JESTAM: what changed
Two fiscal 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.
JESTAM
Largest movements
- Tangible fixed assets -€56,094
down €56,094 (-6.9%), from €814,362 to €758,269
of which Land and buildings: -€55,201
- Cash +€26,749
up €26,749 (+7.8%), from €340,790 to €367,539
mainly Depreciation (+€56,094) and Trade debts (+€1,323)
- Reserves -€24,994
down €24,994 (-3.0%), from €826,583 to €801,589
of which Tax-exempt reserves: -€24,994
- Depreciation -€9,893
down €9,893 (-15.0%), from €65,986 to €56,094
- Gross operating margin +€9,283
up €9,283 (+35.8%), from €25,960 to €35,243
- Financial income +€1,146
up €1,146 (+113.0%), from €1,014 to €2,160
- Other operating charges -€687
down €687 (-5.7%), from €12,115 to €11,429
- Taxes +€354
up €354 (+120.7%), from €294 to €648
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,156,834 | €1,127,489 | -€29,345 | -2.5% |
| Fixed assets | 21/28 | €816,044 | €759,951 | -€56,094 | -6.9% |
| Tangible fixed assets | 22/27 | €814,362 | €758,269 | -€56,094 | -6.9% |
| Land and buildings | 22 | €807,415 | €752,213 | -€55,201 | -6.8% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €6,948 | €6,055 | -€892 | -12.8% |
| Financial fixed assets | 28 | €1,682 | €1,682 | = | 0.0% |
| Current assets | 29/58 | €340,790 | €367,539 | +€26,749 | +7.8% |
| Cash at bank and in hand | 54/58 | €340,790 | €367,539 | +€26,749 | +7.8% |
| Total equity and liabilities | 10/49 | €1,156,834 | €1,127,489 | -€29,345 | -2.5% |
| Equity | 10/15 | €1,069,664 | €1,045,074 | -€24,589 | -2.3% |
| Contributions | 10/11 | €350,000 | €350,000 | = | 0.0% |
| Capital | 10 | €350,000 | €350,000 | = | 0.0% |
| Issued capital | 100 | €350,000 | €350,000 | = | 0.0% |
| Reserves | 13 | €826,583 | €801,589 | -€24,994 | -3.0% |
| Non-distributable reserves | 130/1 | €35,000 | €35,000 | = | 0.0% |
| Legal reserve | 130 | €35,000 | €35,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €194,583 | €169,589 | -€24,994 | -12.8% |
| Distributable reserves | 133 | €597,000 | €597,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€106,920 | -€106,515 | +€405 | +0.4% |
| Provisions and deferred taxes | 16 | €77,131 | €70,883 | -€6,248 | -8.1% |
| Deferred taxes | 168 | €77,131 | €70,883 | -€6,248 | -8.1% |
| Amounts payable | 17/49 | €10,039 | €11,532 | +€1,492 | +14.9% |
| Amounts payable within one year | 42/48 | €1,964 | €3,205 | +€1,240 | +63.2% |
| Trade debts | 44 | €1,145 | €2,468 | +€1,323 | +115.5% |
| Suppliers | 440/4 | €1,145 | €2,468 | +€1,323 | +115.5% |
| Other amounts payable | 47/48 | €819 | €737 | -€82 | -10.0% |
| Accrued charges and deferred income | 492/3 | €8,075 | €8,327 | +€252 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,986 | €56,094 | -€9,893 | -15.0% |
| Other operating charges | 640/8 | €12,115 | €11,429 | -€687 | -5.7% |
| Gross operating margin | 9900 | €25,960 | €35,243 | +€9,283 | +35.8% |
| Operating profit (loss) | 9901 | -€52,142 | -€32,280 | +€19,862 | +38.1% |
| Financial income | 75/76B | €1,014 | €2,160 | +€1,146 | +113.0% |
| Recurring financial income | 75 | €1,014 | €2,160 | +€1,146 | +113.0% |
| Financial charges | 65/66B | €48 | €70 | +€22 | +45.0% |
| Recurring financial charges | 65 | €48 | €70 | +€22 | +45.0% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€51,176 | -€30,190 | +€20,987 | +41.0% |
| Transfer from deferred taxes | 780 | €8,311 | €6,248 | -€2,063 | -24.8% |
| Income taxes | 67/77 | €294 | €648 | +€354 | +120.7% |
| Profit (loss) for the period | 9904 | -€43,159 | -€24,589 | +€18,569 | +43.0% |
| Transfer from tax-exempt reserves | 789 | €33,246 | €24,994 | -€8,252 | -24.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,913 | €405 | +€10,317 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.