JM PROJECTS: 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 PROJECTS
Largest movements
- Stocks and contracts +€35,395
new in 2025: €35,395
of which Contracts in progress: +€26,195
- Receivables within one year -€11,693
down €11,693 (-53.0%), from €22,055 to €10,362
of which Trade receivables: -€12,462
- Cash +€3,237
up €3,237 (+71.8%), from €4,509 to €7,746
mainly Net result for the year (+€25,991) and Receivables within one year (+€11,693)
- Tangible fixed assets +€3,101
up €3,101 (+21.8%), from €14,223 to €17,324
of which Furniture and vehicles: +€3,386
- Profit (loss) carried forward +€25,991
up €25,991 (+92.4%), from -€28,138 to -€2,147
- Trade debts +€7,653
up €7,653 (+62.1%), from €12,325 to €19,977
- Tax, wage and social debts -€4,313
down €4,313 (-29.2%), from €14,758 to €10,445
of which Taxes: -€4,313
- Other debts +€848
up €848 (+2.2%), from €39,013 to €39,861
- Gross operating margin +€39,120
up €39,120, from -€5,076 to €34,044
- Financial charges +€1,513
up €1,513 (+245.8%), from €616 to €2,129
- Taxes +€1,129
up €1,129 (+290.3%), from €389 to €1,518
- Other operating charges -€676
down €676 (-50.8%), from €1,332 to €655
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 | €40,958 | €71,136 | +€30,178 | +73.7% |
| Fixed assets | 21/28 | €14,223 | €17,324 | +€3,101 | +21.8% |
| Tangible fixed assets | 22/27 | €14,223 | €17,324 | +€3,101 | +21.8% |
| Plant, machinery and equipment | 23 | €1,187 | €902 | -€285 | -24.0% |
| Furniture and vehicles | 24 | €13,035 | €16,421 | +€3,386 | +26.0% |
| Current assets | 29/58 | €26,735 | €53,813 | +€27,077 | +101.3% |
| Stocks and contracts in progress | 3 | - | €35,395 | +€35,395 | |
| Stocks | 30/36 | - | €9,200 | +€9,200 | |
| Contracts in progress | 37 | - | €26,195 | +€26,195 | |
| Amounts receivable within one year | 40/41 | €22,055 | €10,362 | -€11,693 | -53.0% |
| Trade receivables | 40 | €17,436 | €4,973 | -€12,462 | -71.5% |
| Other amounts receivable | 41 | €4,619 | €5,389 | +€770 | +16.7% |
| Cash at bank and in hand | 54/58 | €4,509 | €7,746 | +€3,237 | +71.8% |
| Deferred charges and accrued income | 490/1 | €171 | €310 | +€138 | +80.6% |
| Total equity and liabilities | 10/49 | €40,958 | €71,136 | +€30,178 | +73.7% |
| Equity | 10/15 | -€25,138 | €853 | +€25,991 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,138 | -€2,147 | +€25,991 | +92.4% |
| Amounts payable | 17/49 | €66,096 | €70,283 | +€4,187 | +6.3% |
| Amounts payable within one year | 42/48 | €66,096 | €70,283 | +€4,187 | +6.3% |
| Trade debts | 44 | €12,325 | €19,977 | +€7,653 | +62.1% |
| Suppliers | 440/4 | €12,325 | €19,977 | +€7,653 | +62.1% |
| Taxes, remuneration and social security | 45 | €14,758 | €10,445 | -€4,313 | -29.2% |
| Taxes | 450/3 | €13,658 | €9,345 | -€4,313 | -31.6% |
| Remuneration and social security | 454/9 | €1,100 | €1,100 | = | 0.0% |
| Other amounts payable | 47/48 | €39,013 | €39,861 | +€848 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,691 | €4,419 | -€273 | -5.8% |
| Other operating charges | 640/8 | €1,332 | €655 | -€676 | -50.8% |
| Gross operating margin | 9900 | -€5,076 | €34,044 | +€39,120 | |
| Operating profit (loss) | 9901 | -€11,099 | €28,970 | +€40,069 | |
| Financial income | 75/76B | €641 | €668 | +€27 | +4.2% |
| Recurring financial income | 75 | €641 | €668 | +€27 | +4.2% |
| Financial charges | 65/66B | €616 | €2,129 | +€1,513 | +245.8% |
| Recurring financial charges | 65 | €616 | €2,129 | +€1,513 | +245.8% |
| Profit (loss) for the period before taxes | 9903 | -€11,074 | €27,508 | +€38,582 | |
| Income taxes | 67/77 | €389 | €1,518 | +€1,129 | +290.3% |
| Profit (loss) for the period | 9904 | -€11,463 | €25,991 | +€37,454 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,463 | €25,991 | +€37,454 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.