JCMA: 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.
JCMA
Largest movements
- Receivables within one year +€15,016
up €15,016 (+145.2%), from €10,344 to €25,361
of which Trade receivables: +€15,101
- Tangible fixed assets -€10,462
down €10,462 (-29.8%), from €35,085 to €24,623
- Cash +€2,144
up €2,144 (+5.4%), from €39,421 to €41,565
mainly Depreciation (+€10,462) and Net result for the year (+€8,200)
- Reserves +€7,000
up €7,000 (+31.8%), from €22,000 to €29,000
- Other debts -€5,398
down €5,398 (-10.4%), from €51,835 to €46,437
- Tax, wage and social debts +€2,943
up €2,943 (+38.9%), from €7,562 to €10,505
- Profit (loss) carried forward +€1,200
up €1,200, from -€939 to €261
- Gross operating margin +€11,940
up €11,940 (+114.2%), from €10,457 to €22,397
- Taxes +€2,451
up €2,451 (+544.9%), from €450 to €2,901
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 | €84,851 | €91,550 | +€6,699 | +7.9% |
| Fixed assets | 21/28 | €35,085 | €24,623 | -€10,462 | -29.8% |
| Tangible fixed assets | 22/27 | €35,085 | €24,623 | -€10,462 | -29.8% |
| Furniture and vehicles | 24 | €35,085 | €24,623 | -€10,462 | -29.8% |
| Current assets | 29/58 | €49,766 | €66,926 | +€17,161 | +34.5% |
| Amounts receivable within one year | 40/41 | €10,344 | €25,361 | +€15,016 | +145.2% |
| Trade receivables | 40 | €10,260 | €25,361 | +€15,101 | +147.2% |
| Other amounts receivable | 41 | €84 | - | -€84 | |
| Cash at bank and in hand | 54/58 | €39,421 | €41,565 | +€2,144 | +5.4% |
| Total equity and liabilities | 10/49 | €84,851 | €91,550 | +€6,699 | +7.9% |
| Equity | 10/15 | €24,061 | €32,261 | +€8,200 | +34.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €22,000 | €29,000 | +€7,000 | +31.8% |
| Distributable reserves | 133 | €22,000 | €29,000 | +€7,000 | +31.8% |
| Profit (loss) carried forward | 14 | -€939 | €261 | +€1,200 | |
| Amounts payable | 17/49 | €60,790 | €59,289 | -€1,501 | -2.5% |
| Amounts payable within one year | 42/48 | €60,790 | €59,049 | -€1,741 | -2.9% |
| Trade debts | 44 | €1,393 | €2,107 | +€714 | +51.2% |
| Suppliers | 440/4 | €1,393 | €2,107 | +€714 | +51.2% |
| Taxes, remuneration and social security | 45 | €7,562 | €10,505 | +€2,943 | +38.9% |
| Taxes | 450/3 | €7,562 | €10,505 | +€2,943 | +38.9% |
| Other amounts payable | 47/48 | €51,835 | €46,437 | -€5,398 | -10.4% |
| Accrued charges and deferred income | 492/3 | - | €240 | +€240 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,462 | €10,462 | = | 0.0% |
| Other operating charges | 640/8 | €673 | €695 | +€22 | +3.3% |
| Gross operating margin | 9900 | €10,457 | €22,397 | +€11,940 | +114.2% |
| Operating profit (loss) | 9901 | -€678 | €11,240 | +€11,918 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €140 | €140 | = | 0.0% |
| Recurring financial charges | 65 | €140 | €140 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€818 | €11,101 | +€11,918 | |
| Income taxes | 67/77 | €450 | €2,901 | +€2,451 | +544.9% |
| Profit (loss) for the period | 9904 | -€1,267 | €8,200 | +€9,467 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,267 | €8,200 | +€9,467 |
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 1 October 2026 via checked.be.