Jemax: 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.
Jemax
Largest movements
- Receivables within one year +€105,503
up €105,503 (+1,102%), from €9,571 to €115,074
of which Other amounts receivable: +€94,453
- Cash -€66,136
down €66,136 (-55.6%), from €119,012 to €52,876
mainly Receivables within one year (-€105,503) and Trade debts (-€3,852)
- Reserves +€34,988
up €34,988 (+42.9%), from €81,469 to €116,457
- Tax, wage and social debts +€7,559
up €7,559 (+20.2%), from €37,430 to €44,990
- Trade debts -€3,852
down €3,852 (-53.6%), from €7,182 to €3,330
- Gross operating margin -€62,103
down €62,103 (-57.0%), from €109,006 to €46,903
- Taxes -€14,379
down €14,379 (-56.6%), from €25,385 to €11,006
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 | €131,105 | €169,777 | +€38,672 | +29.5% |
| Fixed assets | 21/28 | €2,522 | €1,827 | -€695 | -27.6% |
| Tangible fixed assets | 22/27 | €2,522 | €1,827 | -€695 | -27.6% |
| Plant, machinery and equipment | 23 | €1,163 | €775 | -€388 | -33.4% |
| Furniture and vehicles | 24 | €1,359 | €1,052 | -€307 | -22.6% |
| Current assets | 29/58 | €128,583 | €167,950 | +€39,367 | +30.6% |
| Amounts receivable within one year | 40/41 | €9,571 | €115,074 | +€105,503 | +1,102% |
| Trade receivables | 40 | - | €11,050 | +€11,050 | |
| Other amounts receivable | 41 | €9,571 | €104,024 | +€94,453 | +987% |
| Cash at bank and in hand | 54/58 | €119,012 | €52,876 | -€66,136 | -55.6% |
| Total equity and liabilities | 10/49 | €131,105 | €169,777 | +€38,672 | +29.5% |
| Equity | 10/15 | €86,469 | €121,457 | +€34,988 | +40.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €81,469 | €116,457 | +€34,988 | +42.9% |
| Distributable reserves | 133 | €81,469 | €116,457 | +€34,988 | +42.9% |
| Amounts payable | 17/49 | €44,636 | €48,320 | +€3,684 | +8.3% |
| Amounts payable within one year | 42/48 | €44,613 | €48,320 | +€3,707 | +8.3% |
| Trade debts | 44 | €7,182 | €3,330 | -€3,852 | -53.6% |
| Suppliers | 440/4 | €7,182 | €3,330 | -€3,852 | -53.6% |
| Taxes, remuneration and social security | 45 | €37,430 | €44,990 | +€7,559 | +20.2% |
| Taxes | 450/3 | €37,430 | €44,990 | +€7,559 | +20.2% |
| Accrued charges and deferred income | 492/3 | €23 | €0 | -€23 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,716 | €695 | -€1,021 | -59.5% |
| Other operating charges | 640/8 | €366 | €585 | +€219 | +59.9% |
| Gross operating margin | 9900 | €109,006 | €46,903 | -€62,103 | -57.0% |
| Operating profit (loss) | 9901 | €106,924 | €45,623 | -€61,301 | -57.3% |
| Financial income | 75/76B | - | €782 | +€782 | |
| Recurring financial income | 75 | - | €782 | +€782 | |
| Financial charges | 65/66B | €70 | €411 | +€341 | +489% |
| Recurring financial charges | 65 | €70 | €411 | +€341 | +489% |
| Profit (loss) for the period before taxes | 9903 | €106,855 | €45,994 | -€60,860 | -57.0% |
| Income taxes | 67/77 | €25,385 | €11,006 | -€14,379 | -56.6% |
| Profit (loss) for the period | 9904 | €81,469 | €34,988 | -€46,481 | -57.1% |
| Profit (loss) for the period to be appropriated | 9905 | €81,469 | €34,988 | -€46,481 | -57.1% |
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 14 October 2026 via checked.be.