JEROME-GRANITS: 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.
JEROME-GRANITS
Largest movements
- Current investments +€200,000
new in 2025: €200,000
- Cash -€88,618
down €88,618 (-17.9%), from €494,313 to €405,696
mainly Current investments (-€200,000) and Contributions, distributions and other (-€120,000)
- Stocks and contracts +€26,478
up €26,478 (+15.4%), from €171,509 to €197,987
- Receivables within one year +€26,286
up €26,286 (+10.9%), from €240,651 to €266,937
of which Other amounts receivable: +€56,683
- Tangible fixed assets -€25,146
down €25,146 (-21.5%), from €116,941 to €91,795
of which Furniture and vehicles: -€20,921
- Other debts +€120,000
new in 2025: €120,000
- Trade debts +€84,003
up €84,003 (+155%), from €54,054 to €138,057
- Profit (loss) carried forward -€70,451
down €70,451 (-17.5%), from €403,127 to €332,676
- Current portion of long-term debt -€20,140
down €20,140 (-86.4%), from €23,318 to €3,178
- Gross operating margin +€75,009
up €75,009 (+22.1%), from €339,976 to €414,985
- Taxes +€70,585
up €70,585, from -€15,038 to €55,547
- Staff costs +€33,748
up €33,748 (+15.7%), from €214,442 to €248,190
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 | €1,145,051 | €1,270,544 | +€125,492 | +11.0% |
| Fixed assets | 21/28 | €223,485 | €173,339 | -€50,146 | -22.4% |
| Tangible fixed assets | 22/27 | €116,941 | €91,795 | -€25,146 | -21.5% |
| Land and buildings | 22 | - | €12,044 | +€12,044 | |
| Plant, machinery and equipment | 23 | €28,262 | €20,050 | -€8,213 | -29.1% |
| Furniture and vehicles | 24 | €34,487 | €13,566 | -€20,921 | -60.7% |
| Other tangible fixed assets | 26 | €54,192 | €46,136 | -€8,056 | -14.9% |
| Financial fixed assets | 28 | €106,543 | €81,543 | -€25,000 | -23.5% |
| Current assets | 29/58 | €921,566 | €1,097,205 | +€175,639 | +19.1% |
| Stocks and contracts in progress | 3 | €171,509 | €197,987 | +€26,478 | +15.4% |
| Stocks | 30/36 | €171,509 | €197,987 | +€26,478 | +15.4% |
| Amounts receivable within one year | 40/41 | €240,651 | €266,937 | +€26,286 | +10.9% |
| Trade receivables | 40 | €162,431 | €132,034 | -€30,397 | -18.7% |
| Other amounts receivable | 41 | €78,220 | €134,902 | +€56,683 | +72.5% |
| Current investments | 50/53 | - | €200,000 | +€200,000 | |
| Cash at bank and in hand | 54/58 | €494,313 | €405,696 | -€88,618 | -17.9% |
| Deferred charges and accrued income | 490/1 | €15,093 | €26,586 | +€11,493 | +76.1% |
| Total equity and liabilities | 10/49 | €1,145,051 | €1,270,544 | +€125,492 | +11.0% |
| Equity | 10/15 | €981,696 | €911,245 | -€70,451 | -7.2% |
| Contributions | 10/11 | €32,362 | €32,362 | = | 0.0% |
| Contributions outside capital | 11 | €32,362 | €32,362 | = | 0.0% |
| Other | 1109/19 | €32,362 | €32,362 | = | 0.0% |
| Reserves | 13 | €532,134 | €532,134 | = | 0.0% |
| Tax-exempt reserves | 132 | €72,134 | €72,134 | = | 0.0% |
| Distributable reserves | 133 | €460,000 | €460,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €403,127 | €332,676 | -€70,451 | -17.5% |
| Investment grants | 15 | €14,073 | €14,073 | = | 0.0% |
| Provisions and deferred taxes | 16 | €12,688 | €12,688 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €12,688 | €12,688 | = | 0.0% |
| Other liabilities and charges | 164/5 | €12,688 | €12,688 | = | 0.0% |
| Amounts payable | 17/49 | €150,667 | €346,611 | +€195,944 | +130% |
| Amounts payable after more than one year | 17 | €42,852 | €53,413 | +€10,561 | +24.6% |
| Financial debts | 170/4 | €42,852 | €53,413 | +€10,561 | +24.6% |
| Amounts payable within one year | 42/48 | €92,013 | €274,511 | +€182,497 | +198% |
| Current portion of amounts payable after more than one year | 42 | €23,318 | €3,178 | -€20,140 | -86.4% |
| Trade debts | 44 | €54,054 | €138,057 | +€84,003 | +155% |
| Suppliers | 440/4 | €54,054 | €138,057 | +€84,003 | +155% |
| Advances received on contracts in progress | 46 | €439 | €439 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €14,203 | €12,837 | -€1,366 | -9.6% |
| Taxes | 450/3 | €1,155 | €12,837 | +€11,682 | +1,012% |
| Remuneration and social security | 454/9 | €13,048 | - | -€13,048 | |
| Other amounts payable | 47/48 | - | €120,000 | +€120,000 | |
| Accrued charges and deferred income | 492/3 | €15,801 | €18,687 | +€2,886 | +18.3% |
| Remuneration, social security and pensions | 62 | €214,442 | €248,190 | +€33,748 | +15.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,122 | €39,841 | -€3,281 | -7.6% |
| Other operating charges | 640/8 | €18,980 | €19,206 | +€226 | +1.2% |
| Gross operating margin | 9900 | €339,976 | €414,985 | +€75,009 | +22.1% |
| Operating profit (loss) | 9901 | €63,432 | €107,748 | +€44,316 | +69.9% |
| Financial income | 75/76B | €1,470 | €3,523 | +€2,053 | +140% |
| Recurring financial income | 75 | €717 | €2,581 | +€1,864 | +260% |
| Non-recurring financial income | 76B | €753 | €942 | +€189 | +25.0% |
| Financial charges | 65/66B | €3,382 | €6,176 | +€2,794 | +82.6% |
| Recurring financial charges | 65 | €3,382 | €6,176 | +€2,794 | +82.6% |
| Profit (loss) for the period before taxes | 9903 | €61,520 | €105,095 | +€43,575 | +70.8% |
| Income taxes | 67/77 | -€15,038 | €55,547 | +€70,585 | |
| Profit (loss) for the period | 9904 | €76,558 | €49,549 | -€27,009 | -35.3% |
| Profit (loss) for the period to be appropriated | 9905 | €76,558 | €49,549 | -€27,009 | -35.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.