JCM Analytics: 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.
JCM Analytics
Largest movements
- Cash +€98,050
up €98,050 (+4922.8%), from €1,992 to €100,041
mainly Net result for the year (+€96,506) and Tax, wage and social debts (+€27,546)
- Current investments +€14,022
up €14,022 (+1402.2%), from €1,000 to €15,022
- Tangible fixed assets -€13,431
down €13,431 (-14.1%), from €95,276 to €81,846
of which Furniture and vehicles: -€10,121
- Reserves +€96,506
up €96,506 (+729.0%), from €13,239 to €109,744
- Tax, wage and social debts +€27,546
up €27,546 (+935.8%), from €2,943 to €30,489
- Debts after one year -€15,403
down €15,403 (-31.4%), from €49,100 to €33,698
- Other debts -€8,990
down €8,990 (-28.7%), from €31,292 to €22,302
- Gross operating margin +€124,574
up €124,574 (+529.0%), from €23,549 to €148,123
- Taxes +€24,602
up €24,602 (+835.8%), from €2,943 to €27,546
- Depreciation +€15,365
up €15,365 (+249.4%), from €6,161 to €21,526
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 | €117,871 | €216,636 | +€98,765 | +83.8% |
| Fixed assets | 21/28 | €95,276 | €81,846 | -€13,431 | -14.1% |
| Tangible fixed assets | 22/27 | €95,276 | €81,846 | -€13,431 | -14.1% |
| Plant, machinery and equipment | 23 | €15,171 | €13,121 | -€2,050 | -13.5% |
| Furniture and vehicles | 24 | €67,824 | €57,704 | -€10,121 | -14.9% |
| Other tangible fixed assets | 26 | €12,280 | €11,021 | -€1,259 | -10.3% |
| Current assets | 29/58 | €22,595 | €134,790 | +€112,196 | +496.6% |
| Amounts receivable within one year | 40/41 | €19,603 | €19,727 | +€124 | +0.6% |
| Trade receivables | 40 | €19,088 | €19,727 | +€638 | +3.3% |
| Other amounts receivable | 41 | €515 | - | -€515 | |
| Current investments | 50/53 | €1,000 | €15,022 | +€14,022 | +1402.2% |
| Cash at bank and in hand | 54/58 | €1,992 | €100,041 | +€98,050 | +4922.8% |
| Total equity and liabilities | 10/49 | €117,871 | €216,636 | +€98,765 | +83.8% |
| Equity | 10/15 | €18,239 | €114,744 | +€96,506 | +529.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €13,239 | €109,744 | +€96,506 | +729.0% |
| Distributable reserves | 133 | €13,239 | €109,744 | +€96,506 | +729.0% |
| Amounts payable | 17/49 | €99,632 | €101,892 | +€2,259 | +2.3% |
| Amounts payable after more than one year | 17 | €49,100 | €33,698 | -€15,403 | -31.4% |
| Financial debts | 170/4 | €49,100 | €33,698 | -€15,403 | -31.4% |
| Amounts payable within one year | 42/48 | €50,532 | €68,194 | +€17,662 | +35.0% |
| Current portion of amounts payable after more than one year | 42 | €16,297 | €15,403 | -€895 | -5.5% |
| Trade debts | 44 | - | €1 | +€1 | |
| Suppliers | 440/4 | - | €1 | +€1 | |
| Taxes, remuneration and social security | 45 | €2,943 | €30,489 | +€27,546 | +935.8% |
| Taxes | 450/3 | €2,943 | €30,489 | +€27,546 | +935.8% |
| Other amounts payable | 47/48 | €31,292 | €22,302 | -€8,990 | -28.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,161 | €21,526 | +€15,365 | +249.4% |
| Other operating charges | 640/8 | €597 | €661 | +€64 | +10.8% |
| Gross operating margin | 9900 | €23,549 | €148,123 | +€124,574 | +529.0% |
| Operating profit (loss) | 9901 | €16,791 | €125,935 | +€109,144 | +650.0% |
| Financial income | 75/76B | - | €22 | +€22 | |
| Recurring financial income | 75 | - | €22 | +€22 | |
| Financial charges | 65/66B | €609 | €1,906 | +€1,297 | +213.1% |
| Recurring financial charges | 65 | €609 | €1,906 | +€1,297 | +213.1% |
| Profit (loss) for the period before taxes | 9903 | €16,182 | €124,051 | +€107,869 | +666.6% |
| Income taxes | 67/77 | €2,943 | €27,546 | +€24,602 | +835.8% |
| Profit (loss) for the period | 9904 | €13,239 | €96,506 | +€83,267 | +629.0% |
| Profit (loss) for the period to be appropriated | 9905 | €13,239 | €96,506 | +€83,267 | +629.0% |
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 2 October 2026 via checked.be.