JERO: 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.
JERO
Largest movements
- Receivables within one year +€10,292
up €10,292 (+39.1%), from €26,306 to €36,598
of which Trade receivables: +€10,292
- Cash -€9,578
down €9,578 (-82.2%), from €11,657 to €2,079
mainly Investment in fixed assets (net) (-€13,618) and Receivables within one year (-€10,292)
- Tangible fixed assets +€1,261
up €1,261 (+5.2%), from €24,109 to €25,370
of which Furniture and vehicles: +€2,855
- Deferred charges and accrued income +€1,245
up €1,245 (+996.2%), from €125 to €1,370
- Other debts -€8,267
down €8,267 (-34.1%), from €24,241 to €15,974
- Debts after one year +€7,371
new in 2025: €7,371
- Current portion of long-term debt +€4,203
new in 2025: €4,203
- Profit (loss) carried forward -€3,922
down €3,922 (-22.9%), from €17,127 to €13,205
- Trade debts +€2,983
up €2,983 (+108.0%), from €2,762 to €5,744
- Gross operating margin +€3,711
up €3,711 (+41.0%), from €9,050 to €12,762
- Depreciation +€2,595
up €2,595 (+26.4%), from €9,812 to €12,407
- Financial charges +€1,357
up €1,357 (+435.7%), from €311 to €1,668
- Taxes +€947
up €947 (+69.1%), from €1,371 to €2,318
- Financial income +€875
up €875 (+700.0%), from €125 to €1,000
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 | €62,623 | €65,793 | +€3,170 | +5.1% |
| Fixed assets | 21/28 | €24,535 | €25,746 | +€1,211 | +4.9% |
| Intangible fixed assets | 21 | €426 | €376 | -€50 | -11.7% |
| Tangible fixed assets | 22/27 | €24,109 | €25,370 | +€1,261 | +5.2% |
| Plant, machinery and equipment | 23 | €4,714 | €3,120 | -€1,594 | -33.8% |
| Furniture and vehicles | 24 | €19,395 | €22,250 | +€2,855 | +14.7% |
| Current assets | 29/58 | €38,088 | €40,047 | +€1,959 | +5.1% |
| Amounts receivable within one year | 40/41 | €26,306 | €36,598 | +€10,292 | +39.1% |
| Trade receivables | 40 | €1,306 | €11,598 | +€10,292 | +788.2% |
| Other amounts receivable | 41 | €25,000 | €25,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €11,657 | €2,079 | -€9,578 | -82.2% |
| Deferred charges and accrued income | 490/1 | €125 | €1,370 | +€1,245 | +996.2% |
| Total equity and liabilities | 10/49 | €62,623 | €65,793 | +€3,170 | +5.1% |
| Equity | 10/15 | €20,127 | €16,205 | -€3,922 | -19.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,127 | €13,205 | -€3,922 | -22.9% |
| Amounts payable | 17/49 | €42,496 | €49,588 | +€7,092 | +16.7% |
| Amounts payable after more than one year | 17 | - | €7,371 | +€7,371 | |
| Financial debts | 170/4 | - | €7,371 | +€7,371 | |
| Amounts payable within one year | 42/48 | €42,236 | €42,217 | -€19 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | - | €4,203 | +€4,203 | |
| Trade debts | 44 | €2,762 | €5,744 | +€2,983 | +108.0% |
| Suppliers | 440/4 | €2,762 | €5,744 | +€2,983 | +108.0% |
| Taxes, remuneration and social security | 45 | €15,234 | €16,296 | +€1,062 | +7.0% |
| Taxes | 450/3 | €15,234 | €16,296 | +€1,062 | +7.0% |
| Other amounts payable | 47/48 | €24,241 | €15,974 | -€8,267 | -34.1% |
| Accrued charges and deferred income | 492/3 | €260 | €0 | -€260 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,812 | €12,407 | +€2,595 | +26.4% |
| Other operating charges | 640/8 | €1,576 | €1,291 | -€286 | -18.1% |
| Gross operating margin | 9900 | €9,050 | €12,762 | +€3,711 | +41.0% |
| Operating profit (loss) | 9901 | -€2,338 | -€936 | +€1,402 | +60.0% |
| Financial income | 75/76B | €125 | €1,000 | +€875 | +700.0% |
| Recurring financial income | 75 | €125 | €1,000 | +€875 | +700.0% |
| Financial charges | 65/66B | €311 | €1,668 | +€1,357 | +435.7% |
| Recurring financial charges | 65 | €311 | €1,668 | +€1,357 | +435.7% |
| Profit (loss) for the period before taxes | 9903 | -€2,524 | -€1,604 | +€921 | +36.5% |
| Income taxes | 67/77 | €1,371 | €2,318 | +€947 | +69.1% |
| Profit (loss) for the period | 9904 | -€3,895 | -€3,922 | -€26 | -0.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,895 | -€3,922 | -€26 | -0.7% |
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 4 October 2026 via checked.be.