JESSE: 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
JESSE
NACE 46.460, Wholesale of pharmaceutical and medical goods
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€6,658
2024 · -€20,845+€14,187
Equity
€1.0m
2024 · €1.0m-€6,658
Cash
€10,614
2024 · €23,046-€12,432
Balance sheet total
€1.8m
2024 · €1.9m-€72,872
Largest movements
Assets
- Tangible fixed assets -€54,104
down €54,104 (-3.2%), from €1.7m to €1.6m
of which Land and buildings: -€42,534
- Intangible fixed assets -€29,000
down €29,000 (-57.1%), from €50,750 to €21,750
- Receivables within one year +€22,664
up €22,664 (+21.8%), from €104,090 to €126,754
Equity and liabilities
- Debts after one year -€50,000
down €50,000 (-15.6%), from €320,833 to €270,833
Income statement
- Gross operating margin +€13,260
up €13,260 (+16.9%), from €78,514 to €91,774
- Other operating charges -€1,349
down €1,349 (-24.7%), from €5,457 to €4,108
- Depreciation +€1,045
up €1,045 (+1.2%), from €87,344 to €88,389
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
-€20,845
Gross operating margin
+€13,260
Depreciation
-€1,045
Other operating charges
+€1,349
Financial income
+€160
Financial charges
+€463
Result 2025
-€6,658
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.
From operations
+€42,853
Investment
-€5,285
Financing
-€50,000
Cash 2024
€23,046
From operations (derived)
+€42,853
Net result for the year
-€6,658
Depreciation
+€88,389
Receivables within one year
-€22,664
Trade debts
-€11,980
Tax, wage and social debts
-€924
Other debts
-€5,046
Accrued charges and deferred income
+€1,736
Investment (derived)
-€5,285
Investment in fixed assets (net)
-€5,285
Current investments
+€0
Financing
-€50,000
Debts after one year
-€50,000
Current portion of long-term debt
+€0
Contributions, distributions and other
-€0
Cash 2025
€10,614
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,903,524 | €1,830,652 | -€72,872 | -3.8% |
| Fixed assets | 21/28 | €1,750,974 | €1,667,870 | -€83,104 | -4.7% |
| Intangible fixed assets | 21 | €50,750 | €21,750 | -€29,000 | -57.1% |
| Tangible fixed assets | 22/27 | €1,700,224 | €1,646,120 | -€54,104 | -3.2% |
| Land and buildings | 22 | €1,679,755 | €1,637,221 | -€42,534 | -2.5% |
| Plant, machinery and equipment | 23 | €13,907 | €6,086 | -€7,821 | -56.2% |
| Furniture and vehicles | 24 | €6,562 | €2,813 | -€3,750 | -57.1% |
| Current assets | 29/58 | €152,550 | €162,782 | +€10,232 | +6.7% |
| Amounts receivable within one year | 40/41 | €104,090 | €126,754 | +€22,664 | +21.8% |
| Trade receivables | 40 | €104,090 | €126,754 | +€22,664 | +21.8% |
| Current investments | 50/53 | €25,414 | €25,414 | -€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €23,046 | €10,614 | -€12,432 | -53.9% |
| Total equity and liabilities | 10/49 | €1,903,524 | €1,830,652 | -€72,872 | -3.8% |
| Equity | 10/15 | €1,035,354 | €1,028,696 | -€6,658 | -0.6% |
| Contributions | 10/11 | €1,451,300 | €1,451,300 | = | 0.0% |
| Capital | 10 | €1,451,300 | €1,451,300 | = | 0.0% |
| Issued capital | 100 | €1,451,300 | €1,451,300 | = | 0.0% |
| Reserves | 13 | €8,091 | €8,091 | -€0 | 0.0% |
| Non-distributable reserves | 130/1 | €8,091 | €8,091 | -€0 | 0.0% |
| Legal reserve | 130 | €8,091 | €8,091 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€424,037 | -€430,695 | -€6,658 | -1.6% |
| Amounts payable | 17/49 | €868,170 | €801,956 | -€66,214 | -7.6% |
| Amounts payable after more than one year | 17 | €320,833 | €270,833 | -€50,000 | -15.6% |
| Financial debts | 170/4 | €320,833 | €270,833 | -€50,000 | -15.6% |
| Amounts payable within one year | 42/48 | €542,132 | €524,182 | -€17,950 | -3.3% |
| Current portion of amounts payable after more than one year | 42 | €50,000 | €50,000 | +€0 | 0.0% |
| Trade debts | 44 | €73,543 | €61,563 | -€11,980 | -16.3% |
| Suppliers | 440/4 | €73,543 | €61,563 | -€11,980 | -16.3% |
| Taxes, remuneration and social security | 45 | €8,414 | €7,490 | -€924 | -11.0% |
| Taxes | 450/3 | €8,414 | €7,490 | -€924 | -11.0% |
| Other amounts payable | 47/48 | €410,175 | €405,129 | -€5,046 | -1.2% |
| Accrued charges and deferred income | 492/3 | €5,205 | €6,941 | +€1,736 | +33.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,344 | €88,389 | +€1,045 | +1.2% |
| Other operating charges | 640/8 | €5,457 | €4,108 | -€1,349 | -24.7% |
| Gross operating margin | 9900 | €78,514 | €91,774 | +€13,260 | +16.9% |
| Operating profit (loss) | 9901 | -€14,287 | -€722 | +€13,565 | +94.9% |
| Financial income | 75/76B | - | €160 | +€160 | |
| Recurring financial income | 75 | - | €160 | +€160 | |
| Financial charges | 65/66B | €6,558 | €6,095 | -€463 | -7.1% |
| Recurring financial charges | 65 | €6,558 | €6,095 | -€463 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | -€20,845 | -€6,658 | +€14,187 | +68.1% |
| Profit (loss) for the period | 9904 | -€20,845 | -€6,658 | +€14,187 | +68.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,845 | -€6,658 | +€14,187 | +68.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.