JOURET-ESMAIL: 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.
JOURET-ESMAIL
Largest movements
- Receivables within one year +€126,782
up €126,782 (+259%), from €48,890 to €175,672
of which Other amounts receivable: +€127,277
- Tangible fixed assets -€78,438
down €78,438 (-5.7%), from €1.4m to €1.3m
of which Plant, machinery and equipment: -€43,076
- Cash +€32,295
up €32,295 (+111%), from €29,068 to €61,362
mainly Net result for the year (+€262,883) and Depreciation (+€112,919)
- Debts after one year -€93,005
down €93,005 (-15.0%), from €620,578 to €527,573
of which Financial debts: -€92,905
- Other debts +€86,742
up €86,742 (+76.5%), from €113,315 to €200,057
- Reserves +€62,826
up €62,826 (+4.6%), from €1.4m to €1.4m
of which Distributable reserves: +€62,826
- Depreciation +€19,848
up €19,848 (+21.3%), from €93,071 to €112,919
- Gross operating margin -€15,293
down €15,293 (-2.7%), from €558,943 to €543,651
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 | €2,292,294 | €2,349,898 | +€57,604 | +2.5% |
| Fixed assets | 21/28 | €1,387,240 | €1,308,801 | -€78,438 | -5.7% |
| Tangible fixed assets | 22/27 | €1,386,827 | €1,308,388 | -€78,438 | -5.7% |
| Land and buildings | 22 | €820,493 | €793,007 | -€27,486 | -3.3% |
| Plant, machinery and equipment | 23 | €548,212 | €505,136 | -€43,076 | -7.9% |
| Furniture and vehicles | 24 | €18,122 | €10,245 | -€7,877 | -43.5% |
| Financial fixed assets | 28 | €413 | €413 | = | 0.0% |
| Current assets | 29/58 | €905,054 | €1,041,097 | +€136,043 | +15.0% |
| Amounts receivable within one year | 40/41 | €48,890 | €175,672 | +€126,782 | +259% |
| Trade receivables | 40 | €5,424 | €4,929 | -€495 | -9.1% |
| Other amounts receivable | 41 | €43,466 | €170,743 | +€127,277 | +293% |
| Current investments | 50/53 | €695,691 | €674,922 | -€20,768 | -3.0% |
| Cash at bank and in hand | 54/58 | €29,068 | €61,362 | +€32,295 | +111% |
| Deferred charges and accrued income | 490/1 | €131,405 | €129,140 | -€2,265 | -1.7% |
| Total equity and liabilities | 10/49 | €2,292,294 | €2,349,898 | +€57,604 | +2.5% |
| Equity | 10/15 | €1,378,111 | €1,440,937 | +€62,826 | +4.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,359,511 | €1,422,337 | +€62,826 | +4.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,357,651 | €1,420,477 | +€62,826 | +4.6% |
| Amounts payable | 17/49 | €914,182 | €908,961 | -€5,222 | -0.6% |
| Amounts payable after more than one year | 17 | €620,578 | €527,573 | -€93,005 | -15.0% |
| Financial debts | 170/4 | €620,478 | €527,573 | -€92,905 | -15.0% |
| Other amounts payable | 178/9 | €100 | - | -€100 | |
| Amounts payable within one year | 42/48 | €285,045 | €372,880 | +€87,835 | +30.8% |
| Current portion of amounts payable after more than one year | 42 | €95,395 | €108,694 | +€13,299 | +13.9% |
| Trade debts | 44 | €3,810 | €5,134 | +€1,324 | +34.7% |
| Suppliers | 440/4 | €3,810 | €5,134 | +€1,324 | +34.7% |
| Taxes, remuneration and social security | 45 | €72,525 | €58,995 | -€13,530 | -18.7% |
| Taxes | 450/3 | €68,863 | €55,263 | -€13,600 | -19.7% |
| Remuneration and social security | 454/9 | €3,662 | €3,731 | +€70 | +1.9% |
| Other amounts payable | 47/48 | €113,315 | €200,057 | +€86,742 | +76.5% |
| Accrued charges and deferred income | 492/3 | €8,559 | €8,508 | -€51 | -0.6% |
| Remuneration, social security and pensions | 62 | €20,027 | €22,328 | +€2,301 | +11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,071 | €112,919 | +€19,848 | +21.3% |
| Other operating charges | 640/8 | €6,179 | €6,219 | +€40 | +0.7% |
| Non-recurring operating charges | 66A | €12,188 | - | -€12,188 | |
| Gross operating margin | 9900 | €558,943 | €543,651 | -€15,293 | -2.7% |
| Operating profit (loss) | 9901 | €427,478 | €402,184 | -€25,294 | -5.9% |
| Financial income | 75/76B | €17,041 | €12,914 | -€4,128 | -24.2% |
| Recurring financial income | 75 | €12,013 | €8,031 | -€3,982 | -33.2% |
| Non-recurring financial income | 76B | €5,028 | €4,883 | -€145 | -2.9% |
| Financial charges | 65/66B | €19,326 | €20,166 | +€840 | +4.3% |
| Recurring financial charges | 65 | €19,308 | €18,618 | -€690 | -3.6% |
| Non-recurring financial charges | 66B | €18 | €1,548 | +€1,530 | +8,694% |
| Profit (loss) for the period before taxes | 9903 | €425,194 | €394,932 | -€30,262 | -7.1% |
| Income taxes | 67/77 | €135,442 | €132,049 | -€3,393 | -2.5% |
| Profit (loss) for the period | 9904 | €289,752 | €262,883 | -€26,869 | -9.3% |
| Profit (loss) for the period to be appropriated | 9905 | €289,752 | €262,883 | -€26,869 | -9.3% |
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.