JM LOISIRS: 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 LOISIRS
Largest movements
- Cash -€42,447
down €42,447 (-54.1%), from €78,502 to €36,056
mainly Investment in fixed assets (net) (-€61,562) and Net result for the year (-€55,544)
- Tangible fixed assets +€36,693
up €36,693 (+105%), from €34,890 to €71,582
of which Other tangible fixed assets: +€29,751
- Deferred charges and accrued income +€6,749
up €6,749 (+176%), from €3,839 to €10,589
- Receivables within one year +€1,439
new in 2025: €1,439
- Profit (loss) carried forward -€55,544
down €55,544, from €29,547 to -€25,997
- Debts after one year +€38,797
new in 2025: €38,797
- Accrued charges and deferred income +€11,615
up €11,615 (+12,452%), from €93 to €11,709
- Current portion of long-term debt +€10,357
new in 2025: €10,357
- Trade debts -€3,833
down €3,833 (-12.4%), from €30,858 to €27,024
of which Suppliers: -€3,278
- Gross operating margin -€135,221
down €135,221 (-78.1%), from €173,155 to €37,934
- Staff costs -€12,720
down €12,720 (-18.6%), from €68,442 to €55,722
- Depreciation +€2,597
up €2,597 (+11.9%), from €21,897 to €24,494
- Financial charges +€2,440
up €2,440 (+114%), from €2,149 to €4,589
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 | €117,464 | €120,273 | +€2,809 | +2.4% |
| Fixed assets | 21/28 | €35,122 | €72,190 | +€37,068 | +106% |
| Tangible fixed assets | 22/27 | €34,890 | €71,582 | +€36,693 | +105% |
| Plant, machinery and equipment | 23 | €8,914 | €5,850 | -€3,063 | -34.4% |
| Furniture and vehicles | 24 | €25,976 | €35,981 | +€10,004 | +38.5% |
| Other tangible fixed assets | 26 | - | €29,751 | +€29,751 | |
| Financial fixed assets | 28 | €232 | €607 | +€375 | +161% |
| Current assets | 29/58 | €82,342 | €48,083 | -€34,259 | -41.6% |
| Amounts receivable within one year | 40/41 | - | €1,439 | +€1,439 | |
| Other amounts receivable | 41 | - | €1,439 | +€1,439 | |
| Cash at bank and in hand | 54/58 | €78,502 | €36,056 | -€42,447 | -54.1% |
| Deferred charges and accrued income | 490/1 | €3,839 | €10,589 | +€6,749 | +176% |
| Total equity and liabilities | 10/49 | €117,464 | €120,273 | +€2,809 | +2.4% |
| Equity | 10/15 | €49,547 | -€5,997 | -€55,544 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,547 | -€25,997 | -€55,544 | |
| Amounts payable | 17/49 | €67,917 | €126,270 | +€58,353 | +85.9% |
| Amounts payable after more than one year | 17 | - | €38,797 | +€38,797 | |
| Financial debts | 170/4 | - | €38,797 | +€38,797 | |
| Amounts payable within one year | 42/48 | €67,824 | €75,765 | +€7,941 | +11.7% |
| Current portion of amounts payable after more than one year | 42 | - | €10,357 | +€10,357 | |
| Trade debts | 44 | €30,858 | €27,024 | -€3,833 | -12.4% |
| Suppliers | 440/4 | €30,303 | €27,024 | -€3,278 | -10.8% |
| Bills of exchange payable | 441 | €555 | - | -€555 | |
| Taxes, remuneration and social security | 45 | €10,867 | €11,140 | +€273 | +2.5% |
| Taxes | 450/3 | €949 | €253 | -€696 | -73.4% |
| Remuneration and social security | 454/9 | €9,918 | €10,887 | +€969 | +9.8% |
| Other amounts payable | 47/48 | €26,099 | €27,244 | +€1,145 | +4.4% |
| Accrued charges and deferred income | 492/3 | €93 | €11,709 | +€11,615 | +12,452% |
| Remuneration, social security and pensions | 62 | €68,442 | €55,722 | -€12,720 | -18.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,897 | €24,494 | +€2,597 | +11.9% |
| Other operating charges | 640/8 | €1,974 | €1,887 | -€87 | -4.4% |
| Non-recurring operating charges | 66A | - | €6,840 | +€6,840 | |
| Gross operating margin | 9900 | €173,155 | €37,934 | -€135,221 | -78.1% |
| Operating profit (loss) | 9901 | €80,842 | -€51,009 | -€131,851 | |
| Financial income | 75/76B | €622 | €407 | -€215 | -34.6% |
| Recurring financial income | 75 | €622 | €407 | -€215 | -34.6% |
| Financial charges | 65/66B | €2,149 | €4,589 | +€2,440 | +114% |
| Recurring financial charges | 65 | €2,149 | €4,589 | +€2,440 | +114% |
| Profit (loss) for the period before taxes | 9903 | €79,315 | -€55,191 | -€134,506 | |
| Income taxes | 67/77 | €373 | €353 | -€20 | -5.3% |
| Profit (loss) for the period | 9904 | €78,943 | -€55,544 | -€134,486 | |
| Profit (loss) for the period to be appropriated | 9905 | €78,943 | -€55,544 | -€134,486 |
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 25 October 2026 via checked.be.