JM ASSUR: 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.
JM ASSUR
Largest movements
- Financial fixed assets +€148,781
up €148,781 (+46.5%), from €320,000 to €468,781
- Intangible fixed assets -€23,450
down €23,450 (-47.7%), from €49,117 to €25,667
- Cash +€16,169
up €16,169 (+29.9%), from €54,072 to €70,241
mainly Other debts (+€137,785) and Net result for the year (+€54,746)
- Receivables within one year -€13,924
down €13,924 (-55.9%), from €24,924 to €11,000
of which Trade receivables: -€10,000
- Other debts +€137,785
up €137,785 (+540%), from €25,500 to €163,285
- Profit (loss) carried forward +€54,746
up €54,746 (+203%), from €26,952 to €81,698
- Debts after one year -€46,926
down €46,926 (-15.2%), from €308,728 to €261,802
- Gross operating margin +€61,384
up €61,384 (+44.6%), from €137,718 to €199,102
- Taxes +€19,744
up €19,744 (+475%), from €4,155 to €23,899
- Depreciation -€17,940
down €17,940 (-40.9%), from €43,861 to €25,921
- Financial charges +€9,155
up €9,155 (+215%), from €4,260 to €13,415
- Staff costs +€5,109
up €5,109 (+6.8%), from €75,513 to €80,622
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 | €471,242 | €604,139 | +€132,897 | +28.2% |
| Fixed assets | 21/28 | €373,901 | €501,188 | +€127,287 | +34.0% |
| Intangible fixed assets | 21 | €49,117 | €25,667 | -€23,450 | -47.7% |
| Tangible fixed assets | 22/27 | €4,785 | €6,741 | +€1,956 | +40.9% |
| Furniture and vehicles | 24 | €4,785 | €6,741 | +€1,956 | +40.9% |
| Financial fixed assets | 28 | €320,000 | €468,781 | +€148,781 | +46.5% |
| Current assets | 29/58 | €97,341 | €102,951 | +€5,610 | +5.8% |
| Amounts receivable within one year | 40/41 | €24,924 | €11,000 | -€13,924 | -55.9% |
| Trade receivables | 40 | €14,000 | €4,000 | -€10,000 | -71.4% |
| Other amounts receivable | 41 | €10,924 | €7,000 | -€3,924 | -35.9% |
| Cash at bank and in hand | 54/58 | €54,072 | €70,241 | +€16,169 | +29.9% |
| Deferred charges and accrued income | 490/1 | €18,346 | €21,710 | +€3,364 | +18.3% |
| Total equity and liabilities | 10/49 | €471,242 | €604,139 | +€132,897 | +28.2% |
| Equity | 10/15 | €45,552 | €100,298 | +€54,746 | +120% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,952 | €81,698 | +€54,746 | +203% |
| Amounts payable | 17/49 | €425,690 | €503,841 | +€78,151 | +18.4% |
| Amounts payable after more than one year | 17 | €308,728 | €261,802 | -€46,926 | -15.2% |
| Financial debts | 170/4 | €308,728 | €261,802 | -€46,926 | -15.2% |
| Amounts payable within one year | 42/48 | €112,962 | €242,039 | +€129,077 | +114% |
| Current portion of amounts payable after more than one year | 42 | €52,681 | €50,297 | -€2,385 | -4.5% |
| Trade debts | 44 | €6,442 | €2,181 | -€4,261 | -66.1% |
| Suppliers | 440/4 | €6,442 | €2,181 | -€4,261 | -66.1% |
| Taxes, remuneration and social security | 45 | €28,339 | €26,277 | -€2,063 | -7.3% |
| Taxes | 450/3 | €6,484 | €15,889 | +€9,405 | +145% |
| Remuneration and social security | 454/9 | €21,855 | €10,387 | -€11,468 | -52.5% |
| Other amounts payable | 47/48 | €25,500 | €163,285 | +€137,785 | +540% |
| Accrued charges and deferred income | 492/3 | €4,000 | - | -€4,000 | |
| Remuneration, social security and pensions | 62 | €75,513 | €80,622 | +€5,109 | +6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,861 | €25,921 | -€17,940 | -40.9% |
| Other operating charges | 640/8 | €486 | €501 | +€15 | +3.1% |
| Gross operating margin | 9900 | €137,718 | €199,102 | +€61,384 | +44.6% |
| Operating profit (loss) | 9901 | €17,858 | €92,058 | +€74,200 | +416% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €4,260 | €13,415 | +€9,155 | +215% |
| Recurring financial charges | 65 | €4,260 | €13,415 | +€9,155 | +215% |
| Profit (loss) for the period before taxes | 9903 | €13,597 | €78,645 | +€65,048 | +478% |
| Income taxes | 67/77 | €4,155 | €23,899 | +€19,744 | +475% |
| Profit (loss) for the period | 9904 | €9,442 | €54,746 | +€45,304 | +480% |
| Profit (loss) for the period to be appropriated | 9905 | €9,442 | €54,746 | +€45,304 | +480% |
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 23 October 2026 via checked.be.