Jetexpress: 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.
Jetexpress
Largest movements
- Receivables within one year -€784,356
down €784,356 (-24.3%), from €3.2m to €2.4m
of which Trade receivables: -€805,181
- Cash +€362,611
up €362,611 (+83.3%), from €435,094 to €797,705
mainly Receivables within one year (+€784,356) and Trade debts (+€653,582)
- Deferred charges and accrued income +€269,302
up €269,302 (+38.9%), from €693,093 to €962,395
- Current investments -€49,415
down €49,415 (-48.1%), from €102,735 to €53,320
- Trade debts +€653,582
up €653,582 (+52.9%), from €1.2m to €1.9m
- Advances received -€521,105
down €521,105 (-98.5%), from €528,868 to €7,763
- Accrued charges and deferred income -€357,064
down €357,064 (-39.3%), from €909,258 to €552,194
- Profit (loss) carried forward +€74,526
up €74,526 (+6.8%), from €1.1m to €1.2m
- Tax, wage and social debts -€62,869
down €62,869 (-16.6%), from €379,666 to €316,797
of which Remuneration and social security: -€62,481
- Gross operating margin +€63,209
up €63,209 (+6.8%), from €931,447 to €994,656
- Taxes +€47,339
up €47,339 (+423.1%), from €11,189 to €58,528
- Staff costs -€21,710
down €21,710 (-2.8%), from €778,595 to €756,885
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 | €4,873,645 | €4,641,033 | -€232,613 | -4.8% |
| Fixed assets | 21/28 | €409,245 | €378,491 | -€30,754 | -7.5% |
| Intangible fixed assets | 21 | €915 | €458 | -€458 | -50.0% |
| Tangible fixed assets | 22/27 | €407,881 | €377,584 | -€30,296 | -7.4% |
| Land and buildings | 22 | €320,447 | €306,560 | -€13,887 | -4.3% |
| Plant, machinery and equipment | 23 | €20,082 | €15,684 | -€4,398 | -21.9% |
| Furniture and vehicles | 24 | €61,351 | €49,340 | -€12,011 | -19.6% |
| Other tangible fixed assets | 26 | €6,000 | €6,000 | = | 0.0% |
| Financial fixed assets | 28 | €449 | €449 | = | 0.0% |
| Current assets | 29/58 | €4,464,401 | €4,262,542 | -€201,859 | -4.5% |
| Amounts receivable within one year | 40/41 | €3,233,478 | €2,449,122 | -€784,356 | -24.3% |
| Trade receivables | 40 | €3,210,795 | €2,405,615 | -€805,181 | -25.1% |
| Other amounts receivable | 41 | €22,683 | €43,507 | +€20,825 | +91.8% |
| Current investments | 50/53 | €102,735 | €53,320 | -€49,415 | -48.1% |
| Cash at bank and in hand | 54/58 | €435,094 | €797,705 | +€362,611 | +83.3% |
| Deferred charges and accrued income | 490/1 | €693,093 | €962,395 | +€269,302 | +38.9% |
| Total equity and liabilities | 10/49 | €4,873,645 | €4,641,033 | -€232,613 | -4.8% |
| Equity | 10/15 | €1,315,795 | €1,390,320 | +€74,526 | +5.7% |
| Contributions | 10/11 | €187,000 | €187,000 | = | 0.0% |
| Reserves | 13 | €33,169 | €33,169 | = | 0.0% |
| Tax-exempt reserves | 132 | €33,169 | €33,169 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,095,626 | €1,170,152 | +€74,526 | +6.8% |
| Provisions and deferred taxes | 16 | €30,000 | €30,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €30,000 | €30,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €30,000 | €30,000 | = | 0.0% |
| Amounts payable | 17/49 | €3,527,851 | €3,220,712 | -€307,138 | -8.7% |
| Amounts payable after more than one year | 17 | €394,947 | €370,601 | -€24,347 | -6.2% |
| Financial debts | 170/4 | €194,947 | €170,601 | -€24,347 | -12.5% |
| Other amounts payable | 178/9 | €200,000 | €200,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,223,646 | €2,297,917 | +€74,272 | +3.3% |
| Current portion of amounts payable after more than one year | 42 | €31,116 | €35,781 | +€4,664 | +15.0% |
| Trade debts | 44 | €1,235,887 | €1,889,469 | +€653,582 | +52.9% |
| Suppliers | 440/4 | €1,235,887 | €1,889,469 | +€653,582 | +52.9% |
| Advances received on contracts in progress | 46 | €528,868 | €7,763 | -€521,105 | -98.5% |
| Taxes, remuneration and social security | 45 | €379,666 | €316,797 | -€62,869 | -16.6% |
| Taxes | 450/3 | €39,473 | €39,085 | -€388 | -1.0% |
| Remuneration and social security | 454/9 | €340,193 | €277,711 | -€62,481 | -18.4% |
| Other amounts payable | 47/48 | €48,108 | €48,108 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €909,258 | €552,194 | -€357,064 | -39.3% |
| Remuneration, social security and pensions | 62 | €778,595 | €756,885 | -€21,710 | -2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,911 | €39,280 | +€368 | +0.9% |
| Other operating charges | 640/8 | €16,871 | €12,323 | -€4,548 | -27.0% |
| Non-recurring operating charges | 66A | €8,015 | - | -€8,015 | |
| Gross operating margin | 9900 | €931,447 | €994,656 | +€63,209 | +6.8% |
| Operating profit (loss) | 9901 | €89,055 | €186,168 | +€97,113 | +109.0% |
| Financial income | 75/76B | - | €385 | +€385 | |
| Recurring financial income | 75 | - | €385 | +€385 | |
| Financial charges | 65/66B | €53,147 | €53,500 | +€353 | +0.7% |
| Recurring financial charges | 65 | €53,147 | €53,500 | +€353 | +0.7% |
| Profit (loss) for the period before taxes | 9903 | €35,908 | €133,054 | +€97,146 | +270.5% |
| Income taxes | 67/77 | €11,189 | €58,528 | +€47,339 | +423.1% |
| Profit (loss) for the period | 9904 | €24,719 | €74,526 | +€49,807 | +201.5% |
| Profit (loss) for the period to be appropriated | 9905 | €24,719 | €74,526 | +€49,807 | +201.5% |
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.