JEM: 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.
JEM
Largest movements
- Receivables within one year +€17,349
up €17,349 (+57.3%), from €30,271 to €47,620
of which Other amounts receivable: +€19,029
- Cash +€14,601
up €14,601 (+37.7%), from €38,682 to €53,282
mainly Net result for the year (+€35,722) and Deferred charges and accrued income (+€2,497)
- Deferred charges and accrued income -€2,497
down €2,497 (-52.5%), from €4,753 to €2,255
- Tangible fixed assets +€1,260
up €1,260 (+39.7%), from €3,176 to €4,437
of which Plant, machinery and equipment: +€1,588
- Profit (loss) carried forward +€35,722
up €35,722 (+64.7%), from €55,179 to €90,901
- Tax, wage and social debts -€4,727
down €4,727 (-25.3%), from €18,673 to €13,945
of which Taxes: -€6,241
- Gross operating margin -€24,826
down €24,826 (-34.7%), from €71,556 to €46,729
- Taxes -€4,825
down €4,825 (-33.9%), from €14,214 to €9,388
- Financial income +€1,083
up €1,083 (+184.3%), from €587 to €1,670
- Depreciation +€936
up €936 (+287.5%), from €326 to €1,261
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 | €76,882 | €107,595 | +€30,713 | +39.9% |
| Fixed assets | 21/28 | €3,176 | €4,437 | +€1,260 | +39.7% |
| Tangible fixed assets | 22/27 | €3,176 | €4,437 | +€1,260 | +39.7% |
| Plant, machinery and equipment | 23 | €2,276 | €3,864 | +€1,588 | +69.7% |
| Furniture and vehicles | 24 | €900 | €573 | -€327 | -36.4% |
| Current assets | 29/58 | €73,706 | €103,158 | +€29,452 | +40.0% |
| Amounts receivable within one year | 40/41 | €30,271 | €47,620 | +€17,349 | +57.3% |
| Trade receivables | 40 | €9,680 | €8,000 | -€1,680 | -17.4% |
| Other amounts receivable | 41 | €20,591 | €39,620 | +€19,029 | +92.4% |
| Cash at bank and in hand | 54/58 | €38,682 | €53,282 | +€14,601 | +37.7% |
| Deferred charges and accrued income | 490/1 | €4,753 | €2,255 | -€2,497 | -52.5% |
| Total equity and liabilities | 10/49 | €76,882 | €107,595 | +€30,713 | +39.9% |
| Equity | 10/15 | €56,679 | €92,401 | +€35,722 | +63.0% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,179 | €90,901 | +€35,722 | +64.7% |
| Amounts payable | 17/49 | €20,203 | €15,193 | -€5,009 | -24.8% |
| Amounts payable within one year | 42/48 | €20,199 | €14,997 | -€5,202 | -25.8% |
| Trade debts | 44 | €1,526 | €1,052 | -€474 | -31.1% |
| Suppliers | 440/4 | €1,526 | €1,052 | -€474 | -31.1% |
| Taxes, remuneration and social security | 45 | €18,673 | €13,945 | -€4,727 | -25.3% |
| Taxes | 450/3 | €18,673 | €12,431 | -€6,241 | -33.4% |
| Remuneration and social security | 454/9 | - | €1,514 | +€1,514 | |
| Accrued charges and deferred income | 492/3 | €4 | €196 | +€192 | +4763.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €326 | €1,261 | +€936 | +287.5% |
| Other operating charges | 640/8 | €219 | €218 | -€1 | -0.6% |
| Gross operating margin | 9900 | €71,556 | €46,729 | -€24,826 | -34.7% |
| Operating profit (loss) | 9901 | €71,011 | €45,250 | -€25,761 | -36.3% |
| Financial income | 75/76B | €587 | €1,670 | +€1,083 | +184.3% |
| Recurring financial income | 75 | €587 | €1,670 | +€1,083 | +184.3% |
| Financial charges | 65/66B | €2,205 | €1,810 | -€395 | -17.9% |
| Recurring financial charges | 65 | €2,205 | €1,810 | -€395 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | €69,393 | €45,110 | -€24,283 | -35.0% |
| Income taxes | 67/77 | €14,214 | €9,388 | -€4,825 | -33.9% |
| Profit (loss) for the period | 9904 | €55,179 | €35,722 | -€19,458 | -35.3% |
| Profit (loss) for the period to be appropriated | 9905 | €55,179 | €35,722 | -€19,458 | -35.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.