JM & SCOTT: 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 & SCOTT
Largest movements
- Cash -€1,323
down €1,323 (-51.3%), from €2,580 to €1,258
mainly Net result for the year (-€1,817) and Receivables within one year (-€261)
- Receivables within one year +€261
up €261 (+174.8%), from €150 to €411
- Profit (loss) carried forward -€1,817
down €1,817 (-4.1%), from -€44,415 to -€46,231
- Trade debts +€756
up €756 (+180.7%), from €418 to €1,174
- Gross operating margin -€3,718
down €3,718, from €2,221 to -€1,496
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 | €2,730 | €1,668 | -€1,061 | -38.9% |
| Current assets | 29/58 | €2,730 | €1,668 | -€1,061 | -38.9% |
| Amounts receivable within one year | 40/41 | €150 | €411 | +€261 | +174.8% |
| Other amounts receivable | 41 | €150 | €411 | +€261 | +174.8% |
| Cash at bank and in hand | 54/58 | €2,580 | €1,258 | -€1,323 | -51.3% |
| Total equity and liabilities | 10/49 | €2,730 | €1,668 | -€1,061 | -38.9% |
| Equity | 10/15 | €585 | -€1,231 | -€1,817 | |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Outside capital | 11 | €45,000 | €45,000 | = | 0.0% |
| Other | 1109/19 | €45,000 | €45,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,415 | -€46,231 | -€1,817 | -4.1% |
| Amounts payable | 17/49 | €2,144 | €2,900 | +€756 | +35.2% |
| Amounts payable within one year | 42/48 | €2,144 | €2,900 | +€756 | +35.2% |
| Trade debts | 44 | €418 | €1,174 | +€756 | +180.7% |
| Suppliers | 440/4 | €418 | €1,174 | +€756 | +180.7% |
| Other amounts payable | 47/48 | €1,726 | €1,726 | = | 0.0% |
| Gross operating margin | 9900 | €2,221 | -€1,496 | -€3,718 | |
| Operating profit (loss) | 9901 | €2,221 | -€1,496 | -€3,718 | |
| Financial income | 75/76B | - | €18 | +€18 | |
| Recurring financial income | 75 | - | €18 | +€18 | |
| Financial charges | 65/66B | €327 | €338 | +€12 | +3.5% |
| Recurring financial charges | 65 | €327 | €338 | +€12 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | €1,895 | -€1,817 | -€3,711 | |
| Profit (loss) for the period | 9904 | €1,895 | -€1,817 | -€3,711 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,895 | -€1,817 | -€3,711 |
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 29 September 2026 via checked.be.