211,305
Depreciation
-€159,801
Write-downs
-€24,261
Other operating charges
-€2,017
Financial income
+€132,331
Financial charges
+€17,836
Taxes
+€229,521
Deferred taxes and other
-€2,276
Result 2026
€1.8m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€10.8m
Investment
-€9.9m
Financing
-€1.2m
Cash 2025
€2.8m
From operations (derived)
+€10.8m
Net result for the year
+€1.8m
Depreciation
+€2.2m
Receivables after one year
+€10.1m
Receivables within one year
+€207,407
Deferred charges and accrued income
+€26,538
Provisions
-€310,713
Trade debts
-€1.5m
Tax, wage and social debts
+€226,531
Other debts
-€1.9m
Accrued charges and deferred income
-€40,378
Investment (derived)
-€9.9m
Investment in fixed assets (net)
-€11.3m
Current investments
+€1.4m
Financing
-€1.2m
Debts after one year
-€10,344
Current portion of long-term debt
+€141,183
Short-term financial debts
+€268,880
Contributions, distributions and other
-€1.6m
Cash 2026
€2.6m
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €25,443,742 | €22,554,729 | -€2.9m | -11.4% |
| Fixed assets | 21/28 | €7,277,608 | €16,315,216 | +€9.0m | +124% |
| Intangible fixed assets | 21 | €56,785 | €117,255 | +€60,470 | +106% |
| Tangible fixed assets | 22/27 | €7,219,099 | €5,096,076 | -€2.1m | -29.4% |
| Land and buildings | 22 | €90,858 | €93,558 | +€2,700 | +3.0% |
| Plant, machinery and equipment | 23 | €3,316,420 | €1,812,572 | -€1.5m | -45.3% |
| Furniture and vehicles | 24 | €178,312 | €175,436 | -€2,876 | -1.6% |
| Leasing and similar rights | 25 | €3,633,508 | €3,014,511 | -€618,998 | -17.0% |
| Financial fixed assets | 28 | €1,725 | €11,101,885 | +€11.1m | +643,461% |
| Current assets | 29/58 | €18,166,134 | €6,239,513 | -€11.9m | -65.7% |
| Amounts receivable after more than one year | 29 | €10,100,000 | - | -€10.1m | |
| Trade receivables | 290 | €10,100,000 | - | -€10.1m | |
| Amounts receivable within one year | 40/41 | €2,338,544 | €2,131,138 | -€207,407 | -8.9% |
| Trade receivables | 40 | €2,161,670 | €2,109,199 | -€52,471 | -2.4% |
| Other amounts receivable | 41 | €176,875 | €21,939 | -€154,936 | -87.6% |
| Current investments | 50/53 | €2,861,329 | €1,501,228 | -€1.4m | -47.5% |
| Cash at bank and in hand | 54/58 | €2,816,879 | €2,584,304 | -€232,575 | -8.3% |
| Deferred charges and accrued income | 490/1 | €49,381 | €22,843 | -€26,538 | -53.7% |
| Total equity and liabilities | 10/49 | €25,443,742 | €22,554,729 | -€2.9m | -11.4% |
| Equity | 10/15 | €11,563,641 | €11,795,540 | +€231,899 | +2.0% |
| 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% |
| Reserves | 13 | €11,468,906 | €11,692,620 | +€223,714 | +2.0% |
| Non-distributable reserves | 130/1 | €10,288,207 | €10,288,207 | = | 0.0% |
| Legal reserve | 130 | €188,207 | €188,207 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,100,000 | €10,100,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €120,344 | €120,344 | = | 0.0% |
| Distributable reserves | 133 | €1,060,354 | €1,284,069 | +€223,714 | +21.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Investment grants | 15 | €32,735 | €40,920 | +€8,185 | +25.0% |
| Provisions and deferred taxes | 16 | €1,142,231 | €831,518 | -€310,713 | -27.2% |
| Deferred taxes | 168 | €1,142,231 | €831,518 | -€310,713 | -27.2% |
| Amounts payable | 17/49 | €12,737,870 | €9,927,671 | -€2.8m | -22.1% |
| Amounts payable after more than one year | 17 | €6,347,548 | €6,337,205 | -€10,344 | -0.2% |
| Financial debts | 170/4 | €6,347,548 | €6,337,205 | -€10,344 | -0.2% |
| Amounts payable within one year | 42/48 | €6,338,748 | €3,579,270 | -€2.8m | -43.5% |
| Current portion of amounts payable after more than one year | 42 | €926,763 | €1,067,946 | +€141,183 | +15.2% |
| Financial debts | 43 | - | €268,880 | +€268,880 | |
| Credit institutions | 430/8 | - | €268,880 | +€268,880 | |
| Trade debts | 44 | €1,864,293 | €341,319 | -€1.5m | -81.7% |
| Suppliers | 440/4 | €1,864,293 | €341,319 | -€1.5m | -81.7% |
| Taxes, remuneration and social security | 45 | €88,886 | €315,417 | +€226,531 | +255% |
| Taxes | 450/3 | €6,404 | €168,095 | +€161,690 | +2,525% |
| Remuneration and social security | 454/9 | €82,482 | €147,323 | +€64,841 | +78.6% |
| Other amounts payable | 47/48 | €3,458,806 | €1,585,708 | -€1.9m | -54.2% |
| Accrued charges and deferred income | 492/3 | €51,574 | €11,196 | -€40,378 | -78.3% |
| Non-recurring operating income | 76A | - | €22,240 | +€22,240 | |
| Remuneration, social security and pensions | 62 | €1,155,357 | €1,366,661 | +€211,305 | +18.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,063,214 | €2,223,015 | +€159,801 | +7.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,660 | €29,921 | +€24,261 | +429% |
| Other operating charges | 640/8 | €50,327 | €52,345 | +€2,017 | +4.0% |
| Gross operating margin | 9900 | €6,545,187 | €5,832,418 | -€712,769 | -10.9% |
| Operating profit (loss) | 9901 | €3,270,629 | €2,160,476 | -€1.1m | -33.9% |
| Financial income | 75/76B | €323,201 | €455,532 | +€132,331 | +40.9% |
| Recurring financial income | 75 | €323,201 | €455,532 | +€132,331 | +40.9% |
| Financial charges | 65/66B | €284,000 | €266,164 | -€17,836 | -6.3% |
| Recurring financial charges | 65 | €284,000 | €266,164 | -€17,836 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €3,309,830 | €2,349,844 | -€959,986 | -29.0% |
| Transfer from deferred taxes | 780 | €312,990 | €310,713 | -€2,276 | -0.7% |
| Income taxes | 67/77 | €1,106,363 | €876,843 | -€229,521 | -20.7% |
| Profit (loss) for the period | 9904 | €2,516,456 | €1,783,714 | -€732,742 | -29.1% |
| Transfer from tax-exempt reserves | 789 | €938,969 | €932,139 | -€6,829 | -0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €3,455,424 | €2,715,853 | -€739,571 | -21.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.