JEMA: 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.
JEMA
Largest movements
- Financial fixed assets -€854,300
no longer reported in 2025 (was €854,300)
- Tangible fixed assets -€11,980
down €11,980 (-5.3%), from €227,339 to €215,359
- Profit (loss) carried forward -€837,757
down €837,757, from €228,978 to -€608,780
- Debts after one year -€24,596
down €24,596 (-9.7%), from €253,185 to €228,589
- Gross operating margin +€9,174
up €9,174 (+37.8%), from €24,242 to €33,416
- Taxes -€1,825
no longer reported in 2025 (was €1,825)
- Financial charges -€868
down €868 (-84.8%), from €1,023 to €155
- Other operating charges +€339
up €339 (+7.7%), from €4,400 to €4,739
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 | €1,081,764 | €216,885 | -€864,879 | -80.0% |
| Fixed assets | 21/28 | €1,081,639 | €215,359 | -€866,280 | -80.1% |
| Tangible fixed assets | 22/27 | €227,339 | €215,359 | -€11,980 | -5.3% |
| Land and buildings | 22 | €227,339 | €215,359 | -€11,980 | -5.3% |
| Financial fixed assets | 28 | €854,300 | - | -€854,300 | |
| Current assets | 29/58 | €125 | €1,527 | +€1,401 | +1117.7% |
| Amounts receivable within one year | 40/41 | €125 | €121 | -€4 | -3.1% |
| Other amounts receivable | 41 | €125 | €121 | -€4 | -3.1% |
| Cash at bank and in hand | 54/58 | €0 | €26 | +€26 | +261000.0% |
| Deferred charges and accrued income | 490/1 | - | €1,379 | +€1,379 | |
| Total equity and liabilities | 10/49 | €1,081,764 | €216,885 | -€864,879 | -80.0% |
| Equity | 10/15 | €826,054 | -€11,703 | -€837,757 | |
| Contributions | 10/11 | €452,654 | €452,654 | = | 0.0% |
| Reserves | 13 | €144,423 | €144,423 | = | 0.0% |
| Non-distributable reserves | 130/1 | €45,265 | €45,265 | = | 0.0% |
| Reserves not available under the articles | 1311 | €45,265 | €45,265 | = | 0.0% |
| Distributable reserves | 133 | €99,157 | €99,157 | = | 0.0% |
| Profit (loss) carried forward | 14 | €228,978 | -€608,780 | -€837,757 | |
| Amounts payable | 17/49 | €255,710 | €228,589 | -€27,121 | -10.6% |
| Amounts payable after more than one year | 17 | €253,185 | €228,589 | -€24,596 | -9.7% |
| Financial debts | 170/4 | €253,185 | €228,589 | -€24,596 | -9.7% |
| Amounts payable within one year | 42/48 | €2,525 | - | -€2,525 | |
| Trade debts | 44 | €700 | - | -€700 | |
| Suppliers | 440/4 | €700 | - | -€700 | |
| Taxes, remuneration and social security | 45 | €1,825 | - | -€1,825 | |
| Taxes | 450/3 | €1,825 | - | -€1,825 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,980 | €11,980 | = | 0.0% |
| Other operating charges | 640/8 | €4,400 | €4,739 | +€339 | +7.7% |
| Non-recurring operating charges | 66A | - | €854,300 | +€854,300 | |
| Gross operating margin | 9900 | €24,242 | €33,416 | +€9,174 | +37.8% |
| Operating profit (loss) | 9901 | €7,862 | -€837,602 | -€845,464 | |
| Financial charges | 65/66B | €1,023 | €155 | -€868 | -84.8% |
| Recurring financial charges | 65 | €1,023 | €155 | -€868 | -84.8% |
| Profit (loss) for the period before taxes | 9903 | €6,839 | -€837,757 | -€844,597 | |
| Income taxes | 67/77 | €1,825 | - | -€1,825 | |
| Profit (loss) for the period | 9904 | €5,014 | -€837,757 | -€842,771 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,014 | -€837,757 | -€842,771 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.