JERVAN: 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.
JERVAN
Largest movements
- Receivables within one year -€4,833
down €4,833 (-7.5%), from €64,610 to €59,777
of which Trade receivables: -€14,587
- Cash -€1,184
down €1,184 (-21.7%), from €5,460 to €4,277
mainly Other debts (-€10,592) and Trade debts (-€2,496)
- Tangible fixed assets -€1,129
down €1,129 (-30.8%), from €3,664 to €2,535
- Other debts -€10,592
down €10,592 (-18.0%), from €58,974 to €48,381
- Profit (loss) carried forward +€5,941
up €5,941 (+43.2%), from -€13,749 to -€7,807
- Trade debts -€2,496
down €2,496 (-94.2%), from €2,650 to €155
- Gross operating margin -€27,538
down €27,538 (-78.2%), from €35,227 to €7,689
- Other operating charges -€1,046
down €1,046 (-65.8%), from €1,590 to €544
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 | €73,735 | €66,589 | -€7,146 | -9.7% |
| Fixed assets | 21/28 | €3,664 | €2,535 | -€1,129 | -30.8% |
| Tangible fixed assets | 22/27 | €3,664 | €2,535 | -€1,129 | -30.8% |
| Plant, machinery and equipment | 23 | €3,664 | €2,535 | -€1,129 | -30.8% |
| Current assets | 29/58 | €70,071 | €64,053 | -€6,017 | -8.6% |
| Amounts receivable within one year | 40/41 | €64,610 | €59,777 | -€4,833 | -7.5% |
| Trade receivables | 40 | €14,587 | - | -€14,587 | |
| Other amounts receivable | 41 | €50,023 | €59,777 | +€9,754 | +19.5% |
| Cash at bank and in hand | 54/58 | €5,460 | €4,277 | -€1,184 | -21.7% |
| Total equity and liabilities | 10/49 | €73,735 | €66,589 | -€7,146 | -9.7% |
| Equity | 10/15 | €12,111 | €18,053 | +€5,941 | +49.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €5,860 | €5,860 | = | 0.0% |
| Distributable reserves | 133 | €5,860 | €5,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,749 | -€7,807 | +€5,941 | +43.2% |
| Amounts payable | 17/49 | €61,624 | €48,536 | -€13,088 | -21.2% |
| Amounts payable within one year | 42/48 | €61,624 | €48,536 | -€13,088 | -21.2% |
| Trade debts | 44 | €2,650 | €155 | -€2,496 | -94.2% |
| Suppliers | 440/4 | €2,650 | €155 | -€2,496 | -94.2% |
| Other amounts payable | 47/48 | €58,974 | €48,381 | -€10,592 | -18.0% |
| Non-recurring operating income | 76A | €14,161 | - | -€14,161 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €980 | €1,129 | +€149 | +15.2% |
| Other operating charges | 640/8 | €1,590 | €544 | -€1,046 | -65.8% |
| Gross operating margin | 9900 | €35,227 | €7,689 | -€27,538 | -78.2% |
| Operating profit (loss) | 9901 | €32,657 | €6,016 | -€26,641 | -81.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €138 | €75 | -€63 | -45.5% |
| Recurring financial charges | 65 | €138 | €75 | -€63 | -45.5% |
| Profit (loss) for the period before taxes | 9903 | €32,520 | €5,941 | -€26,578 | -81.7% |
| Profit (loss) for the period | 9904 | €32,520 | €5,941 | -€26,578 | -81.7% |
| Profit (loss) for the period to be appropriated | 9905 | €32,520 | €5,941 | -€26,578 | -81.7% |
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 6 October 2026 via checked.be.