Jermanco: 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.
Jermanco
Largest movements
- Cash +€57,728
up €57,728 (+223%), from €25,879 to €83,607
mainly Net result for the year (+€55,874) and Current investments (+€45,000)
- Current investments -€45,000
no longer reported in 2025 (was €45,000)
- Receivables within one year -€6,841
down €6,841 (-48.8%), from €14,005 to €7,164
of which Trade receivables: -€7,785
- Other debts +€31,413
up €31,413 (+1,562%), from €2,011 to €33,424
- Profit (loss) carried forward -€24,253
down €24,253 (-30.3%), from €80,128 to €55,874
- Tax, wage and social debts -€923
no longer reported in 2025 (was €923)
- Gross operating margin +€40,776
up €40,776 (+140%), from €29,105 to €69,881
- Taxes +€8,124
up €8,124 (+127%), from €6,373 to €14,497
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.
Derived cash bridge
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 | €86,218 | €91,798 | +€5,580 | +6.5% |
| Fixed assets | 21/28 | €1,335 | €1,027 | -€308 | -23.0% |
| Tangible fixed assets | 22/27 | €1,335 | €1,027 | -€308 | -23.0% |
| Furniture and vehicles | 24 | €1,335 | €1,027 | -€308 | -23.0% |
| Current assets | 29/58 | €84,884 | €90,771 | +€5,888 | +6.9% |
| Amounts receivable within one year | 40/41 | €14,005 | €7,164 | -€6,841 | -48.8% |
| Trade receivables | 40 | €10,285 | €2,500 | -€7,785 | -75.7% |
| Other amounts receivable | 41 | €3,720 | €4,664 | +€944 | +25.4% |
| Current investments | 50/53 | €45,000 | - | -€45,000 | |
| Cash at bank and in hand | 54/58 | €25,879 | €83,607 | +€57,728 | +223% |
| Total equity and liabilities | 10/49 | €86,218 | €91,798 | +€5,580 | +6.5% |
| Equity | 10/15 | €82,628 | €58,374 | -€24,253 | -29.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €80,128 | €55,874 | -€24,253 | -30.3% |
| Amounts payable | 17/49 | €3,590 | €33,424 | +€29,833 | +831% |
| Amounts payable within one year | 42/48 | €3,590 | €33,424 | +€29,833 | +831% |
| Trade debts | 44 | €656 | - | -€656 | |
| Suppliers | 440/4 | €656 | - | -€656 | |
| Taxes, remuneration and social security | 45 | €923 | - | -€923 | |
| Taxes | 450/3 | €923 | - | -€923 | |
| Other amounts payable | 47/48 | €2,011 | €33,424 | +€31,413 | +1,562% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €203 | €308 | +€104 | +51.2% |
| Other operating charges | 640/8 | €203 | - | -€203 | |
| Gross operating margin | 9900 | €29,105 | €69,881 | +€40,776 | +140% |
| Operating profit (loss) | 9901 | €28,698 | €69,574 | +€40,875 | +142% |
| Financial income | 75/76B | €542 | €1,109 | +€567 | +105% |
| Recurring financial income | 75 | €542 | €1,109 | +€567 | +105% |
| Financial charges | 65/66B | €381 | €312 | -€69 | -18.2% |
| Recurring financial charges | 65 | €381 | €312 | -€69 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | €28,860 | €70,371 | +€41,512 | +144% |
| Income taxes | 67/77 | €6,373 | €14,497 | +€8,124 | +127% |
| Profit (loss) for the period | 9904 | €22,486 | €55,874 | +€33,388 | +148% |
| Profit (loss) for the period to be appropriated | 9905 | €22,486 | €55,874 | +€33,388 | +148% |
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 19 October 2026 via checked.be.