JAEMA: 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.
JAEMA
Largest movements
- Receivables within one year +€21,687
up €21,687 (+20.2%), from €107,290 to €128,977
of which Other amounts receivable: +€13,651
- Cash -€13,551
down €13,551 (-98.0%), from €13,831 to €280
mainly Receivables within one year (-€21,687) and Other debts (-€20,795)
- Tangible fixed assets -€13,221
down €13,221 (-45.0%), from €29,378 to €16,157
- Intangible fixed assets -€7,875
down €7,875 (-14.1%), from €55,772 to €47,897
- Other debts -€20,795
down €20,795 (-13.7%), from €152,059 to €131,263
- Trade debts +€13,143
up €13,143 (+13.8%), from €95,050 to €108,192
- Profit (loss) carried forward -€10,086
down €10,086 (-12.4%), from -€81,148 to -€91,234
- Tax, wage and social debts +€3,713
up €3,713 (+76.7%), from €4,839 to €8,552
- Gross operating margin +€22,689
up €22,689, from -€11,927 to €10,761
- Financial income -€3,804
down €3,804 (-61.5%), from €6,188 to €2,384
- Other operating charges +€248
up €248 (+64.0%), from €387 to €635
- Financial charges +€149
up €149 (+11.0%), from €1,351 to €1,499
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 | €206,792 | €193,832 | -€12,960 | -6.3% |
| Fixed assets | 21/28 | €85,150 | €64,054 | -€21,096 | -24.8% |
| Intangible fixed assets | 21 | €55,772 | €47,897 | -€7,875 | -14.1% |
| Tangible fixed assets | 22/27 | €29,378 | €16,157 | -€13,221 | -45.0% |
| Plant, machinery and equipment | 23 | €29,378 | €16,157 | -€13,221 | -45.0% |
| Current assets | 29/58 | €121,642 | €129,778 | +€8,136 | +6.7% |
| Stocks and contracts in progress | 3 | €425 | €425 | = | 0.0% |
| Stocks | 30/36 | €425 | €425 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €107,290 | €128,977 | +€21,687 | +20.2% |
| Trade receivables | 40 | €3,086 | €11,122 | +€8,036 | +260.4% |
| Other amounts receivable | 41 | €104,204 | €117,856 | +€13,651 | +13.1% |
| Cash at bank and in hand | 54/58 | €13,831 | €280 | -€13,551 | -98.0% |
| Deferred charges and accrued income | 490/1 | €95 | €95 | = | 0.0% |
| Total equity and liabilities | 10/49 | €206,792 | €193,832 | -€12,960 | -6.3% |
| Equity | 10/15 | -€49,645 | -€59,730 | -€10,086 | -20.3% |
| Contributions | 10/11 | €29,747 | €29,747 | = | 0.0% |
| Reserves | 13 | €1,756 | €1,756 | = | 0.0% |
| Distributable reserves | 133 | €1,756 | €1,756 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€81,148 | -€91,234 | -€10,086 | -12.4% |
| Amounts payable | 17/49 | €256,436 | €253,562 | -€2,875 | -1.1% |
| Amounts payable within one year | 42/48 | €251,947 | €248,008 | -€3,940 | -1.6% |
| Trade debts | 44 | €95,050 | €108,192 | +€13,143 | +13.8% |
| Suppliers | 440/4 | €95,050 | €108,192 | +€13,143 | +13.8% |
| Taxes, remuneration and social security | 45 | €4,839 | €8,552 | +€3,713 | +76.7% |
| Taxes | 450/3 | €4,839 | €8,552 | +€3,713 | +76.7% |
| Other amounts payable | 47/48 | €152,059 | €131,263 | -€20,795 | -13.7% |
| Accrued charges and deferred income | 492/3 | €4,489 | €5,554 | +€1,065 | +23.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,096 | €21,096 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €635 | +€248 | +64.0% |
| Gross operating margin | 9900 | -€11,927 | €10,761 | +€22,689 | |
| Operating profit (loss) | 9901 | -€33,411 | -€10,970 | +€22,441 | +67.2% |
| Financial income | 75/76B | €6,188 | €2,384 | -€3,804 | -61.5% |
| Recurring financial income | 75 | €6,188 | €2,384 | -€3,804 | -61.5% |
| Financial charges | 65/66B | €1,351 | €1,499 | +€149 | +11.0% |
| Recurring financial charges | 65 | €1,351 | €1,499 | +€149 | +11.0% |
| Profit (loss) for the period before taxes | 9903 | -€28,574 | -€10,086 | +€18,488 | +64.7% |
| Profit (loss) for the period | 9904 | -€28,574 | -€10,086 | +€18,488 | +64.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,574 | -€10,086 | +€18,488 | +64.7% |
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 9 October 2026 via checked.be.