JEMO: 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.
JEMO
Largest movements
- Tangible fixed assets -€7,729
down €7,729 (-4.0%), from €193,815 to €186,085
of which Land and buildings: -€8,554
- Other debts -€9,662
down €9,662 (-15.2%), from €63,462 to €53,800
- Reserves +€2,239
up €2,239 (+2.6%), from €86,811 to €89,050
of which Distributable reserves: +€2,239
- Depreciation -€10,283
down €10,283 (-50.3%), from €20,437 to €10,154
- Gross operating margin +€4,113
up €4,113 (+28.9%), from €14,210 to €18,323
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €216,631 | €209,142 | -€7,489 | -3.5% |
| Fixed assets | 21/28 | €193,815 | €186,085 | -€7,729 | -4.0% |
| Tangible fixed assets | 22/27 | €193,815 | €186,085 | -€7,729 | -4.0% |
| Land and buildings | 22 | €193,815 | €185,261 | -€8,554 | -4.4% |
| Plant, machinery and equipment | 23 | - | €824 | +€824 | |
| Current assets | 29/58 | €22,816 | €23,056 | +€240 | +1.1% |
| Cash at bank and in hand | 54/58 | €22,816 | €23,056 | +€240 | +1.1% |
| Total equity and liabilities | 10/49 | €216,631 | €209,142 | -€7,489 | -3.5% |
| Equity | 10/15 | €150,066 | €152,305 | +€2,239 | +1.5% |
| Contributions | 10/11 | €63,255 | €63,255 | = | 0.0% |
| Capital | 10 | €63,255 | €63,255 | = | 0.0% |
| Issued capital | 100 | €63,255 | €63,255 | = | 0.0% |
| Reserves | 13 | €86,811 | €89,050 | +€2,239 | +2.6% |
| Non-distributable reserves | 130/1 | €44,826 | €44,826 | = | 0.0% |
| Legal reserve | 130 | €44,826 | €44,826 | = | 0.0% |
| Distributable reserves | 133 | €41,986 | €44,224 | +€2,239 | +5.3% |
| Amounts payable | 17/49 | €66,565 | €56,837 | -€9,728 | -14.6% |
| Amounts payable within one year | 42/48 | €66,565 | €56,837 | -€9,728 | -14.6% |
| Current portion of amounts payable after more than one year | 42 | €2,479 | €2,479 | = | 0.0% |
| Trade debts | 44 | €210 | €128 | -€82 | -38.9% |
| Suppliers | 440/4 | €210 | €128 | -€82 | -38.9% |
| Taxes, remuneration and social security | 45 | €414 | €430 | +€16 | +3.9% |
| Taxes | 450/3 | €414 | €430 | +€16 | +3.9% |
| Other amounts payable | 47/48 | €63,462 | €53,800 | -€9,662 | -15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,437 | €10,154 | -€10,283 | -50.3% |
| Other operating charges | 640/8 | €5,591 | €5,602 | +€11 | +0.2% |
| Gross operating margin | 9900 | €14,210 | €18,323 | +€4,113 | +28.9% |
| Operating profit (loss) | 9901 | -€11,818 | €2,567 | +€14,386 | |
| Financial income | 75/76B | €1 | €0 | -€1 | -87.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -87.0% |
| Financial charges | 65/66B | €45 | €110 | +€65 | +146% |
| Recurring financial charges | 65 | €45 | €110 | +€65 | +146% |
| Profit (loss) for the period before taxes | 9903 | -€11,862 | €2,458 | +€14,320 | |
| Income taxes | 67/77 | €211 | €219 | +€8 | +3.7% |
| Profit (loss) for the period | 9904 | -€12,073 | €2,239 | +€14,312 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,073 | €2,239 | +€14,312 |
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 26 October 2026 via checked.be.