JM Construction: 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 Construction
Largest movements
- Receivables within one year +€262,487
up €262,487 (+5.0%), from €5.3m to €5.6m
of which Other amounts receivable: +€245,912
- Cash -€69,306
down €69,306 (-38.7%), from €179,242 to €109,936
mainly Net result for the year (-€273,494) and Receivables within one year (-€262,487)
- Other debts +€508,435
up €508,435 (+61.5%), from €826,917 to €1.3m
- Profit (loss) carried forward -€273,494
down €273,494 (-2.8%), from -€9.8m to -€10.1m
- Accrued charges and deferred income -€71,215
down €71,215 (-18.4%), from €386,215 to €315,000
- Financial charges -€1.9m
down €1.9m (-96.4%), from €1.9m to €69,448
of which Non-recurring financial charges: -€1.9m
- Gross operating margin +€282,883
up €282,883 (+43.9%), from -€643,794 to -€360,911
- Other operating charges +€39,652
up €39,652 (+3,039%), from €1,305 to €40,957
- Financial income +€29,140
up €29,140 (+17.2%), from €169,478 to €198,618
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.
Derived cash bridge
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 | €5,715,553 | €5,914,487 | +€198,935 | +3.5% |
| Fixed assets | 21/28 | €244,582 | €250,336 | +€5,753 | +2.4% |
| Tangible fixed assets | 22/27 | €363 | €867 | +€503 | +138% |
| Furniture and vehicles | 24 | €363 | €867 | +€503 | +138% |
| Financial fixed assets | 28 | €244,219 | €249,469 | +€5,250 | +2.1% |
| Current assets | 29/58 | €5,470,971 | €5,664,152 | +€193,181 | +3.5% |
| Amounts receivable within one year | 40/41 | €5,291,728 | €5,554,215 | +€262,487 | +5.0% |
| Trade receivables | 40 | €21,885 | €38,461 | +€16,575 | +75.7% |
| Other amounts receivable | 41 | €5,269,843 | €5,515,755 | +€245,912 | +4.7% |
| Cash at bank and in hand | 54/58 | €179,242 | €109,936 | -€69,306 | -38.7% |
| Total equity and liabilities | 10/49 | €5,715,553 | €5,914,487 | +€198,935 | +3.5% |
| Equity | 10/15 | €4,404,001 | €4,130,507 | -€273,494 | -6.2% |
| Contributions | 10/11 | €12,398,000 | €12,398,000 | = | 0.0% |
| Capital | 10 | €12,398,000 | €12,398,000 | = | 0.0% |
| Issued capital | 100 | €12,398,000 | €12,398,000 | = | 0.0% |
| Reserves | 13 | €1,840,717 | €1,840,717 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,240,717 | €1,240,717 | = | 0.0% |
| Legal reserve | 130 | €1,239,800 | €1,239,800 | = | 0.0% |
| Reserves not available under the articles | 1311 | €917 | €917 | = | 0.0% |
| Distributable reserves | 133 | €600,000 | €600,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,834,716 | -€10,108,210 | -€273,494 | -2.8% |
| Amounts payable | 17/49 | €1,311,552 | €1,783,980 | +€472,429 | +36.0% |
| Amounts payable within one year | 42/48 | €925,337 | €1,468,980 | +€543,644 | +58.8% |
| Financial debts | 43 | - | €127 | +€127 | |
| Credit institutions | 430/8 | - | €127 | +€127 | |
| Trade debts | 44 | €98,420 | €133,502 | +€35,082 | +35.6% |
| Suppliers | 440/4 | €98,420 | €133,502 | +€35,082 | +35.6% |
| Other amounts payable | 47/48 | €826,917 | €1,335,352 | +€508,435 | +61.5% |
| Accrued charges and deferred income | 492/3 | €386,215 | €315,000 | -€71,215 | -18.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €363 | €797 | +€433 | +119% |
| Other operating charges | 640/8 | €1,305 | €40,957 | +€39,652 | +3,039% |
| Gross operating margin | 9900 | -€643,794 | -€360,911 | +€282,883 | +43.9% |
| Operating profit (loss) | 9901 | -€645,462 | -€402,664 | +€242,798 | +37.6% |
| Financial income | 75/76B | €169,478 | €198,618 | +€29,140 | +17.2% |
| Recurring financial income | 75 | €169,478 | €198,618 | +€29,140 | +17.2% |
| Financial charges | 65/66B | €1,940,449 | €69,448 | -€1.9m | -96.4% |
| Recurring financial charges | 65 | €37,485 | €69,448 | +€31,962 | +85.3% |
| Non-recurring financial charges | 66B | €1,902,964 | - | -€1.9m | |
| Profit (loss) for the period before taxes | 9903 | -€2,416,434 | -€273,494 | +€2.1m | +88.7% |
| Profit (loss) for the period | 9904 | -€2,416,434 | -€273,494 | +€2.1m | +88.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,416,434 | -€273,494 | +€2.1m | +88.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.