JMI REENAERS: 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.
JMI REENAERS
Largest movements
- Tangible fixed assets -€16,966
down €16,966 (-24.7%), from €68,701 to €51,734
of which Land and buildings: -€10,144
- Receivables within one year +€16,069
up €16,069 (+121%), from €13,290 to €29,359
of which Other amounts receivable: +€12,111
- Cash -€1,622
no longer reported in 2025 (was €1,622)
mainly Receivables within one year (-€16,069) and Debts after one year (-€15,131)
- Debts after one year -€15,131
down €15,131 (-29.6%), from €51,038 to €35,907
- Profit (loss) carried forward +€10,589
up €10,589 (+59.2%), from -€17,878 to -€7,290
- Trade debts +€5,454
up €5,454 (+291%), from €1,875 to €7,329
- Current portion of long-term debt -€2,757
down €2,757 (-15.4%), from €17,888 to €15,131
- Investment grants -€1,356
down €1,356 (-20.5%), from €6,628 to €5,272
- Gross operating margin -€14,007
down €14,007 (-26.0%), from €53,920 to €39,913
- Taxes -€4,826
down €4,826 (-56.9%), from €8,480 to €3,654
- Depreciation -€3,619
down €3,619 (-17.6%), from €20,585 to €16,966
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 | €88,263 | €85,509 | -€2,755 | -3.1% |
| Fixed assets | 21/28 | €68,701 | €51,734 | -€16,966 | -24.7% |
| Tangible fixed assets | 22/27 | €68,701 | €51,734 | -€16,966 | -24.7% |
| Land and buildings | 22 | €61,156 | €51,012 | -€10,144 | -16.6% |
| Furniture and vehicles | 24 | €7,544 | €722 | -€6,822 | -90.4% |
| Current assets | 29/58 | €19,563 | €33,774 | +€14,212 | +72.6% |
| Stocks and contracts in progress | 3 | €2,700 | €2,700 | = | 0.0% |
| Stocks | 30/36 | €2,700 | €2,700 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €13,290 | €29,359 | +€16,069 | +121% |
| Trade receivables | 40 | €1,650 | €5,608 | +€3,958 | +240% |
| Other amounts receivable | 41 | €11,640 | €23,751 | +€12,111 | +104% |
| Cash at bank and in hand | 54/58 | €1,622 | - | -€1,622 | |
| Deferred charges and accrued income | 490/1 | €1,951 | €1,716 | -€235 | -12.1% |
| Total equity and liabilities | 10/49 | €88,263 | €85,509 | -€2,755 | -3.1% |
| Equity | 10/15 | €3,010 | €12,243 | +€9,233 | +307% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,878 | -€7,290 | +€10,589 | +59.2% |
| Investment grants | 15 | €6,628 | €5,272 | -€1,356 | -20.5% |
| Amounts payable | 17/49 | €85,254 | €73,266 | -€11,988 | -14.1% |
| Amounts payable after more than one year | 17 | €51,038 | €35,907 | -€15,131 | -29.6% |
| Financial debts | 170/4 | €51,038 | €35,907 | -€15,131 | -29.6% |
| Amounts payable within one year | 42/48 | €34,216 | €37,359 | +€3,143 | +9.2% |
| Current portion of amounts payable after more than one year | 42 | €17,888 | €15,131 | -€2,757 | -15.4% |
| Financial debts | 43 | - | €232 | +€232 | |
| Credit institutions | 430/8 | - | €232 | +€232 | |
| Trade debts | 44 | €1,875 | €7,329 | +€5,454 | +291% |
| Suppliers | 440/4 | €1,875 | €7,329 | +€5,454 | +291% |
| Taxes, remuneration and social security | 45 | €14,447 | €14,662 | +€215 | +1.5% |
| Taxes | 450/3 | €14,447 | €14,662 | +€215 | +1.5% |
| Other amounts payable | 47/48 | €5 | €5 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,585 | €16,966 | -€3,619 | -17.6% |
| Other operating charges | 640/8 | €5,349 | €5,076 | -€273 | -5.1% |
| Gross operating margin | 9900 | €53,920 | €39,913 | -€14,007 | -26.0% |
| Operating profit (loss) | 9901 | €27,986 | €17,871 | -€10,115 | -36.1% |
| Financial income | 75/76B | €2,113 | €2,193 | +€81 | +3.8% |
| Recurring financial income | 75 | €2,113 | €2,193 | +€81 | +3.8% |
| Financial charges | 65/66B | €5,620 | €5,822 | +€202 | +3.6% |
| Recurring financial charges | 65 | €5,620 | €5,822 | +€202 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | €24,479 | €14,243 | -€10,236 | -41.8% |
| Income taxes | 67/77 | €8,480 | €3,654 | -€4,826 | -56.9% |
| Profit (loss) for the period | 9904 | €15,999 | €10,589 | -€5,410 | -33.8% |
| Profit (loss) for the period to be appropriated | 9905 | €15,999 | €10,589 | -€5,410 | -33.8% |
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 20 October 2026 via checked.be.