JMETA: 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.
JMETA
Largest movements
- Stocks and contracts -€82,263
down €82,263 (-66.2%), from €124,262 to €41,999
of which Contracts in progress: -€57,513
- Receivables within one year -€29,896
down €29,896 (-23.7%), from €126,140 to €96,243
of which Trade receivables: -€57,266
- Cash -€6,626
down €6,626 (-4.0%), from €164,572 to €157,946
mainly Trade debts (-€174,266) and Investment in fixed assets (net) (-€40,163)
- Trade debts -€174,266
down €174,266 (-76.6%), from €227,449 to €53,183
- Current portion of long-term debt +€52,809
up €52,809 (+467%), from €11,305 to €64,115
- Debts after one year -€28,859
down €28,859 (-20.9%), from €138,082 to €109,223
- Other debts +€19,239
up €19,239 (+52.3%), from €36,789 to €56,028
- Profit (loss) carried forward +€10,142
up €10,142 (+13.8%), from €73,289 to €83,431
- Gross operating margin -€81,596
down €81,596 (-26.1%), from €312,783 to €231,187
- Taxes -€20,918
down €20,918 (-85.4%), from €24,495 to €3,577
- Staff costs -€15,610
down €15,610 (-8.9%), from €174,967 to €159,356
- Other operating charges +€8,603
new in 2022: €8,603
- Depreciation +€3,319
up €3,319 (+7.8%), from €42,413 to €45,732
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €601,876 | €478,265 | -€123,610 | -20.5% |
| Fixed assets | 21/28 | €186,902 | €181,332 | -€5,570 | -3.0% |
| Intangible fixed assets | 21 | €1,467 | €138 | -€1,330 | -90.6% |
| Tangible fixed assets | 22/27 | €185,435 | €181,195 | -€4,240 | -2.3% |
| Land and buildings | 22 | €124,257 | €106,585 | -€17,672 | -14.2% |
| Plant, machinery and equipment | 23 | €30,528 | €37,915 | +€7,386 | +24.2% |
| Furniture and vehicles | 24 | €30,649 | €36,695 | +€6,046 | +19.7% |
| Current assets | 29/58 | €414,974 | €296,933 | -€118,041 | -28.4% |
| Stocks and contracts in progress | 3 | €124,262 | €41,999 | -€82,263 | -66.2% |
| Stocks | 30/36 | €66,749 | €41,999 | -€24,750 | -37.1% |
| Contracts in progress | 37 | €57,513 | - | -€57,513 | |
| Amounts receivable within one year | 40/41 | €126,140 | €96,243 | -€29,896 | -23.7% |
| Trade receivables | 40 | €118,727 | €61,461 | -€57,266 | -48.2% |
| Other amounts receivable | 41 | €7,413 | €34,783 | +€27,370 | +369% |
| Cash at bank and in hand | 54/58 | €164,572 | €157,946 | -€6,626 | -4.0% |
| Deferred charges and accrued income | 490/1 | - | €744 | +€744 | |
| Total equity and liabilities | 10/49 | €601,876 | €478,265 | -€123,610 | -20.5% |
| Equity | 10/15 | €150,809 | €158,200 | +€7,391 | +4.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | €20,000 | = | 0.0% |
| Issued capital | 100 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €32,440 | €30,668 | -€1,772 | -5.5% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Legal reserve | 130 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,089 | €5,316 | -€1,772 | -25.0% |
| Distributable reserves | 133 | €23,352 | €23,352 | = | 0.0% |
| Profit (loss) carried forward | 14 | €73,289 | €83,431 | +€10,142 | +13.8% |
| Investment grants | 15 | €25,079 | €24,101 | -€979 | -3.9% |
| Provisions and deferred taxes | 16 | €3,652 | €2,739 | -€913 | -25.0% |
| Deferred taxes | 168 | €3,652 | €2,739 | -€913 | -25.0% |
| Amounts payable | 17/49 | €447,415 | €317,327 | -€130,089 | -29.1% |
| Amounts payable after more than one year | 17 | €138,082 | €109,223 | -€28,859 | -20.9% |
| Financial debts | 170/4 | €138,082 | €109,223 | -€28,859 | -20.9% |
| Amounts payable within one year | 42/48 | €309,333 | €208,104 | -€101,229 | -32.7% |
| Current portion of amounts payable after more than one year | 42 | €11,305 | €64,115 | +€52,809 | +467% |
| Trade debts | 44 | €227,449 | €53,183 | -€174,266 | -76.6% |
| Suppliers | 440/4 | €227,449 | €53,183 | -€174,266 | -76.6% |
| Taxes, remuneration and social security | 45 | €33,790 | €34,778 | +€988 | +2.9% |
| Taxes | 450/3 | €33,790 | €28,164 | -€5,627 | -16.7% |
| Remuneration and social security | 454/9 | - | €6,615 | +€6,615 | |
| Other amounts payable | 47/48 | €36,789 | €56,028 | +€19,239 | +52.3% |
| Remuneration, social security and pensions | 62 | €174,967 | €159,356 | -€15,610 | -8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,413 | €45,732 | +€3,319 | +7.8% |
| Other operating charges | 640/8 | - | €8,603 | +€8,603 | |
| Gross operating margin | 9900 | €312,783 | €231,187 | -€81,596 | -26.1% |
| Operating profit (loss) | 9901 | €95,404 | €17,496 | -€77,908 | -81.7% |
| Financial income | 75/76B | €979 | €979 | = | 0.0% |
| Recurring financial income | 75 | €979 | €979 | = | 0.0% |
| Financial charges | 65/66B | €7,282 | €7,440 | +€158 | +2.2% |
| Recurring financial charges | 65 | €7,282 | €7,440 | +€158 | +2.2% |
| Profit (loss) for the period before taxes | 9903 | €89,101 | €11,034 | -€78,066 | -87.6% |
| Transfer from deferred taxes | 780 | €913 | €913 | = | 0.0% |
| Income taxes | 67/77 | €24,495 | €3,577 | -€20,918 | -85.4% |
| Profit (loss) for the period | 9904 | €65,518 | €8,370 | -€57,148 | -87.2% |
| Transfer from tax-exempt reserves | 789 | €1,772 | €1,772 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €67,290 | €10,142 | -€57,148 | -84.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.