JEMKO: 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.
JEMKO
Largest movements
- Tangible fixed assets -€9,111
down €9,111 (-27.6%), from €33,039 to €23,928
of which Furniture and vehicles: -€7,949
- Cash -€6,607
down €6,607 (-13.2%), from €50,188 to €43,581
mainly Contributions, distributions and other (-€20,000) and Debts after one year (-€6,616)
- Stocks and contracts +€4,653
up €4,653 (+163.1%), from €2,853 to €7,507
of which Stocks: +€4,653
- Receivables within one year -€2,910
down €2,910 (-12.1%), from €24,151 to €21,240
of which Trade receivables: -€7,846
- Reserves -€13,424
down €13,424 (-23.0%), from €58,456 to €45,032
of which Distributable reserves: -€13,424
- Debts after one year -€6,616
down €6,616 (-85.4%), from €7,746 to €1,131
of which Financial debts: -€6,616
- Trade debts +€5,843
up €5,843 (+73.2%), from €7,980 to €13,822
of which Suppliers: +€5,843
- Gross operating margin -€19,195
down €19,195 (-45.1%), from €42,559 to €23,364
- Taxes -€3,402
down €3,402 (-54.5%), from €6,241 to €2,839
- Depreciation +€1,002
up €1,002 (+10.5%), from €9,564 to €10,566
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 | €112,033 | €98,076 | -€13,956 | -12.5% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €33,939 | €24,828 | -€9,111 | -26.8% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €33,039 | €23,928 | -€9,111 | -27.6% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €9,496 | €8,334 | -€1,162 | -12.2% |
| Furniture and vehicles | 24 | €23,543 | €15,594 | -€7,949 | -33.8% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €78,094 | €73,249 | -€4,845 | -6.2% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Trade receivables | 290 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €2,853 | €7,507 | +€4,653 | +163.1% |
| Stocks | 30/36 | €2,853 | €7,507 | +€4,653 | +163.1% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €24,151 | €21,240 | -€2,910 | -12.1% |
| Trade receivables | 40 | €23,917 | €16,071 | -€7,846 | -32.8% |
| Other amounts receivable | 41 | €234 | €5,169 | +€4,935 | +2113.6% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €50,188 | €43,581 | -€6,607 | -13.2% |
| Deferred charges and accrued income | 490/1 | €902 | €921 | +€19 | +2.1% |
| Total equity and liabilities | 10/49 | €112,033 | €98,076 | -€13,956 | -12.5% |
| Equity | 10/15 | €63,456 | €50,032 | -€13,424 | -21.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Revaluation surpluses | 12 | €0 | - | = | |
| Reserves | 13 | €58,456 | €45,032 | -€13,424 | -23.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Own shares acquired | 1312 | €0 | - | = | |
| Financial assistance | 1313 | €0 | - | = | |
| Other | 1319 | €0 | - | = | |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €58,456 | €45,032 | -€13,424 | -23.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Investment grants | 15 | €0 | - | = | |
| Advance to shareholders on the distribution of net assets | 19 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Pensions and similar obligations | 160 | €0 | - | = | |
| Taxes | 161 | €0 | - | = | |
| Major repairs and maintenance | 162 | €0 | - | = | |
| Environmental obligations | 163 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €48,576 | €48,044 | -€532 | -1.1% |
| Amounts payable after more than one year | 17 | €7,746 | €1,131 | -€6,616 | -85.4% |
| Financial debts | 170/4 | €7,746 | €1,131 | -€6,616 | -85.4% |
| Trade debts | 175 | €0 | - | = | |
| Advances received on contracts in progress | 176 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €40,327 | €46,611 | +€6,285 | +15.6% |
| Current portion of amounts payable after more than one year | 42 | €6,334 | €6,616 | +€282 | +4.4% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €7,980 | €13,822 | +€5,843 | +73.2% |
| Suppliers | 440/4 | €7,980 | €13,822 | +€5,843 | +73.2% |
| Bills of exchange payable | 441 | €0 | - | = | |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €3,270 | €2,310 | -€960 | -29.4% |
| Taxes | 450/3 | €1,470 | €483 | -€987 | -67.1% |
| Remuneration and social security | 454/9 | €1,800 | €1,827 | +€27 | +1.5% |
| Other amounts payable | 47/48 | €22,743 | €23,863 | +€1,120 | +4.9% |
| Accrued charges and deferred income | 492/3 | €503 | €302 | -€201 | -40.0% |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,564 | €10,566 | +€1,002 | +10.5% |
| Other operating charges | 640/8 | €871 | €996 | +€125 | +14.3% |
| Gross operating margin | 9900 | €42,559 | €23,364 | -€19,195 | -45.1% |
| Operating profit (loss) | 9901 | €32,124 | €11,803 | -€20,321 | -63.3% |
| Financial income | 75/76B | €20 | €168 | +€148 | +756.8% |
| Recurring financial income | 75 | €20 | €168 | +€148 | +756.8% |
| Financial charges | 65/66B | €2,420 | €2,555 | +€135 | +5.6% |
| Recurring financial charges | 65 | €2,420 | €2,555 | +€135 | +5.6% |
| Profit (loss) for the period before taxes | 9903 | €29,723 | €9,415 | -€20,308 | -68.3% |
| Income taxes | 67/77 | €6,241 | €2,839 | -€3,402 | -54.5% |
| Profit (loss) for the period | 9904 | €23,483 | €6,576 | -€16,907 | -72.0% |
| Profit (loss) for the period to be appropriated | 9905 | €23,483 | €6,576 | -€16,907 | -72.0% |
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 10 October 2026 via checked.be.