JESO CARDS: 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.
What changed
JESO CARDS
NACE 58.110, Book publishing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€68,398
2024 · €60,042+€8,356
Equity
€445,823
2024 · €395,461+€50,363
Cash
€27,895
2024 · €29,253-€1,358
Balance sheet total
€1.0m
2024 · €1.1m-€54,745
Largest movements
Assets
- Receivables within one year -€31,081
down €31,081 (-13.1%), from €237,124 to €206,043
of which Trade receivables: -€24,556
- Stocks and contracts -€16,474
down €16,474 (-3.7%), from €444,786 to €428,312
Equity and liabilities
- Trade debts -€55,281
down €55,281 (-17.6%), from €314,182 to €258,901
- Reserves +€50,363
up €50,363 (+13.4%), from €376,869 to €427,231
of which Distributable reserves: +€50,363
- Current portion of long-term debt -€46,307
down €46,307 (-56.6%), from €81,841 to €35,534
- Other debts +€41,660
up €41,660 (+33.7%), from €123,692 to €165,352
- Short-term financial debts -€24,723
down €24,723 (-63.3%), from €39,068 to €14,345
Income statement
- Gross operating margin +€28,160
up €28,160 (+5.6%), from €502,334 to €530,494
- Staff costs +€17,504
up €17,504 (+5.6%), from €310,633 to €328,137
- Depreciation +€7,246
up €7,246 (+17.0%), from €42,502 to €49,748
- Other operating charges -€5,794
down €5,794 (-36.1%), from €16,062 to €10,268
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.
Result 2024
€60,042
Gross operating margin
+€28,160
Staff costs
-€17,504
Depreciation
-€7,246
Other operating charges
+€5,794
Financial income
-€993
Financial charges
+€4,340
Taxes
-€4,194
Result 2025
€68,398
raises the resultlowers the result
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.
From operations
+€139,515
Investment
-€43,954
Financing
-€96,919
Cash 2024
€29,253
From operations (derived)
+€139,515
Net result for the year
+€68,398
Depreciation
+€49,748
Stocks and contracts
+€16,474
Receivables within one year
+€31,081
Deferred charges and accrued income
+€37
Trade debts
-€55,281
Tax, wage and social debts
-€24,101
Other debts
+€41,660
Accrued charges and deferred income
+€11,498
Investment (derived)
-€43,954
Investment in fixed assets (net)
-€43,954
Financing
-€96,919
Debts after one year
-€7,854
Current portion of long-term debt
-€46,307
Short-term financial debts
-€24,723
Contributions, distributions and other
-€18,036
Cash 2025
€27,895
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,055,177 | €1,000,431 | -€54,745 | -5.2% |
| Fixed assets | 21/28 | €334,665 | €328,870 | -€5,795 | -1.7% |
| Tangible fixed assets | 22/27 | €334,627 | €328,833 | -€5,795 | -1.7% |
| Land and buildings | 22 | €221,497 | €219,884 | -€1,613 | -0.7% |
| Plant, machinery and equipment | 23 | €61,469 | €78,043 | +€16,575 | +27.0% |
| Furniture and vehicles | 24 | €49,938 | €30,612 | -€19,326 | -38.7% |
| Other tangible fixed assets | 26 | €1,724 | €294 | -€1,430 | -83.0% |
| Financial fixed assets | 28 | €37 | €37 | = | 0.0% |
| Current assets | 29/58 | €720,512 | €671,562 | -€48,951 | -6.8% |
| Stocks and contracts in progress | 3 | €444,786 | €428,312 | -€16,474 | -3.7% |
| Stocks | 30/36 | €444,786 | €428,312 | -€16,474 | -3.7% |
| Amounts receivable within one year | 40/41 | €237,124 | €206,043 | -€31,081 | -13.1% |
| Trade receivables | 40 | €193,017 | €168,461 | -€24,556 | -12.7% |
| Other amounts receivable | 41 | €44,107 | €37,582 | -€6,525 | -14.8% |
| Cash at bank and in hand | 54/58 | €29,253 | €27,895 | -€1,358 | -4.6% |
| Deferred charges and accrued income | 490/1 | €9,349 | €9,312 | -€37 | -0.4% |
| Total equity and liabilities | 10/49 | €1,055,177 | €1,000,431 | -€54,745 | -5.2% |
| Equity | 10/15 | €395,461 | €445,823 | +€50,363 | +12.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €376,869 | €427,231 | +€50,363 | +13.4% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €375,009 | €425,372 | +€50,363 | +13.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €659,716 | €554,608 | -€105,108 | -15.9% |
| Amounts payable after more than one year | 17 | €26,624 | €18,770 | -€7,854 | -29.5% |
| Financial debts | 170/4 | €26,624 | €18,770 | -€7,854 | -29.5% |
| Amounts payable within one year | 42/48 | €630,663 | €521,912 | -€108,751 | -17.2% |
| Current portion of amounts payable after more than one year | 42 | €81,841 | €35,534 | -€46,307 | -56.6% |
| Financial debts | 43 | €39,068 | €14,345 | -€24,723 | -63.3% |
| Credit institutions | 430/8 | €39,068 | €14,345 | -€24,723 | -63.3% |
| Trade debts | 44 | €314,182 | €258,901 | -€55,281 | -17.6% |
| Suppliers | 440/4 | €314,182 | €258,901 | -€55,281 | -17.6% |
| Taxes, remuneration and social security | 45 | €71,880 | €47,779 | -€24,101 | -33.5% |
| Taxes | 450/3 | €27,999 | €12,844 | -€15,155 | -54.1% |
| Remuneration and social security | 454/9 | €43,881 | €34,935 | -€8,946 | -20.4% |
| Other amounts payable | 47/48 | €123,692 | €165,352 | +€41,660 | +33.7% |
| Accrued charges and deferred income | 492/3 | €2,428 | €13,926 | +€11,498 | +473% |
| Non-recurring operating income | 76A | €4,876 | €0 | -€4,876 | -100% |
| Remuneration, social security and pensions | 62 | €310,633 | €328,137 | +€17,504 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,502 | €49,748 | +€7,246 | +17.0% |
| Other operating charges | 640/8 | €16,062 | €10,268 | -€5,794 | -36.1% |
| Non-recurring operating charges | 66A | - | -€0 | -€0 | |
| Gross operating margin | 9900 | €502,334 | €530,494 | +€28,160 | +5.6% |
| Operating profit (loss) | 9901 | €133,137 | €142,340 | +€9,203 | +6.9% |
| Financial income | 75/76B | €1,383 | €390 | -€993 | -71.8% |
| Recurring financial income | 75 | €1,383 | €390 | -€993 | -71.8% |
| Financial charges | 65/66B | €38,755 | €34,415 | -€4,340 | -11.2% |
| Recurring financial charges | 65 | €38,755 | €34,415 | -€4,340 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | €95,764 | €108,315 | +€12,550 | +13.1% |
| Income taxes | 67/77 | €35,722 | €39,916 | +€4,194 | +11.7% |
| Profit (loss) for the period | 9904 | €60,042 | €68,398 | +€8,356 | +13.9% |
| Profit (loss) for the period to be appropriated | 9905 | €60,042 | €68,398 | +€8,356 | +13.9% |
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 20 October 2026 via checked.be.