JERSAN: 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.
JERSAN
Largest movements
- Receivables within one year +€54,825
up €54,825 (+46.2%), from €118,572 to €173,397
of which Other amounts receivable: +€59,643
- Stocks and contracts -€24,168
no longer reported in 2025 (was €24,168)
- Cash +€5,400
up €5,400 (+56.6%), from €9,536 to €14,936
mainly Trade debts (+€27,031) and Stocks and contracts (+€24,168)
- Deferred charges and accrued income +€2,043
up €2,043 (+96.4%), from €2,118 to €4,161
- Trade debts +€27,031
up €27,031 (+67.7%), from €39,916 to €66,947
- Reserves +€11,466
up €11,466 (+14.8%), from €77,302 to €88,768
of which Distributable reserves: +€13,326
- Tax, wage and social debts +€6,435
up €6,435 (+59.1%), from €10,890 to €17,325
- Short-term financial debts -€6,063
down €6,063 (-38.7%), from €15,678 to €9,615
- Debts after one year -€2,466
down €2,466 (-43.9%), from €5,621 to €3,155
- Gross operating margin -€7,653
down €7,653 (-23.8%), from €32,092 to €24,439
- Other operating charges -€3,759
down €3,759 (-52.5%), from €7,164 to €3,405
- Financial income +€2,914
up €2,914 (+605%), from €482 to €3,396
- Taxes -€728
down €728 (-8.8%), from €8,307 to €7,579
- Financial charges +€529
up €529 (+16.2%), from €3,261 to €3,790
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 | €158,216 | €194,722 | +€36,505 | +23.1% |
| Fixed assets | 21/28 | €3,822 | €2,227 | -€1,594 | -41.7% |
| Tangible fixed assets | 22/27 | €2,262 | €667 | -€1,594 | -70.5% |
| Plant, machinery and equipment | 23 | €463 | €85 | -€379 | -81.7% |
| Furniture and vehicles | 24 | €1,799 | €583 | -€1,216 | -67.6% |
| Financial fixed assets | 28 | €1,560 | €1,560 | = | 0.0% |
| Current assets | 29/58 | €154,394 | €192,494 | +€38,100 | +24.7% |
| Stocks and contracts in progress | 3 | €24,168 | - | -€24,168 | |
| Stocks | 30/36 | €24,168 | - | -€24,168 | |
| Amounts receivable within one year | 40/41 | €118,572 | €173,397 | +€54,825 | +46.2% |
| Trade receivables | 40 | €80,299 | €75,480 | -€4,819 | -6.0% |
| Other amounts receivable | 41 | €38,273 | €97,917 | +€59,643 | +156% |
| Cash at bank and in hand | 54/58 | €9,536 | €14,936 | +€5,400 | +56.6% |
| Deferred charges and accrued income | 490/1 | €2,118 | €4,161 | +€2,043 | +96.4% |
| Total equity and liabilities | 10/49 | €158,216 | €194,722 | +€36,505 | +23.1% |
| Equity | 10/15 | €83,802 | €95,268 | +€11,466 | +13.7% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €77,302 | €88,768 | +€11,466 | +14.8% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €75,442 | €88,768 | +€13,326 | +17.7% |
| Amounts payable | 17/49 | €74,414 | €99,453 | +€25,040 | +33.6% |
| Amounts payable after more than one year | 17 | €5,621 | €3,155 | -€2,466 | -43.9% |
| Financial debts | 170/4 | €5,621 | €3,155 | -€2,466 | -43.9% |
| Amounts payable within one year | 42/48 | €68,793 | €96,298 | +€27,505 | +40.0% |
| Current portion of amounts payable after more than one year | 42 | €2,308 | €2,411 | +€103 | +4.5% |
| Financial debts | 43 | €15,678 | €9,615 | -€6,063 | -38.7% |
| Credit institutions | 430/8 | €15,678 | €9,615 | -€6,063 | -38.7% |
| Trade debts | 44 | €39,916 | €66,947 | +€27,031 | +67.7% |
| Suppliers | 440/4 | €39,916 | €66,947 | +€27,031 | +67.7% |
| Taxes, remuneration and social security | 45 | €10,890 | €17,325 | +€6,435 | +59.1% |
| Taxes | 450/3 | €10,890 | €17,325 | +€6,435 | +59.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,031 | €1,594 | -€437 | -21.5% |
| Other operating charges | 640/8 | €7,164 | €3,405 | -€3,759 | -52.5% |
| Gross operating margin | 9900 | €32,092 | €24,439 | -€7,653 | -23.8% |
| Operating profit (loss) | 9901 | €22,896 | €19,439 | -€3,457 | -15.1% |
| Financial income | 75/76B | €482 | €3,396 | +€2,914 | +605% |
| Recurring financial income | 75 | €482 | €3,396 | +€2,914 | +605% |
| Financial charges | 65/66B | €3,261 | €3,790 | +€529 | +16.2% |
| Recurring financial charges | 65 | €3,261 | €3,790 | +€529 | +16.2% |
| Profit (loss) for the period before taxes | 9903 | €20,116 | €19,045 | -€1,071 | -5.3% |
| Income taxes | 67/77 | €8,307 | €7,579 | -€728 | -8.8% |
| Profit (loss) for the period | 9904 | €11,810 | €11,466 | -€344 | -2.9% |
| Profit (loss) for the period to be appropriated | 9905 | €11,810 | €11,466 | -€344 | -2.9% |
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 15 October 2026 via checked.be.