Jasenko Ibrahimovic: 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.
Jasenko Ibrahimovic
Largest movements
- Cash -€172,621
down €172,621 (-43.5%), from €397,108 to €224,486
mainly Other debts (-€244,772) and Receivables within one year (-€69,286)
- Receivables within one year +€69,286
up €69,286 (+65.5%), from €105,730 to €175,016
of which Trade receivables: +€69,872
- Tangible fixed assets +€18,537
up €18,537 (+469%), from €3,953 to €22,490
of which Other tangible fixed assets: +€18,777
- Other debts -€244,772
down €244,772 (-99.5%), from €246,039 to €1,268
- Reserves +€133,751
up €133,751 (+77.7%), from €172,205 to €305,956
- Current portion of long-term debt +€42,946
up €42,946 (+223%), from €19,249 to €62,195
- Debts after one year -€20,195
down €20,195 (-34.8%), from €57,952 to €37,757
- Gross operating margin +€151,568
up €151,568 (+553%), from €27,389 to €178,956
- Taxes +€31,902
up €31,902 (+424%), from €7,532 to €39,434
- Financial income -€17,861
down €17,861 (-98.5%), from €18,126 to €265
of which Financial income: -€17,861
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 | €516,101 | €429,449 | -€86,652 | -16.8% |
| Fixed assets | 21/28 | €9,753 | €28,290 | +€18,537 | +190% |
| Tangible fixed assets | 22/27 | €3,953 | €22,490 | +€18,537 | +469% |
| Plant, machinery and equipment | 23 | €388 | €148 | -€240 | -61.9% |
| Other tangible fixed assets | 26 | €3,565 | €22,342 | +€18,777 | +527% |
| Financial fixed assets | 28 | €5,800 | €5,800 | = | 0.0% |
| Current assets | 29/58 | €506,348 | €401,159 | -€105,188 | -20.8% |
| Amounts receivable within one year | 40/41 | €105,730 | €175,016 | +€69,286 | +65.5% |
| Trade receivables | 40 | €5,000 | €74,872 | +€69,872 | +1,397% |
| Other amounts receivable | 41 | €100,730 | €100,144 | -€587 | -0.6% |
| Cash at bank and in hand | 54/58 | €397,108 | €224,486 | -€172,621 | -43.5% |
| Deferred charges and accrued income | 490/1 | €3,510 | €1,657 | -€1,853 | -52.8% |
| Total equity and liabilities | 10/49 | €516,101 | €429,449 | -€86,652 | -16.8% |
| Equity | 10/15 | €190,805 | €324,556 | +€133,751 | +70.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €172,205 | €305,956 | +€133,751 | +77.7% |
| Distributable reserves | 133 | €172,205 | €305,956 | +€133,751 | +77.7% |
| Amounts payable | 17/49 | €325,296 | €104,893 | -€220,403 | -67.8% |
| Amounts payable after more than one year | 17 | €57,952 | €37,757 | -€20,195 | -34.8% |
| Financial debts | 170/4 | €57,952 | €37,757 | -€20,195 | -34.8% |
| Amounts payable within one year | 42/48 | €267,344 | €67,136 | -€200,208 | -74.9% |
| Current portion of amounts payable after more than one year | 42 | €19,249 | €62,195 | +€42,946 | +223% |
| Trade debts | 44 | €2,055 | €1,176 | -€880 | -42.8% |
| Suppliers | 440/4 | €2,055 | €1,176 | -€880 | -42.8% |
| Taxes, remuneration and social security | 45 | - | €2,498 | +€2,498 | |
| Remuneration and social security | 454/9 | - | €2,498 | +€2,498 | |
| Other amounts payable | 47/48 | €246,039 | €1,268 | -€244,772 | -99.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €765 | €936 | +€171 | +22.3% |
| Other operating charges | 640/8 | €1,301 | €1,538 | +€237 | +18.2% |
| Gross operating margin | 9900 | €27,389 | €178,956 | +€151,568 | +553% |
| Operating profit (loss) | 9901 | €25,322 | €176,482 | +€151,160 | +597% |
| Financial income | 75/76B | €18,126 | €265 | -€17,861 | -98.5% |
| Recurring financial income | 75 | €18,126 | €265 | -€17,861 | -98.5% |
| Non-recurring financial income | 76B | - | €265 | +€265 | |
| Financial charges | 65/66B | €4,665 | €3,562 | -€1,103 | -23.6% |
| Recurring financial charges | 65 | €4,665 | €3,562 | -€1,103 | -23.6% |
| Profit (loss) for the period before taxes | 9903 | €38,783 | €173,185 | +€134,402 | +347% |
| Income taxes | 67/77 | €7,532 | €39,434 | +€31,902 | +424% |
| Profit (loss) for the period | 9904 | €31,251 | €133,751 | +€102,500 | +328% |
| Profit (loss) for the period to be appropriated | 9905 | €31,251 | €133,751 | +€102,500 | +328% |
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 16 October 2026 via checked.be.