JETTY: what changed
Two financial 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.
JETTY
Largest movements
- Cash +€94,001
up €94,001 (+37.9%), from €248,022 to €342,023
mainly Net result for the year (+€178,857) and Trade debts (+€152,792)
- Tangible fixed assets -€92,729
down €92,729 (-5.6%), from €1.7m to €1.6m
of which Land and buildings: -€68,645
- Receivables within one year +€59,192
up €59,192 (+9.5%), from €624,574 to €683,767
of which Trade receivables: +€83,400
- Debts after one year -€214,507
down €214,507 (-20.0%), from €1.1m to €858,975
of which Financial debts: -€114,507
- Reserves +€165,257
up €165,257 (+22.7%), from €727,485 to €892,742
- Trade debts +€152,792
up €152,792 (+30.8%), from €496,535 to €649,327
- Short-term financial debts -€34,780
no longer reported in 2025 (was €34,780)
- Gross operating margin +€61,394
up €61,394 (+10.9%), from €562,694 to €624,089
- Depreciation -€31,192
down €31,192 (-26.5%), from €117,759 to €86,567
- Taxes +€16,276
up €16,276 (+26.4%), from €61,758 to €78,034
- Other operating charges +€11,848
up €11,848 (+42.9%), from €27,648 to €39,496
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.
Derived cash bridge
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 | €2,572,501 | €2,647,338 | +€74,837 | +2.9% |
| Fixed assets | 21/28 | €1,662,074 | €1,569,346 | -€92,729 | -5.6% |
| Tangible fixed assets | 22/27 | €1,650,877 | €1,558,148 | -€92,729 | -5.6% |
| Land and buildings | 22 | €1,608,362 | €1,539,717 | -€68,645 | -4.3% |
| Plant, machinery and equipment | 23 | €1,811 | €1,043 | -€768 | -42.4% |
| Furniture and vehicles | 24 | €40,704 | €17,388 | -€23,316 | -57.3% |
| Financial fixed assets | 28 | €11,198 | €11,198 | = | 0.0% |
| Current assets | 29/58 | €910,427 | €1,077,993 | +€167,566 | +18.4% |
| Amounts receivable within one year | 40/41 | €624,574 | €683,767 | +€59,192 | +9.5% |
| Trade receivables | 40 | €596,390 | €679,790 | +€83,400 | +14.0% |
| Other amounts receivable | 41 | €28,184 | €3,976 | -€24,208 | -85.9% |
| Cash at bank and in hand | 54/58 | €248,022 | €342,023 | +€94,001 | +37.9% |
| Deferred charges and accrued income | 490/1 | €37,831 | €52,203 | +€14,372 | +38.0% |
| Total equity and liabilities | 10/49 | €2,572,501 | €2,647,338 | +€74,837 | +2.9% |
| Equity | 10/15 | €746,035 | €911,292 | +€165,257 | +22.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €727,485 | €892,742 | +€165,257 | +22.7% |
| Distributable reserves | 133 | €727,485 | €892,742 | +€165,257 | +22.7% |
| Amounts payable | 17/49 | €1,826,467 | €1,736,047 | -€90,420 | -5.0% |
| Amounts payable after more than one year | 17 | €1,073,482 | €858,975 | -€214,507 | -20.0% |
| Financial debts | 170/4 | €913,482 | €798,975 | -€114,507 | -12.5% |
| Other amounts payable | 178/9 | €160,000 | €60,000 | -€100,000 | -62.5% |
| Amounts payable within one year | 42/48 | €746,128 | €871,880 | +€125,753 | +16.9% |
| Current portion of amounts payable after more than one year | 42 | €119,245 | €117,478 | -€1,767 | -1.5% |
| Financial debts | 43 | €34,780 | - | -€34,780 | |
| Credit institutions | 430/8 | €34,780 | - | -€34,780 | |
| Trade debts | 44 | €496,535 | €649,327 | +€152,792 | +30.8% |
| Suppliers | 440/4 | €496,535 | €649,327 | +€152,792 | +30.8% |
| Taxes, remuneration and social security | 45 | €95,066 | €104,822 | +€9,756 | +10.3% |
| Taxes | 450/3 | €75,246 | €83,856 | +€8,609 | +11.4% |
| Remuneration and social security | 454/9 | €19,819 | €20,966 | +€1,147 | +5.8% |
| Other amounts payable | 47/48 | €503 | €254 | -€249 | -49.5% |
| Accrued charges and deferred income | 492/3 | €6,857 | €5,191 | -€1,666 | -24.3% |
| Non-recurring operating income | 76A | €7,418 | €2,726 | -€4,692 | -63.3% |
| Remuneration, social security and pensions | 62 | €187,776 | €193,152 | +€5,376 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €117,759 | €86,567 | -€31,192 | -26.5% |
| Other operating charges | 640/8 | €27,648 | €39,496 | +€11,848 | +42.9% |
| Non-recurring operating charges | 66A | €375 | €375 | = | 0.0% |
| Gross operating margin | 9900 | €562,694 | €624,089 | +€61,394 | +10.9% |
| Operating profit (loss) | 9901 | €229,135 | €304,499 | +€75,363 | +32.9% |
| Financial income | 75/76B | €496 | €25 | -€471 | -95.0% |
| Recurring financial income | 75 | €496 | €25 | -€471 | -95.0% |
| Financial charges | 65/66B | €53,634 | €47,632 | -€6,002 | -11.2% |
| Recurring financial charges | 65 | €53,634 | €47,632 | -€6,002 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | €175,997 | €256,891 | +€80,894 | +46.0% |
| Income taxes | 67/77 | €61,758 | €78,034 | +€16,276 | +26.4% |
| Profit (loss) for the period | 9904 | €114,239 | €178,857 | +€64,618 | +56.6% |
| Profit (loss) for the period to be appropriated | 9905 | €114,239 | €178,857 | +€64,618 | +56.6% |
Source: filed annual accounts (NBB), financial 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 October 2026 via checked.be.