GROUP J.M.C.: 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.
GROUP J.M.C.
Largest movements
- Receivables within one year +€19,697
up €19,697 (+73.3%), from €26,863 to €46,561
of which Trade receivables: +€19,511
- Tangible fixed assets -€12,877
down €12,877 (-5.0%), from €257,275 to €244,398
of which Land and buildings: -€11,917
- Reserves +€14,466
up €14,466 (+5.6%), from €257,413 to €271,878
of which Distributable reserves: +€14,466
- Debts after one year -€10,358
down €10,358 (-9.6%), from €108,192 to €97,834
- Gross operating margin +€19,794
up €19,794 (+22.7%), from €87,278 to €107,072
- Staff costs +€12,415
up €12,415 (+25.9%), from €47,844 to €60,259
- Taxes +€4,053
up €4,053 (+90.2%), from €4,494 to €8,547
- Financial charges -€3,390
down €3,390 (-39.0%), from €8,686 to €5,296
- Depreciation +€1,396
up €1,396 (+9.5%), from €14,631 to €16,027
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 | €451,205 | €453,492 | +€2,287 | +0.5% |
| Fixed assets | 21/28 | €257,771 | €244,894 | -€12,877 | -5.0% |
| Tangible fixed assets | 22/27 | €257,275 | €244,398 | -€12,877 | -5.0% |
| Land and buildings | 22 | €246,794 | €234,877 | -€11,917 | -4.8% |
| Plant, machinery and equipment | 23 | €7,046 | €5,377 | -€1,669 | -23.7% |
| Furniture and vehicles | 24 | €3,434 | €4,144 | +€709 | +20.7% |
| Financial fixed assets | 28 | €496 | €496 | = | 0.0% |
| Current assets | 29/58 | €193,435 | €208,599 | +€15,164 | +7.8% |
| Amounts receivable within one year | 40/41 | €26,863 | €46,561 | +€19,697 | +73.3% |
| Trade receivables | 40 | €26,863 | €46,374 | +€19,511 | +72.6% |
| Other amounts receivable | 41 | - | €186 | +€186 | |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €163,726 | €159,695 | -€4,031 | -2.5% |
| Deferred charges and accrued income | 490/1 | €2,845 | €2,342 | -€503 | -17.7% |
| Total equity and liabilities | 10/49 | €451,205 | €453,492 | +€2,287 | +0.5% |
| Equity | 10/15 | €268,726 | €283,192 | +€14,466 | +5.4% |
| Contributions | 10/11 | €11,313 | €11,313 | = | 0.0% |
| Reserves | 13 | €257,413 | €271,878 | +€14,466 | +5.6% |
| Tax-exempt reserves | 132 | €23,000 | €23,000 | = | 0.0% |
| Distributable reserves | 133 | €234,413 | €248,878 | +€14,466 | +6.2% |
| Amounts payable | 17/49 | €182,479 | €170,301 | -€12,179 | -6.7% |
| Amounts payable after more than one year | 17 | €108,192 | €97,834 | -€10,358 | -9.6% |
| Financial debts | 170/4 | €108,192 | €97,834 | -€10,358 | -9.6% |
| Amounts payable within one year | 42/48 | €74,288 | €72,467 | -€1,821 | -2.5% |
| Current portion of amounts payable after more than one year | 42 | €10,198 | €10,358 | +€160 | +1.6% |
| Financial debts | 43 | €845 | €2,668 | +€1,823 | +216% |
| Credit institutions | 430/8 | €845 | €2,668 | +€1,823 | +216% |
| Trade debts | 44 | €8,360 | €7,698 | -€663 | -7.9% |
| Suppliers | 440/4 | €8,360 | €7,698 | -€663 | -7.9% |
| Taxes, remuneration and social security | 45 | €41,572 | €38,048 | -€3,524 | -8.5% |
| Taxes | 450/3 | €33,703 | €28,072 | -€5,631 | -16.7% |
| Remuneration and social security | 454/9 | €7,870 | €9,977 | +€2,107 | +26.8% |
| Other amounts payable | 47/48 | €13,313 | €13,695 | +€382 | +2.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €33,038 | €0 | -€33,038 | -100% |
| Remuneration, social security and pensions | 62 | €47,844 | €60,259 | +€12,415 | +25.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,631 | €16,027 | +€1,396 | +9.5% |
| Other operating charges | 640/8 | €3,734 | €3,561 | -€173 | -4.6% |
| Gross operating margin | 9900 | €87,278 | €107,072 | +€19,794 | +22.7% |
| Operating profit (loss) | 9901 | €21,070 | €27,225 | +€6,155 | +29.2% |
| Financial income | 75/76B | €58 | €1,084 | +€1,025 | +1,760% |
| Recurring financial income | 75 | €58 | €1,084 | +€1,025 | +1,760% |
| Financial charges | 65/66B | €8,686 | €5,296 | -€3,390 | -39.0% |
| Recurring financial charges | 65 | €8,686 | €5,296 | -€3,390 | -39.0% |
| Profit (loss) for the period before taxes | 9903 | €12,442 | €23,012 | +€10,570 | +85.0% |
| Income taxes | 67/77 | €4,494 | €8,547 | +€4,053 | +90.2% |
| Profit (loss) for the period | 9904 | €7,949 | €14,466 | +€6,517 | +82.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,949 | €14,466 | +€6,517 | +82.0% |
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 25 October 2026 via checked.be.