JEST: 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.
JEST
Largest movements
- Tangible fixed assets -€39,233
down €39,233 (-41.5%), from €94,466 to €55,232
of which Plant, machinery and equipment: -€29,483
- Intangible fixed assets +€18,065
new in 2025: €18,065
- Stocks and contracts +€1,793
new in 2025: €1,793
- Cash -€1,490
down €1,490 (-100%), from €1,490 to €0
mainly Accrued charges and deferred income (-€18,671) and Debts after one year (-€13,174)
- Receivables within one year +€1,117
up €1,117 (+166%), from €673 to €1,790
of which Trade receivables: +€1,526
- Accrued charges and deferred income -€18,671
down €18,671 (-99.3%), from €18,794 to €123
- Debts after one year -€13,174
down €13,174 (-28.0%), from €47,083 to €33,909
- Trade debts -€9,629
down €9,629 (-73.7%), from €13,061 to €3,432
- Other debts +€9,454
new in 2025: €9,454
- Profit (loss) carried forward +€5,479
up €5,479, from -€5,479 to €0
- Gross operating margin +€23,558
up €23,558 (+210%), from €11,232 to €34,791
- Depreciation +€7,987
up €7,987 (+60.6%), from €13,181 to €21,168
- Taxes +€2,348
up €2,348 (+5,414%), from €43 to €2,391
- Financial charges +€546
up €546 (+22.6%), from €2,419 to €2,965
- Other operating charges +€459
up €459 (+42.9%), from €1,068 to €1,527
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 | €96,653 | €76,881 | -€19,772 | -20.5% |
| Fixed assets | 21/28 | €94,466 | €73,298 | -€21,168 | -22.4% |
| Intangible fixed assets | 21 | - | €18,065 | +€18,065 | |
| Tangible fixed assets | 22/27 | €94,466 | €55,232 | -€39,233 | -41.5% |
| Plant, machinery and equipment | 23 | €30,961 | €1,478 | -€29,483 | -95.2% |
| Furniture and vehicles | 24 | €63,505 | €53,754 | -€9,750 | -15.4% |
| Current assets | 29/58 | €2,187 | €3,583 | +€1,396 | +63.8% |
| Stocks and contracts in progress | 3 | - | €1,793 | +€1,793 | |
| Stocks | 30/36 | - | €1,793 | +€1,793 | |
| Amounts receivable within one year | 40/41 | €673 | €1,790 | +€1,117 | +166% |
| Trade receivables | 40 | - | €1,526 | +€1,526 | |
| Other amounts receivable | 41 | €673 | €264 | -€409 | -60.8% |
| Cash at bank and in hand | 54/58 | €1,490 | €0 | -€1,490 | -100% |
| Deferred charges and accrued income | 490/1 | €24 | €0 | -€24 | -100% |
| Total equity and liabilities | 10/49 | €96,653 | €76,881 | -€19,772 | -20.5% |
| Equity | 10/15 | -€2,479 | €4,266 | +€6,745 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €1,266 | +€1,266 | |
| Distributable reserves | 133 | - | €1,266 | +€1,266 | |
| Profit (loss) carried forward | 14 | -€5,479 | €0 | +€5,479 | |
| Amounts payable | 17/49 | €99,131 | €72,615 | -€26,517 | -26.7% |
| Amounts payable after more than one year | 17 | €47,083 | €33,909 | -€13,174 | -28.0% |
| Financial debts | 170/4 | €47,083 | €33,909 | -€13,174 | -28.0% |
| Amounts payable within one year | 42/48 | €33,254 | €38,582 | +€5,328 | +16.0% |
| Current portion of amounts payable after more than one year | 42 | €12,649 | €18,099 | +€5,450 | +43.1% |
| Trade debts | 44 | €13,061 | €3,432 | -€9,629 | -73.7% |
| Suppliers | 440/4 | €13,061 | €3,432 | -€9,629 | -73.7% |
| Taxes, remuneration and social security | 45 | €7,543 | €7,597 | +€54 | +0.7% |
| Taxes | 450/3 | €43 | €5,097 | +€5,054 | +11,653% |
| Remuneration and social security | 454/9 | €7,500 | €2,500 | -€5,000 | -66.7% |
| Other amounts payable | 47/48 | - | €9,454 | +€9,454 | |
| Accrued charges and deferred income | 492/3 | €18,794 | €123 | -€18,671 | -99.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,181 | €21,168 | +€7,987 | +60.6% |
| Other operating charges | 640/8 | €1,068 | €1,527 | +€459 | +42.9% |
| Gross operating margin | 9900 | €11,232 | €34,791 | +€23,558 | +210% |
| Operating profit (loss) | 9901 | -€3,017 | €12,096 | +€15,112 | |
| Financial income | 75/76B | €0 | €5 | +€5 | +8,283% |
| Recurring financial income | 75 | €0 | €5 | +€5 | +8,283% |
| Financial charges | 65/66B | €2,419 | €2,965 | +€546 | +22.6% |
| Recurring financial charges | 65 | €2,419 | €2,965 | +€546 | +22.6% |
| Profit (loss) for the period before taxes | 9903 | -€5,436 | €9,136 | +€14,572 | |
| Income taxes | 67/77 | €43 | €2,391 | +€2,348 | +5,414% |
| Profit (loss) for the period | 9904 | -€5,479 | €6,745 | +€12,224 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,479 | €6,745 | +€12,224 |
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 15 October 2026 via checked.be.