JETMA: 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.
JETMA
Largest movements
- Cash -€38,133
down €38,133 (-19.6%), from €194,187 to €156,053
mainly Net result for the year (-€33,250) and Receivables within one year (-€6,867)
- Receivables within one year +€6,867
up €6,867 (+83.8%), from €8,190 to €15,057
of which Other amounts receivable: +€10,981
- Tangible fixed assets -€4,025
down €4,025 (-37.8%), from €10,654 to €6,629
of which Plant, machinery and equipment: -€2,046
- Deferred charges and accrued income +€2,316
up €2,316 (+160.3%), from €1,445 to €3,760
- Profit (loss) carried forward -€33,250
down €33,250 (-60.5%), from -€54,961 to -€88,210
- Gross operating margin -€20,150
down €20,150 (-259.3%), from -€7,772 to -€27,922
- Financial income -€316
down €316 (-48.6%), from €651 to €335
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 | €214,476 | €181,500 | -€32,976 | -15.4% |
| Fixed assets | 21/28 | €10,654 | €6,629 | -€4,025 | -37.8% |
| Tangible fixed assets | 22/27 | €10,654 | €6,629 | -€4,025 | -37.8% |
| Plant, machinery and equipment | 23 | €6,367 | €4,321 | -€2,046 | -32.1% |
| Furniture and vehicles | 24 | €4,287 | €2,308 | -€1,979 | -46.2% |
| Current assets | 29/58 | €203,822 | €174,871 | -€28,951 | -14.2% |
| Amounts receivable within one year | 40/41 | €8,190 | €15,057 | +€6,867 | +83.8% |
| Trade receivables | 40 | €6,171 | €2,057 | -€4,114 | -66.7% |
| Other amounts receivable | 41 | €2,019 | €13,000 | +€10,981 | +543.7% |
| Cash at bank and in hand | 54/58 | €194,187 | €156,053 | -€38,133 | -19.6% |
| Deferred charges and accrued income | 490/1 | €1,445 | €3,760 | +€2,316 | +160.3% |
| Total equity and liabilities | 10/49 | €214,476 | €181,500 | -€32,976 | -15.4% |
| Equity | 10/15 | €209,699 | €176,450 | -€33,250 | -15.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €246,060 | €246,060 | = | 0.0% |
| Distributable reserves | 133 | €246,060 | €246,060 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€54,961 | -€88,210 | -€33,250 | -60.5% |
| Amounts payable | 17/49 | €4,777 | €5,050 | +€274 | +5.7% |
| Amounts payable within one year | 42/48 | €4,777 | €5,050 | +€274 | +5.7% |
| Trade debts | 44 | €4,777 | €5,050 | +€274 | +5.7% |
| Suppliers | 440/4 | €4,777 | €5,050 | +€274 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,021 | €5,047 | +€26 | +0.5% |
| Other operating charges | 640/8 | €591 | €387 | -€204 | -34.5% |
| Gross operating margin | 9900 | -€7,772 | -€27,922 | -€20,150 | -259.3% |
| Operating profit (loss) | 9901 | -€13,385 | -€33,356 | -€19,972 | -149.2% |
| Financial income | 75/76B | €651 | €335 | -€316 | -48.6% |
| Recurring financial income | 75 | €651 | €335 | -€316 | -48.6% |
| Financial charges | 65/66B | €246 | €228 | -€18 | -7.2% |
| Recurring financial charges | 65 | €246 | €228 | -€18 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | -€12,979 | -€33,250 | -€20,270 | -156.2% |
| Income taxes | 67/77 | €251 | - | -€251 | |
| Profit (loss) for the period | 9904 | -€13,231 | -€33,250 | -€20,019 | -151.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,231 | -€33,250 | -€20,019 | -151.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.