JEMAVET: 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.
JEMAVET
Largest movements
- Stocks and contracts -€19,937
down €19,937 (-41.3%), from €48,256 to €28,319
- Intangible fixed assets -€18,000
down €18,000 (-25.9%), from €69,568 to €51,568
- Current investments -€13,474
down €13,474 (-11.7%), from €115,000 to €101,526
- Receivables within one year +€12,808
up €12,808 (+9.1%), from €140,625 to €153,433
of which Other amounts receivable: +€11,286
- Tangible fixed assets -€5,932
down €5,932 (-27.0%), from €21,980 to €16,048
of which Furniture and vehicles: -€4,042
- Reserves -€105,000
down €105,000 (-41.7%), from €252,000 to €147,000
- Other debts +€50,626
up €50,626 (+83.5%), from €60,652 to €111,278
- Trade debts +€19,112
up €19,112 (+68.8%), from €27,796 to €46,908
- Tax, wage and social debts -€5,293
down €5,293 (-37.6%), from €14,095 to €8,802
of which Taxes: -€4,633
- Current portion of long-term debt -€5,000
no longer reported in 2025 (was €5,000)
- Gross operating margin -€22,820
down €22,820 (-20.8%), from €109,562 to €86,742
- Financial charges +€11,652
up €11,652 (+3018.7%), from €386 to €12,038
- Taxes -€7,667
down €7,667 (-32.2%), from €23,782 to €16,115
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 | €464,647 | €419,317 | -€45,330 | -9.8% |
| Fixed assets | 21/28 | €91,578 | €67,646 | -€23,932 | -26.1% |
| Intangible fixed assets | 21 | €69,568 | €51,568 | -€18,000 | -25.9% |
| Tangible fixed assets | 22/27 | €21,980 | €16,048 | -€5,932 | -27.0% |
| Plant, machinery and equipment | 23 | €13,800 | €11,910 | -€1,890 | -13.7% |
| Furniture and vehicles | 24 | €8,180 | €4,138 | -€4,042 | -49.4% |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €373,069 | €351,671 | -€21,398 | -5.7% |
| Stocks and contracts in progress | 3 | €48,256 | €28,319 | -€19,937 | -41.3% |
| Stocks | 30/36 | €48,256 | €28,319 | -€19,937 | -41.3% |
| Amounts receivable within one year | 40/41 | €140,625 | €153,433 | +€12,808 | +9.1% |
| Trade receivables | 40 | €124,911 | €126,433 | +€1,522 | +1.2% |
| Other amounts receivable | 41 | €15,714 | €27,000 | +€11,286 | +71.8% |
| Current investments | 50/53 | €115,000 | €101,526 | -€13,474 | -11.7% |
| Cash at bank and in hand | 54/58 | €69,037 | €68,238 | -€799 | -1.2% |
| Deferred charges and accrued income | 490/1 | €151 | €155 | +€4 | +2.6% |
| Total equity and liabilities | 10/49 | €464,647 | €419,317 | -€45,330 | -9.8% |
| Equity | 10/15 | €357,091 | €252,329 | -€104,762 | -29.3% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €252,000 | €147,000 | -€105,000 | -41.7% |
| Distributable reserves | 133 | €252,000 | €147,000 | -€105,000 | -41.7% |
| Profit (loss) carried forward | 14 | €84,631 | €84,869 | +€238 | +0.3% |
| Amounts payable | 17/49 | €107,556 | €166,988 | +€59,432 | +55.3% |
| Amounts payable within one year | 42/48 | €107,543 | €166,988 | +€59,445 | +55.3% |
| Current portion of amounts payable after more than one year | 42 | €5,000 | - | -€5,000 | |
| Trade debts | 44 | €27,796 | €46,908 | +€19,112 | +68.8% |
| Suppliers | 440/4 | €27,796 | €46,908 | +€19,112 | +68.8% |
| Taxes, remuneration and social security | 45 | €14,095 | €8,802 | -€5,293 | -37.6% |
| Taxes | 450/3 | €13,435 | €8,802 | -€4,633 | -34.5% |
| Remuneration and social security | 454/9 | €660 | - | -€660 | |
| Other amounts payable | 47/48 | €60,652 | €111,278 | +€50,626 | +83.5% |
| Accrued charges and deferred income | 492/3 | €13 | - | -€13 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,576 | €23,932 | +€356 | +1.5% |
| Other operating charges | 640/8 | €144 | €152 | +€8 | +5.6% |
| Gross operating margin | 9900 | €109,562 | €86,742 | -€22,820 | -20.8% |
| Operating profit (loss) | 9901 | €85,842 | €62,658 | -€23,184 | -27.0% |
| Financial income | 75/76B | €497 | €733 | +€236 | +47.5% |
| Recurring financial income | 75 | €497 | €733 | +€236 | +47.5% |
| Financial charges | 65/66B | €386 | €12,038 | +€11,652 | +3018.7% |
| Recurring financial charges | 65 | €386 | €12,038 | +€11,652 | +3018.7% |
| Profit (loss) for the period before taxes | 9903 | €85,953 | €51,353 | -€34,600 | -40.3% |
| Income taxes | 67/77 | €23,782 | €16,115 | -€7,667 | -32.2% |
| Profit (loss) for the period | 9904 | €62,171 | €35,238 | -€26,933 | -43.3% |
| Profit (loss) for the period to be appropriated | 9905 | €62,171 | €35,238 | -€26,933 | -43.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.