JERBOA: 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.
JERBOA
Largest movements
- Receivables within one year +€14,315
up €14,315 (+469.8%), from €3,047 to €17,362
of which Other amounts receivable: +€7,978
- Cash -€12,060
down €12,060 (-74.7%), from €16,154 to €4,094
mainly Investment in fixed assets (net) (-€17,563) and Receivables within one year (-€14,315)
- Deferred charges and accrued income +€2,488
up €2,488 (+497.7%), from €500 to €2,988
- Tangible fixed assets +€1,550
up €1,550 (+2.7%), from €57,593 to €59,143
of which Plant, machinery and equipment: +€8,306
- Profit (loss) carried forward +€8,084
up €8,084 (+22.0%), from €36,768 to €44,852
- Current portion of long-term debt +€3,429
up €3,429 (+129.0%), from €2,657 to €6,086
- Tax, wage and social debts -€3,141
down €3,141 (-21.5%), from €14,594 to €11,453
of which Taxes: -€4,552
- Debts after one year -€2,711
down €2,711 (-15.4%), from €17,623 to €14,912
- Trade debts +€2,562
up €2,562 (+119.8%), from €2,140 to €4,702
- Gross operating margin -€10,592
down €10,592 (-26.8%), from €39,526 to €28,934
- Depreciation +€7,859
up €7,859 (+96.4%), from €8,153 to €16,012
- Taxes -€3,836
down €3,836 (-63.0%), from €6,085 to €2,250
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 | €77,294 | €83,588 | +€6,294 | +8.1% |
| Fixed assets | 21/28 | €57,593 | €59,143 | +€1,550 | +2.7% |
| Tangible fixed assets | 22/27 | €57,593 | €59,143 | +€1,550 | +2.7% |
| Plant, machinery and equipment | 23 | €17,482 | €25,788 | +€8,306 | +47.5% |
| Furniture and vehicles | 24 | €4,868 | €3,540 | -€1,329 | -27.3% |
| Other tangible fixed assets | 26 | €35,243 | €29,816 | -€5,427 | -15.4% |
| Current assets | 29/58 | €19,701 | €24,445 | +€4,744 | +24.1% |
| Amounts receivable within one year | 40/41 | €3,047 | €17,362 | +€14,315 | +469.8% |
| Trade receivables | 40 | €3,047 | €9,384 | +€6,337 | +208.0% |
| Other amounts receivable | 41 | - | €7,978 | +€7,978 | |
| Cash at bank and in hand | 54/58 | €16,154 | €4,094 | -€12,060 | -74.7% |
| Deferred charges and accrued income | 490/1 | €500 | €2,988 | +€2,488 | +497.7% |
| Total equity and liabilities | 10/49 | €77,294 | €83,588 | +€6,294 | +8.1% |
| Equity | 10/15 | €37,768 | €45,852 | +€8,084 | +21.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,768 | €44,852 | +€8,084 | +22.0% |
| Amounts payable | 17/49 | €39,526 | €37,736 | -€1,790 | -4.5% |
| Amounts payable after more than one year | 17 | €17,623 | €14,912 | -€2,711 | -15.4% |
| Financial debts | 170/4 | €17,623 | €14,912 | -€2,711 | -15.4% |
| Amounts payable within one year | 42/48 | €21,903 | €22,824 | +€921 | +4.2% |
| Current portion of amounts payable after more than one year | 42 | €2,657 | €6,086 | +€3,429 | +129.0% |
| Trade debts | 44 | €2,140 | €4,702 | +€2,562 | +119.8% |
| Suppliers | 440/4 | €2,140 | €4,702 | +€2,562 | +119.8% |
| Taxes, remuneration and social security | 45 | €14,594 | €11,453 | -€3,141 | -21.5% |
| Taxes | 450/3 | €12,129 | €7,577 | -€4,552 | -37.5% |
| Remuneration and social security | 454/9 | €2,465 | €3,876 | +€1,411 | +57.2% |
| Other amounts payable | 47/48 | €2,512 | €583 | -€1,929 | -76.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,153 | €16,012 | +€7,859 | +96.4% |
| Other operating charges | 640/8 | €853 | €898 | +€45 | +5.3% |
| Gross operating margin | 9900 | €39,526 | €28,934 | -€10,592 | -26.8% |
| Operating profit (loss) | 9901 | €30,519 | €12,023 | -€18,496 | -60.6% |
| Financial income | 75/76B | €0 | €0 | -€0 | -97.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -97.0% |
| Financial charges | 65/66B | €806 | €856 | +€50 | +6.3% |
| Recurring financial charges | 65 | €806 | €856 | +€50 | +6.3% |
| Profit (loss) for the period before taxes | 9903 | €29,714 | €11,167 | -€18,547 | -62.4% |
| Income taxes | 67/77 | €6,085 | €2,250 | -€3,836 | -63.0% |
| Profit (loss) for the period | 9904 | €23,628 | €8,917 | -€14,711 | -62.3% |
| Profit (loss) for the period to be appropriated | 9905 | €23,628 | €8,917 | -€14,711 | -62.3% |
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 11 October 2026 via checked.be.