JESZ: 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.
JESZ
Largest movements
- Tangible fixed assets +€32,688
up €32,688 (+191%), from €17,072 to €49,760
of which Other tangible fixed assets: +€37,388
- Cash +€2,846
up €2,846 (+5.6%), from €50,630 to €53,475
mainly Debts after one year (+€34,042) and Depreciation (+€6,110)
- Receivables within one year -€1,838
down €1,838 (-32.2%), from €5,705 to €3,867
of which Other amounts receivable: -€1,838
- Debts after one year +€34,042
new in 2025: €34,042
- Profit (loss) carried forward -€2,423
new in 2025: -€2,423
- Current portion of long-term debt +€2,160
new in 2025: €2,160
- Gross operating margin -€13,849
down €13,849 (-68.6%), from €20,187 to €6,338
- Taxes -€3,162
down €3,162 (-96.0%), from €3,295 to €133
- Depreciation +€2,409
up €2,409 (+65.1%), from €3,702 to €6,110
- Financial charges +€540
up €540 (+33.8%), from €1,596 to €2,136
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.
Derived cash bridge
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 | €74,873 | €108,368 | +€33,495 | +44.7% |
| Fixed assets | 21/28 | €18,148 | €50,437 | +€32,289 | +178% |
| Intangible fixed assets | 21 | €1,076 | €677 | -€399 | -37.1% |
| Tangible fixed assets | 22/27 | €17,072 | €49,760 | +€32,688 | +191% |
| Plant, machinery and equipment | 23 | €16,596 | €12,263 | -€4,333 | -26.1% |
| Furniture and vehicles | 24 | €476 | €109 | -€366 | -77.0% |
| Other tangible fixed assets | 26 | - | €37,388 | +€37,388 | |
| Current assets | 29/58 | €56,725 | €57,931 | +€1,207 | +2.1% |
| Amounts receivable within one year | 40/41 | €5,705 | €3,867 | -€1,838 | -32.2% |
| Trade receivables | 40 | €2,000 | €2,000 | = | 0.0% |
| Other amounts receivable | 41 | €3,705 | €1,867 | -€1,838 | -49.6% |
| Cash at bank and in hand | 54/58 | €50,630 | €53,475 | +€2,846 | +5.6% |
| Deferred charges and accrued income | 490/1 | €390 | €589 | +€199 | +51.1% |
| Total equity and liabilities | 10/49 | €74,873 | €108,368 | +€33,495 | +44.7% |
| Equity | 10/15 | €56,213 | €53,791 | -€2,423 | -4.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €50,013 | €50,013 | = | 0.0% |
| Distributable reserves | 133 | €50,013 | €50,013 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€2,423 | -€2,423 | |
| Amounts payable | 17/49 | €18,659 | €54,578 | +€35,918 | +192% |
| Amounts payable after more than one year | 17 | - | €34,042 | +€34,042 | |
| Financial debts | 170/4 | - | €34,042 | +€34,042 | |
| Amounts payable within one year | 42/48 | €18,272 | €20,535 | +€2,263 | +12.4% |
| Current portion of amounts payable after more than one year | 42 | - | €2,160 | +€2,160 | |
| Trade debts | 44 | €563 | €975 | +€411 | +73.0% |
| Suppliers | 440/4 | €563 | €975 | +€411 | +73.0% |
| Taxes, remuneration and social security | 45 | - | €775 | +€775 | |
| Taxes | 450/3 | - | €775 | +€775 | |
| Other amounts payable | 47/48 | €17,709 | €16,626 | -€1,083 | -6.1% |
| Accrued charges and deferred income | 492/3 | €387 | - | -€387 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,702 | €6,110 | +€2,409 | +65.1% |
| Other operating charges | 640/8 | €443 | €400 | -€43 | -9.7% |
| Gross operating margin | 9900 | €20,187 | €6,338 | -€13,849 | -68.6% |
| Operating profit (loss) | 9901 | €16,043 | -€172 | -€16,215 | |
| Financial income | 75/76B | - | €18 | +€18 | |
| Recurring financial income | 75 | - | €18 | +€18 | |
| Financial charges | 65/66B | €1,596 | €2,136 | +€540 | +33.8% |
| Recurring financial charges | 65 | €1,596 | €2,136 | +€540 | +33.8% |
| Profit (loss) for the period before taxes | 9903 | €14,446 | -€2,290 | -€16,736 | |
| Income taxes | 67/77 | €3,295 | €133 | -€3,162 | -96.0% |
| Profit (loss) for the period | 9904 | €11,152 | -€2,423 | -€13,575 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,152 | -€2,423 | -€13,575 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.