Jesman: 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.
Jesman
Largest movements
- Receivables within one year -€24,513
down €24,513 (-64.8%), from €37,845 to €13,332
of which Trade receivables: -€25,907
- Tangible fixed assets +€10,836
up €10,836 (+156%), from €6,940 to €17,776
of which Furniture and vehicles: +€13,281
- Reserves -€9,580
down €9,580 (-4.5%), from €212,639 to €203,059
- Tax, wage and social debts -€5,303
down €5,303 (-12.1%), from €43,670 to €38,367
- Gross operating margin -€35,261
down €35,261 (-25.7%), from €137,428 to €102,167
- Taxes -€11,537
down €11,537 (-37.4%), from €30,836 to €19,300
- Depreciation +€9,304
up €9,304 (+370%), from €2,513 to €11,817
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 | €264,186 | €249,520 | -€14,666 | -5.6% |
| Fixed assets | 21/28 | €6,940 | €17,776 | +€10,836 | +156% |
| Tangible fixed assets | 22/27 | €6,940 | €17,776 | +€10,836 | +156% |
| Land and buildings | 22 | €6,567 | €4,495 | -€2,072 | -31.6% |
| Plant, machinery and equipment | 23 | €373 | - | -€373 | |
| Furniture and vehicles | 24 | - | €13,281 | +€13,281 | |
| Current assets | 29/58 | €257,246 | €231,744 | -€25,502 | -9.9% |
| Amounts receivable within one year | 40/41 | €37,845 | €13,332 | -€24,513 | -64.8% |
| Trade receivables | 40 | €37,766 | €11,860 | -€25,907 | -68.6% |
| Other amounts receivable | 41 | €79 | €1,472 | +€1,394 | +1,770% |
| Cash at bank and in hand | 54/58 | €219,401 | €218,412 | -€989 | -0.5% |
| Total equity and liabilities | 10/49 | €264,186 | €249,520 | -€14,666 | -5.6% |
| Equity | 10/15 | €217,639 | €208,059 | -€9,580 | -4.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €212,639 | €203,059 | -€9,580 | -4.5% |
| Distributable reserves | 133 | €212,639 | €203,059 | -€9,580 | -4.5% |
| Amounts payable | 17/49 | €46,547 | €41,461 | -€5,086 | -10.9% |
| Amounts payable within one year | 42/48 | €46,547 | €41,461 | -€5,086 | -10.9% |
| Trade debts | 44 | €2,878 | €3,094 | +€217 | +7.5% |
| Suppliers | 440/4 | €2,878 | €3,094 | +€217 | +7.5% |
| Taxes, remuneration and social security | 45 | €43,670 | €38,367 | -€5,303 | -12.1% |
| Taxes | 450/3 | €43,670 | €38,367 | -€5,303 | -12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,513 | €11,817 | +€9,304 | +370% |
| Other operating charges | 640/8 | €117 | €827 | +€710 | +608% |
| Gross operating margin | 9900 | €137,428 | €102,167 | -€35,261 | -25.7% |
| Operating profit (loss) | 9901 | €134,798 | €89,523 | -€45,275 | -33.6% |
| Financial income | 75/76B | - | €430 | +€430 | |
| Recurring financial income | 75 | - | €430 | +€430 | |
| Financial charges | 65/66B | €136 | €234 | +€98 | +71.5% |
| Recurring financial charges | 65 | €136 | €234 | +€98 | +71.5% |
| Profit (loss) for the period before taxes | 9903 | €134,662 | €89,719 | -€44,943 | -33.4% |
| Income taxes | 67/77 | €30,836 | €19,300 | -€11,537 | -37.4% |
| Profit (loss) for the period | 9904 | €103,826 | €70,420 | -€33,406 | -32.2% |
| Profit (loss) for the period to be appropriated | 9905 | €103,826 | €70,420 | -€33,406 | -32.2% |
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 13 October 2026 via checked.be.