JERELBA: 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.
JERELBA
Largest movements
- Tangible fixed assets +€20,545
up €20,545 (+110.4%), from €18,617 to €39,163
of which Furniture and vehicles: +€20,615
- Receivables within one year +€2,022
up €2,022 (+6.1%), from €33,050 to €35,072
of which Trade receivables: +€1,490
- Other debts -€53,352
down €53,352 (-25.9%), from €205,710 to €152,359
- Profit (loss) carried forward +€39,432
up €39,432 (+16.6%), from -€238,195 to -€198,763
- Tax, wage and social debts +€22,222
up €22,222 (+53.3%), from €41,672 to €63,894
of which Remuneration and social security: +€17,617
- Debts after one year +€8,778
up €8,778 (+85.0%), from €10,326 to €19,105
- Current portion of long-term debt +€5,590
up €5,590 (+128.5%), from €4,351 to €9,941
- Gross operating margin +€61,753
up €61,753 (+36.8%), from €167,810 to €229,564
- Staff costs +€43,775
up €43,775 (+32.6%), from €134,111 to €177,886
- Depreciation +€4,965
up €4,965 (+110.8%), from €4,480 to €9,445
From the 2025 result to the 2026 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €51,667 | €74,234 | +€22,567 | +43.7% |
| Fixed assets | 21/28 | €18,617 | €39,163 | +€20,545 | +110.4% |
| Tangible fixed assets | 22/27 | €18,617 | €39,163 | +€20,545 | +110.4% |
| Land and buildings | 22 | €5,796 | €5,727 | -€69 | -1.2% |
| Furniture and vehicles | 24 | €12,821 | €33,436 | +€20,615 | +160.8% |
| Current assets | 29/58 | €33,050 | €35,072 | +€2,022 | +6.1% |
| Amounts receivable within one year | 40/41 | €33,050 | €35,072 | +€2,022 | +6.1% |
| Trade receivables | 40 | €20,357 | €21,847 | +€1,490 | +7.3% |
| Other amounts receivable | 41 | €12,693 | €13,224 | +€532 | +4.2% |
| Total equity and liabilities | 10/49 | €51,667 | €74,234 | +€22,567 | +43.7% |
| Equity | 10/15 | -€214,195 | -€174,763 | +€39,432 | +18.4% |
| Contributions | 10/11 | €24,000 | €24,000 | = | 0.0% |
| Capital | 10 | €24,000 | - | -€24,000 | |
| Issued capital | 100 | €24,000 | - | -€24,000 | |
| Profit (loss) carried forward | 14 | -€238,195 | -€198,763 | +€39,432 | +16.6% |
| Amounts payable | 17/49 | €265,862 | €248,997 | -€16,865 | -6.3% |
| Amounts payable after more than one year | 17 | €10,326 | €19,105 | +€8,778 | +85.0% |
| Financial debts | 170/4 | €10,326 | €19,105 | +€8,778 | +85.0% |
| Amounts payable within one year | 42/48 | €255,536 | €229,893 | -€25,643 | -10.0% |
| Current portion of amounts payable after more than one year | 42 | €4,351 | €9,941 | +€5,590 | +128.5% |
| Financial debts | 43 | €3,803 | €3,699 | -€104 | -2.7% |
| Credit institutions | 430/8 | €3,803 | €3,699 | -€104 | -2.7% |
| Taxes, remuneration and social security | 45 | €41,672 | €63,894 | +€22,222 | +53.3% |
| Taxes | 450/3 | €5,042 | €9,647 | +€4,605 | +91.3% |
| Remuneration and social security | 454/9 | €36,630 | €54,247 | +€17,617 | +48.1% |
| Other amounts payable | 47/48 | €205,710 | €152,359 | -€53,352 | -25.9% |
| Remuneration, social security and pensions | 62 | €134,111 | €177,886 | +€43,775 | +32.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,480 | €9,445 | +€4,965 | +110.8% |
| Other operating charges | 640/8 | - | €73 | +€73 | |
| Non-recurring operating charges | 66A | €1,992 | €875 | -€1,117 | -56.1% |
| Gross operating margin | 9900 | €167,810 | €229,564 | +€61,753 | +36.8% |
| Operating profit (loss) | 9901 | €27,228 | €41,285 | +€14,057 | +51.6% |
| Financial income | 75/76B | €16 | - | -€16 | |
| Recurring financial income | 75 | €16 | - | -€16 | |
| Financial charges | 65/66B | €1,697 | €1,853 | +€156 | +9.2% |
| Recurring financial charges | 65 | €1,697 | €1,853 | +€156 | +9.2% |
| Profit (loss) for the period before taxes | 9903 | €25,547 | €39,432 | +€13,885 | +54.4% |
| Profit (loss) for the period | 9904 | €25,547 | €39,432 | +€13,885 | +54.4% |
| Profit (loss) for the period to be appropriated | 9905 | €25,547 | €39,432 | +€13,885 | +54.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.