JBMF: what changed
Two fiscal 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.
JBMF
Largest movements
- Receivables within one year +€23,047
up €23,047 (+41.1%), from €56,056 to €79,104
of which Trade receivables: +€30,895
- Cash -€17,835
down €17,835 (-27.2%), from €65,557 to €47,722
mainly Receivables within one year (-€23,047) and Trade debts (-€3,868)
- Profit (loss) carried forward +€8,573
up €8,573 (+58.3%), from -€14,705 to -€6,132
- Trade debts -€3,868
down €3,868 (-3.2%), from €121,205 to €117,338
- Turnover +€49,783
up €49,783 (+21.0%), from €236,787 to €286,570
- Gross operating margin +€28,649
up €28,649, from -€27,052 to €1,597
- Purchases and services +€21,134
up €21,134 (+8.0%), from €263,840 to €284,974
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.
Cash bridge derived
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 | €122,216 | €126,925 | +€4,709 | +3.9% |
| Fixed assets | 21/28 | €603 | €100 | -€503 | -83.5% |
| Tangible fixed assets | 22/27 | €603 | €100 | -€503 | -83.5% |
| Furniture and vehicles | 24 | €603 | €100 | -€503 | -83.5% |
| Current assets | 29/58 | €121,613 | €126,825 | +€5,212 | +4.3% |
| Amounts receivable within one year | 40/41 | €56,056 | €79,104 | +€23,047 | +41.1% |
| Trade receivables | 40 | €8,234 | €39,129 | +€30,895 | +375.2% |
| Other amounts receivable | 41 | €47,822 | €39,975 | -€7,847 | -16.4% |
| Cash at bank and in hand | 54/58 | €65,557 | €47,722 | -€17,835 | -27.2% |
| Total equity and liabilities | 10/49 | €122,216 | €126,925 | +€4,709 | +3.9% |
| Equity | 10/15 | -€445 | €8,128 | +€8,573 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 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 | -€14,705 | -€6,132 | +€8,573 | +58.3% |
| Amounts payable | 17/49 | €122,661 | €118,797 | -€3,863 | -3.1% |
| Amounts payable within one year | 42/48 | €122,661 | €118,797 | -€3,863 | -3.1% |
| Trade debts | 44 | €121,205 | €117,338 | -€3,868 | -3.2% |
| Suppliers | 440/4 | €121,205 | €117,338 | -€3,868 | -3.2% |
| Taxes, remuneration and social security | 45 | €1,455 | €1,460 | +€4 | +0.3% |
| Taxes | 450/3 | €1,455 | €1,460 | +€4 | +0.3% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Turnover | 70 | €236,787 | €286,570 | +€49,783 | +21.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €263,840 | €284,974 | +€21,134 | +8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,009 | €503 | -€506 | -50.1% |
| Non-recurring operating charges | 66A | €316 | - | -€316 | |
| Gross operating margin | 9900 | -€27,052 | €1,597 | +€28,649 | |
| Operating profit (loss) | 9901 | -€28,377 | €1,093 | +€29,470 | |
| Financial income | 75/76B | €6,902 | €7,869 | +€967 | +14.0% |
| Recurring financial income | 75 | €6,902 | €7,869 | +€967 | +14.0% |
| Financial charges | 65/66B | €897 | €390 | -€508 | -56.6% |
| Recurring financial charges | 65 | €897 | €390 | -€508 | -56.6% |
| Profit (loss) for the period before taxes | 9903 | -€22,373 | €8,573 | +€30,945 | |
| Profit (loss) for the period | 9904 | -€22,373 | €8,573 | +€30,945 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,373 | €8,573 | +€30,945 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.