2JMK: 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.
2JMK
Largest movements
- Receivables within one year -€43,135
down €43,135 (-6.4%), from €669,339 to €626,204
of which Trade receivables: -€49,372
- Cash +€35,823
up €35,823 (+37.2%), from €96,321 to €132,143
mainly Net result for the year (+€135,653) and Receivables within one year (+€43,135)
- Deferred charges and accrued income -€29,387
down €29,387 (-20.4%), from €144,281 to €114,893
- Other debts -€36,658
down €36,658 (-51.1%), from €71,685 to €35,027
- Trade debts -€27,820
down €27,820 (-94.3%), from €29,496 to €1,676
- Tax, wage and social debts +€10,973
up €10,973 (+55.3%), from €19,853 to €30,826
- Reserves +€10,653
up €10,653 (+1.3%), from €796,001 to €806,654
- Gross operating margin +€33,154
up €33,154 (+18.7%), from €177,295 to €210,449
- Taxes +€10,737
up €10,737 (+17.4%), from €61,667 to €72,403
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 | €923,298 | €882,871 | -€40,427 | -4.4% |
| Fixed assets | 21/28 | €13,358 | €9,630 | -€3,727 | -27.9% |
| Tangible fixed assets | 22/27 | €13,358 | €9,630 | -€3,727 | -27.9% |
| Furniture and vehicles | 24 | €177 | €0 | -€177 | -100.0% |
| Other tangible fixed assets | 26 | €13,180 | €9,630 | -€3,550 | -26.9% |
| Current assets | 29/58 | €909,941 | €873,240 | -€36,700 | -4.0% |
| Amounts receivable within one year | 40/41 | €669,339 | €626,204 | -€43,135 | -6.4% |
| Trade receivables | 40 | €270,716 | €221,344 | -€49,372 | -18.2% |
| Other amounts receivable | 41 | €398,624 | €404,860 | +€6,236 | +1.6% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €96,321 | €132,143 | +€35,823 | +37.2% |
| Deferred charges and accrued income | 490/1 | €144,281 | €114,893 | -€29,387 | -20.4% |
| Total equity and liabilities | 10/49 | €923,298 | €882,871 | -€40,427 | -4.4% |
| Equity | 10/15 | €802,251 | €812,904 | +€10,653 | +1.3% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Reserves | 13 | €796,001 | €806,654 | +€10,653 | +1.3% |
| Distributable reserves | 133 | €796,001 | €806,654 | +€10,653 | +1.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €121,048 | €69,967 | -€51,081 | -42.2% |
| Amounts payable within one year | 42/48 | €121,035 | €69,967 | -€51,067 | -42.2% |
| Financial debts | 43 | - | €2,438 | +€2,438 | |
| Credit institutions | 430/8 | - | €2,438 | +€2,438 | |
| Trade debts | 44 | €29,496 | €1,676 | -€27,820 | -94.3% |
| Suppliers | 440/4 | €29,496 | €1,676 | -€27,820 | -94.3% |
| Taxes, remuneration and social security | 45 | €19,853 | €30,826 | +€10,973 | +55.3% |
| Taxes | 450/3 | €19,853 | €30,826 | +€10,973 | +55.3% |
| Other amounts payable | 47/48 | €71,685 | €35,027 | -€36,658 | -51.1% |
| Accrued charges and deferred income | 492/3 | €13 | €0 | -€13 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,568 | €3,727 | -€841 | -18.4% |
| Other operating charges | 640/8 | €1,321 | €1,283 | -€38 | -2.9% |
| Gross operating margin | 9900 | €177,295 | €210,449 | +€33,154 | +18.7% |
| Operating profit (loss) | 9901 | €171,406 | €205,439 | +€34,033 | +19.9% |
| Financial income | 75/76B | €7,224 | €7,139 | -€85 | -1.2% |
| Recurring financial income | 75 | €7,224 | €7,139 | -€85 | -1.2% |
| Financial charges | 65/66B | €5,428 | €4,521 | -€907 | -16.7% |
| Recurring financial charges | 65 | €5,428 | €4,521 | -€907 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | €173,202 | €208,057 | +€34,855 | +20.1% |
| Income taxes | 67/77 | €61,667 | €72,403 | +€10,737 | +17.4% |
| Profit (loss) for the period | 9904 | €111,535 | €135,653 | +€24,118 | +21.6% |
| Profit (loss) for the period to be appropriated | 9905 | €111,535 | €135,653 | +€24,118 | +21.6% |
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 5 October 2026 via checked.be.