J.J.M: 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.J.M
Largest movements
- Current investments +€80,000
new in 2025: €80,000
- Cash -€47,246
down €47,246 (-72.0%), from €65,635 to €18,389
mainly Current investments (-€80,000) and Debts after one year (-€35,763)
- Tangible fixed assets -€11,753
down €11,753 (-2.5%), from €471,677 to €459,924
- Profit (loss) carried forward +€67,903
up €67,903 (+50.9%), from €133,489 to €201,392
- Debts after one year -€35,763
down €35,763 (-11.8%), from €303,320 to €267,557
- Other debts -€12,000
down €12,000 (-27.3%), from €44,000 to €32,000
- Gross operating margin +€1,316
up €1,316 (+1.2%), from €108,116 to €109,432
- Financial income +€1,288
new in 2025: €1,288
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 | €547,562 | €569,155 | +€21,593 | +3.9% |
| Fixed assets | 21/28 | €471,677 | €459,924 | -€11,753 | -2.5% |
| Tangible fixed assets | 22/27 | €471,677 | €459,924 | -€11,753 | -2.5% |
| Land and buildings | 22 | €471,677 | €459,924 | -€11,753 | -2.5% |
| Current assets | 29/58 | €75,884 | €109,231 | +€33,346 | +43.9% |
| Amounts receivable within one year | 40/41 | €10,048 | €10,339 | +€292 | +2.9% |
| Trade receivables | 40 | €10,048 | €10,339 | +€292 | +2.9% |
| Current investments | 50/53 | - | €80,000 | +€80,000 | |
| Cash at bank and in hand | 54/58 | €65,635 | €18,389 | -€47,246 | -72.0% |
| Deferred charges and accrued income | 490/1 | €201 | €502 | +€301 | +149% |
| Total equity and liabilities | 10/49 | €547,562 | €569,155 | +€21,593 | +3.9% |
| Equity | 10/15 | €137,989 | €205,892 | +€67,903 | +49.2% |
| Contributions | 10/11 | €4,500 | €4,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €133,489 | €201,392 | +€67,903 | +50.9% |
| Amounts payable | 17/49 | €409,572 | €363,263 | -€46,310 | -11.3% |
| Amounts payable after more than one year | 17 | €303,320 | €267,557 | -€35,763 | -11.8% |
| Financial debts | 170/4 | €303,320 | €267,557 | -€35,763 | -11.8% |
| Amounts payable within one year | 42/48 | €101,130 | €90,766 | -€10,364 | -10.2% |
| Current portion of amounts payable after more than one year | 42 | €34,595 | €35,763 | +€1,168 | +3.4% |
| Trade debts | 44 | €963 | €996 | +€32 | +3.4% |
| Suppliers | 440/4 | €963 | €996 | +€32 | +3.4% |
| Taxes, remuneration and social security | 45 | €21,572 | €22,007 | +€435 | +2.0% |
| Taxes | 450/3 | €21,572 | €22,007 | +€435 | +2.0% |
| Other amounts payable | 47/48 | €44,000 | €32,000 | -€12,000 | -27.3% |
| Accrued charges and deferred income | 492/3 | €5,122 | €4,940 | -€182 | -3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,753 | €11,753 | = | 0.0% |
| Other operating charges | 640/8 | €64 | €206 | +€142 | +223% |
| Gross operating margin | 9900 | €108,116 | €109,432 | +€1,316 | +1.2% |
| Operating profit (loss) | 9901 | €96,299 | €97,473 | +€1,174 | +1.2% |
| Financial income | 75/76B | - | €1,288 | +€1,288 | |
| Recurring financial income | 75 | - | €1,288 | +€1,288 | |
| Financial charges | 65/66B | €14,476 | €13,882 | -€593 | -4.1% |
| Recurring financial charges | 65 | €14,476 | €13,882 | -€593 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | €81,824 | €84,879 | +€3,055 | +3.7% |
| Income taxes | 67/77 | €16,374 | €16,976 | +€602 | +3.7% |
| Profit (loss) for the period | 9904 | €65,449 | €67,903 | +€2,454 | +3.7% |
| Profit (loss) for the period to be appropriated | 9905 | €65,449 | €67,903 | +€2,454 | +3.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.