JELENA: 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.
JELENA
Largest movements
- Tangible fixed assets -€22,347
down €22,347 (-4.8%), from €460,899 to €438,551
of which Land and buildings: -€19,972
- Deferred charges and accrued income -€5,974
down €5,974 (-41.9%), from €14,267 to €8,292
- Debts after one year -€47,084
down €47,084 (-17.6%), from €268,239 to €221,156
- Reserves +€9,863
up €9,863 (+6.6%), from €149,486 to €159,350
- Tax, wage and social debts +€6,536
up €6,536 (+24.2%), from €26,974 to €33,511
- Gross operating margin +€56,557
up €56,557 (+57.4%), from €98,455 to €155,012
- Taxes +€15,774
up €15,774 (+63.5%), from €24,838 to €40,612
- Other operating charges -€3,057
down €3,057 (-61.4%), from €4,978 to €1,921
- Financial charges -€1,691
down €1,691 (-14.5%), from €11,632 to €9,941
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €512,785 | €489,021 | -€23,764 | -4.6% |
| Fixed assets | 21/28 | €461,656 | €439,309 | -€22,347 | -4.8% |
| Tangible fixed assets | 22/27 | €460,899 | €438,551 | -€22,347 | -4.8% |
| Land and buildings | 22 | €456,798 | €436,826 | -€19,972 | -4.4% |
| Plant, machinery and equipment | 23 | €1,902 | €1,392 | -€510 | -26.8% |
| Furniture and vehicles | 24 | €2,199 | €334 | -€1,865 | -84.8% |
| Financial fixed assets | 28 | €758 | €758 | = | 0.0% |
| Current assets | 29/58 | €51,129 | €49,712 | -€1,417 | -2.8% |
| Amounts receivable within one year | 40/41 | €36,863 | €41,420 | +€4,558 | +12.4% |
| Trade receivables | 40 | €26,341 | €12,000 | -€14,341 | -54.4% |
| Other amounts receivable | 41 | €10,522 | €29,420 | +€18,898 | +179.6% |
| Deferred charges and accrued income | 490/1 | €14,267 | €8,292 | -€5,974 | -41.9% |
| Total equity and liabilities | 10/49 | €512,785 | €489,021 | -€23,764 | -4.6% |
| Equity | 10/15 | €168,036 | €177,900 | +€9,863 | +5.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €149,486 | €159,350 | +€9,863 | +6.6% |
| Distributable reserves | 133 | €149,486 | €159,350 | +€9,863 | +6.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €344,749 | €311,122 | -€33,627 | -9.8% |
| Amounts payable after more than one year | 17 | €268,239 | €221,156 | -€47,084 | -17.6% |
| Financial debts | 170/4 | €268,239 | €221,156 | -€47,084 | -17.6% |
| Amounts payable within one year | 42/48 | €76,256 | €89,966 | +€13,710 | +18.0% |
| Current portion of amounts payable after more than one year | 42 | €45,359 | €47,084 | +€1,725 | +3.8% |
| Financial debts | 43 | €2,823 | €4,929 | +€2,106 | +74.6% |
| Credit institutions | 430/8 | €2,823 | €4,929 | +€2,106 | +74.6% |
| Trade debts | 44 | €1,100 | €4,443 | +€3,343 | +304.1% |
| Suppliers | 440/4 | €1,100 | €4,443 | +€3,343 | +304.1% |
| Taxes, remuneration and social security | 45 | €26,974 | €33,511 | +€6,536 | +24.2% |
| Taxes | 450/3 | €26,974 | €33,511 | +€6,536 | +24.2% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €254 | €0 | -€254 | -100.0% |
| Non-recurring operating income | 76A | €40,079 | €0 | -€40,079 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,583 | €22,347 | -€236 | -1.0% |
| Other operating charges | 640/8 | €4,978 | €1,921 | -€3,057 | -61.4% |
| Gross operating margin | 9900 | €98,455 | €155,012 | +€56,557 | +57.4% |
| Operating profit (loss) | 9901 | €70,894 | €130,744 | +€59,850 | +84.4% |
| Financial income | 75/76B | €3,554 | €3,015 | -€539 | -15.2% |
| Recurring financial income | 75 | €3,554 | €3,015 | -€539 | -15.2% |
| Financial charges | 65/66B | €11,632 | €9,941 | -€1,691 | -14.5% |
| Recurring financial charges | 65 | €11,632 | €9,941 | -€1,691 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | €62,816 | €123,818 | +€61,002 | +97.1% |
| Income taxes | 67/77 | €24,838 | €40,612 | +€15,774 | +63.5% |
| Profit (loss) for the period | 9904 | €37,978 | €83,206 | +€45,228 | +119.1% |
| Profit (loss) for the period to be appropriated | 9905 | €37,978 | €83,206 | +€45,228 | +119.1% |
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 8 October 2026 via checked.be.