JERASMO: 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.
JERASMO
Largest movements
- Tangible fixed assets -€13,892
down €13,892 (-4.6%), from €304,336 to €290,444
of which Furniture and vehicles: -€7,337
- Debts after one year -€31,886
down €31,886 (-10.5%), from €302,439 to €270,553
- Reserves +€9,630
up €9,630 (+31.7%), from €30,386 to €40,016
of which Distributable reserves: +€9,630
- Tax, wage and social debts -€6,209
down €6,209 (-53.3%), from €11,653 to €5,444
of which Taxes: -€6,209
- Gross operating margin +€30,841
up €30,841 (+185.1%), from €16,658 to €47,499
- Financial charges +€7,608
up €7,608 (+149.3%), from €5,096 to €12,705
- Taxes +€7,271
up €7,271 (+775.8%), from €937 to €8,208
- Depreciation -€5,317
down €5,317 (-27.7%), from €19,209 to €13,892
- Financial income -€659
down €659 (-66.8%), from €986 to €327
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 | €516,729 | €494,035 | -€22,694 | -4.4% |
| Fixed assets | 21/28 | €488,603 | €474,711 | -€13,892 | -2.8% |
| Tangible fixed assets | 22/27 | €304,336 | €290,444 | -€13,892 | -4.6% |
| Land and buildings | 22 | €278,829 | €272,274 | -€6,555 | -2.4% |
| Furniture and vehicles | 24 | €25,507 | €18,170 | -€7,337 | -28.8% |
| Financial fixed assets | 28 | €184,267 | €184,267 | = | 0.0% |
| Current assets | 29/58 | €28,125 | €19,324 | -€8,802 | -31.3% |
| Amounts receivable within one year | 40/41 | €20,498 | €16,194 | -€4,304 | -21.0% |
| Other amounts receivable | 41 | €20,498 | €16,194 | -€4,304 | -21.0% |
| Cash at bank and in hand | 54/58 | €1,101 | €100 | -€1,001 | -90.9% |
| Deferred charges and accrued income | 490/1 | €6,527 | €3,030 | -€3,497 | -53.6% |
| Total equity and liabilities | 10/49 | €516,729 | €494,035 | -€22,694 | -4.4% |
| Equity | 10/15 | €48,986 | €58,616 | +€9,630 | +19.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €30,386 | €40,016 | +€9,630 | +31.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €30,386 | €40,016 | +€9,630 | +31.7% |
| Amounts payable | 17/49 | €467,743 | €435,419 | -€32,324 | -6.9% |
| Amounts payable after more than one year | 17 | €302,439 | €270,553 | -€31,886 | -10.5% |
| Financial debts | 170/4 | €302,439 | €270,553 | -€31,886 | -10.5% |
| Amounts payable within one year | 42/48 | €163,867 | €163,429 | -€439 | -0.3% |
| Current portion of amounts payable after more than one year | 42 | €30,691 | €33,580 | +€2,889 | +9.4% |
| Financial debts | 43 | - | €2,737 | +€2,737 | |
| Credit institutions | 430/8 | - | €2,737 | +€2,737 | |
| Trade debts | 44 | €2,295 | €2,810 | +€515 | +22.4% |
| Suppliers | 440/4 | €2,295 | €2,810 | +€515 | +22.4% |
| Taxes, remuneration and social security | 45 | €11,653 | €5,444 | -€6,209 | -53.3% |
| Taxes | 450/3 | €11,653 | €5,444 | -€6,209 | -53.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €119,228 | €118,857 | -€371 | -0.3% |
| Accrued charges and deferred income | 492/3 | €1,437 | €1,437 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,209 | €13,892 | -€5,317 | -27.7% |
| Other operating charges | 640/8 | €3,407 | €3,390 | -€17 | -0.5% |
| Gross operating margin | 9900 | €16,658 | €47,499 | +€30,841 | +185.1% |
| Operating profit (loss) | 9901 | -€5,958 | €30,216 | +€36,174 | |
| Financial income | 75/76B | €986 | €327 | -€659 | -66.8% |
| Recurring financial income | 75 | €986 | €327 | -€659 | -66.8% |
| Financial charges | 65/66B | €5,096 | €12,705 | +€7,608 | +149.3% |
| Recurring financial charges | 65 | €5,096 | €12,705 | +€7,608 | +149.3% |
| Profit (loss) for the period before taxes | 9903 | -€10,068 | €17,839 | +€27,907 | |
| Income taxes | 67/77 | €937 | €8,208 | +€7,271 | +775.8% |
| Profit (loss) for the period | 9904 | -€11,006 | €9,630 | +€20,636 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,006 | €9,630 | +€20,636 |
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 10 October 2026 via checked.be.