J.M.R.L.: what changed
J.M.R.L.
Largest movements
- Cash -€15,978
down €15,978 (-71.1%), from €22,459 to €6,481
mainly Net result for the year (-€13,866) and Trade debts (-€6,989)
- Receivables within one year -€15,201
down €15,201 (-39.9%), from €38,082 to €22,881
of which Trade receivables: -€14,872
- Tangible fixed assets -€1,075
down €1,075 (-6.1%), from €17,538 to €16,463
of which Plant, machinery and equipment: -€603
- Profit (loss) carried forward -€13,866
down €13,866 (-87.4%), from €15,874 to €2,008
- Trade debts -€6,989
down €6,989 (-55.3%), from €12,641 to €5,652
- Tax, wage and social debts -€6,944
down €6,944 (-56.1%), from €12,379 to €5,435
of which Taxes: -€4,584
- Other debts -€4,450
down €4,450 (-24.2%), from €18,355 to €13,905
- Gross operating margin -€51,601
down €51,601 (-78.3%), from €65,869 to €14,268
- Staff costs -€39,703
down €39,703 (-76.6%), from €51,856 to €12,153
- Other operating charges +€6,007
up €6,007 (+222%), from €2,704 to €8,711
- Taxes -€4,073
down €4,073, from €3,982 to -€92
- Depreciation -€857
down €857 (-9.7%), from €8,843 to €7,986
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €81,609 | €48,860 | -€32,749 | -40.1% |
| Fixed assets | 21/28 | €17,538 | €16,463 | -€1,075 | -6.1% |
| Tangible fixed assets | 22/27 | €17,538 | €16,463 | -€1,075 | -6.1% |
| Plant, machinery and equipment | 23 | €9,420 | €8,817 | -€603 | -6.4% |
| Furniture and vehicles | 24 | €8,118 | €7,646 | -€472 | -5.8% |
| Current assets | 29/58 | €64,071 | €32,397 | -€31,674 | -49.4% |
| Amounts receivable within one year | 40/41 | €38,082 | €22,881 | -€15,201 | -39.9% |
| Trade receivables | 40 | €37,753 | €22,881 | -€14,872 | -39.4% |
| Other amounts receivable | 41 | €329 | - | -€329 | |
| Cash at bank and in hand | 54/58 | €22,459 | €6,481 | -€15,978 | -71.1% |
| Deferred charges and accrued income | 490/1 | €3,530 | €3,035 | -€495 | -14.0% |
| Total equity and liabilities | 10/49 | €81,609 | €48,860 | -€32,749 | -40.1% |
| Equity | 10/15 | €23,934 | €10,068 | -€13,866 | -57.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,874 | €2,008 | -€13,866 | -87.4% |
| Amounts payable | 17/49 | €57,675 | €38,792 | -€18,883 | -32.7% |
| Amounts payable after more than one year | 17 | €12,300 | €12,300 | = | 0.0% |
| Other amounts payable | 178/9 | €12,300 | €12,300 | = | 0.0% |
| Amounts payable within one year | 42/48 | €43,375 | €24,992 | -€18,383 | -42.4% |
| Trade debts | 44 | €12,641 | €5,652 | -€6,989 | -55.3% |
| Suppliers | 440/4 | €12,641 | €5,652 | -€6,989 | -55.3% |
| Taxes, remuneration and social security | 45 | €12,379 | €5,435 | -€6,944 | -56.1% |
| Taxes | 450/3 | €9,669 | €5,085 | -€4,584 | -47.4% |
| Remuneration and social security | 454/9 | €2,710 | €350 | -€2,360 | -87.1% |
| Other amounts payable | 47/48 | €18,355 | €13,905 | -€4,450 | -24.2% |
| Accrued charges and deferred income | 492/3 | €2,000 | €1,500 | -€500 | -25.0% |
| Remuneration, social security and pensions | 62 | €51,856 | €12,153 | -€39,703 | -76.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,843 | €7,986 | -€857 | -9.7% |
| Other operating charges | 640/8 | €2,704 | €8,711 | +€6,007 | +222% |
| Gross operating margin | 9900 | €65,869 | €14,268 | -€51,601 | -78.3% |
| Operating profit (loss) | 9901 | €2,467 | -€14,582 | -€17,048 | |
| Financial income | 75/76B | €690 | €721 | +€32 | +4.6% |
| Recurring financial income | 75 | €690 | €721 | +€32 | +4.6% |
| Financial charges | 65/66B | €136 | €97 | -€39 | -28.7% |
| Recurring financial charges | 65 | €136 | €97 | -€39 | -28.7% |
| Profit (loss) for the period before taxes | 9903 | €3,020 | -€13,957 | -€16,978 | |
| Income taxes | 67/77 | €3,982 | -€92 | -€4,073 | |
| Profit (loss) for the period | 9904 | -€961 | -€13,866 | -€12,905 | -1,343% |
| Profit (loss) for the period to be appropriated | 9905 | -€961 | -€13,866 | -€12,905 | -1,343% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.