J.M.M.: 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.M.
Largest movements
- Receivables within one year +€8,193
up €8,193 (+40.4%), from €20,293 to €28,485
of which Other amounts receivable: +€7,358
- Tangible fixed assets +€7,258
new in 2025: €7,258
- Stocks and contracts -€3,838
down €3,838 (-10.0%), from €38,301 to €34,463
- Deferred charges and accrued income +€2,922
up €2,922 (+435%), from €671 to €3,593
- Cash +€1,497
up €1,497 (+5.3%), from €28,455 to €29,952
mainly Trade debts (+€19,450) and Stocks and contracts (+€3,838)
- Trade debts +€19,450
up €19,450 (+210%), from €9,280 to €28,731
- Accrued charges and deferred income -€4,000
down €4,000 (-40.0%), from €10,000 to €6,000
- Profit (loss) carried forward +€1,759
up €1,759 (+21.1%), from €8,348 to €10,107
- Gross operating margin +€3,351
up €3,351 (+107%), from €3,146 to €6,496
- Depreciation +€2,242
new in 2025: €2,242
- Other operating charges +€1,059
up €1,059 (+692%), from €153 to €1,213
- Financial charges -€482
down €482 (-55.2%), from €872 to €390
- Taxes +€369
up €369 (+45.9%), from €804 to €1,173
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 | €87,720 | €103,751 | +€16,031 | +18.3% |
| Fixed assets | 21/28 | - | €7,258 | +€7,258 | |
| Tangible fixed assets | 22/27 | - | €7,258 | +€7,258 | |
| Furniture and vehicles | 24 | - | €7,258 | +€7,258 | |
| Current assets | 29/58 | €87,720 | €96,493 | +€8,773 | +10.0% |
| Stocks and contracts in progress | 3 | €38,301 | €34,463 | -€3,838 | -10.0% |
| Stocks | 30/36 | €38,301 | €34,463 | -€3,838 | -10.0% |
| Amounts receivable within one year | 40/41 | €20,293 | €28,485 | +€8,193 | +40.4% |
| Trade receivables | 40 | €18,218 | €19,052 | +€834 | +4.6% |
| Other amounts receivable | 41 | €2,075 | €9,433 | +€7,358 | +355% |
| Cash at bank and in hand | 54/58 | €28,455 | €29,952 | +€1,497 | +5.3% |
| Deferred charges and accrued income | 490/1 | €671 | €3,593 | +€2,922 | +435% |
| Total equity and liabilities | 10/49 | €87,720 | €103,751 | +€16,031 | +18.3% |
| Equity | 10/15 | €58,239 | €59,998 | +€1,759 | +3.0% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Reserves | 13 | €29,440 | €29,440 | = | 0.0% |
| Distributable reserves | 133 | €29,440 | €29,440 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,348 | €10,107 | +€1,759 | +21.1% |
| Amounts payable | 17/49 | €29,481 | €43,753 | +€14,273 | +48.4% |
| Amounts payable within one year | 42/48 | €19,481 | €37,753 | +€18,273 | +93.8% |
| Trade debts | 44 | €9,280 | €28,731 | +€19,450 | +210% |
| Suppliers | 440/4 | €9,280 | €28,731 | +€19,450 | +210% |
| Taxes, remuneration and social security | 45 | €1,988 | €1,173 | -€815 | -41.0% |
| Taxes | 450/3 | €1,988 | €1,173 | -€815 | -41.0% |
| Other amounts payable | 47/48 | €8,212 | €7,849 | -€363 | -4.4% |
| Accrued charges and deferred income | 492/3 | €10,000 | €6,000 | -€4,000 | -40.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,242 | +€2,242 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €160 | - | -€160 | |
| Other operating charges | 640/8 | €153 | €1,213 | +€1,059 | +692% |
| Gross operating margin | 9900 | €3,146 | €6,496 | +€3,351 | +107% |
| Operating profit (loss) | 9901 | €2,833 | €3,042 | +€209 | +7.4% |
| Financial income | 75/76B | €122 | €280 | +€158 | +129% |
| Recurring financial income | 75 | €122 | €280 | +€158 | +129% |
| Financial charges | 65/66B | €872 | €390 | -€482 | -55.2% |
| Recurring financial charges | 65 | €872 | €390 | -€482 | -55.2% |
| Profit (loss) for the period before taxes | 9903 | €2,083 | €2,932 | +€849 | +40.8% |
| Income taxes | 67/77 | €804 | €1,173 | +€369 | +45.9% |
| Profit (loss) for the period | 9904 | €1,279 | €1,759 | +€480 | +37.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,279 | €1,759 | +€480 | +37.5% |
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 22 October 2026 via checked.be.