JETAMM: 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.
JETAMM
Largest movements
- Cash +€31,984
up €31,984 (+12.3%), from €260,818 to €292,801
mainly Net result for the year (+€38,221) and Depreciation (+€485)
- Receivables within one year +€6,842
up €6,842 (+195%), from €3,500 to €10,342
of which Other amounts receivable: +€6,842
- Reserves +€38,221
up €38,221 (+26.6%), from €143,801 to €182,022
of which Distributable reserves: +€38,221
- Turnover +€9,413
up €9,413 (+6.7%), from €141,543 to €150,956
- Taxes +€1,676
up €1,676 (+14.6%), from €11,482 to €13,158
of which Taxes: +€1,658
- Staff costs +€1,647
up €1,647 (+2.5%), from €65,823 to €67,469
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 | €273,477 | €311,966 | +€38,489 | +14.1% |
| Fixed assets | 21/28 | €1,497 | €1,012 | -€485 | -32.4% |
| Tangible fixed assets | 22/27 | €527 | €42 | -€485 | -92.0% |
| Furniture and vehicles | 24 | €527 | €42 | -€485 | -92.0% |
| Financial fixed assets | 28 | €970 | €970 | = | 0.0% |
| Other financial fixed assets | 284/8 | €970 | €970 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €970 | €970 | = | 0.0% |
| Current assets | 29/58 | €271,980 | €310,954 | +€38,974 | +14.3% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €3,500 | €10,342 | +€6,842 | +195% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €3,500 | €10,342 | +€6,842 | +195% |
| Cash at bank and in hand | 54/58 | €260,818 | €292,801 | +€31,984 | +12.3% |
| Deferred charges and accrued income | 490/1 | €7,663 | €7,810 | +€148 | +1.9% |
| Total equity and liabilities | 10/49 | €273,477 | €311,966 | +€38,489 | +14.1% |
| Equity | 10/15 | €263,801 | €302,022 | +€38,221 | +14.5% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Capital | 10 | €120,000 | €120,000 | = | 0.0% |
| Issued capital | 100 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €143,801 | €182,022 | +€38,221 | +26.6% |
| Non-distributable reserves | 130/1 | €12,000 | €12,000 | = | 0.0% |
| Legal reserve | 130 | €12,000 | €12,000 | = | 0.0% |
| Distributable reserves | 133 | €131,801 | €170,022 | +€38,221 | +29.0% |
| Amounts payable | 17/49 | €9,676 | €9,944 | +€268 | +2.8% |
| Amounts payable within one year | 42/48 | €9,676 | €9,944 | +€268 | +2.8% |
| Trade debts | 44 | €2,071 | €2,148 | +€77 | +3.7% |
| Suppliers | 440/4 | €2,071 | €2,148 | +€77 | +3.7% |
| Taxes, remuneration and social security | 45 | €7,605 | €7,796 | +€191 | +2.5% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €7,605 | €7,796 | +€191 | +2.5% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Operating income | 70/76A | €141,795 | €151,199 | +€9,404 | +6.6% |
| Turnover | 70 | €141,543 | €150,956 | +€9,413 | +6.7% |
| Other operating income | 74 | €252 | €243 | -€9 | -3.6% |
| Operating charges | 60/66A | €97,102 | €99,730 | +€2,628 | +2.7% |
| Services and other goods | 61 | €30,157 | €31,248 | +€1,091 | +3.6% |
| Remuneration, social security and pensions | 62 | €65,823 | €67,469 | +€1,647 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €609 | €485 | -€124 | -20.4% |
| Other operating charges | 640/8 | €513 | €528 | +€14 | +2.8% |
| Operating profit (loss) | 9901 | €44,693 | €51,469 | +€6,777 | +15.2% |
| Financial charges | 65/66B | €87 | €91 | +€4 | +4.5% |
| Recurring financial charges | 65 | €87 | €91 | +€4 | +4.5% |
| Other financial charges | 652/9 | €87 | €91 | +€4 | +4.5% |
| Profit (loss) for the period before taxes | 9903 | €44,606 | €51,379 | +€6,773 | +15.2% |
| Income taxes | 67/77 | €11,482 | €13,158 | +€1,676 | +14.6% |
| Taxes | 670/3 | €11,500 | €13,158 | +€1,658 | +14.4% |
| Tax adjustments and reversals of tax provisions | 77 | €18 | €0 | -€18 | -100% |
| Profit (loss) for the period | 9904 | €33,124 | €38,221 | +€5,097 | +15.4% |
| Profit (loss) for the period to be appropriated | 9905 | €33,124 | €38,221 | +€5,097 | +15.4% |
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 15 October 2026 via checked.be.