JM GROUP SERVICES: 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 GROUP SERVICES
Largest movements
- Receivables within one year +€101,853
up €101,853 (+201%), from €50,760 to €152,613
of which Trade receivables: +€76,866
- Tangible fixed assets +€14,028
up €14,028 (+240%), from €5,836 to €19,864
- Cash -€12,250
down €12,250 (-40.3%), from €30,407 to €18,157
mainly Receivables within one year (-€101,853) and Investment in fixed assets (net) (-€17,600)
- Deferred charges and accrued income +€2,032
new in 2024: €2,032
- Profit (loss) carried forward +€61,600
up €61,600 (+134,351%), from €46 to €61,646
- Tax, wage and social debts +€35,079
up €35,079 (+216%), from €16,207 to €51,287
of which Taxes: +€28,528
- Trade debts +€8,983
up €8,983 (+12.7%), from €70,749 to €79,732
- Purchases and services -€246,196
no longer reported in 2024 (was €246,196)
- Gross operating margin +€171,306
up €171,306 (+482%), from €35,558 to €206,864
- Staff costs +€88,404
up €88,404 (+301%), from €29,338 to €117,743
- Taxes +€17,855
up €17,855 (+973%), from €1,835 to €19,690
- Other operating charges +€2,515
up €2,515 (+155%), from €1,626 to €4,141
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 | €87,003 | €192,665 | +€105,663 | +121% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €5,836 | €19,864 | +€14,028 | +240% |
| Tangible fixed assets | 22/27 | €5,836 | €19,864 | +€14,028 | +240% |
| Furniture and vehicles | 24 | €5,836 | €19,864 | +€14,028 | +240% |
| Current assets | 29/58 | €81,167 | €172,801 | +€91,635 | +113% |
| Amounts receivable within one year | 40/41 | €50,760 | €152,613 | +€101,853 | +201% |
| Trade receivables | 40 | €43,870 | €120,736 | +€76,866 | +175% |
| Other amounts receivable | 41 | €6,890 | €31,876 | +€24,987 | +363% |
| Cash at bank and in hand | 54/58 | €30,407 | €18,157 | -€12,250 | -40.3% |
| Deferred charges and accrued income | 490/1 | - | €2,032 | +€2,032 | |
| Total equity and liabilities | 10/49 | €87,003 | €192,665 | +€105,663 | +121% |
| Equity | 10/15 | €46 | €61,646 | +€61,600 | +134,351% |
| Profit (loss) carried forward | 14 | €46 | €61,646 | +€61,600 | +134,351% |
| Amounts payable | 17/49 | €86,957 | €131,019 | +€44,062 | +50.7% |
| Amounts payable within one year | 42/48 | €86,957 | €131,019 | +€44,062 | +50.7% |
| Trade debts | 44 | €70,749 | €79,732 | +€8,983 | +12.7% |
| Suppliers | 440/4 | €70,749 | €79,732 | +€8,983 | +12.7% |
| Taxes, remuneration and social security | 45 | €16,207 | €51,287 | +€35,079 | +216% |
| Taxes | 450/3 | €2,161 | €30,689 | +€28,528 | +1,320% |
| Remuneration and social security | 454/9 | €14,046 | €20,598 | +€6,552 | +46.6% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €246,196 | - | -€246,196 | |
| Remuneration, social security and pensions | 62 | €29,338 | €117,743 | +€88,404 | +301% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,703 | €3,572 | +€869 | +32.2% |
| Other operating charges | 640/8 | €1,626 | €4,141 | +€2,515 | +155% |
| Gross operating margin | 9900 | €35,558 | €206,864 | +€171,306 | +482% |
| Operating profit (loss) | 9901 | €1,891 | €81,408 | +€79,517 | +4,204% |
| Financial charges | 65/66B | €10 | €118 | +€108 | +1,059% |
| Recurring financial charges | 65 | €10 | €118 | +€108 | +1,059% |
| Profit (loss) for the period before taxes | 9903 | €1,881 | €81,290 | +€79,409 | +4,221% |
| Income taxes | 67/77 | €1,835 | €19,690 | +€17,855 | +973% |
| Profit (loss) for the period | 9904 | €46 | €61,600 | +€61,554 | +134,251% |
| Profit (loss) for the period to be appropriated | 9905 | €46 | €61,600 | +€61,554 | +134,251% |
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 21 October 2026 via checked.be.