JERDEPHAR: 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.
JERDEPHAR
Largest movements
- Receivables within one year -€9,890
down €9,890 (-5.7%), from €173,455 to €163,564
of which Trade receivables: -€23,711
- Reserves +€79,637
up €79,637 (+12.1%), from €657,081 to €736,718
- Other debts -€78,650
down €78,650 (-31.2%), from €251,952 to €173,302
- Current portion of long-term debt -€11,693
down €11,693 (-59.2%), from €19,764 to €8,071
- Financial income -€21,089
down €21,089 (-32.6%), from €64,606 to €43,517
- Taxes -€1,479
down €1,479 (-6.8%), from €21,629 to €20,149
- Gross operating margin +€942
up €942 (+1.6%), from €57,718 to €58,660
- Financial charges -€760
down €760 (-51.5%), from €1,477 to €717
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 | €968,986 | €959,286 | -€9,700 | -1.0% |
| Fixed assets | 21/28 | €793,913 | €793,381 | -€531 | -0.1% |
| Tangible fixed assets | 22/27 | €1,587 | €1,056 | -€531 | -33.5% |
| Furniture and vehicles | 24 | €1,587 | €1,056 | -€531 | -33.5% |
| Financial fixed assets | 28 | €792,326 | €792,326 | = | 0.0% |
| Current assets | 29/58 | €175,073 | €165,905 | -€9,169 | -5.2% |
| Amounts receivable within one year | 40/41 | €173,455 | €163,564 | -€9,890 | -5.7% |
| Trade receivables | 40 | €141,140 | €117,429 | -€23,711 | -16.8% |
| Other amounts receivable | 41 | €32,315 | €46,135 | +€13,820 | +42.8% |
| Cash at bank and in hand | 54/58 | - | €156 | +€156 | |
| Deferred charges and accrued income | 490/1 | €1,619 | €2,185 | +€566 | +35.0% |
| Total equity and liabilities | 10/49 | €968,986 | €959,286 | -€9,700 | -1.0% |
| Equity | 10/15 | €675,681 | €755,318 | +€79,637 | +11.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €657,081 | €736,718 | +€79,637 | +12.1% |
| Distributable reserves | 133 | €657,081 | €736,718 | +€79,637 | +12.1% |
| Amounts payable | 17/49 | €293,305 | €203,968 | -€89,337 | -30.5% |
| Amounts payable within one year | 42/48 | €289,229 | €203,968 | -€85,262 | -29.5% |
| Current portion of amounts payable after more than one year | 42 | €19,764 | €8,071 | -€11,693 | -59.2% |
| Trade debts | 44 | €10,644 | €11,989 | +€1,345 | +12.6% |
| Suppliers | 440/4 | €10,644 | €11,989 | +€1,345 | +12.6% |
| Taxes, remuneration and social security | 45 | €6,868 | €10,606 | +€3,737 | +54.4% |
| Taxes | 450/3 | €6,868 | €10,606 | +€3,737 | +54.4% |
| Other amounts payable | 47/48 | €251,952 | €173,302 | -€78,650 | -31.2% |
| Accrued charges and deferred income | 492/3 | €4,075 | - | -€4,075 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7 | €531 | +€524 | +7,220% |
| Other operating charges | 640/8 | €1,108 | €1,143 | +€35 | +3.1% |
| Gross operating margin | 9900 | €57,718 | €58,660 | +€942 | +1.6% |
| Operating profit (loss) | 9901 | €56,603 | €56,986 | +€383 | +0.7% |
| Financial income | 75/76B | €64,606 | €43,517 | -€21,089 | -32.6% |
| Recurring financial income | 75 | €64,606 | €43,517 | -€21,089 | -32.6% |
| Financial charges | 65/66B | €1,477 | €717 | -€760 | -51.5% |
| Recurring financial charges | 65 | €1,477 | €717 | -€760 | -51.5% |
| Profit (loss) for the period before taxes | 9903 | €119,732 | €99,786 | -€19,945 | -16.7% |
| Income taxes | 67/77 | €21,629 | €20,149 | -€1,479 | -6.8% |
| Profit (loss) for the period | 9904 | €98,103 | €79,637 | -€18,466 | -18.8% |
| Profit (loss) for the period to be appropriated | 9905 | €98,103 | €79,637 | -€18,466 | -18.8% |
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 25 October 2026 via checked.be.