JM CONSULT: 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 CONSULT
Largest movements
- Cash +€68,675
up €68,675 (+56.8%), from €120,878 to €189,553
mainly Net result for the year (+€80,282) and Receivables within one year (+€6,211)
- Receivables within one year -€6,211
down €6,211 (-2.4%), from €260,388 to €254,177
of which Other amounts receivable: -€11,684
- Reserves +€65,506
up €65,506 (+19.8%), from €330,746 to €396,252
of which Distributable reserves: +€65,506
- Gross operating margin +€12,099
up €12,099 (+13.5%), from €89,578 to €101,677
- Financial income +€5,697
up €5,697 (+70.9%), from €8,041 to €13,738
- Taxes +€3,960
up €3,960 (+14.1%), from €28,143 to €32,104
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €388,238 | €450,205 | +€61,967 | +16.0% |
| Fixed assets | 21/28 | €6,613 | €6,085 | -€528 | -8.0% |
| Tangible fixed assets | 22/27 | €6,613 | €6,085 | -€528 | -8.0% |
| Furniture and vehicles | 24 | - | €971 | +€971 | |
| Other tangible fixed assets | 26 | €6,613 | €5,115 | -€1,499 | -22.7% |
| Current assets | 29/58 | €381,625 | €444,120 | +€62,495 | +16.4% |
| Amounts receivable within one year | 40/41 | €260,388 | €254,177 | -€6,211 | -2.4% |
| Trade receivables | 40 | €10,680 | €16,154 | +€5,474 | +51.3% |
| Other amounts receivable | 41 | €249,708 | €238,024 | -€11,684 | -4.7% |
| Cash at bank and in hand | 54/58 | €120,878 | €189,553 | +€68,675 | +56.8% |
| Deferred charges and accrued income | 490/1 | €359 | €389 | +€31 | +8.5% |
| Total equity and liabilities | 10/49 | €388,238 | €450,205 | +€61,967 | +16.0% |
| Equity | 10/15 | €343,146 | €408,652 | +€65,506 | +19.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €330,746 | €396,252 | +€65,506 | +19.8% |
| Tax-exempt reserves | 132 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €328,746 | €394,252 | +€65,506 | +19.9% |
| Amounts payable | 17/49 | €45,092 | €41,553 | -€3,539 | -7.8% |
| Amounts payable within one year | 42/48 | €45,092 | €41,553 | -€3,539 | -7.8% |
| Trade debts | 44 | €368 | €13 | -€355 | -96.4% |
| Suppliers | 440/4 | €368 | €13 | -€355 | -96.4% |
| Taxes, remuneration and social security | 45 | €44,724 | €41,540 | -€3,184 | -7.1% |
| Taxes | 450/3 | €44,724 | €41,540 | -€3,184 | -7.1% |
| Non-recurring operating income | 76A | €6,038 | - | -€6,038 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €880 | €1,636 | +€756 | +85.9% |
| Other operating charges | 640/8 | €1,514 | €1,409 | -€105 | -7.0% |
| Gross operating margin | 9900 | €89,578 | €101,677 | +€12,099 | +13.5% |
| Operating profit (loss) | 9901 | €87,183 | €98,632 | +€11,449 | +13.1% |
| Financial income | 75/76B | €8,041 | €13,738 | +€5,697 | +70.9% |
| Recurring financial income | 75 | €8,041 | €13,738 | +€5,697 | +70.9% |
| Financial charges | 65/66B | €73 | -€15 | -€88 | |
| Recurring financial charges | 65 | €73 | -€15 | -€88 | |
| Profit (loss) for the period before taxes | 9903 | €95,151 | €112,386 | +€17,234 | +18.1% |
| Income taxes | 67/77 | €28,143 | €32,104 | +€3,960 | +14.1% |
| Profit (loss) for the period | 9904 | €67,008 | €80,282 | +€13,274 | +19.8% |
| Profit (loss) for the period to be appropriated | 9905 | €67,008 | €80,282 | +€13,274 | +19.8% |
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 16 October 2026 via checked.be.