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
- Cash +€33,730
up €33,730 (+30.9%), from €109,110 to €142,840
mainly Depreciation (+€14,455) and Net result for the year (+€14,080)
- Tangible fixed assets -€12,549
down €12,549 (-24.1%), from €52,030 to €39,481
of which Furniture and vehicles: -€8,954
- Deferred charges and accrued income -€2,179
down €2,179 (-46.8%), from €4,655 to €2,476
- Reserves +€13,863
up €13,863 (+10.4%), from €133,778 to €147,641
of which Distributable reserves: +€15,000
- Trade debts +€2,532
up €2,532 (+58.9%), from €4,299 to €6,831
- Gross operating margin +€2,779
up €2,779 (+2.8%), from €98,602 to €101,381
- Staff costs -€1,147
down €1,147 (-1.7%), from €65,872 to €64,725
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 | €173,960 | €193,055 | +€19,095 | +11.0% |
| Fixed assets | 21/28 | €52,030 | €39,481 | -€12,549 | -24.1% |
| Tangible fixed assets | 22/27 | €52,030 | €39,481 | -€12,549 | -24.1% |
| Plant, machinery and equipment | 23 | €5,511 | €4,348 | -€1,163 | -21.1% |
| Furniture and vehicles | 24 | €30,242 | €21,288 | -€8,954 | -29.6% |
| Other tangible fixed assets | 26 | €16,277 | €13,845 | -€2,432 | -14.9% |
| Current assets | 29/58 | €121,930 | €153,574 | +€31,644 | +26.0% |
| Stocks and contracts in progress | 3 | €7,571 | €7,187 | -€384 | -5.1% |
| Stocks | 30/36 | €7,571 | €7,187 | -€384 | -5.1% |
| Amounts receivable within one year | 40/41 | €594 | €1,071 | +€477 | +80.3% |
| Other amounts receivable | 41 | €594 | €1,071 | +€477 | +80.3% |
| Cash at bank and in hand | 54/58 | €109,110 | €142,840 | +€33,730 | +30.9% |
| Deferred charges and accrued income | 490/1 | €4,655 | €2,476 | -€2,179 | -46.8% |
| Total equity and liabilities | 10/49 | €173,960 | €193,055 | +€19,095 | +11.0% |
| Equity | 10/15 | €162,274 | €176,354 | +€14,080 | +8.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €133,778 | €147,641 | +€13,863 | +10.4% |
| Tax-exempt reserves | 132 | €1,750 | €613 | -€1,137 | -65.0% |
| Distributable reserves | 133 | €132,028 | €147,028 | +€15,000 | +11.4% |
| Profit (loss) carried forward | 14 | €9,896 | €10,113 | +€217 | +2.2% |
| Provisions and deferred taxes | 16 | €1,228 | €944 | -€284 | -23.1% |
| Deferred taxes | 168 | €1,228 | €944 | -€284 | -23.1% |
| Amounts payable | 17/49 | €10,458 | €15,757 | +€5,299 | +50.7% |
| Amounts payable within one year | 42/48 | €10,458 | €14,857 | +€4,399 | +42.1% |
| Trade debts | 44 | €4,299 | €6,831 | +€2,532 | +58.9% |
| Suppliers | 440/4 | €4,299 | €6,831 | +€2,532 | +58.9% |
| Taxes, remuneration and social security | 45 | €5,232 | €7,099 | +€1,867 | +35.7% |
| Taxes | 450/3 | €2,052 | €3,798 | +€1,746 | +85.1% |
| Remuneration and social security | 454/9 | €3,180 | €3,301 | +€121 | +3.8% |
| Other amounts payable | 47/48 | €927 | €927 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €900 | +€900 | |
| Non-recurring operating income | 76A | - | €11,600 | +€11,600 | |
| Remuneration, social security and pensions | 62 | €65,872 | €64,725 | -€1,147 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,717 | €14,455 | +€738 | +5.4% |
| Other operating charges | 640/8 | €2,467 | €2,486 | +€19 | +0.8% |
| Gross operating margin | 9900 | €98,602 | €101,381 | +€2,779 | +2.8% |
| Operating profit (loss) | 9901 | €16,546 | €19,715 | +€3,169 | +19.2% |
| Financial income | 75/76B | €804 | €1,113 | +€309 | +38.4% |
| Recurring financial income | 75 | €804 | €1,113 | +€309 | +38.4% |
| Financial charges | 65/66B | €1,511 | €1,521 | +€10 | +0.7% |
| Recurring financial charges | 65 | €1,511 | €1,521 | +€10 | +0.7% |
| Profit (loss) for the period before taxes | 9903 | €15,839 | €19,307 | +€3,468 | +21.9% |
| Transfer from deferred taxes | 780 | €284 | €284 | = | 0.0% |
| Income taxes | 67/77 | €5,447 | €5,511 | +€64 | +1.2% |
| Profit (loss) for the period | 9904 | €10,676 | €14,080 | +€3,404 | +31.9% |
| Transfer from tax-exempt reserves | 789 | €1,137 | €1,137 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,813 | €15,217 | +€3,404 | +28.8% |
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 16 October 2026 via checked.be.