JESTIN: 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.
JESTIN
Largest movements
- Receivables within one year +€53,369
up €53,369 (+214.4%), from €24,889 to €78,258
of which Other amounts receivable: +€50,000
- Cash +€34,305
up €34,305 (+24.6%), from €139,427 to €173,732
mainly Net result for the year (+€91,130) and Depreciation (+€30,762)
- Tangible fixed assets -€30,762
down €30,762 (-11.0%), from €280,581 to €249,819
of which Land and buildings: -€21,369
- Current investments +€19,512
up €19,512 (+5.2%), from €375,000 to €394,512
- Reserves +€91,000
up €91,000 (+19.6%), from €464,484 to €555,484
of which Distributable reserves: +€91,000
- Trade debts +€16,373
up €16,373 (+1952.9%), from €838 to €17,211
- Debts after one year -€12,553
down €12,553 (-31.8%), from €39,497 to €26,944
- Other debts -€11,800
no longer reported in 2025 (was €11,800)
- Tax, wage and social debts -€9,584
down €9,584 (-29.0%), from €33,018 to €23,434
- Gross operating margin -€108,186
down €108,186 (-39.4%), from €274,623 to €166,437
- Taxes -€34,690
down €34,690 (-48.0%), from €72,289 to €37,600
- Financial income +€5,787
up €5,787 (+70.9%), from €8,164 to €13,951
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 | €822,497 | €896,321 | +€73,824 | +9.0% |
| Fixed assets | 21/28 | €280,581 | €249,819 | -€30,762 | -11.0% |
| Tangible fixed assets | 22/27 | €280,581 | €249,819 | -€30,762 | -11.0% |
| Land and buildings | 22 | €264,927 | €243,557 | -€21,369 | -8.1% |
| Furniture and vehicles | 24 | €15,654 | €6,262 | -€9,393 | -60.0% |
| Current assets | 29/58 | €541,916 | €646,502 | +€104,586 | +19.3% |
| Amounts receivable within one year | 40/41 | €24,889 | €78,258 | +€53,369 | +214.4% |
| Trade receivables | 40 | €24,889 | €28,258 | +€3,369 | +13.5% |
| Other amounts receivable | 41 | - | €50,000 | +€50,000 | |
| Current investments | 50/53 | €375,000 | €394,512 | +€19,512 | +5.2% |
| Cash at bank and in hand | 54/58 | €139,427 | €173,732 | +€34,305 | +24.6% |
| Deferred charges and accrued income | 490/1 | €2,600 | - | -€2,600 | |
| Total equity and liabilities | 10/49 | €822,497 | €896,321 | +€73,824 | +9.0% |
| Equity | 10/15 | €480,358 | €571,488 | +€91,130 | +19.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €464,484 | €555,484 | +€91,000 | +19.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €462,624 | €553,624 | +€91,000 | +19.7% |
| Profit (loss) carried forward | 14 | €9,674 | €9,804 | +€130 | +1.3% |
| Provisions and deferred taxes | 16 | €244,672 | €243,591 | -€1,082 | -0.4% |
| Provisions for liabilities and charges | 160/5 | €244,672 | €243,591 | -€1,082 | -0.4% |
| Other liabilities and charges | 164/5 | €244,672 | €243,591 | -€1,082 | -0.4% |
| Amounts payable | 17/49 | €97,466 | €81,242 | -€16,224 | -16.6% |
| Amounts payable after more than one year | 17 | €39,497 | €26,944 | -€12,553 | -31.8% |
| Financial debts | 170/4 | €39,497 | €26,944 | -€12,553 | -31.8% |
| Amounts payable within one year | 42/48 | €57,969 | €53,198 | -€4,771 | -8.2% |
| Current portion of amounts payable after more than one year | 42 | €12,313 | €12,553 | +€240 | +1.9% |
| Trade debts | 44 | €838 | €17,211 | +€16,373 | +1952.9% |
| Suppliers | 440/4 | €838 | €17,211 | +€16,373 | +1952.9% |
| Taxes, remuneration and social security | 45 | €33,018 | €23,434 | -€9,584 | -29.0% |
| Taxes | 450/3 | €33,018 | €23,434 | -€9,584 | -29.0% |
| Other amounts payable | 47/48 | €11,800 | - | -€11,800 | |
| Accrued charges and deferred income | 492/3 | - | €1,100 | +€1,100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,738 | €30,762 | +€2,024 | +7.0% |
| Other operating charges | 640/8 | €1,788 | €3,381 | +€1,594 | +89.2% |
| Gross operating margin | 9900 | €274,623 | €166,437 | -€108,186 | -39.4% |
| Operating profit (loss) | 9901 | €244,098 | €132,294 | -€111,805 | -45.8% |
| Financial income | 75/76B | €8,164 | €13,951 | +€5,787 | +70.9% |
| Recurring financial income | 75 | €8,164 | €13,951 | +€5,787 | +70.9% |
| Financial charges | 65/66B | €17,629 | €17,515 | -€113 | -0.6% |
| Recurring financial charges | 65 | €17,629 | €17,515 | -€113 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | €234,634 | €128,730 | -€105,904 | -45.1% |
| Income taxes | 67/77 | €72,289 | €37,600 | -€34,690 | -48.0% |
| Profit (loss) for the period | 9904 | €162,344 | €91,130 | -€71,214 | -43.9% |
| Profit (loss) for the period to be appropriated | 9905 | €162,344 | €91,130 | -€71,214 | -43.9% |
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 10 October 2026 via checked.be.