Jermet: 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.
Jermet
Largest movements
- Tangible fixed assets -€41,368
down €41,368 (-8.6%), from €479,165 to €437,797
of which Furniture and vehicles: -€30,218
- Cash +€5,724
up €5,724 (+38.9%), from €14,715 to €20,439
mainly Depreciation (+€42,666) and Other debts (+€19,597)
- Receivables within one year +€5,403
up €5,403 (+540.3%), from €1,000 to €6,403
of which Trade receivables: +€5,881
- Debts after one year -€32,369
down €32,369 (-10.1%), from €320,798 to €288,428
- Trade debts -€27,313
down €27,313 (-94.4%), from €28,934 to €1,621
- Other debts +€19,597
up €19,597 (+21.7%), from €90,277 to €109,874
- Profit (loss) carried forward +€9,040
no longer reported in 2025 (was -€9,040)
- Depreciation -€16,000
down €16,000 (-27.3%), from €58,666 to €42,666
- Financial charges -€1,179
down €1,179 (-7.7%), from €15,320 to €14,142
- Gross operating margin -€1,150
down €1,150 (-1.6%), from €71,361 to €70,211
- Taxes +€1,067
new in 2025: €1,067
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 | €496,692 | €469,284 | -€27,409 | -5.5% |
| Fixed assets | 21/28 | €480,665 | €439,297 | -€41,368 | -8.6% |
| Tangible fixed assets | 22/27 | €479,165 | €437,797 | -€41,368 | -8.6% |
| Land and buildings | 22 | €440,172 | €429,982 | -€10,189 | -2.3% |
| Plant, machinery and equipment | 23 | €7,932 | €6,971 | -€961 | -12.1% |
| Furniture and vehicles | 24 | €31,062 | €844 | -€30,218 | -97.3% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €16,027 | €29,986 | +€13,959 | +87.1% |
| Amounts receivable within one year | 40/41 | €1,000 | €6,403 | +€5,403 | +540.3% |
| Trade receivables | 40 | - | €5,881 | +€5,881 | |
| Other amounts receivable | 41 | €1,000 | €522 | -€478 | -47.8% |
| Cash at bank and in hand | 54/58 | €14,715 | €20,439 | +€5,724 | +38.9% |
| Deferred charges and accrued income | 490/1 | €312 | €3,145 | +€2,833 | +907.9% |
| Total equity and liabilities | 10/49 | €496,692 | €469,284 | -€27,409 | -5.5% |
| Equity | 10/15 | €25,032 | €35,437 | +€10,405 | +41.6% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €30,073 | €31,437 | +€1,364 | +4.5% |
| Distributable reserves | 133 | €30,073 | €31,437 | +€1,364 | +4.5% |
| Profit (loss) carried forward | 14 | -€9,040 | - | +€9,040 | |
| Amounts payable | 17/49 | €471,660 | €433,847 | -€37,813 | -8.0% |
| Amounts payable after more than one year | 17 | €320,798 | €288,428 | -€32,369 | -10.1% |
| Financial debts | 170/4 | €320,798 | €288,428 | -€32,369 | -10.1% |
| Amounts payable within one year | 42/48 | €150,863 | €145,224 | -€5,639 | -3.7% |
| Current portion of amounts payable after more than one year | 42 | €31,179 | €32,369 | +€1,190 | +3.8% |
| Trade debts | 44 | €28,934 | €1,621 | -€27,313 | -94.4% |
| Suppliers | 440/4 | €28,934 | €1,621 | -€27,313 | -94.4% |
| Taxes, remuneration and social security | 45 | €473 | €1,360 | +€887 | +187.5% |
| Taxes | 450/3 | €473 | €1,360 | +€887 | +187.5% |
| Other amounts payable | 47/48 | €90,277 | €109,874 | +€19,597 | +21.7% |
| Accrued charges and deferred income | 492/3 | - | €195 | +€195 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,666 | €42,666 | -€16,000 | -27.3% |
| Other operating charges | 640/8 | €2,233 | €1,932 | -€301 | -13.5% |
| Gross operating margin | 9900 | €71,361 | €70,211 | -€1,150 | -1.6% |
| Operating profit (loss) | 9901 | €10,462 | €25,613 | +€15,151 | +144.8% |
| Financial charges | 65/66B | €15,320 | €14,142 | -€1,179 | -7.7% |
| Recurring financial charges | 65 | €15,320 | €14,142 | -€1,179 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | -€4,859 | €11,471 | +€16,330 | |
| Income taxes | 67/77 | - | €1,067 | +€1,067 | |
| Profit (loss) for the period | 9904 | -€4,859 | €10,405 | +€15,263 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,859 | €10,405 | +€15,263 |
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 29 September 2026 via checked.be.