JM Project & Advice: 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 Project & Advice
Largest movements
- Tangible fixed assets -€30,078
down €30,078 (-25.2%), from €119,479 to €89,401
of which Furniture and vehicles: -€29,285
- Receivables after one year +€13,000
up €13,000 (+162.5%), from €8,000 to €21,000
- Cash -€4,387
down €4,387 (-55.5%), from €7,908 to €3,521
mainly Debts after one year (-€24,206) and Receivables after one year (-€13,000)
- Receivables within one year +€3,921
up €3,921 (+51.7%), from €7,585 to €11,505
of which Trade receivables: +€4,157
- Debts after one year -€24,206
down €24,206 (-26.0%), from €92,987 to €68,780
- Profit (loss) carried forward +€6,100
up €6,100, from -€383 to €5,717
- Trade debts -€1,554
down €1,554 (-31.8%), from €4,883 to €3,329
- Tax, wage and social debts +€1,547
up €1,547 (+109.1%), from €1,417 to €2,964
- Gross operating margin +€17,743
up €17,743 (+57.3%), from €30,973 to €48,716
- Depreciation +€14,039
up €14,039 (+70.6%), from €19,882 to €33,920
- Other operating charges -€3,208
down €3,208 (-92.0%), from €3,486 to €278
- Taxes +€1,897
up €1,897 (+71.1%), from €2,667 to €4,564
- Financial charges +€538
up €538 (+14.2%), from €3,783 to €4,321
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 | €142,972 | €125,427 | -€17,545 | -12.3% |
| Fixed assets | 21/28 | €119,479 | €89,401 | -€30,078 | -25.2% |
| Tangible fixed assets | 22/27 | €119,479 | €89,401 | -€30,078 | -25.2% |
| Plant, machinery and equipment | 23 | €4,281 | €3,487 | -€793 | -18.5% |
| Furniture and vehicles | 24 | €115,199 | €85,914 | -€29,285 | -25.4% |
| Current assets | 29/58 | €23,493 | €36,026 | +€12,533 | +53.4% |
| Amounts receivable after more than one year | 29 | €8,000 | €21,000 | +€13,000 | +162.5% |
| Other amounts receivable | 291 | €8,000 | €21,000 | +€13,000 | +162.5% |
| Amounts receivable within one year | 40/41 | €7,585 | €11,505 | +€3,921 | +51.7% |
| Trade receivables | 40 | €7,348 | €11,505 | +€4,157 | +56.6% |
| Other amounts receivable | 41 | €237 | - | -€237 | |
| Cash at bank and in hand | 54/58 | €7,908 | €3,521 | -€4,387 | -55.5% |
| Total equity and liabilities | 10/49 | €142,972 | €125,427 | -€17,545 | -12.3% |
| Equity | 10/15 | €13,528 | €19,628 | +€6,100 | +45.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €3,911 | €3,911 | = | 0.0% |
| Distributable reserves | 133 | €3,911 | €3,911 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€383 | €5,717 | +€6,100 | |
| Amounts payable | 17/49 | €129,444 | €105,799 | -€23,644 | -18.3% |
| Amounts payable after more than one year | 17 | €92,987 | €68,780 | -€24,206 | -26.0% |
| Financial debts | 170/4 | €92,987 | €68,780 | -€24,206 | -26.0% |
| Amounts payable within one year | 42/48 | €36,457 | €37,019 | +€562 | +1.5% |
| Current portion of amounts payable after more than one year | 42 | €24,299 | €25,267 | +€969 | +4.0% |
| Trade debts | 44 | €4,883 | €3,329 | -€1,554 | -31.8% |
| Suppliers | 440/4 | €4,883 | €3,329 | -€1,554 | -31.8% |
| Taxes, remuneration and social security | 45 | €1,417 | €2,964 | +€1,547 | +109.1% |
| Taxes | 450/3 | €1,417 | €2,964 | +€1,547 | +109.1% |
| Other amounts payable | 47/48 | €5,858 | €5,459 | -€399 | -6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,882 | €33,920 | +€14,039 | +70.6% |
| Other operating charges | 640/8 | €3,486 | €278 | -€3,208 | -92.0% |
| Gross operating margin | 9900 | €30,973 | €48,716 | +€17,743 | +57.3% |
| Operating profit (loss) | 9901 | €7,605 | €14,518 | +€6,913 | +90.9% |
| Financial income | 75/76B | €206 | €468 | +€261 | +126.7% |
| Recurring financial income | 75 | €206 | €468 | +€261 | +126.7% |
| Financial charges | 65/66B | €3,783 | €4,321 | +€538 | +14.2% |
| Recurring financial charges | 65 | €3,783 | €4,321 | +€538 | +14.2% |
| Profit (loss) for the period before taxes | 9903 | €4,028 | €10,664 | +€6,636 | +164.7% |
| Income taxes | 67/77 | €2,667 | €4,564 | +€1,897 | +71.1% |
| Profit (loss) for the period | 9904 | €1,361 | €6,100 | +€4,739 | +348.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,361 | €6,100 | +€4,739 | +348.2% |
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 10 October 2026 via checked.be.