J.M.A.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.
J.M.A.C.
Largest movements
- Receivables within one year -€3,339
down €3,339 (-17.8%), from €18,771 to €15,431
of which Other amounts receivable: -€5,759
- Cash +€2,462
up €2,462 (+171%), from €1,441 to €3,903
mainly Other debts (+€7,979) and Trade debts (+€7,036)
- Tangible fixed assets -€2,274
down €2,274 (-12.2%), from €18,589 to €16,315
of which Other tangible fixed assets: -€2,070
- Profit (loss) carried forward -€12,059
down €12,059 (-27.2%), from -€44,275 to -€56,334
- Other debts +€7,979
up €7,979 (+1,045%), from €764 to €8,743
- Trade debts +€7,036
up €7,036 (+76.1%), from €9,246 to €16,282
- Tax, wage and social debts -€6,351
down €6,351 (-95.4%), from €6,659 to €308
- Gross operating margin +€6,367
up €6,367 (+50.3%), from -€12,670 to -€6,303
- Other operating charges -€4,914
down €4,914 (-58.7%), from €8,365 to €3,451
- Financial income -€1,810
down €1,810 (-88.2%), from €2,051 to €241
- Depreciation +€1,373
up €1,373 (+152%), from €902 to €2,274
- Taxes -€590
down €590 (-77.3%), from €764 to €174
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €40,594 | €37,199 | -€3,395 | -8.4% |
| Fixed assets | 21/28 | €20,139 | €17,865 | -€2,274 | -11.3% |
| Tangible fixed assets | 22/27 | €18,589 | €16,315 | -€2,274 | -12.2% |
| Furniture and vehicles | 24 | €871 | €666 | -€205 | -23.5% |
| Other tangible fixed assets | 26 | €17,718 | €15,648 | -€2,070 | -11.7% |
| Financial fixed assets | 28 | €1,550 | €1,550 | = | 0.0% |
| Current assets | 29/58 | €20,455 | €19,334 | -€1,121 | -5.5% |
| Amounts receivable within one year | 40/41 | €18,771 | €15,431 | -€3,339 | -17.8% |
| Trade receivables | 40 | €9,760 | €12,180 | +€2,420 | +24.8% |
| Other amounts receivable | 41 | €9,011 | €3,251 | -€5,759 | -63.9% |
| Cash at bank and in hand | 54/58 | €1,441 | €3,903 | +€2,462 | +171% |
| Deferred charges and accrued income | 490/1 | €243 | - | -€243 | |
| Total equity and liabilities | 10/49 | €40,594 | €37,199 | -€3,395 | -8.4% |
| Equity | 10/15 | €23,925 | €11,866 | -€12,059 | -50.4% |
| 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% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,275 | -€56,334 | -€12,059 | -27.2% |
| Amounts payable | 17/49 | €16,669 | €25,333 | +€8,664 | +52.0% |
| Amounts payable within one year | 42/48 | €16,669 | €25,333 | +€8,664 | +52.0% |
| Trade debts | 44 | €9,246 | €16,282 | +€7,036 | +76.1% |
| Suppliers | 440/4 | €9,246 | €16,282 | +€7,036 | +76.1% |
| Taxes, remuneration and social security | 45 | €6,659 | €308 | -€6,351 | -95.4% |
| Taxes | 450/3 | €6,659 | €308 | -€6,351 | -95.4% |
| Other amounts payable | 47/48 | €764 | €8,743 | +€7,979 | +1,045% |
| Non-recurring operating income | 76A | - | €2,420 | +€2,420 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €902 | €2,274 | +€1,373 | +152% |
| Other operating charges | 640/8 | €8,365 | €3,451 | -€4,914 | -58.7% |
| Non-recurring operating charges | 66A | €3,182 | - | -€3,182 | |
| Gross operating margin | 9900 | -€12,670 | -€6,303 | +€6,367 | +50.3% |
| Operating profit (loss) | 9901 | -€25,119 | -€12,029 | +€13,090 | +52.1% |
| Financial income | 75/76B | €2,051 | €241 | -€1,810 | -88.2% |
| Recurring financial income | 75 | €2,051 | €241 | -€1,810 | -88.2% |
| Financial charges | 65/66B | €195 | €99 | -€96 | -49.4% |
| Recurring financial charges | 65 | €195 | €99 | -€96 | -49.4% |
| Profit (loss) for the period before taxes | 9903 | -€23,262 | -€11,886 | +€11,376 | +48.9% |
| Income taxes | 67/77 | €764 | €174 | -€590 | -77.3% |
| Profit (loss) for the period | 9904 | -€24,026 | -€12,059 | +€11,966 | +49.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,026 | -€12,059 | +€11,966 | +49.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.