Jer.Ko: 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.
Jer.Ko
Largest movements
- Receivables within one year +€21,802
up €21,802 (+50.6%), from €43,078 to €64,881
- Cash +€15,030
up €15,030 (+251.8%), from €5,969 to €20,999
mainly Net result for the year (+€63,335) and Depreciation (+€41,414)
- Tangible fixed assets -€9,040
down €9,040 (-1.9%), from €487,700 to €478,660
of which Land and buildings: -€21,680
- Reserves +€63,335
up €63,335 (+146.9%), from €43,116 to €106,451
- Profit (loss) carried forward -€55,000
down €55,000 (-64.1%), from €85,811 to €30,811
- Debts after one year -€42,312
down €42,312 (-14.0%), from €302,795 to €260,483
- Other debts +€21,353
up €21,353 (+648.0%), from €3,295 to €24,648
- Tax, wage and social debts +€20,067
up €20,067 (+65.3%), from €30,736 to €50,803
- Gross operating margin +€59,394
up €59,394 (+62.3%), from €95,286 to €154,680
- Taxes +€18,541
up €18,541 (+110.8%), from €16,740 to €35,281
- Depreciation +€7,436
up €7,436 (+21.9%), from €33,978 to €41,414
- Other operating charges +€2,231
up €2,231 (+53.6%), from €4,159 to €6,390
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 | €542,303 | €569,494 | +€27,191 | +5.0% |
| Fixed assets | 21/28 | €487,700 | €478,660 | -€9,040 | -1.9% |
| Tangible fixed assets | 22/27 | €487,700 | €478,660 | -€9,040 | -1.9% |
| Land and buildings | 22 | €419,120 | €397,440 | -€21,680 | -5.2% |
| Plant, machinery and equipment | 23 | €14,770 | €39,210 | +€24,440 | +165.5% |
| Furniture and vehicles | 24 | €53,810 | €42,010 | -€11,800 | -21.9% |
| Current assets | 29/58 | €54,603 | €90,834 | +€36,231 | +66.4% |
| Amounts receivable within one year | 40/41 | €43,078 | €64,881 | +€21,802 | +50.6% |
| Trade receivables | 40 | €43,078 | €64,881 | +€21,802 | +50.6% |
| Current investments | 50/53 | - | €500 | +€500 | |
| Cash at bank and in hand | 54/58 | €5,969 | €20,999 | +€15,030 | +251.8% |
| Deferred charges and accrued income | 490/1 | €5,556 | €4,454 | -€1,102 | -19.8% |
| Total equity and liabilities | 10/49 | €542,303 | €569,494 | +€27,191 | +5.0% |
| Equity | 10/15 | €147,527 | €155,862 | +€8,335 | +5.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €43,116 | €106,451 | +€63,335 | +146.9% |
| Distributable reserves | 133 | €43,116 | €106,451 | +€63,335 | +146.9% |
| Profit (loss) carried forward | 14 | €85,811 | €30,811 | -€55,000 | -64.1% |
| Amounts payable | 17/49 | €394,776 | €413,632 | +€18,857 | +4.8% |
| Amounts payable after more than one year | 17 | €302,795 | €260,483 | -€42,312 | -14.0% |
| Financial debts | 170/4 | €302,795 | €260,483 | -€42,312 | -14.0% |
| Amounts payable within one year | 42/48 | €91,981 | €153,150 | +€61,169 | +66.5% |
| Current portion of amounts payable after more than one year | 42 | €45,230 | €42,312 | -€2,918 | -6.5% |
| Financial debts | 43 | - | €5,046 | +€5,046 | |
| Credit institutions | 430/8 | - | €5,046 | +€5,046 | |
| Trade debts | 44 | €12,720 | €30,340 | +€17,620 | +138.5% |
| Suppliers | 440/4 | €12,720 | €30,340 | +€17,620 | +138.5% |
| Taxes, remuneration and social security | 45 | €30,736 | €50,803 | +€20,067 | +65.3% |
| Taxes | 450/3 | €30,736 | €50,803 | +€20,067 | +65.3% |
| Other amounts payable | 47/48 | €3,295 | €24,648 | +€21,353 | +648.0% |
| Remuneration, social security and pensions | 62 | €407 | - | -€407 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,978 | €41,414 | +€7,436 | +21.9% |
| Other operating charges | 640/8 | €4,159 | €6,390 | +€2,231 | +53.6% |
| Gross operating margin | 9900 | €95,286 | €154,680 | +€59,394 | +62.3% |
| Operating profit (loss) | 9901 | €56,742 | €106,876 | +€50,134 | +88.4% |
| Financial income | 75/76B | - | €9 | +€9 | |
| Recurring financial income | 75 | - | €9 | +€9 | |
| Financial charges | 65/66B | €8,569 | €8,269 | -€300 | -3.5% |
| Recurring financial charges | 65 | €8,569 | €8,269 | -€300 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | €48,173 | €98,615 | +€50,442 | +104.7% |
| Income taxes | 67/77 | €16,740 | €35,281 | +€18,541 | +110.8% |
| Profit (loss) for the period | 9904 | €31,433 | €63,335 | +€31,902 | +101.5% |
| Profit (loss) for the period to be appropriated | 9905 | €31,433 | €63,335 | +€31,902 | +101.5% |
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 29 September 2026 via checked.be.