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
- Receivables within one year -€20,361
down €20,361 (-99.4%), from €20,475 to €115
- Stocks and contracts -€16,910
down €16,910 (-3.8%), from €439,425 to €422,516
- Cash +€8,060
up €8,060 (+200%), from €4,033 to €12,093
mainly Receivables within one year (+€20,361) and Stocks and contracts (+€16,910)
- Profit (loss) carried forward -€20,053
down €20,053 (-4.1%), from -€494,764 to -€514,816
- Other debts -€12,263
down €12,263 (-1.5%), from €806,268 to €794,005
- Gross operating margin +€7,460
up €7,460 (+43.3%), from -€17,244 to -€9,784
- Other operating charges +€825
up €825 (+9.0%), from €9,172 to €9,997
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 | €466,459 | €434,965 | -€31,494 | -6.8% |
| Current assets | 29/58 | €466,459 | €434,965 | -€31,494 | -6.8% |
| Stocks and contracts in progress | 3 | €439,425 | €422,516 | -€16,910 | -3.8% |
| Stocks | 30/36 | €439,425 | €422,516 | -€16,910 | -3.8% |
| Amounts receivable within one year | 40/41 | €20,475 | €115 | -€20,361 | -99.4% |
| Other amounts receivable | 41 | €20,475 | €115 | -€20,361 | -99.4% |
| Cash at bank and in hand | 54/58 | €4,033 | €12,093 | +€8,060 | +200% |
| Deferred charges and accrued income | 490/1 | €2,525 | €242 | -€2,283 | -90.4% |
| Total equity and liabilities | 10/49 | €466,459 | €434,965 | -€31,494 | -6.8% |
| Equity | 10/15 | -€339,809 | -€359,861 | -€20,053 | -5.9% |
| 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 | €92,955 | €92,955 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,242 | €6,242 | = | 0.0% |
| Legal reserve | 130 | €6,242 | €6,242 | = | 0.0% |
| Distributable reserves | 133 | €86,713 | €86,713 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€494,764 | -€514,816 | -€20,053 | -4.1% |
| Amounts payable | 17/49 | €806,268 | €794,827 | -€11,441 | -1.4% |
| Amounts payable within one year | 42/48 | €806,268 | €794,827 | -€11,441 | -1.4% |
| Trade debts | 44 | - | €822 | +€822 | |
| Suppliers | 440/4 | - | €822 | +€822 | |
| Other amounts payable | 47/48 | €806,268 | €794,005 | -€12,263 | -1.5% |
| Other operating charges | 640/8 | €9,172 | €9,997 | +€825 | +9.0% |
| Gross operating margin | 9900 | -€17,244 | -€9,784 | +€7,460 | +43.3% |
| Operating profit (loss) | 9901 | -€26,416 | -€19,781 | +€6,635 | +25.1% |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €292 | €282 | -€10 | -3.4% |
| Recurring financial charges | 65 | €292 | €282 | -€10 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | -€26,708 | -€20,053 | +€6,655 | +24.9% |
| Profit (loss) for the period | 9904 | -€26,708 | -€20,053 | +€6,655 | +24.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,708 | -€20,053 | +€6,655 | +24.9% |
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 13 October 2026 via checked.be.