JEMA-DACH: 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.
JEMA-DACH
Largest movements
- Receivables within one year +€21,049
up €21,049 (+76.0%), from €27,684 to €48,732
of which Other amounts receivable: +€15,824
- Tangible fixed assets +€18,064
up €18,064 (+243%), from €7,441 to €25,505
of which Plant, machinery and equipment: +€17,821
- Cash -€13,213
down €13,213 (-12.2%), from €107,937 to €94,724
mainly Investment in fixed assets (net) (-€25,522) and Receivables within one year (-€21,049)
- Stocks and contracts +€2,295
up €2,295 (+6.5%), from €35,439 to €37,734
of which Stocks: +€3,830
- Tax, wage and social debts +€10,814
up €10,814 (+374%), from €2,894 to €13,708
of which Taxes: +€5,826
- Profit (loss) carried forward +€9,636
up €9,636 (+6.6%), from €147,091 to €156,726
- Debts after one year +€9,424
new in 2025: €9,424
- Trade debts -€3,010
down €3,010 (-47.2%), from €6,379 to €3,369
- Staff costs +€19,806
up €19,806 (+169%), from €11,686 to €31,492
- Gross operating margin -€19,124
down €19,124 (-26.9%), from €71,090 to €51,965
- Taxes -€8,171
down €8,171 (-82.1%), from €9,953 to €1,782
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 | €179,448 | €207,750 | +€28,302 | +15.8% |
| Fixed assets | 21/28 | €7,511 | €25,575 | +€18,064 | +241% |
| Tangible fixed assets | 22/27 | €7,441 | €25,505 | +€18,064 | +243% |
| Plant, machinery and equipment | 23 | €6,166 | €23,987 | +€17,821 | +289% |
| Furniture and vehicles | 24 | €1,274 | €1,518 | +€243 | +19.1% |
| Financial fixed assets | 28 | €70 | €70 | = | 0.0% |
| Current assets | 29/58 | €171,937 | €182,175 | +€10,238 | +6.0% |
| Stocks and contracts in progress | 3 | €35,439 | €37,734 | +€2,295 | +6.5% |
| Stocks | 30/36 | €33,904 | €37,734 | +€3,830 | +11.3% |
| Contracts in progress | 37 | €1,535 | - | -€1,535 | |
| Amounts receivable within one year | 40/41 | €27,684 | €48,732 | +€21,049 | +76.0% |
| Trade receivables | 40 | €23,308 | €28,533 | +€5,225 | +22.4% |
| Other amounts receivable | 41 | €4,376 | €20,199 | +€15,824 | +362% |
| Cash at bank and in hand | 54/58 | €107,937 | €94,724 | -€13,213 | -12.2% |
| Deferred charges and accrued income | 490/1 | €878 | €985 | +€107 | +12.2% |
| Total equity and liabilities | 10/49 | €179,448 | €207,750 | +€28,302 | +15.8% |
| Equity | 10/15 | €167,551 | €177,186 | +€9,636 | +5.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €147,091 | €156,726 | +€9,636 | +6.6% |
| Amounts payable | 17/49 | €11,897 | €30,563 | +€18,666 | +157% |
| Amounts payable after more than one year | 17 | - | €9,424 | +€9,424 | |
| Financial debts | 170/4 | - | €9,424 | +€9,424 | |
| Amounts payable within one year | 42/48 | €11,897 | €20,707 | +€8,809 | +74.0% |
| Current portion of amounts payable after more than one year | 42 | €2,624 | €3,629 | +€1,005 | +38.3% |
| Trade debts | 44 | €6,379 | €3,369 | -€3,010 | -47.2% |
| Suppliers | 440/4 | €6,379 | €3,369 | -€3,010 | -47.2% |
| Taxes, remuneration and social security | 45 | €2,894 | €13,708 | +€10,814 | +374% |
| Taxes | 450/3 | €1,460 | €7,286 | +€5,826 | +399% |
| Remuneration and social security | 454/9 | €1,434 | €6,423 | +€4,988 | +348% |
| Accrued charges and deferred income | 492/3 | - | €433 | +€433 | |
| Remuneration, social security and pensions | 62 | €11,686 | €31,492 | +€19,806 | +169% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,150 | €7,458 | -€692 | -8.5% |
| Other operating charges | 640/8 | €3,425 | €3,016 | -€409 | -11.9% |
| Gross operating margin | 9900 | €71,090 | €51,965 | -€19,124 | -26.9% |
| Operating profit (loss) | 9901 | €47,828 | €9,999 | -€37,829 | -79.1% |
| Financial income | 75/76B | €2,400 | €2,780 | +€381 | +15.9% |
| Recurring financial income | 75 | €2,400 | €2,780 | +€381 | +15.9% |
| Financial charges | 65/66B | €1,017 | €1,362 | +€345 | +33.9% |
| Recurring financial charges | 65 | €1,017 | €809 | -€209 | -20.5% |
| Non-recurring financial charges | 66B | - | €553 | +€553 | |
| Profit (loss) for the period before taxes | 9903 | €49,210 | €11,418 | -€37,793 | -76.8% |
| Income taxes | 67/77 | €9,953 | €1,782 | -€8,171 | -82.1% |
| Profit (loss) for the period | 9904 | €39,257 | €9,636 | -€29,621 | -75.5% |
| Profit (loss) for the period to be appropriated | 9905 | €39,257 | €9,636 | -€29,621 | -75.5% |
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 25 October 2026 via checked.be.