BUREAU JERGEAY: 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.
BUREAU JERGEAY
Largest movements
- Intangible fixed assets +€244,825
up €244,825 (+3,066%), from €7,986 to €252,811
- Tangible fixed assets -€15,654
down €15,654 (-2.7%), from €584,634 to €568,981
of which Land and buildings: -€15,962
- Cash +€8,547
up €8,547 (+212%), from €4,026 to €12,573
mainly Debts after one year (+€217,503) and Depreciation (+€45,799)
- Debts after one year +€217,503
up €217,503 (+61.2%), from €355,283 to €572,786
of which Financial debts: +€219,903
- Profit (loss) carried forward +€13,323
up €13,323 (+19.3%), from -€69,022 to -€55,699
- Trade debts +€12,886
up €12,886 (+303%), from €4,254 to €17,140
- Current portion of long-term debt -€11,665
down €11,665 (-50.5%), from €23,102 to €11,437
- Gross operating margin +€58,988
up €58,988 (+55.2%), from €106,805 to €165,793
- Staff costs +€24,861
up €24,861 (+49.7%), from €50,017 to €74,878
- Depreciation +€15,199
up €15,199 (+49.7%), from €30,599 to €45,799
- Financial charges +€6,029
up €6,029 (+64.5%), from €9,346 to €15,375
- Taxes +€2,396
up €2,396 (+35.8%), from €6,691 to €9,087
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 | €602,646 | €834,365 | +€231,719 | +38.5% |
| Fixed assets | 21/28 | €592,620 | €821,792 | +€229,172 | +38.7% |
| Intangible fixed assets | 21 | €7,986 | €252,811 | +€244,825 | +3,066% |
| Tangible fixed assets | 22/27 | €584,634 | €568,981 | -€15,654 | -2.7% |
| Land and buildings | 22 | €570,763 | €554,801 | -€15,962 | -2.8% |
| Plant, machinery and equipment | 23 | €5,744 | €9,707 | +€3,963 | +69.0% |
| Furniture and vehicles | 24 | €8,127 | €4,472 | -€3,655 | -45.0% |
| Current assets | 29/58 | €10,026 | €12,573 | +€2,547 | +25.4% |
| Amounts receivable within one year | 40/41 | €6,000 | - | -€6,000 | |
| Trade receivables | 40 | €6,000 | - | -€6,000 | |
| Cash at bank and in hand | 54/58 | €4,026 | €12,573 | +€8,547 | +212% |
| Total equity and liabilities | 10/49 | €602,646 | €834,365 | +€231,719 | +38.5% |
| Equity | 10/15 | €118,920 | €131,344 | +€12,424 | +10.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €169,350 | €168,451 | -€899 | -0.5% |
| Non-distributable reserves | 130/1 | €67,533 | €67,533 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €20,997 | €21,652 | +€655 | +3.1% |
| Own shares acquired | 1312 | €32,400 | €32,400 | = | 0.0% |
| Financial assistance | 1313 | €11,621 | €11,621 | = | 0.0% |
| Other | 1319 | €655 | - | -€655 | |
| Tax-exempt reserves | 132 | €67,627 | €66,728 | -€899 | -1.3% |
| Distributable reserves | 133 | €34,191 | €34,191 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€69,022 | -€55,699 | +€13,323 | +19.3% |
| Provisions and deferred taxes | 16 | €72,744 | €72,445 | -€300 | -0.4% |
| Provisions for liabilities and charges | 160/5 | €63,635 | €63,635 | = | 0.0% |
| Pensions and similar obligations | 160 | €63,635 | €63,635 | = | 0.0% |
| Deferred taxes | 168 | €9,109 | €8,809 | -€300 | -3.3% |
| Amounts payable | 17/49 | €410,982 | €630,576 | +€219,595 | +53.4% |
| Amounts payable after more than one year | 17 | €355,283 | €572,786 | +€217,503 | +61.2% |
| Financial debts | 170/4 | €352,883 | €572,786 | +€219,903 | +62.3% |
| Other amounts payable | 178/9 | €2,400 | - | -€2,400 | |
| Amounts payable within one year | 42/48 | €55,698 | €57,790 | +€2,092 | +3.8% |
| Current portion of amounts payable after more than one year | 42 | €23,102 | €11,437 | -€11,665 | -50.5% |
| Financial debts | 43 | €7,200 | - | -€7,200 | |
| Other loans | 439 | €7,200 | - | -€7,200 | |
| Trade debts | 44 | €4,254 | €17,140 | +€12,886 | +303% |
| Suppliers | 440/4 | €4,254 | €17,140 | +€12,886 | +303% |
| Taxes, remuneration and social security | 45 | €18,391 | €18,173 | -€218 | -1.2% |
| Taxes | 450/3 | €13,230 | €17,825 | +€4,595 | +34.7% |
| Remuneration and social security | 454/9 | €5,161 | €348 | -€4,813 | -93.3% |
| Other amounts payable | 47/48 | €2,751 | €11,040 | +€8,289 | +301% |
| Remuneration, social security and pensions | 62 | €50,017 | €74,878 | +€24,861 | +49.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,599 | €45,799 | +€15,199 | +49.7% |
| Other operating charges | 640/8 | €6,179 | €6,534 | +€356 | +5.8% |
| Non-recurring operating charges | 66A | - | €2,000 | +€2,000 | |
| Gross operating margin | 9900 | €106,805 | €165,793 | +€58,988 | +55.2% |
| Operating profit (loss) | 9901 | €20,010 | €36,582 | +€16,572 | +82.8% |
| Financial income | 75/76B | €6 | €5 | -€2 | -25.8% |
| Recurring financial income | 75 | €6 | €5 | -€2 | -25.8% |
| Financial charges | 65/66B | €9,346 | €15,375 | +€6,029 | +64.5% |
| Recurring financial charges | 65 | €9,346 | €15,375 | +€6,029 | +64.5% |
| Profit (loss) for the period before taxes | 9903 | €10,670 | €21,212 | +€10,542 | +98.8% |
| Transfer from deferred taxes | 780 | €300 | €300 | = | 0.0% |
| Income taxes | 67/77 | €6,691 | €9,087 | +€2,396 | +35.8% |
| Profit (loss) for the period | 9904 | €4,278 | €12,424 | +€8,146 | +190% |
| Transfer from tax-exempt reserves | 789 | €899 | €899 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,177 | €13,323 | +€8,146 | +157% |
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 19 October 2026 via checked.be.