J.M.K.A: 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.K.A
Largest movements
- Cash -€13,841
down €13,841 (-57.9%), from €23,912 to €10,071
mainly Contributions, distributions and other (-€14,000) and Tax, wage and social debts (-€9,164)
- Receivables within one year -€6,195
down €6,195 (-5.3%), from €117,650 to €111,455
of which Trade receivables: -€3,353
- Profit (loss) carried forward -€16,218
down €16,218 (-16.4%), from €98,946 to €82,727
- Tax, wage and social debts -€9,164
down €9,164 (-33.1%), from €27,684 to €18,520
of which Taxes: -€13,932
- Short-term financial debts +€4,546
new in 2025: €4,546
- Gross operating margin -€54,073
down €54,073 (-63.6%), from €84,971 to €30,897
- Taxes -€12,262
down €12,262 (-98.6%), from €12,432 to €170
- Staff costs +€6,537
up €6,537 (+22.3%), from €29,286 to €35,823
- Other operating charges -€966
down €966 (-59.4%), from €1,625 to €660
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 | €143,016 | €122,457 | -€20,559 | -14.4% |
| Fixed assets | 21/28 | €1,453 | €931 | -€523 | -36.0% |
| Tangible fixed assets | 22/27 | €1,453 | €931 | -€523 | -36.0% |
| Plant, machinery and equipment | 23 | €1,453 | €931 | -€523 | -36.0% |
| Current assets | 29/58 | €141,562 | €121,526 | -€20,036 | -14.2% |
| Amounts receivable within one year | 40/41 | €117,650 | €111,455 | -€6,195 | -5.3% |
| Trade receivables | 40 | €19,989 | €16,637 | -€3,353 | -16.8% |
| Other amounts receivable | 41 | €97,661 | €94,818 | -€2,843 | -2.9% |
| Cash at bank and in hand | 54/58 | €23,912 | €10,071 | -€13,841 | -57.9% |
| Total equity and liabilities | 10/49 | €143,016 | €122,457 | -€20,559 | -14.4% |
| Equity | 10/15 | €98,947 | €82,728 | -€16,218 | -16.4% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Profit (loss) carried forward | 14 | €98,946 | €82,727 | -€16,218 | -16.4% |
| Amounts payable | 17/49 | €44,069 | €39,728 | -€4,341 | -9.9% |
| Amounts payable within one year | 42/48 | €44,069 | €39,728 | -€4,341 | -9.9% |
| Financial debts | 43 | - | €4,546 | +€4,546 | |
| Credit institutions | 430/8 | - | €4,546 | +€4,546 | |
| Trade debts | 44 | €2,385 | €2,662 | +€277 | +11.6% |
| Suppliers | 440/4 | €2,385 | €2,662 | +€277 | +11.6% |
| Taxes, remuneration and social security | 45 | €27,684 | €18,520 | -€9,164 | -33.1% |
| Taxes | 450/3 | €27,684 | €13,752 | -€13,932 | -50.3% |
| Remuneration and social security | 454/9 | - | €4,768 | +€4,768 | |
| Other amounts payable | 47/48 | €14,000 | €14,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €29,286 | €35,823 | +€6,537 | +22.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €523 | €523 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,625 | €660 | -€966 | -59.4% |
| Gross operating margin | 9900 | €84,971 | €30,897 | -€54,073 | -63.6% |
| Operating profit (loss) | 9901 | €53,536 | -€6,108 | -€59,644 | |
| Financial income | 75/76B | €4,118 | €4,118 | = | 0.0% |
| Recurring financial income | 75 | €4,118 | €4,118 | = | 0.0% |
| Financial charges | 65/66B | €58 | €58 | +€0 | +0.7% |
| Recurring financial charges | 65 | €58 | €58 | +€0 | +0.7% |
| Profit (loss) for the period before taxes | 9903 | €57,596 | -€2,048 | -€59,645 | |
| Income taxes | 67/77 | €12,432 | €170 | -€12,262 | -98.6% |
| Profit (loss) for the period | 9904 | €45,164 | -€2,218 | -€47,383 | |
| Profit (loss) for the period to be appropriated | 9905 | €45,164 | -€2,218 | -€47,383 |
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 30 October 2026 via checked.be.