JERITOP: 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.
JERITOP
Largest movements
- Tangible fixed assets -€107,100
down €107,100 (-13.1%), from €818,922 to €711,822
of which Plant, machinery and equipment: -€68,345
- Debts after one year -€116,272
down €116,272 (-19.1%), from €610,280 to €494,008
of which Financial debts: -€121,672
- Profit (loss) carried forward +€29,285
up €29,285, from -€29,285 to €0
- Short-term financial debts -€18,830
down €18,830 (-100%), from €18,830 to €0
- Trade debts -€17,777
down €17,777 (-13.7%), from €129,547 to €111,770
- Reserves +€16,333
up €16,333 (+18.7%), from €87,374 to €103,707
of which Non-distributable reserves: +€9,000
- Gross operating margin +€24,028
up €24,028 (+10.2%), from €234,622 to €258,650
- Staff costs -€19,942
down €19,942 (-24.9%), from €79,954 to €60,012
- Taxes +€10,476
up €10,476 (+4,202%), from €249 to €10,725
- Financial charges -€3,197
down €3,197 (-12.0%), from €26,711 to €23,514
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 | €1,004,588 | €907,474 | -€97,114 | -9.7% |
| Fixed assets | 21/28 | €819,935 | €712,514 | -€107,422 | -13.1% |
| Intangible fixed assets | 21 | €1,014 | €692 | -€322 | -31.8% |
| Tangible fixed assets | 22/27 | €818,922 | €711,822 | -€107,100 | -13.1% |
| Land and buildings | 22 | €542,054 | €517,712 | -€24,342 | -4.5% |
| Plant, machinery and equipment | 23 | €186,410 | €118,064 | -€68,345 | -36.7% |
| Furniture and vehicles | 24 | €90,458 | €76,046 | -€14,412 | -15.9% |
| Current assets | 29/58 | €184,653 | €194,960 | +€10,308 | +5.6% |
| Stocks and contracts in progress | 3 | €30,520 | €37,105 | +€6,585 | +21.6% |
| Stocks | 30/36 | €30,520 | €37,105 | +€6,585 | +21.6% |
| Amounts receivable within one year | 40/41 | €135,510 | €137,108 | +€1,598 | +1.2% |
| Trade receivables | 40 | €129,820 | €129,430 | -€391 | -0.3% |
| Other amounts receivable | 41 | €5,690 | €7,678 | +€1,988 | +34.9% |
| Current investments | 50/53 | - | €9,000 | +€9,000 | |
| Cash at bank and in hand | 54/58 | €2,672 | €3,994 | +€1,322 | +49.5% |
| Deferred charges and accrued income | 490/1 | €15,951 | €7,754 | -€8,197 | -51.4% |
| Total equity and liabilities | 10/49 | €1,004,588 | €907,474 | -€97,114 | -9.7% |
| Equity | 10/15 | €100,089 | €145,707 | +€45,618 | +45.6% |
| Contributions | 10/11 | €42,000 | €42,000 | = | 0.0% |
| Reserves | 13 | €87,374 | €103,707 | +€16,333 | +18.7% |
| Non-distributable reserves | 130/1 | €0 | €9,000 | +€9,000 | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Other | 1319 | - | €9,000 | +€9,000 | |
| Distributable reserves | 133 | €87,374 | €94,707 | +€7,333 | +8.4% |
| Profit (loss) carried forward | 14 | -€29,285 | €0 | +€29,285 | |
| Amounts payable | 17/49 | €904,498 | €761,767 | -€142,731 | -15.8% |
| Amounts payable after more than one year | 17 | €610,280 | €494,008 | -€116,272 | -19.1% |
| Financial debts | 170/4 | €610,280 | €488,608 | -€121,672 | -19.9% |
| Other amounts payable | 178/9 | - | €5,400 | +€5,400 | |
| Amounts payable within one year | 42/48 | €289,708 | €262,825 | -€26,883 | -9.3% |
| Current portion of amounts payable after more than one year | 42 | €127,251 | €125,272 | -€1,980 | -1.6% |
| Financial debts | 43 | €18,830 | €0 | -€18,830 | -100% |
| Credit institutions | 430/8 | €18,830 | €0 | -€18,830 | -100% |
| Trade debts | 44 | €129,547 | €111,770 | -€17,777 | -13.7% |
| Suppliers | 440/4 | €129,547 | €111,770 | -€17,777 | -13.7% |
| Taxes, remuneration and social security | 45 | €14,080 | €25,783 | +€11,704 | +83.1% |
| Taxes | 450/3 | €3,975 | €15,016 | +€11,041 | +278% |
| Remuneration and social security | 454/9 | €10,105 | €10,768 | +€663 | +6.6% |
| Accrued charges and deferred income | 492/3 | €4,510 | €4,934 | +€423 | +9.4% |
| Remuneration, social security and pensions | 62 | €79,954 | €60,012 | -€19,942 | -24.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €110,619 | €108,799 | -€1,820 | -1.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €12,689 | €10,241 | -€2,448 | -19.3% |
| Gross operating margin | 9900 | €234,622 | €258,650 | +€24,028 | +10.2% |
| Operating profit (loss) | 9901 | €31,360 | €79,597 | +€48,237 | +154% |
| Financial income | 75/76B | €112 | €260 | +€148 | +132% |
| Recurring financial income | 75 | €112 | €260 | +€148 | +132% |
| Financial charges | 65/66B | €26,711 | €23,514 | -€3,197 | -12.0% |
| Recurring financial charges | 65 | €26,711 | €23,514 | -€3,197 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €4,761 | €56,342 | +€51,582 | +1,084% |
| Income taxes | 67/77 | €249 | €10,725 | +€10,476 | +4,202% |
| Profit (loss) for the period | 9904 | €4,511 | €45,618 | +€41,106 | +911% |
| Profit (loss) for the period to be appropriated | 9905 | €4,511 | €45,618 | +€41,106 | +911% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.