J&M-ART: what changed
What changed
J&M-ART
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€337,195
2024 · €247,734+€89,462
Equity
€38,001
2024 · €500,806-€462,805
Cash
€28,744
2024 · €33,258-€4,515
Balance sheet total
€1.4m
2024 · €1.4m-€29,802
Largest movements
Assets
- Tangible fixed assets -€22,572
down €22,572 (-10.6%), from €212,450 to €189,878
of which Furniture and vehicles: -€12,053
Equity and liabilities
- Other debts +€802,295
up €802,295 (+2,166%), from €37,043 to €839,338
- Profit (loss) carried forward -€462,805
down €462,805 (-96.2%), from €481,081 to €18,276
- Debts after one year -€314,504
down €314,504 (-38.5%), from €816,894 to €502,389
of which Other amounts payable: -€298,500
- Current portion of long-term debt -€47,374
down €47,374 (-74.7%), from €63,379 to €16,004
Income statement
- Financial income +€115,500
up €115,500 (+50.0%), from €231,000 to €346,500
- Gross operating margin -€30,833
down €30,833 (-64.8%), from €47,612 to €16,779
- Depreciation -€4,578
down €4,578 (-29.0%), from €15,791 to €11,214
- Taxes -€4,557
down €4,557 (-76.6%), from €5,948 to €1,392
- Financial charges +€3,172
up €3,172 (+42.6%), from €7,451 to €10,622
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€247,734
Gross operating margin
-€30,833
Depreciation
+€4,578
Other operating charges
-€1,169
Financial income
+€115,500
Financial charges
-€3,172
Taxes
+€4,557
Result 2025
€337,195
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1.1m
Investment
+€11,618
Financing
-€1.2m
Cash 2024
€33,258
From operations (derived)
+€1.1m
Net result for the year
+€337,195
Depreciation
+€11,214
Smaller working-capital items
+€2,078
Tax, wage and social debts
-€7,036
Other debts
+€802,295
Investment (derived)
+€11,618
Investment in fixed assets (net)
+€11,618
Financing
-€1.2m
Debts after one year
-€314,504
Current portion of long-term debt
-€47,374
Contributions, distributions and other
-€800,000
Cash 2025
€28,744
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,438,418 | €1,408,616 | -€29,802 | -2.1% |
| Fixed assets | 21/28 | €1,400,710 | €1,377,878 | -€22,832 | -1.6% |
| Tangible fixed assets | 22/27 | €212,450 | €189,878 | -€22,572 | -10.6% |
| Land and buildings | 22 | €188,493 | €180,493 | -€8,000 | -4.2% |
| Plant, machinery and equipment | 23 | €7,951 | €5,433 | -€2,518 | -31.7% |
| Furniture and vehicles | 24 | €16,006 | €3,953 | -€12,053 | -75.3% |
| Financial fixed assets | 28 | €1,188,260 | €1,188,000 | -€260 | 0.0% |
| Current assets | 29/58 | €37,708 | €30,738 | -€6,971 | -18.5% |
| Amounts receivable within one year | 40/41 | €1,388 | €494 | -€894 | -64.4% |
| Trade receivables | 40 | €1,336 | €385 | -€950 | -71.1% |
| Other amounts receivable | 41 | €52 | €109 | +€57 | +109% |
| Cash at bank and in hand | 54/58 | €33,258 | €28,744 | -€4,515 | -13.6% |
| Deferred charges and accrued income | 490/1 | €3,062 | €1,500 | -€1,562 | -51.0% |
| Total equity and liabilities | 10/49 | €1,438,418 | €1,408,616 | -€29,802 | -2.1% |
| Equity | 10/15 | €500,806 | €38,001 | -€462,805 | -92.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,125 | €1,125 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,125 | €1,125 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,125 | €1,125 | = | 0.0% |
| Profit (loss) carried forward | 14 | €481,081 | €18,276 | -€462,805 | -96.2% |
| Amounts payable | 17/49 | €937,613 | €1,370,615 | +€433,002 | +46.2% |
| Amounts payable after more than one year | 17 | €816,894 | €502,389 | -€314,504 | -38.5% |
| Financial debts | 170/4 | €138,894 | €122,889 | -€16,004 | -11.5% |
| Other amounts payable | 178/9 | €678,000 | €379,500 | -€298,500 | -44.0% |
| Amounts payable within one year | 42/48 | €120,719 | €868,225 | +€747,507 | +619% |
| Current portion of amounts payable after more than one year | 42 | €63,379 | €16,004 | -€47,374 | -74.7% |
| Trade debts | 44 | €1,240 | €862 | -€378 | -30.5% |
| Suppliers | 440/4 | €1,240 | €862 | -€378 | -30.5% |
| Taxes, remuneration and social security | 45 | €19,057 | €12,022 | -€7,036 | -36.9% |
| Taxes | 450/3 | €15,057 | €8,022 | -€7,036 | -46.7% |
| Remuneration and social security | 454/9 | €4,000 | €4,000 | = | 0.0% |
| Other amounts payable | 47/48 | €37,043 | €839,338 | +€802,295 | +2,166% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,791 | €11,214 | -€4,578 | -29.0% |
| Other operating charges | 640/8 | €1,688 | €2,856 | +€1,169 | +69.2% |
| Gross operating margin | 9900 | €47,612 | €16,779 | -€30,833 | -64.8% |
| Operating profit (loss) | 9901 | €30,133 | €2,709 | -€27,423 | -91.0% |
| Financial income | 75/76B | €231,000 | €346,500 | +€115,500 | +50.0% |
| Recurring financial income | 75 | €231,000 | €346,500 | +€115,500 | +50.0% |
| Financial charges | 65/66B | €7,451 | €10,622 | +€3,172 | +42.6% |
| Recurring financial charges | 65 | €7,451 | €10,622 | +€3,172 | +42.6% |
| Profit (loss) for the period before taxes | 9903 | €253,682 | €338,587 | +€84,905 | +33.5% |
| Income taxes | 67/77 | €5,948 | €1,392 | -€4,557 | -76.6% |
| Profit (loss) for the period | 9904 | €247,734 | €337,195 | +€89,462 | +36.1% |
| Profit (loss) for the period to be appropriated | 9905 | €247,734 | €337,195 | +€89,462 | +36.1% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.