JEMAT: 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.
JEMAT
Largest movements
- Tangible fixed assets -€47,485
down €47,485 (-5.5%), from €864,262 to €816,777
- Receivables within one year -€33,334
down €33,334 (-18.4%), from €181,000 to €147,666
of which Other amounts receivable: -€146,046
- Cash -€14,252
down €14,252 (-53.7%), from €26,534 to €12,283
mainly Other debts (-€71,296) and Debts after one year (-€36,880)
- Other debts -€71,296
down €71,296 (-36.8%), from €193,523 to €122,227
- Reserves +€43,615
up €43,615 (+12.3%), from €355,388 to €399,003
of which Distributable reserves: +€43,615
- Debts after one year -€36,880
down €36,880 (-9.8%), from €375,498 to €338,618
- Accrued charges and deferred income -€34,816
down €34,816 (-89.5%), from €38,916 to €4,100
- Gross operating margin +€18,329
up €18,329 (+16.9%), from €108,366 to €126,694
- Financial charges -€8,811
down €8,811 (-33.1%), from €26,621 to €17,810
- Taxes +€6,857
up €6,857 (+6511.1%), from €105 to €6,963
- Other operating charges -€3,733
down €3,733 (-41.7%), from €8,956 to €5,223
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 | €1,072,453 | €976,726 | -€95,727 | -8.9% |
| Fixed assets | 21/28 | €864,262 | €816,777 | -€47,485 | -5.5% |
| Tangible fixed assets | 22/27 | €864,262 | €816,777 | -€47,485 | -5.5% |
| Land and buildings | 22 | €864,262 | €816,777 | -€47,485 | -5.5% |
| Current assets | 29/58 | €208,191 | €159,949 | -€48,242 | -23.2% |
| Amounts receivable within one year | 40/41 | €181,000 | €147,666 | -€33,334 | -18.4% |
| Trade receivables | 40 | - | €112,713 | +€112,713 | |
| Other amounts receivable | 41 | €181,000 | €34,954 | -€146,046 | -80.7% |
| Cash at bank and in hand | 54/58 | €26,534 | €12,283 | -€14,252 | -53.7% |
| Deferred charges and accrued income | 490/1 | €657 | - | -€657 | |
| Total equity and liabilities | 10/49 | €1,072,453 | €976,726 | -€95,727 | -8.9% |
| Equity | 10/15 | €417,388 | €461,003 | +€43,615 | +10.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €355,388 | €399,003 | +€43,615 | +12.3% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €349,188 | €392,803 | +€43,615 | +12.5% |
| Amounts payable | 17/49 | €655,065 | €515,723 | -€139,342 | -21.3% |
| Amounts payable after more than one year | 17 | €375,498 | €338,618 | -€36,880 | -9.8% |
| Financial debts | 170/4 | €375,498 | €338,618 | -€36,880 | -9.8% |
| Amounts payable within one year | 42/48 | €240,652 | €173,005 | -€67,647 | -28.1% |
| Current portion of amounts payable after more than one year | 42 | €35,729 | €36,880 | +€1,150 | +3.2% |
| Financial debts | 43 | €1,011 | €1,018 | +€7 | +0.7% |
| Other loans | 439 | €1,011 | €1,018 | +€7 | +0.7% |
| Trade debts | 44 | €10,388 | €7,616 | -€2,772 | -26.7% |
| Suppliers | 440/4 | €10,388 | €7,616 | -€2,772 | -26.7% |
| Taxes, remuneration and social security | 45 | - | €5,264 | +€5,264 | |
| Taxes | 450/3 | - | €5,264 | +€5,264 | |
| Other amounts payable | 47/48 | €193,523 | €122,227 | -€71,296 | -36.8% |
| Accrued charges and deferred income | 492/3 | €38,916 | €4,100 | -€34,816 | -89.5% |
| Non-recurring operating income | 76A | - | €5,750 | +€5,750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,878 | €53,112 | +€1,233 | +2.4% |
| Other operating charges | 640/8 | €8,956 | €5,223 | -€3,733 | -41.7% |
| Gross operating margin | 9900 | €108,366 | €126,694 | +€18,329 | +16.9% |
| Operating profit (loss) | 9901 | €47,531 | €68,359 | +€20,828 | +43.8% |
| Financial income | 75/76B | €357 | €29 | -€328 | -92.0% |
| Recurring financial income | 75 | €357 | €29 | -€328 | -92.0% |
| Financial charges | 65/66B | €26,621 | €17,810 | -€8,811 | -33.1% |
| Recurring financial charges | 65 | €26,621 | €17,810 | -€8,811 | -33.1% |
| Profit (loss) for the period before taxes | 9903 | €21,267 | €50,578 | +€29,311 | +137.8% |
| Income taxes | 67/77 | €105 | €6,963 | +€6,857 | +6511.1% |
| Profit (loss) for the period | 9904 | €21,162 | €43,615 | +€22,453 | +106.1% |
| Profit (loss) for the period to be appropriated | 9905 | €21,162 | €43,615 | +€22,453 | +106.1% |
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 29 September 2026 via checked.be.