JEMU: 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.
JEMU
Largest movements
- Receivables within one year -€14,673
down €14,673 (-18.9%), from €77,521 to €62,848
of which Trade receivables: -€20,516
- Stocks and contracts +€4,885
up €4,885 (+10.9%), from €44,845 to €49,730
- Tangible fixed assets -€1,365
down €1,365 (-14.4%), from €9,489 to €8,124
- Trade debts -€14,441
down €14,441 (-67.0%), from €21,568 to €7,128
- Tax, wage and social debts -€10,713
down €10,713 (-47.5%), from €22,549 to €11,836
- Reserves +€10,098
up €10,098 (+16.3%), from €61,823 to €71,921
- Short-term financial debts +€5,236
up €5,236 (+86.1%), from €6,080 to €11,316
- Other debts -€2,000
down €2,000 (-77.4%), from €2,583 to €583
- Gross operating margin -€19,221
down €19,221 (-53.0%), from €36,242 to €17,021
- Taxes -€4,426
down €4,426 (-50.9%), from €8,690 to €4,263
- Financial income +€4,390
up €4,390 (+184%), from €2,382 to €6,772
of which Non-recurring financial income: +€3,259
- Other operating charges +€905
up €905 (+64.0%), from €1,412 to €2,317
- Depreciation +€863
up €863 (+21.8%), from €3,966 to €4,830
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €133,203 | €121,384 | -€11,820 | -8.9% |
| Fixed assets | 21/28 | €10,163 | €8,465 | -€1,698 | -16.7% |
| Intangible fixed assets | 21 | €674 | €341 | -€333 | -49.5% |
| Tangible fixed assets | 22/27 | €9,489 | €8,124 | -€1,365 | -14.4% |
| Plant, machinery and equipment | 23 | €9,489 | €8,124 | -€1,365 | -14.4% |
| Current assets | 29/58 | €123,040 | €112,919 | -€10,121 | -8.2% |
| Stocks and contracts in progress | 3 | €44,845 | €49,730 | +€4,885 | +10.9% |
| Stocks | 30/36 | €44,845 | €49,730 | +€4,885 | +10.9% |
| Amounts receivable within one year | 40/41 | €77,521 | €62,848 | -€14,673 | -18.9% |
| Trade receivables | 40 | €31,570 | €11,055 | -€20,516 | -65.0% |
| Other amounts receivable | 41 | €45,951 | €51,793 | +€5,843 | +12.7% |
| Deferred charges and accrued income | 490/1 | €674 | €341 | -€333 | -49.4% |
| Total equity and liabilities | 10/49 | €133,203 | €121,384 | -€11,820 | -8.9% |
| Equity | 10/15 | €80,423 | €90,521 | +€10,098 | +12.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €61,823 | €71,921 | +€10,098 | +16.3% |
| Distributable reserves | 133 | €61,823 | €71,921 | +€10,098 | +16.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €52,780 | €30,863 | -€21,917 | -41.5% |
| Amounts payable within one year | 42/48 | €52,780 | €30,863 | -€21,917 | -41.5% |
| Financial debts | 43 | €6,080 | €11,316 | +€5,236 | +86.1% |
| Credit institutions | 430/8 | €6,080 | €11,316 | +€5,236 | +86.1% |
| Trade debts | 44 | €21,568 | €7,128 | -€14,441 | -67.0% |
| Suppliers | 440/4 | €21,568 | €7,128 | -€14,441 | -67.0% |
| Taxes, remuneration and social security | 45 | €22,549 | €11,836 | -€10,713 | -47.5% |
| Taxes | 450/3 | €22,549 | €11,836 | -€10,713 | -47.5% |
| Other amounts payable | 47/48 | €2,583 | €583 | -€2,000 | -77.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,966 | €4,830 | +€863 | +21.8% |
| Other operating charges | 640/8 | €1,412 | €2,317 | +€905 | +64.0% |
| Gross operating margin | 9900 | €36,242 | €17,021 | -€19,221 | -53.0% |
| Operating profit (loss) | 9901 | €30,864 | €9,874 | -€20,989 | -68.0% |
| Financial income | 75/76B | €2,382 | €6,772 | +€4,390 | +184% |
| Recurring financial income | 75 | €2,382 | €3,512 | +€1,131 | +47.5% |
| Non-recurring financial income | 76B | - | €3,259 | +€3,259 | |
| Financial charges | 65/66B | €1,881 | €1,452 | -€429 | -22.8% |
| Recurring financial charges | 65 | €1,881 | €1,452 | -€429 | -22.8% |
| Profit (loss) for the period before taxes | 9903 | €31,364 | €15,194 | -€16,170 | -51.6% |
| Income taxes | 67/77 | €8,690 | €4,263 | -€4,426 | -50.9% |
| Profit (loss) for the period | 9904 | €22,674 | €10,931 | -€11,743 | -51.8% |
| Profit (loss) for the period to be appropriated | 9905 | €22,674 | €10,931 | -€11,743 | -51.8% |
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 14 October 2026 via checked.be.