OJEMA: 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.
OJEMA
Largest movements
- Tangible fixed assets +€420,518
up €420,518 (+164.1%), from €256,219 to €676,737
- Receivables within one year +€23,269
up €23,269 (+14.1%), from €164,718 to €187,988
of which Other amounts receivable: +€23,000
- Cash +€19,647
up €19,647 (+673.3%), from €2,918 to €22,565
mainly Current portion of long-term debt (+€505,000) and Other debts (+€48,500)
- Current portion of long-term debt +€505,000
new in 2025: €505,000
- Reserves -€86,000
down €86,000 (-42.4%), from €202,937 to €116,937
of which Distributable reserves: -€86,000
- Other debts +€48,500
up €48,500 (+34.1%), from €142,332 to €190,832
- Other operating charges +€67,183
up €67,183 (+725.5%), from €9,260 to €76,444
- Depreciation +€5,206
up €5,206 (+36.5%), from €14,276 to €19,482
- Financial charges +€4,792
up €4,792 (+113.9%), from €4,207 to €8,999
- Gross operating margin -€2,081
down €2,081 (-11.1%), from €18,698 to €16,617
- Taxes +€1,000
no longer reported in 2025 (was -€1,000)
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 | €423,855 | €887,290 | +€463,435 | +109.3% |
| Fixed assets | 21/28 | €256,219 | €676,737 | +€420,518 | +164.1% |
| Tangible fixed assets | 22/27 | €256,219 | €676,737 | +€420,518 | +164.1% |
| Land and buildings | 22 | €256,219 | €676,737 | +€420,518 | +164.1% |
| Current assets | 29/58 | €167,636 | €210,553 | +€42,917 | +25.6% |
| Amounts receivable within one year | 40/41 | €164,718 | €187,988 | +€23,269 | +14.1% |
| Trade receivables | 40 | - | €269 | +€269 | |
| Other amounts receivable | 41 | €164,718 | €187,718 | +€23,000 | +14.0% |
| Cash at bank and in hand | 54/58 | €2,918 | €22,565 | +€19,647 | +673.3% |
| Deferred charges and accrued income | 490/1 | €0 | €0 | = | |
| Total equity and liabilities | 10/49 | €423,855 | €887,290 | +€463,435 | +109.3% |
| Equity | 10/15 | €279,766 | €191,458 | -€88,308 | -31.6% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Outside capital | 11 | €74,368 | €74,368 | = | 0.0% |
| Other | 1109/19 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €202,937 | €116,937 | -€86,000 | -42.4% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,437 | €7,437 | = | 0.0% |
| Distributable reserves | 133 | €195,500 | €109,500 | -€86,000 | -44.0% |
| Profit (loss) carried forward | 14 | €2,461 | €153 | -€2,308 | -93.8% |
| Amounts payable | 17/49 | €144,089 | €695,832 | +€551,743 | +382.9% |
| Amounts payable within one year | 42/48 | €144,089 | €695,832 | +€551,743 | +382.9% |
| Current portion of amounts payable after more than one year | 42 | - | €505,000 | +€505,000 | |
| Trade debts | 44 | €497 | - | -€497 | |
| Suppliers | 440/4 | €497 | - | -€497 | |
| Taxes, remuneration and social security | 45 | €1,260 | - | -€1,260 | |
| Taxes | 450/3 | €1,260 | - | -€1,260 | |
| Other amounts payable | 47/48 | €142,332 | €190,832 | +€48,500 | +34.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,276 | €19,482 | +€5,206 | +36.5% |
| Other operating charges | 640/8 | €9,260 | €76,444 | +€67,183 | +725.5% |
| Gross operating margin | 9900 | €18,698 | €16,617 | -€2,081 | -11.1% |
| Operating profit (loss) | 9901 | -€4,838 | -€79,309 | -€74,470 | -1539.2% |
| Financial charges | 65/66B | €4,207 | €8,999 | +€4,792 | +113.9% |
| Recurring financial charges | 65 | €4,207 | €8,999 | +€4,792 | +113.9% |
| Profit (loss) for the period before taxes | 9903 | -€9,046 | -€88,308 | -€79,263 | -876.3% |
| Income taxes | 67/77 | -€1,000 | - | +€1,000 | |
| Profit (loss) for the period | 9904 | -€8,046 | -€88,308 | -€80,263 | -997.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,046 | -€88,308 | -€80,263 | -997.6% |
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 1 October 2026 via checked.be.