JEDEMCO: 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.
JEDEMCO
Largest movements
- Receivables within one year -€20,203
down €20,203 (-36.2%), from €55,863 to €35,661
of which Trade receivables: -€20,206
- Cash -€2,047
down €2,047 (-39.1%), from €5,232 to €3,185
mainly Tax, wage and social debts (-€15,900) and Debts after one year (-€10,761)
- Tax, wage and social debts -€15,900
down €15,900 (-40.0%), from €39,729 to €23,829
of which Taxes: -€9,900
- Debts after one year -€10,761
down €10,761 (-43.1%), from €24,984 to €14,223
- Trade debts -€5,142
down €5,142 (-92.6%), from €5,554 to €412
- Profit (loss) carried forward +€3,579
no longer reported in 2025 (was -€3,579)
- Reserves +€3,235
up €3,235 (+11.9%), from €27,090 to €30,325
- Gross operating margin +€11,729
up €11,729 (+755%), from €1,554 to €13,282
- Taxes +€2,035
up €2,035 (+710%), from €287 to €2,321
- Financial charges -€586
down €586 (-16.6%), from €3,534 to €2,948
- Other operating charges -€313
down €313 (-30.8%), from €1,019 to €705
- Depreciation +€199
up €199 (+67.8%), from €294 to €493
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 | €114,591 | €91,302 | -€23,289 | -20.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €51,173 | €51,141 | -€31 | -0.1% |
| Tangible fixed assets | 22/27 | €1,173 | €1,141 | -€31 | -2.7% |
| Furniture and vehicles | 24 | €1,173 | €1,141 | -€31 | -2.7% |
| Financial fixed assets | 28 | €50,000 | €50,000 | = | 0.0% |
| Current assets | 29/58 | €63,418 | €40,160 | -€23,258 | -36.7% |
| Amounts receivable within one year | 40/41 | €55,863 | €35,661 | -€20,203 | -36.2% |
| Trade receivables | 40 | €55,863 | €35,657 | -€20,206 | -36.2% |
| Other amounts receivable | 41 | - | €4 | +€4 | |
| Cash at bank and in hand | 54/58 | €5,232 | €3,185 | -€2,047 | -39.1% |
| Deferred charges and accrued income | 490/1 | €2,323 | €1,315 | -€1,008 | -43.4% |
| Total equity and liabilities | 10/49 | €114,591 | €91,302 | -€23,289 | -20.3% |
| Equity | 10/15 | €26,511 | €33,325 | +€6,815 | +25.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €27,090 | €30,325 | +€3,235 | +11.9% |
| Distributable reserves | 133 | €27,090 | €30,325 | +€3,235 | +11.9% |
| Profit (loss) carried forward | 14 | -€3,579 | - | +€3,579 | |
| Amounts payable | 17/49 | €88,080 | €57,976 | -€30,104 | -34.2% |
| Amounts payable after more than one year | 17 | €24,984 | €14,223 | -€10,761 | -43.1% |
| Financial debts | 170/4 | €24,984 | €14,223 | -€10,761 | -43.1% |
| Amounts payable within one year | 42/48 | €62,896 | €42,224 | -€20,673 | -32.9% |
| Current portion of amounts payable after more than one year | 42 | €10,242 | €10,761 | +€519 | +5.1% |
| Trade debts | 44 | €5,554 | €412 | -€5,142 | -92.6% |
| Suppliers | 440/4 | €5,554 | €412 | -€5,142 | -92.6% |
| Taxes, remuneration and social security | 45 | €39,729 | €23,829 | -€15,900 | -40.0% |
| Taxes | 450/3 | €23,479 | €13,579 | -€9,900 | -42.2% |
| Remuneration and social security | 454/9 | €16,250 | €10,250 | -€6,000 | -36.9% |
| Other amounts payable | 47/48 | €7,371 | €7,221 | -€150 | -2.0% |
| Accrued charges and deferred income | 492/3 | €200 | €1,530 | +€1,330 | +665% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €294 | €493 | +€199 | +67.8% |
| Other operating charges | 640/8 | €1,019 | €705 | -€313 | -30.8% |
| Gross operating margin | 9900 | €1,554 | €13,282 | +€11,729 | +755% |
| Operating profit (loss) | 9901 | €241 | €12,084 | +€11,843 | +4,918% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €3,534 | €2,948 | -€586 | -16.6% |
| Recurring financial charges | 65 | €3,534 | €2,948 | -€586 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | -€3,293 | €9,136 | +€12,429 | |
| Income taxes | 67/77 | €287 | €2,321 | +€2,035 | +710% |
| Profit (loss) for the period | 9904 | -€3,579 | €6,815 | +€10,394 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,579 | €6,815 | +€10,394 |
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 15 October 2026 via checked.be.