JES-THO: 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-THO
Largest movements
- Tangible fixed assets +€7,982
up €7,982 (+1.9%), from €422,994 to €430,976
of which Furniture and vehicles: +€7,939
- Other debts +€27,454
up €27,454 (+21.5%), from €127,742 to €155,196
- Debts after one year -€15,581
down €15,581 (-6.1%), from €254,620 to €239,040
- Profit (loss) carried forward -€10,874
down €10,874 (-92.3%), from €11,787 to €912
- Gross operating margin -€6,871
down €6,871 (-20.7%), from €33,123 to €26,251
- Depreciation +€3,464
up €3,464 (+16.1%), from €21,491 to €24,956
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 | €429,513 | €435,467 | +€5,954 | +1.4% |
| Fixed assets | 21/28 | €422,994 | €430,976 | +€7,982 | +1.9% |
| Tangible fixed assets | 22/27 | €422,994 | €430,976 | +€7,982 | +1.9% |
| Land and buildings | 22 | €422,994 | €423,037 | +€43 | 0.0% |
| Furniture and vehicles | 24 | - | €7,939 | +€7,939 | |
| Current assets | 29/58 | €6,519 | €4,491 | -€2,028 | -31.1% |
| Amounts receivable within one year | 40/41 | €3,481 | €1,894 | -€1,587 | -45.6% |
| Trade receivables | 40 | €1,967 | €111 | -€1,855 | -94.3% |
| Other amounts receivable | 41 | €1,514 | €1,782 | +€268 | +17.7% |
| Cash at bank and in hand | 54/58 | €2,464 | €2,363 | -€101 | -4.1% |
| Deferred charges and accrued income | 490/1 | €574 | €234 | -€340 | -59.2% |
| Total equity and liabilities | 10/49 | €429,513 | €435,467 | +€5,954 | +1.4% |
| Equity | 10/15 | €30,598 | €19,723 | -€10,874 | -35.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €211 | €211 | = | 0.0% |
| Non-distributable reserves | 130/1 | €211 | €211 | = | 0.0% |
| Reserves not available under the articles | 1311 | €211 | €211 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,787 | €912 | -€10,874 | -92.3% |
| Amounts payable | 17/49 | €398,915 | €415,744 | +€16,829 | +4.2% |
| Amounts payable after more than one year | 17 | €254,620 | €239,040 | -€15,581 | -6.1% |
| Financial debts | 170/4 | €254,620 | €239,040 | -€15,581 | -6.1% |
| Amounts payable within one year | 42/48 | €143,419 | €174,529 | +€31,109 | +21.7% |
| Current portion of amounts payable after more than one year | 42 | €15,050 | €15,581 | +€531 | +3.5% |
| Trade debts | 44 | €627 | €3,049 | +€2,422 | +386.0% |
| Suppliers | 440/4 | €627 | €3,049 | +€2,422 | +386.0% |
| Taxes, remuneration and social security | 45 | - | €703 | +€703 | |
| Taxes | 450/3 | - | €703 | +€703 | |
| Other amounts payable | 47/48 | €127,742 | €155,196 | +€27,454 | +21.5% |
| Accrued charges and deferred income | 492/3 | €875 | €2,175 | +€1,300 | +148.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,491 | €24,956 | +€3,464 | +16.1% |
| Other operating charges | 640/8 | €2,174 | €2,272 | +€97 | +4.5% |
| Gross operating margin | 9900 | €33,123 | €26,251 | -€6,871 | -20.7% |
| Operating profit (loss) | 9901 | €9,457 | -€976 | -€10,433 | |
| Financial charges | 65/66B | €10,114 | €9,899 | -€216 | -2.1% |
| Recurring financial charges | 65 | €10,114 | €9,899 | -€216 | -2.1% |
| Profit (loss) for the period before taxes | 9903 | -€657 | -€10,874 | -€10,217 | -1554.9% |
| Profit (loss) for the period | 9904 | -€657 | -€10,874 | -€10,217 | -1554.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€657 | -€10,874 | -€10,217 | -1554.9% |
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.