JCMA: 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.
JCMA
Largest movements
- Cash +€42,931
up €42,931 (+168%), from €25,558 to €68,489
mainly Net result for the year (+€36,156) and Depreciation (+€14,111)
- Tangible fixed assets -€13,533
down €13,533 (-39.1%), from €34,580 to €21,047
of which Furniture and vehicles: -€11,674
- Receivables within one year +€2,287
up €2,287 (+16.4%), from €13,915 to €16,202
- Deferred charges and accrued income -€2,001
down €2,001 (-61.7%), from €3,244 to €1,243
- Reserves +€36,156
up €36,156 (+102%), from €35,343 to €71,499
- Debts after one year -€9,561
down €9,561 (-37.5%), from €25,492 to €15,931
- Tax, wage and social debts +€2,615
up €2,615 (+44.4%), from €5,885 to €8,500
- Gross operating margin +€17,534
up €17,534 (+35.5%), from €49,399 to €66,933
- Taxes +€4,916
up €4,916 (+49.6%), from €9,907 to €14,823
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 | €86,297 | €115,797 | +€29,500 | +34.2% |
| Fixed assets | 21/28 | €34,580 | €21,047 | -€13,533 | -39.1% |
| Tangible fixed assets | 22/27 | €34,580 | €21,047 | -€13,533 | -39.1% |
| Plant, machinery and equipment | 23 | €3,434 | €1,575 | -€1,859 | -54.1% |
| Furniture and vehicles | 24 | €31,146 | €19,472 | -€11,674 | -37.5% |
| Current assets | 29/58 | €51,717 | €94,750 | +€43,033 | +83.2% |
| Amounts receivable within one year | 40/41 | €13,915 | €16,202 | +€2,287 | +16.4% |
| Trade receivables | 40 | €13,915 | €16,202 | +€2,287 | +16.4% |
| Current investments | 50/53 | €9,000 | €8,816 | -€184 | -2.0% |
| Cash at bank and in hand | 54/58 | €25,558 | €68,489 | +€42,931 | +168% |
| Deferred charges and accrued income | 490/1 | €3,244 | €1,243 | -€2,001 | -61.7% |
| Total equity and liabilities | 10/49 | €86,297 | €115,797 | +€29,500 | +34.2% |
| Equity | 10/15 | €42,343 | €78,499 | +€36,156 | +85.4% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €35,343 | €71,499 | +€36,156 | +102% |
| Distributable reserves | 133 | €35,343 | €71,499 | +€36,156 | +102% |
| Amounts payable | 17/49 | €43,954 | €37,298 | -€6,656 | -15.1% |
| Amounts payable after more than one year | 17 | €25,492 | €15,931 | -€9,561 | -37.5% |
| Financial debts | 170/4 | €25,492 | €15,931 | -€9,561 | -37.5% |
| Amounts payable within one year | 42/48 | €18,462 | €21,367 | +€2,905 | +15.7% |
| Current portion of amounts payable after more than one year | 42 | €9,192 | €9,562 | +€370 | +4.0% |
| Trade debts | 44 | €399 | €287 | -€112 | -28.1% |
| Suppliers | 440/4 | €399 | €287 | -€112 | -28.1% |
| Taxes, remuneration and social security | 45 | €5,885 | €8,500 | +€2,615 | +44.4% |
| Taxes | 450/3 | €5,885 | €8,500 | +€2,615 | +44.4% |
| Other amounts payable | 47/48 | €2,986 | €3,018 | +€32 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,345 | €14,111 | -€234 | -1.6% |
| Other operating charges | 640/8 | €150 | €400 | +€250 | +167% |
| Gross operating margin | 9900 | €49,399 | €66,933 | +€17,534 | +35.5% |
| Operating profit (loss) | 9901 | €34,904 | €52,422 | +€17,518 | +50.2% |
| Financial charges | 65/66B | €1,692 | €1,443 | -€249 | -14.7% |
| Recurring financial charges | 65 | €1,692 | €1,443 | -€249 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | €33,212 | €50,979 | +€17,767 | +53.5% |
| Income taxes | 67/77 | €9,907 | €14,823 | +€4,916 | +49.6% |
| Profit (loss) for the period | 9904 | €23,305 | €36,156 | +€12,851 | +55.1% |
| Profit (loss) for the period to be appropriated | 9905 | €23,305 | €36,156 | +€12,851 | +55.1% |
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 20 October 2026 via checked.be.