JEML²: 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.
JEML²
Largest movements
- Receivables within one year -€22,910
down €22,910 (-32.0%), from €71,567 to €48,657
of which Trade receivables: -€31,813
- Stocks and contracts +€6,612
up €6,612 (+59.9%), from €11,045 to €17,657
- Cash +€4,278
up €4,278 (+78.8%), from €5,429 to €9,706
mainly Net result for the year (+€33,605) and Receivables within one year (+€22,910)
- Tangible fixed assets -€939
down €939 (-32.5%), from €2,890 to €1,951
of which Furniture and vehicles: -€939
- Profit (loss) carried forward +€33,605
up €33,605, from -€26,172 to €7,433
- Trade debts -€23,596
down €23,596 (-39.8%), from €59,235 to €35,639
- Current portion of long-term debt -€16,923
down €16,923 (-91.2%), from €18,555 to €1,632
- Tax, wage and social debts -€7,081
down €7,081 (-25.5%), from €27,816 to €20,735
- Accrued charges and deferred income +€1,036
up €1,036 (+231%), from €448 to €1,485
- Gross operating margin +€28,542
up €28,542 (+230%), from €12,410 to €40,951
- Taxes +€3,978
new in 2024: €3,978
- Depreciation +€527
up €527 (+128%), from €413 to €939
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €92,431 | €79,472 | -€12,960 | -14.0% |
| Fixed assets | 21/28 | €4,390 | €3,451 | -€939 | -21.4% |
| Tangible fixed assets | 22/27 | €2,890 | €1,951 | -€939 | -32.5% |
| Furniture and vehicles | 24 | €2,890 | €1,951 | -€939 | -32.5% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €88,041 | €76,021 | -€12,021 | -13.7% |
| Stocks and contracts in progress | 3 | €11,045 | €17,657 | +€6,612 | +59.9% |
| Stocks | 30/36 | €11,045 | €17,657 | +€6,612 | +59.9% |
| Amounts receivable within one year | 40/41 | €71,567 | €48,657 | -€22,910 | -32.0% |
| Trade receivables | 40 | €41,400 | €9,588 | -€31,813 | -76.8% |
| Other amounts receivable | 41 | €30,167 | €39,070 | +€8,903 | +29.5% |
| Cash at bank and in hand | 54/58 | €5,429 | €9,706 | +€4,278 | +78.8% |
| Total equity and liabilities | 10/49 | €92,431 | €79,472 | -€12,960 | -14.0% |
| Equity | 10/15 | -€14,624 | €18,981 | +€33,605 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €5,348 | €5,348 | = | 0.0% |
| Non-distributable reserves | 130/1 | €348 | €348 | = | 0.0% |
| Reserves not available under the articles | 1311 | €348 | €348 | = | 0.0% |
| Distributable reserves | 133 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,172 | €7,433 | +€33,605 | |
| Amounts payable | 17/49 | €107,055 | €60,490 | -€46,564 | -43.5% |
| Amounts payable within one year | 42/48 | €106,606 | €59,006 | -€47,600 | -44.7% |
| Current portion of amounts payable after more than one year | 42 | €18,555 | €1,632 | -€16,923 | -91.2% |
| Trade debts | 44 | €59,235 | €35,639 | -€23,596 | -39.8% |
| Suppliers | 440/4 | €59,235 | €35,639 | -€23,596 | -39.8% |
| Advances received on contracts in progress | 46 | €1,000 | €1,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €27,816 | €20,735 | -€7,081 | -25.5% |
| Taxes | 450/3 | €27,816 | €20,735 | -€7,081 | -25.5% |
| Accrued charges and deferred income | 492/3 | €448 | €1,485 | +€1,036 | +231% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €413 | €939 | +€527 | +128% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Non-recurring operating charges | 66A | - | €464 | +€464 | |
| Gross operating margin | 9900 | €12,410 | €40,951 | +€28,542 | +230% |
| Operating profit (loss) | 9901 | €11,613 | €39,161 | +€27,548 | +237% |
| Financial charges | 65/66B | €1,830 | €1,579 | -€251 | -13.7% |
| Recurring financial charges | 65 | €1,830 | €1,579 | -€251 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | €9,783 | €37,582 | +€27,800 | +284% |
| Income taxes | 67/77 | - | €3,978 | +€3,978 | |
| Profit (loss) for the period | 9904 | €9,783 | €33,605 | +€23,822 | +244% |
| Profit (loss) for the period to be appropriated | 9905 | €9,783 | €33,605 | +€23,822 | +244% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.