JERCO: 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.
JERCO
Largest movements
- Cash -€24,027
down €24,027 (-36.5%), from €65,828 to €41,801
mainly Trade debts (-€21,663) and Receivables within one year (-€19,134)
- Receivables within one year +€19,134
up €19,134 (+219.1%), from €8,733 to €27,867
of which Other amounts receivable: +€26,368
- Tangible fixed assets -€7,867
down €7,867 (-10.6%), from €73,971 to €66,105
of which Leasing and similar rights: -€18,026
- Trade debts -€21,663
down €21,663 (-73.5%), from €29,469 to €7,806
- Accrued charges and deferred income +€20,000
new in 2025: €20,000
- Debts after one year -€16,693
down €16,693 (-62.1%), from €26,872 to €10,178
- Tax, wage and social debts +€8,687
up €8,687 (+148.6%), from €5,847 to €14,534
of which Remuneration and social security: +€5,747
- Other debts -€6,629
no longer reported in 2025 (was €6,629)
- Gross operating margin +€20,374
up €20,374 (+16.5%), from €123,727 to €144,101
- Staff costs +€17,767
up €17,767 (+20.0%), from €88,865 to €106,632
- Taxes +€2,229
up €2,229 (+2079.6%), from €107 to €2,336
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 | €153,564 | €139,868 | -€13,696 | -8.9% |
| Fixed assets | 21/28 | €74,171 | €66,305 | -€7,867 | -10.6% |
| Tangible fixed assets | 22/27 | €73,971 | €66,105 | -€7,867 | -10.6% |
| Plant, machinery and equipment | 23 | €5,588 | €3,343 | -€2,245 | -40.2% |
| Furniture and vehicles | 24 | €1,825 | €14,581 | +€12,756 | +698.8% |
| Leasing and similar rights | 25 | €65,487 | €47,461 | -€18,026 | -27.5% |
| Other tangible fixed assets | 26 | €1,071 | €720 | -€351 | -32.8% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €79,392 | €73,564 | -€5,829 | -7.3% |
| Stocks and contracts in progress | 3 | €3,986 | €3,895 | -€90 | -2.3% |
| Stocks | 30/36 | €3,986 | €3,895 | -€90 | -2.3% |
| Amounts receivable within one year | 40/41 | €8,733 | €27,867 | +€19,134 | +219.1% |
| Trade receivables | 40 | €7,234 | - | -€7,234 | |
| Other amounts receivable | 41 | €1,499 | €27,867 | +€26,368 | +1758.8% |
| Cash at bank and in hand | 54/58 | €65,828 | €41,801 | -€24,027 | -36.5% |
| Deferred charges and accrued income | 490/1 | €845 | - | -€845 | |
| Total equity and liabilities | 10/49 | €153,564 | €139,868 | -€13,696 | -8.9% |
| Equity | 10/15 | €64,783 | €70,443 | +€5,661 | +8.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €58,725 | €64,225 | +€5,500 | +9.4% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €56,865 | €64,225 | +€7,360 | +12.9% |
| Profit (loss) carried forward | 14 | -€142 | €19 | +€161 | |
| Amounts payable | 17/49 | €88,781 | €69,425 | -€19,356 | -21.8% |
| Amounts payable after more than one year | 17 | €26,872 | €10,178 | -€16,693 | -62.1% |
| Financial debts | 170/4 | €26,872 | €10,178 | -€16,693 | -62.1% |
| Amounts payable within one year | 42/48 | €61,909 | €39,246 | -€22,663 | -36.6% |
| Current portion of amounts payable after more than one year | 42 | €15,783 | €16,693 | +€910 | +5.8% |
| Trade debts | 44 | €29,469 | €7,806 | -€21,663 | -73.5% |
| Suppliers | 440/4 | €29,469 | €7,806 | -€21,663 | -73.5% |
| Advances received on contracts in progress | 46 | €4,181 | €213 | -€3,967 | -94.9% |
| Taxes, remuneration and social security | 45 | €5,847 | €14,534 | +€8,687 | +148.6% |
| Taxes | 450/3 | €3,963 | €6,903 | +€2,940 | +74.2% |
| Remuneration and social security | 454/9 | €1,885 | €7,631 | +€5,747 | +304.9% |
| Other amounts payable | 47/48 | €6,629 | - | -€6,629 | |
| Accrued charges and deferred income | 492/3 | - | €20,000 | +€20,000 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €88,865 | €106,632 | +€17,767 | +20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,706 | €23,484 | +€778 | +3.4% |
| Other operating charges | 640/8 | €4,877 | €4,008 | -€869 | -17.8% |
| Non-recurring operating charges | 66A | €4,041 | - | -€4,041 | |
| Gross operating margin | 9900 | €123,727 | €144,101 | +€20,374 | +16.5% |
| Operating profit (loss) | 9901 | €3,238 | €9,977 | +€6,739 | +208.1% |
| Financial income | 75/76B | €0 | €501 | +€501 | +357700.0% |
| Recurring financial income | 75 | €0 | €501 | +€501 | +357700.0% |
| Financial charges | 65/66B | €3,273 | €2,481 | -€792 | -24.2% |
| Recurring financial charges | 65 | €3,273 | €2,481 | -€792 | -24.2% |
| Profit (loss) for the period before taxes | 9903 | -€35 | €7,997 | +€8,031 | |
| Income taxes | 67/77 | €107 | €2,336 | +€2,229 | +2079.6% |
| Profit (loss) for the period | 9904 | -€142 | €5,661 | +€5,802 | |
| Profit (loss) for the period to be appropriated | 9905 | -€142 | €5,661 | +€5,802 |
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 8 October 2026 via checked.be.