JET: 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.
JET
Largest movements
- Tangible fixed assets -€4,188
down €4,188 (-3.6%), from €117,751 to €113,564
of which Land and buildings: -€3,428
- Cash -€2,168
down €2,168 (-4.0%), from €54,321 to €52,153
mainly Net result for the year (-€6,228) and Trade debts (-€1,964)
- Profit (loss) carried forward -€6,228
down €6,228 (-14.6%), from €42,615 to €36,387
- Trade debts -€1,964
down €1,964 (-69.0%), from €2,846 to €883
- Other debts +€1,851
up €1,851 (+157.3%), from €1,176 to €3,028
- Gross operating margin -€3,567
down €3,567 (-30.7%), from €11,636 to €8,069
- Purchases and services +€3,567
up €3,567 (+24.2%), from €14,764 to €18,331
- Depreciation +€1,589
up €1,589 (+61.1%), from €2,599 to €4,188
- Staff costs -€278
down €278 (-5.0%), from €5,585 to €5,307
- Other operating charges -€246
down €246 (-4.9%), from €5,009 to €4,763
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 | €172,993 | €166,717 | -€6,276 | -3.6% |
| Fixed assets | 21/28 | €117,801 | €113,614 | -€4,188 | -3.6% |
| Tangible fixed assets | 22/27 | €117,751 | €113,564 | -€4,188 | -3.6% |
| Land and buildings | 22 | €116,233 | €112,805 | -€3,428 | -2.9% |
| Plant, machinery and equipment | 23 | €1,518 | €759 | -€759 | -50.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €55,192 | €53,103 | -€2,088 | -3.8% |
| Amounts receivable within one year | 40/41 | €0 | €434 | +€434 | |
| Trade receivables | 40 | €0 | €434 | +€434 | |
| Cash at bank and in hand | 54/58 | €54,321 | €52,153 | -€2,168 | -4.0% |
| Deferred charges and accrued income | 490/1 | €871 | €517 | -€354 | -40.6% |
| Total equity and liabilities | 10/49 | €172,993 | €166,717 | -€6,276 | -3.6% |
| Equity | 10/15 | €167,455 | €161,227 | -€6,228 | -3.7% |
| Contributions | 10/11 | €74,400 | €74,400 | = | 0.0% |
| Capital | 10 | €74,400 | €74,400 | = | 0.0% |
| Issued capital | 100 | €74,400 | €74,400 | = | 0.0% |
| Reserves | 13 | €50,440 | €50,440 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,440 | €7,440 | = | 0.0% |
| Legal reserve | 130 | €7,440 | €7,440 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,615 | €36,387 | -€6,228 | -14.6% |
| Amounts payable | 17/49 | €5,537 | €5,490 | -€48 | -0.9% |
| Amounts payable within one year | 42/48 | €5,537 | €5,490 | -€48 | -0.9% |
| Trade debts | 44 | €2,846 | €883 | -€1,964 | -69.0% |
| Suppliers | 440/4 | €2,846 | €883 | -€1,964 | -69.0% |
| Taxes, remuneration and social security | 45 | €1,515 | €1,580 | +€65 | +4.3% |
| Remuneration and social security | 454/9 | €1,515 | €1,580 | +€65 | +4.3% |
| Other amounts payable | 47/48 | €1,176 | €3,028 | +€1,851 | +157.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €14,764 | €18,331 | +€3,567 | +24.2% |
| Remuneration, social security and pensions | 62 | €5,585 | €5,307 | -€278 | -5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,599 | €4,188 | +€1,589 | +61.1% |
| Other operating charges | 640/8 | €5,009 | €4,763 | -€246 | -4.9% |
| Gross operating margin | 9900 | €11,636 | €8,069 | -€3,567 | -30.7% |
| Operating profit (loss) | 9901 | -€1,557 | -€6,189 | -€4,632 | -297.4% |
| Financial income | 75/76B | - | €21 | +€21 | |
| Recurring financial income | 75 | - | €21 | +€21 | |
| Financial charges | 65/66B | €83 | €61 | -€22 | -26.9% |
| Recurring financial charges | 65 | €83 | €61 | -€22 | -26.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,641 | -€6,228 | -€4,588 | -279.6% |
| Profit (loss) for the period | 9904 | -€1,641 | -€6,228 | -€4,588 | -279.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,641 | -€6,228 | -€4,588 | -279.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.