VG JEROME: 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.
VG JEROME
Largest movements
- Receivables within one year +€245,063
up €245,063 (+237.2%), from €103,313 to €348,376
of which Trade receivables: +€245,063
- Tangible fixed assets -€7,700
down €7,700 (-26.9%), from €28,585 to €20,885
- Cash +€6,991
up €6,991 (+272.8%), from €2,563 to €9,553
mainly Net result for the year (+€241,602) and Tax, wage and social debts (+€95,012)
- Profit (loss) carried forward +€241,602
up €241,602 (+98.6%), from -€245,009 to -€3,407
- Tax, wage and social debts +€95,012
up €95,012 (+288.1%), from €32,980 to €127,993
- Trade debts -€91,599
down €91,599 (-64.4%), from €142,280 to €50,681
- Gross operating margin +€143,805
up €143,805 (+71.1%), from €202,254 to €346,059
- Taxes +€66,048
up €66,048 (+301.6%), from €21,901 to €87,949
- Other operating charges -€56,386
down €56,386 (-86.6%), from €65,093 to €8,708
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 | €160,711 | €405,727 | +€245,016 | +152.5% |
| Fixed assets | 21/28 | €41,364 | €33,664 | -€7,700 | -18.6% |
| Tangible fixed assets | 22/27 | €28,585 | €20,885 | -€7,700 | -26.9% |
| Plant, machinery and equipment | 23 | €28,585 | €20,885 | -€7,700 | -26.9% |
| Financial fixed assets | 28 | €12,779 | €12,779 | = | 0.0% |
| Current assets | 29/58 | €119,347 | €372,063 | +€252,716 | +211.7% |
| Amounts receivable within one year | 40/41 | €103,313 | €348,376 | +€245,063 | +237.2% |
| Trade receivables | 40 | €39,230 | €284,292 | +€245,063 | +624.7% |
| Other amounts receivable | 41 | €64,083 | €64,083 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,563 | €9,553 | +€6,991 | +272.8% |
| Deferred charges and accrued income | 490/1 | €13,472 | €14,134 | +€662 | +4.9% |
| Total equity and liabilities | 10/49 | €160,711 | €405,727 | +€245,016 | +152.5% |
| Equity | 10/15 | -€14,549 | €227,053 | +€241,602 | |
| Contributions | 10/11 | €218,600 | €218,600 | = | 0.0% |
| Reserves | 13 | €11,860 | €11,860 | = | 0.0% |
| Distributable reserves | 133 | €11,860 | €11,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€245,009 | -€3,407 | +€241,602 | +98.6% |
| Amounts payable | 17/49 | €175,260 | €178,674 | +€3,413 | +1.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €175,260 | €178,674 | +€3,413 | +1.9% |
| Trade debts | 44 | €142,280 | €50,681 | -€91,599 | -64.4% |
| Suppliers | 440/4 | €142,280 | €50,681 | -€91,599 | -64.4% |
| Taxes, remuneration and social security | 45 | €32,980 | €127,993 | +€95,012 | +288.1% |
| Taxes | 450/3 | €32,980 | €127,993 | +€95,012 | +288.1% |
| Non-recurring operating income | 76A | - | €11,862 | +€11,862 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,700 | €7,700 | = | 0.0% |
| Other operating charges | 640/8 | €65,093 | €8,708 | -€56,386 | -86.6% |
| Gross operating margin | 9900 | €202,254 | €346,059 | +€143,805 | +71.1% |
| Operating profit (loss) | 9901 | €129,461 | €329,652 | +€200,191 | +154.6% |
| Financial charges | 65/66B | €415 | €100 | -€315 | -75.8% |
| Recurring financial charges | 65 | €415 | €100 | -€315 | -75.8% |
| Profit (loss) for the period before taxes | 9903 | €129,046 | €329,551 | +€200,506 | +155.4% |
| Income taxes | 67/77 | €21,901 | €87,949 | +€66,048 | +301.6% |
| Profit (loss) for the period | 9904 | €107,145 | €241,602 | +€134,457 | +125.5% |
| Profit (loss) for the period to be appropriated | 9905 | €107,145 | €241,602 | +€134,457 | +125.5% |
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.