JERSCO: 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.
JERSCO
Largest movements
- Cash +€202,783
up €202,783 (+155.6%), from €130,293 to €333,076
mainly Net result for the year (+€319,231) and Other debts (+€150,171)
- Financial fixed assets -€100,000
down €100,000 (-8.3%), from €1.2m to €1.1m
- Receivables within one year +€49,581
up €49,581 (+95.5%), from €51,904 to €101,485
of which Other amounts receivable: +€60,857
- Tangible fixed assets -€42,726
down €42,726 (-6.1%), from €699,050 to €656,324
of which Land and buildings: -€26,650
- Other debts +€150,171
up €150,171 (+145.5%), from €103,212 to €253,383
- Debts after one year -€141,168
down €141,168 (-17.9%), from €787,419 to €646,251
- Profit (loss) carried forward +€44,231
up €44,231 (+8.8%), from €499,902 to €544,133
- Tax, wage and social debts +€39,843
up €39,843 (+104.6%), from €38,079 to €77,923
of which Taxes: +€30,613
- Reserves +€25,000
up €25,000 (+6.7%), from €375,000 to €400,000
- Financial income +€199,900
up €199,900 (+98125.0%), from €204 to €200,104
- Gross operating margin +€65,141
up €65,141 (+17.0%), from €382,381 to €447,522
- Financial charges +€48,660
up €48,660 (+247.7%), from €19,643 to €68,303
- Taxes +€15,288
up €15,288 (+28.8%), from €53,024 to €68,312
- Staff costs +€10,240
up €10,240 (+8.4%), from €121,937 to €132,177
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 | €2,219,655 | €2,324,781 | +€105,126 | +4.7% |
| Fixed assets | 21/28 | €1,899,125 | €1,756,399 | -€142,726 | -7.5% |
| Tangible fixed assets | 22/27 | €699,050 | €656,324 | -€42,726 | -6.1% |
| Land and buildings | 22 | €627,332 | €600,683 | -€26,650 | -4.2% |
| Plant, machinery and equipment | 23 | €788 | €1,403 | +€615 | +78.0% |
| Furniture and vehicles | 24 | €12,064 | €10,623 | -€1,441 | -11.9% |
| Other tangible fixed assets | 26 | €58,866 | €43,616 | -€15,251 | -25.9% |
| Financial fixed assets | 28 | €1,200,075 | €1,100,075 | -€100,000 | -8.3% |
| Current assets | 29/58 | €320,530 | €568,382 | +€247,852 | +77.3% |
| Stocks and contracts in progress | 3 | €132,688 | €128,886 | -€3,802 | -2.9% |
| Stocks | 30/36 | €132,688 | €128,886 | -€3,802 | -2.9% |
| Amounts receivable within one year | 40/41 | €51,904 | €101,485 | +€49,581 | +95.5% |
| Trade receivables | 40 | €14,955 | €3,680 | -€11,275 | -75.4% |
| Other amounts receivable | 41 | €36,948 | €97,805 | +€60,857 | +164.7% |
| Cash at bank and in hand | 54/58 | €130,293 | €333,076 | +€202,783 | +155.6% |
| Deferred charges and accrued income | 490/1 | €5,645 | €4,934 | -€711 | -12.6% |
| Total equity and liabilities | 10/49 | €2,219,655 | €2,324,781 | +€105,126 | +4.7% |
| Equity | 10/15 | €904,902 | €974,133 | +€69,231 | +7.7% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Contributions outside capital | 11 | €30,000 | €30,000 | = | 0.0% |
| Other | 1109/19 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €375,000 | €400,000 | +€25,000 | +6.7% |
| Distributable reserves | 133 | €375,000 | €400,000 | +€25,000 | +6.7% |
| Profit (loss) carried forward | 14 | €499,902 | €544,133 | +€44,231 | +8.8% |
| Amounts payable | 17/49 | €1,314,753 | €1,350,648 | +€35,894 | +2.7% |
| Amounts payable after more than one year | 17 | €787,419 | €646,251 | -€141,168 | -17.9% |
| Financial debts | 170/4 | €787,419 | €646,251 | -€141,168 | -17.9% |
| Amounts payable within one year | 42/48 | €527,334 | €704,396 | +€177,062 | +33.6% |
| Current portion of amounts payable after more than one year | 42 | €146,354 | €141,168 | -€5,186 | -3.5% |
| Financial debts | 43 | €5 | €7,574 | +€7,569 | +151372.2% |
| Credit institutions | 430/8 | €5 | €7,574 | +€7,569 | +151372.2% |
| Trade debts | 44 | €239,684 | €224,350 | -€15,334 | -6.4% |
| Suppliers | 440/4 | €239,684 | €224,350 | -€15,334 | -6.4% |
| Taxes, remuneration and social security | 45 | €38,079 | €77,923 | +€39,843 | +104.6% |
| Taxes | 450/3 | €20,772 | €51,385 | +€30,613 | +147.4% |
| Remuneration and social security | 454/9 | €17,308 | €26,538 | +€9,230 | +53.3% |
| Other amounts payable | 47/48 | €103,212 | €253,383 | +€150,171 | +145.5% |
| Non-recurring operating income | 76A | €750 | €27,239 | +€26,489 | +3531.9% |
| Remuneration, social security and pensions | 62 | €121,937 | €132,177 | +€10,240 | +8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,043 | €47,180 | +€2,137 | +4.7% |
| Other operating charges | 640/8 | €11,091 | €12,422 | +€1,331 | +12.0% |
| Non-recurring operating charges | 66A | €850 | - | -€850 | |
| Gross operating margin | 9900 | €382,381 | €447,522 | +€65,141 | +17.0% |
| Operating profit (loss) | 9901 | €203,460 | €255,743 | +€52,283 | +25.7% |
| Financial income | 75/76B | €204 | €200,104 | +€199,900 | +98125.0% |
| Recurring financial income | 75 | €204 | €200,104 | +€199,900 | +98125.0% |
| Financial charges | 65/66B | €19,643 | €68,303 | +€48,660 | +247.7% |
| Recurring financial charges | 65 | €19,643 | €68,303 | +€48,660 | +247.7% |
| Profit (loss) for the period before taxes | 9903 | €184,021 | €387,543 | +€203,523 | +110.6% |
| Income taxes | 67/77 | €53,024 | €68,312 | +€15,288 | +28.8% |
| Profit (loss) for the period | 9904 | €130,996 | €319,231 | +€188,235 | +143.7% |
| Profit (loss) for the period to be appropriated | 9905 | €130,996 | €319,231 | +€188,235 | +143.7% |
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 10 October 2026 via checked.be.