J&M LABRADOR: 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 LABRADOR
Largest movements
- Receivables within one year -€653,983
down €653,983 (-86.3%), from €758,110 to €104,128
of which Other amounts receivable: -€652,754
- Receivables after one year +€648,103
new in 2025: €648,103
- Cash -€15,778
down €15,778 (-42.1%), from €37,446 to €21,668
mainly Receivables after one year (-€648,103) and Net result for the year (-€26,043)
- Tangible fixed assets -€13,647
down €13,647 (-5.6%), from €243,170 to €229,523
- Profit (loss) carried forward -€17,758
down €17,758 (-19.3%), from -€91,828 to -€109,587
- Gross operating margin -€6,533
down €6,533 (-95.0%), from -€6,879 to -€13,412
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 | €1,038,726 | €1,003,422 | -€35,304 | -3.4% |
| Fixed assets | 21/28 | €243,170 | €229,523 | -€13,647 | -5.6% |
| Tangible fixed assets | 22/27 | €243,170 | €229,523 | -€13,647 | -5.6% |
| Land and buildings | 22 | €200,488 | €195,650 | -€4,838 | -2.4% |
| Plant, machinery and equipment | 23 | €35,177 | €30,152 | -€5,025 | -14.3% |
| Furniture and vehicles | 24 | €7,505 | €3,721 | -€3,784 | -50.4% |
| Current assets | 29/58 | €795,557 | €773,899 | -€21,657 | -2.7% |
| Amounts receivable after more than one year | 29 | - | €648,103 | +€648,103 | |
| Other amounts receivable | 291 | - | €648,103 | +€648,103 | |
| Amounts receivable within one year | 40/41 | €758,110 | €104,128 | -€653,983 | -86.3% |
| Trade receivables | 40 | €1,229 | - | -€1,229 | |
| Other amounts receivable | 41 | €756,881 | €104,128 | -€652,754 | -86.2% |
| Cash at bank and in hand | 54/58 | €37,446 | €21,668 | -€15,778 | -42.1% |
| Total equity and liabilities | 10/49 | €1,038,726 | €1,003,422 | -€35,304 | -3.4% |
| Equity | 10/15 | €750,025 | €723,983 | -€26,043 | -3.5% |
| Contributions | 10/11 | €372,088 | €372,088 | = | 0.0% |
| Capital | 10 | €372,088 | €372,088 | = | 0.0% |
| Issued capital | 100 | €372,088 | €372,088 | = | 0.0% |
| Reserves | 13 | €469,765 | €461,481 | -€8,284 | -1.8% |
| Non-distributable reserves | 130/1 | €37,209 | €37,209 | = | 0.0% |
| Legal reserve | 130 | €37,209 | €37,209 | = | 0.0% |
| Tax-exempt reserves | 132 | €251,289 | €243,004 | -€8,284 | -3.3% |
| Distributable reserves | 133 | €181,268 | €181,268 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€91,828 | -€109,587 | -€17,758 | -19.3% |
| Provisions and deferred taxes | 16 | €83,763 | €81,001 | -€2,761 | -3.3% |
| Deferred taxes | 168 | €83,763 | €81,001 | -€2,761 | -3.3% |
| Amounts payable | 17/49 | €204,938 | €198,438 | -€6,500 | -3.2% |
| Amounts payable within one year | 42/48 | €204,938 | €198,438 | -€6,500 | -3.2% |
| Other amounts payable | 47/48 | €204,938 | €198,438 | -€6,500 | -3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,632 | €13,647 | +€15 | +0.1% |
| Other operating charges | 640/8 | €1,624 | €1,673 | +€49 | +3.0% |
| Gross operating margin | 9900 | -€6,879 | -€13,412 | -€6,533 | -95.0% |
| Operating profit (loss) | 9901 | -€22,135 | -€28,732 | -€6,597 | -29.8% |
| Financial charges | 65/66B | €67 | €72 | +€5 | +7.7% |
| Recurring financial charges | 65 | €67 | €72 | +€5 | +7.7% |
| Profit (loss) for the period before taxes | 9903 | -€22,202 | -€28,804 | -€6,603 | -29.7% |
| Transfer from deferred taxes | 780 | €2,761 | €2,761 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€19,440 | -€26,043 | -€6,603 | -34.0% |
| Transfer from tax-exempt reserves | 789 | €8,284 | €8,284 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,156 | -€17,758 | -€6,603 | -59.2% |
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.