JEMACO: 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.
What changed
JEMACO
NACE 22.210, Manufacture of rubber and plastic products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€35,499
2024 · -€48,118+€83,617
Equity
€1.5m
2024 · €1.4m+€35,499
Cash
€51,504
2024 · €47,697+€3,807
Balance sheet total
€2.5m
2024 · €3.0m-€463,193
Largest movements
Assets
- Receivables within one year -€269,572
down €269,572 (-20.3%), from €1.3m to €1.1m
of which Trade receivables: -€183,078
- Stocks and contracts -€256,659
down €256,659 (-33.4%), from €768,772 to €512,113
- Tangible fixed assets +€43,629
up €43,629 (+7.2%), from €605,949 to €649,578
of which Plant, machinery and equipment: +€89,902
Equity and liabilities
- Short-term financial debts -€392,562
no longer reported in 2025 (was €392,562)
- Debts after one year -€107,059
down €107,059 (-49.0%), from €218,379 to €111,320
- Profit (loss) carried forward +€35,499
up €35,499 (+19.4%), from -€182,557 to -€147,058
Income statement
- Gross operating margin +€194,517
up €194,517 (+28.5%), from €681,819 to €876,336
- Staff costs +€94,815
up €94,815 (+15.7%), from €605,816 to €700,631
- Financial charges -€18,433
down €18,433 (-36.9%), from €49,936 to €31,503
- Depreciation +€13,001
up €13,001 (+12.8%), from €101,310 to €114,311
- Write-downs +€11,078
up €11,078 (+412%), from €2,691 to €13,769
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
-€48,118
Gross operating margin
+€194,517
Staff costs
-€94,815
Depreciation
-€13,001
Write-downs
-€11,078
Other operating charges
-€60
Financial income
-€10,378
Financial charges
+€18,433
Result 2025
€35,499
raises the resultlowers the result
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.
From operations
+€671,611
Investment
-€172,280
Financing
-€495,524
Cash 2024
€47,697
From operations (derived)
+€671,611
Net result for the year
+€35,499
Depreciation
+€114,311
Stocks and contracts
+€256,659
Receivables within one year
+€269,572
Deferred charges and accrued income
-€1,262
Trade debts
-€4,115
Tax, wage and social debts
-€14,093
Other debts
+€1,936
Accrued charges and deferred income
+€13,104
Investment (derived)
-€172,280
Investment in fixed assets (net)
-€172,280
Financing
-€495,524
Debts after one year
-€107,059
Current portion of long-term debt
+€4,098
Short-term financial debts
-€392,562
Cash 2025
€51,504
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,950,193 | €2,487,000 | -€463,193 | -15.7% |
| Fixed assets | 21/28 | €804,183 | €862,152 | +€57,969 | +7.2% |
| Tangible fixed assets | 22/27 | €605,949 | €649,578 | +€43,629 | +7.2% |
| Plant, machinery and equipment | 23 | €141,829 | €231,731 | +€89,902 | +63.4% |
| Furniture and vehicles | 24 | €5,941 | €2,648 | -€3,293 | -55.4% |
| Leasing and similar rights | 25 | €395,466 | €354,219 | -€41,247 | -10.4% |
| Other tangible fixed assets | 26 | €62,713 | €60,981 | -€1,732 | -2.8% |
| Financial fixed assets | 28 | €198,234 | €212,574 | +€14,340 | +7.2% |
| Current assets | 29/58 | €2,146,010 | €1,624,848 | -€521,162 | -24.3% |
| Stocks and contracts in progress | 3 | €768,772 | €512,113 | -€256,659 | -33.4% |
| Stocks | 30/36 | €768,772 | €512,113 | -€256,659 | -33.4% |
| Amounts receivable within one year | 40/41 | €1,325,922 | €1,056,350 | -€269,572 | -20.3% |
| Trade receivables | 40 | €1,088,690 | €905,612 | -€183,078 | -16.8% |
| Other amounts receivable | 41 | €237,232 | €150,739 | -€86,494 | -36.5% |
| Cash at bank and in hand | 54/58 | €47,697 | €51,504 | +€3,807 | +8.0% |
| Deferred charges and accrued income | 490/1 | €3,619 | €4,881 | +€1,262 | +34.9% |
| Total equity and liabilities | 10/49 | €2,950,193 | €2,487,000 | -€463,193 | -15.7% |
| Equity | 10/15 | €1,446,830 | €1,482,329 | +€35,499 | +2.5% |
| Contributions | 10/11 | €1,626,500 | €1,626,500 | = | 0.0% |
| Capital | 10 | €1,626,500 | €1,626,500 | = | 0.0% |
| Issued capital | 100 | €1,626,500 | €1,626,500 | = | 0.0% |
| Reserves | 13 | €2,887 | €2,887 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,887 | €2,887 | = | 0.0% |
| Legal reserve | 130 | €2,887 | €2,887 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€182,557 | -€147,058 | +€35,499 | +19.4% |
| Amounts payable | 17/49 | €1,503,363 | €1,004,671 | -€498,692 | -33.2% |
| Amounts payable after more than one year | 17 | €218,379 | €111,320 | -€107,059 | -49.0% |
| Financial debts | 170/4 | €218,379 | €111,320 | -€107,059 | -49.0% |
| Amounts payable within one year | 42/48 | €1,267,560 | €862,823 | -€404,737 | -31.9% |
| Current portion of amounts payable after more than one year | 42 | €102,962 | €107,059 | +€4,098 | +4.0% |
| Financial debts | 43 | €392,562 | - | -€392,562 | |
| Credit institutions | 430/8 | €392,562 | - | -€392,562 | |
| Trade debts | 44 | €605,838 | €601,723 | -€4,115 | -0.7% |
| Suppliers | 440/4 | €605,838 | €601,723 | -€4,115 | -0.7% |
| Taxes, remuneration and social security | 45 | €166,198 | €152,105 | -€14,093 | -8.5% |
| Taxes | 450/3 | €97,676 | €79,061 | -€18,615 | -19.1% |
| Remuneration and social security | 454/9 | €68,522 | €73,044 | +€4,522 | +6.6% |
| Other amounts payable | 47/48 | - | €1,936 | +€1,936 | |
| Accrued charges and deferred income | 492/3 | €17,424 | €30,528 | +€13,104 | +75.2% |
| Remuneration, social security and pensions | 62 | €605,816 | €700,631 | +€94,815 | +15.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €101,310 | €114,311 | +€13,001 | +12.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,691 | €13,769 | +€11,078 | +412% |
| Other operating charges | 640/8 | €1,539 | €1,598 | +€60 | +3.9% |
| Gross operating margin | 9900 | €681,819 | €876,336 | +€194,517 | +28.5% |
| Operating profit (loss) | 9901 | -€29,537 | €46,026 | +€75,563 | |
| Financial income | 75/76B | €31,354 | €20,976 | -€10,378 | -33.1% |
| Recurring financial income | 75 | €31,354 | €20,976 | -€10,378 | -33.1% |
| Financial charges | 65/66B | €49,936 | €31,503 | -€18,433 | -36.9% |
| Recurring financial charges | 65 | €49,936 | €31,503 | -€18,433 | -36.9% |
| Profit (loss) for the period before taxes | 9903 | -€48,118 | €35,499 | +€83,617 | |
| Profit (loss) for the period | 9904 | -€48,118 | €35,499 | +€83,617 | |
| Profit (loss) for the period to be appropriated | 9905 | -€48,118 | €35,499 | +€83,617 |
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 13 October 2026 via checked.be.