JERICO: 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.
JERICO
Largest movements
- Cash -€1.0m
down €1.0m (-85.1%), from €1.2m to €177,412
mainly Current investments (-€999,086) and Net result for the year (-€55,513)
- Current investments +€999,086
new in 2025: €999,086
- Stocks and contracts -€72,977
down €72,977 (-47.6%), from €153,285 to €80,309
- Receivables within one year +€24,188
up €24,188 (+57.2%), from €42,295 to €66,483
of which Other amounts receivable: +€42,697
- Profit (loss) carried forward -€55,513
down €55,513, from €0 to -€55,513
- Financial income -€523,668
down €523,668 (-97.7%), from €536,231 to €12,564
of which Non-recurring financial income: -€534,772
- Gross operating margin +€85,903
up €85,903 (+60.1%), from -€142,951 to -€57,048
- Taxes -€39,028
down €39,028 (-99.8%), from €39,115 to €87
- Depreciation -€1,644
down €1,644 (-31.3%), from €5,251 to €3,606
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 | €1,462,800 | €1,393,113 | -€69,686 | -4.8% |
| Fixed assets | 21/28 | €74,792 | €68,365 | -€6,427 | -8.6% |
| Tangible fixed assets | 22/27 | €74,792 | €68,365 | -€6,427 | -8.6% |
| Plant, machinery and equipment | 23 | €5,219 | €1,198 | -€4,021 | -77.0% |
| Furniture and vehicles | 24 | €69,573 | €67,167 | -€2,406 | -3.5% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €1,388,008 | €1,324,748 | -€63,259 | -4.6% |
| Stocks and contracts in progress | 3 | €153,285 | €80,309 | -€72,977 | -47.6% |
| Stocks | 30/36 | €153,285 | €80,309 | -€72,977 | -47.6% |
| Amounts receivable within one year | 40/41 | €42,295 | €66,483 | +€24,188 | +57.2% |
| Trade receivables | 40 | €18,509 | €0 | -€18,509 | -100.0% |
| Other amounts receivable | 41 | €23,786 | €66,483 | +€42,697 | +179.5% |
| Current investments | 50/53 | - | €999,086 | +€999,086 | |
| Cash at bank and in hand | 54/58 | €1,187,934 | €177,412 | -€1.0m | -85.1% |
| Deferred charges and accrued income | 490/1 | €4,493 | €1,459 | -€3,034 | -67.5% |
| Total equity and liabilities | 10/49 | €1,462,800 | €1,393,113 | -€69,686 | -4.8% |
| Equity | 10/15 | €1,408,271 | €1,352,758 | -€55,513 | -3.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,346,271 | €1,346,271 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,691 | €6,691 | = | 0.0% |
| Legal reserve | 130 | €6,691 | €6,691 | = | 0.0% |
| Distributable reserves | 133 | €1,339,580 | €1,339,580 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€55,513 | -€55,513 | |
| Amounts payable | 17/49 | €54,529 | €40,355 | -€14,174 | -26.0% |
| Amounts payable within one year | 42/48 | €54,529 | €40,355 | -€14,174 | -26.0% |
| Financial debts | 43 | - | €39 | +€39 | |
| Credit institutions | 430/8 | - | €39 | +€39 | |
| Trade debts | 44 | €2,170 | €132 | -€2,038 | -93.9% |
| Suppliers | 440/4 | €2,170 | €132 | -€2,038 | -93.9% |
| Taxes, remuneration and social security | 45 | €52,359 | €40,184 | -€12,175 | -23.3% |
| Taxes | 450/3 | €52,359 | €40,184 | -€12,175 | -23.3% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €2,000 | +€2,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,251 | €3,606 | -€1,644 | -31.3% |
| Other operating charges | 640/8 | €1,733 | €2,838 | +€1,105 | +63.8% |
| Non-recurring operating charges | 66A | - | €2,821 | +€2,821 | |
| Gross operating margin | 9900 | -€142,951 | -€57,048 | +€85,903 | +60.1% |
| Operating profit (loss) | 9901 | -€149,935 | -€66,313 | +€83,622 | +55.8% |
| Financial income | 75/76B | €536,231 | €12,564 | -€523,668 | -97.7% |
| Recurring financial income | 75 | €1,459 | €12,564 | +€11,105 | +761.1% |
| Non-recurring financial income | 76B | €534,772 | €0 | -€534,772 | -100.0% |
| Financial charges | 65/66B | €418 | €1,676 | +€1,258 | +301.3% |
| Recurring financial charges | 65 | €418 | €1,676 | +€1,258 | +301.3% |
| Profit (loss) for the period before taxes | 9903 | €385,879 | -€55,426 | -€441,304 | |
| Income taxes | 67/77 | €39,115 | €87 | -€39,028 | -99.8% |
| Profit (loss) for the period | 9904 | €346,763 | -€55,513 | -€402,276 | |
| Profit (loss) for the period to be appropriated | 9905 | €346,763 | -€55,513 | -€402,276 |
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.