JEMISOL: 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.
What changed
JEMISOL
NACE 43.230, Insulation installation
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€308,370
2024 · €368,125-€59,755
Equity
€2.5m
2024 · €2.3m+€234,363
Cash
€356,940
2024 · €904,590-€547,650
Balance sheet total
€3.9m
2024 · €3.6m+€312,491
Largest movements
Assets
- Cash -€547,650
down €547,650 (-60.5%), from €904,590 to €356,940
mainly Receivables within one year (-€473,051) and Current investments (-€281,755)
- Receivables within one year +€473,051
up €473,051 (+32.4%), from €1.5m to €1.9m
of which Trade receivables: +€604,199
- Current investments +€281,755
up €281,755 (+37.6%), from €750,000 to €1.0m
- Tangible fixed assets +€124,283
up €124,283 (+42.3%), from €293,863 to €418,145
of which Land and buildings: +€114,113
Equity and liabilities
- Profit (loss) carried forward +€234,363
up €234,363 (+14.7%), from €1.6m to €1.8m
- Debts after one year +€149,769
up €149,769 (+135.0%), from €110,906 to €260,675
- Short-term financial debts -€74,678
down €74,678 (-67.9%), from €109,984 to €35,307
Income statement
- Staff costs +€57,319
up €57,319 (+1.9%), from €3.0m to €3.1m
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.
Result 2024
€368,125
Gross operating margin
+€30,485
Staff costs
-€57,319
Depreciation
-€35,543
Other operating charges
+€1,871
Other operating items
-€8,179
Financial income
+€6,756
Financial charges
-€5,267
Taxes
+€7,441
Result 2025
€308,370
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.
From operations
-€30,774
Investment
-€532,585
Financing
+€15,709
Cash 2024
€904,590
From operations (derived)
-€30,774
Net result for the year
+€308,370
Depreciation
+€126,547
Stocks and contracts
+€20,201
Receivables within one year
-€473,051
Deferred charges and accrued income
-€1,252
Trade debts
+€5,694
Tax, wage and social debts
-€18,163
Advances received
-€360
Accrued charges and deferred income
+€1,240
Investment (derived)
-€532,585
Investment in fixed assets (net)
-€250,830
Current investments
-€281,755
Financing
+€15,709
Debts after one year
+€149,769
Current portion of long-term debt
+€14,625
Short-term financial debts
-€74,678
Contributions, distributions and other
-€74,007
Cash 2025
€356,940
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,629,176 | €3,941,667 | +€312,491 | +8.6% |
| Fixed assets | 21/28 | €295,885 | €420,168 | +€124,283 | +42.0% |
| Tangible fixed assets | 22/27 | €293,863 | €418,145 | +€124,283 | +42.3% |
| Land and buildings | 22 | €46,074 | €160,187 | +€114,113 | +247.7% |
| Plant, machinery and equipment | 23 | €54,075 | €53,038 | -€1,037 | -1.9% |
| Furniture and vehicles | 24 | €28,276 | €36,347 | +€8,071 | +28.5% |
| Leasing and similar rights | 25 | €165,437 | €168,573 | +€3,136 | +1.9% |
| Financial fixed assets | 28 | €2,022 | €2,022 | = | 0.0% |
| Current assets | 29/58 | €3,333,291 | €3,521,499 | +€188,208 | +5.6% |
| Stocks and contracts in progress | 3 | €216,346 | €196,146 | -€20,201 | -9.3% |
| Stocks | 30/36 | €216,346 | €196,146 | -€20,201 | -9.3% |
| Amounts receivable within one year | 40/41 | €1,458,937 | €1,931,988 | +€473,051 | +32.4% |
| Trade receivables | 40 | €1,214,271 | €1,818,470 | +€604,199 | +49.8% |
| Other amounts receivable | 41 | €244,666 | €113,518 | -€131,148 | -53.6% |
| Current investments | 50/53 | €750,000 | €1,031,755 | +€281,755 | +37.6% |
