J.C.M.B.: 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.
J.C.M.B.
Largest movements
- Receivables within one year -€9,813
down €9,813 (-27.5%), from €35,663 to €25,849
of which Other amounts receivable: -€9,405
- Cash -€9,746
down €9,746 (-19.8%), from €49,233 to €39,486
mainly Net result for the year (-€16,952) and Trade debts (-€6,618)
- Tangible fixed assets -€8,640
down €8,640 (-9.0%), from €95,848 to €87,208
of which Other tangible fixed assets: -€4,627
- Reserves -€9,292
down €9,292 (-18.4%), from €50,380 to €41,088
of which Distributable reserves: -€9,292
- Revaluation surpluses -€7,660
down €7,660 (-20.3%), from €37,730 to €30,070
- Trade debts -€6,618
no longer reported in 2025 (was €6,618)
- Debts after one year -€6,224
down €6,224 (-37.5%), from €16,592 to €10,368
- Current portion of long-term debt +€2,590
up €2,590 (+43.3%), from €5,984 to €8,574
- Gross operating margin -€32,034
down €32,034 (-97.9%), from €32,722 to €688
- Taxes -€6,762
down €6,762 (-90.7%), from €7,453 to €691
- Depreciation +€1,701
up €1,701 (+16.0%), from €10,658 to €12,359
- Other operating charges -€679
down €679 (-26.1%), from €2,602 to €1,923
- Financial income -€538
down €538 (-65.9%), from €817 to €279
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 | €181,947 | €153,336 | -€28,611 | -15.7% |
| Fixed assets | 21/28 | €95,909 | €87,268 | -€8,640 | -9.0% |
| Tangible fixed assets | 22/27 | €95,848 | €87,208 | -€8,640 | -9.0% |
| Land and buildings | 22 | €49,735 | €46,405 | -€3,330 | -6.7% |
| Furniture and vehicles | 24 | €14,238 | €13,555 | -€683 | -4.8% |
| Other tangible fixed assets | 26 | €31,875 | €27,248 | -€4,627 | -14.5% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €86,038 | €66,068 | -€19,970 | -23.2% |
| Amounts receivable within one year | 40/41 | €35,663 | €25,849 | -€9,813 | -27.5% |
| Trade receivables | 40 | €16,593 | €16,185 | -€408 | -2.5% |
| Other amounts receivable | 41 | €19,070 | €9,665 | -€9,405 | -49.3% |
| Cash at bank and in hand | 54/58 | €49,233 | €39,486 | -€9,746 | -19.8% |
| Deferred charges and accrued income | 490/1 | €1,143 | €732 | -€411 | -35.9% |
| Total equity and liabilities | 10/49 | €181,947 | €153,336 | -€28,611 | -15.7% |
| Equity | 10/15 | €150,110 | €133,158 | -€16,952 | -11.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €37,730 | €30,070 | -€7,660 | -20.3% |
| Reserves | 13 | €50,380 | €41,088 | -€9,292 | -18.4% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €44,180 | €34,888 | -€9,292 | -21.0% |
| Amounts payable | 17/49 | €31,837 | €20,178 | -€11,659 | -36.6% |
| Amounts payable after more than one year | 17 | €16,592 | €10,368 | -€6,224 | -37.5% |
| Financial debts | 170/4 | €16,592 | €10,368 | -€6,224 | -37.5% |
| Amounts payable within one year | 42/48 | €15,245 | €9,810 | -€5,435 | -35.7% |
| Current portion of amounts payable after more than one year | 42 | €5,984 | €8,574 | +€2,590 | +43.3% |
| Trade debts | 44 | €6,618 | - | -€6,618 | |
| Suppliers | 440/4 | €6,618 | - | -€6,618 | |
| Advances received on contracts in progress | 46 | €800 | - | -€800 | |
| Taxes, remuneration and social security | 45 | €490 | €557 | +€66 | +13.5% |
| Taxes | 450/3 | €490 | €557 | +€66 | +13.5% |
| Other amounts payable | 47/48 | €1,353 | €679 | -€673 | -49.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,658 | €12,359 | +€1,701 | +16.0% |
| Other operating charges | 640/8 | €2,602 | €1,923 | -€679 | -26.1% |
| Gross operating margin | 9900 | €32,722 | €688 | -€32,034 | -97.9% |
| Operating profit (loss) | 9901 | €19,462 | -€13,593 | -€33,055 | |
| Financial income | 75/76B | €817 | €279 | -€538 | -65.9% |
| Recurring financial income | 75 | €817 | €279 | -€538 | -65.9% |
| Financial charges | 65/66B | €3,211 | €2,946 | -€265 | -8.3% |
| Recurring financial charges | 65 | €3,211 | €2,946 | -€265 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €17,067 | -€16,261 | -€33,328 | |
| Income taxes | 67/77 | €7,453 | €691 | -€6,762 | -90.7% |
| Profit (loss) for the period | 9904 | €9,614 | -€16,952 | -€26,566 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,614 | -€16,952 | -€26,566 |
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 10 October 2026 via checked.be.