JETA: 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.
JETA
Largest movements
- Financial fixed assets +€320,000
up €320,000 (+64000.0%), from €500 to €320,500
- Tangible fixed assets +€104,661
up €104,661 (+8.1%), from €1.3m to €1.4m
of which Land and buildings: +€103,411
- Cash -€35,506
down €35,506 (-49.6%), from €71,542 to €36,036
mainly Investment in fixed assets (net) (-€522,037) and Other debts (-€166,573)
- Receivables within one year -€33,317
down €33,317 (-24.1%), from €138,443 to €105,126
- Debts after one year +€308,387
up €308,387 (+29.6%), from €1.0m to €1.4m
of which Financial debts: +€258,387
- Reserves +€174,537
up €174,537 (+1143.2%), from €15,268 to €189,805
- Other debts -€166,573
down €166,573 (-48.2%), from €345,934 to €179,362
- Current portion of long-term debt +€31,108
up €31,108 (+38.8%), from €80,233 to €111,341
- Gross operating margin +€79,920
up €79,920 (+27.6%), from €289,822 to €369,742
- Depreciation +€17,815
up €17,815 (+22.4%), from €79,561 to €97,376
- Financial charges +€12,114
up €12,114 (+46.5%), from €26,033 to €38,147
- Taxes +€11,613
up €11,613 (+28.0%), from €41,465 to €53,078
- Other operating charges +€4,124
up €4,124 (+166.3%), from €2,480 to €6,604
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 | €1,513,382 | €1,870,006 | +€356,624 | +23.6% |
| Fixed assets | 21/28 | €1,299,802 | €1,724,463 | +€424,661 | +32.7% |
| Tangible fixed assets | 22/27 | €1,299,302 | €1,403,963 | +€104,661 | +8.1% |
| Land and buildings | 22 | €1,277,445 | €1,380,856 | +€103,411 | +8.1% |
| Plant, machinery and equipment | 23 | €15,636 | €11,714 | -€3,922 | -25.1% |
| Furniture and vehicles | 24 | €2,751 | €7,924 | +€5,173 | +188.0% |
| Other tangible fixed assets | 26 | €3,470 | €3,470 | = | 0.0% |
| Financial fixed assets | 28 | €500 | €320,500 | +€320,000 | +64000.0% |
| Current assets | 29/58 | €213,579 | €145,542 | -€68,037 | -31.9% |
| Amounts receivable within one year | 40/41 | €138,443 | €105,126 | -€33,317 | -24.1% |
| Other amounts receivable | 41 | €138,443 | €105,126 | -€33,317 | -24.1% |
| Cash at bank and in hand | 54/58 | €71,542 | €36,036 | -€35,506 | -49.6% |
| Deferred charges and accrued income | 490/1 | €3,595 | €4,381 | +€786 | +21.9% |
| Total equity and liabilities | 10/49 | €1,513,382 | €1,870,006 | +€356,624 | +23.6% |
| Equity | 10/15 | €33,868 | €208,405 | +€174,537 | +515.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €15,268 | €189,805 | +€174,537 | +1143.2% |
| Distributable reserves | 133 | €15,268 | €189,805 | +€174,537 | +1143.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,479,514 | €1,661,601 | +€182,087 | +12.3% |
| Amounts payable after more than one year | 17 | €1,043,257 | €1,351,643 | +€308,387 | +29.6% |
| Financial debts | 170/4 | €1,043,257 | €1,301,643 | +€258,387 | +24.8% |
| Other amounts payable | 178/9 | - | €50,000 | +€50,000 | |
| Amounts payable within one year | 42/48 | €436,257 | €307,424 | -€128,833 | -29.5% |
| Current portion of amounts payable after more than one year | 42 | €80,233 | €111,341 | +€31,108 | +38.8% |
| Financial debts | 43 | €1,006 | €1,990 | +€984 | +97.8% |
| Credit institutions | 430/8 | €0 | €1,990 | +€1,990 | |
| Other loans | 439 | €1,006 | - | -€1,006 | |
| Trade debts | 44 | €2,503 | €1,653 | -€849 | -33.9% |
| Suppliers | 440/4 | €2,503 | €1,653 | -€849 | -33.9% |
| Taxes, remuneration and social security | 45 | €6,581 | €13,078 | +€6,497 | +98.7% |
| Taxes | 450/3 | €6,581 | €13,078 | +€6,497 | +98.7% |
| Other amounts payable | 47/48 | €345,934 | €179,362 | -€166,573 | -48.2% |
| Accrued charges and deferred income | 492/3 | - | €2,533 | +€2,533 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,561 | €97,376 | +€17,815 | +22.4% |
| Other operating charges | 640/8 | €2,480 | €6,604 | +€4,124 | +166.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €289,822 | €369,742 | +€79,920 | +27.6% |
| Operating profit (loss) | 9901 | €207,781 | €265,762 | +€57,981 | +27.9% |
| Financial income | 75/76B | €2,500 | €0 | -€2,500 | -100.0% |
| Recurring financial income | 75 | €2,500 | €0 | -€2,500 | -100.0% |
| Financial charges | 65/66B | €26,033 | €38,147 | +€12,114 | +46.5% |
| Recurring financial charges | 65 | €26,033 | €38,147 | +€12,114 | +46.5% |
| Profit (loss) for the period before taxes | 9903 | €184,248 | €227,615 | +€43,368 | +23.5% |
| Income taxes | 67/77 | €41,465 | €53,078 | +€11,613 | +28.0% |
| Profit (loss) for the period | 9904 | €142,782 | €174,537 | +€31,754 | +22.2% |
| Profit (loss) for the period to be appropriated | 9905 | €142,782 | €174,537 | +€31,754 | +22.2% |
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 8 October 2026 via checked.be.