J.E.M. DIFFUSION: 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.
J.E.M. DIFFUSION
Largest movements
- Cash -€173,819
down €173,819 (-53.0%), from €327,728 to €153,909
mainly Stocks and contracts (-€103,460) and Other debts (-€71,403)
- Stocks and contracts +€103,460
up €103,460 (+24.7%), from €418,548 to €522,008
- Tangible fixed assets -€16,985
down €16,985 (-19.8%), from €85,757 to €68,773
of which Plant, machinery and equipment: -€17,840
- Other debts -€71,403
down €71,403 (-46.3%), from €154,111 to €82,708
- Reserves +€40,528
up €40,528 (+59.8%), from €67,755 to €108,283
of which Distributable reserves: +€40,528
- Trade debts -€38,350
down €38,350 (-16.3%), from €234,736 to €196,385
- Tax, wage and social debts -€13,327
down €13,327 (-15.9%), from €83,957 to €70,630
of which Taxes: -€17,275
- Gross operating margin -€49,768
down €49,768 (-13.9%), from €357,375 to €307,606
- Staff costs +€9,430
up €9,430 (+4.6%), from €202,958 to €212,388
- Taxes -€7,958
down €7,958 (-27.5%), from €28,941 to €20,983
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 | €900,251 | €817,711 | -€82,540 | -9.2% |
| Fixed assets | 21/28 | €93,979 | €82,615 | -€11,365 | -12.1% |
| Tangible fixed assets | 22/27 | €85,757 | €68,773 | -€16,985 | -19.8% |
| Land and buildings | 22 | €1,887 | €944 | -€944 | -50.0% |
| Plant, machinery and equipment | 23 | €71,763 | €53,924 | -€17,840 | -24.9% |
| Furniture and vehicles | 24 | €9,363 | €5,576 | -€3,787 | -40.5% |
| Other tangible fixed assets | 26 | €2,744 | €8,330 | +€5,586 | +204% |
| Financial fixed assets | 28 | €8,222 | €13,842 | +€5,620 | +68.4% |
| Current assets | 29/58 | €806,272 | €735,096 | -€71,175 | -8.8% |
| Stocks and contracts in progress | 3 | €418,548 | €522,008 | +€103,460 | +24.7% |
| Stocks | 30/36 | €418,548 | €522,008 | +€103,460 | +24.7% |
| Amounts receivable within one year | 40/41 | €57,023 | €56,616 | -€408 | -0.7% |
| Trade receivables | 40 | €57,023 | €56,616 | -€408 | -0.7% |
| Cash at bank and in hand | 54/58 | €327,728 | €153,909 | -€173,819 | -53.0% |
| Deferred charges and accrued income | 490/1 | €2,972 | €2,564 | -€409 | -13.7% |
| Total equity and liabilities | 10/49 | €900,251 | €817,711 | -€82,540 | -9.2% |
| Equity | 10/15 | €419,060 | €459,588 | +€40,528 | +9.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €67,755 | €108,283 | +€40,528 | +59.8% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €65,895 | €106,424 | +€40,528 | +61.5% |
| Profit (loss) carried forward | 14 | €332,713 | €332,713 | = | 0.0% |
| Amounts payable | 17/49 | €481,191 | €358,123 | -€123,068 | -25.6% |
| Amounts payable within one year | 42/48 | €480,804 | €357,723 | -€123,081 | -25.6% |
| Current portion of amounts payable after more than one year | 42 | €8,000 | €8,000 | = | 0.0% |
| Trade debts | 44 | €234,736 | €196,385 | -€38,350 | -16.3% |
| Suppliers | 440/4 | €234,736 | €196,385 | -€38,350 | -16.3% |
| Taxes, remuneration and social security | 45 | €83,957 | €70,630 | -€13,327 | -15.9% |
| Taxes | 450/3 | €60,296 | €43,022 | -€17,275 | -28.6% |
| Remuneration and social security | 454/9 | €23,661 | €27,608 | +€3,947 | +16.7% |
| Other amounts payable | 47/48 | €154,111 | €82,708 | -€71,403 | -46.3% |
| Accrued charges and deferred income | 492/3 | €387 | €400 | +€12 | +3.2% |
| Remuneration, social security and pensions | 62 | €202,958 | €212,388 | +€9,430 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,968 | €22,968 | +€1,999 | +9.5% |
| Other operating charges | 640/8 | €7,880 | €4,928 | -€2,951 | -37.5% |
| Gross operating margin | 9900 | €357,375 | €307,606 | -€49,768 | -13.9% |
| Operating profit (loss) | 9901 | €125,569 | €67,323 | -€58,246 | -46.4% |
| Financial income | 75/76B | €229 | - | -€229 | |
| Recurring financial income | 75 | €229 | - | -€229 | |
| Financial charges | 65/66B | €5,961 | €5,812 | -€150 | -2.5% |
| Recurring financial charges | 65 | €5,961 | €5,812 | -€150 | -2.5% |
| Profit (loss) for the period before taxes | 9903 | €119,836 | €61,511 | -€58,325 | -48.7% |
| Income taxes | 67/77 | €28,941 | €20,983 | -€7,958 | -27.5% |
| Profit (loss) for the period | 9904 | €90,895 | €40,528 | -€50,367 | -55.4% |
| Profit (loss) for the period to be appropriated | 9905 | €90,895 | €40,528 | -€50,367 | -55.4% |
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 16 October 2026 via checked.be.