JER FM: 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.
JER FM
Largest movements
- Receivables within one year -€110,265
down €110,265 (-89.9%), from €122,646 to €12,381
of which Trade receivables: -€107,051
- Tangible fixed assets -€55,707
down €55,707 (-2.8%), from €2.0m to €2.0m
of which Land and buildings: -€53,507
- Cash +€39,401
up €39,401 (+332%), from €11,870 to €51,271
mainly Debts after one year (+€149,333) and Receivables within one year (+€110,265)
- Other debts -€279,205
down €279,205 (-60.3%), from €462,729 to €183,525
- Debts after one year +€149,333
up €149,333 (+11.1%), from €1.3m to €1.5m
- Gross operating margin -€64,238
down €64,238 (-51.7%), from €124,135 to €59,897
- Other operating charges -€29,376
down €29,376 (-83.1%), from €35,365 to €5,989
- Taxes -€6,530
down €6,530, from €4,538 to -€1,992
- Depreciation +€3,876
up €3,876 (+7.5%), from €51,831 to €55,707
- Financial charges -€2,234
down €2,234 (-12.2%), from €18,269 to €16,035
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 | €2,167,240 | €2,033,378 | -€133,862 | -6.2% |
| Fixed assets | 21/28 | €2,019,030 | €1,963,323 | -€55,707 | -2.8% |
| Tangible fixed assets | 22/27 | €2,019,030 | €1,963,323 | -€55,707 | -2.8% |
| Land and buildings | 22 | €2,009,833 | €1,956,326 | -€53,507 | -2.7% |
| Plant, machinery and equipment | 23 | €9,198 | €6,997 | -€2,201 | -23.9% |
| Current assets | 29/58 | €148,210 | €70,055 | -€78,155 | -52.7% |
| Amounts receivable within one year | 40/41 | €122,646 | €12,381 | -€110,265 | -89.9% |
| Trade receivables | 40 | €119,428 | €12,377 | -€107,051 | -89.6% |
| Other amounts receivable | 41 | €3,218 | €4 | -€3,214 | -99.9% |
| Cash at bank and in hand | 54/58 | €11,870 | €51,271 | +€39,401 | +332% |
| Deferred charges and accrued income | 490/1 | €13,694 | €6,403 | -€7,291 | -53.2% |
| Total equity and liabilities | 10/49 | €2,167,240 | €2,033,378 | -€133,862 | -6.2% |
| Equity | 10/15 | €214,232 | €198,413 | -€15,820 | -7.4% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €193,772 | €175,212 | -€18,560 | -9.6% |
| Distributable reserves | 133 | €193,772 | €175,212 | -€18,560 | -9.6% |
| Profit (loss) carried forward | 14 | - | €2,741 | +€2,741 | |
| Amounts payable | 17/49 | €1,953,008 | €1,834,966 | -€118,042 | -6.0% |
| Amounts payable after more than one year | 17 | €1,345,227 | €1,494,560 | +€149,333 | +11.1% |
| Financial debts | 170/4 | €1,345,227 | €1,494,560 | +€149,333 | +11.1% |
| Amounts payable within one year | 42/48 | €607,781 | €340,406 | -€267,375 | -44.0% |
| Current portion of amounts payable after more than one year | 42 | €130,667 | €130,667 | = | 0.0% |
| Trade debts | 44 | €8,236 | €5,188 | -€3,048 | -37.0% |
| Suppliers | 440/4 | €8,236 | €5,188 | -€3,048 | -37.0% |
| Taxes, remuneration and social security | 45 | €6,149 | €21,026 | +€14,877 | +242% |
| Taxes | 450/3 | €6,149 | €21,026 | +€14,877 | +242% |
| Other amounts payable | 47/48 | €462,729 | €183,525 | -€279,205 | -60.3% |
| Non-recurring operating income | 76A | €51,426 | - | -€51,426 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,831 | €55,707 | +€3,876 | +7.5% |
| Other operating charges | 640/8 | €35,365 | €5,989 | -€29,376 | -83.1% |
| Non-recurring operating charges | 66A | €7,023 | - | -€7,023 | |
| Gross operating margin | 9900 | €124,135 | €59,897 | -€64,238 | -51.7% |
| Operating profit (loss) | 9901 | €29,915 | -€1,800 | -€31,715 | |
| Financial income | 75/76B | - | €23 | +€23 | |
| Recurring financial income | 75 | - | €23 | +€23 | |
| Financial charges | 65/66B | €18,269 | €16,035 | -€2,234 | -12.2% |
| Recurring financial charges | 65 | €18,269 | €16,035 | -€2,234 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €11,646 | -€17,812 | -€29,458 | |
| Income taxes | 67/77 | €4,538 | -€1,992 | -€6,530 | |
| Profit (loss) for the period | 9904 | €7,109 | -€15,820 | -€22,928 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,109 | -€15,820 | -€22,928 |
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 25 October 2026 via checked.be.