JETPACK: 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.
JETPACK
Largest movements
- Tangible fixed assets +€557,267
up €557,267 (+104.2%), from €534,608 to €1.1m
of which Assets under construction and advance payments: +€598,618
- Intangible fixed assets -€115,974
down €115,974 (-55.5%), from €209,028 to €93,053
- Cash -€113,086
down €113,086 (-53.8%), from €210,384 to €97,298
mainly Investment in fixed assets (net) (-€610,692) and Tax, wage and social debts (-€285,161)
- Deferred charges and accrued income -€53,810
down €53,810 (-68.6%), from €78,406 to €24,596
- Other debts +€460,839
up €460,839 (+95.6%), from €482,020 to €942,859
- Tax, wage and social debts -€285,161
down €285,161 (-49.0%), from €581,834 to €296,673
of which Taxes: -€176,723
- Trade debts +€138,106
up €138,106 (+29.2%), from €472,955 to €611,061
- Profit (loss) carried forward -€63,129
down €63,129 (-21.9%), from €287,934 to €224,805
- Turnover +€460,082
up €460,082 (+18.9%), from €2.4m to €2.9m
- Staff costs +€432,766
up €432,766 (+20.6%), from €2.1m to €2.5m
- Other operating income +€173,212
up €173,212 (+53.7%), from €322,534 to €495,746
- Services and other goods +€163,288
up €163,288 (+14.3%), from €1.1m to €1.3m
- Taxes +€96,123
up €96,123, from -€96,123 to €0
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 | €1,845,203 | €2,108,844 | +€263,641 | +14.3% |
| Fixed assets | 21/28 | €755,336 | €1,196,629 | +€441,293 | +58.4% |
| Intangible fixed assets | 21 | €209,028 | €93,053 | -€115,974 | -55.5% |
| Tangible fixed assets | 22/27 | €534,608 | €1,091,875 | +€557,267 | +104.2% |
| Plant, machinery and equipment | 23 | €42,042 | €20,925 | -€21,117 | -50.2% |
| Furniture and vehicles | 24 | €52,191 | €31,957 | -€20,234 | -38.8% |
| Assets under construction and advance payments | 27 | €440,375 | €1,038,993 | +€598,618 | +135.9% |
| Financial fixed assets | 28 | €11,700 | €11,700 | = | 0.0% |
| Other financial fixed assets | 284/8 | €11,700 | €11,700 | = | 0.0% |
| Shares | 284 | €500 | €500 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €11,200 | €11,200 | = | 0.0% |
| Current assets | 29/58 | €1,089,867 | €912,216 | -€177,651 | -16.3% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €801,077 | €790,322 | -€10,756 | -1.3% |
| Trade receivables | 40 | €714,445 | €611,160 | -€103,285 | -14.5% |
| Other amounts receivable | 41 | €86,633 | €179,162 | +€92,529 | +106.8% |
| Cash at bank and in hand | 54/58 | €210,384 | €97,298 | -€113,086 | -53.8% |
| Deferred charges and accrued income | 490/1 | €78,406 | €24,596 | -€53,810 | -68.6% |
| Total equity and liabilities | 10/49 | €1,845,203 | €2,108,844 | +€263,641 | +14.3% |
| Equity | 10/15 | €308,394 | €245,265 | -€63,129 | -20.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €287,934 | €224,805 | -€63,129 | -21.9% |
| Amounts payable | 17/49 | €1,536,809 | €1,863,579 | +€326,770 | +21.3% |
| Amounts payable within one year | 42/48 | €1,536,809 | €1,850,593 | +€313,784 | +20.4% |
| Trade debts | 44 | €472,955 | €611,061 | +€138,106 | +29.2% |
| Suppliers | 440/4 | €472,955 | €611,061 | +€138,106 | +29.2% |
| Taxes, remuneration and social security | 45 | €581,834 | €296,673 | -€285,161 | -49.0% |
| Taxes | 450/3 | €211,640 | €34,916 | -€176,723 | -83.5% |
| Remuneration and social security | 454/9 | €370,194 | €261,757 | -€108,437 | -29.3% |
| Other amounts payable | 47/48 | €482,020 | €942,859 | +€460,839 | +95.6% |
| Accrued charges and deferred income | 492/3 | - | €12,986 | +€12,986 | |
| Operating income | 70/76A | €3,253,777 | €3,985,531 | +€731,754 | +22.5% |
| Turnover | 70 | €2,431,084 | €2,891,167 | +€460,082 | +18.9% |
| Own construction capitalised | 72 | €420,000 | €598,618 | +€178,618 | +42.5% |
| Other operating income | 74 | €322,534 | €495,746 | +€173,212 | +53.7% |
| Non-recurring operating income | 76A | €80,158 | €0 | -€80,158 | -100.0% |
| Operating charges | 60/66A | €3,403,286 | €4,009,673 | +€606,387 | +17.8% |
| Services and other goods | 61 | €1,144,244 | €1,307,532 | +€163,288 | +14.3% |
| Remuneration, social security and pensions | 62 | €2,097,237 | €2,530,003 | +€432,766 | +20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €156,664 | €169,399 | +€12,735 | +8.1% |
| Other operating charges | 640/8 | €3,982 | €2,739 | -€1,243 | -31.2% |
| Non-recurring operating charges | 66A | €1,160 | €0 | -€1,160 | -100.0% |
| Operating profit (loss) | 9901 | -€149,510 | -€24,142 | +€125,367 | +83.9% |
| Financial income | 75/76B | €548 | €166 | -€382 | -69.8% |
| Recurring financial income | 75 | €548 | €166 | -€382 | -69.8% |
| Other financial income | 752/9 | €548 | €166 | -€382 | -69.8% |
| Financial charges | 65/66B | €22,006 | €39,152 | +€17,146 | +77.9% |
| Recurring financial charges | 65 | €22,006 | €39,152 | +€17,146 | +77.9% |
| Debt charges | 650 | €21,528 | €38,654 | +€17,127 | +79.6% |
| Other financial charges | 652/9 | €479 | €498 | +€19 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | -€170,968 | -€63,129 | +€107,840 | +63.1% |
| Income taxes | 67/77 | -€96,123 | €0 | +€96,123 | |
| Taxes | 670/3 | €0 | - | = | |
| Tax adjustments and reversals of tax provisions | 77 | €96,123 | €0 | -€96,123 | -100.0% |
| Profit (loss) for the period | 9904 | -€74,845 | -€63,129 | +€11,716 | +15.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€74,845 | -€63,129 | +€11,716 | +15.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.