JM Retail: 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 Retail
Largest movements
- Tangible fixed assets -€58,026
down €58,026 (-17.0%), from €340,556 to €282,530
of which Plant, machinery and equipment: -€51,447
- Cash -€13,807
down €13,807 (-8.7%), from €158,274 to €144,468
mainly Trade debts (-€110,682) and Debts after one year (-€60,351)
- Trade debts -€110,682
down €110,682 (-18.9%), from €584,476 to €473,794
- Profit (loss) carried forward +€61,188
up €61,188 (+24.0%), from -€254,819 to -€193,631
- Debts after one year -€60,351
down €60,351 (-20.2%), from €299,385 to €239,034
- Current portion of long-term debt +€28,095
up €28,095 (+35.5%), from €79,080 to €107,175
- Tax, wage and social debts +€10,265
up €10,265 (+9.1%), from €112,711 to €122,976
of which Remuneration and social security: +€18,554
- Gross operating margin +€106,122
up €106,122 (+17.5%), from €606,225 to €712,347
- Other operating charges -€14,165
down €14,165 (-81.7%), from €17,347 to €3,182
- Staff costs +€12,620
up €12,620 (+2.3%), from €557,454 to €570,075
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 | €855,975 | €789,129 | -€66,846 | -7.8% |
| Fixed assets | 21/28 | €340,774 | €284,999 | -€55,775 | -16.4% |
| Intangible fixed assets | 21 | €218 | €69 | -€149 | -68.4% |
| Tangible fixed assets | 22/27 | €340,556 | €282,530 | -€58,026 | -17.0% |
| Plant, machinery and equipment | 23 | €302,850 | €251,403 | -€51,447 | -17.0% |
| Furniture and vehicles | 24 | €8,645 | €6,215 | -€2,430 | -28.1% |
| Other tangible fixed assets | 26 | €29,061 | €24,912 | -€4,149 | -14.3% |
| Financial fixed assets | 28 | - | €2,400 | +€2,400 | |
| Current assets | 29/58 | €515,201 | €504,130 | -€11,071 | -2.1% |
| Stocks and contracts in progress | 3 | €322,022 | €322,022 | = | 0.0% |
| Stocks | 30/36 | €322,022 | €322,022 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €15,140 | €16,071 | +€931 | +6.2% |
| Trade receivables | 40 | €6,566 | - | -€6,566 | |
| Other amounts receivable | 41 | €8,573 | €16,071 | +€7,497 | +87.4% |
| Cash at bank and in hand | 54/58 | €158,274 | €144,468 | -€13,807 | -8.7% |
| Deferred charges and accrued income | 490/1 | €19,764 | €21,569 | +€1,805 | +9.1% |
| Total equity and liabilities | 10/49 | €855,975 | €789,129 | -€66,846 | -7.8% |
| Equity | 10/15 | -€233,041 | -€171,853 | +€61,188 | +26.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,178 | €3,178 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,041 | €1,041 | = | 0.0% |
| Distributable reserves | 133 | €277 | €277 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€254,819 | -€193,631 | +€61,188 | +24.0% |
| Amounts payable | 17/49 | €1,089,016 | €960,982 | -€128,034 | -11.8% |
| Amounts payable after more than one year | 17 | €299,385 | €239,034 | -€60,351 | -20.2% |
| Financial debts | 170/4 | €299,385 | €239,034 | -€60,351 | -20.2% |
| Amounts payable within one year | 42/48 | €784,341 | €716,658 | -€67,683 | -8.6% |
| Current portion of amounts payable after more than one year | 42 | €79,080 | €107,175 | +€28,095 | +35.5% |
| Trade debts | 44 | €584,476 | €473,794 | -€110,682 | -18.9% |
| Suppliers | 440/4 | €584,476 | €473,794 | -€110,682 | -18.9% |
| Taxes, remuneration and social security | 45 | €112,711 | €122,976 | +€10,265 | +9.1% |
| Taxes | 450/3 | €8,289 | - | -€8,289 | |
| Remuneration and social security | 454/9 | €104,422 | €122,976 | +€18,554 | +17.8% |
| Other amounts payable | 47/48 | €8,075 | €12,713 | +€4,638 | +57.4% |
| Accrued charges and deferred income | 492/3 | €5,290 | €5,290 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €557,454 | €570,075 | +€12,620 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,655 | €61,955 | +€2,301 | +3.9% |
| Other operating charges | 640/8 | €17,347 | €3,182 | -€14,165 | -81.7% |
| Gross operating margin | 9900 | €606,225 | €712,347 | +€106,122 | +17.5% |
| Operating profit (loss) | 9901 | -€28,231 | €77,136 | +€105,367 | |
| Financial income | 75/76B | €5 | €131 | +€126 | +2,317% |
| Recurring financial income | 75 | €5 | €131 | +€126 | +2,317% |
| Financial charges | 65/66B | €20,412 | €16,079 | -€4,333 | -21.2% |
| Recurring financial charges | 65 | €20,412 | €16,079 | -€4,333 | -21.2% |
| Profit (loss) for the period before taxes | 9903 | -€48,638 | €61,188 | +€109,826 | |
| Profit (loss) for the period | 9904 | -€48,638 | €61,188 | +€109,826 | |
| Profit (loss) for the period to be appropriated | 9905 | -€48,638 | €61,188 | +€109,826 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.