JETSE: 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.
JETSE
Largest movements
- Receivables after one year -€174,501
down €174,501 (-36.3%), from €480,955 to €306,455
- Receivables within one year +€102,220
new in 2025: €102,220
- Cash +€72,624
up €72,624 (+1418.5%), from €5,120 to €77,744
mainly Net result for the year (+€361,039) and Receivables after one year (+€174,501)
- Stocks and contracts -€51,131
down €51,131 (-33.9%), from €150,716 to €99,585
- Debts after one year -€347,485
no longer reported in 2025 (was €347,485)
- Other debts +€170,000
up €170,000 (+89.5%), from €190,000 to €360,000
- Tax, wage and social debts +€131,427
up €131,427 (+183.2%), from €71,737 to €203,164
- Gross operating margin +€194,919
up €194,919 (+68.9%), from €282,901 to €477,820
- Taxes +€59,689
up €59,689 (+83.2%), from €71,737 to €131,427
- Financial charges -€25,793
down €25,793 (-82.3%), from €31,339 to €5,546
- Other operating charges -€24,346
down €24,346 (-97.9%), from €24,874 to €528
- Financial income -€15,849
down €15,849 (-43.3%), from €36,569 to €20,719
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 | €636,791 | €586,003 | -€50,788 | -8.0% |
| Current assets | 29/58 | €636,791 | €586,003 | -€50,788 | -8.0% |
| Amounts receivable after more than one year | 29 | €480,955 | €306,455 | -€174,501 | -36.3% |
| Other amounts receivable | 291 | €480,955 | €306,455 | -€174,501 | -36.3% |
| Stocks and contracts in progress | 3 | €150,716 | €99,585 | -€51,131 | -33.9% |
| Stocks | 30/36 | €150,716 | €99,585 | -€51,131 | -33.9% |
| Amounts receivable within one year | 40/41 | - | €102,220 | +€102,220 | |
| Other amounts receivable | 41 | - | €102,220 | +€102,220 | |
| Cash at bank and in hand | 54/58 | €5,120 | €77,744 | +€72,624 | +1418.5% |
| Total equity and liabilities | 10/49 | €636,791 | €586,003 | -€50,788 | -8.0% |
| Equity | 10/15 | €21,673 | €22,711 | +€1,039 | +4.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,673 | €2,711 | +€1,039 | +62.1% |
| Distributable reserves | 133 | €1,673 | €2,711 | +€1,039 | +62.1% |
| Amounts payable | 17/49 | €615,119 | €563,292 | -€51,827 | -8.4% |
| Amounts payable after more than one year | 17 | €347,485 | - | -€347,485 | |
| Financial debts | 170/4 | €347,485 | - | -€347,485 | |
| Amounts payable within one year | 42/48 | €267,047 | €563,292 | +€296,245 | +110.9% |
| Trade debts | 44 | €5,310 | €128 | -€5,182 | -97.6% |
| Suppliers | 440/4 | €5,310 | €128 | -€5,182 | -97.6% |
| Taxes, remuneration and social security | 45 | €71,737 | €203,164 | +€131,427 | +183.2% |
| Taxes | 450/3 | €71,737 | €203,164 | +€131,427 | +183.2% |
| Other amounts payable | 47/48 | €190,000 | €360,000 | +€170,000 | +89.5% |
| Accrued charges and deferred income | 492/3 | €587 | - | -€587 | |
| Other operating charges | 640/8 | €24,874 | €528 | -€24,346 | -97.9% |
| Gross operating margin | 9900 | €282,901 | €477,820 | +€194,919 | +68.9% |
| Operating profit (loss) | 9901 | €258,027 | €477,292 | +€219,265 | +85.0% |
| Financial income | 75/76B | €36,569 | €20,719 | -€15,849 | -43.3% |
| Recurring financial income | 75 | €36,569 | €20,719 | -€15,849 | -43.3% |
| Financial charges | 65/66B | €31,339 | €5,546 | -€25,793 | -82.3% |
| Recurring financial charges | 65 | €31,339 | €5,546 | -€25,793 | -82.3% |
| Profit (loss) for the period before taxes | 9903 | €263,256 | €492,466 | +€229,209 | +87.1% |
| Income taxes | 67/77 | €71,737 | €131,427 | +€59,689 | +83.2% |
| Profit (loss) for the period | 9904 | €191,519 | €361,039 | +€169,520 | +88.5% |
| Profit (loss) for the period to be appropriated | 9905 | €191,519 | €361,039 | +€169,520 | +88.5% |
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 29 September 2026 via checked.be.