JESMEL: 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.
JESMEL
Largest movements
- Receivables within one year -€24,957
down €24,957 (-96.8%), from €25,788 to €831
of which Trade receivables: -€24,957
- Cash +€20,392
up €20,392 (+369.4%), from €5,520 to €25,912
mainly Receivables within one year (+€24,957) and Accrued charges and deferred income (+€2,105)
- Reserves -€8,401
down €8,401 (-23.0%), from €36,488 to €28,086
of which Distributable reserves: -€8,401
- Gross operating margin -€27,724
down €27,724, from €23,263 to -€4,461
- Taxes -€2,169
no longer reported in 2025 (was €2,169)
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.
Cash bridge derived
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 | €259,889 | €253,898 | -€5,991 | -2.3% |
| Fixed assets | 21/28 | €228,581 | €227,155 | -€1,426 | -0.6% |
| Tangible fixed assets | 22/27 | €228,581 | €227,155 | -€1,426 | -0.6% |
| Land and buildings | 22 | €228,581 | €227,155 | -€1,426 | -0.6% |
| Current assets | 29/58 | €31,308 | €26,742 | -€4,565 | -14.6% |
| Amounts receivable within one year | 40/41 | €25,788 | €831 | -€24,957 | -96.8% |
| Trade receivables | 40 | €24,957 | - | -€24,957 | |
| Other amounts receivable | 41 | €831 | €831 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €5,520 | €25,912 | +€20,392 | +369.4% |
| Total equity and liabilities | 10/49 | €259,889 | €253,898 | -€5,991 | -2.3% |
| Equity | 10/15 | €112,988 | €104,586 | -€8,401 | -7.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Revaluation surpluses | 12 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €36,488 | €28,086 | -€8,401 | -23.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €30,338 | €21,936 | -€8,401 | -27.7% |
| Amounts payable | 17/49 | €146,901 | €149,311 | +€2,410 | +1.6% |
| Amounts payable within one year | 42/48 | €146,716 | €147,021 | +€306 | +0.2% |
| Other amounts payable | 47/48 | €146,716 | €147,021 | +€306 | +0.2% |
| Accrued charges and deferred income | 492/3 | €186 | €2,290 | +€2,105 | +1133.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,426 | €1,426 | = | 0.0% |
| Other operating charges | 640/8 | €2,278 | €2,290 | +€12 | +0.5% |
| Gross operating margin | 9900 | €23,263 | -€4,461 | -€27,724 | |
| Operating profit (loss) | 9901 | €19,560 | -€8,177 | -€27,736 | |
| Financial charges | 65/66B | €208 | €225 | +€17 | +8.1% |
| Recurring financial charges | 65 | €208 | €225 | +€17 | +8.1% |
| Profit (loss) for the period before taxes | 9903 | €19,352 | -€8,401 | -€27,753 | |
| Income taxes | 67/77 | €2,169 | - | -€2,169 | |
| Profit (loss) for the period | 9904 | €17,183 | -€8,401 | -€25,584 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,183 | -€8,401 | -€25,584 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.