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 -€94,417
down €94,417 (-13.7%), from €689,083 to €594,665
of which Land and buildings: -€77,583
- Receivables within one year +€47,381
up €47,381 (+65.9%), from €71,898 to €119,279
of which Other amounts receivable: +€41,597
- Deferred charges and accrued income -€20,882
down €20,882 (-41.1%), from €50,841 to €29,959
- Profit (loss) carried forward -€82,316
new in 2025: -€82,316
- Other debts +€51,991
up €51,991 (+6052.5%), from €859 to €52,850
- Reserves -€46,392
down €46,392 (-6.0%), from €775,010 to €728,618
- Debts after one year -€30,455
down €30,455 (-76.2%), from €39,991 to €9,536
- Tax, wage and social debts +€26,212
up €26,212 (+481.3%), from €5,446 to €31,659
- Gross operating margin -€282,568
down €282,568, from €272,426 to -€10,142
- Taxes -€61,507
down €61,507 (-76.4%), from €80,551 to €19,044
- Financial income -€25,221
down €25,221 (-83.0%), from €30,372 to €5,151
- Depreciation -€6,960
down €6,960 (-14.4%), from €48,278 to €41,318
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 | €883,451 | €811,833 | -€71,618 | -8.1% |
| Fixed assets | 21/28 | €690,083 | €595,665 | -€94,417 | -13.7% |
| Tangible fixed assets | 22/27 | €689,083 | €594,665 | -€94,417 | -13.7% |
| Land and buildings | 22 | €319,219 | €241,636 | -€77,583 | -24.3% |
| Furniture and vehicles | 24 | €21,896 | €16,062 | -€5,835 | -26.6% |
| Other tangible fixed assets | 26 | €347,968 | €336,968 | -€11,000 | -3.2% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €193,368 | €216,167 | +€22,799 | +11.8% |
| Amounts receivable within one year | 40/41 | €71,898 | €119,279 | +€47,381 | +65.9% |
| Trade receivables | 40 | €14,945 | €20,729 | +€5,783 | +38.7% |
| Other amounts receivable | 41 | €56,952 | €98,550 | +€41,597 | +73.0% |
| Cash at bank and in hand | 54/58 | €70,630 | €66,930 | -€3,700 | -5.2% |
| Deferred charges and accrued income | 490/1 | €50,841 | €29,959 | -€20,882 | -41.1% |
| Total equity and liabilities | 10/49 | €883,451 | €811,833 | -€71,618 | -8.1% |
| Equity | 10/15 | €787,410 | €658,702 | -€128,708 | -16.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €775,010 | €728,618 | -€46,392 | -6.0% |
| Distributable reserves | 133 | €775,010 | €728,618 | -€46,392 | -6.0% |
| Profit (loss) carried forward | 14 | - | -€82,316 | -€82,316 | |
| Amounts payable | 17/49 | €96,041 | €153,131 | +€57,090 | +59.4% |
| Amounts payable after more than one year | 17 | €39,991 | €9,536 | -€30,455 | -76.2% |
| Financial debts | 170/4 | €39,991 | €9,536 | -€30,455 | -76.2% |
| Amounts payable within one year | 42/48 | €54,651 | €139,291 | +€84,640 | +154.9% |
| Current portion of amounts payable after more than one year | 42 | €32,409 | €31,996 | -€413 | -1.3% |
| Trade debts | 44 | €15,937 | €22,787 | +€6,850 | +43.0% |
| Suppliers | 440/4 | €15,937 | €22,787 | +€6,850 | +43.0% |
| Taxes, remuneration and social security | 45 | €5,446 | €31,659 | +€26,212 | +481.3% |
| Taxes | 450/3 | €5,446 | €31,659 | +€26,212 | +481.3% |
| Other amounts payable | 47/48 | €859 | €52,850 | +€51,991 | +6052.5% |
| Accrued charges and deferred income | 492/3 | €1,399 | €4,304 | +€2,905 | +207.6% |
| Non-recurring operating income | 76A | €540 | €1,609 | +€1,069 | +198.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,278 | €41,318 | -€6,960 | -14.4% |
| Other operating charges | 640/8 | €3,515 | €3,533 | +€18 | +0.5% |
| Non-recurring operating charges | 66A | - | €6,668 | +€6,668 | |
| Gross operating margin | 9900 | €272,426 | -€10,142 | -€282,568 | |
| Operating profit (loss) | 9901 | €220,633 | -€61,661 | -€282,294 | |
| Financial income | 75/76B | €30,372 | €5,151 | -€25,221 | -83.0% |
| Recurring financial income | 75 | €30,372 | €5,151 | -€25,221 | -83.0% |
| Financial charges | 65/66B | €9,164 | €6,761 | -€2,402 | -26.2% |
| Recurring financial charges | 65 | €9,164 | €6,761 | -€2,402 | -26.2% |
| Profit (loss) for the period before taxes | 9903 | €241,842 | -€63,272 | -€305,114 | |
| Income taxes | 67/77 | €80,551 | €19,044 | -€61,507 | -76.4% |
| Profit (loss) for the period | 9904 | €161,291 | -€82,316 | -€243,606 | |
| Profit (loss) for the period to be appropriated | 9905 | €161,291 | -€82,316 | -€243,606 |
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 12 October 2026 via checked.be.