JM: what changed
JM
Largest movements
- Cash +€1,634
up €1,634 (+5,725%), from €29 to €1,663
mainly Net result for the year (+€11,289) and Receivables within one year (+€749)
- Receivables within one year -€749
down €749 (-2.1%), from €35,431 to €34,683
of which Other amounts receivable: -€1,190
- Advances received -€10,265
no longer reported in 2025 (was €10,265)
- Profit (loss) carried forward +€10,217
up €10,217 (+101%), from €10,140 to €20,357
- Reserves +€1,071
up €1,071 (+149%), from €719 to €1,790
- Turnover +€6,676
up €6,676 (+17.1%), from €39,112 to €45,787
- Purchases and services +€3,363
up €3,363 (+11.4%), from €29,615 to €32,977
- Gross operating margin +€3,313
up €3,313 (+34.9%), from €9,497 to €12,810
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €35,460 | €36,346 | +€886 | +2.5% |
| Current assets | 29/58 | €35,460 | €36,346 | +€886 | +2.5% |
| Amounts receivable within one year | 40/41 | €35,431 | €34,683 | -€749 | -2.1% |
| Trade receivables | 40 | €12,357 | €12,799 | +€441 | +3.6% |
| Other amounts receivable | 41 | €23,074 | €21,884 | -€1,190 | -5.2% |
| Cash at bank and in hand | 54/58 | €29 | €1,663 | +€1,634 | +5,725% |
| Total equity and liabilities | 10/49 | €35,460 | €36,346 | +€886 | +2.5% |
| Equity | 10/15 | €11,359 | €22,647 | +€11,289 | +99.4% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €719 | €1,790 | +€1,071 | +149% |
| Non-distributable reserves | 130/1 | €719 | €1,790 | +€1,071 | +149% |
| Reserves not available under the articles | 1311 | €719 | €1,790 | +€1,071 | +149% |
| Profit (loss) carried forward | 14 | €10,140 | €20,357 | +€10,217 | +101% |
| Amounts payable | 17/49 | €24,101 | €13,698 | -€10,403 | -43.2% |
| Amounts payable within one year | 42/48 | €24,101 | €13,698 | -€10,403 | -43.2% |
| Trade debts | 44 | €2,754 | €2,435 | -€319 | -11.6% |
| Suppliers | 440/4 | €2,754 | €2,435 | -€319 | -11.6% |
| Advances received on contracts in progress | 46 | €10,265 | - | -€10,265 | |
| Taxes, remuneration and social security | 45 | €11,082 | €11,263 | +€181 | +1.6% |
| Taxes | 450/3 | €11,082 | €10,948 | -€134 | -1.2% |
| Remuneration and social security | 454/9 | - | €315 | +€315 | |
| Turnover | 70 | €39,112 | €45,787 | +€6,676 | +17.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €29,615 | €32,977 | +€3,363 | +11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €431 | - | -€431 | |
| Other operating charges | 640/8 | €1,834 | €1,440 | -€394 | -21.5% |
| Gross operating margin | 9900 | €9,497 | €12,810 | +€3,313 | +34.9% |
| Operating profit (loss) | 9901 | €7,232 | €11,370 | +€4,138 | +57.2% |
| Financial charges | 65/66B | €74 | €81 | +€8 | +10.3% |
| Recurring financial charges | 65 | €74 | €81 | +€8 | +10.3% |
| Profit (loss) for the period before taxes | 9903 | €7,159 | €11,289 | +€4,130 | +57.7% |
| Profit (loss) for the period | 9904 | €7,159 | €11,289 | +€4,130 | +57.7% |
| Profit (loss) for the period to be appropriated | 9905 | €7,159 | €11,289 | +€4,130 | +57.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.