JESTO: 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.
JESTO
Largest movements
- Tangible fixed assets -€60,711
down €60,711 (-18.2%), from €333,301 to €272,590
of which Furniture and vehicles: -€38,867
- Cash -€32,273
down €32,273 (-60.5%), from €53,329 to €21,056
mainly Debts after one year (-€189,315) and Current investments (-€13,652)
- Receivables within one year -€17,611
down €17,611 (-57.5%), from €30,638 to €13,027
of which Trade receivables: -€30,437
- Current investments +€13,652
new in 2025: €13,652
- Debts after one year -€189,315
down €189,315 (-56.5%), from €334,926 to €145,611
- Reserves +€98,691
up €98,691 (+1641.4%), from €6,012 to €104,704
- Other debts -€7,342
down €7,342 (-100.0%), from €7,342 to €0
- Taxes +€47,348
up €47,348 (+11287.6%), from €419 to €47,768
- Staff costs -€14,417
down €14,417 (-4.2%), from €340,473 to €326,055
- Depreciation +€11,281
up €11,281 (+22.8%), from €49,430 to €60,711
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 | €429,505 | €334,063 | -€95,443 | -22.2% |
| Fixed assets | 21/28 | €333,946 | €273,235 | -€60,711 | -18.2% |
| Tangible fixed assets | 22/27 | €333,301 | €272,590 | -€60,711 | -18.2% |
| Land and buildings | 22 | €136,024 | €120,834 | -€15,190 | -11.2% |
| Plant, machinery and equipment | 23 | €43,967 | €37,313 | -€6,654 | -15.1% |
| Furniture and vehicles | 24 | €153,310 | €114,442 | -€38,867 | -25.4% |
| Financial fixed assets | 28 | €645 | €645 | = | 0.0% |
| Current assets | 29/58 | €95,559 | €60,828 | -€34,732 | -36.3% |
| Stocks and contracts in progress | 3 | €11,192 | €13,093 | +€1,901 | +17.0% |
| Stocks | 30/36 | €11,192 | €13,093 | +€1,901 | +17.0% |
| Amounts receivable within one year | 40/41 | €30,638 | €13,027 | -€17,611 | -57.5% |
| Trade receivables | 40 | €30,437 | €0 | -€30,437 | -100.0% |
| Other amounts receivable | 41 | €202 | €13,027 | +€12,826 | +6355.6% |
| Current investments | 50/53 | - | €13,652 | +€13,652 | |
| Cash at bank and in hand | 54/58 | €53,329 | €21,056 | -€32,273 | -60.5% |
| Deferred charges and accrued income | 490/1 | €400 | €0 | -€400 | -100.0% |
| Total equity and liabilities | 10/49 | €429,505 | €334,063 | -€95,443 | -22.2% |
| Equity | 10/15 | €24,612 | €123,304 | +€98,691 | +401.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €6,012 | €104,704 | +€98,691 | +1641.4% |
| Distributable reserves | 133 | €6,012 | €104,704 | +€98,691 | +1641.4% |
| Amounts payable | 17/49 | €404,893 | €210,759 | -€194,134 | -47.9% |
| Amounts payable after more than one year | 17 | €334,926 | €145,611 | -€189,315 | -56.5% |
| Financial debts | 170/4 | €334,926 | €145,611 | -€189,315 | -56.5% |
| Amounts payable within one year | 42/48 | €69,967 | €65,148 | -€4,819 | -6.9% |
| Current portion of amounts payable after more than one year | 42 | €9,938 | €10,097 | +€159 | +1.6% |
| Trade debts | 44 | €16,766 | €15,944 | -€822 | -4.9% |
| Suppliers | 440/4 | €16,766 | €15,944 | -€822 | -4.9% |
| Advances received on contracts in progress | 46 | €3,568 | €7,615 | +€4,047 | +113.4% |
| Taxes, remuneration and social security | 45 | €32,353 | €31,491 | -€862 | -2.7% |
| Taxes | 450/3 | €9,338 | €9,500 | +€162 | +1.7% |
| Remuneration and social security | 454/9 | €23,015 | €21,992 | -€1,024 | -4.4% |
| Other amounts payable | 47/48 | €7,342 | €0 | -€7,342 | -100.0% |
| Remuneration, social security and pensions | 62 | €340,473 | €326,055 | -€14,417 | -4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,430 | €60,711 | +€11,281 | +22.8% |
| Other operating charges | 640/8 | €7,023 | €6,933 | -€90 | -1.3% |
| Non-recurring operating charges | 66A | €12,231 | €0 | -€12,231 | -100.0% |
| Gross operating margin | 9900 | €537,302 | €539,860 | +€2,558 | +0.5% |
| Operating profit (loss) | 9901 | €128,146 | €146,160 | +€18,015 | +14.1% |
| Financial income | 75/76B | €3,872 | €4,344 | +€472 | +12.2% |
| Recurring financial income | 75 | €3,872 | €4,344 | +€472 | +12.2% |
| Financial charges | 65/66B | €4,840 | €4,045 | -€795 | -16.4% |
| Recurring financial charges | 65 | €4,840 | €4,045 | -€795 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | €127,178 | €146,459 | +€19,281 | +15.2% |
| Income taxes | 67/77 | €419 | €47,768 | +€47,348 | +11287.6% |
| Profit (loss) for the period | 9904 | €126,758 | €98,691 | -€28,067 | -22.1% |
| Profit (loss) for the period to be appropriated | 9905 | €126,758 | €98,691 | -€28,067 | -22.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.