JESK: 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.
JESK
Largest movements
- Current investments -€112,810
down €112,810 (-73.7%), from €153,161 to €40,351
- Cash +€100,905
up €100,905 (+221.6%), from €45,533 to €146,438
mainly Current investments (+€112,810) and Receivables within one year (+€63,060)
- Receivables within one year -€63,060
down €63,060 (-72.9%), from €86,544 to €23,484
- Tangible fixed assets -€12,166
down €12,166 (-18.2%), from €66,885 to €54,720
of which Land and buildings: -€12,541
- Reserves -€50,717
down €50,717 (-21.8%), from €232,235 to €181,518
of which Distributable reserves: -€50,717
- Debts after one year -€15,556
down €15,556 (-22.2%), from €70,091 to €54,535
- Tax, wage and social debts -€12,971
down €12,971 (-82.0%), from €15,818 to €2,846
- Profit (loss) carried forward -€7,281
new in 2025: -€7,281
- Gross operating margin -€86,679
down €86,679 (-83.9%), from €103,311 to €16,633
- Taxes -€25,257
down €25,257 (-93.8%), from €26,937 to €1,680
- Financial income -€12,510
down €12,510 (-91.9%), from €13,619 to €1,108
of which Non-recurring financial income: -€12,964
- Other operating charges -€5,210
down €5,210 (-67.3%), from €7,741 to €2,532
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 | €352,123 | €264,992 | -€87,131 | -24.7% |
| Fixed assets | 21/28 | €66,885 | €54,720 | -€12,166 | -18.2% |
| Tangible fixed assets | 22/27 | €66,885 | €54,720 | -€12,166 | -18.2% |
| Land and buildings | 22 | €62,652 | €50,111 | -€12,541 | -20.0% |
| Plant, machinery and equipment | 23 | €530 | €4,608 | +€4,078 | +769.7% |
| Furniture and vehicles | 24 | €3,703 | - | -€3,703 | |
| Current assets | 29/58 | €285,238 | €210,272 | -€74,965 | -26.3% |
| Amounts receivable within one year | 40/41 | €86,544 | €23,484 | -€63,060 | -72.9% |
| Other amounts receivable | 41 | €86,544 | €23,484 | -€63,060 | -72.9% |
| Current investments | 50/53 | €153,161 | €40,351 | -€112,810 | -73.7% |
| Cash at bank and in hand | 54/58 | €45,533 | €146,438 | +€100,905 | +221.6% |
| Total equity and liabilities | 10/49 | €352,123 | €264,992 | -€87,131 | -24.7% |
| Equity | 10/15 | €247,235 | €189,236 | -€57,999 | -23.5% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €232,235 | €181,518 | -€50,717 | -21.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,000 | €6,000 | = | 0.0% |
| Distributable reserves | 133 | €224,375 | €173,658 | -€50,717 | -22.6% |
| Profit (loss) carried forward | 14 | - | -€7,281 | -€7,281 | |
| Amounts payable | 17/49 | €104,888 | €75,756 | -€29,132 | -27.8% |
| Amounts payable after more than one year | 17 | €70,091 | €54,535 | -€15,556 | -22.2% |
| Financial debts | 170/4 | €70,091 | €54,535 | -€15,556 | -22.2% |
| Amounts payable within one year | 42/48 | €34,797 | €21,221 | -€13,576 | -39.0% |
| Current portion of amounts payable after more than one year | 42 | €14,821 | €15,556 | +€735 | +5.0% |
| Trade debts | 44 | €2,337 | €2,819 | +€482 | +20.6% |
| Suppliers | 440/4 | €2,337 | €2,819 | +€482 | +20.6% |
| Taxes, remuneration and social security | 45 | €15,818 | €2,846 | -€12,971 | -82.0% |
| Taxes | 450/3 | €15,818 | €2,846 | -€12,971 | -82.0% |
| Other amounts payable | 47/48 | €1,822 | - | -€1,822 | |
| Non-recurring operating income | 76A | €3,585 | €14,158 | +€10,573 | +295.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,913 | €17,386 | +€474 | +2.8% |
| Other operating charges | 640/8 | €7,741 | €2,532 | -€5,210 | -67.3% |
| Gross operating margin | 9900 | €103,311 | €16,633 | -€86,679 | -83.9% |
| Operating profit (loss) | 9901 | €78,657 | -€3,285 | -€81,942 | |
| Financial income | 75/76B | €13,619 | €1,108 | -€12,510 | -91.9% |
| Recurring financial income | 75 | €654 | €1,108 | +€454 | +69.4% |
| Non-recurring financial income | 76B | €12,964 | - | -€12,964 | |
| Financial charges | 65/66B | €4,850 | €3,993 | -€856 | -17.7% |
| Recurring financial charges | 65 | €4,850 | €3,993 | -€856 | -17.7% |
| Profit (loss) for the period before taxes | 9903 | €87,426 | -€6,170 | -€93,596 | |
| Income taxes | 67/77 | €26,937 | €1,680 | -€25,257 | -93.8% |
| Profit (loss) for the period | 9904 | €60,489 | -€7,851 | -€68,340 | |
| Profit (loss) for the period to be appropriated | 9905 | €60,489 | -€7,851 | -€68,340 |
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.