JET 194: 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 194
Largest movements
- Tangible fixed assets +€2,508
new in 2025: €2,508
- Receivables within one year +€2,410
new in 2025: €2,410
of which Other amounts receivable: +€1,532
- Cash -€1,555
down €1,555 (-13.8%), from €11,262 to €9,706
mainly Investment in fixed assets (net) (-€2,759) and Receivables within one year (-€2,410)
- Profit (loss) carried forward +€3,256
up €3,256 (+30.8%), from -€10,585 to -€7,328
- Depreciation -€1,800
down €1,800 (-87.8%), from €2,051 to €251
- Gross operating margin -€365
down €365 (-9.3%), from €3,930 to €3,565
- Other operating charges -€300
no longer reported in 2025 (was €300)
- Financial charges -€134
down €134 (-69.7%), from €192 to €58
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 | €11,262 | €14,624 | +€3,363 | +29.9% |
| Fixed assets | 21/28 | - | €2,508 | +€2,508 | |
| Tangible fixed assets | 22/27 | - | €2,508 | +€2,508 | |
| Furniture and vehicles | 24 | - | €2,508 | +€2,508 | |
| Current assets | 29/58 | €11,262 | €12,116 | +€855 | +7.6% |
| Amounts receivable within one year | 40/41 | - | €2,410 | +€2,410 | |
| Trade receivables | 40 | - | €878 | +€878 | |
| Other amounts receivable | 41 | - | €1,532 | +€1,532 | |
| Cash at bank and in hand | 54/58 | €11,262 | €9,706 | -€1,555 | -13.8% |
| Total equity and liabilities | 10/49 | €11,262 | €14,624 | +€3,363 | +29.9% |
| Equity | 10/15 | €9,962 | €13,218 | +€3,256 | +32.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | €20,000 | = | 0.0% |
| Issued capital | 100 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €546 | €546 | = | 0.0% |
| Non-distributable reserves | 130/1 | €546 | €546 | = | 0.0% |
| Legal reserve | 130 | €546 | €546 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,585 | -€7,328 | +€3,256 | +30.8% |
| Amounts payable | 17/49 | €1,300 | €1,406 | +€106 | +8.2% |
| Amounts payable after more than one year | 17 | €1,000 | €1,000 | = | 0.0% |
| Other amounts payable | 178/9 | €1,000 | €1,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €300 | €406 | +€106 | +35.5% |
| Taxes, remuneration and social security | 45 | €300 | €406 | +€106 | +35.5% |
| Taxes | 450/3 | €300 | €406 | +€106 | +35.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,051 | €251 | -€1,800 | -87.8% |
| Other operating charges | 640/8 | €300 | - | -€300 | |
| Gross operating margin | 9900 | €3,930 | €3,565 | -€365 | -9.3% |
| Operating profit (loss) | 9901 | €1,579 | €3,315 | +€1,736 | +110% |
| Financial charges | 65/66B | €192 | €58 | -€134 | -69.7% |
| Recurring financial charges | 65 | €192 | €58 | -€134 | -69.7% |
| Profit (loss) for the period before taxes | 9903 | €1,387 | €3,256 | +€1,869 | +135% |
| Profit (loss) for the period | 9904 | €1,387 | €3,256 | +€1,869 | +135% |
| Profit (loss) for the period to be appropriated | 9905 | €1,387 | €3,256 | +€1,869 | +135% |
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 16 October 2026 via checked.be.