JEMABO: 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.
JEMABO
Largest movements
- Cash -€38,838
down €38,838 (-68.6%), from €56,627 to €17,789
mainly Other debts (-€572,848) and Accrued charges and deferred income (-€100,965)
- Tangible fixed assets -€26,103
down €26,103 (-10.8%), from €241,764 to €215,661
of which Plant, machinery and equipment: -€21,303
- Receivables within one year +€14,818
up €14,818 (+183.7%), from €8,066 to €22,884
of which Other amounts receivable: +€15,988
- Debts after one year +€648,103
up €648,103 (+459.6%), from €141,000 to €789,103
- Other debts -€572,848
no longer reported in 2025 (was €572,848)
- Accrued charges and deferred income -€100,965
no longer reported in 2025 (was €100,965)
- Profit (loss) carried forward -€21,852
down €21,852 (-2.4%), from -€925,315 to -€947,167
- Financial income -€1.0m
no longer reported in 2025 (was €1.0m)
of which Non-recurring financial income: -€1.0m
- Depreciation -€4,068
down €4,068 (-13.5%), from €30,171 to €26,103
- Gross operating margin -€3,354
down €3,354 (-28.7%), from €11,706 to €8,352
- Other operating charges +€628
up €628 (+19.8%), from €3,179 to €3,807
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 | €318,508 | €268,384 | -€50,123 | -15.7% |
| Fixed assets | 21/28 | €253,814 | €227,711 | -€26,103 | -10.3% |
| Tangible fixed assets | 22/27 | €241,764 | €215,661 | -€26,103 | -10.8% |
| Land and buildings | 22 | €108,800 | €104,000 | -€4,800 | -4.4% |
| Plant, machinery and equipment | 23 | €132,964 | €111,661 | -€21,303 | -16.0% |
| Financial fixed assets | 28 | €12,050 | €12,050 | = | 0.0% |
| Current assets | 29/58 | €64,693 | €40,673 | -€24,020 | -37.1% |
| Amounts receivable within one year | 40/41 | €8,066 | €22,884 | +€14,818 | +183.7% |
| Trade receivables | 40 | €1,170 | - | -€1,170 | |
| Other amounts receivable | 41 | €6,896 | €22,884 | +€15,988 | +231.9% |
| Cash at bank and in hand | 54/58 | €56,627 | €17,789 | -€38,838 | -68.6% |
| Total equity and liabilities | 10/49 | €318,508 | €268,384 | -€50,123 | -15.7% |
| Equity | 10/15 | -€498,867 | -€520,719 | -€21,852 | -4.4% |
| Contributions | 10/11 | €404,933 | €404,933 | = | 0.0% |
| Capital | 10 | €404,933 | €404,933 | = | 0.0% |
| Issued capital | 100 | €404,933 | €404,933 | = | 0.0% |
| Reserves | 13 | €21,514 | €21,514 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,465 | €2,465 | = | 0.0% |
| Legal reserve | 130 | €2,465 | €2,465 | = | 0.0% |
| Distributable reserves | 133 | €19,049 | €19,049 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€925,315 | -€947,167 | -€21,852 | -2.4% |
| Amounts payable | 17/49 | €817,375 | €789,103 | -€28,272 | -3.5% |
| Amounts payable after more than one year | 17 | €141,000 | €789,103 | +€648,103 | +459.6% |
| Financial debts | 170/4 | €141,000 | €789,103 | +€648,103 | +459.6% |
| Amounts payable within one year | 42/48 | €575,410 | - | -€575,410 | |
| Advances received on contracts in progress | 46 | €2,562 | - | -€2,562 | |
| Other amounts payable | 47/48 | €572,848 | - | -€572,848 | |
| Accrued charges and deferred income | 492/3 | €100,965 | - | -€100,965 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,171 | €26,103 | -€4,068 | -13.5% |
| Other operating charges | 640/8 | €3,179 | €3,807 | +€628 | +19.8% |
| Non-recurring operating charges | 66A | €231 | - | -€231 | |
| Gross operating margin | 9900 | €11,706 | €8,352 | -€3,354 | -28.7% |
| Operating profit (loss) | 9901 | -€21,875 | -€21,559 | +€316 | +1.4% |
| Financial income | 75/76B | €1,012,373 | - | -€1.0m | |
| Recurring financial income | 75 | €11,863 | - | -€11,863 | |
| Non-recurring financial income | 76B | €1,000,510 | - | -€1.0m | |
| Financial charges | 65/66B | €298 | €293 | -€5 | -1.6% |
| Recurring financial charges | 65 | €298 | €293 | -€5 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | €990,200 | -€21,852 | -€1.0m | |
| Profit (loss) for the period | 9904 | €990,200 | -€21,852 | -€1.0m | |
| Profit (loss) for the period to be appropriated | 9905 | €990,200 | -€21,852 | -€1.0m |
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 3 October 2026 via checked.be.