JM Quality: 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 Quality
Largest movements
- Cash +€16,905
up €16,905 (+52.7%), from €32,069 to €48,975
mainly Depreciation (+€21,435) and Stocks and contracts (+€12,892)
- Tangible fixed assets -€14,053
down €14,053 (-18.7%), from €75,339 to €61,287
of which Furniture and vehicles: -€11,524
- Stocks and contracts -€12,892
down €12,892 (-96.2%), from €13,407 to €515
of which Contracts in progress: -€13,000
- Debts after one year -€13,968
down €13,968 (-37.2%), from €37,535 to €23,567
- Other debts +€8,275
up €8,275 (+2,249%), from €368 to €8,642
- Reserves +€3,662
up €3,662 (+6.3%), from €57,801 to €61,462
- Current portion of long-term debt -€2,918
down €2,918 (-17.3%), from €16,886 to €13,968
- Tax, wage and social debts -€2,708
down €2,708 (-40.6%), from €6,666 to €3,958
of which Remuneration and social security: -€2,896
- Gross operating margin +€9,188
up €9,188 (+27.2%), from €33,797 to €42,985
- Depreciation +€8,619
up €8,619 (+67.3%), from €12,816 to €21,435
- Taxes +€1,698
up €1,698 (+37.2%), from €4,563 to €6,261
- Financial charges +€905
up €905 (+125%), from €726 to €1,631
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 | €143,456 | €134,723 | -€8,734 | -6.1% |
| Fixed assets | 21/28 | €75,339 | €61,287 | -€14,053 | -18.7% |
| Tangible fixed assets | 22/27 | €75,339 | €61,287 | -€14,053 | -18.7% |
| Land and buildings | 22 | €1,182 | €701 | -€481 | -40.7% |
| Plant, machinery and equipment | 23 | €1,347 | €646 | -€701 | -52.0% |
| Furniture and vehicles | 24 | €59,800 | €48,276 | -€11,524 | -19.3% |
| Other tangible fixed assets | 26 | €13,010 | €11,664 | -€1,347 | -10.3% |
| Current assets | 29/58 | €68,117 | €73,436 | +€5,319 | +7.8% |
| Stocks and contracts in progress | 3 | €13,407 | €515 | -€12,892 | -96.2% |
| Stocks | 30/36 | €407 | €515 | +€108 | +26.5% |
| Contracts in progress | 37 | €13,000 | €0 | -€13,000 | -100% |
| Amounts receivable within one year | 40/41 | €21,470 | €22,601 | +€1,131 | +5.3% |
| Trade receivables | 40 | €15,954 | €15,430 | -€524 | -3.3% |
| Other amounts receivable | 41 | €5,516 | €7,171 | +€1,655 | +30.0% |
| Cash at bank and in hand | 54/58 | €32,069 | €48,975 | +€16,905 | +52.7% |
| Deferred charges and accrued income | 490/1 | €1,171 | €1,346 | +€175 | +14.9% |
| Total equity and liabilities | 10/49 | €143,456 | €134,723 | -€8,734 | -6.1% |
| Equity | 10/15 | €64,001 | €67,662 | +€3,662 | +5.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €57,801 | €61,462 | +€3,662 | +6.3% |
| Distributable reserves | 133 | €57,801 | €61,462 | +€3,662 | +6.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €79,456 | €67,060 | -€12,395 | -15.6% |
| Amounts payable after more than one year | 17 | €37,535 | €23,567 | -€13,968 | -37.2% |
| Financial debts | 170/4 | €37,535 | €23,567 | -€13,968 | -37.2% |
| Amounts payable within one year | 42/48 | €28,988 | €30,741 | +€1,753 | +6.0% |
| Current portion of amounts payable after more than one year | 42 | €16,886 | €13,968 | -€2,918 | -17.3% |
| Trade debts | 44 | €5,068 | €4,172 | -€896 | -17.7% |
| Suppliers | 440/4 | €5,068 | €4,172 | -€896 | -17.7% |
| Taxes, remuneration and social security | 45 | €6,666 | €3,958 | -€2,708 | -40.6% |
| Taxes | 450/3 | €3,771 | €3,958 | +€188 | +5.0% |
| Remuneration and social security | 454/9 | €2,896 | €0 | -€2,896 | -100% |
| Other amounts payable | 47/48 | €368 | €8,642 | +€8,275 | +2,249% |
| Accrued charges and deferred income | 492/3 | €12,932 | €12,752 | -€180 | -1.4% |
| Non-recurring operating income | 76A | €8,597 | €0 | -€8,597 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,816 | €21,435 | +€8,619 | +67.3% |
| Other operating charges | 640/8 | €1,791 | €1,457 | -€334 | -18.7% |
| Non-recurring operating charges | 66A | €4,132 | €0 | -€4,132 | -100% |
| Gross operating margin | 9900 | €33,797 | €42,985 | +€9,188 | +27.2% |
| Operating profit (loss) | 9901 | €15,058 | €20,093 | +€5,035 | +33.4% |
| Financial income | 75/76B | €16 | €103 | +€86 | +527% |
| Recurring financial income | 75 | €16 | €103 | +€86 | +527% |
| Financial charges | 65/66B | €726 | €1,631 | +€905 | +125% |
| Recurring financial charges | 65 | €726 | €1,631 | +€905 | +125% |
| Profit (loss) for the period before taxes | 9903 | €14,349 | €18,565 | +€4,216 | +29.4% |
| Income taxes | 67/77 | €4,563 | €6,261 | +€1,698 | +37.2% |
| Profit (loss) for the period | 9904 | €9,786 | €12,304 | +€2,518 | +25.7% |
| Profit (loss) for the period to be appropriated | 9905 | €9,786 | €12,304 | +€2,518 | +25.7% |
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 17 October 2026 via checked.be.