JETE: 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.
JETE
Largest movements
- Tangible fixed assets -€32,059
down €32,059 (-6.8%), from €470,095 to €438,035
- Receivables within one year +€8,860
up €8,860 (+33.8%), from €26,197 to €35,056
- Reserves -€15,194
down €15,194 (-9.6%), from €158,647 to €143,453
- Profit (loss) carried forward +€6,250
up €6,250 (+8.3%), from €75,215 to €81,466
- Debts after one year -€5,466
down €5,466 (-26.5%), from €20,617 to €15,151
- Provisions -€5,065
down €5,065 (-9.6%), from €52,882 to €47,818
- Depreciation +€4,339
up €4,339 (+14.3%), from €30,449 to €34,788
- Gross operating margin -€1,227
down €1,227 (-4.3%), from €28,846 to €27,619
- Financial charges +€970
up €970 (+69.6%), from €1,394 to €2,364
- Other operating charges +€884
up €884 (+28.7%), from €3,079 to €3,963
- Financial income +€653
up €653 (+64.9%), from €1,006 to €1,660
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 | €503,660 | €480,125 | -€23,535 | -4.7% |
| Fixed assets | 21/28 | €470,095 | €438,035 | -€32,059 | -6.8% |
| Tangible fixed assets | 22/27 | €470,095 | €438,035 | -€32,059 | -6.8% |
| Land and buildings | 22 | €470,095 | €438,035 | -€32,059 | -6.8% |
| Current assets | 29/58 | €33,566 | €42,090 | +€8,524 | +25.4% |
| Amounts receivable within one year | 40/41 | €26,197 | €35,056 | +€8,860 | +33.8% |
| Other amounts receivable | 41 | €26,197 | €35,056 | +€8,860 | +33.8% |
| Cash at bank and in hand | 54/58 | €3,241 | €4,833 | +€1,592 | +49.1% |
| Deferred charges and accrued income | 490/1 | €4,127 | €2,200 | -€1,927 | -46.7% |
| Total equity and liabilities | 10/49 | €503,660 | €480,125 | -€23,535 | -4.7% |
| Equity | 10/15 | €391,401 | €382,457 | -€8,944 | -2.3% |
| Contributions | 10/11 | €157,538 | €157,538 | = | 0.0% |
| Reserves | 13 | €158,647 | €143,453 | -€15,194 | -9.6% |
| Tax-exempt reserves | 132 | €158,647 | €143,453 | -€15,194 | -9.6% |
| Profit (loss) carried forward | 14 | €75,215 | €81,466 | +€6,250 | +8.3% |
| Provisions and deferred taxes | 16 | €52,882 | €47,818 | -€5,065 | -9.6% |
| Deferred taxes | 168 | €52,882 | €47,818 | -€5,065 | -9.6% |
| Amounts payable | 17/49 | €59,377 | €49,850 | -€9,527 | -16.0% |
| Amounts payable after more than one year | 17 | €20,617 | €15,151 | -€5,466 | -26.5% |
| Financial debts | 170/4 | €20,617 | €15,151 | -€5,466 | -26.5% |
| Amounts payable within one year | 42/48 | €38,760 | €31,650 | -€7,109 | -18.3% |
| Current portion of amounts payable after more than one year | 42 | €30,166 | €28,466 | -€1,700 | -5.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €2,033 | €430 | -€1,603 | -78.9% |
| Suppliers | 440/4 | €2,033 | €430 | -€1,603 | -78.9% |
| Taxes, remuneration and social security | 45 | €6,561 | €2,755 | -€3,807 | -58.0% |
| Taxes | 450/3 | €6,561 | €2,755 | -€3,807 | -58.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | - | €3,048 | +€3,048 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,449 | €34,788 | +€4,339 | +14.3% |
| Other operating charges | 640/8 | €3,079 | €3,963 | +€884 | +28.7% |
| Gross operating margin | 9900 | €28,846 | €27,619 | -€1,227 | -4.3% |
| Operating profit (loss) | 9901 | -€4,682 | -€11,131 | -€6,449 | -137.7% |
| Financial income | 75/76B | €1,006 | €1,660 | +€653 | +64.9% |
| Recurring financial income | 75 | €1,006 | €1,660 | +€653 | +64.9% |
| Financial charges | 65/66B | €1,394 | €2,364 | +€970 | +69.6% |
| Recurring financial charges | 65 | €1,394 | €2,364 | +€970 | +69.6% |
| Profit (loss) for the period before taxes | 9903 | -€5,070 | -€11,835 | -€6,766 | -133.4% |
| Transfer from deferred taxes | 780 | €2,719 | €5,065 | +€2,346 | +86.3% |
| Income taxes | 67/77 | €1,582 | €2,173 | +€591 | +37.4% |
| Profit (loss) for the period | 9904 | -€3,933 | -€8,944 | -€5,011 | -127.4% |
| Transfer from tax-exempt reserves | 789 | €8,156 | €15,194 | +€7,038 | +86.3% |
| Profit (loss) for the period to be appropriated | 9905 | €4,223 | €6,250 | +€2,028 | +48.0% |
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 4 October 2026 via checked.be.