JERVIC: 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.
JERVIC
Largest movements
- Cash -€136,961
down €136,961 (-76.0%), from €180,188 to €43,226
mainly Receivables within one year (-€134,635) and Other debts (-€35,617)
- Receivables within one year +€134,635
up €134,635 (+501.0%), from €26,872 to €161,507
of which Other amounts receivable: +€135,185
- Tangible fixed assets -€39,799
down €39,799 (-4.0%), from €991,650 to €951,852
- Tax, wage and social debts +€39,110
new in 2025: €39,110
- Other debts -€35,617
down €35,617 (-100.0%), from €35,617 to €0
- Debts after one year -€27,027
down €27,027 (-3.9%), from €695,503 to €668,476
- Profit (loss) carried forward -€19,381
down €19,381, from €0 to -€19,381
- Gross operating margin -€458,536
down €458,536 (-88.5%), from €518,078 to €59,543
- Taxes -€34,430
down €34,430 (-93.6%), from €36,770 to €2,340
- Financial charges -€31,537
down €31,537 (-48.9%), from €64,495 to €32,957
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 | €1,198,711 | €1,156,585 | -€42,125 | -3.5% |
| Fixed assets | 21/28 | €991,650 | €951,852 | -€39,799 | -4.0% |
| Tangible fixed assets | 22/27 | €991,650 | €951,852 | -€39,799 | -4.0% |
| Land and buildings | 22 | €991,650 | €951,852 | -€39,799 | -4.0% |
| Current assets | 29/58 | €207,060 | €204,734 | -€2,326 | -1.1% |
| Amounts receivable within one year | 40/41 | €26,872 | €161,507 | +€134,635 | +501.0% |
| Trade receivables | 40 | €550 | €0 | -€550 | -100.0% |
| Other amounts receivable | 41 | €26,322 | €161,507 | +€135,185 | +513.6% |
| Cash at bank and in hand | 54/58 | €180,188 | €43,226 | -€136,961 | -76.0% |
| Total equity and liabilities | 10/49 | €1,198,711 | €1,156,585 | -€42,125 | -3.5% |
| Equity | 10/15 | €441,353 | €421,972 | -€19,381 | -4.4% |
| Contributions | 10/11 | €371,840 | €371,840 | = | 0.0% |
| Capital | 10 | €371,840 | €371,840 | = | 0.0% |
| Issued capital | 100 | €371,840 | €371,840 | = | 0.0% |
| Reserves | 13 | €69,513 | €69,513 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,476 | €3,476 | = | 0.0% |
| Legal reserve | 130 | €3,476 | €3,476 | = | 0.0% |
| Distributable reserves | 133 | €66,037 | €66,037 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€19,381 | -€19,381 | |
| Amounts payable | 17/49 | €757,358 | €734,613 | -€22,744 | -3.0% |
| Amounts payable after more than one year | 17 | €695,503 | €668,476 | -€27,027 | -3.9% |
| Financial debts | 170/4 | €695,503 | €668,476 | -€27,027 | -3.9% |
| Amounts payable within one year | 42/48 | €61,855 | €66,138 | +€4,283 | +6.9% |
| Current portion of amounts payable after more than one year | 42 | €25,850 | €27,027 | +€1,177 | +4.6% |
| Trade debts | 44 | €387 | €0 | -€387 | -100.0% |
| Suppliers | 440/4 | €387 | €0 | -€387 | -100.0% |
| Taxes, remuneration and social security | 45 | - | €39,110 | +€39,110 | |
| Taxes | 450/3 | - | €39,110 | +€39,110 | |
| Other amounts payable | 47/48 | €35,617 | €0 | -€35,617 | -100.0% |
| Non-recurring operating income | 76A | €469,597 | €0 | -€469,597 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,799 | €39,799 | = | 0.0% |
| Other operating charges | 640/8 | €5,331 | €3,828 | -€1,504 | -28.2% |
| Gross operating margin | 9900 | €518,078 | €59,543 | -€458,536 | -88.5% |
| Operating profit (loss) | 9901 | €472,948 | €15,916 | -€457,032 | -96.6% |
| Financial charges | 65/66B | €64,495 | €32,957 | -€31,537 | -48.9% |
| Recurring financial charges | 65 | €64,495 | €32,957 | -€31,537 | -48.9% |
| Profit (loss) for the period before taxes | 9903 | €408,453 | -€17,041 | -€425,494 | |
| Income taxes | 67/77 | €36,770 | €2,340 | -€34,430 | -93.6% |
| Profit (loss) for the period | 9904 | €371,683 | -€19,381 | -€391,064 | |
| Profit (loss) for the period to be appropriated | 9905 | €371,683 | -€19,381 | -€391,064 |
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 30 September 2026 via checked.be.