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 & M
Largest movements
- Tangible fixed assets -€12,567
down €12,567 (-18.4%), from €68,287 to €55,720
- Profit (loss) carried forward -€8,675
down €8,675 (-10.7%), from -€81,291 to -€89,966
- Trade debts -€3,950
down €3,950 (-73.0%), from €5,413 to €1,462
- Turnover +€25,495
new in 2025: €25,495
- Purchases and services +€14,820
new in 2025: €14,820
- Depreciation +€3,060
up €3,060 (+27.0%), from €11,320 to €14,380
- Gross operating margin -€1,097
down €1,097 (-13.3%), from €8,273 to €7,176
- Other operating charges -€592
down €592 (-27.1%), from €2,187 to €1,595
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 | €157,445 | €144,643 | -€12,802 | -8.1% |
| Fixed assets | 21/28 | €68,287 | €55,720 | -€12,567 | -18.4% |
| Tangible fixed assets | 22/27 | €68,287 | €55,720 | -€12,567 | -18.4% |
| Land and buildings | 22 | €37,814 | €31,616 | -€6,198 | -16.4% |
| Plant, machinery and equipment | 23 | €13,809 | €10,142 | -€3,667 | -26.6% |
| Furniture and vehicles | 24 | €16,664 | €13,962 | -€2,702 | -16.2% |
| Current assets | 29/58 | €89,158 | €88,923 | -€235 | -0.3% |
| Stocks and contracts in progress | 3 | €16,504 | €15,766 | -€738 | -4.5% |
| Stocks | 30/36 | €16,504 | €15,766 | -€738 | -4.5% |
| Amounts receivable within one year | 40/41 | €2,347 | €1,910 | -€437 | -18.6% |
| Trade receivables | 40 | €1,855 | €984 | -€871 | -47.0% |
| Other amounts receivable | 41 | €492 | €926 | +€434 | +88.3% |
| Cash at bank and in hand | 54/58 | €70,308 | €71,248 | +€940 | +1.3% |
| Total equity and liabilities | 10/49 | €157,445 | €144,643 | -€12,802 | -8.1% |
| Equity | 10/15 | -€62,691 | -€71,366 | -€8,675 | -13.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€81,291 | -€89,966 | -€8,675 | -10.7% |
| Amounts payable | 17/49 | €220,135 | €216,009 | -€4,127 | -1.9% |
| Amounts payable after more than one year | 17 | €150,000 | €150,000 | = | 0.0% |
| Other amounts payable | 178/9 | €150,000 | €150,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €70,135 | €66,009 | -€4,127 | -5.9% |
| Trade debts | 44 | €5,413 | €1,462 | -€3,950 | -73.0% |
| Suppliers | 440/4 | €5,413 | €1,462 | -€3,950 | -73.0% |
| Taxes, remuneration and social security | 45 | €439 | - | -€439 | |
| Taxes | 450/3 | €439 | - | -€439 | |
| Other amounts payable | 47/48 | €64,283 | €64,546 | +€263 | +0.4% |
| Turnover | 70 | - | €25,495 | +€25,495 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €14,820 | +€14,820 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,320 | €14,380 | +€3,060 | +27.0% |
| Other operating charges | 640/8 | €2,187 | €1,595 | -€592 | -27.1% |
| Gross operating margin | 9900 | €8,273 | €7,176 | -€1,097 | -13.3% |
| Operating profit (loss) | 9901 | -€5,234 | -€8,799 | -€3,565 | -68.1% |
| Financial income | 75/76B | €324 | €255 | -€70 | -21.5% |
| Recurring financial income | 75 | €324 | €255 | -€70 | -21.5% |
| Financial charges | 65/66B | €89 | €131 | +€42 | +47.5% |
| Recurring financial charges | 65 | €89 | €131 | +€42 | +47.5% |
| Profit (loss) for the period before taxes | 9903 | -€4,998 | -€8,675 | -€3,677 | -73.6% |
| Income taxes | 67/77 | -€58 | - | +€58 | |
| Profit (loss) for the period | 9904 | -€4,940 | -€8,675 | -€3,735 | -75.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,940 | -€8,675 | -€3,735 | -75.6% |
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 17 October 2026 via checked.be.