JESTOH: 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.
JESTOH
Largest movements
- Cash +€127,319
up €127,319 (+298.4%), from €42,663 to €169,982
mainly Current investments (+€125,000) and Receivables within one year (+€31,160)
- Current investments -€125,000
down €125,000 (-64.1%), from €195,000 to €70,000
- Receivables within one year -€31,160
down €31,160 (-95.1%), from €32,774 to €1,614
of which Trade receivables: -€15,609
- Tangible fixed assets -€18,016
down €18,016 (-8.4%), from €215,628 to €197,612
- Short-term financial debts -€17,754
down €17,754 (-100.0%), from €17,754 to €0
of which Credit institutions: -€17,500
- Reserves -€14,778
down €14,778 (-3.3%), from €442,497 to €427,719
- Profit (loss) carried forward -€11,659
down €11,659, from €0 to -€11,659
- Gross operating margin -€155,118
down €155,118, from €151,735 to -€3,383
- Taxes -€46,919
down €46,919 (-99.5%), from €47,155 to €237
- Depreciation +€6,270
up €6,270 (+53.4%), from €11,745 to €18,016
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 | €489,884 | €445,337 | -€44,547 | -9.1% |
| Fixed assets | 21/28 | €215,628 | €197,612 | -€18,016 | -8.4% |
| Tangible fixed assets | 22/27 | €215,628 | €197,612 | -€18,016 | -8.4% |
| Land and buildings | 22 | €181,983 | €175,410 | -€6,573 | -3.6% |
| Plant, machinery and equipment | 23 | €595 | €0 | -€595 | -100.0% |
| Furniture and vehicles | 24 | €21,031 | €13,197 | -€7,834 | -37.3% |
| Other tangible fixed assets | 26 | €12,019 | €9,006 | -€3,013 | -25.1% |
| Current assets | 29/58 | €274,256 | €247,725 | -€26,531 | -9.7% |
| Amounts receivable within one year | 40/41 | €32,774 | €1,614 | -€31,160 | -95.1% |
| Trade receivables | 40 | €15,609 | €0 | -€15,609 | -100.0% |
| Other amounts receivable | 41 | €17,165 | €1,614 | -€15,551 | -90.6% |
| Current investments | 50/53 | €195,000 | €70,000 | -€125,000 | -64.1% |
| Cash at bank and in hand | 54/58 | €42,663 | €169,982 | +€127,319 | +298.4% |
| Deferred charges and accrued income | 490/1 | €3,818 | €6,128 | +€2,310 | +60.5% |
| Total equity and liabilities | 10/49 | €489,884 | €445,337 | -€44,547 | -9.1% |
| Equity | 10/15 | €461,097 | €434,660 | -€26,437 | -5.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €442,497 | €427,719 | -€14,778 | -3.3% |
| Distributable reserves | 133 | €442,497 | €427,719 | -€14,778 | -3.3% |
| Profit (loss) carried forward | 14 | €0 | -€11,659 | -€11,659 | |
| Amounts payable | 17/49 | €28,786 | €10,677 | -€18,110 | -62.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €28,286 | €10,277 | -€18,009 | -63.7% |
| Current portion of amounts payable after more than one year | 42 | €1,666 | €0 | -€1,666 | -100.0% |
| Financial debts | 43 | €17,754 | €0 | -€17,754 | -100.0% |
| Credit institutions | 430/8 | €17,500 | €0 | -€17,500 | -100.0% |
| Other loans | 439 | €254 | €0 | -€254 | -100.0% |
| Trade debts | 44 | €3,054 | €712 | -€2,342 | -76.7% |
| Suppliers | 440/4 | €3,054 | €712 | -€2,342 | -76.7% |
| Taxes, remuneration and social security | 45 | €1,754 | €2,208 | +€454 | +25.9% |
| Taxes | 450/3 | €1,754 | €2,208 | +€454 | +25.9% |
| Other amounts payable | 47/48 | €4,058 | €7,356 | +€3,299 | +81.3% |
| Accrued charges and deferred income | 492/3 | €500 | €400 | -€100 | -20.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,745 | €18,016 | +€6,270 | +53.4% |
| Other operating charges | 640/8 | €1,586 | €1,634 | +€48 | +3.0% |
| Gross operating margin | 9900 | €151,735 | -€3,383 | -€155,118 | |
| Operating profit (loss) | 9901 | €138,404 | -€23,033 | -€161,437 | |
| Financial income | 75/76B | €6,168 | €4,710 | -€1,457 | -23.6% |
| Recurring financial income | 75 | €6,168 | €4,710 | -€1,457 | -23.6% |
| Financial charges | 65/66B | €2,181 | €678 | -€1,504 | -68.9% |
| Recurring financial charges | 65 | €2,181 | €678 | -€1,504 | -68.9% |
| Profit (loss) for the period before taxes | 9903 | €142,390 | -€19,000 | -€161,390 | |
| Income taxes | 67/77 | €47,155 | €237 | -€46,919 | -99.5% |
| Profit (loss) for the period | 9904 | €95,235 | -€19,236 | -€114,471 | |
| Profit (loss) for the period to be appropriated | 9905 | €95,235 | -€19,236 | -€114,471 |
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 4 October 2026 via checked.be.