JM-IC: 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-IC
Largest movements
- Receivables within one year +€37,193
up €37,193 (+190.6%), from €19,516 to €56,709
of which Trade receivables: +€35,001
- Tangible fixed assets +€33,648
up €33,648 (+230.7%), from €14,582 to €48,231
- Cash -€27,504
down €27,504 (-90.2%), from €30,489 to €2,986
mainly Investment in fixed assets (net) (-€47,086) and Receivables within one year (-€37,193)
- Deferred charges and accrued income +€2,763
up €2,763 (+144.3%), from €1,914 to €4,677
- Debts after one year +€25,566
new in 2024: €25,566
- Profit (loss) carried forward +€19,331
up €19,331 (+57.1%), from -€33,882 to -€14,551
- Current portion of long-term debt +€7,663
new in 2024: €7,663
- Tax, wage and social debts -€5,953
down €5,953 (-56.1%), from €10,618 to €4,665
- Gross operating margin +€69,332
up €69,332, from -€29,083 to €40,248
- Depreciation +€7,271
up €7,271 (+117.9%), from €6,167 to €13,438
- Other operating charges +€5,019
up €5,019 (+412.5%), from €1,217 to €6,236
- Financial charges +€1,549
up €1,549 (+1010.6%), from €153 to €1,703
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 | €67,002 | €113,102 | +€46,101 | +68.8% |
| Fixed assets | 21/28 | €15,082 | €48,731 | +€33,648 | +223.1% |
| Tangible fixed assets | 22/27 | €14,582 | €48,231 | +€33,648 | +230.7% |
| Furniture and vehicles | 24 | €14,582 | €48,231 | +€33,648 | +230.7% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €51,919 | €64,372 | +€12,452 | +24.0% |
| Amounts receivable within one year | 40/41 | €19,516 | €56,709 | +€37,193 | +190.6% |
| Trade receivables | 40 | €11,169 | €46,170 | +€35,001 | +313.4% |
| Other amounts receivable | 41 | €8,347 | €10,539 | +€2,192 | +26.3% |
| Cash at bank and in hand | 54/58 | €30,489 | €2,986 | -€27,504 | -90.2% |
| Deferred charges and accrued income | 490/1 | €1,914 | €4,677 | +€2,763 | +144.3% |
| Total equity and liabilities | 10/49 | €67,002 | €113,102 | +€46,101 | +68.8% |
| Equity | 10/15 | €53,678 | €73,009 | +€19,331 | +36.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €81,360 | €81,360 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €79,500 | €81,360 | +€1,860 | +2.3% |
| Profit (loss) carried forward | 14 | -€33,882 | -€14,551 | +€19,331 | +57.1% |
| Amounts payable | 17/49 | €13,324 | €40,094 | +€26,770 | +200.9% |
| Amounts payable after more than one year | 17 | - | €25,566 | +€25,566 | |
| Financial debts | 170/4 | - | €25,566 | +€25,566 | |
| Amounts payable within one year | 42/48 | €13,324 | €14,528 | +€1,204 | +9.0% |
| Current portion of amounts payable after more than one year | 42 | - | €7,663 | +€7,663 | |
| Trade debts | 44 | €2,706 | €2,200 | -€506 | -18.7% |
| Suppliers | 440/4 | €2,706 | €2,200 | -€506 | -18.7% |
| Taxes, remuneration and social security | 45 | €10,618 | €4,665 | -€5,953 | -56.1% |
| Taxes | 450/3 | €10,618 | €4,665 | -€5,953 | -56.1% |
| Non-recurring operating income | 76A | - | €5,896 | +€5,896 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,167 | €13,438 | +€7,271 | +117.9% |
| Other operating charges | 640/8 | €1,217 | €6,236 | +€5,019 | +412.5% |
| Gross operating margin | 9900 | -€29,083 | €40,248 | +€69,332 | |
| Operating profit (loss) | 9901 | -€36,467 | €20,574 | +€57,041 | |
| Financial income | 75/76B | €244 | €626 | +€382 | +156.6% |
| Recurring financial income | 75 | €244 | €626 | +€382 | +156.6% |
| Financial charges | 65/66B | €153 | €1,703 | +€1,549 | +1010.6% |
| Recurring financial charges | 65 | €153 | €1,703 | +€1,549 | +1010.6% |
| Profit (loss) for the period before taxes | 9903 | -€36,376 | €19,498 | +€55,874 | |
| Income taxes | 67/77 | €222 | €167 | -€55 | -24.7% |
| Profit (loss) for the period | 9904 | -€36,599 | €19,331 | +€55,929 | |
| Profit (loss) for the period to be appropriated | 9905 | -€36,599 | €19,331 | +€55,929 |
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 8 October 2026 via checked.be.