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.
What changed
JEMA
NACE 26.400, Manufacture of computer, electronic and optical products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€427,415
2024 · €890,432-€463,016
Equity
€4.3m
2024 · €3.9m+€393,062
Cash
€95,651
2024 · €521,274-€425,623
Balance sheet total
€11.2m
2024 · €13.8m-€2.6m
Largest movements
Assets
- Stocks and contracts -€1.9m
down €1.9m (-32.0%), from €5.8m to €3.9m
of which Contracts in progress: -€1.0m
- Cash -€425,623
down €425,623 (-81.7%), from €521,274 to €95,651
mainly Advances received (-€1.7m) and Trade debts (-€733,966)
- Receivables after one year -€216,667
down €216,667 (-41.6%), from €520,833 to €304,167
- Receivables within one year -€182,517
down €182,517 (-3.2%), from €5.7m to €5.5m
of which Trade receivables: -€503,633
Equity and liabilities
- Advances received -€1.7m
down €1.7m (-42.7%), from €4.1m to €2.3m
- Trade debts -€733,966
down €733,966 (-32.7%), from €2.2m to €1.5m
- Debts after one year -€633,333
down €633,333 (-38.1%), from €1.7m to €1.0m
of which Financial debts: -€633,333
- Profit (loss) carried forward +€393,062
up €393,062 (+20.3%), from €1.9m to €2.3m
Income statement
- Turnover +€2.7m
up €2.7m (+20.3%), from €13.0m to €15.7m
- Goods and materials +€644,202
up €644,202 (+11.2%), from €5.7m to €6.4m
of which Change in stocks: decrease (increase): +€971,033
- Staff costs +€533,182
up €533,182 (+19.2%), from €2.8m to €3.3m
- Services and other goods +€213,329
up €213,329 (+4.5%), from €4.8m to €5.0m
- Taxes -€188,418
down €188,418 (-59.2%), from €318,146 to €129,727
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.
Result 2024
€890,432
Turnover
+€2.7m
Other operating income
+€111,829
Goods and materials
-€644,202
Services and other goods
-€213,329
Staff costs
-€533,182
Depreciation
-€19,361
Write-downs
+€65,429
Provisions
+€18,108
Other operating charges
-€76,700
Other operating items
-€2.0m
Financial income
+€28,520
Financial charges
-€82,172
Taxes
+€188,418
Result 2025
€427,415
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.
From operations
+€267,179
Investment
-€155,705
Financing
-€537,097
Cash 2024
€521,274
From operations (derived)
+€267,179
Net result for the year
+€427,415
Depreciation
+€121,127
Receivables after one year
+€216,667
Stocks and contracts
+€1.9m
Receivables within one year
+€182,517
Deferred charges and accrued income
-€10,940
Provisions
+€38,260
Trade debts
-€733,966
Tax, wage and social debts
-€11,713
Advances received
-€1.7m
Other debts
-€95,307
Accrued charges and deferred income
+€26,996
Investment (derived)
-€155,705
Investment in fixed assets (net)
-€155,705
Financing
-€537,097
Debts after one year
-€633,333
Current portion of long-term debt
+€130,589
Contributions, distributions and other
-€34,353
Cash 2025
€95,651
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,810,543 | €11,176,037 | -€2.6m | -19.1% |
| Fixed assets | 21/28 | €1,060,953 | €1,095,530 | +€34,578 | +3.3% |
| Intangible fixed assets | 21 | €4,252 | €8,010 | +€3,757 | +88.4% |
| Tangible fixed assets | 22/27 | €784,491 | €806,311 | +€21,820 | +2.8% |
| Plant, machinery and equipment | 23 | €171,031 | €142,212 | -€28,820 | -16.9% |
| Furniture and vehicles | 24 | €66,980 | €51,647 | -€15,333 | -22.9% |
| Other tangible fixed assets | 26 | €546,480 | €612,453 | +€65,973 | +12.1% |
| Financial fixed assets | 28 | €272,210 | €281,210 | +€9,000 | +3.3% |
| Affiliated companies | 280/1 | €261,000 | €270,000 | +€9,000 | +3.4% |
| Participating interests | 280 | €261,000 | €270,000 | +€9,000 | +3.4% |
| Other financial fixed assets | 284/8 | €11,210 | €11,210 | = | 0.0% |
| Shares | 284 | €10,250 | €10,250 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €960 | €960 | = | 0.0% |
| Current assets | 29/58 | €12,749,590 | €10,080,507 | -€2.7m | -20.9% |
| Amounts receivable after more than one year | 29 | €520,833 | €304,167 | -€216,667 | -41.6% |
| Other amounts receivable | 291 | €520,833 | €304,167 | -€216,667 | -41.6% |
| Stocks and contracts in progress | 3 | €5,802,971 | €3,947,754 | -€1.9m | -32.0% |
| Stocks | 30/36 | €3,083,810 | €2,254,276 | -€829,534 | -26.9% |
| Raw materials and consumables | 30/31 | €3,083,810 | €2,254,276 | -€829,534 | -26.9% |
| Contracts in progress | 37 | €2,719,161 | €1,693,478 | -€1.0m | -37.7% |
| Amounts receivable within one year | 40/41 | €5,722,063 | €5,539,546 | -€182,517 | -3.2% |
| Trade receivables | 40 | €4,324,593 | €3,820,960 | -€503,633 | -11.6% |
| Other amounts receivable | 41 | €1,397,471 | €1,718,586 | +€321,116 | +23.0% |
| Current investments | 50/53 | €149,000 | €149,000 | = | 0.0% |
| Own shares | 50 | €149,000 | €149,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €521,274 | €95,651 | -€425,623 | -81.7% |
