ETS JOUQUET: 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.
ETS JOUQUET
Largest movements
- Stocks and contracts -€3,619
down €3,619 (-64.5%), from €5,611 to €1,992
- Receivables after one year -€538
down €538 (-15.1%), from €3,561 to €3,023
of which Trade receivables: -€348
- Reserves -€4,201
no longer reported in 2025 (was €4,201)
- Purchases and services +€1,710
up €1,710, from €0 to €1,710
- Other operating charges -€959
down €959 (-17.6%), from €5,441 to €4,482
- Turnover -€860
down €860 (-8.1%), from €10,670 to €9,810
- Gross operating margin -€860
down €860 (-8.1%), from €10,670 to €9,810
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.
Derived cash bridge
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 | €9,201 | €5,015 | -€4,186 | -45.5% |
| Current assets | 29/58 | €9,201 | €5,015 | -€4,186 | -45.5% |
| Amounts receivable after more than one year | 29 | €3,561 | €3,023 | -€538 | -15.1% |
| Trade receivables | 290 | €2,813 | €2,465 | -€348 | -12.4% |
| Other amounts receivable | 291 | €748 | €558 | -€190 | -25.4% |
| Stocks and contracts in progress | 3 | €5,611 | €1,992 | -€3,619 | -64.5% |
| Stocks | 30/36 | €5,611 | €1,992 | -€3,619 | -64.5% |
| Cash at bank and in hand | 54/58 | €29 | - | -€29 | |
| Total equity and liabilities | 10/49 | €9,201 | €5,015 | -€4,186 | -45.5% |
| Equity | 10/15 | €9,201 | €5,000 | -€4,201 | -45.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | €5,000 | = | 0.0% |
| Issued capital | 100 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €4,201 | - | -€4,201 | |
| Non-distributable reserves | 130/1 | €4,201 | - | -€4,201 | |
| Financial assistance | 1313 | €4,201 | - | -€4,201 | |
| Amounts payable | 17/49 | - | €15 | +€15 | |
| Amounts payable after more than one year | 17 | - | €15 | +€15 | |
| Other amounts payable | 178/9 | - | €15 | +€15 | |
| Turnover | 70 | €10,670 | €9,810 | -€860 | -8.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €1,710 | +€1,710 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,229 | €5,328 | +€99 | +1.9% |
| Other operating charges | 640/8 | €5,441 | €4,482 | -€959 | -17.6% |
| Gross operating margin | 9900 | €10,670 | €9,810 | -€860 | -8.1% |
| Operating profit (loss) | 9901 | €0 | €0 | = | |
| Profit (loss) for the period before taxes | 9903 | €0 | €0 | = | |
| Profit (loss) for the period | 9904 | €0 | €0 | = | |
| Profit (loss) for the period to be appropriated | 9905 | €0 | €0 | = |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.