JM SOLUTIONS: 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 SOLUTIONS
Largest movements
- Tangible fixed assets -€32,604
down €32,604 (-25.2%), from €129,292 to €96,688
of which Furniture and vehicles: -€26,038
- Cash +€18,552
up €18,552 (+50.8%), from €36,498 to €55,050
mainly Depreciation (+€36,290) and Trade debts (+€31,635)
- Stocks and contracts -€7,184
down €7,184 (-9.0%), from €79,665 to €72,481
of which Contracts in progress: -€14,602
- Receivables within one year +€5,216
up €5,216 (+18.1%), from €28,860 to €34,075
of which Other amounts receivable: +€17,198
- Deferred charges and accrued income +€3,300
up €3,300 (+523%), from €632 to €3,932
- Trade debts +€31,635
up €31,635 (+809%), from €3,911 to €35,546
- Other debts -€22,331
down €22,331 (-21.8%), from €102,466 to €80,135
- Debts after one year -€18,319
down €18,319 (-33.3%), from €55,088 to €36,768
- Tax, wage and social debts -€8,804
down €8,804 (-81.5%), from €10,804 to €2,000
- Profit (loss) carried forward +€7,025
up €7,025 (+8.9%), from €78,602 to €85,627
- Gross operating margin +€6,496
up €6,496 (+14.2%), from €45,779 to €52,274
- Taxes +€1,461
up €1,461 (+70.2%), from €2,081 to €3,542
- Staff costs +€663
new in 2025: €663
- Depreciation +€620
up €620 (+1.7%), from €35,669 to €36,290
- Financial charges -€615
down €615 (-15.8%), from €3,878 to €3,263
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 | €276,389 | €264,395 | -€11,994 | -4.3% |
| Fixed assets | 21/28 | €130,735 | €98,858 | -€31,877 | -24.4% |
| Intangible fixed assets | 21 | €1,443 | €2,169 | +€727 | +50.4% |
| Tangible fixed assets | 22/27 | €129,292 | €96,688 | -€32,604 | -25.2% |
| Plant, machinery and equipment | 23 | €15,833 | €11,213 | -€4,620 | -29.2% |
| Furniture and vehicles | 24 | €99,113 | €73,076 | -€26,038 | -26.3% |
| Other tangible fixed assets | 26 | €14,346 | €12,400 | -€1,946 | -13.6% |
| Current assets | 29/58 | €145,654 | €165,538 | +€19,884 | +13.7% |
| Stocks and contracts in progress | 3 | €79,665 | €72,481 | -€7,184 | -9.0% |
| Stocks | 30/36 | €65,063 | €72,481 | +€7,418 | +11.4% |
| Contracts in progress | 37 | €14,602 | - | -€14,602 | |
| Amounts receivable within one year | 40/41 | €28,860 | €34,075 | +€5,216 | +18.1% |
| Trade receivables | 40 | €20,429 | €8,446 | -€11,983 | -58.7% |
| Other amounts receivable | 41 | €8,431 | €25,629 | +€17,198 | +204% |
| Cash at bank and in hand | 54/58 | €36,498 | €55,050 | +€18,552 | +50.8% |
| Deferred charges and accrued income | 490/1 | €632 | €3,932 | +€3,300 | +523% |
| Total equity and liabilities | 10/49 | €276,389 | €264,395 | -€11,994 | -4.3% |
| Equity | 10/15 | €84,602 | €91,627 | +€7,025 | +8.3% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €78,602 | €85,627 | +€7,025 | +8.9% |
| Amounts payable | 17/49 | €191,787 | €172,768 | -€19,019 | -9.9% |
| Amounts payable after more than one year | 17 | €55,088 | €36,768 | -€18,319 | -33.3% |
| Financial debts | 170/4 | €55,088 | €36,768 | -€18,319 | -33.3% |
| Amounts payable within one year | 42/48 | €134,723 | €136,000 | +€1,277 | +0.9% |
| Current portion of amounts payable after more than one year | 42 | €17,543 | €18,319 | +€777 | +4.4% |
| Trade debts | 44 | €3,911 | €35,546 | +€31,635 | +809% |
| Suppliers | 440/4 | €3,911 | €35,546 | +€31,635 | +809% |
| Taxes, remuneration and social security | 45 | €10,804 | €2,000 | -€8,804 | -81.5% |
| Taxes | 450/3 | €10,804 | €2,000 | -€8,804 | -81.5% |
| Other amounts payable | 47/48 | €102,466 | €80,135 | -€22,331 | -21.8% |
| Accrued charges and deferred income | 492/3 | €1,977 | - | -€1,977 | |
| Remuneration, social security and pensions | 62 | - | €663 | +€663 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,669 | €36,290 | +€620 | +1.7% |
| Other operating charges | 640/8 | €2,075 | €1,492 | -€582 | -28.1% |
| Gross operating margin | 9900 | €45,779 | €52,274 | +€6,496 | +14.2% |
| Operating profit (loss) | 9901 | €8,035 | €13,830 | +€5,795 | +72.1% |
| Financial income | 75/76B | €5 | €1 | -€3 | -77.6% |
| Recurring financial income | 75 | €5 | €1 | -€3 | -77.6% |
| Financial charges | 65/66B | €3,878 | €3,263 | -€615 | -15.8% |
| Recurring financial charges | 65 | €3,878 | €3,263 | -€615 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | €4,161 | €10,567 | +€6,406 | +154% |
| Income taxes | 67/77 | €2,081 | €3,542 | +€1,461 | +70.2% |
| Profit (loss) for the period | 9904 | €2,080 | €7,025 | +€4,945 | +238% |
| Profit (loss) for the period to be appropriated | 9905 | €2,080 | €7,025 | +€4,945 | +238% |
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 15 October 2026 via checked.be.