JET SET: 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 SET
Largest movements
- Cash -€326,848
down €326,848 (-61.7%), from €530,112 to €203,264
mainly Other debts (-€207,996) and Contributions, distributions and other (-€105,263)
- Tangible fixed assets -€25,667
down €25,667 (-2.9%), from €895,847 to €870,180
- Other debts -€207,996
down €207,996 (-97.6%), from €213,030 to €5,034
- Debts after one year -€75,000
down €75,000 (-100.0%), from €75,000 to €0
- Reserves -€44,687
down €44,687 (-6.0%), from €747,119 to €702,431
of which Distributable reserves: -€44,687
- Accrued charges and deferred income -€19,569
down €19,569 (-64.7%), from €30,234 to €10,665
- Depreciation -€11,239
down €11,239 (-30.5%), from €36,906 to €25,667
- Taxes +€5,784
up €5,784 (+27.3%), from €21,158 to €26,942
- Financial charges -€5,362
down €5,362 (-33.1%), from €16,181 to €10,819
- Financial income +€2,611
up €2,611 (+1632137.5%), from €0 to €2,612
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,426,829 | €1,073,532 | -€353,297 | -24.8% |
| Fixed assets | 21/28 | €895,847 | €870,180 | -€25,667 | -2.9% |
| Tangible fixed assets | 22/27 | €895,847 | €870,180 | -€25,667 | -2.9% |
| Land and buildings | 22 | €895,847 | €870,180 | -€25,667 | -2.9% |
| Current assets | 29/58 | €530,982 | €203,352 | -€327,630 | -61.7% |
| Amounts receivable within one year | 40/41 | €0 | €88 | +€88 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | - | €88 | +€88 | |
| Cash at bank and in hand | 54/58 | €530,112 | €203,264 | -€326,848 | -61.7% |
| Deferred charges and accrued income | 490/1 | €870 | €0 | -€870 | -100.0% |
| Total equity and liabilities | 10/49 | €1,426,829 | €1,073,532 | -€353,297 | -24.8% |
| Equity | 10/15 | €1,103,880 | €1,048,648 | -€55,232 | -5.0% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Revaluation surpluses | 12 | €295,262 | €284,717 | -€10,545 | -3.6% |
| Reserves | 13 | €747,119 | €702,431 | -€44,687 | -6.0% |
| Non-distributable reserves | 130/1 | €36,663 | €36,663 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Reserves not available under the articles | 1311 | €30,513 | €30,513 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,358 | €8,358 | = | 0.0% |
| Distributable reserves | 133 | €702,097 | €657,410 | -€44,687 | -6.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €322,949 | €24,884 | -€298,065 | -92.3% |
| Amounts payable after more than one year | 17 | €75,000 | €0 | -€75,000 | -100.0% |
| Financial debts | 170/4 | €75,000 | €0 | -€75,000 | -100.0% |
| Amounts payable within one year | 42/48 | €217,714 | €14,218 | -€203,496 | -93.5% |
| Trade debts | 44 | €526 | €0 | -€526 | -100.0% |
| Suppliers | 440/4 | €526 | €0 | -€526 | -100.0% |
| Taxes, remuneration and social security | 45 | €4,158 | €9,185 | +€5,027 | +120.9% |
| Taxes | 450/3 | €4,158 | €9,185 | +€5,027 | +120.9% |
| Other amounts payable | 47/48 | €213,030 | €5,034 | -€207,996 | -97.6% |
| Accrued charges and deferred income | 492/3 | €30,234 | €10,665 | -€19,569 | -64.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,906 | €25,667 | -€11,239 | -30.5% |
| Other operating charges | 640/8 | €13,480 | €13,988 | +€508 | +3.8% |
| Gross operating margin | 9900 | €124,925 | €124,835 | -€90 | -0.1% |
| Operating profit (loss) | 9901 | €74,539 | €85,180 | +€10,641 | +14.3% |
| Financial income | 75/76B | €0 | €2,612 | +€2,611 | +1632137.5% |
| Recurring financial income | 75 | €0 | €2,612 | +€2,611 | +1632137.5% |
| Financial charges | 65/66B | €16,181 | €10,819 | -€5,362 | -33.1% |
| Recurring financial charges | 65 | €16,181 | €10,819 | -€5,362 | -33.1% |
| Profit (loss) for the period before taxes | 9903 | €58,358 | €76,973 | +€18,615 | +31.9% |
| Income taxes | 67/77 | €21,158 | €26,942 | +€5,784 | +27.3% |
| Profit (loss) for the period | 9904 | €37,200 | €50,031 | +€12,831 | +34.5% |
| Profit (loss) for the period to be appropriated | 9905 | €37,200 | €50,031 | +€12,831 | +34.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.