JESVO: what changed
What changed
JESVO
NACE 43.222, Installation of electric heating, air conditioning, cooling and ventilation
filed annual accounts (NBB)
Net result for the year
€11,018
2024 · €18,780-€7,762
Equity
€115,214
2024 · €104,196+€11,018
Cash
€19,113
2024 · €16,834+€2,279
Balance sheet total
€304,941
2024 · €310,472-€5,530
Largest movements
Assets
- Tangible fixed assets -€31,506
down €31,506 (-11.6%), from €272,693 to €241,187
of which Land and buildings: -€16,750
- Receivables within one year +€17,694
up €17,694 (+133%), from €13,350 to €31,045
of which Trade receivables: +€18,977
- Stocks and contracts +€6,963
up €6,963 (+243%), from €2,870 to €9,834
Equity and liabilities
- Debts after one year -€23,893
down €23,893 (-14.7%), from €163,046 to €139,153
- Reserves +€11,018
up €11,018 (+12.6%), from €87,596 to €98,614
of which Distributable reserves: +€11,018
- Other debts +€5,081
up €5,081 (+46.6%), from €10,906 to €15,987
Income statement
- Gross operating margin -€8,323
down €8,323 (-12.4%), from €67,001 to €58,679
- Taxes -€2,045
down €2,045 (-32.7%), from €6,258 to €4,214
- Depreciation +€1,570
up €1,570 (+5.0%), from €31,258 to €32,828
- Financial charges -€1,062
down €1,062 (-10.5%), from €10,094 to €9,032
- Financial income -€885
down €885 (-50.0%), from €1,769 to €884
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€18,780
Gross operating margin
-€8,323
Depreciation
-€1,570
Other operating charges
-€91
Financial income
-€885
Financial charges
+€1,062
Taxes
+€2,045
Result 2025
€11,018
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€26,328
Investment
-€1,322
Financing
-€22,726
Cash 2024
€16,834
From operations (derived)
+€26,328
Net result for the year
+€11,018
Depreciation
+€32,828
Stocks and contracts
-€6,963
Receivables within one year
-€17,694
Deferred charges and accrued income
+€961
Trade debts
-€2,059
Tax, wage and social debts
+€214
Other debts
+€5,081
Accrued charges and deferred income
+€2,942
Investment (derived)
-€1,322
Investment in fixed assets (net)
-€1,322
Financing
-€22,726
Debts after one year
-€23,893
Current portion of long-term debt
+€1,167
Cash 2025
€19,113
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €310,472 | €304,941 | -€5,530 | -1.8% |
| Fixed assets | 21/28 | €272,693 | €241,187 | -€31,506 | -11.6% |
| Tangible fixed assets | 22/27 | €272,693 | €241,187 | -€31,506 | -11.6% |
| Land and buildings | 22 | €214,000 | €197,250 | -€16,750 | -7.8% |
| Plant, machinery and equipment | 23 | €9,084 | €7,847 | -€1,237 | -13.6% |
| Furniture and vehicles | 24 | €49,609 | €36,089 | -€13,519 | -27.3% |
| Current assets | 29/58 | €37,778 | €63,754 | +€25,976 | +68.8% |
| Stocks and contracts in progress | 3 | €2,870 | €9,834 | +€6,963 | +243% |
| Stocks | 30/36 | €2,870 | €9,834 | +€6,963 | +243% |
| Amounts receivable within one year | 40/41 | €13,350 | €31,045 | +€17,694 | +133% |
| Trade receivables | 40 | €5,524 | €24,501 | +€18,977 | +344% |
| Other amounts receivable | 41 | €7,826 | €6,544 | -€1,282 | -16.4% |
| Cash at bank and in hand | 54/58 | €16,834 | €19,113 | +€2,279 | +13.5% |
| Deferred charges and accrued income | 490/1 | €4,724 | €3,763 | -€961 | -20.3% |
| Total equity and liabilities | 10/49 | €310,472 | €304,941 | -€5,530 | -1.8% |
| Equity | 10/15 | €104,196 | €115,214 | +€11,018 | +10.6% |
| Contributions | 10/11 | €16,600 | €16,600 | = | 0.0% |
| Reserves | 13 | €87,596 | €98,614 | +€11,018 | +12.6% |
| Tax-exempt reserves | 132 | €3,002 | €3,002 | = | 0.0% |
| Distributable reserves | 133 | €84,594 | €95,612 | +€11,018 | +13.0% |
| Amounts payable | 17/49 | €206,276 | €189,727 | -€16,549 | -8.0% |
| Amounts payable after more than one year | 17 | €163,046 | €139,153 | -€23,893 | -14.7% |
| Financial debts | 170/4 | €163,046 | €139,153 | -€23,893 | -14.7% |
| Amounts payable within one year | 42/48 | €43,230 | €47,632 | +€4,402 | +10.2% |
| Current portion of amounts payable after more than one year | 42 | €22,726 | €23,893 | +€1,167 | +5.1% |
| Trade debts | 44 | €9,598 | €7,539 | -€2,059 | -21.5% |
| Suppliers | 440/4 | €9,598 | €7,539 | -€2,059 | -21.5% |
| Taxes, remuneration and social security | 45 | €0 | €214 | +€214 | |
| Taxes | 450/3 | €0 | €214 | +€214 | |
| Other amounts payable | 47/48 | €10,906 | €15,987 | +€5,081 | +46.6% |
| Accrued charges and deferred income | 492/3 | €0 | €2,942 | +€2,942 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,258 | €32,828 | +€1,570 | +5.0% |
| Other operating charges | 640/8 | €2,380 | €2,471 | +€91 | +3.8% |
| Gross operating margin | 9900 | €67,001 | €58,679 | -€8,323 | -12.4% |
| Operating profit (loss) | 9901 | €33,363 | €23,379 | -€9,984 | -29.9% |
| Financial income | 75/76B | €1,769 | €884 | -€885 | -50.0% |
| Recurring financial income | 75 | €1,769 | €884 | -€885 | -50.0% |
| Financial charges | 65/66B | €10,094 | €9,032 | -€1,062 | -10.5% |
| Recurring financial charges | 65 | €10,094 | €9,032 | -€1,062 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | €25,039 | €15,232 | -€9,807 | -39.2% |
| Income taxes | 67/77 | €6,258 | €4,214 | -€2,045 | -32.7% |
| Profit (loss) for the period | 9904 | €18,780 | €11,018 | -€7,762 | -41.3% |
| Profit (loss) for the period to be appropriated | 9905 | €18,780 | €11,018 | -€7,762 | -41.3% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.