JEREMY: 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.
JEREMY
Largest movements
- Cash +€8,246
up €8,246 (+13.7%), from €60,185 to €68,431
mainly Depreciation (+€6,279) and Net result for the year (+€4,266)
- Tangible fixed assets -€4,816
down €4,816 (-5.9%), from €81,582 to €76,766
of which Land and buildings: -€5,642
- Profit (loss) carried forward +€4,053
up €4,053 (+30.6%), from -€13,255 to -€9,202
- Depreciation -€485
down €485 (-7.2%), from €6,764 to €6,279
- Gross operating margin +€194
up €194 (+1.5%), from €13,046 to €13,240
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 | €142,495 | €146,011 | +€3,516 | +2.5% |
| Fixed assets | 21/28 | €81,582 | €76,766 | -€4,816 | -5.9% |
| Tangible fixed assets | 22/27 | €81,582 | €76,766 | -€4,816 | -5.9% |
| Land and buildings | 22 | €80,997 | €75,355 | -€5,642 | -7.0% |
| Plant, machinery and equipment | 23 | €585 | €1,411 | +€826 | +141.2% |
| Current assets | 29/58 | €60,913 | €69,245 | +€8,332 | +13.7% |
| Amounts receivable within one year | 40/41 | €36 | €101 | +€65 | +180.6% |
| Other amounts receivable | 41 | €36 | €101 | +€65 | +180.6% |
| Cash at bank and in hand | 54/58 | €60,185 | €68,431 | +€8,246 | +13.7% |
| Deferred charges and accrued income | 490/1 | €692 | €713 | +€21 | +3.0% |
| Total equity and liabilities | 10/49 | €142,495 | €146,011 | +€3,516 | +2.5% |
| Equity | 10/15 | €140,447 | €144,713 | +€4,266 | +3.0% |
| Contributions | 10/11 | €133,750 | €133,750 | = | 0.0% |
| Capital | 10 | €133,750 | €133,750 | = | 0.0% |
| Issued capital | 100 | €133,750 | €133,750 | = | 0.0% |
| Reserves | 13 | €19,952 | €20,165 | +€213 | +1.1% |
| Non-distributable reserves | 130/1 | €4,367 | €4,580 | +€213 | +4.9% |
| Legal reserve | 130 | €4,367 | €4,580 | +€213 | +4.9% |
| Distributable reserves | 133 | €15,585 | €15,585 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,255 | -€9,202 | +€4,053 | +30.6% |
| Amounts payable | 17/49 | €2,048 | €1,298 | -€750 | -36.6% |
| Amounts payable within one year | 42/48 | €2,048 | €1,298 | -€750 | -36.6% |
| Advances received on contracts in progress | 46 | €2,000 | €1,250 | -€750 | -37.5% |
| Other amounts payable | 47/48 | €48 | €48 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,764 | €6,279 | -€485 | -7.2% |
| Other operating charges | 640/8 | €2,582 | €2,661 | +€79 | +3.1% |
| Gross operating margin | 9900 | €13,046 | €13,240 | +€194 | +1.5% |
| Operating profit (loss) | 9901 | €3,700 | €4,300 | +€600 | +16.2% |
| Financial income | 75/76B | €151 | €216 | +€65 | +43.0% |
| Recurring financial income | 75 | €151 | €216 | +€65 | +43.0% |
| Financial charges | 65/66B | €211 | €250 | +€39 | +18.5% |
| Recurring financial charges | 65 | €211 | €250 | +€39 | +18.5% |
| Profit (loss) for the period before taxes | 9903 | €3,640 | €4,266 | +€626 | +17.2% |
| Profit (loss) for the period | 9904 | €3,640 | €4,266 | +€626 | +17.2% |
| Profit (loss) for the period to be appropriated | 9905 | €3,640 | €4,266 | +€626 | +17.2% |
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 12 October 2026 via checked.be.