J.M.S. GROUP: 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.S. GROUP
Largest movements
- Tangible fixed assets +€9,553
up €9,553 (+25.3%), from €37,717 to €47,270
of which Plant, machinery and equipment: +€8,022
- Receivables within one year +€8,403
up €8,403 (+12.0%), from €70,054 to €78,457
of which Trade receivables: +€11,380
- Cash -€4,886
down €4,886 (-20.9%), from €23,361 to €18,474
mainly Investment in fixed assets (net) (-€15,681) and Trade debts (-€12,112)
- Profit (loss) carried forward +€15,138
up €15,138 (+51.4%), from €29,426 to €44,564
- Trade debts -€12,112
down €12,112 (-19.3%), from €62,680 to €50,568
- Tax, wage and social debts +€6,661
up €6,661 (+223%), from €2,994 to €9,655
- Other debts +€4,370
up €4,370 (+360%), from €1,213 to €5,583
- Financial income +€13,133
up €13,133 (+588%), from €2,234 to €15,367
- Gross operating margin -€13,021
down €13,021 (-48.5%), from €26,863 to €13,843
- Taxes +€5,613
up €5,613 (+2,317%), from €242 to €5,855
- Financial charges -€4,930
down €4,930 (-78.3%), from €6,299 to €1,368
- Depreciation -€491
down €491 (-6.7%), from €7,354 to €6,862
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 | €132,973 | €145,410 | +€12,437 | +9.4% |
| Formation expenses | 20 | €1,842 | €1,107 | -€735 | -39.9% |
| Fixed assets | 21/28 | €37,717 | €47,270 | +€9,553 | +25.3% |
| Tangible fixed assets | 22/27 | €37,717 | €47,270 | +€9,553 | +25.3% |
| Plant, machinery and equipment | 23 | €35,370 | €43,392 | +€8,022 | +22.7% |
| Furniture and vehicles | 24 | €2,347 | €3,878 | +€1,531 | +65.2% |
| Current assets | 29/58 | €93,414 | €97,033 | +€3,619 | +3.9% |
| Amounts receivable within one year | 40/41 | €70,054 | €78,457 | +€8,403 | +12.0% |
| Trade receivables | 40 | €67,077 | €78,457 | +€11,380 | +17.0% |
| Other amounts receivable | 41 | €2,977 | - | -€2,977 | |
| Cash at bank and in hand | 54/58 | €23,361 | €18,474 | -€4,886 | -20.9% |
| Deferred charges and accrued income | 490/1 | - | €102 | +€102 | |
| Total equity and liabilities | 10/49 | €132,973 | €145,410 | +€12,437 | +9.4% |
| Equity | 10/15 | €60,740 | €74,793 | +€14,053 | +23.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,426 | €44,564 | +€15,138 | +51.4% |
| Investment grants | 15 | €10,854 | €9,769 | -€1,085 | -10.0% |
| Provisions and deferred taxes | 16 | €5,346 | €4,811 | -€535 | -10.0% |
| Deferred taxes | 168 | €5,346 | €4,811 | -€535 | -10.0% |
| Amounts payable | 17/49 | €66,887 | €65,806 | -€1,081 | -1.6% |
| Amounts payable within one year | 42/48 | €66,887 | €65,806 | -€1,081 | -1.6% |
| Trade debts | 44 | €62,680 | €50,568 | -€12,112 | -19.3% |
| Suppliers | 440/4 | €62,680 | €50,568 | -€12,112 | -19.3% |
| Taxes, remuneration and social security | 45 | €2,994 | €9,655 | +€6,661 | +223% |
| Taxes | 450/3 | €2,994 | €9,655 | +€6,661 | +223% |
| Other amounts payable | 47/48 | €1,213 | €5,583 | +€4,370 | +360% |
| Remuneration, social security and pensions | 62 | €222 | - | -€222 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,354 | €6,862 | -€491 | -6.7% |
| Other operating charges | 640/8 | €705 | €520 | -€186 | -26.3% |
| Gross operating margin | 9900 | €26,863 | €13,843 | -€13,021 | -48.5% |
| Operating profit (loss) | 9901 | €18,582 | €6,460 | -€12,122 | -65.2% |
| Financial income | 75/76B | €2,234 | €15,367 | +€13,133 | +588% |
| Recurring financial income | 75 | €2,234 | €15,367 | +€13,133 | +588% |
| Financial charges | 65/66B | €6,299 | €1,368 | -€4,930 | -78.3% |
| Recurring financial charges | 65 | €6,299 | €1,368 | -€4,930 | -78.3% |
| Profit (loss) for the period before taxes | 9903 | €14,517 | €20,459 | +€5,942 | +40.9% |
| Transfer from deferred taxes | 780 | €594 | €535 | -€59 | -10.0% |
| Income taxes | 67/77 | €242 | €5,855 | +€5,613 | +2,317% |
| Profit (loss) for the period | 9904 | €14,869 | €15,138 | +€269 | +1.8% |
| Profit (loss) for the period to be appropriated | 9905 | €14,869 | €15,138 | +€269 | +1.8% |
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 28 October 2026 via checked.be.