J.M.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.C.
Largest movements
- Tangible fixed assets -€36,022
down €36,022 (-16.4%), from €219,821 to €183,799
- Cash +€28,180
up €28,180 (+24.1%), from €117,158 to €145,338
mainly Net result for the year (+€57,388) and Depreciation (+€48,126)
- Receivables within one year +€11,361
up €11,361 (+14.7%), from €77,171 to €88,532
of which Trade receivables: +€6,361
- Reserves +€57,388
up €57,388 (+23.2%), from €247,851 to €305,239
of which Distributable reserves: +€58,549
- Debts after one year -€35,688
down €35,688 (-32.1%), from €111,192 to €75,504
- Tax, wage and social debts -€18,912
down €18,912 (-84.7%), from €22,317 to €3,405
of which Taxes: -€19,125
- Trade debts +€8,170
up €8,170 (+355.7%), from €2,297 to €10,467
- Depreciation -€13,606
down €13,606 (-22.0%), from €61,732 to €48,126
- Gross operating margin -€12,773
down €12,773 (-8.6%), from €148,499 to €135,727
- Financial charges -€11,812
down €11,812 (-79.1%), from €14,938 to €3,126
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.
Cash bridge derived
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 | €641,846 | €649,213 | +€7,367 | +1.1% |
| Fixed assets | 21/28 | €314,766 | €278,744 | -€36,022 | -11.4% |
| Tangible fixed assets | 22/27 | €219,821 | €183,799 | -€36,022 | -16.4% |
| Land and buildings | 22 | €123,612 | €116,193 | -€7,418 | -6.0% |
| Plant, machinery and equipment | 23 | €69,432 | €56,350 | -€13,082 | -18.8% |
| Furniture and vehicles | 24 | €26,778 | €11,256 | -€15,522 | -58.0% |
| Financial fixed assets | 28 | €94,944 | €94,944 | = | 0.0% |
| Current assets | 29/58 | €327,080 | €370,469 | +€43,389 | +13.3% |
| Amounts receivable after more than one year | 29 | €125,000 | €125,000 | = | 0.0% |
| Other amounts receivable | 291 | €125,000 | €125,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €77,171 | €88,532 | +€11,361 | +14.7% |
| Trade receivables | 40 | €42,171 | €48,532 | +€6,361 | +15.1% |
| Other amounts receivable | 41 | €35,000 | €40,000 | +€5,000 | +14.3% |
| Cash at bank and in hand | 54/58 | €117,158 | €145,338 | +€28,180 | +24.1% |
| Deferred charges and accrued income | 490/1 | €7,752 | €11,599 | +€3,848 | +49.6% |
| Total equity and liabilities | 10/49 | €641,846 | €649,213 | +€7,367 | +1.1% |
| Equity | 10/15 | €460,841 | €518,229 | +€57,388 | +12.5% |
| 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 | €247,851 | €305,239 | +€57,388 | +23.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,825 | €8,664 | -€1,161 | -11.8% |
| Distributable reserves | 133 | €231,826 | €290,375 | +€58,549 | +25.3% |
| Profit (loss) carried forward | 14 | €150,990 | €150,990 | = | 0.0% |
| Provisions and deferred taxes | 16 | €3,054 | €2,668 | -€387 | -12.7% |
| Deferred taxes | 168 | €3,054 | €2,668 | -€387 | -12.7% |
| Amounts payable | 17/49 | €177,951 | €128,316 | -€49,634 | -27.9% |
| Amounts payable after more than one year | 17 | €111,192 | €75,504 | -€35,688 | -32.1% |
| Financial debts | 170/4 | €111,192 | €75,504 | -€35,688 | -32.1% |
| Amounts payable within one year | 42/48 | €62,547 | €52,795 | -€9,752 | -15.6% |
| Current portion of amounts payable after more than one year | 42 | €37,683 | €38,622 | +€939 | +2.5% |
| Trade debts | 44 | €2,297 | €10,467 | +€8,170 | +355.7% |
| Suppliers | 440/4 | €2,297 | €10,467 | +€8,170 | +355.7% |
| Taxes, remuneration and social security | 45 | €22,317 | €3,405 | -€18,912 | -84.7% |
| Taxes | 450/3 | €22,167 | €3,042 | -€19,125 | -86.3% |
| Remuneration and social security | 454/9 | €150 | €363 | +€213 | +142.0% |
| Other amounts payable | 47/48 | €250 | €300 | +€50 | +20.0% |
| Accrued charges and deferred income | 492/3 | €4,211 | €17 | -€4,194 | -99.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €69 | €98 | +€29 | +41.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,732 | €48,126 | -€13,606 | -22.0% |
| Other operating charges | 640/8 | €3,494 | €4,445 | +€951 | +27.2% |
| Gross operating margin | 9900 | €148,499 | €135,727 | -€12,773 | -8.6% |
| Operating profit (loss) | 9901 | €83,204 | €83,058 | -€146 | -0.2% |
| Financial income | 75/76B | €0 | €41 | +€41 | |
| Recurring financial income | 75 | €0 | €41 | +€41 | |
| Financial charges | 65/66B | €14,938 | €3,126 | -€11,812 | -79.1% |
| Recurring financial charges | 65 | €14,938 | €3,126 | -€11,812 | -79.1% |
| Profit (loss) for the period before taxes | 9903 | €68,266 | €79,973 | +€11,707 | +17.1% |
| Transfer from deferred taxes | 780 | €1,315 | €387 | -€928 | -70.6% |
| Income taxes | 67/77 | €21,507 | €22,972 | +€1,465 | +6.8% |
| Profit (loss) for the period | 9904 | €48,074 | €57,388 | +€9,314 | +19.4% |
| Transfer from tax-exempt reserves | 789 | €3,945 | €1,161 | -€2,784 | -70.6% |
| Profit (loss) for the period to be appropriated | 9905 | €52,019 | €58,549 | +€6,531 | +12.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.