jes: 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.
jes
Largest movements
- Cash -€272,362
down €272,362 (-16.1%), from €1.7m to €1.4m
mainly Debts within one year (-€285,167) and Accrued charges and deferred income (-€71,776)
- Receivables within one year -€136,093
down €136,093 (-13.4%), from €1.0m to €877,268
of which Other amounts receivable: -€182,148
- Debts within one year -€285,167
down €285,167 (-19.6%), from €1.5m to €1.2m
- Accrued charges and deferred income -€71,776
down €71,776 (-32.9%), from €218,208 to €146,432
- Provisions -€42,429
down €42,429 (-18.8%), from €225,097 to €182,668
- Staff costs -€187,471
down €187,471 (-2.7%), from €6.9m to €6.7m
- Gross operating margin +€154,612
up €154,612 (+2.3%), from €6.6m to €6.8m
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
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 | €3,060,649 | €2,652,927 | -€407,723 | -13.3% |
| Fixed assets | 21/28 | €334,708 | €311,094 | -€23,614 | -7.1% |
| Intangible fixed assets | 21 | €1,602 | €871 | -€730 | -45.6% |
| Tangible fixed assets | 22/27 | €333,007 | €309,223 | -€23,784 | -7.1% |
| Land and buildings | 22 | €232,859 | €210,127 | -€22,732 | -9.8% |
| Plant, machinery and equipment | 23 | €59,338 | €58,455 | -€883 | -1.5% |
| Furniture and vehicles | 24 | €40,810 | €40,641 | -€169 | -0.4% |
| Financial fixed assets | 28 | €100 | €1,000 | +€900 | +900.0% |
| Current assets | 29/58 | €2,725,941 | €2,341,833 | -€384,108 | -14.1% |
| Amounts receivable within one year | 40/41 | €1,013,361 | €877,268 | -€136,093 | -13.4% |
| Trade receivables | 40 | €154,173 | €200,229 | +€46,055 | +29.9% |
| Other amounts receivable | 41 | €859,188 | €677,039 | -€182,148 | -21.2% |
| Cash at bank and in hand | 54/58 | €1,687,835 | €1,415,473 | -€272,362 | -16.1% |
| Deferred charges and accrued income | 490/1 | €24,746 | €49,092 | +€24,346 | +98.4% |
| Total equity and liabilities | 10/49 | €3,060,649 | €2,652,927 | -€407,723 | -13.3% |
| Equity | 10/15 | €1,160,150 | €1,151,799 | -€8,351 | -0.7% |
| Reserves | 13 | €678,944 | €678,944 | = | 0.0% |
| Profit (loss) carried forward | 14 | €273,907 | €280,465 | +€6,557 | +2.4% |
| Investment grants | 15 | €207,299 | €192,391 | -€14,908 | -7.2% |
| Provisions and deferred taxes | 16 | €225,097 | €182,668 | -€42,429 | -18.8% |
| Provisions for liabilities and charges | 160/5 | €225,097 | €182,668 | -€42,429 | -18.8% |
| Pensions and similar obligations | 160 | €40,222 | €0 | -€40,222 | -100.0% |
| Other liabilities and charges | 164/5 | €184,874 | €182,668 | -€2,206 | -1.2% |
| Amounts payable | 17/49 | €1,675,403 | €1,318,460 | -€356,943 | -21.3% |
| Amounts payable within one year | 42/48 | €1,457,195 | €1,172,028 | -€285,167 | -19.6% |
| Trade debts | 44 | €100,251 | €58,540 | -€41,711 | -41.6% |
| Suppliers | 440/4 | €100,251 | €58,540 | -€41,711 | -41.6% |
| Advances received on contracts in progress | 46 | €59,699 | €59,293 | -€407 | -0.7% |
| Taxes, remuneration and social security | 45 | €1,108,003 | €998,054 | -€109,949 | -9.9% |
| Taxes | 450/3 | €196,764 | €188,395 | -€8,369 | -4.3% |
| Remuneration and social security | 454/9 | €911,239 | €809,658 | -€101,581 | -11.1% |
| Accrued charges and deferred income | 492/3 | €218,208 | €146,432 | -€71,776 | -32.9% |
| Non-recurring operating income | 76A | €10,697 | €1,000 | -€9,697 | -90.7% |
| Remuneration, social security and pensions | 62 | €6,865,091 | €6,677,619 | -€187,471 | -2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,803 | €62,033 | -€4,770 | -7.1% |
| Other operating charges | 640/8 | €15,216 | €14,343 | -€873 | -5.7% |
| Non-recurring operating charges | 66A | €21,668 | €57,029 | +€35,361 | +163.2% |
| Gross operating margin | 9900 | €6,599,876 | €6,754,488 | +€154,612 | +2.3% |
| Operating profit (loss) | 9901 | -€404,295 | -€14,108 | +€390,187 | +96.5% |
| Financial income | 75/76B | €33,206 | €21,878 | -€11,328 | -34.1% |
| Recurring financial income | 75 | €33,206 | €21,878 | -€11,328 | -34.1% |
| Financial charges | 65/66B | €902 | €1,213 | +€311 | +34.4% |
| Recurring financial charges | 65 | €902 | €1,213 | +€311 | +34.4% |
| Profit (loss) for the period before taxes | 9903 | -€371,991 | €6,557 | +€378,549 | |
| Profit (loss) for the period | 9904 | -€371,991 | €6,557 | +€378,549 | |
| Profit (loss) for the period to be appropriated | 9905 | -€371,991 | €6,557 | +€378,549 |
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 1 October 2026 via checked.be.