JERAN: 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.
JERAN
Largest movements
- Tangible fixed assets +€139,932
up €139,932 (+211%), from €66,357 to €206,290
of which Land and buildings: +€123,941
- Stocks and contracts -€8,561
down €8,561 (-100%), from €8,561 to €0
- Receivables within one year -€6,433
down €6,433 (-35.4%), from €18,150 to €11,717
- Cash -€4,633
down €4,633 (-16.0%), from €28,931 to €24,298
mainly Investment in fixed assets (net) (-€181,154) and Net result for the year (-€22,444)
- Total equity and liabilities +€121,097
up €121,097 (+99.3%), from €121,999 to €243,096
of which Debts: +€143,541
- Gross operating margin -€49,962
down €49,962 (-54.7%), from €91,396 to €41,434
- Depreciation +€23,270
up €23,270 (+130%), from €17,951 to €41,221
- Other operating charges +€21,901
up €21,901 (+5,654%), from €387 to €22,288
- Taxes -€19,691
down €19,691 (-98.7%), from €19,959 to €268
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 | €121,999 | €243,096 | +€121,097 | +99.3% |
| Fixed assets | 21/28 | €66,357 | €206,290 | +€139,932 | +211% |
| Tangible fixed assets | 22/27 | €66,357 | €206,290 | +€139,932 | +211% |
| Land and buildings | 22 | - | €123,941 | +€123,941 | |
| Plant, machinery and equipment | 23 | - | €2,893 | +€2,893 | |
| Furniture and vehicles | 24 | €66,357 | €79,456 | +€13,099 | +19.7% |
| Current assets | 29/58 | €55,642 | €36,806 | -€18,836 | -33.9% |
| Stocks and contracts in progress | 3 | €8,561 | €0 | -€8,561 | -100% |
| Stocks | 30/36 | €8,561 | €0 | -€8,561 | -100% |
| Amounts receivable within one year | 40/41 | €18,150 | €11,717 | -€6,433 | -35.4% |
| Trade receivables | 40 | €18,150 | €11,717 | -€6,433 | -35.4% |
| Cash at bank and in hand | 54/58 | €28,931 | €24,298 | -€4,633 | -16.0% |
| Deferred charges and accrued income | 490/1 | - | €792 | +€792 | |
| Total equity and liabilities | 10/49 | €121,999 | €243,096 | +€121,097 | +99.3% |
| Equity | 10/15 | €58,456 | €30,707 | -€27,750 | -47.5% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €53,051 | €53,051 | = | 0.0% |
| Distributable reserves | 133 | €53,051 | €53,051 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,356 | -€22,444 | -€80,801 | |
| Amounts payable | 17/49 | €68,848 | €212,389 | +€143,541 | +208% |
| Amounts payable within one year | 42/48 | €68,848 | €209,213 | +€140,365 | +204% |
| Trade debts | 44 | €54,388 | €609 | -€53,778 | -98.9% |
| Suppliers | 440/4 | €54,388 | €609 | -€53,778 | -98.9% |
| Taxes, remuneration and social security | 45 | €14,460 | €17,390 | +€2,930 | +20.3% |
| Taxes | 450/3 | €14,460 | €16,263 | +€1,802 | +12.5% |
| Remuneration and social security | 454/9 | - | €1,128 | +€1,128 | |
| Other amounts payable | 47/48 | - | €191,214 | +€191,214 | |
| Accrued charges and deferred income | 492/3 | - | €3,176 | +€3,176 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,951 | €41,221 | +€23,270 | +130% |
| Other operating charges | 640/8 | €387 | €22,288 | +€21,901 | +5,654% |
| Gross operating margin | 9900 | €91,396 | €41,434 | -€49,962 | -54.7% |
| Operating profit (loss) | 9901 | €73,057 | -€22,076 | -€95,133 | |
| Financial income | 75/76B | - | €15 | +€15 | |
| Recurring financial income | 75 | - | €15 | +€15 | |
| Financial charges | 65/66B | €47 | €115 | +€68 | +143% |
| Recurring financial charges | 65 | €47 | €115 | +€68 | +143% |
| Profit (loss) for the period before taxes | 9903 | €73,010 | -€22,176 | -€95,186 | |
| Income taxes | 67/77 | €19,959 | €268 | -€19,691 | -98.7% |
| Profit (loss) for the period | 9904 | €58,356 | -€22,444 | -€80,801 | |
| Profit (loss) for the period to be appropriated | 9905 | €58,356 | -€22,444 | -€80,801 |
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 13 October 2026 via checked.be.