J.M MULTISERVICES: 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 MULTISERVICES
Largest movements
- Tangible fixed assets +€30,476
up €30,476 (+47.5%), from €64,218 to €94,693
of which Furniture and vehicles: +€31,947
- Receivables within one year +€4,378
up €4,378 (+55.7%), from €7,857 to €12,235
of which Trade receivables: +€4,352
- Cash -€3,647
down €3,647 (-59.2%), from €6,157 to €2,510
mainly Investment in fixed assets (net) (-€59,369) and Other debts (-€8,705)
- Debts after one year +€44,502
new in 2025: €44,502
- Tax, wage and social debts +€8,977
new in 2025: €8,977
- Other debts -€8,705
down €8,705 (-10.0%), from €86,630 to €77,925
- Accrued charges and deferred income -€8,652
no longer reported in 2025 (was €8,652)
- Current portion of long-term debt +€7,677
new in 2025: €7,677
- Gross operating margin +€9,619
up €9,619 (+44.9%), from €21,442 to €31,061
- Depreciation +€4,725
up €4,725 (+19.6%), from €24,168 to €28,893
- Financial charges +€3,664
up €3,664 (+631%), from €581 to €4,244
- Other operating charges +€1,872
up €1,872 (+107%), from €1,750 to €3,623
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 | €92,542 | €124,205 | +€31,663 | +34.2% |
| Fixed assets | 21/28 | €64,218 | €94,693 | +€30,476 | +47.5% |
| Tangible fixed assets | 22/27 | €64,218 | €94,693 | +€30,476 | +47.5% |
| Plant, machinery and equipment | 23 | €5,094 | €4,184 | -€910 | -17.9% |
| Furniture and vehicles | 24 | €22,704 | €54,651 | +€31,947 | +141% |
| Other tangible fixed assets | 26 | €36,419 | €35,858 | -€562 | -1.5% |
| Current assets | 29/58 | €28,324 | €29,512 | +€1,187 | +4.2% |
| Stocks and contracts in progress | 3 | €13,866 | €13,364 | -€502 | -3.6% |
| Stocks | 30/36 | €13,866 | €13,364 | -€502 | -3.6% |
| Amounts receivable within one year | 40/41 | €7,857 | €12,235 | +€4,378 | +55.7% |
| Trade receivables | 40 | €7,788 | €12,140 | +€4,352 | +55.9% |
| Other amounts receivable | 41 | €69 | €95 | +€26 | +37.7% |
| Current investments | 50/53 | - | €369 | +€369 | |
| Cash at bank and in hand | 54/58 | €6,157 | €2,510 | -€3,647 | -59.2% |
| Deferred charges and accrued income | 490/1 | €443 | €1,033 | +€590 | +133% |
| Total equity and liabilities | 10/49 | €92,542 | €124,205 | +€31,663 | +34.2% |
| Equity | 10/15 | -€13,617 | -€19,428 | -€5,811 | -42.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,617 | -€24,428 | -€5,811 | -31.2% |
| Amounts payable | 17/49 | €106,159 | €143,633 | +€37,474 | +35.3% |
| Amounts payable after more than one year | 17 | - | €44,502 | +€44,502 | |
| Financial debts | 170/4 | - | €44,502 | +€44,502 | |
| Amounts payable within one year | 42/48 | €97,506 | €99,132 | +€1,625 | +1.7% |
| Current portion of amounts payable after more than one year | 42 | - | €7,677 | +€7,677 | |
| Trade debts | 44 | €10,877 | €4,553 | -€6,324 | -58.1% |
| Suppliers | 440/4 | €10,877 | €4,553 | -€6,324 | -58.1% |
| Taxes, remuneration and social security | 45 | - | €8,977 | +€8,977 | |
| Taxes | 450/3 | - | €8,977 | +€8,977 | |
| Other amounts payable | 47/48 | €86,630 | €77,925 | -€8,705 | -10.0% |
| Accrued charges and deferred income | 492/3 | €8,652 | - | -€8,652 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,168 | €28,893 | +€4,725 | +19.6% |
| Other operating charges | 640/8 | €1,750 | €3,623 | +€1,872 | +107% |
| Gross operating margin | 9900 | €21,442 | €31,061 | +€9,619 | +44.9% |
| Operating profit (loss) | 9901 | -€4,476 | -€1,454 | +€3,021 | +67.5% |
| Financial income | 75/76B | €11 | €28 | +€17 | +165% |
| Recurring financial income | 75 | €11 | €28 | +€17 | +165% |
| Financial charges | 65/66B | €581 | €4,244 | +€3,664 | +631% |
| Recurring financial charges | 65 | €581 | €4,244 | +€3,664 | +631% |
| Profit (loss) for the period before taxes | 9903 | -€5,046 | -€5,671 | -€625 | -12.4% |
| Income taxes | 67/77 | - | €141 | +€141 | |
| Profit (loss) for the period | 9904 | -€5,046 | -€5,811 | -€766 | -15.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,046 | -€5,811 | -€766 | -15.2% |
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 14 October 2026 via checked.be.