JETIM: 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.
JETIM
Largest movements
- Cash -€2,982
down €2,982 (-1.7%), from €180,312 to €177,330
mainly Net result for the year (-€4,184) and Other debts (-€2,185)
- Receivables within one year -€2,275
down €2,275 (-28.5%), from €7,994 to €5,719
of which Trade receivables: -€2,740
- Profit (loss) carried forward -€4,184
down €4,184 (-25.2%), from -€16,577 to -€20,761
- Other debts -€2,185
down €2,185 (-27.2%), from €8,029 to €5,844
- Financial charges +€2,427
up €2,427 (+3413.3%), from €71 to €2,498
- Gross operating margin -€1,087
down €1,087, from €859 to -€228
- Depreciation -€721
down €721 (-65.2%), from €1,106 to €385
- Other operating charges +€195
up €195 (+31.1%), from €627 to €822
- Taxes +€58
up €58 (+30.3%), from €193 to €251
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 | €192,942 | €187,019 | -€5,923 | -3.1% |
| Fixed assets | 21/28 | €796 | €411 | -€385 | -48.3% |
| Tangible fixed assets | 22/27 | €796 | €411 | -€385 | -48.3% |
| Plant, machinery and equipment | 23 | €796 | €411 | -€385 | -48.3% |
| Current assets | 29/58 | €192,146 | €186,608 | -€5,538 | -2.9% |
| Stocks and contracts in progress | 3 | €3,500 | €3,200 | -€300 | -8.6% |
| Stocks | 30/36 | €3,500 | €3,200 | -€300 | -8.6% |
| Amounts receivable within one year | 40/41 | €7,994 | €5,719 | -€2,275 | -28.5% |
| Trade receivables | 40 | €7,987 | €5,247 | -€2,740 | -34.3% |
| Other amounts receivable | 41 | €7 | €472 | +€465 | +6449.1% |
| Cash at bank and in hand | 54/58 | €180,312 | €177,330 | -€2,982 | -1.7% |
| Deferred charges and accrued income | 490/1 | €340 | €358 | +€18 | +5.3% |
| Total equity and liabilities | 10/49 | €192,942 | €187,019 | -€5,923 | -3.1% |
| Equity | 10/15 | €184,389 | €180,205 | -€4,184 | -2.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €188,566 | €188,566 | = | 0.0% |
| Distributable reserves | 133 | €188,566 | €188,566 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,577 | -€20,761 | -€4,184 | -25.2% |
| Amounts payable | 17/49 | €8,553 | €6,814 | -€1,740 | -20.3% |
| Amounts payable within one year | 42/48 | €8,553 | €6,814 | -€1,740 | -20.3% |
| Trade debts | 44 | €278 | €37 | -€240 | -86.6% |
| Suppliers | 440/4 | €278 | €37 | -€240 | -86.6% |
| Taxes, remuneration and social security | 45 | €247 | €932 | +€686 | +278.1% |
| Taxes | 450/3 | €247 | €932 | +€686 | +278.1% |
| Other amounts payable | 47/48 | €8,029 | €5,844 | -€2,185 | -27.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,106 | €385 | -€721 | -65.2% |
| Other operating charges | 640/8 | €627 | €822 | +€195 | +31.1% |
| Gross operating margin | 9900 | €859 | -€228 | -€1,087 | |
| Operating profit (loss) | 9901 | -€875 | -€1,435 | -€560 | -64.1% |
| Financial income | 75/76B | €2 | €0 | -€2 | -98.5% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -98.5% |
| Financial charges | 65/66B | €71 | €2,498 | +€2,427 | +3413.3% |
| Recurring financial charges | 65 | €71 | €2,498 | +€2,427 | +3413.3% |
| Profit (loss) for the period before taxes | 9903 | -€944 | -€3,933 | -€2,989 | -316.7% |
| Income taxes | 67/77 | €193 | €251 | +€58 | +30.3% |
| Profit (loss) for the period | 9904 | -€1,136 | -€4,184 | -€3,047 | -268.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,136 | -€4,184 | -€3,047 | -268.1% |
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 10 October 2026 via checked.be.