JEMLO: 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.
What changed
JEMLO
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€3,759
2024 · €8,192-€4,433
Equity
€70,312
2024 · €66,552+€3,759
Cash
€877
2024 · €4,829-€3,953
Balance sheet total
€1.2m
2024 · €1.3m-€34,196
Largest movements
Assets
- Tangible fixed assets -€27,056
down €27,056 (-5.3%), from €508,898 to €481,842
of which Land and buildings: -€26,399
Equity and liabilities
- Debts after one year -€33,510
down €33,510 (-8.1%), from €412,657 to €379,146
- Short-term financial debts -€15,507
down €15,507 (-5.2%), from €300,507 to €285,000
- Other debts +€13,823
up €13,823 (+3.2%), from €431,494 to €445,317
Income statement
- Depreciation +€32,906
up €32,906 (+158%), from €20,860 to €53,766
- Financial charges -€15,566
down €15,566 (-39.6%), from €39,299 to €23,733
- Gross operating margin +€13,679
up €13,679 (+19.0%), from €72,042 to €85,721
- Other operating charges -€864
down €864 (-24.9%), from €3,465 to €2,601
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
€8,192
Gross operating margin
+€13,679
Depreciation
-€32,906
Other operating charges
+€864
Other operating items
-€1,549
Financial income
+€46
Financial charges
+€15,566
Taxes
-€132
Result 2025
€3,759
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€72,074
Investment
-€26,710
Financing
-€49,317
Cash 2024
€4,829
From operations (derived)
+€72,074
Net result for the year
+€3,759
Depreciation
+€53,766
Receivables within one year
-€1,273
Deferred charges and accrued income
+€4,461
Trade debts
-€101
Tax, wage and social debts
-€2,659
Other debts
+€13,823
Accrued charges and deferred income
+€298
Investment (derived)
-€26,710
Investment in fixed assets (net)
-€26,710
Financing
-€49,317
Debts after one year
-€33,510
Current portion of long-term debt
-€300
Short-term financial debts
-€15,507
Cash 2025
€877
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,264,979 | €1,230,783 | -€34,196 | -2.7% |
| Fixed assets | 21/28 | €1,212,773 | €1,185,717 | -€27,056 | -2.2% |
| Tangible fixed assets | 22/27 | €508,898 | €481,842 | -€27,056 | -5.3% |
| Land and buildings | 22 | €494,771 | €468,372 | -€26,399 | -5.3% |
| Plant, machinery and equipment | 23 | €277 | - | -€277 | |
| Other tangible fixed assets | 26 | €13,851 | €13,470 | -€380 | -2.7% |
| Financial fixed assets | 28 | €703,875 | €703,875 | = | 0.0% |
| Current assets | 29/58 | €52,206 | €45,066 | -€7,140 | -13.7% |
| Amounts receivable within one year | 40/41 | - | €1,273 | +€1,273 | |
| Trade receivables | 40 | - | €1,273 | +€1,273 | |
| Current investments | 50/53 | €12,377 | €12,377 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €4,829 | €877 | -€3,953 | -81.8% |
| Deferred charges and accrued income | 490/1 | €35,000 | €30,539 | -€4,461 | -12.7% |
| Total equity and liabilities | 10/49 | €1,264,979 | €1,230,783 | -€34,196 | -2.7% |
| Equity | 10/15 | €66,552 | €70,312 | +€3,759 | +5.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €47,500 | €51,250 | +€3,750 | +7.9% |
| Distributable reserves | 133 | €47,500 | €51,250 | +€3,750 | +7.9% |
| Profit (loss) carried forward | 14 | €452 | €462 | +€9 | +2.0% |
| Amounts payable | 17/49 | €1,198,427 | €1,160,472 | -€37,955 | -3.2% |
| Amounts payable after more than one year | 17 | €412,657 | €379,146 | -€33,510 | -8.1% |
| Financial debts | 170/4 | €412,657 | €379,146 | -€33,510 | -8.1% |
| Amounts payable within one year | 42/48 | €784,070 | €779,327 | -€4,744 | -0.6% |
| Current portion of amounts payable after more than one year | 42 | €33,810 | €33,510 | -€300 | -0.9% |
| Financial debts | 43 | €300,507 | €285,000 | -€15,507 | -5.2% |
| Credit institutions | 430/8 | €300,507 | €285,000 | -€15,507 | -5.2% |
| Trade debts | 44 | €6,884 | €6,782 | -€101 | -1.5% |
| Suppliers | 440/4 | €6,884 | €6,782 | -€101 | -1.5% |
| Taxes, remuneration and social security | 45 | €11,376 | €8,717 | -€2,659 | -23.4% |
| Taxes | 450/3 | €11,376 | €8,717 | -€2,659 | -23.4% |
| Other amounts payable | 47/48 | €431,494 | €445,317 | +€13,823 | +3.2% |
| Accrued charges and deferred income | 492/3 | €1,700 | €1,998 | +€298 | +17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,860 | €53,766 | +€32,906 | +158% |
| Other operating charges | 640/8 | €3,465 | €2,601 | -€864 | -24.9% |
| Non-recurring operating charges | 66A | - | €1,549 | +€1,549 | |
| Gross operating margin | 9900 | €72,042 | €85,721 | +€13,679 | +19.0% |
| Operating profit (loss) | 9901 | €47,717 | €27,805 | -€19,912 | -41.7% |
| Financial income | 75/76B | €2 | €48 | +€46 | +2,025% |
| Recurring financial income | 75 | €2 | €48 | +€46 | +2,025% |
| Financial charges | 65/66B | €39,299 | €23,733 | -€15,566 | -39.6% |
| Recurring financial charges | 65 | €39,299 | €23,733 | -€15,566 | -39.6% |
| Profit (loss) for the period before taxes | 9903 | €8,420 | €4,120 | -€4,300 | -51.1% |
| Income taxes | 67/77 | €228 | €361 | +€132 | +58.0% |
| Profit (loss) for the period | 9904 | €8,192 | €3,759 | -€4,433 | -54.1% |
| Profit (loss) for the period to be appropriated | 9905 | €8,192 | €3,759 | -€4,433 | -54.1% |
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 15 October 2026 via checked.be.