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
- Receivables within one year +€5,210
up €5,210 (+281%), from €1,854 to €7,064
- Tangible fixed assets -€948
no longer reported in 2026 (was €948)
- Trade debts +€10,106
up €10,106 (+251%), from €4,029 to €14,135
- Other debts -€9,812
down €9,812 (-35.8%), from €27,373 to €17,561
- Profit (loss) carried forward +€3,734
up €3,734 (+12.8%), from -€29,243 to -€25,508
- Gross operating margin +€8,400
up €8,400, from -€3,007 to €5,393
- Depreciation -€1,519
down €1,519 (-61.6%), from €2,467 to €948
- Financial income +€85
new in 2026: €85
- Other operating charges -€82
down €82 (-10.8%), from €758 to €676
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,887 | €11,002 | +€4,116 | +59.8% |
| Fixed assets | 21/28 | €948 | - | -€948 | |
| Tangible fixed assets | 22/27 | €948 | - | -€948 | |
| Furniture and vehicles | 24 | €948 | - | -€948 | |
| Current assets | 29/58 | €5,939 | €11,002 | +€5,063 | +85.3% |
| Stocks and contracts in progress | 3 | €2,197 | €2,097 | -€100 | -4.6% |
| Stocks | 30/36 | €2,197 | €2,097 | -€100 | -4.6% |
| Amounts receivable within one year | 40/41 | €1,854 | €7,064 | +€5,210 | +281% |
| Trade receivables | 40 | €1,854 | €7,064 | +€5,210 | +281% |
| Cash at bank and in hand | 54/58 | €1,888 | €1,841 | -€47 | -2.5% |
| Total equity and liabilities | 10/49 | €6,887 | €11,002 | +€4,116 | +59.8% |
| Equity | 10/15 | -€27,243 | -€23,508 | +€3,734 | +13.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,243 | -€25,508 | +€3,734 | +12.8% |
| Amounts payable | 17/49 | €34,129 | €34,510 | +€381 | +1.1% |
| Amounts payable within one year | 42/48 | €34,129 | €34,510 | +€381 | +1.1% |
| Trade debts | 44 | €4,029 | €14,135 | +€10,106 | +251% |
| Suppliers | 440/4 | €4,029 | €14,135 | +€10,106 | +251% |
| Taxes, remuneration and social security | 45 | €2,727 | €2,815 | +€88 | +3.2% |
| Taxes | 450/3 | €2,727 | €2,815 | +€88 | +3.2% |
| Other amounts payable | 47/48 | €27,373 | €17,561 | -€9,812 | -35.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,467 | €948 | -€1,519 | -61.6% |
| Other operating charges | 640/8 | €758 | €676 | -€82 | -10.8% |
| Gross operating margin | 9900 | -€3,007 | €5,393 | +€8,400 | |
| Operating profit (loss) | 9901 | -€6,232 | €3,769 | +€10,001 | |
| Financial income | 75/76B | - | €85 | +€85 | |
| Recurring financial income | 75 | - | €85 | +€85 | |
| Financial charges | 65/66B | €92 | €120 | +€28 | +31.1% |
| Recurring financial charges | 65 | €92 | €120 | +€28 | +31.1% |
| Profit (loss) for the period before taxes | 9903 | -€6,323 | €3,734 | +€10,057 | |
| Profit (loss) for the period | 9904 | -€6,323 | €3,734 | +€10,057 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,323 | €3,734 | +€10,057 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.