JERMAU: 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.
JERMAU
Largest movements
- Cash +€18,621
up €18,621 (+24.1%), from €77,171 to €95,791
mainly Net result for the year (+€31,849) and Trade debts (+€2,383)
- Receivables within one year +€3,747
up €3,747 (+39.3%), from €9,530 to €13,277
of which Other amounts receivable: +€11,622
- Deferred charges and accrued income +€2,334
up €2,334 (+1961.8%), from €119 to €2,453
- Reserves +€31,849
up €31,849 (+78.7%), from €40,459 to €72,308
- Tax, wage and social debts -€7,998
down €7,998 (-45.6%), from €17,552 to €9,554
- Trade debts +€2,383
up €2,383 (+189.9%), from €1,255 to €3,638
- Other debts -€2,070
down €2,070 (-8.9%), from €23,215 to €21,146
- Gross operating margin -€14,341
down €14,341 (-23.6%), from €60,759 to €46,418
- Taxes -€4,064
down €4,064 (-27.9%), from €14,554 to €10,490
- Other operating charges -€2,705
down €2,705 (-83.7%), from €3,233 to €528
- Financial charges +€1,038
up €1,038 (+41.3%), from €2,513 to €3,551
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 | €86,820 | €111,522 | +€24,702 | +28.5% |
| Current assets | 29/58 | €86,820 | €111,522 | +€24,702 | +28.5% |
| Amounts receivable within one year | 40/41 | €9,530 | €13,277 | +€3,747 | +39.3% |
| Trade receivables | 40 | €7,875 | €0 | -€7,875 | -100.0% |
| Other amounts receivable | 41 | €1,655 | €13,277 | +€11,622 | +702.0% |
| Cash at bank and in hand | 54/58 | €77,171 | €95,791 | +€18,621 | +24.1% |
| Deferred charges and accrued income | 490/1 | €119 | €2,453 | +€2,334 | +1961.8% |
| Total equity and liabilities | 10/49 | €86,820 | €111,522 | +€24,702 | +28.5% |
| Equity | 10/15 | €42,959 | €74,808 | +€31,849 | +74.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €40,459 | €72,308 | +€31,849 | +78.7% |
| Distributable reserves | 133 | €40,459 | €72,308 | +€31,849 | +78.7% |
| Amounts payable | 17/49 | €43,861 | €36,714 | -€7,147 | -16.3% |
| Amounts payable within one year | 42/48 | €42,092 | €35,053 | -€7,039 | -16.7% |
| Financial debts | 43 | €69 | €716 | +€646 | +932.6% |
| Credit institutions | 430/8 | €69 | €716 | +€646 | +932.6% |
| Trade debts | 44 | €1,255 | €3,638 | +€2,383 | +189.9% |
| Suppliers | 440/4 | €1,255 | €3,638 | +€2,383 | +189.9% |
| Taxes, remuneration and social security | 45 | €17,552 | €9,554 | -€7,998 | -45.6% |
| Taxes | 450/3 | €17,552 | €9,554 | -€7,998 | -45.6% |
| Other amounts payable | 47/48 | €23,215 | €21,146 | -€2,070 | -8.9% |
| Accrued charges and deferred income | 492/3 | €1,769 | €1,661 | -€108 | -6.1% |
| Other operating charges | 640/8 | €3,233 | €528 | -€2,705 | -83.7% |
| Gross operating margin | 9900 | €60,759 | €46,418 | -€14,341 | -23.6% |
| Operating profit (loss) | 9901 | €57,526 | €45,890 | -€11,636 | -20.2% |
| Financial income | 75/76B | €0 | €0 | +€0 | +263.6% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +263.6% |
| Financial charges | 65/66B | €2,513 | €3,551 | +€1,038 | +41.3% |
| Recurring financial charges | 65 | €2,513 | €3,551 | +€1,038 | +41.3% |
| Profit (loss) for the period before taxes | 9903 | €55,013 | €42,339 | -€12,674 | -23.0% |
| Income taxes | 67/77 | €14,554 | €10,490 | -€4,064 | -27.9% |
| Profit (loss) for the period | 9904 | €40,459 | €31,849 | -€8,610 | -21.3% |
| Profit (loss) for the period to be appropriated | 9905 | €40,459 | €31,849 | -€8,610 | -21.3% |
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 7 October 2026 via checked.be.