JM CONSTRUCT: 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 CONSTRUCT
Largest movements
- Tangible fixed assets +€81,394
up €81,394 (+583.1%), from €13,960 to €95,354
of which Leasing and similar rights: +€68,289
- Cash -€60,981
down €60,981 (-52.9%), from €115,224 to €54,242
mainly Investment in fixed assets (net) (-€115,470) and Receivables within one year (-€28,652)
- Receivables within one year +€28,652
up €28,652 (+76.5%), from €37,462 to €66,114
of which Trade receivables: +€21,676
- Debts after one year +€45,715
new in 2024: €45,715
- Trade debts -€24,477
down €24,477 (-67.6%), from €36,234 to €11,758
- Profit (loss) carried forward +€15,406
up €15,406 (+20.0%), from €77,092 to €92,498
- Current portion of long-term debt +€13,166
new in 2024: €13,166
- Other debts +€5,090
up €5,090 (+14.4%), from €35,341 to €40,432
- Depreciation +€14,096
up €14,096 (+70.5%), from €19,980 to €34,076
- Gross operating margin +€12,778
up €12,778 (+26.1%), from €48,883 to €61,661
- Other operating charges +€4,606
up €4,606 (+1347.2%), from €342 to €4,948
- Financial charges +€2,692
up €2,692 (+1092.2%), from €246 to €2,939
- Taxes -€1,497
down €1,497 (-24.2%), from €6,187 to €4,690
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 | €215,241 | €265,688 | +€50,447 | +23.4% |
| Fixed assets | 21/28 | €13,960 | €95,354 | +€81,394 | +583.1% |
| Tangible fixed assets | 22/27 | €13,960 | €95,354 | +€81,394 | +583.1% |
| Plant, machinery and equipment | 23 | €650 | - | -€650 | |
| Furniture and vehicles | 24 | €13,310 | €27,065 | +€13,755 | +103.3% |
| Leasing and similar rights | 25 | - | €68,289 | +€68,289 | |
| Current assets | 29/58 | €201,281 | €170,334 | -€30,947 | -15.4% |
| Stocks and contracts in progress | 3 | €47,731 | €48,801 | +€1,070 | +2.2% |
| Stocks | 30/36 | €47,731 | €48,801 | +€1,070 | +2.2% |
| Amounts receivable within one year | 40/41 | €37,462 | €66,114 | +€28,652 | +76.5% |
| Trade receivables | 40 | €24,358 | €46,034 | +€21,676 | +89.0% |
| Other amounts receivable | 41 | €13,104 | €20,080 | +€6,976 | +53.2% |
| Cash at bank and in hand | 54/58 | €115,224 | €54,242 | -€60,981 | -52.9% |
| Deferred charges and accrued income | 490/1 | €864 | €1,177 | +€312 | +36.1% |
| Total equity and liabilities | 10/49 | €215,241 | €265,688 | +€50,447 | +23.4% |
| Equity | 10/15 | €129,092 | €144,498 | +€15,406 | +11.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | €20,000 | = | 0.0% |
| Issued capital | 100 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €32,000 | €32,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Legal reserve | 130 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €77,092 | €92,498 | +€15,406 | +20.0% |
| Amounts payable | 17/49 | €86,149 | €121,190 | +€35,041 | +40.7% |
| Amounts payable after more than one year | 17 | - | €45,715 | +€45,715 | |
| Financial debts | 170/4 | - | €45,715 | +€45,715 | |
| Amounts payable within one year | 42/48 | €86,149 | €75,474 | -€10,674 | -12.4% |
| Current portion of amounts payable after more than one year | 42 | - | €13,166 | +€13,166 | |
| Trade debts | 44 | €36,234 | €11,758 | -€24,477 | -67.6% |
| Suppliers | 440/4 | €36,234 | €11,758 | -€24,477 | -67.6% |
| Taxes, remuneration and social security | 45 | €14,573 | €10,120 | -€4,454 | -30.6% |
| Taxes | 450/3 | €12,765 | €4,712 | -€8,053 | -63.1% |
| Remuneration and social security | 454/9 | €1,808 | €5,408 | +€3,599 | +199.0% |
| Other amounts payable | 47/48 | €35,341 | €40,432 | +€5,090 | +14.4% |
| Non-recurring operating income | 76A | - | €1,500 | +€1,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,980 | €34,076 | +€14,096 | +70.5% |
| Other operating charges | 640/8 | €342 | €4,948 | +€4,606 | +1347.2% |
| Gross operating margin | 9900 | €48,883 | €61,661 | +€12,778 | +26.1% |
| Operating profit (loss) | 9901 | €28,561 | €22,638 | -€5,924 | -20.7% |
| Financial income | 75/76B | €300 | €397 | +€97 | +32.4% |
| Recurring financial income | 75 | €300 | €397 | +€97 | +32.4% |
| Financial charges | 65/66B | €246 | €2,939 | +€2,692 | +1092.2% |
| Recurring financial charges | 65 | €246 | €2,939 | +€2,692 | +1092.2% |
| Profit (loss) for the period before taxes | 9903 | €28,615 | €20,096 | -€8,518 | -29.8% |
| Income taxes | 67/77 | €6,187 | €4,690 | -€1,497 | -24.2% |
| Profit (loss) for the period | 9904 | €22,428 | €15,406 | -€7,022 | -31.3% |
| Profit (loss) for the period to be appropriated | 9905 | €22,428 | €15,406 | -€7,022 | -31.3% |
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 29 September 2026 via checked.be.