JM PERFORMANCE: 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 PERFORMANCE
Largest movements
- Cash +€38,126
up €38,126 (+25.3%), from €150,479 to €188,605
mainly Depreciation (+€38,531) and Tax, wage and social debts (+€18,543)
- Tangible fixed assets -€35,605
down €35,605 (-17.4%), from €204,164 to €168,559
of which Land and buildings: -€18,412
- Trade debts -€20,162
down €20,162 (-39.1%), from €51,550 to €31,388
- Tax, wage and social debts +€18,543
up €18,543 (+47.2%), from €39,281 to €57,824
of which Remuneration and social security: +€20,544
- Reserves +€15,000
up €15,000 (+11.8%), from €127,200 to €142,200
of which Distributable reserves: +€15,000
- Debts after one year -€5,801
down €5,801 (-36.2%), from €16,016 to €10,215
- Current portion of long-term debt -€4,389
down €4,389 (-43.1%), from €10,190 to €5,801
- Gross operating margin +€17,111
up €17,111 (+31.6%), from €54,120 to €71,231
- Taxes +€4,400
up €4,400 (+140.5%), from €3,131 to €7,531
- Depreciation +€2,738
up €2,738 (+7.6%), from €35,793 to €38,531
- Staff costs +€2,468
new in 2025: €2,468
- Financial charges -€1,091
down €1,091 (-36.9%), from €2,957 to €1,866
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.
Cash bridge derived
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 | €403,584 | €408,963 | +€5,379 | +1.3% |
| Fixed assets | 21/28 | €204,296 | €168,875 | -€35,421 | -17.3% |
| Tangible fixed assets | 22/27 | €204,164 | €168,559 | -€35,605 | -17.4% |
| Land and buildings | 22 | €161,419 | €143,007 | -€18,412 | -11.4% |
| Plant, machinery and equipment | 23 | €14,313 | €8,472 | -€5,841 | -40.8% |
| Furniture and vehicles | 24 | €28,432 | €17,080 | -€11,352 | -39.9% |
| Financial fixed assets | 28 | €132 | €316 | +€184 | +139.4% |
| Current assets | 29/58 | €199,288 | €240,088 | +€40,800 | +20.5% |
| Stocks and contracts in progress | 3 | €26,821 | €29,024 | +€2,203 | +8.2% |
| Stocks | 30/36 | €26,821 | €29,024 | +€2,203 | +8.2% |
| Amounts receivable within one year | 40/41 | €19,778 | €19,544 | -€234 | -1.2% |
| Trade receivables | 40 | €19,778 | €19,544 | -€234 | -1.2% |
| Cash at bank and in hand | 54/58 | €150,479 | €188,605 | +€38,126 | +25.3% |
| Deferred charges and accrued income | 490/1 | €2,210 | €2,915 | +€705 | +31.9% |
| Total equity and liabilities | 10/49 | €403,584 | €408,963 | +€5,379 | +1.3% |
| Equity | 10/15 | €194,761 | €209,717 | +€14,956 | +7.7% |
| Contributions | 10/11 | €67,000 | €67,000 | = | 0.0% |
| Reserves | 13 | €127,200 | €142,200 | +€15,000 | +11.8% |
| Non-distributable reserves | 130/1 | €6,700 | €6,700 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,700 | €6,700 | = | 0.0% |
| Distributable reserves | 133 | €120,500 | €135,500 | +€15,000 | +12.4% |
| Profit (loss) carried forward | 14 | €561 | €517 | -€44 | -7.8% |
| Amounts payable | 17/49 | €208,823 | €199,246 | -€9,577 | -4.6% |
| Amounts payable after more than one year | 17 | €16,016 | €10,215 | -€5,801 | -36.2% |
| Financial debts | 170/4 | €16,016 | €10,215 | -€5,801 | -36.2% |
| Amounts payable within one year | 42/48 | €192,519 | €189,031 | -€3,488 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €10,190 | €5,801 | -€4,389 | -43.1% |
| Trade debts | 44 | €51,550 | €31,388 | -€20,162 | -39.1% |
| Suppliers | 440/4 | €51,550 | €31,388 | -€20,162 | -39.1% |
| Taxes, remuneration and social security | 45 | €39,281 | €57,824 | +€18,543 | +47.2% |
| Taxes | 450/3 | €17,693 | €15,692 | -€2,001 | -11.3% |
| Remuneration and social security | 454/9 | €21,588 | €42,132 | +€20,544 | +95.2% |
| Other amounts payable | 47/48 | €91,498 | €94,018 | +€2,520 | +2.8% |
| Accrued charges and deferred income | 492/3 | €288 | - | -€288 | |
| Remuneration, social security and pensions | 62 | - | €2,468 | +€2,468 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,793 | €38,531 | +€2,738 | +7.6% |
| Other operating charges | 640/8 | €5,642 | €5,926 | +€284 | +5.0% |
| Gross operating margin | 9900 | €54,120 | €71,231 | +€17,111 | +31.6% |
| Operating profit (loss) | 9901 | €12,685 | €24,306 | +€11,621 | +91.6% |
| Financial income | 75/76B | €15 | €47 | +€32 | +213.3% |
| Recurring financial income | 75 | €15 | €47 | +€32 | +213.3% |
| Financial charges | 65/66B | €2,957 | €1,866 | -€1,091 | -36.9% |
| Recurring financial charges | 65 | €2,957 | €1,866 | -€1,091 | -36.9% |
| Profit (loss) for the period before taxes | 9903 | €9,743 | €22,487 | +€12,744 | +130.8% |
| Income taxes | 67/77 | €3,131 | €7,531 | +€4,400 | +140.5% |
| Profit (loss) for the period | 9904 | €6,612 | €14,956 | +€8,344 | +126.2% |
| Profit (loss) for the period to be appropriated | 9905 | €6,612 | €14,956 | +€8,344 | +126.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.