JEMANA: 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.
JEMANA
Largest movements
- Cash +€105,727
up €105,727 (+61.7%), from €171,226 to €276,953
mainly Net result for the year (+€98,941) and Tax, wage and social debts (+€6,161)
- Reserves +€98,941
up €98,941 (+16.7%), from €592,585 to €691,527
- Gross operating margin +€7,236
up €7,236 (+3.2%), from €226,060 to €233,296
- Staff costs +€5,208
up €5,208 (+5.6%), from €92,589 to €97,797
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 | €1,178,220 | €1,277,862 | +€99,641 | +8.5% |
| Fixed assets | 21/28 | €1,000,468 | €1,000,060 | -€408 | 0.0% |
| Tangible fixed assets | 22/27 | €468 | €60 | -€408 | -87.1% |
| Furniture and vehicles | 24 | €468 | €60 | -€408 | -87.1% |
| Financial fixed assets | 28 | €1,000,000 | €1,000,000 | = | 0.0% |
| Current assets | 29/58 | €177,752 | €277,801 | +€100,049 | +56.3% |
| Amounts receivable within one year | 40/41 | €851 | - | -€851 | |
| Other amounts receivable | 41 | €851 | - | -€851 | |
| Cash at bank and in hand | 54/58 | €171,226 | €276,953 | +€105,727 | +61.7% |
| Deferred charges and accrued income | 490/1 | €5,675 | €848 | -€4,827 | -85.1% |
| Total equity and liabilities | 10/49 | €1,178,220 | €1,277,862 | +€99,641 | +8.5% |
| Equity | 10/15 | €1,112,585 | €1,211,527 | +€98,941 | +8.9% |
| Contributions | 10/11 | €520,000 | €520,000 | = | 0.0% |
| Reserves | 13 | €592,585 | €691,527 | +€98,941 | +16.7% |
| Distributable reserves | 133 | €592,585 | €691,527 | +€98,941 | +16.7% |
| Amounts payable | 17/49 | €65,635 | €66,335 | +€700 | +1.1% |
| Amounts payable within one year | 42/48 | €65,635 | €66,335 | +€700 | +1.1% |
| Trade debts | 44 | €12,311 | €1,059 | -€11,252 | -91.4% |
| Suppliers | 440/4 | €12,311 | €1,059 | -€11,252 | -91.4% |
| Taxes, remuneration and social security | 45 | €53,324 | €59,485 | +€6,161 | +11.6% |
| Taxes | 450/3 | €29,653 | €35,475 | +€5,822 | +19.6% |
| Remuneration and social security | 454/9 | €23,671 | €24,010 | +€339 | +1.4% |
| Other amounts payable | 47/48 | - | €5,792 | +€5,792 | |
| Remuneration, social security and pensions | 62 | €92,589 | €97,797 | +€5,208 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,606 | €408 | -€1,199 | -74.6% |
| Other operating charges | 640/8 | €1,388 | €1,641 | +€254 | +18.3% |
| Gross operating margin | 9900 | €226,060 | €233,296 | +€7,236 | +3.2% |
| Operating profit (loss) | 9901 | €130,477 | €133,450 | +€2,973 | +2.3% |
| Financial income | 75/76B | - | €60 | +€60 | |
| Recurring financial income | 75 | - | €60 | +€60 | |
| Financial charges | 65/66B | €752 | €935 | +€183 | +24.3% |
| Recurring financial charges | 65 | €752 | €935 | +€183 | +24.3% |
| Profit (loss) for the period before taxes | 9903 | €129,725 | €132,575 | +€2,851 | +2.2% |
| Income taxes | 67/77 | €33,108 | €33,634 | +€526 | +1.6% |
| Profit (loss) for the period | 9904 | €96,616 | €98,941 | +€2,325 | +2.4% |
| Profit (loss) for the period to be appropriated | 9905 | €96,616 | €98,941 | +€2,325 | +2.4% |
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 17 October 2026 via checked.be.