JEMACE: 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.
JEMACE
Largest movements
- Cash +€5,037
up €5,037 (+5.4%), from €94,019 to €99,056
mainly Net result for the year (+€11,868) and Other debts (+€4,412)
- Profit (loss) carried forward +€30,530
up €30,530 (+6939.4%), from €440 to €30,970
- Reserves -€18,662
down €18,662 (-39.1%), from €47,770 to €29,108
of which Tax-exempt reserves: -€33,662
- Provisions -€11,221
no longer reported in 2025 (was €11,221)
- Other debts +€4,412
up €4,412 (+18.9%), from €23,324 to €27,737
- Current portion of long-term debt -€1,391
no longer reported in 2025 (was €1,391)
- Taxes +€8,975
up €8,975 (+90.3%), from €9,936 to €18,910
- Gross operating margin -€7,221
down €7,221 (-21.7%), from €33,324 to €26,103
- Financial charges +€434
up €434 (+26.3%), from €1,647 to €2,081
- Financial income +€434
up €434 (+369.5%), from €117 to €551
- Depreciation +€431
up €431 (+14.8%), from €2,918 to €3,349
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 | €107,785 | €112,805 | +€5,020 | +4.7% |
| Fixed assets | 21/28 | €8,823 | €9,046 | +€223 | +2.5% |
| Tangible fixed assets | 22/27 | €8,823 | €9,046 | +€223 | +2.5% |
| Furniture and vehicles | 24 | €8,823 | €9,046 | +€223 | +2.5% |
| Current assets | 29/58 | €98,962 | €103,759 | +€4,797 | +4.8% |
| Amounts receivable within one year | 40/41 | €4,416 | €4,153 | -€264 | -6.0% |
| Trade receivables | 40 | €4,416 | €4,153 | -€264 | -6.0% |
| Cash at bank and in hand | 54/58 | €94,019 | €99,056 | +€5,037 | +5.4% |
| Deferred charges and accrued income | 490/1 | €526 | €551 | +€24 | +4.6% |
| Total equity and liabilities | 10/49 | €107,785 | €112,805 | +€5,020 | +4.7% |
| Equity | 10/15 | €60,610 | €72,478 | +€11,868 | +19.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €47,770 | €29,108 | -€18,662 | -39.1% |
| Tax-exempt reserves | 132 | €33,662 | - | -€33,662 | |
| Distributable reserves | 133 | €14,108 | €29,108 | +€15,000 | +106.3% |
| Profit (loss) carried forward | 14 | €440 | €30,970 | +€30,530 | +6939.4% |
| Provisions and deferred taxes | 16 | €11,221 | - | -€11,221 | |
| Deferred taxes | 168 | €11,221 | - | -€11,221 | |
| Amounts payable | 17/49 | €35,955 | €40,328 | +€4,373 | +12.2% |
| Amounts payable within one year | 42/48 | €34,651 | €38,488 | +€3,837 | +11.1% |
| Current portion of amounts payable after more than one year | 42 | €1,391 | - | -€1,391 | |
| Taxes, remuneration and social security | 45 | €9,936 | €10,751 | +€815 | +8.2% |
| Taxes | 450/3 | €9,936 | €10,751 | +€815 | +8.2% |
| Other amounts payable | 47/48 | €23,324 | €27,737 | +€4,412 | +18.9% |
| Accrued charges and deferred income | 492/3 | €1,304 | €1,840 | +€536 | +41.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,918 | €3,349 | +€431 | +14.8% |
| Other operating charges | 640/8 | €1,617 | €1,668 | +€50 | +3.1% |
| Gross operating margin | 9900 | €33,324 | €26,103 | -€7,221 | -21.7% |
| Operating profit (loss) | 9901 | €28,789 | €21,087 | -€7,702 | -26.8% |
| Financial income | 75/76B | €117 | €551 | +€434 | +369.5% |
| Recurring financial income | 75 | €117 | €551 | +€434 | +369.5% |
| Financial charges | 65/66B | €1,647 | €2,081 | +€434 | +26.3% |
| Recurring financial charges | 65 | €1,647 | €2,081 | +€434 | +26.3% |
| Profit (loss) for the period before taxes | 9903 | €27,259 | €19,557 | -€7,702 | -28.3% |
| Transfer from deferred taxes | 780 | €730 | €11,221 | +€10,491 | +1438.0% |
| Income taxes | 67/77 | €9,936 | €18,910 | +€8,975 | +90.3% |
| Profit (loss) for the period | 9904 | €18,053 | €11,868 | -€6,185 | -34.3% |
| Transfer from tax-exempt reserves | 789 | €2,189 | €33,662 | +€31,474 | +1438.0% |
| Profit (loss) for the period to be appropriated | 9905 | €20,242 | €45,530 | +€25,288 | +124.9% |
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 2 October 2026 via checked.be.