JERA: 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.
JERA
Largest movements
- Tangible fixed assets -€6,483
down €6,483 (-16.5%), from €39,187 to €32,704
- Receivables within one year -€2,227
down €2,227 (-49.9%), from €4,462 to €2,235
of which Other amounts receivable: -€2,779
- Cash +€1,262
up €1,262 (+20.4%), from €6,184 to €7,447
mainly Depreciation (+€6,483) and Advances received (+€3,208)
- Profit (loss) carried forward -€8,042
down €8,042 (-36.0%), from -€22,352 to -€30,394
- Short-term financial debts -€4,127
down €4,127 (-5.2%), from €79,671 to €75,544
- Advances received +€3,208
new in 2025: €3,208
- Tax, wage and social debts +€1,921
up €1,921 (+1533.4%), from €125 to €2,046
- Gross operating margin +€7,884
up €7,884, from -€3,341 to €4,543
- Depreciation +€567
up €567 (+9.6%), from €5,916 to €6,483
- Financial charges -€493
down €493 (-10.0%), from €4,923 to €4,431
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 | €83,391 | €76,078 | -€7,313 | -8.8% |
| Fixed assets | 21/28 | €39,187 | €32,704 | -€6,483 | -16.5% |
| Tangible fixed assets | 22/27 | €39,187 | €32,704 | -€6,483 | -16.5% |
| Land and buildings | 22 | €31,826 | €29,000 | -€2,826 | -8.9% |
| Plant, machinery and equipment | 23 | €1,069 | €353 | -€716 | -67.0% |
| Furniture and vehicles | 24 | €6,292 | €3,351 | -€2,941 | -46.7% |
| Current assets | 29/58 | €44,205 | €43,374 | -€830 | -1.9% |
| Amounts receivable after more than one year | 29 | €25,000 | €25,000 | = | 0.0% |
| Other amounts receivable | 291 | €25,000 | €25,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €5,702 | €5,702 | = | 0.0% |
| Stocks | 30/36 | €5,702 | €5,702 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €4,462 | €2,235 | -€2,227 | -49.9% |
| Trade receivables | 40 | €1,683 | €2,235 | +€553 | +32.8% |
| Other amounts receivable | 41 | €2,779 | €0 | -€2,779 | -100.0% |
| Cash at bank and in hand | 54/58 | €6,184 | €7,447 | +€1,262 | +20.4% |
| Deferred charges and accrued income | 490/1 | €2,857 | €2,991 | +€134 | +4.7% |
| Total equity and liabilities | 10/49 | €83,391 | €76,078 | -€7,313 | -8.8% |
| Equity | 10/15 | -€1,901 | -€9,943 | -€8,042 | -423.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,352 | -€30,394 | -€8,042 | -36.0% |
| Amounts payable | 17/49 | €85,292 | €86,021 | +€728 | +0.9% |
| Amounts payable within one year | 42/48 | €83,792 | €84,521 | +€728 | +0.9% |
| Financial debts | 43 | €79,671 | €75,544 | -€4,127 | -5.2% |
| Credit institutions | 430/8 | €79,671 | €75,544 | -€4,127 | -5.2% |
| Trade debts | 44 | €2,053 | €1,953 | -€100 | -4.9% |
| Suppliers | 440/4 | €2,053 | €1,953 | -€100 | -4.9% |
| Advances received on contracts in progress | 46 | - | €3,208 | +€3,208 | |
| Taxes, remuneration and social security | 45 | €125 | €2,046 | +€1,921 | +1533.4% |
| Taxes | 450/3 | €125 | €2,046 | +€1,921 | +1533.4% |
| Other amounts payable | 47/48 | €1,943 | €1,770 | -€173 | -8.9% |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,916 | €6,483 | +€567 | +9.6% |
| Other operating charges | 640/8 | €2,356 | €2,342 | -€13 | -0.6% |
| Gross operating margin | 9900 | -€3,341 | €4,543 | +€7,884 | |
| Operating profit (loss) | 9901 | -€11,613 | -€4,282 | +€7,330 | +63.1% |
| Financial income | 75/76B | €706 | €671 | -€34 | -4.9% |
| Recurring financial income | 75 | €706 | €671 | -€34 | -4.9% |
| Financial charges | 65/66B | €4,923 | €4,431 | -€493 | -10.0% |
| Recurring financial charges | 65 | €4,923 | €4,431 | -€493 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | -€15,830 | -€8,042 | +€7,788 | +49.2% |
| Profit (loss) for the period | 9904 | -€15,830 | -€8,042 | +€7,788 | +49.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,830 | -€8,042 | +€7,788 | +49.2% |
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 3 October 2026 via checked.be.