JM BUILDING: 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 BUILDING
Largest movements
- Tangible fixed assets -€136,050
down €136,050 (-6.1%), from €2.2m to €2.1m
of which Land and buildings: -€102,192
- Receivables within one year +€31,423
up €31,423 (+30.8%), from €102,031 to €133,455
of which Other amounts receivable: +€81,426
- Other debts +€214,983
up €214,983 (+99.3%), from €216,524 to €431,506
- Debts after one year -€187,895
down €187,895 (-27.0%), from €695,114 to €507,219
- Trade debts -€118,557
down €118,557 (-83.9%), from €141,244 to €22,687
- Current portion of long-term debt -€37,828
down €37,828 (-16.8%), from €225,723 to €187,895
- Gross operating margin -€41,269
down €41,269 (-10.0%), from €412,876 to €371,607
- Financial charges +€9,149
up €9,149 (+20.6%), from €44,397 to €53,546
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 | €2,375,476 | €2,273,488 | -€101,988 | -4.3% |
| Fixed assets | 21/28 | €2,263,145 | €2,125,251 | -€137,894 | -6.1% |
| Intangible fixed assets | 21 | €44,380 | €42,537 | -€1,844 | -4.2% |
| Tangible fixed assets | 22/27 | €2,218,764 | €2,082,714 | -€136,050 | -6.1% |
| Land and buildings | 22 | €1,904,850 | €1,802,658 | -€102,192 | -5.4% |
| Plant, machinery and equipment | 23 | €313,914 | €280,056 | -€33,858 | -10.8% |
| Current assets | 29/58 | €112,331 | €148,237 | +€35,906 | +32.0% |
| Amounts receivable within one year | 40/41 | €102,031 | €133,455 | +€31,423 | +30.8% |
| Trade receivables | 40 | €92,365 | €42,362 | -€50,002 | -54.1% |
| Other amounts receivable | 41 | €9,667 | €91,092 | +€81,426 | +842% |
| Cash at bank and in hand | 54/58 | €8,046 | €12,685 | +€4,639 | +57.7% |
| Deferred charges and accrued income | 490/1 | €2,254 | €2,098 | -€157 | -7.0% |
| Total equity and liabilities | 10/49 | €2,375,476 | €2,273,488 | -€101,988 | -4.3% |
| Equity | 10/15 | €727,836 | €741,459 | +€13,623 | +1.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €665,836 | €679,459 | +€13,623 | +2.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €659,636 | €673,259 | +€13,623 | +2.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,647,640 | €1,532,029 | -€115,611 | -7.0% |
| Amounts payable after more than one year | 17 | €695,114 | €507,219 | -€187,895 | -27.0% |
| Financial debts | 170/4 | €695,114 | €507,219 | -€187,895 | -27.0% |
| Amounts payable within one year | 42/48 | €908,491 | €985,321 | +€76,830 | +8.5% |
| Current portion of amounts payable after more than one year | 42 | €225,723 | €187,895 | -€37,828 | -16.8% |
| Financial debts | 43 | €325,000 | €325,000 | = | 0.0% |
| Credit institutions | 430/8 | €325,000 | €325,000 | = | 0.0% |
| Trade debts | 44 | €141,244 | €22,687 | -€118,557 | -83.9% |
| Suppliers | 440/4 | €141,244 | €22,687 | -€118,557 | -83.9% |
| Taxes, remuneration and social security | 45 | €0 | €18,233 | +€18,233 | |
| Taxes | 450/3 | €0 | €18,233 | +€18,233 | |
| Other amounts payable | 47/48 | €216,524 | €431,506 | +€214,983 | +99.3% |
| Accrued charges and deferred income | 492/3 | €44,034 | €39,488 | -€4,546 | -10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €190,892 | €192,851 | +€1,959 | +1.0% |
| Other operating charges | 640/8 | €43,083 | €42,679 | -€404 | -0.9% |
| Gross operating margin | 9900 | €412,876 | €371,607 | -€41,269 | -10.0% |
| Operating profit (loss) | 9901 | €178,901 | €136,077 | -€42,824 | -23.9% |
| Financial income | 75/76B | €247 | €396 | +€149 | +60.4% |
| Recurring financial income | 75 | €247 | €396 | +€149 | +60.4% |
| Financial charges | 65/66B | €44,397 | €53,546 | +€9,149 | +20.6% |
| Recurring financial charges | 65 | €44,397 | €53,546 | +€9,149 | +20.6% |
| Profit (loss) for the period before taxes | 9903 | €134,750 | €82,926 | -€51,824 | -38.5% |
| Income taxes | 67/77 | €3,803 | €4,303 | +€500 | +13.2% |
| Profit (loss) for the period | 9904 | €130,947 | €78,623 | -€52,325 | -40.0% |
| Profit (loss) for the period to be appropriated | 9905 | €130,947 | €78,623 | -€52,325 | -40.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.