JERMA: 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.
JERMA
Largest movements
- Receivables within one year +€32,810
up €32,810 (+1284.7%), from €2,554 to €35,364
of which Other amounts receivable: +€32,086
- Cash -€23,107
down €23,107 (-47.1%), from €49,015 to €25,908
mainly Receivables within one year (-€32,810) and Tax, wage and social debts (-€6,176)
- Tangible fixed assets -€7,194
down €7,194 (-37.0%), from €19,434 to €12,240
- Trade debts +€14,803
up €14,803 (+509.6%), from €2,905 to €17,707
- Tax, wage and social debts -€6,176
down €6,176 (-38.9%), from €15,858 to €9,682
of which Remuneration and social security: -€4,200
- Profit (loss) carried forward -€4,806
down €4,806, from €95 to -€4,711
- Other debts -€755
down €755 (-7.7%), from €9,755 to €9,000
- Gross operating margin -€31,494
down €31,494 (-89.1%), from €35,336 to €3,842
- Taxes -€6,809
down €6,809 (-87.5%), from €7,785 to €976
- Financial income +€1,097
new in 2025: €1,097
- Other operating charges -€959
down €959 (-41.3%), from €2,322 to €1,363
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 | €71,972 | €75,039 | +€3,066 | +4.3% |
| Fixed assets | 21/28 | €19,434 | €12,240 | -€7,194 | -37.0% |
| Tangible fixed assets | 22/27 | €19,434 | €12,240 | -€7,194 | -37.0% |
| Furniture and vehicles | 24 | €19,434 | €12,240 | -€7,194 | -37.0% |
| Current assets | 29/58 | €52,538 | €62,799 | +€10,260 | +19.5% |
| Amounts receivable within one year | 40/41 | €2,554 | €35,364 | +€32,810 | +1284.7% |
| Trade receivables | 40 | €2,554 | €3,278 | +€724 | +28.4% |
| Other amounts receivable | 41 | - | €32,086 | +€32,086 | |
| Cash at bank and in hand | 54/58 | €49,015 | €25,908 | -€23,107 | -47.1% |
| Deferred charges and accrued income | 490/1 | €970 | €1,526 | +€556 | +57.4% |
| Total equity and liabilities | 10/49 | €71,972 | €75,039 | +€3,066 | +4.3% |
| Equity | 10/15 | €43,455 | €38,649 | -€4,806 | -11.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €37,160 | €37,160 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €35,300 | €35,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €95 | -€4,711 | -€4,806 | |
| Amounts payable | 17/49 | €28,517 | €36,390 | +€7,872 | +27.6% |
| Amounts payable within one year | 42/48 | €28,517 | €36,390 | +€7,872 | +27.6% |
| Trade debts | 44 | €2,905 | €17,707 | +€14,803 | +509.6% |
| Suppliers | 440/4 | €2,905 | €17,707 | +€14,803 | +509.6% |
| Taxes, remuneration and social security | 45 | €15,858 | €9,682 | -€6,176 | -38.9% |
| Taxes | 450/3 | €11,658 | €9,682 | -€1,976 | -16.9% |
| Remuneration and social security | 454/9 | €4,200 | - | -€4,200 | |
| Other amounts payable | 47/48 | €9,755 | €9,000 | -€755 | -7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,372 | €7,194 | -€177 | -2.4% |
| Other operating charges | 640/8 | €2,322 | €1,363 | -€959 | -41.3% |
| Gross operating margin | 9900 | €35,336 | €3,842 | -€31,494 | -89.1% |
| Operating profit (loss) | 9901 | €25,643 | -€4,714 | -€30,357 | |
| Financial income | 75/76B | - | €1,097 | +€1,097 | |
| Recurring financial income | 75 | - | €1,097 | +€1,097 | |
| Financial charges | 65/66B | €463 | €213 | -€250 | -54.0% |
| Recurring financial charges | 65 | €463 | €213 | -€250 | -54.0% |
| Profit (loss) for the period before taxes | 9903 | €25,180 | -€3,830 | -€29,010 | |
| Income taxes | 67/77 | €7,785 | €976 | -€6,809 | -87.5% |
| Profit (loss) for the period | 9904 | €17,395 | -€4,806 | -€22,201 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,395 | -€4,806 | -€22,201 |
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 6 October 2026 via checked.be.