Jeranco: 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.
Jeranco
Largest movements
- Receivables within one year -€89,042
down €89,042 (-18.5%), from €481,860 to €392,818
of which Trade receivables: -€99,406
- Cash -€28,081
down €28,081 (-36.1%), from €77,888 to €49,807
mainly Investment in fixed assets (net) (-€151,132) and Provisions (-€108,333)
- Tangible fixed assets -€24,236
down €24,236 (-1.7%), from €1.4m to €1.4m
- Provisions -€108,333
no longer reported in 2025 (was €108,333)
- Debts after one year -€61,904
down €61,904 (-4.8%), from €1.3m to €1.2m
of which Financial debts: -€63,324
- Reserves +€43,033
up €43,033 (+9.3%), from €461,400 to €504,433
- Current portion of long-term debt -€39,060
down €39,060 (-16.4%), from €237,671 to €198,611
- Trade debts +€25,588
up €25,588 (+90.2%), from €28,361 to €53,949
- Provisions -€108,333
new in 2025: -€108,333
- Write-downs +€30,000
up €30,000 (+27.3%), from €110,000 to €140,000
- Financial charges -€14,687
down €14,687 (-18.9%), from €77,908 to €63,221
- Gross operating margin +€12,681
up €12,681 (+3.2%), from €392,258 to €404,939
- Depreciation -€5,660
down €5,660 (-3.1%), from €181,028 to €175,368
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 | €2,236,019 | €2,095,370 | -€140,649 | -6.3% |
| Fixed assets | 21/28 | €1,439,413 | €1,415,177 | -€24,236 | -1.7% |
| Tangible fixed assets | 22/27 | €1,439,413 | €1,415,177 | -€24,236 | -1.7% |
| Land and buildings | 22 | €1,439,413 | €1,415,177 | -€24,236 | -1.7% |
| Current assets | 29/58 | €796,606 | €680,193 | -€116,413 | -14.6% |
| Amounts receivable after more than one year | 29 | €26,600 | €26,600 | = | 0.0% |
| Other amounts receivable | 291 | €26,600 | €26,600 | = | 0.0% |
| Stocks and contracts in progress | 3 | €210,257 | €210,257 | = | 0.0% |
| Stocks | 30/36 | €210,257 | €210,257 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €481,860 | €392,818 | -€89,042 | -18.5% |
| Trade receivables | 40 | €425,296 | €325,890 | -€99,406 | -23.4% |
| Other amounts receivable | 41 | €56,564 | €66,928 | +€10,364 | +18.3% |
| Cash at bank and in hand | 54/58 | €77,888 | €49,807 | -€28,081 | -36.1% |
| Deferred charges and accrued income | 490/1 | - | €710 | +€710 | |
| Total equity and liabilities | 10/49 | €2,236,019 | €2,095,370 | -€140,649 | -6.3% |
| Equity | 10/15 | €565,174 | €608,235 | +€43,060 | +7.6% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €461,400 | €504,433 | +€43,033 | +9.3% |
| Distributable reserves | 133 | €461,400 | €504,433 | +€43,033 | +9.3% |
| Profit (loss) carried forward | 14 | €3,774 | €3,801 | +€27 | +0.7% |
| Provisions and deferred taxes | 16 | €108,333 | - | -€108,333 | |
| Provisions for liabilities and charges | 160/5 | €108,333 | - | -€108,333 | |
| Major repairs and maintenance | 162 | €108,333 | - | -€108,333 | |
| Amounts payable | 17/49 | €1,562,511 | €1,487,136 | -€75,376 | -4.8% |
| Amounts payable after more than one year | 17 | €1,278,242 | €1,216,338 | -€61,904 | -4.8% |
| Financial debts | 170/4 | €1,252,996 | €1,189,672 | -€63,324 | -5.1% |
| Other amounts payable | 178/9 | €25,245 | €26,665 | +€1,420 | +5.6% |
| Amounts payable within one year | 42/48 | €284,270 | €270,798 | -€13,472 | -4.7% |
| Current portion of amounts payable after more than one year | 42 | €237,671 | €198,611 | -€39,060 | -16.4% |
| Trade debts | 44 | €28,361 | €53,949 | +€25,588 | +90.2% |
| Suppliers | 440/4 | €28,361 | €53,949 | +€25,588 | +90.2% |
| Advances received on contracts in progress | 46 | €18,238 | €18,238 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €181,028 | €175,368 | -€5,660 | -3.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €110,000 | €140,000 | +€30,000 | +27.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€108,333 | -€108,333 | |
| Other operating charges | 640/8 | €21,517 | €23,081 | +€1,564 | +7.3% |
| Gross operating margin | 9900 | €392,258 | €404,939 | +€12,681 | +3.2% |
| Operating profit (loss) | 9901 | €79,712 | €174,823 | +€95,111 | +119.3% |
| Financial income | 75/76B | €4,096 | €6,827 | +€2,731 | +66.7% |
| Recurring financial income | 75 | €4,096 | €3,855 | -€241 | -5.9% |
| Non-recurring financial income | 76B | - | €2,972 | +€2,972 | |
| Financial charges | 65/66B | €77,908 | €63,221 | -€14,687 | -18.9% |
| Recurring financial charges | 65 | €77,908 | €63,221 | -€14,687 | -18.9% |
| Profit (loss) for the period before taxes | 9903 | €5,900 | €118,428 | +€112,528 | +1907.3% |
| Income taxes | 67/77 | €2,230 | €3,368 | +€1,138 | +51.0% |
| Profit (loss) for the period | 9904 | €3,670 | €115,060 | +€111,390 | +3035.1% |
| Profit (loss) for the period to be appropriated | 9905 | €3,670 | €115,060 | +€111,390 | +3035.1% |
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 28 September 2026 via checked.be.