JMei: 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.
JMei
Largest movements
- Receivables within one year +€11,902
up €11,902 (+4.1%), from €293,356 to €305,258
of which Trade receivables: +€12,221
- Intangible fixed assets -€11,538
down €11,538 (-82.6%), from €13,969 to €2,431
- Cash +€11,179
up €11,179 (+10.7%), from €104,445 to €115,625
mainly Net result for the year (+€37,785) and Trade debts (+€17,401)
- Tangible fixed assets -€10,682
down €10,682 (-7.9%), from €135,536 to €124,853
of which Assets under construction and advance payments: -€6,973
- Deferred charges and accrued income +€10,407
up €10,407 (+86.1%), from €12,090 to €22,497
- Reserves +€17,785
up €17,785 (+7.8%), from €226,678 to €244,463
of which Distributable reserves: +€17,785
- Trade debts +€17,401
up €17,401 (+19.5%), from €89,322 to €106,723
- Staff costs +€59,064
up €59,064 (+12.9%), from €457,002 to €516,066
- Gross operating margin +€37,100
up €37,100 (+6.6%), from €559,074 to €596,173
- Taxes -€7,573
down €7,573 (-27.6%), from €27,396 to €19,823
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 | €825,590 | €845,074 | +€19,484 | +2.4% |
| Fixed assets | 21/28 | €180,370 | €158,150 | -€22,220 | -12.3% |
| Intangible fixed assets | 21 | €13,969 | €2,431 | -€11,538 | -82.6% |
| Tangible fixed assets | 22/27 | €135,536 | €124,853 | -€10,682 | -7.9% |
| Land and buildings | 22 | €99,582 | €99,582 | = | 0.0% |
| Plant, machinery and equipment | 23 | €172 | €0 | -€172 | -100% |
| Furniture and vehicles | 24 | €1,381 | €822 | -€559 | -40.5% |
| Other tangible fixed assets | 26 | €6,510 | €3,532 | -€2,979 | -45.8% |
| Assets under construction and advance payments | 27 | €27,890 | €20,917 | -€6,973 | -25.0% |
| Financial fixed assets | 28 | €30,865 | €30,865 | = | 0.0% |
| Current assets | 29/58 | €645,220 | €686,924 | +€41,704 | +6.5% |
| Stocks and contracts in progress | 3 | €235,328 | €243,545 | +€8,217 | +3.5% |
| Stocks | 30/36 | €235,328 | €243,545 | +€8,217 | +3.5% |
| Amounts receivable within one year | 40/41 | €293,356 | €305,258 | +€11,902 | +4.1% |
| Trade receivables | 40 | €291,787 | €304,008 | +€12,221 | +4.2% |
| Other amounts receivable | 41 | €1,569 | €1,250 | -€319 | -20.4% |
| Cash at bank and in hand | 54/58 | €104,445 | €115,625 | +€11,179 | +10.7% |
| Deferred charges and accrued income | 490/1 | €12,090 | €22,497 | +€10,407 | +86.1% |
| Total equity and liabilities | 10/49 | €825,590 | €845,074 | +€19,484 | +2.4% |
| Equity | 10/15 | €576,858 | €585,870 | +€9,012 | +1.6% |
| Contributions | 10/11 | €84,000 | €84,000 | = | 0.0% |
| Reserves | 13 | €226,678 | €244,463 | +€17,785 | +7.8% |
| Non-distributable reserves | 130/1 | €8,400 | €8,400 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,400 | €8,400 | = | 0.0% |
| Distributable reserves | 133 | €218,278 | €236,063 | +€17,785 | +8.1% |
| Profit (loss) carried forward | 14 | €259,897 | €257,407 | -€2,490 | -1.0% |
| Investment grants | 15 | €6,283 | - | -€6,283 | |
| Amounts payable | 17/49 | €248,732 | €259,204 | +€10,472 | +4.2% |
| Amounts payable after more than one year | 17 | €64,403 | €57,057 | -€7,346 | -11.4% |
| Financial debts | 170/4 | €64,403 | €57,057 | -€7,346 | -11.4% |
| Amounts payable within one year | 42/48 | €184,329 | €202,147 | +€17,818 | +9.7% |
| Current portion of amounts payable after more than one year | 42 | €7,089 | €7,346 | +€257 | +3.6% |
| Trade debts | 44 | €89,322 | €106,723 | +€17,401 | +19.5% |
| Suppliers | 440/4 | €89,322 | €106,723 | +€17,401 | +19.5% |
| Taxes, remuneration and social security | 45 | €59,574 | €67,335 | +€7,760 | +13.0% |
| Taxes | 450/3 | €4,542 | €1,850 | -€2,691 | -59.3% |
| Remuneration and social security | 454/9 | €55,033 | €65,484 | +€10,452 | +19.0% |
| Other amounts payable | 47/48 | €28,343 | €20,743 | -€7,600 | -26.8% |
| Remuneration, social security and pensions | 62 | €457,002 | €516,066 | +€59,064 | +12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,271 | €15,248 | -€5,024 | -24.8% |
| Other operating charges | 640/8 | €1,520 | €2,001 | +€481 | +31.6% |
| Non-recurring operating charges | 66A | - | €6,973 | +€6,973 | |
| Gross operating margin | 9900 | €559,074 | €596,173 | +€37,100 | +6.6% |
| Operating profit (loss) | 9901 | €80,280 | €55,886 | -€24,394 | -30.4% |
| Financial income | 75/76B | €6,530 | €6,402 | -€128 | -2.0% |
| Recurring financial income | 75 | €6,530 | €6,402 | -€128 | -2.0% |
| Financial charges | 65/66B | €4,136 | €4,680 | +€544 | +13.2% |
| Recurring financial charges | 65 | €4,136 | €4,680 | +€544 | +13.2% |
| Profit (loss) for the period before taxes | 9903 | €82,674 | €57,608 | -€25,066 | -30.3% |
| Income taxes | 67/77 | €27,396 | €19,823 | -€7,573 | -27.6% |
| Profit (loss) for the period | 9904 | €55,278 | €37,785 | -€17,493 | -31.6% |
| Profit (loss) for the period to be appropriated | 9905 | €55,278 | €37,785 | -€17,493 | -31.6% |
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 18 October 2026 via checked.be.