J.M.C. MANAGEMENT: 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. MANAGEMENT
Largest movements
- Receivables within one year +€94,319
up €94,319 (+70.4%), from €134,029 to €228,348
of which Other amounts receivable: +€93,027
- Tangible fixed assets -€9,683
down €9,683 (-42.2%), from €22,946 to €13,263
of which Land and buildings: -€5,520
- Reserves +€96,690
up €96,690 (+16.0%), from €605,423 to €702,113
of which Distributable reserves: +€96,690
- Gross operating margin -€130,917
down €130,917 (-70.1%), from €186,736 to €55,819
- Financial income +€70,900
new in 2025: €70,900
- Taxes -€28,515
down €28,515 (-59.8%), from €47,682 to €19,166
- Staff costs -€14,290
down €14,290, from €14,134 to -€156
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 | €748,497 | €837,963 | +€89,467 | +12.0% |
| Fixed assets | 21/28 | €605,496 | €595,813 | -€9,683 | -1.6% |
| Tangible fixed assets | 22/27 | €22,946 | €13,263 | -€9,683 | -42.2% |
| Land and buildings | 22 | €13,307 | €7,788 | -€5,520 | -41.5% |
| Furniture and vehicles | 24 | €9,639 | €5,475 | -€4,164 | -43.2% |
| Financial fixed assets | 28 | €582,550 | €582,550 | = | 0.0% |
| Current assets | 29/58 | €143,001 | €242,151 | +€99,150 | +69.3% |
| Amounts receivable within one year | 40/41 | €134,029 | €228,348 | +€94,319 | +70.4% |
| Trade receivables | 40 | €0 | €1,292 | +€1,292 | |
| Other amounts receivable | 41 | €134,029 | €227,056 | +€93,027 | +69.4% |
| Cash at bank and in hand | 54/58 | €8,670 | €13,495 | +€4,825 | +55.7% |
| Deferred charges and accrued income | 490/1 | €302 | €308 | +€6 | +2.0% |
| Total equity and liabilities | 10/49 | €748,497 | €837,963 | +€89,467 | +12.0% |
| Equity | 10/15 | €729,370 | €826,060 | +€96,690 | +13.3% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Capital | 10 | €123,947 | €123,947 | = | 0.0% |
| Issued capital | 100 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €605,423 | €702,113 | +€96,690 | +16.0% |
| Non-distributable reserves | 130/1 | €12,395 | €12,395 | = | 0.0% |
| Legal reserve | 130 | €12,395 | €12,395 | = | 0.0% |
| Distributable reserves | 133 | €593,029 | €689,718 | +€96,690 | +16.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €19,127 | €11,904 | -€7,223 | -37.8% |
| Amounts payable within one year | 42/48 | €17,110 | €8,532 | -€8,578 | -50.1% |
| Trade debts | 44 | €617 | €0 | -€617 | -100% |
| Suppliers | 440/4 | €617 | €0 | -€617 | -100% |
| Taxes, remuneration and social security | 45 | €16,493 | €8,532 | -€7,961 | -48.3% |
| Taxes | 450/3 | €16,493 | €8,532 | -€7,961 | -48.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €2,017 | €3,372 | +€1,355 | +67.2% |
| Remuneration, social security and pensions | 62 | €14,134 | -€156 | -€14,290 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,683 | €9,683 | = | 0.0% |
| Other operating charges | 640/8 | €638 | €1,256 | +€618 | +96.8% |
| Gross operating margin | 9900 | €186,736 | €55,819 | -€130,917 | -70.1% |
| Operating profit (loss) | 9901 | €162,281 | €45,036 | -€117,245 | -72.2% |
| Financial income | 75/76B | - | €70,900 | +€70,900 | |
| Recurring financial income | 75 | - | €70,900 | +€70,900 | |
| Financial charges | 65/66B | €40 | €80 | +€40 | +101% |
| Recurring financial charges | 65 | €40 | €80 | +€40 | +101% |
| Profit (loss) for the period before taxes | 9903 | €162,241 | €115,856 | -€46,385 | -28.6% |
| Income taxes | 67/77 | €47,682 | €19,166 | -€28,515 | -59.8% |
| Profit (loss) for the period | 9904 | €114,559 | €96,690 | -€17,870 | -15.6% |
| Profit (loss) for the period to be appropriated | 9905 | €114,559 | €96,690 | -€17,870 | -15.6% |
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.