JETCO: 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.
JETCO
Largest movements
- Tangible fixed assets +€9,306
up €9,306 (+2.9%), from €319,841 to €329,147
of which Land and buildings: +€14,161
- Receivables within one year -€6,117
down €6,117 (-89.9%), from €6,802 to €685
of which Trade receivables: -€5,070
- Stocks and contracts -€4,056
down €4,056 (-31.3%), from €12,958 to €8,902
- Deferred charges and accrued income -€3,738
down €3,738 (-34.2%), from €10,921 to €7,184
- Debts after one year -€24,797
down €24,797 (-9.9%), from €249,544 to €224,746
- Other debts +€18,193
up €18,193 (+71.2%), from €25,563 to €43,756
- Profit (loss) carried forward -€12,965
down €12,965, from €270 to -€12,695
- Trade debts +€10,111
up €10,111 (+91.3%), from €11,073 to €21,184
- Gross operating margin -€31,205
down €31,205 (-43.0%), from €72,607 to €41,402
- Staff costs -€4,693
down €4,693 (-46.8%), from €10,023 to €5,330
- Taxes -€2,917
down €2,917 (-95.4%), from €3,058 to €141
- Financial charges -€860
down €860 (-9.0%), from €9,537 to €8,677
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 | €353,013 | €347,347 | -€5,666 | -1.6% |
| Fixed assets | 21/28 | €319,841 | €329,147 | +€9,306 | +2.9% |
| Tangible fixed assets | 22/27 | €319,841 | €329,147 | +€9,306 | +2.9% |
| Land and buildings | 22 | €286,417 | €300,577 | +€14,161 | +4.9% |
| Plant, machinery and equipment | 23 | €32,415 | €28,222 | -€4,193 | -12.9% |
| Furniture and vehicles | 24 | €1,010 | €349 | -€661 | -65.5% |
| Current assets | 29/58 | €33,172 | €18,200 | -€14,972 | -45.1% |
| Stocks and contracts in progress | 3 | €12,958 | €8,902 | -€4,056 | -31.3% |
| Stocks | 30/36 | €12,958 | €8,902 | -€4,056 | -31.3% |
| Amounts receivable within one year | 40/41 | €6,802 | €685 | -€6,117 | -89.9% |
| Trade receivables | 40 | €5,680 | €610 | -€5,070 | -89.3% |
| Other amounts receivable | 41 | €1,122 | €75 | -€1,047 | -93.4% |
| Cash at bank and in hand | 54/58 | €2,490 | €1,429 | -€1,062 | -42.6% |
| Deferred charges and accrued income | 490/1 | €10,921 | €7,184 | -€3,738 | -34.2% |
| Total equity and liabilities | 10/49 | €353,013 | €347,347 | -€5,666 | -1.6% |
| Equity | 10/15 | €35,972 | €23,007 | -€12,965 | -36.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €17,102 | €17,102 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €1,860 | +€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | €17,102 | €15,242 | -€1,860 | -10.9% |
| Profit (loss) carried forward | 14 | €270 | -€12,695 | -€12,965 | |
| Amounts payable | 17/49 | €317,042 | €324,340 | +€7,299 | +2.3% |
| Amounts payable after more than one year | 17 | €249,544 | €224,746 | -€24,797 | -9.9% |
| Financial debts | 170/4 | €249,544 | €224,746 | -€24,797 | -9.9% |
| Amounts payable within one year | 42/48 | €67,498 | €97,761 | +€30,263 | +44.8% |
| Current portion of amounts payable after more than one year | 42 | €24,031 | €24,797 | +€766 | +3.2% |
| Financial debts | 43 | €944 | €408 | -€536 | -56.7% |
| Credit institutions | 430/8 | €944 | €408 | -€536 | -56.7% |
| Trade debts | 44 | €11,073 | €21,184 | +€10,111 | +91.3% |
| Suppliers | 440/4 | €11,073 | €21,184 | +€10,111 | +91.3% |
| Advances received on contracts in progress | 46 | €705 | €0 | -€705 | -100% |
| Taxes, remuneration and social security | 45 | €5,182 | €7,615 | +€2,433 | +46.9% |
| Taxes | 450/3 | €3,872 | €5,565 | +€1,692 | +43.7% |
| Remuneration and social security | 454/9 | €1,310 | €2,050 | +€740 | +56.5% |
| Other amounts payable | 47/48 | €25,563 | €43,756 | +€18,193 | +71.2% |
| Accrued charges and deferred income | 492/3 | €0 | €1,833 | +€1,833 | |
| Remuneration, social security and pensions | 62 | €10,023 | €5,330 | -€4,693 | -46.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,980 | €36,375 | -€605 | -1.6% |
| Other operating charges | 640/8 | €3,258 | €3,966 | +€708 | +21.7% |
| Gross operating margin | 9900 | €72,607 | €41,402 | -€31,205 | -43.0% |
| Operating profit (loss) | 9901 | €22,346 | -€4,270 | -€26,615 | |
| Financial income | 75/76B | €5 | €122 | +€117 | +2,333% |
| Recurring financial income | 75 | €5 | €122 | +€117 | +2,333% |
| Financial charges | 65/66B | €9,537 | €8,677 | -€860 | -9.0% |
| Recurring financial charges | 65 | €9,537 | €8,677 | -€860 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | €12,814 | -€12,824 | -€25,638 | |
| Income taxes | 67/77 | €3,058 | €141 | -€2,917 | -95.4% |
| Profit (loss) for the period | 9904 | €9,756 | -€12,965 | -€22,721 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,756 | -€12,965 | -€22,721 |
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 14 October 2026 via checked.be.