J-Me Packaging: 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-Me Packaging
Largest movements
- Cash -€234,371
down €234,371 (-83.3%), from €281,525 to €47,154
mainly Receivables within one year (-€142,123) and Trade debts (-€98,834)
- Receivables within one year +€142,123
up €142,123 (+33.0%), from €430,873 to €572,996
of which Trade receivables: +€125,954
- Tangible fixed assets +€37,270
up €37,270 (+2,285%), from €1,631 to €38,901
- Trade debts -€98,834
down €98,834 (-46.8%), from €211,069 to €112,236
- Current portion of long-term debt +€23,915
new in 2024: €23,915
- Accrued charges and deferred income +€20,016
up €20,016 (+11.0%), from €182,000 to €202,016
- Profit (loss) carried forward +€11,618
up €11,618, from -€440 to €11,178
- Tax, wage and social debts -€8,198
down €8,198 (-33.6%), from €24,372 to €16,174
of which Taxes: -€11,180
- Gross operating margin +€53,830
up €53,830 (+394%), from €13,657 to €67,488
- Write-downs +€37,007
up €37,007, from -€11,852 to €25,154
- Depreciation +€10,921
up €10,921 (+834%), from €1,309 to €12,230
- Other operating charges -€7,352
down €7,352 (-72.8%), from €10,093 to €2,742
- Taxes +€2,620
up €2,620 (+70.9%), from €3,695 to €6,315
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €747,937 | €692,670 | -€55,267 | -7.4% |
| Fixed assets | 21/28 | €1,631 | €38,901 | +€37,270 | +2,285% |
| Tangible fixed assets | 22/27 | €1,631 | €38,901 | +€37,270 | +2,285% |
| Furniture and vehicles | 24 | €1,631 | €38,901 | +€37,270 | +2,285% |
| Current assets | 29/58 | €746,306 | €653,769 | -€92,537 | -12.4% |
| Stocks and contracts in progress | 3 | €32,000 | €32,000 | = | 0.0% |
| Contracts in progress | 37 | €32,000 | €32,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €430,873 | €572,996 | +€142,123 | +33.0% |
| Trade receivables | 40 | €430,873 | €556,828 | +€125,954 | +29.2% |
| Other amounts receivable | 41 | - | €16,169 | +€16,169 | |
| Cash at bank and in hand | 54/58 | €281,525 | €47,154 | -€234,371 | -83.3% |
| Deferred charges and accrued income | 490/1 | €1,908 | €1,619 | -€289 | -15.1% |
| Total equity and liabilities | 10/49 | €747,937 | €692,670 | -€55,267 | -7.4% |
| Equity | 10/15 | €71,310 | €82,928 | +€11,618 | +16.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €65,550 | €65,550 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €63,690 | €63,690 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€440 | €11,178 | +€11,618 | |
| Amounts payable | 17/49 | €676,628 | €609,743 | -€66,885 | -9.9% |
| Amounts payable after more than one year | 17 | €35,182 | €35,182 | = | 0.0% |
| Financial debts | 170/4 | €25,000 | €25,000 | = | 0.0% |
| Other amounts payable | 178/9 | €10,182 | €10,182 | = | 0.0% |
| Amounts payable within one year | 42/48 | €459,445 | €372,544 | -€86,901 | -18.9% |
| Current portion of amounts payable after more than one year | 42 | - | €23,915 | +€23,915 | |
| Trade debts | 44 | €211,069 | €112,236 | -€98,834 | -46.8% |
| Suppliers | 440/4 | €211,069 | €112,236 | -€98,834 | -46.8% |
| Advances received on contracts in progress | 46 | €220,220 | €220,220 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €24,372 | €16,174 | -€8,198 | -33.6% |
| Taxes | 450/3 | €21,485 | €10,305 | -€11,180 | -52.0% |
| Remuneration and social security | 454/9 | €2,887 | €5,869 | +€2,982 | +103% |
| Other amounts payable | 47/48 | €3,784 | - | -€3,784 | |
| Accrued charges and deferred income | 492/3 | €182,000 | €202,016 | +€20,016 | +11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,309 | €12,230 | +€10,921 | +834% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€11,852 | €25,154 | +€37,007 | |
| Other operating charges | 640/8 | €10,093 | €2,742 | -€7,352 | -72.8% |
| Non-recurring operating charges | 66A | €3,718 | - | -€3,718 | |
| Gross operating margin | 9900 | €13,657 | €67,488 | +€53,830 | +394% |
| Operating profit (loss) | 9901 | €10,390 | €27,362 | +€16,972 | +163% |
| Financial income | 75/76B | €2,361 | - | -€2,361 | |
| Recurring financial income | 75 | €2,361 | - | -€2,361 | |
| Financial charges | 65/66B | €9,496 | €9,429 | -€67 | -0.7% |
| Recurring financial charges | 65 | €9,496 | €9,429 | -€67 | -0.7% |
| Profit (loss) for the period before taxes | 9903 | €3,254 | €17,933 | +€14,679 | +451% |
| Income taxes | 67/77 | €3,695 | €6,315 | +€2,620 | +70.9% |
| Profit (loss) for the period | 9904 | -€440 | €11,618 | +€12,058 | |
| Profit (loss) for the period to be appropriated | 9905 | -€440 | €11,618 | +€12,058 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.