Jerry en Ann: 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.
Jerry en Ann
Largest movements
- Tangible fixed assets +€95,129
up €95,129 (+855%), from €11,133 to €106,262
of which Plant, machinery and equipment: +€76,833
- Cash +€65,276
up €65,276 (+289%), from €22,565 to €87,841
mainly Debts after one year (+€176,303) and Depreciation (+€59,269)
- Intangible fixed assets -€35,700
no longer reported in 2025 (was €35,700)
- Receivables within one year -€8,630
down €8,630 (-62.5%), from €13,810 to €5,180
of which Trade receivables: -€5,810
- Stocks and contracts +€2,656
up €2,656 (+10.7%), from €24,801 to €27,457
- Debts after one year +€176,303
up €176,303 (+3,675%), from €4,797 to €181,100
- Profit (loss) carried forward -€70,453
down €70,453 (-45.0%), from -€156,396 to -€226,849
- Trade debts +€19,212
up €19,212 (+164%), from €11,702 to €30,914
- Short-term financial debts +€18,900
new in 2025: €18,900
- Current portion of long-term debt -€14,036
down €14,036 (-74.5%), from €18,833 to €4,797
- Gross operating margin -€26,350
down €26,350 (-49.4%), from €53,293 to €26,943
- Depreciation +€17,709
up €17,709 (+42.6%), from €41,559 to €59,269
- Staff costs -€10,639
down €10,639 (-23.6%), from €45,101 to €34,462
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 | €108,741 | €227,006 | +€118,265 | +109% |
| Fixed assets | 21/28 | €46,833 | €106,262 | +€59,429 | +127% |
| Intangible fixed assets | 21 | €35,700 | - | -€35,700 | |
| Tangible fixed assets | 22/27 | €11,133 | €106,262 | +€95,129 | +855% |
| Plant, machinery and equipment | 23 | €7,599 | €84,433 | +€76,833 | +1,011% |
| Furniture and vehicles | 24 | €276 | €18,667 | +€18,391 | +6,661% |
| Leasing and similar rights | 25 | €3,257 | €2,043 | -€1,214 | -37.3% |
| Other tangible fixed assets | 26 | - | €1,120 | +€1,120 | |
| Current assets | 29/58 | €61,908 | €120,745 | +€58,836 | +95.0% |
| Stocks and contracts in progress | 3 | €24,801 | €27,457 | +€2,656 | +10.7% |
| Stocks | 30/36 | €24,801 | €27,457 | +€2,656 | +10.7% |
| Amounts receivable within one year | 40/41 | €13,810 | €5,180 | -€8,630 | -62.5% |
| Trade receivables | 40 | €5,810 | - | -€5,810 | |
| Other amounts receivable | 41 | €8,000 | €5,180 | -€2,820 | -35.3% |
| Cash at bank and in hand | 54/58 | €22,565 | €87,841 | +€65,276 | +289% |
| Deferred charges and accrued income | 490/1 | €732 | €266 | -€466 | -63.6% |
| Total equity and liabilities | 10/49 | €108,741 | €227,006 | +€118,265 | +109% |
| Equity | 10/15 | -€116,634 | -€187,087 | -€70,453 | -60.4% |
| Contributions | 10/11 | €18,601 | €18,601 | = | 0.0% |
| Reserves | 13 | €21,161 | €21,161 | = | 0.0% |
| Distributable reserves | 133 | €21,161 | €21,161 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€156,396 | -€226,849 | -€70,453 | -45.0% |
| Amounts payable | 17/49 | €225,375 | €414,094 | +€188,719 | +83.7% |
| Amounts payable after more than one year | 17 | €4,797 | €181,100 | +€176,303 | +3,675% |
| Financial debts | 170/4 | €4,797 | €181,100 | +€176,303 | +3,675% |
| Amounts payable within one year | 42/48 | €214,794 | €232,994 | +€18,200 | +8.5% |
| Current portion of amounts payable after more than one year | 42 | €18,833 | €4,797 | -€14,036 | -74.5% |
| Financial debts | 43 | - | €18,900 | +€18,900 | |
| Other loans | 439 | - | €18,900 | +€18,900 | |
| Trade debts | 44 | €11,702 | €30,914 | +€19,212 | +164% |
| Suppliers | 440/4 | €11,702 | €30,914 | +€19,212 | +164% |
| Taxes, remuneration and social security | 45 | €20,139 | €18,991 | -€1,148 | -5.7% |
| Taxes | 450/3 | €5,334 | €7,717 | +€2,383 | +44.7% |
| Remuneration and social security | 454/9 | €14,805 | €11,274 | -€3,531 | -23.9% |
| Other amounts payable | 47/48 | €164,121 | €159,393 | -€4,728 | -2.9% |
| Accrued charges and deferred income | 492/3 | €5,785 | - | -€5,785 | |
| Remuneration, social security and pensions | 62 | €45,101 | €34,462 | -€10,639 | -23.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,559 | €59,269 | +€17,709 | +42.6% |
| Other operating charges | 640/8 | €835 | €928 | +€93 | +11.2% |
| Gross operating margin | 9900 | €53,293 | €26,943 | -€26,350 | -49.4% |
| Operating profit (loss) | 9901 | -€34,202 | -€67,716 | -€33,514 | -98.0% |
| Financial income | 75/76B | €0 | €47 | +€47 | +469,000% |
| Recurring financial income | 75 | €0 | €47 | +€47 | +469,000% |
| Financial charges | 65/66B | €3,211 | €2,784 | -€427 | -13.3% |
| Recurring financial charges | 65 | €3,211 | €2,784 | -€427 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | -€37,413 | -€70,453 | -€33,040 | -88.3% |
| Profit (loss) for the period | 9904 | -€37,413 | -€70,453 | -€33,040 | -88.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,413 | -€70,453 | -€33,040 | -88.3% |
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 31 October 2026 via checked.be.