JECAMA: 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.
JECAMA
Largest movements
- Tangible fixed assets -€121,720
down €121,720 (-15.2%), from €799,373 to €677,654
of which Land and buildings: -€89,542
- Receivables within one year +€52,103
up €52,103 (+109.7%), from €47,489 to €99,592
of which Other amounts receivable: +€48,967
- Debts after one year -€79,107
down €79,107 (-24.6%), from €321,590 to €242,483
of which Financial debts: -€79,107
- Tax, wage and social debts +€35,344
up €35,344 (+155.5%), from €22,735 to €58,079
of which Taxes: +€34,738
- Provisions -€32,314
no longer reported in 2025 (was €32,314)
- Profit (loss) carried forward -€18,810
down €18,810 (-75.0%), from €25,087 to €6,277
- Other debts +€17,500
up €17,500 (+17.5%), from €100,050 to €117,550
- Gross operating margin +€258,511
up €258,511 (+78.9%), from €327,669 to €586,180
- Taxes +€21,101
up €21,101 (+30.4%), from €69,505 to €90,607
- Other operating charges +€15,849
up €15,849 (+32.5%), from €48,817 to €64,665
- Depreciation -€15,621
down €15,621 (-12.3%), from €126,969 to €111,348
- Financial income +€15,030
new in 2025: €15,030
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 | €1,185,617 | €1,109,803 | -€75,814 | -6.4% |
| Fixed assets | 21/28 | €884,214 | €762,495 | -€121,720 | -13.8% |
| Tangible fixed assets | 22/27 | €799,373 | €677,654 | -€121,720 | -15.2% |
| Land and buildings | 22 | €635,784 | €546,242 | -€89,542 | -14.1% |
| Furniture and vehicles | 24 | €75,193 | €43,015 | -€32,178 | -42.8% |
| Other tangible fixed assets | 26 | €1,388 | €1,388 | = | 0.0% |
| Assets under construction and advance payments | 27 | €87,008 | €87,008 | = | 0.0% |
| Financial fixed assets | 28 | €84,841 | €84,841 | = | 0.0% |
| Current assets | 29/58 | €301,402 | €347,308 | +€45,906 | +15.2% |
| Amounts receivable within one year | 40/41 | €47,489 | €99,592 | +€52,103 | +109.7% |
| Trade receivables | 40 | €32,289 | €35,425 | +€3,136 | +9.7% |
| Other amounts receivable | 41 | €15,200 | €64,167 | +€48,967 | +322.1% |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €142,179 | €135,292 | -€6,887 | -4.8% |
| Deferred charges and accrued income | 490/1 | €11,735 | €12,425 | +€690 | +5.9% |
| Total equity and liabilities | 10/49 | €1,185,617 | €1,109,803 | -€75,814 | -6.4% |
| Equity | 10/15 | €606,336 | €587,526 | -€18,810 | -3.1% |
| Contributions | 10/11 | €166,089 | €166,089 | = | 0.0% |
| Capital | 10 | €166,089 | €166,089 | = | 0.0% |
| Issued capital | 100 | €166,089 | €166,089 | = | 0.0% |
| Revaluation surpluses | 12 | €398,551 | €398,551 | = | 0.0% |
| Reserves | 13 | €16,609 | €16,609 | = | 0.0% |
| Non-distributable reserves | 130/1 | €16,609 | €16,609 | = | 0.0% |
| Legal reserve | 130 | €16,609 | €16,609 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,087 | €6,277 | -€18,810 | -75.0% |
| Provisions and deferred taxes | 16 | €32,314 | - | -€32,314 | |
| Provisions for liabilities and charges | 160/5 | €32,314 | - | -€32,314 | |
| Taxes | 161 | €32,314 | - | -€32,314 | |
| Amounts payable | 17/49 | €546,966 | €522,277 | -€24,689 | -4.5% |
| Amounts payable after more than one year | 17 | €321,590 | €242,483 | -€79,107 | -24.6% |
| Financial debts | 170/4 | €319,140 | €240,033 | -€79,107 | -24.8% |
| Other amounts payable | 178/9 | €2,450 | €2,450 | = | 0.0% |
| Amounts payable within one year | 42/48 | €225,376 | €279,794 | +€54,417 | +24.1% |
| Current portion of amounts payable after more than one year | 42 | €88,320 | €79,107 | -€9,213 | -10.4% |
| Trade debts | 44 | €14,271 | €25,057 | +€10,786 | +75.6% |
| Suppliers | 440/4 | €14,271 | €25,057 | +€10,786 | +75.6% |
| Taxes, remuneration and social security | 45 | €22,735 | €58,079 | +€35,344 | +155.5% |
| Taxes | 450/3 | €14,641 | €49,379 | +€34,738 | +237.3% |
| Remuneration and social security | 454/9 | €8,094 | €8,700 | +€606 | +7.5% |
| Other amounts payable | 47/48 | €100,050 | €117,550 | +€17,500 | +17.5% |
| Non-recurring operating income | 76A | - | €13 | +€13 | |
| Remuneration, social security and pensions | 62 | €63,563 | €69,989 | +€6,426 | +10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €126,969 | €111,348 | -€15,621 | -12.3% |
| Other operating charges | 640/8 | €48,817 | €64,665 | +€15,849 | +32.5% |
| Gross operating margin | 9900 | €327,669 | €586,180 | +€258,511 | +78.9% |
| Operating profit (loss) | 9901 | €88,320 | €340,178 | +€251,858 | +285.2% |
| Financial income | 75/76B | - | €15,030 | +€15,030 | |
| Recurring financial income | 75 | - | €15,030 | +€15,030 | |
| Financial charges | 65/66B | €9,570 | €8,411 | -€1,159 | -12.1% |
| Recurring financial charges | 65 | €9,570 | €8,411 | -€1,159 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €78,750 | €346,797 | +€268,047 | +340.4% |
| Income taxes | 67/77 | €69,505 | €90,607 | +€21,101 | +30.4% |
| Profit (loss) for the period | 9904 | €9,244 | €256,190 | +€246,946 | +2671.4% |
| Profit (loss) for the period to be appropriated | 9905 | €9,244 | €256,190 | +€246,946 | +2671.4% |
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 5 October 2026 via checked.be.