Jes Projects: 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.
Jes Projects
Largest movements
- Intangible fixed assets +€12,653
up €12,653 (+12.8%), from €99,142 to €111,795
- Receivables within one year -€2,584
down €2,584 (-17.8%), from €14,511 to €11,927
of which Other amounts receivable: -€4,745
- Trade debts +€9,205
up €9,205 (+75.0%), from €12,276 to €21,481
- Tax, wage and social debts -€5,448
down €5,448 (-58.5%), from €9,309 to €3,861
- Other debts +€2,855
up €2,855 (+5.0%), from €56,923 to €59,777
- Short-term financial debts +€1,925
up €1,925 (+35.3%), from €5,449 to €7,374
- Financial charges +€2,848
up €2,848 (+115.5%), from €2,466 to €5,314
- Other operating charges +€1,742
up €1,742 (+173.2%), from €1,005 to €2,747
- Depreciation +€1,455
up €1,455 (+7.8%), from €18,650 to €20,104
- Taxes -€1,389
down €1,389 (-55.1%), from €2,520 to €1,130
- Gross operating margin -€1,085
down €1,085 (-3.5%), from €30,828 to €29,743
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 | €119,482 | €128,513 | +€9,030 | +7.6% |
| Fixed assets | 21/28 | €100,759 | €112,411 | +€11,653 | +11.6% |
| Intangible fixed assets | 21 | €99,142 | €111,795 | +€12,653 | +12.8% |
| Tangible fixed assets | 22/27 | €1,616 | €616 | -€1,000 | -61.9% |
| Plant, machinery and equipment | 23 | €1,536 | €586 | -€950 | -61.9% |
| Furniture and vehicles | 24 | €81 | €31 | -€50 | -61.9% |
| Current assets | 29/58 | €18,724 | €16,102 | -€2,622 | -14.0% |
| Stocks and contracts in progress | 3 | €3,151 | €3,096 | -€55 | -1.7% |
| Stocks | 30/36 | €3,151 | €3,096 | -€55 | -1.7% |
| Amounts receivable within one year | 40/41 | €14,511 | €11,927 | -€2,584 | -17.8% |
| Trade receivables | 40 | €3,343 | €5,504 | +€2,161 | +64.6% |
| Other amounts receivable | 41 | €11,168 | €6,423 | -€4,745 | -42.5% |
| Cash at bank and in hand | 54/58 | €516 | €229 | -€287 | -55.6% |
| Deferred charges and accrued income | 490/1 | €546 | €850 | +€304 | +55.6% |
| Total equity and liabilities | 10/49 | €119,482 | €128,513 | +€9,030 | +7.6% |
| Equity | 10/15 | €35,525 | €36,019 | +€494 | +1.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,525 | €35,019 | +€494 | +1.4% |
| Amounts payable | 17/49 | €83,957 | €92,494 | +€8,537 | +10.2% |
| Amounts payable within one year | 42/48 | €83,957 | €92,494 | +€8,537 | +10.2% |
| Financial debts | 43 | €5,449 | €7,374 | +€1,925 | +35.3% |
| Credit institutions | 430/8 | €5,449 | €7,374 | +€1,925 | +35.3% |
| Trade debts | 44 | €12,276 | €21,481 | +€9,205 | +75.0% |
| Suppliers | 440/4 | €12,276 | €21,481 | +€9,205 | +75.0% |
| Taxes, remuneration and social security | 45 | €9,309 | €3,861 | -€5,448 | -58.5% |
| Taxes | 450/3 | €9,309 | €3,861 | -€5,448 | -58.5% |
| Other amounts payable | 47/48 | €56,923 | €59,777 | +€2,855 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,650 | €20,104 | +€1,455 | +7.8% |
| Other operating charges | 640/8 | €1,005 | €2,747 | +€1,742 | +173.2% |
| Gross operating margin | 9900 | €30,828 | €29,743 | -€1,085 | -3.5% |
| Operating profit (loss) | 9901 | €11,173 | €6,892 | -€4,281 | -38.3% |
| Financial income | 75/76B | €815 | €46 | -€769 | -94.3% |
| Recurring financial income | 75 | €815 | €46 | -€769 | -94.3% |
| Financial charges | 65/66B | €2,466 | €5,314 | +€2,848 | +115.5% |
| Recurring financial charges | 65 | €2,466 | €5,314 | +€2,848 | +115.5% |
| Profit (loss) for the period before taxes | 9903 | €9,521 | €1,624 | -€7,897 | -82.9% |
| Income taxes | 67/77 | €2,520 | €1,130 | -€1,389 | -55.1% |
| Profit (loss) for the period | 9904 | €7,002 | €494 | -€6,508 | -92.9% |
| Profit (loss) for the period to be appropriated | 9905 | €7,002 | €494 | -€6,508 | -92.9% |
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 10 October 2026 via checked.be.