JETH: 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.
JETH
Largest movements
- Tangible fixed assets +€18,611
up €18,611 (+297.6%), from €6,254 to €24,865
of which Furniture and vehicles: +€12,391
- Cash +€12,896
up €12,896 (+151.2%), from €8,530 to €21,426
mainly Net result for the year (+€26,912) and Receivables within one year (+€9,655)
- Receivables within one year -€9,655
down €9,655 (-20.2%), from €47,790 to €38,135
of which Trade receivables: -€10,716
- Profit (loss) carried forward +€26,912
up €26,912 (+92.2%), from -€29,177 to -€2,265
- Trade debts -€10,137
down €10,137 (-65.6%), from €15,444 to €5,307
- Tax, wage and social debts +€7,084
up €7,084 (+76.5%), from €9,259 to €16,342
of which Remuneration and social security: +€3,972
- Other debts -€1,728
down €1,728 (-37.7%), from €4,578 to €2,850
- Gross operating margin +€49,969
up €49,969 (+89.5%), from €55,815 to €105,785
- Turnover +€40,832
up €40,832 (+24.7%), from €165,492 to €206,323
- Staff costs +€32,600
up €32,600 (+104.6%), from €31,169 to €63,770
- Purchases and services -€3,531
down €3,531 (-3.0%), from €117,760 to €114,228
- Other operating charges -€2,416
down €2,416 (-61.2%), from €3,946 to €1,530
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 | €71,104 | €93,234 | +€22,130 | +31.1% |
| Fixed assets | 21/28 | €6,654 | €25,265 | +€18,611 | +279.7% |
| Tangible fixed assets | 22/27 | €6,254 | €24,865 | +€18,611 | +297.6% |
| Land and buildings | 22 | €0 | €7,801 | +€7,801 | |
| Plant, machinery and equipment | 23 | €989 | €439 | -€550 | -55.6% |
| Furniture and vehicles | 24 | €1,604 | €13,994 | +€12,391 | +772.7% |
| Other tangible fixed assets | 26 | €3,662 | €2,630 | -€1,032 | -28.2% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €64,449 | €67,969 | +€3,519 | +5.5% |
| Stocks and contracts in progress | 3 | €8,130 | €8,130 | = | 0.0% |
| Stocks | 30/36 | €8,130 | €8,130 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €47,790 | €38,135 | -€9,655 | -20.2% |
| Trade receivables | 40 | €10,716 | - | -€10,716 | |
| Other amounts receivable | 41 | €37,074 | €38,135 | +€1,061 | +2.9% |
| Cash at bank and in hand | 54/58 | €8,530 | €21,426 | +€12,896 | +151.2% |
| Deferred charges and accrued income | 490/1 | - | €278 | +€278 | |
| Total equity and liabilities | 10/49 | €71,104 | €93,234 | +€22,130 | +31.1% |
| Equity | 10/15 | €41,823 | €68,735 | +€26,912 | +64.3% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €1,000 | €1,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,000 | €1,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,177 | -€2,265 | +€26,912 | +92.2% |
| Amounts payable | 17/49 | €29,281 | €24,499 | -€4,782 | -16.3% |
| Amounts payable within one year | 42/48 | €29,281 | €24,499 | -€4,782 | -16.3% |
| Trade debts | 44 | €15,444 | €5,307 | -€10,137 | -65.6% |
| Suppliers | 440/4 | €15,444 | €5,307 | -€10,137 | -65.6% |
| Taxes, remuneration and social security | 45 | €9,259 | €16,342 | +€7,084 | +76.5% |
| Taxes | 450/3 | €7,712 | €10,823 | +€3,112 | +40.4% |
| Remuneration and social security | 454/9 | €1,547 | €5,519 | +€3,972 | +256.7% |
| Other amounts payable | 47/48 | €4,578 | €2,850 | -€1,728 | -37.7% |
| Turnover | 70 | €165,492 | €206,323 | +€40,832 | +24.7% |
| Non-recurring operating income | 76A | €1,500 | €4,364 | +€2,863 | +190.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €117,760 | €114,228 | -€3,531 | -3.0% |
| Remuneration, social security and pensions | 62 | €31,169 | €63,770 | +€32,600 | +104.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,384 | €2,617 | -€1,767 | -40.3% |
| Other operating charges | 640/8 | €3,946 | €1,530 | -€2,416 | -61.2% |
| Non-recurring operating charges | 66A | €1,113 | - | -€1,113 | |
| Gross operating margin | 9900 | €55,815 | €105,785 | +€49,969 | +89.5% |
| Operating profit (loss) | 9901 | €15,202 | €37,867 | +€22,665 | +149.1% |
| Financial income | 75/76B | €680 | €0 | -€680 | -100.0% |
| Recurring financial income | 75 | €680 | €0 | -€680 | -100.0% |
| Financial charges | 65/66B | €2,932 | €1,508 | -€1,424 | -48.6% |
| Recurring financial charges | 65 | €2,932 | €1,508 | -€1,424 | -48.6% |
| Profit (loss) for the period before taxes | 9903 | €12,950 | €36,359 | +€23,409 | +180.8% |
| Income taxes | 67/77 | €7,642 | €9,448 | +€1,805 | +23.6% |
| Profit (loss) for the period | 9904 | €5,308 | €26,912 | +€21,604 | +407.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,308 | €26,912 | +€21,604 | +407.0% |
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 29 September 2026 via checked.be.