JEMARIM: 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.
JEMARIM
Largest movements
- Tangible fixed assets -€22,481
down €22,481 (-3.0%), from €737,492 to €715,012
of which Land and buildings: -€21,975
- Current portion of long-term debt -€74,906
down €74,906 (-93.7%), from €79,906 to €5,000
- Reserves +€70,744
up €70,744 (+14.5%), from €489,282 to €560,026
of which Distributable reserves: +€70,744
- Other debts -€21,376
down €21,376 (-15.5%), from €137,477 to €116,100
- Tax, wage and social debts +€9,264
up €9,264 (+68.8%), from €13,470 to €22,734
- Financial charges -€2,126
down €2,126 (-14.8%), from €14,408 to €12,283
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 | €742,789 | €722,422 | -€20,367 | -2.7% |
| Fixed assets | 21/28 | €737,492 | €715,012 | -€22,481 | -3.0% |
| Tangible fixed assets | 22/27 | €737,492 | €715,012 | -€22,481 | -3.0% |
| Land and buildings | 22 | €734,292 | €712,317 | -€21,975 | -3.0% |
| Plant, machinery and equipment | 23 | €237 | €0 | -€237 | -100% |
| Furniture and vehicles | 24 | €731 | €934 | +€202 | +27.7% |
| Other tangible fixed assets | 26 | €2,232 | €1,760 | -€471 | -21.1% |
| Current assets | 29/58 | €5,297 | €7,410 | +€2,114 | +39.9% |
| Amounts receivable within one year | 40/41 | €393 | €1,727 | +€1,334 | +340% |
| Trade receivables | 40 | €393 | €1,723 | +€1,330 | +339% |
| Other amounts receivable | 41 | €0 | €4 | +€4 | |
| Cash at bank and in hand | 54/58 | €892 | €1,499 | +€607 | +68.0% |
| Deferred charges and accrued income | 490/1 | €4,012 | €4,184 | +€172 | +4.3% |
| Total equity and liabilities | 10/49 | €742,789 | €722,422 | -€20,367 | -2.7% |
| Equity | 10/15 | €499,851 | €570,595 | +€70,744 | +14.2% |
| Contributions | 10/11 | €10,569 | €10,569 | = | 0.0% |
| Reserves | 13 | €489,282 | €560,026 | +€70,744 | +14.5% |
| Tax-exempt reserves | 132 | €68 | €68 | = | 0.0% |
| Distributable reserves | 133 | €489,214 | €559,957 | +€70,744 | +14.5% |
| Amounts payable | 17/49 | €242,938 | €151,827 | -€91,111 | -37.5% |
| Amounts payable after more than one year | 17 | €5,000 | €0 | -€5,000 | -100% |
| Financial debts | 170/4 | €5,000 | €0 | -€5,000 | -100% |
| Amounts payable within one year | 42/48 | €237,938 | €150,709 | -€87,229 | -36.7% |
| Current portion of amounts payable after more than one year | 42 | €79,906 | €5,000 | -€74,906 | -93.7% |
| Financial debts | 43 | €356 | €136 | -€220 | -61.8% |
| Credit institutions | 430/8 | €356 | €136 | -€220 | -61.8% |
| Trade debts | 44 | €6,729 | €6,738 | +€9 | +0.1% |
| Suppliers | 440/4 | €6,729 | €6,738 | +€9 | +0.1% |
| Taxes, remuneration and social security | 45 | €13,470 | €22,734 | +€9,264 | +68.8% |
| Taxes | 450/3 | €13,470 | €22,734 | +€9,264 | +68.8% |
| Other amounts payable | 47/48 | €137,477 | €116,100 | -€21,376 | -15.5% |
| Accrued charges and deferred income | 492/3 | - | €1,118 | +€1,118 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,379 | €23,535 | +€1,156 | +5.2% |
| Other operating charges | 640/8 | €6,304 | €6,238 | -€65 | -1.0% |
| Gross operating margin | 9900 | €148,235 | €147,123 | -€1,112 | -0.8% |
| Operating profit (loss) | 9901 | €119,553 | €117,349 | -€2,203 | -1.8% |
| Financial income | 75/76B | €0 | €0 | +€0 | +57.1% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +57.1% |
| Financial charges | 65/66B | €14,408 | €12,283 | -€2,126 | -14.8% |
| Recurring financial charges | 65 | €14,408 | €12,283 | -€2,126 | -14.8% |
| Profit (loss) for the period before taxes | 9903 | €105,144 | €105,067 | -€77 | -0.1% |
| Income taxes | 67/77 | €34,109 | €34,323 | +€215 | +0.6% |
| Profit (loss) for the period | 9904 | €71,036 | €70,744 | -€292 | -0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €71,036 | €70,744 | -€292 | -0.4% |
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.