JERALEX: 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.
JERALEX
Largest movements
- Tangible fixed assets -€31,651
down €31,651 (-14.9%), from €212,063 to €180,412
of which Furniture and vehicles: -€16,526
- Cash -€8,319
down €8,319 (-19.3%), from €43,136 to €34,817
mainly Debts after one year (-€31,622) and Investment in fixed assets (net) (-€11,722)
- Receivables within one year +€7,844
up €7,844 (+101%), from €7,751 to €15,596
of which Trade receivables: +€7,760
- Stocks and contracts +€5,594
up €5,594 (+32.7%), from €17,124 to €22,719
- Debts after one year -€31,622
down €31,622 (-47.3%), from €66,900 to €35,278
- Other debts +€16,600
up €16,600 (+102%), from €16,219 to €32,819
- Tax, wage and social debts -€6,871
down €6,871 (-12.5%), from €55,121 to €48,251
of which Remuneration and social security: -€6,095
- Profit (loss) carried forward -€5,428
down €5,428 (-23.9%), from -€22,673 to -€28,101
- Trade debts +€5,228
up €5,228 (+5.9%), from €88,148 to €93,376
- Staff costs +€12,907
up €12,907 (+5.2%), from €250,592 to €263,499
- Gross operating margin +€11,742
up €11,742 (+4.0%), from €294,129 to €305,870
- Depreciation +€4,017
up €4,017 (+10.4%), from €38,572 to €42,588
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 | €285,772 | €259,090 | -€26,681 | -9.3% |
| Fixed assets | 21/28 | €212,063 | €181,197 | -€30,866 | -14.6% |
| Tangible fixed assets | 22/27 | €212,063 | €180,412 | -€31,651 | -14.9% |
| Land and buildings | 22 | €128,070 | €122,065 | -€6,005 | -4.7% |
| Plant, machinery and equipment | 23 | €33,911 | €24,790 | -€9,120 | -26.9% |
| Furniture and vehicles | 24 | €50,083 | €33,557 | -€16,526 | -33.0% |
| Financial fixed assets | 28 | - | €785 | +€785 | |
| Current assets | 29/58 | €73,709 | €77,893 | +€4,185 | +5.7% |
| Stocks and contracts in progress | 3 | €17,124 | €22,719 | +€5,594 | +32.7% |
| Stocks | 30/36 | €17,124 | €22,719 | +€5,594 | +32.7% |
| Amounts receivable within one year | 40/41 | €7,751 | €15,596 | +€7,844 | +101% |
| Trade receivables | 40 | €7,751 | €15,511 | +€7,760 | +100% |
| Other amounts receivable | 41 | - | €84 | +€84 | |
| Current investments | 50/53 | €2,271 | €2,982 | +€712 | +31.3% |
| Cash at bank and in hand | 54/58 | €43,136 | €34,817 | -€8,319 | -19.3% |
| Deferred charges and accrued income | 490/1 | €3,426 | €1,779 | -€1,647 | -48.1% |
| Total equity and liabilities | 10/49 | €285,772 | €259,090 | -€26,681 | -9.3% |
| Equity | 10/15 | €24,827 | €19,399 | -€5,428 | -21.9% |
| Contributions | 10/11 | €44,000 | €44,000 | = | 0.0% |
| Reserves | 13 | €3,500 | €3,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,673 | -€28,101 | -€5,428 | -23.9% |
| Amounts payable | 17/49 | €260,945 | €239,692 | -€21,253 | -8.1% |
| Amounts payable after more than one year | 17 | €66,900 | €35,278 | -€31,622 | -47.3% |
| Financial debts | 170/4 | €66,900 | €35,278 | -€31,622 | -47.3% |
| Amounts payable within one year | 42/48 | €194,045 | €204,414 | +€10,369 | +5.3% |
| Current portion of amounts payable after more than one year | 42 | €34,556 | €29,968 | -€4,588 | -13.3% |
| Trade debts | 44 | €88,148 | €93,376 | +€5,228 | +5.9% |
| Suppliers | 440/4 | €88,148 | €93,376 | +€5,228 | +5.9% |
| Taxes, remuneration and social security | 45 | €55,121 | €48,251 | -€6,871 | -12.5% |
| Taxes | 450/3 | €7,753 | €6,978 | -€775 | -10.0% |
| Remuneration and social security | 454/9 | €47,368 | €41,273 | -€6,095 | -12.9% |
| Other amounts payable | 47/48 | €16,219 | €32,819 | +€16,600 | +102% |
| Non-recurring operating income | 76A | €752 | - | -€752 | |
| Remuneration, social security and pensions | 62 | €250,592 | €263,499 | +€12,907 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,572 | €42,588 | +€4,017 | +10.4% |
| Other operating charges | 640/8 | €3,280 | €1,826 | -€1,455 | -44.3% |
| Gross operating margin | 9900 | €294,129 | €305,870 | +€11,742 | +4.0% |
| Operating profit (loss) | 9901 | €1,685 | -€2,042 | -€3,727 | |
| Financial income | 75/76B | €15 | €13 | -€2 | -14.6% |
| Recurring financial income | 75 | €15 | €13 | -€2 | -14.6% |
| Financial charges | 65/66B | €4,547 | €3,229 | -€1,318 | -29.0% |
| Recurring financial charges | 65 | €4,547 | €3,229 | -€1,318 | -29.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,847 | -€5,258 | -€2,411 | -84.7% |
| Income taxes | 67/77 | €185 | €170 | -€15 | -8.2% |
| Profit (loss) for the period | 9904 | -€3,032 | -€5,428 | -€2,396 | -79.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,032 | -€5,428 | -€2,396 | -79.0% |
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 22 October 2026 via checked.be.