J.M.E.: 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.E.
Largest movements
- Receivables within one year +€5,046
new in 2025: €5,046
- Deferred charges and accrued income -€2,850
no longer reported in 2025 (was €2,850)
- Cash -€2,437
down €2,437 (-77.4%), from €3,147 to €710
mainly Other debts (-€58,495) and Receivables within one year (-€5,046)
- Profit (loss) carried forward +€64,298
up €64,298 (+5.0%), from -€1.3m to -€1.2m
- Other debts -€58,495
down €58,495 (-21.6%), from €271,275 to €212,780
- Tax, wage and social debts -€3,270
down €3,270 (-56.2%), from €5,814 to €2,544
- Trade debts -€2,774
down €2,774 (-28.1%), from €9,860 to €7,086
- Provisions +€67,488
no longer reported in 2025 (was -€67,488)
- Gross operating margin +€30,285
up €30,285 (+68.4%), from €44,269 to €74,554
- Write-downs -€2,031
no longer reported in 2025 (was €2,031)
- Financial charges +€1,750
up €1,750 (+29.0%), from €6,033 to €7,783
- Depreciation -€768
no longer reported in 2025 (was €768)
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 | €222,194 | €221,953 | -€241 | -0.1% |
| Current assets | 29/58 | €222,194 | €221,953 | -€241 | -0.1% |
| Amounts receivable after more than one year | 29 | €216,197 | €216,197 | = | 0.0% |
| Other amounts receivable | 291 | €216,197 | €216,197 | = | 0.0% |
| Amounts receivable within one year | 40/41 | - | €5,046 | +€5,046 | |
| Trade receivables | 40 | - | €5,046 | +€5,046 | |
| Cash at bank and in hand | 54/58 | €3,147 | €710 | -€2,437 | -77.4% |
| Deferred charges and accrued income | 490/1 | €2,850 | - | -€2,850 | |
| Total equity and liabilities | 10/49 | €222,194 | €221,953 | -€241 | -0.1% |
| Equity | 10/15 | -€188,644 | -€124,346 | +€64,298 | +34.1% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves | 13 | €100,000 | €100,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100,000 | €100,000 | = | 0.0% |
| Legal reserve | 130 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,288,644 | -€1,224,346 | +€64,298 | +5.0% |
| Provisions and deferred taxes | 16 | €110,000 | €110,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €110,000 | €110,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €110,000 | €110,000 | = | 0.0% |
| Amounts payable | 17/49 | €300,838 | €236,299 | -€64,539 | -21.5% |
| Amounts payable within one year | 42/48 | €286,948 | €222,409 | -€64,539 | -22.5% |
| Trade debts | 44 | €9,860 | €7,086 | -€2,774 | -28.1% |
| Suppliers | 440/4 | €9,860 | €7,086 | -€2,774 | -28.1% |
| Taxes, remuneration and social security | 45 | €5,814 | €2,544 | -€3,270 | -56.2% |
| Taxes | 450/3 | €5,814 | €2,544 | -€3,270 | -56.2% |
| Other amounts payable | 47/48 | €271,275 | €212,780 | -€58,495 | -21.6% |
| Accrued charges and deferred income | 492/3 | €13,890 | €13,890 | = | 0.0% |
| Non-recurring operating income | 76A | €55,698 | €20,900 | -€34,798 | -62.5% |
| Remuneration, social security and pensions | 62 | €1,108 | €1,764 | +€656 | +59.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €768 | - | -€768 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,031 | - | -€2,031 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€67,488 | - | +€67,488 | |
| Other operating charges | 640/8 | €968 | €400 | -€568 | -58.7% |
| Non-recurring operating charges | 66A | - | €311 | +€311 | |
| Gross operating margin | 9900 | €44,269 | €74,554 | +€30,285 | +68.4% |
| Operating profit (loss) | 9901 | €106,882 | €72,079 | -€34,803 | -32.6% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €6,033 | €7,783 | +€1,750 | +29.0% |
| Recurring financial charges | 65 | €6,033 | €7,783 | +€1,750 | +29.0% |
| Profit (loss) for the period before taxes | 9903 | €100,849 | €64,298 | -€36,551 | -36.2% |
| Profit (loss) for the period | 9904 | €100,849 | €64,298 | -€36,551 | -36.2% |
| Profit (loss) for the period to be appropriated | 9905 | €100,849 | €64,298 | -€36,551 | -36.2% |
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.