JBMC: 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.
JBMC
Largest movements
- Tangible fixed assets -€63,394
down €63,394 (-4.1%), from €1.6m to €1.5m
of which Land and buildings: -€105,105
- Receivables within one year +€44,549
up €44,549 (+9,969%), from €447 to €44,996
of which Trade receivables: +€43,304
- Cash -€21,548
down €21,548 (-38.8%), from €55,522 to €33,974
mainly Investment in fixed assets (net) (-€54,000) and Receivables within one year (-€44,549)
- Other debts -€16,469
down €16,469 (-2.0%), from €836,318 to €819,849
- Gross operating margin +€78,953
up €78,953 (+168%), from €46,879 to €125,832
- Financial charges -€2,944
down €2,944 (-29.3%), from €10,041 to €7,096
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 | €1,634,445 | €1,582,187 | -€52,258 | -3.2% |
| Fixed assets | 21/28 | €1,565,245 | €1,501,852 | -€63,394 | -4.1% |
| Tangible fixed assets | 22/27 | €1,565,245 | €1,501,852 | -€63,394 | -4.1% |
| Land and buildings | 22 | €1,521,481 | €1,416,376 | -€105,105 | -6.9% |
| Plant, machinery and equipment | 23 | €24,339 | €22,433 | -€1,906 | -7.8% |
| Furniture and vehicles | 24 | €19,425 | €9,723 | -€9,702 | -49.9% |
| Other tangible fixed assets | 26 | - | €53,319 | +€53,319 | |
| Current assets | 29/58 | €69,199 | €80,336 | +€11,136 | +16.1% |
| Amounts receivable within one year | 40/41 | €447 | €44,996 | +€44,549 | +9,969% |
| Trade receivables | 40 | €431 | €43,735 | +€43,304 | +10,059% |
| Other amounts receivable | 41 | €16 | €1,262 | +€1,245 | +7,603% |
| Cash at bank and in hand | 54/58 | €55,522 | €33,974 | -€21,548 | -38.8% |
| Deferred charges and accrued income | 490/1 | €13,230 | €1,365 | -€11,865 | -89.7% |
| Total equity and liabilities | 10/49 | €1,634,445 | €1,582,187 | -€52,258 | -3.2% |
| Equity | 10/15 | €557,197 | €552,762 | -€4,435 | -0.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €550,997 | €546,562 | -€4,435 | -0.8% |
| Tax-exempt reserves | 132 | €265,261 | €245,445 | -€19,816 | -7.5% |
| Distributable reserves | 133 | €285,736 | €301,117 | +€15,381 | +5.4% |
| Provisions and deferred taxes | 16 | €114,707 | €104,503 | -€10,204 | -8.9% |
| Deferred taxes | 168 | €114,707 | €104,503 | -€10,204 | -8.9% |
| Amounts payable | 17/49 | €962,540 | €924,922 | -€37,618 | -3.9% |
| Amounts payable within one year | 42/48 | €955,111 | €921,580 | -€33,531 | -3.5% |
| Financial debts | 43 | €108,373 | €93,470 | -€14,903 | -13.8% |
| Credit institutions | 430/8 | €108,373 | €93,470 | -€14,903 | -13.8% |
| Trade debts | 44 | €6,996 | €7,473 | +€477 | +6.8% |
| Suppliers | 440/4 | €6,996 | €7,473 | +€477 | +6.8% |
| Taxes, remuneration and social security | 45 | €3,425 | €788 | -€2,637 | -77.0% |
| Taxes | 450/3 | €3,425 | €788 | -€2,637 | -77.0% |
| Other amounts payable | 47/48 | €836,318 | €819,849 | -€16,469 | -2.0% |
| Accrued charges and deferred income | 492/3 | €7,429 | €3,341 | -€4,087 | -55.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €116,763 | €117,394 | +€630 | +0.5% |
| Other operating charges | 640/8 | €14,920 | €15,984 | +€1,063 | +7.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €46,879 | €125,832 | +€78,953 | +168% |
| Operating profit (loss) | 9901 | -€84,805 | -€7,545 | +€77,260 | +91.1% |
| Financial income | 75/76B | €56 | €3 | -€54 | -95.4% |
| Recurring financial income | 75 | €56 | €3 | -€54 | -95.4% |
| Financial charges | 65/66B | €10,041 | €7,096 | -€2,944 | -29.3% |
| Recurring financial charges | 65 | €10,041 | €7,096 | -€2,944 | -29.3% |
| Profit (loss) for the period before taxes | 9903 | -€94,789 | -€14,639 | +€80,150 | +84.6% |
| Transfer from deferred taxes | 780 | €10,204 | €10,204 | = | 0.0% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€84,586 | -€4,435 | +€80,150 | +94.8% |
| Transfer from tax-exempt reserves | 789 | €19,816 | €19,816 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€64,769 | €15,381 | +€80,150 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.