JETHAN: 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.
JETHAN
Largest movements
- Cash +€14,933
up €14,933 (+19.3%), from €77,454 to €92,387
mainly Net result for the year (+€25,172) and Depreciation (+€1,331)
- Receivables within one year +€2,236
new in 2025: €2,236
- Profit (loss) carried forward +€25,172
up €25,172, from -€5,873 to €19,299
- Tax, wage and social debts -€8,999
down €8,999 (-82.8%), from €10,862 to €1,863
- Gross operating margin +€5,830
up €5,830 (+16.9%), from €34,511 to €40,341
- Taxes -€1,020
down €1,020 (-15.0%), from €6,784 to €5,764
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 | €186,002 | €201,839 | +€15,837 | +8.5% |
| Fixed assets | 21/28 | €108,548 | €107,216 | -€1,331 | -1.2% |
| Tangible fixed assets | 22/27 | €108,548 | €107,216 | -€1,331 | -1.2% |
| Land and buildings | 22 | €108,548 | €107,216 | -€1,331 | -1.2% |
| Current assets | 29/58 | €77,454 | €94,623 | +€17,169 | +22.2% |
| Amounts receivable within one year | 40/41 | - | €2,236 | +€2,236 | |
| Other amounts receivable | 41 | - | €2,236 | +€2,236 | |
| Cash at bank and in hand | 54/58 | €77,454 | €92,387 | +€14,933 | +19.3% |
| Total equity and liabilities | 10/49 | €186,002 | €201,839 | +€15,837 | +8.5% |
| Equity | 10/15 | €125,932 | €151,104 | +€25,172 | +20.0% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | €74,368 | €74,368 | = | 0.0% |
| Issued capital | 100 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €57,437 | €57,437 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Legal reserve | 130 | €7,437 | €7,437 | = | 0.0% |
| Distributable reserves | 133 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,873 | €19,299 | +€25,172 | |
| Amounts payable | 17/49 | €60,070 | €50,736 | -€9,334 | -15.5% |
| Amounts payable within one year | 42/48 | €56,862 | €47,904 | -€8,958 | -15.8% |
| Financial debts | 43 | €40,000 | €40,000 | = | 0.0% |
| Other loans | 439 | €40,000 | €40,000 | = | 0.0% |
| Trade debts | 44 | €6,000 | €6,040 | +€40 | +0.7% |
| Suppliers | 440/4 | €6,000 | €6,040 | +€40 | +0.7% |
| Taxes, remuneration and social security | 45 | €10,862 | €1,863 | -€8,999 | -82.8% |
| Taxes | 450/3 | €10,862 | €1,863 | -€8,999 | -82.8% |
| Accrued charges and deferred income | 492/3 | €3,208 | €2,832 | -€376 | -11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,331 | €1,331 | = | 0.0% |
| Other operating charges | 640/8 | €5,044 | €5,201 | +€157 | +3.1% |
| Gross operating margin | 9900 | €34,511 | €40,341 | +€5,830 | +16.9% |
| Operating profit (loss) | 9901 | €28,136 | €33,808 | +€5,673 | +20.2% |
| Financial charges | 65/66B | €3,252 | €2,872 | -€379 | -11.7% |
| Recurring financial charges | 65 | €3,252 | €2,872 | -€379 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | €24,884 | €30,936 | +€6,052 | +24.3% |
| Income taxes | 67/77 | €6,784 | €5,764 | -€1,020 | -15.0% |
| Profit (loss) for the period | 9904 | €18,100 | €25,172 | +€7,072 | +39.1% |
| Profit (loss) for the period to be appropriated | 9905 | €18,100 | €25,172 | +€7,072 | +39.1% |
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 13 October 2026 via checked.be.