JLMD: 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.
JLMD
Largest movements
- Receivables within one year -€114,254
down €114,254 (-63.5%), from €180,066 to €65,813
- Tangible fixed assets +€103,582
up €103,582 (+253.8%), from €40,816 to €144,398
of which Plant, machinery and equipment: +€103,582
- Stocks and contracts -€32,683
down €32,683 (-44.7%), from €73,157 to €40,474
- Cash +€7,272
up €7,272 (+12.1%), from €60,002 to €67,274
mainly Receivables within one year (+€114,254) and Debts after one year (+€80,540)
- Financial fixed assets -€4,840
down €4,840 (-53.3%), from €9,075 to €4,235
- Trade debts -€99,979
down €99,979 (-57.5%), from €174,016 to €74,037
- Debts after one year +€80,540
up €80,540 (+268.0%), from €30,051 to €110,591
- Tax, wage and social debts -€45,970
down €45,970 (-94.3%), from €48,738 to €2,768
of which Taxes: -€37,180
- Current portion of long-term debt +€25,583
up €25,583 (+195.8%), from €13,064 to €38,647
- Advances received -€14,338
down €14,338 (-98.6%), from €14,545 to €207
- Gross operating margin +€122,729
up €122,729, from -€25,834 to €96,895
- Staff costs -€38,932
down €38,932 (-45.4%), from €85,705 to €46,773
- Depreciation +€16,834
up €16,834 (+139.3%), from €12,084 to €28,918
- Other operating charges +€2,795
up €2,795 (+590.6%), from €473 to €3,269
- Financial charges -€1,599
down €1,599 (-17.0%), from €9,416 to €7,817
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 | €363,238 | €322,194 | -€41,043 | -11.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €49,891 | €148,633 | +€98,742 | +197.9% |
| Tangible fixed assets | 22/27 | €40,816 | €144,398 | +€103,582 | +253.8% |
| Plant, machinery and equipment | 23 | €40,816 | €144,398 | +€103,582 | +253.8% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €9,075 | €4,235 | -€4,840 | -53.3% |
| Current assets | 29/58 | €313,346 | €173,561 | -€139,786 | -44.6% |
| Stocks and contracts in progress | 3 | €73,157 | €40,474 | -€32,683 | -44.7% |
| Stocks | 30/36 | €73,157 | €40,474 | -€32,683 | -44.7% |
| Amounts receivable within one year | 40/41 | €180,066 | €65,813 | -€114,254 | -63.5% |
| Trade receivables | 40 | €180,066 | €65,813 | -€114,254 | -63.5% |
| Cash at bank and in hand | 54/58 | €60,002 | €67,274 | +€7,272 | +12.1% |
| Deferred charges and accrued income | 490/1 | €121 | €0 | -€121 | -100.0% |
| Total equity and liabilities | 10/49 | €363,238 | €322,194 | -€41,043 | -11.3% |
| Equity | 10/15 | €64,574 | €74,697 | +€10,123 | +15.7% |
| Contributions | 10/11 | €12,600 | €12,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,974 | €62,097 | +€10,123 | +19.5% |
| Amounts payable | 17/49 | €298,663 | €247,497 | -€51,167 | -17.1% |
| Amounts payable after more than one year | 17 | €30,051 | €110,591 | +€80,540 | +268.0% |
| Financial debts | 170/4 | €30,051 | €110,591 | +€80,540 | +268.0% |
| Amounts payable within one year | 42/48 | €268,613 | €136,754 | -€131,858 | -49.1% |
| Current portion of amounts payable after more than one year | 42 | €13,064 | €38,647 | +€25,583 | +195.8% |
| Trade debts | 44 | €174,016 | €74,037 | -€99,979 | -57.5% |
| Suppliers | 440/4 | €174,016 | €74,037 | -€99,979 | -57.5% |
| Advances received on contracts in progress | 46 | €14,545 | €207 | -€14,338 | -98.6% |
| Taxes, remuneration and social security | 45 | €48,738 | €2,768 | -€45,970 | -94.3% |
| Taxes | 450/3 | €38,675 | €1,495 | -€37,180 | -96.1% |
| Remuneration and social security | 454/9 | €10,064 | €1,273 | -€8,791 | -87.3% |
| Other amounts payable | 47/48 | €18,250 | €21,095 | +€2,846 | +15.6% |
| Accrued charges and deferred income | 492/3 | - | €151 | +€151 | |
| Remuneration, social security and pensions | 62 | €85,705 | €46,773 | -€38,932 | -45.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,084 | €28,918 | +€16,834 | +139.3% |
| Other operating charges | 640/8 | €473 | €3,269 | +€2,795 | +590.6% |
| Gross operating margin | 9900 | -€25,834 | €96,895 | +€122,729 | |
| Operating profit (loss) | 9901 | -€124,097 | €17,936 | +€142,033 | |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €9,416 | €7,817 | -€1,599 | -17.0% |
| Recurring financial charges | 65 | €9,416 | €7,817 | -€1,599 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | -€133,513 | €10,123 | +€143,637 | |
| Profit (loss) for the period | 9904 | -€133,513 | €10,123 | +€143,637 | |
| Profit (loss) for the period to be appropriated | 9905 | -€133,513 | €10,123 | +€143,637 |
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 12 October 2026 via checked.be.