JETSET: 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.
JETSET
Largest movements
- Cash +€143,778
up €143,778 (+85.3%), from €168,632 to €312,409
mainly Net result for the year (+€180,526) and Tax, wage and social debts (+€33,543)
- Tangible fixed assets +€44,861
up €44,861 (+73.8%), from €60,823 to €105,684
- Reserves +€180,526
up €180,526 (+81.4%), from €221,838 to €402,364
- Tax, wage and social debts +€33,543
up €33,543 (+198.4%), from €16,904 to €50,447
of which Taxes: +€32,829
- Trade debts -€15,003
down €15,003 (-63.9%), from €23,467 to €8,464
- Debts after one year -€12,423
down €12,423 (-49.1%), from €25,301 to €12,878
- Gross operating margin +€231,284
up €231,284 (+130.8%), from €176,796 to €408,080
- Taxes +€70,603
up €70,603 (+401.8%), from €17,572 to €88,175
- Staff costs +€16,705
up €16,705 (+17.7%), from €94,417 to €111,121
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 | €328,396 | €517,465 | +€189,069 | +57.6% |
| Fixed assets | 21/28 | €60,880 | €105,740 | +€44,861 | +73.7% |
| Tangible fixed assets | 22/27 | €60,823 | €105,684 | +€44,861 | +73.8% |
| Furniture and vehicles | 24 | €60,823 | €105,684 | +€44,861 | +73.8% |
| Financial fixed assets | 28 | €56 | €56 | = | 0.0% |
| Current assets | 29/58 | €267,516 | €411,725 | +€144,208 | +53.9% |
| Amounts receivable within one year | 40/41 | €98,885 | €98,098 | -€787 | -0.8% |
| Trade receivables | 40 | €38,264 | €11,690 | -€26,574 | -69.4% |
| Other amounts receivable | 41 | €60,621 | €86,408 | +€25,786 | +42.5% |
| Cash at bank and in hand | 54/58 | €168,632 | €312,409 | +€143,778 | +85.3% |
| Deferred charges and accrued income | 490/1 | - | €1,218 | +€1,218 | |
| Total equity and liabilities | 10/49 | €328,396 | €517,465 | +€189,069 | +57.6% |
| Equity | 10/15 | €248,391 | €428,917 | +€180,526 | +72.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €221,838 | €402,364 | +€180,526 | +81.4% |
| Distributable reserves | 133 | €221,838 | €402,364 | +€180,526 | +81.4% |
| Profit (loss) carried forward | 14 | €20,353 | €20,353 | = | 0.0% |
| Amounts payable | 17/49 | €80,005 | €88,548 | +€8,543 | +10.7% |
| Amounts payable after more than one year | 17 | €25,301 | €12,878 | -€12,423 | -49.1% |
| Financial debts | 170/4 | €25,301 | €12,878 | -€12,423 | -49.1% |
| Amounts payable within one year | 42/48 | €54,704 | €74,952 | +€20,247 | +37.0% |
| Current portion of amounts payable after more than one year | 42 | €13,493 | €12,423 | -€1,070 | -7.9% |
| Trade debts | 44 | €23,467 | €8,464 | -€15,003 | -63.9% |
| Suppliers | 440/4 | €23,467 | €8,464 | -€15,003 | -63.9% |
| Taxes, remuneration and social security | 45 | €16,904 | €50,447 | +€33,543 | +198.4% |
| Taxes | 450/3 | €9,748 | €42,576 | +€32,829 | +336.8% |
| Remuneration and social security | 454/9 | €7,156 | €7,870 | +€714 | +10.0% |
| Other amounts payable | 47/48 | €840 | €3,618 | +€2,778 | +330.5% |
| Accrued charges and deferred income | 492/3 | - | €719 | +€719 | |
| Remuneration, social security and pensions | 62 | €94,417 | €111,121 | +€16,705 | +17.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,226 | €23,470 | -€1,756 | -7.0% |
| Other operating charges | 640/8 | €682 | €4,127 | +€3,445 | +505.1% |
| Gross operating margin | 9900 | €176,796 | €408,080 | +€231,284 | +130.8% |
| Operating profit (loss) | 9901 | €56,472 | €269,362 | +€212,891 | +377.0% |
| Financial income | 75/76B | €0 | €1,028 | +€1,028 | +233597.7% |
| Recurring financial income | 75 | €0 | €1,028 | +€1,028 | +233597.7% |
| Financial charges | 65/66B | €3,948 | €1,690 | -€2,258 | -57.2% |
| Recurring financial charges | 65 | €3,948 | €1,690 | -€2,258 | -57.2% |
| Profit (loss) for the period before taxes | 9903 | €52,524 | €268,701 | +€216,177 | +411.6% |
| Income taxes | 67/77 | €17,572 | €88,175 | +€70,603 | +401.8% |
| Profit (loss) for the period | 9904 | €34,952 | €180,526 | +€145,574 | +416.5% |
| Profit (loss) for the period to be appropriated | 9905 | €34,952 | €180,526 | +€145,574 | +416.5% |
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 7 October 2026 via checked.be.