J.M.C.: what changed
Two fiscal 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
- Receivables after one year -€7,393
down €7,393 (-1.9%), from €387,254 to €379,860
- Cash +€5,155
up €5,155 (+103.6%), from €4,975 to €10,130
mainly Net result for the year (+€14,555) and Receivables after one year (+€7,393)
- Reserves +€134,819
up €134,819 (+1812.9%), from €7,437 to €142,256
of which Distributable reserves: +€135,506
- Profit (loss) carried forward -€134,264
down €134,264 (-100.0%), from €134,264 to €0
- Other debts -€5,000
down €5,000 (-26.3%), from €19,000 to €14,000
- Gross operating margin -€3,600
down €3,600 (-31.9%), from €11,275 to €7,675
- Financial charges +€740
up €740 (+45.3%), from €1,634 to €2,374
- Financial income -€576
down €576 (-3.6%), from €15,897 to €15,321
- Taxes -€239
down €239 (-21.7%), from €1,101 to €862
- Depreciation -€188
down €188 (-4.0%), from €4,729 to €4,541
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 | €420,697 | €417,250 | -€3,447 | -0.8% |
| Fixed assets | 21/28 | €4,911 | €4,111 | -€800 | -16.3% |
| Intangible fixed assets | 21 | €4,154 | €1,260 | -€2,894 | -69.7% |
| Tangible fixed assets | 22/27 | €756 | €2,851 | +€2,094 | +276.9% |
| Furniture and vehicles | 24 | €756 | €2,851 | +€2,094 | +276.9% |
| Current assets | 29/58 | €415,786 | €413,139 | -€2,647 | -0.6% |
| Amounts receivable after more than one year | 29 | €387,254 | €379,860 | -€7,393 | -1.9% |
| Other amounts receivable | 291 | €387,254 | €379,860 | -€7,393 | -1.9% |
| Amounts receivable within one year | 40/41 | €23,558 | €23,148 | -€409 | -1.7% |
| Other amounts receivable | 41 | €23,558 | €23,148 | -€409 | -1.7% |
| Cash at bank and in hand | 54/58 | €4,975 | €10,130 | +€5,155 | +103.6% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €420,697 | €417,250 | -€3,447 | -0.8% |
| Equity | 10/15 | €209,201 | €209,756 | +€555 | +0.3% |
| Contributions | 10/11 | €67,500 | €67,500 | = | 0.0% |
| Capital | 10 | €67,500 | €67,500 | = | 0.0% |
| Issued capital | 100 | €67,500 | €67,500 | = | 0.0% |
| Reserves | 13 | €7,437 | €142,256 | +€134,819 | +1812.9% |
| Non-distributable reserves | 130/1 | €7,437 | €6,750 | -€687 | -9.2% |
| Legal reserve | 130 | €7,437 | €6,750 | -€687 | -9.2% |
| Distributable reserves | 133 | - | €135,506 | +€135,506 | |
| Profit (loss) carried forward | 14 | €134,264 | €0 | -€134,264 | -100.0% |
| Amounts payable | 17/49 | €211,496 | €207,494 | -€4,002 | -1.9% |
| Amounts payable within one year | 42/48 | €107,444 | €102,872 | -€4,572 | -4.3% |
| Financial debts | 43 | €0 | €2,449 | +€2,449 | |
| Credit institutions | 430/8 | €0 | €2,449 | +€2,449 | |
| Trade debts | 44 | €81,175 | €81,202 | +€27 | 0.0% |
| Suppliers | 440/4 | €81,175 | €81,202 | +€27 | 0.0% |
| Taxes, remuneration and social security | 45 | €7,268 | €5,221 | -€2,048 | -28.2% |
| Taxes | 450/3 | €7,268 | €5,221 | -€2,048 | -28.2% |
| Other amounts payable | 47/48 | €19,000 | €14,000 | -€5,000 | -26.3% |
| Accrued charges and deferred income | 492/3 | €104,052 | €104,622 | +€570 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,729 | €4,541 | -€188 | -4.0% |
| Other operating charges | 640/8 | €542 | €663 | +€121 | +22.3% |
| Gross operating margin | 9900 | €11,275 | €7,675 | -€3,600 | -31.9% |
| Operating profit (loss) | 9901 | €6,004 | €2,471 | -€3,533 | -58.8% |
| Financial income | 75/76B | €15,897 | €15,321 | -€576 | -3.6% |
| Recurring financial income | 75 | €15,897 | €15,321 | -€576 | -3.6% |
| Financial charges | 65/66B | €1,634 | €2,374 | +€740 | +45.3% |
| Recurring financial charges | 65 | €1,634 | €2,374 | +€740 | +45.3% |
| Profit (loss) for the period before taxes | 9903 | €20,266 | €15,417 | -€4,849 | -23.9% |
| Income taxes | 67/77 | €1,101 | €862 | -€239 | -21.7% |
| Profit (loss) for the period | 9904 | €19,165 | €14,555 | -€4,610 | -24.1% |
| Profit (loss) for the period to be appropriated | 9905 | €19,165 | €14,555 | -€4,610 | -24.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.