JELMO: 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.
JELMO
Largest movements
- Cash +€121,407
up €121,407 (+467.0%), from €25,996 to €147,403
mainly Receivables within one year (+€114,484) and Other debts (+€75,800)
- Receivables within one year -€114,484
down €114,484 (-75.5%), from €151,607 to €37,122
of which Other amounts receivable: -€96,212
- Deferred charges and accrued income -€5,965
down €5,965 (-82.8%), from €7,209 to €1,243
- Tangible fixed assets -€5,119
down €5,119 (-46.2%), from €11,079 to €5,960
of which Furniture and vehicles: -€8,323
- Profit (loss) carried forward -€100,000
down €100,000 (-97.3%), from €102,765 to €2,765
- Other debts +€75,800
up €75,800 (+294.7%), from €25,721 to €101,521
- Reserves +€46,169
new in 2025: €46,169
- Tax, wage and social debts -€23,548
down €23,548 (-57.9%), from €40,673 to €17,125
- Trade debts -€2,582
down €2,582 (-20.4%), from €12,630 to €10,049
- Gross operating margin -€19,260
down €19,260 (-19.1%), from €101,024 to €81,764
- Financial income -€5,900
down €5,900 (-89.0%), from €6,632 to €732
- Taxes -€1,099
down €1,099 (-4.2%), from €26,138 to €25,039
- Depreciation -€1,094
down €1,094 (-10.2%), from €10,747 to €9,653
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 | €200,390 | €196,228 | -€4,162 | -2.1% |
| Fixed assets | 21/28 | €15,579 | €10,460 | -€5,119 | -32.9% |
| Tangible fixed assets | 22/27 | €11,079 | €5,960 | -€5,119 | -46.2% |
| Land and buildings | 22 | €1,210 | €1,032 | -€179 | -14.8% |
| Plant, machinery and equipment | 23 | - | €3,383 | +€3,383 | |
| Furniture and vehicles | 24 | €9,869 | €1,545 | -€8,323 | -84.3% |
| Financial fixed assets | 28 | €4,500 | €4,500 | = | 0.0% |
| Current assets | 29/58 | €184,811 | €185,769 | +€958 | +0.5% |
| Amounts receivable within one year | 40/41 | €151,607 | €37,122 | -€114,484 | -75.5% |
| Trade receivables | 40 | €38,406 | €20,134 | -€18,273 | -47.6% |
| Other amounts receivable | 41 | €113,200 | €16,989 | -€96,212 | -85.0% |
| Cash at bank and in hand | 54/58 | €25,996 | €147,403 | +€121,407 | +467.0% |
| Deferred charges and accrued income | 490/1 | €7,209 | €1,243 | -€5,965 | -82.8% |
| Total equity and liabilities | 10/49 | €200,390 | €196,228 | -€4,162 | -2.1% |
| Equity | 10/15 | €121,365 | €67,534 | -€53,831 | -44.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €46,169 | +€46,169 | |
| Distributable reserves | 133 | - | €46,169 | +€46,169 | |
| Profit (loss) carried forward | 14 | €102,765 | €2,765 | -€100,000 | -97.3% |
| Amounts payable | 17/49 | €79,025 | €128,694 | +€49,670 | +62.9% |
| Amounts payable within one year | 42/48 | €79,025 | €128,694 | +€49,670 | +62.9% |
| Trade debts | 44 | €12,630 | €10,049 | -€2,582 | -20.4% |
| Suppliers | 440/4 | €12,630 | €10,049 | -€2,582 | -20.4% |
| Taxes, remuneration and social security | 45 | €40,673 | €17,125 | -€23,548 | -57.9% |
| Taxes | 450/3 | €40,673 | €17,125 | -€23,548 | -57.9% |
| Other amounts payable | 47/48 | €25,721 | €101,521 | +€75,800 | +294.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,747 | €9,653 | -€1,094 | -10.2% |
| Other operating charges | 640/8 | €1,615 | €1,595 | -€20 | -1.3% |
| Gross operating margin | 9900 | €101,024 | €81,764 | -€19,260 | -19.1% |
| Operating profit (loss) | 9901 | €88,661 | €70,516 | -€18,145 | -20.5% |
| Financial income | 75/76B | €6,632 | €732 | -€5,900 | -89.0% |
| Recurring financial income | 75 | €6,632 | €732 | -€5,900 | -89.0% |
| Financial charges | 65/66B | €44 | €40 | -€3 | -7.1% |
| Recurring financial charges | 65 | €44 | €40 | -€3 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €95,250 | €71,207 | -€24,042 | -25.2% |
| Income taxes | 67/77 | €26,138 | €25,039 | -€1,099 | -4.2% |
| Profit (loss) for the period | 9904 | €69,112 | €46,169 | -€22,943 | -33.2% |
| Profit (loss) for the period to be appropriated | 9905 | €69,112 | €46,169 | -€22,943 | -33.2% |
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 11 October 2026 via checked.be.