JERME: 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.
JERME
Largest movements
- Tangible fixed assets +€52,773
up €52,773 (+1,868%), from €2,825 to €55,598
- Cash +€31,658
up €31,658 (+33.6%), from €94,256 to €125,913
mainly Debts after one year (+€41,083) and Net result for the year (+€17,915)
- Receivables within one year -€6,362
down €6,362 (-17.3%), from €36,677 to €30,315
of which Other amounts receivable: -€3,537
- Stocks and contracts +€6,120
up €6,120 (+129%), from €4,752 to €10,872
- Debts after one year +€41,083
new in 2025: €41,083
- Reserves +€18,000
up €18,000 (+26.3%), from €68,533 to €86,533
of which Distributable reserves: +€18,000
- Trade debts +€14,730
up €14,730 (+203%), from €7,243 to €21,973
- Current portion of long-term debt +€13,600
new in 2025: €13,600
- Gross operating margin +€33,995
up €33,995 (+55.9%), from €60,822 to €94,818
- Staff costs -€12,194
down €12,194 (-16.4%), from €74,242 to €62,048
- Other operating charges -€2,184
down €2,184 (-23.1%), from €9,458 to €7,274
- Depreciation +€2,093
up €2,093 (+103%), from €2,034 to €4,127
- Taxes +€1,564
up €1,564 (+809%), from €193 to €1,758
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.
Derived cash bridge
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 | €146,933 | €232,702 | +€85,769 | +58.4% |
| Fixed assets | 21/28 | €2,825 | €55,598 | +€52,773 | +1,868% |
| Tangible fixed assets | 22/27 | €2,825 | €55,598 | +€52,773 | +1,868% |
| Furniture and vehicles | 24 | €2,825 | €55,598 | +€52,773 | +1,868% |
| Current assets | 29/58 | €144,108 | €177,104 | +€32,996 | +22.9% |
| Stocks and contracts in progress | 3 | €4,752 | €10,872 | +€6,120 | +129% |
| Stocks | 30/36 | €4,752 | €10,872 | +€6,120 | +129% |
| Amounts receivable within one year | 40/41 | €36,677 | €30,315 | -€6,362 | -17.3% |
| Trade receivables | 40 | €29,849 | €27,024 | -€2,825 | -9.5% |
| Other amounts receivable | 41 | €6,828 | €3,291 | -€3,537 | -51.8% |
| Cash at bank and in hand | 54/58 | €94,256 | €125,913 | +€31,658 | +33.6% |
| Deferred charges and accrued income | 490/1 | €8,423 | €10,004 | +€1,581 | +18.8% |
| Total equity and liabilities | 10/49 | €146,933 | €232,702 | +€85,769 | +58.4% |
| Equity | 10/15 | €130,781 | €148,696 | +€17,915 | +13.7% |
| 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 | €68,533 | €86,533 | +€18,000 | +26.3% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €44,333 | €44,333 | = | 0.0% |
| Distributable reserves | 133 | €18,000 | €36,000 | +€18,000 | +100% |
| Profit (loss) carried forward | 14 | €247 | €162 | -€85 | -34.4% |
| Amounts payable | 17/49 | €16,152 | €84,006 | +€67,854 | +420% |
| Amounts payable after more than one year | 17 | - | €41,083 | +€41,083 | |
| Financial debts | 170/4 | - | €41,083 | +€41,083 | |
| Amounts payable within one year | 42/48 | €16,152 | €42,923 | +€26,771 | +166% |
| Current portion of amounts payable after more than one year | 42 | - | €13,600 | +€13,600 | |
| Financial debts | 43 | €1,694 | - | -€1,694 | |
| Credit institutions | 430/8 | €1,694 | - | -€1,694 | |
| Trade debts | 44 | €7,243 | €21,973 | +€14,730 | +203% |
| Suppliers | 440/4 | €7,243 | €21,973 | +€14,730 | +203% |
| Taxes, remuneration and social security | 45 | €7,207 | €7,350 | +€143 | +2.0% |
| Taxes | 450/3 | €647 | €793 | +€146 | +22.6% |
| Remuneration and social security | 454/9 | €6,560 | €6,557 | -€3 | 0.0% |
| Other amounts payable | 47/48 | €8 | - | -€8 | |
| Remuneration, social security and pensions | 62 | €74,242 | €62,048 | -€12,194 | -16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,034 | €4,127 | +€2,093 | +103% |
| Other operating charges | 640/8 | €9,458 | €7,274 | -€2,184 | -23.1% |
| Gross operating margin | 9900 | €60,822 | €94,818 | +€33,995 | +55.9% |
| Operating profit (loss) | 9901 | -€24,911 | €21,369 | +€46,280 | |
| Financial charges | 65/66B | €1,776 | €1,696 | -€80 | -4.5% |
| Recurring financial charges | 65 | €1,236 | €1,565 | +€329 | +26.6% |
| Non-recurring financial charges | 66B | €540 | €131 | -€409 | -75.7% |
| Profit (loss) for the period before taxes | 9903 | -€26,687 | €19,673 | +€46,360 | |
| Income taxes | 67/77 | €193 | €1,758 | +€1,564 | +809% |
| Profit (loss) for the period | 9904 | -€26,881 | €17,915 | +€44,796 | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,881 | €17,915 | +€44,796 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.