JM.B.A.S.: 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.B.A.S.
Largest movements
- Tangible fixed assets -€2,878
down €2,878 (-26.6%), from €10,802 to €7,924
of which Furniture and vehicles: -€2,416
- Receivables within one year -€760
down €760 (-13.6%), from €5,603 to €4,843
of which Other amounts receivable: -€760
- Profit (loss) carried forward -€7,543
down €7,543 (-20.9%), from -€36,138 to -€43,681
- Other debts +€6,551
up €6,551 (+25.4%), from €25,784 to €32,335
- Trade debts -€3,175
down €3,175 (-82.8%), from €3,833 to €658
- Short-term financial debts +€529
up €529 (+5.9%), from €8,996 to €9,525
- Financial income -€7,140
no longer reported in 2025 (was €7,140)
of which Financial income: -€7,140
- Gross operating margin +€4,175
up €4,175 (+66.0%), from -€6,323 to -€2,148
- Financial charges +€671
up €671 (+43.3%), from €1,549 to €2,220
- Other operating charges -€352
down €352 (-54.2%), from €649 to €297
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €22,155 | €18,517 | -€3,638 | -16.4% |
| Fixed assets | 21/28 | €10,802 | €7,924 | -€2,878 | -26.6% |
| Tangible fixed assets | 22/27 | €10,802 | €7,924 | -€2,878 | -26.6% |
| Plant, machinery and equipment | 23 | €462 | - | -€462 | |
| Furniture and vehicles | 24 | €10,340 | €7,924 | -€2,416 | -23.4% |
| Current assets | 29/58 | €11,353 | €10,593 | -€760 | -6.7% |
| Amounts receivable within one year | 40/41 | €5,603 | €4,843 | -€760 | -13.6% |
| Trade receivables | 40 | €95 | €95 | = | 0.0% |
| Other amounts receivable | 41 | €5,508 | €4,748 | -€760 | -13.8% |
| Current investments | 50/53 | €5,750 | €5,750 | = | 0.0% |
| Total equity and liabilities | 10/49 | €22,155 | €18,517 | -€3,638 | -16.4% |
| Equity | 10/15 | -€16,458 | -€24,001 | -€7,543 | -45.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,080 | €1,080 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,080 | €1,080 | = | 0.0% |
| Other | 1319 | €1,080 | €1,080 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,138 | -€43,681 | -€7,543 | -20.9% |
| Amounts payable | 17/49 | €38,613 | €42,518 | +€3,905 | +10.1% |
| Amounts payable within one year | 42/48 | €38,613 | €42,518 | +€3,905 | +10.1% |
| Financial debts | 43 | €8,996 | €9,525 | +€529 | +5.9% |
| Credit institutions | 430/8 | €8,996 | €9,525 | +€529 | +5.9% |
| Trade debts | 44 | €3,833 | €658 | -€3,175 | -82.8% |
| Suppliers | 440/4 | €3,833 | €658 | -€3,175 | -82.8% |
| Other amounts payable | 47/48 | €25,784 | €32,335 | +€6,551 | +25.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,909 | €2,878 | -€31 | -1.1% |
| Other operating charges | 640/8 | €649 | €297 | -€352 | -54.2% |
| Gross operating margin | 9900 | -€6,323 | -€2,148 | +€4,175 | +66.0% |
| Operating profit (loss) | 9901 | -€9,881 | -€5,323 | +€4,558 | +46.1% |
| Financial income | 75/76B | €7,140 | - | -€7,140 | |
| Recurring financial income | 75 | €7,140 | - | -€7,140 | |
| Non-recurring financial income | 76B | €7,140 | - | -€7,140 | |
| Financial charges | 65/66B | €1,549 | €2,220 | +€671 | +43.3% |
| Recurring financial charges | 65 | €1,549 | €2,220 | +€671 | +43.3% |
| Profit (loss) for the period before taxes | 9903 | -€4,290 | -€7,543 | -€3,253 | -75.8% |
| Profit (loss) for the period | 9904 | -€4,290 | -€7,543 | -€3,253 | -75.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,290 | -€7,543 | -€3,253 | -75.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.