JET MANAGEMENT: 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.
JET MANAGEMENT
Largest movements
- Receivables within one year +€370,788
up €370,788 (+329.0%), from €112,707 to €483,495
of which Trade receivables: +€281,905
- Tangible fixed assets +€281,501
up €281,501 (+71.6%), from €393,397 to €674,898
of which Land and buildings: +€220,830
- Cash -€220,992
down €220,992 (-82.8%), from €266,953 to €45,960
mainly Receivables within one year (-€370,788) and Investment in fixed assets (net) (-€361,554)
- Financial fixed assets +€23,498
up €23,498 (+55.8%), from €42,098 to €65,596
- Reserves +€398,500
up €398,500 (+160.1%), from €248,915 to €647,415
of which Distributable reserves: +€398,500
- Debts after one year +€124,505
up €124,505 (+55.0%), from €226,364 to €350,868
- Other debts -€92,937
down €92,937 (-46.1%), from €201,640 to €108,703
- Trade debts +€65,971
up €65,971 (+107.3%), from €61,494 to €127,465
- Tax, wage and social debts -€38,297
down €38,297 (-51.8%), from €73,973 to €35,676
of which Taxes: -€41,638
- Financial income +€481,041
new in 2025: €481,041
of which Non-recurring financial income: +€481,015
- Gross operating margin -€103,805
down €103,805 (-74.7%), from €138,988 to €35,183
- Depreciation +€23,482
up €23,482 (+66.0%), from €35,573 to €59,055
- Taxes -€20,873
down €20,873 (-99.8%), from €20,910 to €37
- Financial charges -€20,214
down €20,214 (-56.3%), from €35,923 to €15,709
of which Non-recurring financial charges: -€10,749
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 | €848,221 | €1,297,709 | +€449,488 | +53.0% |
| Fixed assets | 21/28 | €462,995 | €765,494 | +€302,499 | +65.3% |
| Intangible fixed assets | 21 | €27,500 | €25,000 | -€2,500 | -9.1% |
| Tangible fixed assets | 22/27 | €393,397 | €674,898 | +€281,501 | +71.6% |
| Land and buildings | 22 | €387,418 | €608,248 | +€220,830 | +57.0% |
| Furniture and vehicles | 24 | €2,861 | €3,533 | +€671 | +23.5% |
| Other tangible fixed assets | 26 | €3,118 | €63,118 | +€60,000 | +1924.3% |
| Financial fixed assets | 28 | €42,098 | €65,596 | +€23,498 | +55.8% |
| Current assets | 29/58 | €385,226 | €532,215 | +€146,988 | +38.2% |
| Amounts receivable within one year | 40/41 | €112,707 | €483,495 | +€370,788 | +329.0% |
| Trade receivables | 40 | €106,457 | €388,361 | +€281,905 | +264.8% |
| Other amounts receivable | 41 | €6,250 | €95,133 | +€88,883 | +1422.1% |
| Cash at bank and in hand | 54/58 | €266,953 | €45,960 | -€220,992 | -82.8% |
| Deferred charges and accrued income | 490/1 | €5,567 | €2,760 | -€2,807 | -50.4% |
| Total equity and liabilities | 10/49 | €848,221 | €1,297,709 | +€449,488 | +53.0% |
| Equity | 10/15 | €267,736 | €666,184 | +€398,448 | +148.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €248,915 | €647,415 | +€398,500 | +160.1% |
| Tax-exempt reserves | 132 | €17,805 | €17,805 | = | 0.0% |
| Distributable reserves | 133 | €231,110 | €629,610 | +€398,500 | +172.4% |
| Profit (loss) carried forward | 14 | €221 | €169 | -€52 | -23.6% |
| Amounts payable | 17/49 | €580,485 | €631,525 | +€51,040 | +8.8% |
| Amounts payable after more than one year | 17 | €226,364 | €350,868 | +€124,505 | +55.0% |
| Financial debts | 170/4 | €226,364 | €350,868 | +€124,505 | +55.0% |
| Amounts payable within one year | 42/48 | €345,762 | €280,657 | -€65,105 | -18.8% |
| Current portion of amounts payable after more than one year | 42 | €8,655 | €8,813 | +€158 | +1.8% |
| Trade debts | 44 | €61,494 | €127,465 | +€65,971 | +107.3% |
| Suppliers | 440/4 | €61,494 | €127,465 | +€65,971 | +107.3% |
| Taxes, remuneration and social security | 45 | €73,973 | €35,676 | -€38,297 | -51.8% |
| Taxes | 450/3 | €73,973 | €32,335 | -€41,638 | -56.3% |
| Remuneration and social security | 454/9 | - | €3,341 | +€3,341 | |
| Other amounts payable | 47/48 | €201,640 | €108,703 | -€92,937 | -46.1% |
| Accrued charges and deferred income | 492/3 | €8,359 | - | -€8,359 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,573 | €59,055 | +€23,482 | +66.0% |
| Other operating charges | 640/8 | €3,478 | - | -€3,478 | |
| Non-recurring operating charges | 66A | - | €42,975 | +€42,975 | |
| Gross operating margin | 9900 | €138,988 | €35,183 | -€103,805 | -74.7% |
| Operating profit (loss) | 9901 | €99,937 | -€66,847 | -€166,784 | |
| Financial income | 75/76B | - | €481,041 | +€481,041 | |
| Recurring financial income | 75 | - | €26 | +€26 | |
| Non-recurring financial income | 76B | - | €481,015 | +€481,015 | |
| Financial charges | 65/66B | €35,923 | €15,709 | -€20,214 | -56.3% |
| Recurring financial charges | 65 | €25,174 | €15,709 | -€9,465 | -37.6% |
| Non-recurring financial charges | 66B | €10,749 | - | -€10,749 | |
| Profit (loss) for the period before taxes | 9903 | €64,015 | €398,485 | +€334,471 | +522.5% |
| Income taxes | 67/77 | €20,910 | €37 | -€20,873 | -99.8% |
| Profit (loss) for the period | 9904 | €43,104 | €398,448 | +€355,343 | +824.4% |
| Profit (loss) for the period to be appropriated | 9905 | €43,104 | €398,448 | +€355,343 | +824.4% |
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 6 October 2026 via checked.be.