JM Concept: 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 Concept
Largest movements
- Receivables within one year +€34,019
up €34,019 (+278%), from €12,226 to €46,245
of which Trade receivables: +€36,019
- Cash +€7,016
up €7,016 (+1,548%), from €453 to €7,470
mainly Trade debts (+€30,607) and Net result for the year (+€16,740)
- Tangible fixed assets -€2,061
down €2,061 (-49.7%), from €4,149 to €2,088
of which Other tangible fixed assets: -€1,985
- Trade debts +€30,607
up €30,607 (+6,003%), from €510 to €31,117
of which Bills of exchange payable: +€21,766
- Profit (loss) carried forward +€16,740
up €16,740 (+19.7%), from -€85,036 to -€68,296
- Other debts -€12,043
down €12,043 (-12.0%), from €100,338 to €88,295
- Tax, wage and social debts +€3,670
up €3,670 (+527%), from €697 to €4,367
- Gross operating margin +€29,935
up €29,935, from -€168 to €29,767
- Taxes +€8,716
new in 2025: €8,716
- Other operating charges +€1,617
up €1,617 (+297%), from €545 to €2,162
- Staff costs -€489
no longer reported in 2025 (was €489)
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 | €17,009 | €55,983 | +€38,974 | +229% |
| Fixed assets | 21/28 | €4,329 | €2,268 | -€2,061 | -47.6% |
| Tangible fixed assets | 22/27 | €4,149 | €2,088 | -€2,061 | -49.7% |
| Furniture and vehicles | 24 | €180 | €104 | -€77 | -42.6% |
| Other tangible fixed assets | 26 | €3,969 | €1,985 | -€1,985 | -50.0% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €12,679 | €53,715 | +€41,036 | +324% |
| Amounts receivable within one year | 40/41 | €12,226 | €46,245 | +€34,019 | +278% |
| Trade receivables | 40 | €10,226 | €46,245 | +€36,019 | +352% |
| Other amounts receivable | 41 | €2,000 | - | -€2,000 | |
| Cash at bank and in hand | 54/58 | €453 | €7,470 | +€7,016 | +1,548% |
| Total equity and liabilities | 10/49 | €17,009 | €55,983 | +€38,974 | +229% |
| Equity | 10/15 | -€84,536 | -€67,796 | +€16,740 | +19.8% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€85,036 | -€68,296 | +€16,740 | +19.7% |
| Amounts payable | 17/49 | €101,545 | €123,779 | +€22,234 | +21.9% |
| Amounts payable within one year | 42/48 | €101,545 | €123,779 | +€22,234 | +21.9% |
| Trade debts | 44 | €510 | €31,117 | +€30,607 | +6,003% |
| Suppliers | 440/4 | €510 | €9,350 | +€8,840 | +1,734% |
| Bills of exchange payable | 441 | - | €21,766 | +€21,766 | |
| Taxes, remuneration and social security | 45 | €697 | €4,367 | +€3,670 | +527% |
| Taxes | 450/3 | €697 | €4,367 | +€3,670 | +527% |
| Other amounts payable | 47/48 | €100,338 | €88,295 | -€12,043 | -12.0% |
| Remuneration, social security and pensions | 62 | €489 | - | -€489 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,035 | €2,061 | +€27 | +1.3% |
| Other operating charges | 640/8 | €545 | €2,162 | +€1,617 | +297% |
| Gross operating margin | 9900 | -€168 | €29,767 | +€29,935 | |
| Operating profit (loss) | 9901 | -€3,237 | €25,544 | +€28,780 | |
| Financial income | 75/76B | - | €6 | +€6 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Financial charges | 65/66B | €30 | €95 | +€65 | +217% |
| Recurring financial charges | 65 | €30 | €95 | +€65 | +217% |
| Profit (loss) for the period before taxes | 9903 | -€3,266 | €25,456 | +€28,722 | |
| Income taxes | 67/77 | - | €8,716 | +€8,716 | |
| Profit (loss) for the period | 9904 | -€3,266 | €16,740 | +€20,006 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,266 | €16,740 | +€20,006 |
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 18 October 2026 via checked.be.