| Deferred charges and accrued income | 490/1 | €33,449 | €44,389 | +€10,940 | +32.7% |
| Total equity and liabilities | 10/49 | €13,810,543 | €11,176,037 | -€2.6m | -19.1% |
| Equity | 10/15 | €3,868,334 | €4,261,396 | +€393,062 | +10.2% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves | 13 | €928,950 | €928,950 | = | 0.0% |
| Non-distributable reserves | 130/1 | €249,000 | €249,000 | = | 0.0% |
| Legal reserve | 130 | €100,000 | €100,000 | = | 0.0% |
| Own shares acquired | 1312 | €149,000 | €149,000 | = | 0.0% |
| Distributable reserves | 133 | €679,950 | €679,950 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,939,384 | €2,332,446 | +€393,062 | +20.3% |
| Provisions and deferred taxes | 16 | €245,440 | €283,700 | +€38,260 | +15.6% |
| Provisions for liabilities and charges | 160/5 | €245,440 | €283,700 | +€38,260 | +15.6% |
| Other liabilities and charges | 164/5 | €245,440 | €283,700 | +€38,260 | +15.6% |
| Amounts payable | 17/49 | €9,696,769 | €6,630,941 | -€3.1m | -31.6% |
| Amounts payable after more than one year | 17 | €1,660,902 | €1,027,569 | -€633,333 | -38.1% |
| Financial debts | 170/4 | €866,667 | €233,333 | -€633,333 | -73.1% |
| Subordinated loans | 170 | €366,667 | €233,333 | -€133,333 | -36.4% |
| Other loans | 174 | €500,000 | - | -€500,000 | |
| Other amounts payable | 178/9 | €794,235 | €794,235 | = | 0.0% |
| Amounts payable within one year | 42/48 | €7,799,025 | €5,339,535 | -€2.5m | -31.5% |
| Current portion of amounts payable after more than one year | 42 | €633,333 | €763,923 | +€130,589 | +20.6% |
| Trade debts | 44 | €2,247,373 | €1,513,407 | -€733,966 | -32.7% |
| Suppliers | 440/4 | €2,247,373 | €1,513,407 | -€733,966 | -32.7% |
| Advances received on contracts in progress | 46 | €4,098,063 | €2,348,969 | -€1.7m | -42.7% |
| Taxes, remuneration and social security | 45 | €655,256 | €643,543 | -€11,713 | -1.8% |
| Taxes | 450/3 | €261,271 | €184,691 | -€76,580 | -29.3% |
| Remuneration and social security | 454/9 | €393,985 | €458,851 | +€64,867 | +16.5% |
| Other amounts payable | 47/48 | €165,000 | €69,693 | -€95,307 | -57.8% |
| Accrued charges and deferred income | 492/3 | €236,842 | €263,837 | +€26,996 | +11.4% |
| Operating income | 70/76A | €14,845,161 | €15,650,609 | +€805,447 | +5.4% |
| Turnover | 70 | €13,048,813 | €15,699,142 | +€2.7m | +20.3% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €943,116 | -€1,025,682 | -€2.0m | |
| Own construction capitalised | 72 | €153,583 | €165,670 | +€12,087 | +7.9% |
| Other operating income | 74 | €699,650 | €811,479 | +€111,829 | +16.0% |
| Operating charges | 60/66A | €13,546,485 | €14,949,715 | +€1.4m | +10.4% |
| Goods for resale, raw materials and consumables | 60 | €5,732,624 | €6,376,826 | +€644,202 | +11.2% |
| Purchases | 600/8 | €5,864,722 | €5,537,891 | -€326,830 | -5.6% |
| Change in stocks: decrease (increase) | 609 | -€132,098 | €838,935 | +€971,033 | |
| Services and other goods | 61 | €4,780,939 | €4,994,268 | +€213,329 | +4.5% |
| Remuneration, social security and pensions | 62 | €2,770,179 | €3,303,361 | +€533,182 | +19.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €101,766 | €121,127 | +€19,361 | +19.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €99,958 | €34,529 | -€65,429 | -65.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €56,368 | €38,260 | -€18,108 | -32.1% |
| Other operating charges | 640/8 | €4,644 | €81,345 | +€76,700 | +1651.5% |
| Non-recurring operating charges | 66A | €8 | - | -€8 | |
| Operating profit (loss) | 9901 | €1,298,676 | €700,893 | -€597,783 | -46.0% |
| Financial income | 75/76B | €24,237 | €52,757 | +€28,520 | +117.7% |
| Recurring financial income | 75 | €24,237 | €52,757 | +€28,520 | +117.7% |
| Income from current assets | 751 | €566 | €614 | +€48 | +8.4% |
| Other financial income | 752/9 | €23,671 | €52,143 | +€28,472 | +120.3% |
| Financial charges | 65/66B | €114,336 | €196,508 | +€82,172 | +71.9% |
| Recurring financial charges | 65 | €114,336 | €196,508 | +€82,172 | +71.9% |
| Debt charges | 650 | €60,338 | €88,057 | +€27,719 | +45.9% |
| Other financial charges | 652/9 | €53,997 | €108,451 | +€54,453 | +100.8% |
| Profit (loss) for the period before taxes | 9903 | €1,208,577 | €557,142 | -€651,435 | -53.9% |
| Income taxes | 67/77 | €318,146 | €129,727 | -€188,418 | -59.2% |
| Taxes | 670/3 | €318,146 | €129,727 | -€188,418 | -59.2% |
| Profit (loss) for the period | 9904 | €890,432 | €427,415 | -€463,016 | -52.0% |
| Transfer from tax-exempt reserves | 789 | €126,300 | - | -€126,300 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,016,732 | €427,415 | -€589,316 | -58.0% |
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 4 October 2026 via checked.be.