EJMCC: 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.
EJMCC
Largest movements
- Tangible fixed assets -€93,866
down €93,866 (-9.8%), from €960,187 to €866,321
of which Land and buildings: -€66,218
- Receivables within one year -€62,797
down €62,797 (-91.8%), from €68,415 to €5,618
of which Trade receivables: -€55,500
- Other debts -€173,176
down €173,176 (-71.7%), from €241,442 to €68,266
- Reserves +€50,037
up €50,037 (+52.7%), from €94,912 to €144,949
- Debts after one year -€38,916
down €38,916 (-6.1%), from €640,874 to €601,958
- Gross operating margin +€56,605
up €56,605 (+46.7%), from €121,181 to €177,786
- Taxes +€22,765
up €22,765 (+3891.5%), from €585 to €23,350
- Financial charges -€6,285
down €6,285 (-18.6%), from €33,737 to €27,452
- Depreciation -€5,500
down €5,500 (-6.8%), from €81,449 to €75,949
- Other operating charges -€3,158
down €3,158 (-76.0%), from €4,156 to €998
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 | €1,088,490 | €929,204 | -€159,286 | -14.6% |
| Fixed assets | 21/28 | €990,337 | €886,421 | -€103,916 | -10.5% |
| Intangible fixed assets | 21 | €30,150 | €20,100 | -€10,050 | -33.3% |
| Tangible fixed assets | 22/27 | €960,187 | €866,321 | -€93,866 | -9.8% |
| Land and buildings | 22 | €873,579 | €807,361 | -€66,218 | -7.6% |
| Other tangible fixed assets | 26 | €86,608 | €58,960 | -€27,648 | -31.9% |
| Current assets | 29/58 | €98,153 | €42,783 | -€55,370 | -56.4% |
| Amounts receivable within one year | 40/41 | €68,415 | €5,618 | -€62,797 | -91.8% |
| Trade receivables | 40 | €57,000 | €1,500 | -€55,500 | -97.4% |
| Other amounts receivable | 41 | €11,415 | €4,118 | -€7,297 | -63.9% |
| Cash at bank and in hand | 54/58 | €28,319 | €37,165 | +€8,846 | +31.2% |
| Deferred charges and accrued income | 490/1 | €1,419 | - | -€1,419 | |
| Total equity and liabilities | 10/49 | €1,088,490 | €929,204 | -€159,286 | -14.6% |
| Equity | 10/15 | €153,227 | €203,264 | +€50,037 | +32.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €94,912 | €144,949 | +€50,037 | +52.7% |
| Distributable reserves | 133 | €94,912 | €144,949 | +€50,037 | +52.7% |
| Profit (loss) carried forward | 14 | €39,715 | €39,715 | = | 0.0% |
| Amounts payable | 17/49 | €935,263 | €725,940 | -€209,323 | -22.4% |
| Amounts payable after more than one year | 17 | €640,874 | €601,958 | -€38,916 | -6.1% |
| Financial debts | 170/4 | €640,874 | €601,958 | -€38,916 | -6.1% |
| Amounts payable within one year | 42/48 | €293,540 | €123,982 | -€169,558 | -57.8% |
| Current portion of amounts payable after more than one year | 42 | €37,379 | €38,915 | +€1,536 | +4.1% |
| Financial debts | 43 | €8,284 | €11,797 | +€3,513 | +42.4% |
| Credit institutions | 430/8 | €8,284 | €11,797 | +€3,513 | +42.4% |
| Trade debts | 44 | €1,419 | - | -€1,419 | |
| Suppliers | 440/4 | €1,419 | - | -€1,419 | |
| Taxes, remuneration and social security | 45 | €5,016 | €5,004 | -€12 | -0.2% |
| Taxes | 450/3 | €5,016 | €5,004 | -€12 | -0.2% |
| Other amounts payable | 47/48 | €241,442 | €68,266 | -€173,176 | -71.7% |
| Accrued charges and deferred income | 492/3 | €849 | - | -€849 | |
| Non-recurring operating income | 76A | - | €117,033 | +€117,033 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,449 | €75,949 | -€5,500 | -6.8% |
| Other operating charges | 640/8 | €4,156 | €998 | -€3,158 | -76.0% |
| Gross operating margin | 9900 | €121,181 | €177,786 | +€56,605 | +46.7% |
| Operating profit (loss) | 9901 | €35,576 | €100,839 | +€65,263 | +183.4% |
| Financial charges | 65/66B | €33,737 | €27,452 | -€6,285 | -18.6% |
| Recurring financial charges | 65 | €33,737 | €27,452 | -€6,285 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | €1,839 | €73,387 | +€71,548 | +3890.6% |
| Income taxes | 67/77 | €585 | €23,350 | +€22,765 | +3891.5% |
| Profit (loss) for the period | 9904 | €1,254 | €50,037 | +€48,783 | +3890.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,254 | €50,037 | +€48,783 | +3890.2% |
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 3 October 2026 via checked.be.