JESS 4.1: 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.
JESS 4.1
Largest movements
- Tangible fixed assets +€443,918
up €443,918 (+116%), from €383,873 to €827,791
of which Other tangible fixed assets: +€467,699
- Cash -€124,742
down €124,742 (-89.4%), from €139,507 to €14,765
mainly Investment in fixed assets (net) (-€543,935) and Contributions, distributions and other (-€149,000)
- Receivables within one year +€105,339
up €105,339 (+460%), from €22,881 to €128,220
- Debts after one year +€182,448
up €182,448 (+91.7%), from €199,020 to €381,468
- Other debts +€88,073
up €88,073 (+1,013%), from €8,696 to €96,769
- Reserves +€87,650
up €87,650 (+25.3%), from €347,050 to €434,700
- Tax, wage and social debts +€43,609
up €43,609 (+152%), from €28,767 to €72,376
- Current portion of long-term debt +€22,533
up €22,533 (+56.8%), from €39,687 to €62,220
- Gross operating margin +€250,725
up €250,725 (+128%), from €195,673 to €446,398
- Depreciation +€70,392
up €70,392 (+238%), from €29,624 to €100,017
- Taxes +€44,580
up €44,580 (+94.0%), from €47,404 to €91,984
- Financial charges +€9,198
up €9,198 (+180%), from €5,107 to €14,305
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 | €632,927 | €1,057,443 | +€424,516 | +67.1% |
| Fixed assets | 21/28 | €383,873 | €827,791 | +€443,918 | +116% |
| Tangible fixed assets | 22/27 | €383,873 | €827,791 | +€443,918 | +116% |
| Land and buildings | 22 | €315,426 | €307,899 | -€7,527 | -2.4% |
| Furniture and vehicles | 24 | €68,447 | €52,192 | -€16,254 | -23.7% |
| Other tangible fixed assets | 26 | - | €467,699 | +€467,699 | |
| Current assets | 29/58 | €249,053 | €229,652 | -€19,402 | -7.8% |
| Amounts receivable after more than one year | 29 | €85,564 | €85,564 | = | 0.0% |
| Other amounts receivable | 291 | €85,564 | €85,564 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €22,881 | €128,220 | +€105,339 | +460% |
| Trade receivables | 40 | €22,881 | €128,220 | +€105,339 | +460% |
| Cash at bank and in hand | 54/58 | €139,507 | €14,765 | -€124,742 | -89.4% |
| Deferred charges and accrued income | 490/1 | €1,102 | €1,103 | +€1 | +0.1% |
| Total equity and liabilities | 10/49 | €632,927 | €1,057,443 | +€424,516 | +67.1% |
| Equity | 10/15 | €354,300 | €442,515 | +€88,215 | +24.9% |
| Contributions | 10/11 | €7,200 | €7,200 | = | 0.0% |
| Reserves | 13 | €347,050 | €434,700 | +€87,650 | +25.3% |
| Distributable reserves | 133 | €347,050 | €434,700 | +€87,650 | +25.3% |
| Profit (loss) carried forward | 14 | €50 | €615 | +€565 | +1,130% |
| Provisions and deferred taxes | 16 | €1,975 | €1,975 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €1,975 | €1,975 | = | 0.0% |
| Other liabilities and charges | 164/5 | €1,975 | €1,975 | = | 0.0% |
| Amounts payable | 17/49 | €276,652 | €612,953 | +€336,302 | +122% |
| Amounts payable after more than one year | 17 | €199,020 | €381,468 | +€182,448 | +91.7% |
| Financial debts | 170/4 | €199,020 | €381,468 | +€182,448 | +91.7% |
| Amounts payable within one year | 42/48 | €77,631 | €231,485 | +€153,854 | +198% |
| Current portion of amounts payable after more than one year | 42 | €39,687 | €62,220 | +€22,533 | +56.8% |
| Trade debts | 44 | €481 | €121 | -€360 | -74.8% |
| Suppliers | 440/4 | €481 | €121 | -€360 | -74.8% |
| Taxes, remuneration and social security | 45 | €28,767 | €72,376 | +€43,609 | +152% |
| Taxes | 450/3 | €28,767 | €72,376 | +€43,609 | +152% |
| Other amounts payable | 47/48 | €8,696 | €96,769 | +€88,073 | +1,013% |
| Non-recurring operating income | 76A | €284 | €7,199 | +€6,916 | +2,437% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,624 | €100,017 | +€70,392 | +238% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €25 | - | -€25 | |
| Other operating charges | 640/8 | €2,153 | €2,928 | +€775 | +36.0% |
| Gross operating margin | 9900 | €195,673 | €446,398 | +€250,725 | +128% |
| Operating profit (loss) | 9901 | €163,871 | €343,454 | +€179,583 | +110% |
| Financial income | 75/76B | - | €50 | +€50 | |
| Recurring financial income | 75 | - | €50 | +€50 | |
| Financial charges | 65/66B | €5,107 | €14,305 | +€9,198 | +180% |
| Recurring financial charges | 65 | €5,107 | €14,305 | +€9,198 | +180% |
| Profit (loss) for the period before taxes | 9903 | €158,764 | €329,199 | +€170,435 | +107% |
| Income taxes | 67/77 | €47,404 | €91,984 | +€44,580 | +94.0% |
| Profit (loss) for the period | 9904 | €111,360 | €237,215 | +€125,855 | +113% |
| Profit (loss) for the period to be appropriated | 9905 | €111,360 | €237,215 | +€125,855 | +113% |
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 24 October 2026 via checked.be.