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
- Receivables within one year -€19,382
down €19,382 (-29.0%), from €66,850 to €47,468
of which Trade receivables: -€21,785
- Tangible fixed assets -€4,754
down €4,754 (-15.8%), from €30,028 to €25,274
of which Other tangible fixed assets: -€3,692
- Deferred charges and accrued income -€1,606
down €1,606 (-22.2%), from €7,245 to €5,639
- Tax, wage and social debts -€15,452
down €15,452 (-58.9%), from €26,235 to €10,783
- Trade debts -€12,862
down €12,862 (-41.1%), from €31,284 to €18,422
- Profit (loss) carried forward +€1,400
up €1,400 (+11.5%), from €12,181 to €13,581
- Other debts +€1,203
up €1,203 (+222.8%), from €540 to €1,743
- Financial income +€778
new in 2024: €778
- Financial charges -€530
down €530 (-15.7%), from €3,380 to €2,850
- Gross operating margin -€367
down €367 (-3.5%), from €10,393 to €10,026
- Taxes +€221
up €221 (+22.6%), from €979 to €1,200
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 | €111,300 | €85,589 | -€25,711 | -23.1% |
| Fixed assets | 21/28 | €30,028 | €25,274 | -€4,754 | -15.8% |
| Tangible fixed assets | 22/27 | €30,028 | €25,274 | -€4,754 | -15.8% |
| Furniture and vehicles | 24 | €2,921 | €1,859 | -€1,062 | -36.4% |
| Other tangible fixed assets | 26 | €27,107 | €23,415 | -€3,692 | -13.6% |
| Current assets | 29/58 | €81,272 | €60,315 | -€20,957 | -25.8% |
| Amounts receivable within one year | 40/41 | €66,850 | €47,468 | -€19,382 | -29.0% |
| Trade receivables | 40 | €47,829 | €26,044 | -€21,785 | -45.5% |
| Other amounts receivable | 41 | €19,021 | €21,424 | +€2,403 | +12.6% |
| Cash at bank and in hand | 54/58 | €7,177 | €7,208 | +€31 | +0.4% |
| Deferred charges and accrued income | 490/1 | €7,245 | €5,639 | -€1,606 | -22.2% |
| Total equity and liabilities | 10/49 | €111,300 | €85,589 | -€25,711 | -23.1% |
| Equity | 10/15 | €41,241 | €42,641 | +€1,400 | +3.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €22,860 | €22,860 | = | 0.0% |
| Distributable reserves | 133 | €22,860 | €22,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,181 | €13,581 | +€1,400 | +11.5% |
| Amounts payable | 17/49 | €70,059 | €42,948 | -€27,111 | -38.7% |
| Amounts payable within one year | 42/48 | €70,059 | €42,948 | -€27,111 | -38.7% |
| Financial debts | 43 | €12,000 | €12,000 | = | 0.0% |
| Credit institutions | 430/8 | €12,000 | €12,000 | = | 0.0% |
| Trade debts | 44 | €31,284 | €18,422 | -€12,862 | -41.1% |
| Suppliers | 440/4 | €31,284 | €18,422 | -€12,862 | -41.1% |
| Taxes, remuneration and social security | 45 | €26,235 | €10,783 | -€15,452 | -58.9% |
| Taxes | 450/3 | €26,235 | €10,783 | -€15,452 | -58.9% |
| Other amounts payable | 47/48 | €540 | €1,743 | +€1,203 | +222.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,754 | €4,754 | = | 0.0% |
| Other operating charges | 640/8 | €524 | €600 | +€76 | +14.5% |
| Gross operating margin | 9900 | €10,393 | €10,026 | -€367 | -3.5% |
| Operating profit (loss) | 9901 | €5,115 | €4,672 | -€443 | -8.7% |
| Financial income | 75/76B | - | €778 | +€778 | |
| Recurring financial income | 75 | - | €778 | +€778 | |
| Financial charges | 65/66B | €3,380 | €2,850 | -€530 | -15.7% |
| Recurring financial charges | 65 | €3,380 | €2,850 | -€530 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | €1,735 | €2,600 | +€865 | +49.9% |
| Income taxes | 67/77 | €979 | €1,200 | +€221 | +22.6% |
| Profit (loss) for the period | 9904 | €756 | €1,400 | +€644 | +85.2% |
| Profit (loss) for the period to be appropriated | 9905 | €756 | €1,400 | +€644 | +85.2% |
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 7 October 2026 via checked.be.