JERPAS: 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.
JERPAS
Largest movements
- Cash +€25,657
up €25,657 (+43.1%), from €59,459 to €85,116
mainly Depreciation (+€25,313) and Accrued charges and deferred income (+€860)
- Tangible fixed assets -€25,313
down €25,313 (-11.7%), from €215,828 to €190,515
of which Land and buildings: -€24,314
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€1,355
up €1,355 (+4.8%), from €28,460 to €29,815
- Depreciation +€647
up €647 (+2.6%), from €24,666 to €25,313
- Other operating charges +€533
up €533 (+12.0%), from €4,430 to €4,963
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 | €275,288 | €275,631 | +€343 | +0.1% |
| Fixed assets | 21/28 | €215,828 | €190,515 | -€25,313 | -11.7% |
| Tangible fixed assets | 22/27 | €215,828 | €190,515 | -€25,313 | -11.7% |
| Land and buildings | 22 | €211,292 | €186,978 | -€24,314 | -11.5% |
| Plant, machinery and equipment | 23 | €4,537 | €3,537 | -€1,000 | -22.0% |
| Current assets | 29/58 | €59,459 | €85,116 | +€25,657 | +43.1% |
| Cash at bank and in hand | 54/58 | €59,459 | €85,116 | +€25,657 | +43.1% |
| Total equity and liabilities | 10/49 | €275,288 | €275,631 | +€343 | +0.1% |
| Equity | 10/15 | -€100,377 | -€100,894 | -€517 | -0.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€118,977 | -€119,494 | -€517 | -0.4% |
| Amounts payable | 17/49 | €375,665 | €376,525 | +€860 | +0.2% |
| Amounts payable within one year | 42/48 | €375,015 | €375,015 | = | 0.0% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Other amounts payable | 47/48 | €375,015 | €375,015 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €650 | €1,510 | +€860 | +132.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,666 | €25,313 | +€647 | +2.6% |
| Other operating charges | 640/8 | €4,430 | €4,963 | +€533 | +12.0% |
| Gross operating margin | 9900 | €28,460 | €29,815 | +€1,355 | +4.8% |
| Operating profit (loss) | 9901 | -€637 | -€462 | +€175 | +27.4% |
| Financial income | 75/76B | €18 | - | -€18 | |
| Recurring financial income | 75 | €18 | - | -€18 | |
| Financial charges | 65/66B | €45 | €55 | +€10 | +21.4% |
| Recurring financial charges | 65 | €45 | €55 | +€10 | +21.4% |
| Profit (loss) for the period before taxes | 9903 | -€664 | -€517 | +€147 | +22.2% |
| Profit (loss) for the period | 9904 | -€664 | -€517 | +€147 | +22.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€664 | -€517 | +€147 | +22.2% |
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 28 September 2026 via checked.be.