JM & Co: what changed
Two fiscal 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 & Co
Largest movements
- Tangible fixed assets +€166,200
up €166,200 (+2795.7%), from €5,945 to €172,145
of which Land and buildings: +€167,464
- Cash -€22,896
down €22,896 (-9.8%), from €232,874 to €209,978
mainly Investment in fixed assets (net) (-€173,740) and Contributions, distributions and other (-€75,000)
- Receivables within one year +€4,994
up €4,994 (+6.8%), from €73,490 to €78,484
of which Other amounts receivable: +€28,443
- Debts after one year +€106,140
new in 2024: €106,140
- Other debts +€55,970
up €55,970 (+294.1%), from €19,030 to €75,000
- Tax, wage and social debts -€21,792
down €21,792 (-37.1%), from €58,680 to €36,888
- Profit (loss) carried forward +€20,499
up €20,499 (+10.8%), from €189,735 to €210,234
- Trade debts -€11,512
down €11,512 (-72.5%), from €15,883 to €4,371
- Other operating charges +€26,521
up €26,521 (+4012.7%), from €661 to €27,181
- Taxes -€14,266
down €14,266 (-32.1%), from €44,381 to €30,115
- Gross operating margin -€6,784
down €6,784 (-4.0%), from €169,750 to €162,966
- Financial charges +€4,305
up €4,305 (+1253.4%), from €343 to €4,648
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €318,714 | €472,644 | +€153,930 | +48.3% |
| Fixed assets | 21/28 | €11,885 | €181,889 | +€170,004 | +1430.4% |
| Tangible fixed assets | 22/27 | €5,945 | €172,145 | +€166,200 | +2795.7% |
| Land and buildings | 22 | - | €167,464 | +€167,464 | |
| Furniture and vehicles | 24 | €5,945 | €4,681 | -€1,264 | -21.3% |
| Financial fixed assets | 28 | €5,940 | €9,744 | +€3,804 | +64.0% |
| Current assets | 29/58 | €306,829 | €290,755 | -€16,073 | -5.2% |
| Amounts receivable within one year | 40/41 | €73,490 | €78,484 | +€4,994 | +6.8% |
| Trade receivables | 40 | €61,840 | €38,391 | -€23,449 | -37.9% |
| Other amounts receivable | 41 | €11,650 | €40,093 | +€28,443 | +244.2% |
| Cash at bank and in hand | 54/58 | €232,874 | €209,978 | -€22,896 | -9.8% |
| Deferred charges and accrued income | 490/1 | €465 | €2,293 | +€1,828 | +393.0% |
| Total equity and liabilities | 10/49 | €318,714 | €472,644 | +€153,930 | +48.3% |
| Equity | 10/15 | €224,735 | €245,234 | +€20,499 | +9.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €30,000 | €30,000 | = | 0.0% |
| Distributable reserves | 133 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €189,735 | €210,234 | +€20,499 | +10.8% |
| Amounts payable | 17/49 | €93,978 | €227,410 | +€133,431 | +142.0% |
| Amounts payable after more than one year | 17 | - | €106,140 | +€106,140 | |
| Financial debts | 170/4 | - | €106,140 | +€106,140 | |
| Amounts payable within one year | 42/48 | €93,594 | €121,269 | +€27,676 | +29.6% |
| Current portion of amounts payable after more than one year | 42 | - | €5,010 | +€5,010 | |
| Trade debts | 44 | €15,883 | €4,371 | -€11,512 | -72.5% |
| Suppliers | 440/4 | €15,883 | €4,371 | -€11,512 | -72.5% |
| Taxes, remuneration and social security | 45 | €58,680 | €36,888 | -€21,792 | -37.1% |
| Taxes | 450/3 | €58,680 | €36,888 | -€21,792 | -37.1% |
| Other amounts payable | 47/48 | €19,030 | €75,000 | +€55,970 | +294.1% |
| Accrued charges and deferred income | 492/3 | €384 | - | -€384 | |
| Non-recurring operating income | 76A | €1,613 | €12 | -€1,601 | -99.2% |
| Remuneration, social security and pensions | 62 | €3,526 | €3,533 | +€7 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,692 | €3,736 | +€1,044 | +38.8% |
| Other operating charges | 640/8 | €661 | €27,181 | +€26,521 | +4012.7% |
| Non-recurring operating charges | 66A | -€0 | - | +€0 | |
| Gross operating margin | 9900 | €169,750 | €162,966 | -€6,784 | -4.0% |
| Operating profit (loss) | 9901 | €162,872 | €128,516 | -€34,356 | -21.1% |
| Financial income | 75/76B | €644 | €1,746 | +€1,102 | +171.2% |
| Recurring financial income | 75 | €644 | €1,746 | +€1,102 | +171.2% |
| Financial charges | 65/66B | €343 | €4,648 | +€4,305 | +1253.4% |
| Recurring financial charges | 65 | €343 | €4,648 | +€4,305 | +1253.4% |
| Profit (loss) for the period before taxes | 9903 | €163,172 | €125,614 | -€37,558 | -23.0% |
| Income taxes | 67/77 | €44,381 | €30,115 | -€14,266 | -32.1% |
| Profit (loss) for the period | 9904 | €118,791 | €95,499 | -€23,292 | -19.6% |
| Profit (loss) for the period to be appropriated | 9905 | €118,791 | €95,499 | -€23,292 | -19.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.