JERNIK: 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.
JERNIK
Largest movements
- Tangible fixed assets -€281,667
down €281,667 (-11.1%), from €2.5m to €2.3m
of which Furniture and vehicles: -€278,341
- Current investments -€147,821
down €147,821 (-99.3%), from €148,847 to €1,026
- Receivables within one year +€95,933
up €95,933 (+63.5%), from €151,080 to €247,014
of which Trade receivables: +€77,086
- Deferred charges and accrued income -€33,180
down €33,180 (-93.4%), from €35,524 to €2,344
- Debts after one year -€396,000
down €396,000 (-23.6%), from €1.7m to €1.3m
- Profit (loss) carried forward +€69,760
up €69,760, from -€9,544 to €60,216
- Trade debts -€40,080
down €40,080 (-76.0%), from €52,750 to €12,670
- Reserves +€30,000
up €30,000 (+4.9%), from €615,434 to €645,434
of which Distributable reserves: +€30,000
- Gross operating margin +€146,849
up €146,849 (+37.7%), from €389,020 to €535,869
- Taxes +€38,828
up €38,828 (+882.0%), from €4,403 to €43,230
- Other operating charges -€5,636
down €5,636 (-15.9%), from €35,553 to €29,918
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 | €2,867,528 | €2,500,793 | -€366,735 | -12.8% |
| Fixed assets | 21/28 | €2,532,076 | €2,250,409 | -€281,667 | -11.1% |
| Tangible fixed assets | 22/27 | €2,532,076 | €2,250,409 | -€281,667 | -11.1% |
| Plant, machinery and equipment | 23 | €6,012 | €2,687 | -€3,326 | -55.3% |
| Furniture and vehicles | 24 | €2,526,064 | €2,247,722 | -€278,341 | -11.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €335,452 | €250,384 | -€85,068 | -25.4% |
| Amounts receivable within one year | 40/41 | €151,080 | €247,014 | +€95,933 | +63.5% |
| Trade receivables | 40 | €0 | €77,086 | +€77,086 | |
| Other amounts receivable | 41 | €151,080 | €169,928 | +€18,848 | +12.5% |
| Current investments | 50/53 | €148,847 | €1,026 | -€147,821 | -99.3% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Deferred charges and accrued income | 490/1 | €35,524 | €2,344 | -€33,180 | -93.4% |
| Total equity and liabilities | 10/49 | €2,867,528 | €2,500,793 | -€366,735 | -12.8% |
| Equity | 10/15 | €626,961 | €726,721 | +€99,760 | +15.9% |
| Contributions | 10/11 | €21,071 | €21,071 | = | 0.0% |
| Reserves | 13 | €615,434 | €645,434 | +€30,000 | +4.9% |
| Non-distributable reserves | 130/1 | €2,107 | €2,107 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,107 | €2,107 | = | 0.0% |
| Tax-exempt reserves | 132 | €204,213 | €204,213 | = | 0.0% |
| Distributable reserves | 133 | €409,114 | €439,114 | +€30,000 | +7.3% |
| Profit (loss) carried forward | 14 | -€9,544 | €60,216 | +€69,760 | |
| Amounts payable | 17/49 | €2,240,567 | €1,774,072 | -€466,495 | -20.8% |
| Amounts payable after more than one year | 17 | €1,674,500 | €1,278,500 | -€396,000 | -23.6% |
| Financial debts | 170/4 | €1,674,500 | €1,278,500 | -€396,000 | -23.6% |
| Amounts payable within one year | 42/48 | €566,067 | €495,572 | -€70,495 | -12.5% |
| Current portion of amounts payable after more than one year | 42 | €396,000 | €396,000 | = | 0.0% |
| Financial debts | 43 | €13,175 | €3,390 | -€9,786 | -74.3% |
| Credit institutions | 430/8 | €13,175 | €3,390 | -€9,786 | -74.3% |
| Trade debts | 44 | €52,750 | €12,670 | -€40,080 | -76.0% |
| Suppliers | 440/4 | €52,750 | €12,670 | -€40,080 | -76.0% |
| Taxes, remuneration and social security | 45 | €104,141 | €83,512 | -€20,629 | -19.8% |
| Taxes | 450/3 | €104,141 | €82,387 | -€21,754 | -20.9% |
| Remuneration and social security | 454/9 | €0 | €1,125 | +€1,125 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €305,457 | €306,987 | +€1,530 | +0.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,200 | €0 | -€2,200 | -100.0% |
| Other operating charges | 640/8 | €35,553 | €29,918 | -€5,636 | -15.9% |
| Gross operating margin | 9900 | €389,020 | €535,869 | +€146,849 | +37.7% |
| Operating profit (loss) | 9901 | €45,811 | €198,965 | +€153,154 | +334.3% |
| Financial income | 75/76B | €8,287 | €7,578 | -€709 | -8.6% |
| Recurring financial income | 75 | €8,287 | €7,578 | -€709 | -8.6% |
| Financial charges | 65/66B | €59,240 | €63,552 | +€4,313 | +7.3% |
| Recurring financial charges | 65 | €59,240 | €63,552 | +€4,313 | +7.3% |
| Profit (loss) for the period before taxes | 9903 | -€5,142 | €142,991 | +€148,133 | |
| Income taxes | 67/77 | €4,403 | €43,230 | +€38,828 | +882.0% |
| Profit (loss) for the period | 9904 | -€9,544 | €99,760 | +€109,305 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,544 | €99,760 | +€109,305 |
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 8 October 2026 via checked.be.