JEMC: 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.
JEMC
Largest movements
- Cash +€38,627
up €38,627 (+29.7%), from €130,097 to €168,723
mainly Net result for the year (+€43,105) and Depreciation (+€6,744)
- Tangible fixed assets -€6,744
down €6,744 (-32.3%), from €20,897 to €14,153
- Receivables within one year +€3,445
up €3,445 (+14.2%), from €24,339 to €27,785
of which Other amounts receivable: +€3,354
- Reserves +€43,105
up €43,105 (+31.4%), from €137,427 to €180,532
- Debts after one year -€7,755
down €7,755 (-100.0%), from €7,755 to €0
- Gross operating margin -€32,547
down €32,547 (-33.8%), from €96,399 to €63,852
- Taxes -€6,165
down €6,165 (-34.6%), from €17,811 to €11,646
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 | €176,130 | €213,132 | +€37,002 | +21.0% |
| Fixed assets | 21/28 | €20,897 | €14,153 | -€6,744 | -32.3% |
| Tangible fixed assets | 22/27 | €20,897 | €14,153 | -€6,744 | -32.3% |
| Leasing and similar rights | 25 | €20,897 | €14,153 | -€6,744 | -32.3% |
| Current assets | 29/58 | €155,233 | €198,979 | +€43,746 | +28.2% |
| Amounts receivable within one year | 40/41 | €24,339 | €27,785 | +€3,445 | +14.2% |
| Trade receivables | 40 | €18,150 | €18,241 | +€91 | +0.5% |
| Other amounts receivable | 41 | €6,189 | €9,544 | +€3,354 | +54.2% |
| Cash at bank and in hand | 54/58 | €130,097 | €168,723 | +€38,627 | +29.7% |
| Deferred charges and accrued income | 490/1 | €797 | €2,471 | +€1,674 | +210.0% |
| Total equity and liabilities | 10/49 | €176,130 | €213,132 | +€37,002 | +21.0% |
| Equity | 10/15 | €147,427 | €190,532 | +€43,105 | +29.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €137,427 | €180,532 | +€43,105 | +31.4% |
| Distributable reserves | 133 | €137,427 | €180,532 | +€43,105 | +31.4% |
| Amounts payable | 17/49 | €28,703 | €22,600 | -€6,103 | -21.3% |
| Amounts payable after more than one year | 17 | €7,755 | €0 | -€7,755 | -100.0% |
| Financial debts | 170/4 | €7,755 | €0 | -€7,755 | -100.0% |
| Amounts payable within one year | 42/48 | €20,948 | €22,600 | +€1,652 | +7.9% |
| Current portion of amounts payable after more than one year | 42 | €7,423 | €7,755 | +€332 | +4.5% |
| Trade debts | 44 | €1,883 | €2,232 | +€350 | +18.6% |
| Suppliers | 440/4 | €1,883 | €2,232 | +€350 | +18.6% |
| Taxes, remuneration and social security | 45 | €9,717 | €9,727 | +€10 | +0.1% |
| Taxes | 450/3 | €9,717 | €9,727 | +€10 | +0.1% |
| Other amounts payable | 47/48 | €1,926 | €2,886 | +€960 | +49.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,744 | €6,744 | = | 0.0% |
| Other operating charges | 640/8 | €1,626 | €1,655 | +€29 | +1.8% |
| Gross operating margin | 9900 | €96,399 | €63,852 | -€32,547 | -33.8% |
| Operating profit (loss) | 9901 | €88,029 | €55,454 | -€32,576 | -37.0% |
| Financial income | 75/76B | €5 | €0 | -€5 | -99.8% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -99.8% |
| Financial charges | 65/66B | €1,041 | €703 | -€338 | -32.5% |
| Recurring financial charges | 65 | €1,041 | €703 | -€338 | -32.5% |
| Profit (loss) for the period before taxes | 9903 | €86,993 | €54,750 | -€32,243 | -37.1% |
| Income taxes | 67/77 | €17,811 | €11,646 | -€6,165 | -34.6% |
| Profit (loss) for the period | 9904 | €69,183 | €43,105 | -€26,078 | -37.7% |
| Profit (loss) for the period to be appropriated | 9905 | €69,183 | €43,105 | -€26,078 | -37.7% |
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 8 October 2026 via checked.be.