EXPERIMENTAL JETSET: 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.
EXPERIMENTAL JETSET
Largest movements
- Current investments +€68,865
up €68,865 (+18.6%), from €370,495 to €439,360
- Cash +€66,551
up €66,551 (+50.2%), from €132,518 to €199,069
mainly Other debts (+€247,547) and Net result for the year (+€204,766)
- Receivables after one year -€63,059
down €63,059 (-15.0%), from €421,655 to €358,596
- Receivables within one year +€31,690
up €31,690 (+107%), from €29,622 to €61,312
of which Trade receivables: +€31,690
- Tangible fixed assets -€14,632
down €14,632 (-44.4%), from €32,986 to €18,354
of which Leasing and similar rights: -€11,008
- Other debts +€247,547
up €247,547 (+256%), from €96,878 to €344,426
- Reserves -€161,834
down €161,834 (-20.8%), from €779,104 to €617,270
of which Distributable reserves: -€161,834
- Tax, wage and social debts +€17,282
up €17,282 (+59.8%), from €28,898 to €46,180
- Trade debts -€14,717
down €14,717 (-31.5%), from €46,705 to €31,988
- Financial income +€16,867
up €16,867 (+112%), from €15,086 to €31,954
- Gross operating margin -€14,622
down €14,622 (-5.3%), from €276,910 to €262,288
- Taxes -€3,583
down €3,583 (-4.9%), from €73,666 to €70,083
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 | €1,001,948 | €1,078,993 | +€77,045 | +7.7% |
| Fixed assets | 21/28 | €32,986 | €18,354 | -€14,632 | -44.4% |
| Tangible fixed assets | 22/27 | €32,986 | €18,354 | -€14,632 | -44.4% |
| Plant, machinery and equipment | 23 | €1,658 | €973 | -€685 | -41.3% |
| Furniture and vehicles | 24 | €11,754 | €8,815 | -€2,939 | -25.0% |
| Leasing and similar rights | 25 | €19,574 | €8,565 | -€11,008 | -56.2% |
| Current assets | 29/58 | €968,962 | €1,060,639 | +€91,677 | +9.5% |
| Amounts receivable after more than one year | 29 | €421,655 | €358,596 | -€63,059 | -15.0% |
| Other amounts receivable | 291 | €421,655 | €358,596 | -€63,059 | -15.0% |
| Amounts receivable within one year | 40/41 | €29,622 | €61,312 | +€31,690 | +107% |
| Trade receivables | 40 | €26,557 | €58,246 | +€31,690 | +119% |
| Other amounts receivable | 41 | €3,066 | €3,066 | = | 0.0% |
| Current investments | 50/53 | €370,495 | €439,360 | +€68,865 | +18.6% |
| Cash at bank and in hand | 54/58 | €132,518 | €199,069 | +€66,551 | +50.2% |
| Deferred charges and accrued income | 490/1 | €14,672 | €2,302 | -€12,370 | -84.3% |
| Total equity and liabilities | 10/49 | €1,001,948 | €1,078,993 | +€77,045 | +7.7% |
| Equity | 10/15 | €779,105 | €617,271 | -€161,834 | -20.8% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €779,104 | €617,270 | -€161,834 | -20.8% |
| Tax-exempt reserves | 132 | €991 | €991 | = | 0.0% |
| Distributable reserves | 133 | €778,113 | €616,278 | -€161,834 | -20.8% |
| Provisions and deferred taxes | 16 | €21,500 | €21,500 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €21,500 | €21,500 | = | 0.0% |
| Pensions and similar obligations | 160 | €21,500 | €21,500 | = | 0.0% |
| Amounts payable | 17/49 | €201,343 | €440,222 | +€238,879 | +119% |
| Amounts payable after more than one year | 17 | €8,471 | - | -€8,471 | |
| Financial debts | 170/4 | €8,471 | - | -€8,471 | |
| Amounts payable within one year | 42/48 | €192,872 | €440,222 | +€247,350 | +128% |
| Current portion of amounts payable after more than one year | 42 | €10,248 | €7,533 | -€2,715 | -26.5% |
| Financial debts | 43 | €10,142 | €10,095 | -€47 | -0.5% |
| Credit institutions | 430/8 | €10,142 | €10,095 | -€47 | -0.5% |
| Trade debts | 44 | €46,705 | €31,988 | -€14,717 | -31.5% |
| Suppliers | 440/4 | €46,705 | €31,988 | -€14,717 | -31.5% |
| Taxes, remuneration and social security | 45 | €28,898 | €46,180 | +€17,282 | +59.8% |
| Taxes | 450/3 | €28,898 | €46,180 | +€17,282 | +59.8% |
| Other amounts payable | 47/48 | €96,878 | €344,426 | +€247,547 | +256% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,445 | €14,632 | +€187 | +1.3% |
| Other operating charges | 640/8 | €2,139 | €2,034 | -€106 | -4.9% |
| Gross operating margin | 9900 | €276,910 | €262,288 | -€14,622 | -5.3% |
| Operating profit (loss) | 9901 | €260,327 | €245,623 | -€14,704 | -5.6% |
| Financial income | 75/76B | €15,086 | €31,954 | +€16,867 | +112% |
| Recurring financial income | 75 | €15,086 | €31,954 | +€16,867 | +112% |
| Financial charges | 65/66B | €1,968 | €2,728 | +€760 | +38.6% |
| Recurring financial charges | 65 | €1,968 | €2,728 | +€760 | +38.6% |
| Profit (loss) for the period before taxes | 9903 | €273,445 | €274,849 | +€1,403 | +0.5% |
| Income taxes | 67/77 | €73,666 | €70,083 | -€3,583 | -4.9% |
| Profit (loss) for the period | 9904 | €199,779 | €204,766 | +€4,986 | +2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €199,779 | €204,766 | +€4,986 | +2.5% |
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 16 October 2026 via checked.be.