JJM HOLDING: 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.
JJM HOLDING
Largest movements
- Receivables within one year +€157,908
up €157,908 (+95.7%), from €165,066 to €322,974
of which Other amounts receivable: +€145,808
- Stocks and contracts -€117,640
no longer reported in 2025 (was €117,640)
- Cash +€5,777
up €5,777 (+114%), from €5,063 to €10,840
mainly Stocks and contracts (+€117,640) and Net result for the year (+€97,909)
- Reserves +€97,909
up €97,909 (+43.1%), from €227,168 to €325,078
- Tax, wage and social debts -€22,406
down €22,406 (-80.7%), from €27,761 to €5,355
of which Taxes: -€22,161
- Current portion of long-term debt -€20,450
down €20,450 (-53.2%), from €38,450 to €18,000
- Debts after one year -€18,000
down €18,000 (-11.4%), from €157,750 to €139,750
- Other debts +€16,108
up €16,108 (+25.1%), from €64,235 to €80,343
- Gross operating margin -€40,498
down €40,498 (-23.6%), from €171,380 to €130,882
- Financial charges -€9,392
down €9,392 (-81.5%), from €11,529 to €2,137
- Taxes -€9,029
down €9,029 (-24.7%), from €36,616 to €27,588
- Staff costs +€4,271
new in 2025: €4,271
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 | €527,769 | €573,814 | +€46,045 | +8.7% |
| Fixed assets | 21/28 | €240,000 | €240,000 | = | 0.0% |
| Financial fixed assets | 28 | €240,000 | €240,000 | = | 0.0% |
| Current assets | 29/58 | €287,769 | €333,814 | +€46,045 | +16.0% |
| Stocks and contracts in progress | 3 | €117,640 | - | -€117,640 | |
| Stocks | 30/36 | €117,640 | - | -€117,640 | |
| Amounts receivable within one year | 40/41 | €165,066 | €322,974 | +€157,908 | +95.7% |
| Trade receivables | 40 | €290 | €12,390 | +€12,100 | +4,177% |
| Other amounts receivable | 41 | €164,776 | €310,584 | +€145,808 | +88.5% |
| Cash at bank and in hand | 54/58 | €5,063 | €10,840 | +€5,777 | +114% |
| Total equity and liabilities | 10/49 | €527,769 | €573,814 | +€46,045 | +8.7% |
| Equity | 10/15 | €232,168 | €330,078 | +€97,909 | +42.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €227,168 | €325,078 | +€97,909 | +43.1% |
| Distributable reserves | 133 | €227,168 | €325,078 | +€97,909 | +43.1% |
| Amounts payable | 17/49 | €295,601 | €243,737 | -€51,865 | -17.5% |
| Amounts payable after more than one year | 17 | €157,750 | €139,750 | -€18,000 | -11.4% |
| Financial debts | 170/4 | €157,750 | €139,750 | -€18,000 | -11.4% |
| Amounts payable within one year | 42/48 | €130,454 | €103,987 | -€26,468 | -20.3% |
| Current portion of amounts payable after more than one year | 42 | €38,450 | €18,000 | -€20,450 | -53.2% |
| Trade debts | 44 | €8 | €289 | +€281 | +3,740% |
| Suppliers | 440/4 | €8 | €289 | +€281 | +3,740% |
| Taxes, remuneration and social security | 45 | €27,761 | €5,355 | -€22,406 | -80.7% |
| Taxes | 450/3 | €22,761 | €600 | -€22,161 | -97.4% |
| Remuneration and social security | 454/9 | €5,000 | €4,755 | -€245 | -4.9% |
| Other amounts payable | 47/48 | €64,235 | €80,343 | +€16,108 | +25.1% |
| Accrued charges and deferred income | 492/3 | €7,397 | - | -€7,397 | |
| Non-recurring operating income | 76A | - | €7,130 | +€7,130 | |
| Remuneration, social security and pensions | 62 | - | €4,271 | +€4,271 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €535 | - | -€535 | |
| Other operating charges | 640/8 | €656 | €292 | -€364 | -55.5% |
| Gross operating margin | 9900 | €171,380 | €130,882 | -€40,498 | -23.6% |
| Operating profit (loss) | 9901 | €170,190 | €126,319 | -€43,871 | -25.8% |
| Financial income | 75/76B | €220 | €1,315 | +€1,095 | +498% |
| Recurring financial income | 75 | €220 | €1,315 | +€1,095 | +498% |
| Financial charges | 65/66B | €11,529 | €2,137 | -€9,392 | -81.5% |
| Recurring financial charges | 65 | €11,529 | €2,137 | -€9,392 | -81.5% |
| Profit (loss) for the period before taxes | 9903 | €158,881 | €125,497 | -€33,383 | -21.0% |
| Income taxes | 67/77 | €36,616 | €27,588 | -€9,029 | -24.7% |
| Profit (loss) for the period | 9904 | €122,264 | €97,909 | -€24,355 | -19.9% |
| Profit (loss) for the period to be appropriated | 9905 | €122,264 | €97,909 | -€24,355 | -19.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.