| Cash at bank and in hand | 54/58 | €904,590 | €356,940 | -€547,650 | -60.5% |
| Deferred charges and accrued income | 490/1 | €3,418 | €4,670 | +€1,252 | +36.6% |
| Total equity and liabilities | 10/49 | €3,629,176 | €3,941,667 | +€312,491 | +8.6% |
| Equity | 10/15 | €2,287,092 | €2,521,455 | +€234,363 | +10.2% |
| Contributions | 10/11 | €344,368 | €344,368 | = | 0.0% |
| Capital | 10 | €344,368 | €344,368 | = | 0.0% |
| Issued capital | 100 | €344,368 | €344,368 | = | 0.0% |
| Reserves | 13 | €328,796 | €328,796 | = | 0.0% |
| Non-distributable reserves | 130/1 | €34,437 | €34,437 | = | 0.0% |
| Legal reserve | 130 | €34,437 | €34,437 | = | 0.0% |
| Tax-exempt reserves | 132 | €77,176 | €77,176 | = | 0.0% |
| Distributable reserves | 133 | €217,184 | €217,184 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,596,918 | €1,831,281 | +€234,363 | +14.7% |
| Investment grants | 15 | €17,010 | €17,010 | = | 0.0% |
| Amounts payable | 17/49 | €1,342,084 | €1,420,212 | +€78,127 | +5.8% |
| Amounts payable after more than one year | 17 | €110,906 | €260,675 | +€149,769 | +135.0% |
| Financial debts | 170/4 | €110,906 | €260,675 | +€149,769 | +135.0% |
| Amounts payable within one year | 42/48 | €1,230,079 | €1,157,198 | -€72,881 | -5.9% |
| Current portion of amounts payable after more than one year | 42 | €65,201 | €79,826 | +€14,625 | +22.4% |
| Financial debts | 43 | €109,984 | €35,307 | -€74,678 | -67.9% |
| Credit institutions | 430/8 | €109,984 | €35,307 | -€74,678 | -67.9% |
| Trade debts | 44 | €698,923 | €704,617 | +€5,694 | +0.8% |
| Suppliers | 440/4 | €698,923 | €704,617 | +€5,694 | +0.8% |
| Advances received on contracts in progress | 46 | €604 | €245 | -€360 | -59.5% |
| Taxes, remuneration and social security | 45 | €133,366 | €115,203 | -€18,163 | -13.6% |
| Taxes | 450/3 | €64 | €9,924 | +€9,859 | +15311.6% |
| Remuneration and social security | 454/9 | €133,302 | €105,280 | -€28,022 | -21.0% |
| Other amounts payable | 47/48 | €222,000 | €222,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,099 | €2,339 | +€1,240 | +112.8% |
| Non-recurring operating income | 76A | €10,310 | - | -€10,310 | |
| Remuneration, social security and pensions | 62 | €3,011,345 | €3,068,664 | +€57,319 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,004 | €126,547 | +€35,543 | +39.1% |
| Other operating charges | 640/8 | €20,098 | €18,227 | -€1,871 | -9.3% |
| Non-recurring operating charges | 66A | - | €8,179 | +€8,179 | |
| Gross operating margin | 9900 | €3,615,988 | €3,646,473 | +€30,485 | +0.8% |
| Operating profit (loss) | 9901 | €493,541 | €424,856 | -€68,685 | -13.9% |
| Financial income | 75/76B | €13,646 | €20,402 | +€6,756 | +49.5% |
| Recurring financial income | 75 | €13,646 | €20,402 | +€6,756 | +49.5% |
| Financial charges | 65/66B | €14,410 | €19,677 | +€5,267 | +36.5% |
| Recurring financial charges | 65 | €14,410 | €19,677 | +€5,267 | +36.5% |
| Profit (loss) for the period before taxes | 9903 | €492,777 | €425,581 | -€67,196 | -13.6% |
| Income taxes | 67/77 | €124,652 | €117,211 | -€7,441 | -6.0% |
| Profit (loss) for the period | 9904 | €368,125 | €308,370 | -€59,755 | -16.2% |
| Profit (loss) for the period to be appropriated | 9905 | €368,125 | €308,370 | -€59,755 | -16.2% |
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 5 October 2026 via checked.be.