Jernie: 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.
Jernie
Largest movements
- Current investments +€425,000
up €425,000 (+228%), from €186,369 to €611,369
- Cash -€377,774
down €377,774 (-75.9%), from €497,538 to €119,764
mainly Current investments (-€425,000) and Short-term financial debts (-€255,377)
- Tangible fixed assets -€59,198
down €59,198 (-3.2%), from €1.9m to €1.8m
of which Land and buildings: -€71,451
- Receivables within one year +€53,888
up €53,888 (+9.7%), from €555,154 to €609,041
of which Trade receivables: +€41,934
- Profit (loss) carried forward +€256,074
up €256,074 (+17.9%), from €1.4m to €1.7m
- Short-term financial debts -€255,377
down €255,377 (-97.4%), from €262,123 to €6,747
- Tax, wage and social debts +€61,384
up €61,384 (+42.2%), from €145,600 to €206,984
of which Taxes: +€64,032
- Other debts -€60,000
no longer reported in 2024 (was €60,000)
- Debts after one year +€40,284
up €40,284 (+5.0%), from €810,106 to €850,390
- Gross operating margin -€87,455
down €87,455 (-8.7%), from €1.0m to €913,388
- Staff costs +€59,386
up €59,386 (+16.1%), from €368,200 to €427,586
- Taxes +€59,259
up €59,259 (+155%), from €38,198 to €97,456
- Financial income +€11,957
up €11,957 (+346%), from €3,456 to €15,413
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,197,385 | €3,242,130 | +€44,745 | +1.4% |
| Fixed assets | 21/28 | €1,873,820 | €1,816,906 | -€56,914 | -3.0% |
| Intangible fixed assets | 21 | - | €2,285 | +€2,285 | |
| Tangible fixed assets | 22/27 | €1,873,820 | €1,814,622 | -€59,198 | -3.2% |
| Land and buildings | 22 | €1,844,639 | €1,773,188 | -€71,451 | -3.9% |
| Furniture and vehicles | 24 | €29,181 | €41,433 | +€12,252 | +42.0% |
| Current assets | 29/58 | €1,323,565 | €1,425,224 | +€101,658 | +7.7% |
| Amounts receivable after more than one year | 29 | €80,000 | €80,000 | = | 0.0% |
| Other amounts receivable | 291 | €80,000 | €80,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €555,154 | €609,041 | +€53,888 | +9.7% |
| Trade receivables | 40 | €426,969 | €468,904 | +€41,934 | +9.8% |
| Other amounts receivable | 41 | €128,184 | €140,137 | +€11,953 | +9.3% |
| Current investments | 50/53 | €186,369 | €611,369 | +€425,000 | +228% |
| Cash at bank and in hand | 54/58 | €497,538 | €119,764 | -€377,774 | -75.9% |
| Deferred charges and accrued income | 490/1 | €4,504 | €5,049 | +€545 | +12.1% |
| Total equity and liabilities | 10/49 | €3,197,385 | €3,242,130 | +€44,745 | +1.4% |
| Equity | 10/15 | €1,747,612 | €1,998,710 | +€251,098 | +14.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €295,268 | €290,292 | -€4,977 | -1.7% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €189,071 | €184,094 | -€4,977 | -2.6% |
| Distributable reserves | 133 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,433,744 | €1,689,818 | +€256,074 | +17.9% |
| Provisions and deferred taxes | 16 | €39,813 | €38,154 | -€1,659 | -4.2% |
| Deferred taxes | 168 | €39,813 | €38,154 | -€1,659 | -4.2% |
| Amounts payable | 17/49 | €1,409,960 | €1,205,266 | -€204,694 | -14.5% |
| Amounts payable after more than one year | 17 | €810,106 | €850,390 | +€40,284 | +5.0% |
| Financial debts | 170/4 | €810,106 | €850,390 | +€40,284 | +5.0% |
| Amounts payable within one year | 42/48 | €599,854 | €354,876 | -€244,979 | -40.8% |
| Current portion of amounts payable after more than one year | 42 | €80,950 | €107,658 | +€26,708 | +33.0% |
| Financial debts | 43 | €262,123 | €6,747 | -€255,377 | -97.4% |
| Credit institutions | 430/8 | €262,123 | €6,747 | -€255,377 | -97.4% |
| Trade debts | 44 | €51,181 | €33,487 | -€17,694 | -34.6% |
| Suppliers | 440/4 | €51,181 | €33,487 | -€17,694 | -34.6% |
| Taxes, remuneration and social security | 45 | €145,600 | €206,984 | +€61,384 | +42.2% |
| Taxes | 450/3 | €84,411 | €148,444 | +€64,032 | +75.9% |
| Remuneration and social security | 454/9 | €61,189 | €58,541 | -€2,648 | -4.3% |
| Other amounts payable | 47/48 | €60,000 | - | -€60,000 | |
| Non-recurring operating income | 76A | - | €12,199 | +€12,199 | |
| Remuneration, social security and pensions | 62 | €368,200 | €427,586 | +€59,386 | +16.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,640 | €94,555 | +€6,914 | +7.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €6,595 | +€6,595 | |
| Other operating charges | 640/8 | €20,732 | €17,122 | -€3,609 | -17.4% |
| Non-recurring operating charges | 66A | €18,983 | - | -€18,983 | |
| Gross operating margin | 9900 | €1,000,843 | €913,388 | -€87,455 | -8.7% |
| Operating profit (loss) | 9901 | €505,288 | €367,530 | -€137,758 | -27.3% |
| Financial income | 75/76B | €3,456 | €15,413 | +€11,957 | +346% |
| Recurring financial income | 75 | €3,456 | €15,413 | +€11,957 | +346% |
| Financial charges | 65/66B | €38,954 | €36,048 | -€2,906 | -7.5% |
| Recurring financial charges | 65 | €38,954 | €36,048 | -€2,906 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | €469,790 | €346,895 | -€122,895 | -26.2% |
| Transfer from deferred taxes | 780 | €1,659 | €1,659 | = | 0.0% |
| Transfer to deferred taxes | 680 | €41,472 | - | -€41,472 | |
| Income taxes | 67/77 | €38,198 | €97,456 | +€59,259 | +155% |
| Profit (loss) for the period | 9904 | €391,779 | €251,098 | -€140,682 | -35.9% |
| Transfer from tax-exempt reserves | 789 | €4,977 | €4,977 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €124,416 | - | -€124,416 | |
| Profit (loss) for the period to be appropriated | 9905 | €272,340 | €256,074 | -€16,265 | -6.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.