JCMC: 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.
JCMC
Largest movements
- Receivables within one year +€16,276
up €16,276 (+1060.2%), from €1,535 to €17,812
of which Trade receivables: +€16,265
- Cash -€5,028
down €5,028 (-39.2%), from €12,838 to €7,810
mainly Receivables within one year (-€16,276) and Other debts (-€9,500)
- Tangible fixed assets -€1,604
down €1,604 (-42.6%), from €3,762 to €2,158
of which Other tangible fixed assets: -€1,586
- Profit (loss) carried forward +€14,598
up €14,598 (+64.3%), from -€22,708 to -€8,110
- Other debts -€9,500
down €9,500 (-27.1%), from €35,095 to €25,595
- Tax, wage and social debts +€4,526
up €4,526 (+919.3%), from €492 to €5,018
- Gross operating margin +€21,302
up €21,302, from -€3,237 to €18,065
- Depreciation -€7,040
down €7,040 (-79.6%), from €8,844 to €1,804
- Other operating charges -€1,395
down €1,395 (-53.1%), from €2,625 to €1,230
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 | €19,637 | €29,281 | +€9,645 | +49.1% |
| Fixed assets | 21/28 | €3,962 | €2,158 | -€1,804 | -45.5% |
| Intangible fixed assets | 21 | €201 | €1 | -€200 | -99.7% |
| Tangible fixed assets | 22/27 | €3,762 | €2,158 | -€1,604 | -42.6% |
| Furniture and vehicles | 24 | €18 | €0 | -€18 | -100.0% |
| Other tangible fixed assets | 26 | €3,744 | €2,158 | -€1,586 | -42.4% |
| Current assets | 29/58 | €15,674 | €27,123 | +€11,448 | +73.0% |
| Amounts receivable within one year | 40/41 | €1,535 | €17,812 | +€16,276 | +1060.2% |
| Trade receivables | 40 | €1,525 | €17,789 | +€16,265 | +1066.8% |
| Other amounts receivable | 41 | €11 | €22 | +€11 | +107.8% |
| Cash at bank and in hand | 54/58 | €12,838 | €7,810 | -€5,028 | -39.2% |
| Deferred charges and accrued income | 490/1 | €1,301 | €1,501 | +€200 | +15.4% |
| Total equity and liabilities | 10/49 | €19,637 | €29,281 | +€9,645 | +49.1% |
| Equity | 10/15 | -€17,708 | -€3,110 | +€14,598 | +82.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,708 | -€8,110 | +€14,598 | +64.3% |
| Amounts payable | 17/49 | €37,345 | €32,391 | -€4,954 | -13.3% |
| Amounts payable within one year | 42/48 | €37,345 | €32,391 | -€4,954 | -13.3% |
| Trade debts | 44 | €1,758 | €1,779 | +€21 | +1.2% |
| Suppliers | 440/4 | €1,758 | €1,779 | +€21 | +1.2% |
| Taxes, remuneration and social security | 45 | €492 | €5,018 | +€4,526 | +919.3% |
| Taxes | 450/3 | €492 | €5,018 | +€4,526 | +919.3% |
| Other amounts payable | 47/48 | €35,095 | €25,595 | -€9,500 | -27.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,844 | €1,804 | -€7,040 | -79.6% |
| Other operating charges | 640/8 | €2,625 | €1,230 | -€1,395 | -53.1% |
| Gross operating margin | 9900 | -€3,237 | €18,065 | +€21,302 | |
| Operating profit (loss) | 9901 | -€14,706 | €15,031 | +€29,737 | |
| Financial charges | 65/66B | €140 | €140 | = | 0.0% |
| Recurring financial charges | 65 | €140 | €140 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€14,846 | €14,891 | +€29,737 | |
| Income taxes | 67/77 | €309 | €293 | -€16 | -5.3% |
| Profit (loss) for the period | 9904 | -€15,155 | €14,598 | +€29,753 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,155 | €14,598 | +€29,753 |
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.