JETT: 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.
JETT
Largest movements
- Tangible fixed assets +€301,530
up €301,530 (+143.4%), from €210,224 to €511,754
of which Land and buildings: +€457,118
- Cash -€18,810
down €18,810 (-15.3%), from €122,806 to €103,997
mainly Investment in fixed assets (net) (-€375,747) and Trade debts (-€14,529)
- Receivables within one year -€18,480
down €18,480 (-34.5%), from €53,530 to €35,050
of which Trade receivables: -€16,205
- Debts after one year +€251,042
up €251,042 (+167.7%), from €149,733 to €400,775
- Current portion of long-term debt +€15,758
up €15,758 (+67.8%), from €23,244 to €39,002
- Trade debts -€14,529
down €14,529 (-27.3%), from €53,134 to €38,606
- Tax, wage and social debts +€12,106
up €12,106 (+34.7%), from €34,934 to €47,040
of which Taxes: +€16,775
- Reserves -€10,970
down €10,970 (-17.8%), from €61,668 to €50,698
- Gross operating margin +€71,089
up €71,089 (+34.6%), from €205,408 to €276,496
- Depreciation +€25,893
up €25,893 (+53.6%), from €48,325 to €74,217
- Staff costs -€16,901
down €16,901 (-8.5%), from €198,002 to €181,101
- Other operating charges +€10,583
up €10,583 (+207.7%), from €5,095 to €15,678
- Financial charges +€8,791
up €8,791 (+121.2%), from €7,255 to €16,046
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 | €443,891 | €704,213 | +€260,322 | +58.6% |
| Fixed assets | 21/28 | €215,924 | €517,454 | +€301,530 | +139.6% |
| Tangible fixed assets | 22/27 | €210,224 | €511,754 | +€301,530 | +143.4% |
| Land and buildings | 22 | - | €457,118 | +€457,118 | |
| Plant, machinery and equipment | 23 | €87,621 | €54,635 | -€32,986 | -37.6% |
| Furniture and vehicles | 24 | €1,061 | €0 | -€1,061 | -100.0% |
| Other tangible fixed assets | 26 | €121,542 | €0 | -€121,542 | -100.0% |
| Financial fixed assets | 28 | €5,700 | €5,700 | = | 0.0% |
| Current assets | 29/58 | €227,967 | €186,759 | -€41,207 | -18.1% |
| Stocks and contracts in progress | 3 | €49,361 | €43,666 | -€5,696 | -11.5% |
| Stocks | 30/36 | €49,361 | €43,666 | -€5,696 | -11.5% |
| Amounts receivable within one year | 40/41 | €53,530 | €35,050 | -€18,480 | -34.5% |
| Trade receivables | 40 | €34,553 | €18,348 | -€16,205 | -46.9% |
| Other amounts receivable | 41 | €18,977 | €16,702 | -€2,275 | -12.0% |
| Cash at bank and in hand | 54/58 | €122,806 | €103,997 | -€18,810 | -15.3% |
| Deferred charges and accrued income | 490/1 | €2,269 | €4,047 | +€1,778 | +78.4% |
| Total equity and liabilities | 10/49 | €443,891 | €704,213 | +€260,322 | +58.6% |
| Equity | 10/15 | €80,268 | €69,298 | -€10,970 | -13.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €61,668 | €50,698 | -€10,970 | -17.8% |
| Distributable reserves | 133 | €61,668 | €50,698 | -€10,970 | -17.8% |
| Amounts payable | 17/49 | €363,623 | €634,915 | +€271,292 | +74.6% |
| Amounts payable after more than one year | 17 | €149,733 | €400,775 | +€251,042 | +167.7% |
| Financial debts | 170/4 | €149,733 | €400,775 | +€251,042 | +167.7% |
| Amounts payable within one year | 42/48 | €213,890 | €233,937 | +€20,048 | +9.4% |
| Current portion of amounts payable after more than one year | 42 | €23,244 | €39,002 | +€15,758 | +67.8% |
| Trade debts | 44 | €53,134 | €38,606 | -€14,529 | -27.3% |
| Suppliers | 440/4 | €53,134 | €38,606 | -€14,529 | -27.3% |
| Advances received on contracts in progress | 46 | €4,355 | €2,014 | -€2,341 | -53.8% |
| Taxes, remuneration and social security | 45 | €34,934 | €47,040 | +€12,106 | +34.7% |
| Taxes | 450/3 | €9,390 | €26,165 | +€16,775 | +178.7% |
| Remuneration and social security | 454/9 | €25,544 | €20,875 | -€4,669 | -18.3% |
| Other amounts payable | 47/48 | €98,223 | €107,275 | +€9,053 | +9.2% |
| Accrued charges and deferred income | 492/3 | €0 | €203 | +€203 | |
| Non-recurring operating income | 76A | €413 | €0 | -€413 | -100.0% |
| Remuneration, social security and pensions | 62 | €198,002 | €181,101 | -€16,901 | -8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,325 | €74,217 | +€25,893 | +53.6% |
| Other operating charges | 640/8 | €5,095 | €15,678 | +€10,583 | +207.7% |
| Gross operating margin | 9900 | €205,408 | €276,496 | +€71,089 | +34.6% |
| Operating profit (loss) | 9901 | -€46,014 | €5,500 | +€51,514 | |
| Financial income | 75/76B | €789 | €0 | -€789 | -100.0% |
| Recurring financial income | 75 | €789 | €0 | -€789 | -100.0% |
| Financial charges | 65/66B | €7,255 | €16,046 | +€8,791 | +121.2% |
| Recurring financial charges | 65 | €7,255 | €16,046 | +€8,791 | +121.2% |
| Profit (loss) for the period before taxes | 9903 | -€52,480 | -€10,546 | +€41,934 | +79.9% |
| Income taxes | 67/77 | €464 | €424 | -€40 | -8.7% |
| Profit (loss) for the period | 9904 | -€52,944 | -€10,970 | +€41,975 | +79.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€52,944 | -€10,970 | +€41,975 | +79.3% |
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.