J'ET: 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.
J'ET
Largest movements
- Receivables within one year -€16,392
down €16,392 (-60.1%), from €27,291 to €10,899
of which Trade receivables: -€12,509
- Tangible fixed assets +€14,034
up €14,034 (+7.3%), from €191,986 to €206,020
of which Land and buildings: +€10,349
- Current investments -€7,551
down €7,551 (-38.8%), from €19,453 to €11,902
- Deferred charges and accrued income -€3,202
down €3,202 (-78.9%), from €4,060 to €858
- Cash -€2,706
down €2,706 (-82.7%), from €3,274 to €568
mainly Investment in fixed assets (net) (-€26,080) and Current portion of long-term debt (-€13,403)
- Current portion of long-term debt -€13,403
down €13,403 (-75.4%), from €17,784 to €4,381
- Trade debts +€8,837
up €8,837 (+200%), from €4,429 to €13,266
- Short-term financial debts -€7,551
no longer reported in 2025 (was €7,551)
- Tax, wage and social debts -€4,067
down €4,067 (-18.2%), from €22,293 to €18,226
of which Taxes: -€3,717
- Taxes -€24,532
down €24,532 (-97.4%), from €25,197 to €665
- Gross operating margin -€23,560
down €23,560 (-43.4%), from €54,259 to €30,699
- Write-downs +€20,000
no longer reported in 2025 (was -€20,000)
- Staff costs -€4,041
down €4,041 (-26.0%), from €15,529 to €11,487
- Depreciation +€3,226
up €3,226 (+36.6%), from €8,820 to €12,046
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 | €246,064 | €230,247 | -€15,818 | -6.4% |
| Fixed assets | 21/28 | €191,986 | €206,020 | +€14,034 | +7.3% |
| Tangible fixed assets | 22/27 | €191,986 | €206,020 | +€14,034 | +7.3% |
| Land and buildings | 22 | €152,838 | €163,187 | +€10,349 | +6.8% |
| Furniture and vehicles | 24 | €276 | €138 | -€138 | -50.0% |
| Other tangible fixed assets | 26 | €38,873 | €42,695 | +€3,823 | +9.8% |
| Current assets | 29/58 | €54,078 | €24,226 | -€29,852 | -55.2% |
| Amounts receivable within one year | 40/41 | €27,291 | €10,899 | -€16,392 | -60.1% |
| Trade receivables | 40 | €12,509 | - | -€12,509 | |
| Other amounts receivable | 41 | €14,781 | €10,899 | -€3,882 | -26.3% |
| Current investments | 50/53 | €19,453 | €11,902 | -€7,551 | -38.8% |
| Cash at bank and in hand | 54/58 | €3,274 | €568 | -€2,706 | -82.7% |
| Deferred charges and accrued income | 490/1 | €4,060 | €858 | -€3,202 | -78.9% |
| Total equity and liabilities | 10/49 | €246,064 | €230,247 | -€15,818 | -6.4% |
| Equity | 10/15 | €164,007 | €162,100 | -€1,907 | -1.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €157,807 | €157,807 | = | 0.0% |
| Distributable reserves | 133 | €157,807 | €157,807 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€1,907 | -€1,907 | |
| Provisions and deferred taxes | 16 | €30,000 | €30,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €30,000 | €30,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €10,000 | €10,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €20,000 | €20,000 | = | 0.0% |
| Amounts payable | 17/49 | €52,057 | €38,146 | -€13,911 | -26.7% |
| Amounts payable within one year | 42/48 | €52,057 | €35,873 | -€16,185 | -31.1% |
| Current portion of amounts payable after more than one year | 42 | €17,784 | €4,381 | -€13,403 | -75.4% |
| Financial debts | 43 | €7,551 | - | -€7,551 | |
| Credit institutions | 430/8 | €7,551 | - | -€7,551 | |
| Trade debts | 44 | €4,429 | €13,266 | +€8,837 | +200% |
| Suppliers | 440/4 | €4,429 | €13,266 | +€8,837 | +200% |
| Taxes, remuneration and social security | 45 | €22,293 | €18,226 | -€4,067 | -18.2% |
| Taxes | 450/3 | €18,098 | €14,381 | -€3,717 | -20.5% |
| Remuneration and social security | 454/9 | €4,195 | €3,845 | -€350 | -8.4% |
| Accrued charges and deferred income | 492/3 | - | €2,274 | +€2,274 | |
| Non-recurring operating income | 76A | €11,500 | - | -€11,500 | |
| Remuneration, social security and pensions | 62 | €15,529 | €11,487 | -€4,041 | -26.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,820 | €12,046 | +€3,226 | +36.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€20,000 | - | +€20,000 | |
| Other operating charges | 640/8 | €6,440 | €5,512 | -€928 | -14.4% |
| Gross operating margin | 9900 | €54,259 | €30,699 | -€23,560 | -43.4% |
| Operating profit (loss) | 9901 | €43,470 | €1,653 | -€41,817 | -96.2% |
| Financial income | 75/76B | €23 | €142 | +€119 | +514% |
| Recurring financial income | 75 | €23 | €142 | +€119 | +514% |
| Financial charges | 65/66B | €1,629 | €3,038 | +€1,409 | +86.5% |
| Recurring financial charges | 65 | €1,629 | €3,038 | +€1,409 | +86.5% |
| Profit (loss) for the period before taxes | 9903 | €41,864 | -€1,242 | -€43,107 | |
| Income taxes | 67/77 | €25,197 | €665 | -€24,532 | -97.4% |
| Profit (loss) for the period | 9904 | €16,667 | -€1,907 | -€18,574 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,667 | -€1,907 | -€18,574 |
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 17 October 2026 via checked.be.