JM FIT: 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 FIT
Largest movements
- Tangible fixed assets +€24,193
up €24,193 (+4.8%), from €508,077 to €532,270
of which Plant, machinery and equipment: +€35,217
- Deferred charges and accrued income -€9,637
down €9,637 (-90.2%), from €10,687 to €1,050
- Debts after one year +€21,900
up €21,900 (+5.9%), from €368,072 to €389,971
- Other debts -€15,134
down €15,134 (-55.4%), from €27,319 to €12,185
- Trade debts -€7,858
down €7,858 (-19.8%), from €39,728 to €31,870
- Current portion of long-term debt +€5,678
up €5,678 (+13.8%), from €41,095 to €46,772
- Financial income -€10,399
down €10,399 (-100.0%), from €10,400 to €1
of which Non-recurring financial income: -€10,231
- Staff costs +€8,000
up €8,000 (+18.9%), from €42,372 to €50,372
- Gross operating margin -€2,416
down €2,416 (-1.8%), from €133,520 to €131,104
- Other operating charges -€1,413
down €1,413 (-15.8%), from €8,927 to €7,514
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 | €553,478 | €562,886 | +€9,408 | +1.7% |
| Fixed assets | 21/28 | €509,977 | €534,170 | +€24,193 | +4.7% |
| Tangible fixed assets | 22/27 | €508,077 | €532,270 | +€24,193 | +4.8% |
| Land and buildings | 22 | €448,133 | €449,562 | +€1,429 | +0.3% |
| Plant, machinery and equipment | 23 | €18,652 | €53,869 | +€35,217 | +189% |
| Furniture and vehicles | 24 | €40,324 | €28,839 | -€11,486 | -28.5% |
| Other tangible fixed assets | 26 | €968 | - | -€968 | |
| Financial fixed assets | 28 | €1,900 | €1,900 | = | 0.0% |
| Current assets | 29/58 | €43,501 | €28,716 | -€14,785 | -34.0% |
| Stocks and contracts in progress | 3 | €2,745 | €3,228 | +€483 | +17.6% |
| Stocks | 30/36 | €2,745 | €3,228 | +€483 | +17.6% |
| Amounts receivable within one year | 40/41 | €25,318 | €24,333 | -€985 | -3.9% |
| Trade receivables | 40 | €24,118 | €23,133 | -€985 | -4.1% |
| Other amounts receivable | 41 | €1,200 | €1,200 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €4,751 | €105 | -€4,646 | -97.8% |
| Deferred charges and accrued income | 490/1 | €10,687 | €1,050 | -€9,637 | -90.2% |
| Total equity and liabilities | 10/49 | €553,478 | €562,886 | +€9,408 | +1.7% |
| Equity | 10/15 | €64,758 | €63,001 | -€1,757 | -2.7% |
| Contributions | 10/11 | €82,546 | €82,546 | = | 0.0% |
| Reserves | 13 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,788 | -€34,545 | -€1,757 | -5.4% |
| Amounts payable | 17/49 | €488,720 | €499,885 | +€11,165 | +2.3% |
| Amounts payable after more than one year | 17 | €368,072 | €389,971 | +€21,900 | +5.9% |
| Financial debts | 170/4 | €368,072 | €389,971 | +€21,900 | +5.9% |
| Amounts payable within one year | 42/48 | €120,648 | €109,914 | -€10,734 | -8.9% |
| Current portion of amounts payable after more than one year | 42 | €41,095 | €46,772 | +€5,678 | +13.8% |
| Financial debts | 43 | - | €3,693 | +€3,693 | |
| Credit institutions | 430/8 | - | €3,693 | +€3,693 | |
| Trade debts | 44 | €39,728 | €31,870 | -€7,858 | -19.8% |
| Suppliers | 440/4 | €39,728 | €31,870 | -€7,858 | -19.8% |
| Advances received on contracts in progress | 46 | €1,190 | - | -€1,190 | |
| Taxes, remuneration and social security | 45 | €11,317 | €15,393 | +€4,077 | +36.0% |
| Taxes | 450/3 | €3,855 | €4,859 | +€1,004 | +26.0% |
| Remuneration and social security | 454/9 | €7,462 | €10,535 | +€3,073 | +41.2% |
| Other amounts payable | 47/48 | €27,319 | €12,185 | -€15,134 | -55.4% |
| Non-recurring operating income | 76A | - | €7,423 | +€7,423 | |
| Remuneration, social security and pensions | 62 | €42,372 | €50,372 | +€8,000 | +18.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,867 | €52,802 | -€65 | -0.1% |
| Other operating charges | 640/8 | €8,927 | €7,514 | -€1,413 | -15.8% |
| Non-recurring operating charges | 66A | - | €318 | +€318 | |
| Gross operating margin | 9900 | €133,520 | €131,104 | -€2,416 | -1.8% |
| Operating profit (loss) | 9901 | €29,353 | €20,097 | -€9,256 | -31.5% |
| Financial income | 75/76B | €10,400 | €1 | -€10,399 | -100.0% |
| Recurring financial income | 75 | €169 | €1 | -€168 | -99.3% |
| Non-recurring financial income | 76B | €10,231 | - | -€10,231 | |
| Financial charges | 65/66B | €21,414 | €21,704 | +€290 | +1.4% |
| Recurring financial charges | 65 | €21,414 | €21,704 | +€290 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | €18,339 | -€1,606 | -€19,945 | |
| Income taxes | 67/77 | €122 | €151 | +€29 | +23.6% |
| Profit (loss) for the period | 9904 | €18,217 | -€1,757 | -€19,974 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,217 | -€1,757 | -€19,974 |
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.