JESMACO: what changed
Two fiscal 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.
JESMACO
Largest movements
- Receivables within one year -€41,736
down €41,736 (-94.2%), from €44,290 to €2,554
of which Trade receivables: -€43,560
- Cash -€29,513
down €29,513 (-42.9%), from €68,779 to €39,266
mainly Other debts (-€41,000) and Contributions, distributions and other (-€29,000)
- Deferred charges and accrued income -€9,991
down €9,991 (-89.0%), from €11,229 to €1,238
- Other debts -€41,000
down €41,000 (-58.6%), from €70,000 to €29,000
- Reserves -€35,117
down €35,117 (-99.5%), from €35,307 to €190
- Tax, wage and social debts -€4,908
down €4,908 (-71.6%), from €6,853 to €1,945
- Gross operating margin -€103,504
down €103,504, from €98,623 to -€4,881
- Taxes -€24,395
down €24,395 (-100.0%), from €24,395 to €0
- Financial charges -€1,604
down €1,604 (-68.9%), from €2,327 to €723
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €125,073 | €43,535 | -€81,538 | -65.2% |
| Fixed assets | 21/28 | €775 | €478 | -€297 | -38.3% |
| Tangible fixed assets | 22/27 | €775 | €478 | -€297 | -38.3% |
| Plant, machinery and equipment | 23 | €775 | €478 | -€297 | -38.3% |
| Current assets | 29/58 | €124,297 | €43,057 | -€81,240 | -65.4% |
| Amounts receivable within one year | 40/41 | €44,290 | €2,554 | -€41,736 | -94.2% |
| Trade receivables | 40 | €43,560 | €0 | -€43,560 | -100.0% |
| Other amounts receivable | 41 | €730 | €2,554 | +€1,824 | +249.9% |
| Cash at bank and in hand | 54/58 | €68,779 | €39,266 | -€29,513 | -42.9% |
| Deferred charges and accrued income | 490/1 | €11,229 | €1,238 | -€9,991 | -89.0% |
| Total equity and liabilities | 10/49 | €125,073 | €43,535 | -€81,538 | -65.2% |
| Equity | 10/15 | €47,707 | €12,590 | -€35,117 | -73.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €35,307 | €190 | -€35,117 | -99.5% |
| Distributable reserves | 133 | €35,307 | €190 | -€35,117 | -99.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €77,365 | €30,945 | -€46,421 | -60.0% |
| Amounts payable within one year | 42/48 | €77,365 | €30,945 | -€46,421 | -60.0% |
| Trade debts | 44 | €513 | €0 | -€513 | -100.0% |
| Suppliers | 440/4 | €513 | €0 | -€513 | -100.0% |
| Taxes, remuneration and social security | 45 | €6,853 | €1,945 | -€4,908 | -71.6% |
| Taxes | 450/3 | €6,853 | €1,945 | -€4,908 | -71.6% |
| Other amounts payable | 47/48 | €70,000 | €29,000 | -€41,000 | -58.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €297 | €297 | = | 0.0% |
| Other operating charges | 640/8 | €628 | €644 | +€16 | +2.5% |
| Gross operating margin | 9900 | €98,623 | -€4,881 | -€103,504 | |
| Operating profit (loss) | 9901 | €97,698 | -€5,822 | -€103,520 | |
| Financial income | 75/76B | €433 | €428 | -€4 | -1.0% |
| Recurring financial income | 75 | €433 | €428 | -€4 | -1.0% |
| Financial charges | 65/66B | €2,327 | €723 | -€1,604 | -68.9% |
| Recurring financial charges | 65 | €2,327 | €723 | -€1,604 | -68.9% |
| Profit (loss) for the period before taxes | 9903 | €95,803 | -€6,117 | -€101,920 | |
| Income taxes | 67/77 | €24,395 | €0 | -€24,395 | -100.0% |
| Profit (loss) for the period | 9904 | €71,408 | -€6,117 | -€77,525 | |
| Profit (loss) for the period to be appropriated | 9905 | €71,408 | -€6,117 | -€77,525 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.