JMASH: 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.
JMASH
Largest movements
- Receivables within one year +€195,442
up €195,442 (+596.9%), from €32,740 to €228,183
- Tangible fixed assets +€62,275
up €62,275 (+113.6%), from €54,828 to €117,103
- Cash -€46,781
down €46,781 (-31.4%), from €149,217 to €102,436
mainly Receivables within one year (-€195,442) and Investment in fixed assets (net) (-€74,127)
- Deferred charges and accrued income +€40,904
up €40,904 (+83.4%), from €49,034 to €89,937
- Profit (loss) carried forward +€169,522
up €169,522 (+72.2%), from €234,660 to €404,182
- Debts after one year +€60,402
up €60,402 (+180.0%), from €33,557 to €93,959
- Current portion of long-term debt +€21,529
up €21,529 (+148.6%), from €14,484 to €36,013
- Gross operating margin +€58,725
up €58,725 (+33.6%), from €175,006 to €233,731
- Taxes +€15,868
up €15,868 (+45.0%), from €35,248 to €51,116
- Financial income +€6,611
up €6,611 (+308.0%), from €2,147 to €8,758
- Depreciation -€5,667
down €5,667 (-32.3%), from €17,520 to €11,852
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €360,819 | €612,659 | +€251,840 | +69.8% |
| Fixed assets | 21/28 | €54,828 | €117,103 | +€62,275 | +113.6% |
| Tangible fixed assets | 22/27 | €54,828 | €117,103 | +€62,275 | +113.6% |
| Furniture and vehicles | 24 | €54,828 | €117,103 | +€62,275 | +113.6% |
| Current assets | 29/58 | €305,991 | €495,556 | +€189,565 | +62.0% |
| Amounts receivable after more than one year | 29 | €75,000 | €75,000 | = | 0.0% |
| Other amounts receivable | 291 | €75,000 | €75,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €32,740 | €228,183 | +€195,442 | +596.9% |
| Other amounts receivable | 41 | €32,740 | €228,183 | +€195,442 | +596.9% |
| Cash at bank and in hand | 54/58 | €149,217 | €102,436 | -€46,781 | -31.4% |
| Deferred charges and accrued income | 490/1 | €49,034 | €89,937 | +€40,904 | +83.4% |
| Total equity and liabilities | 10/49 | €360,819 | €612,659 | +€251,840 | +69.8% |
| Equity | 10/15 | €289,660 | €459,182 | +€169,522 | +58.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €50,000 | €50,000 | = | 0.0% |
| Distributable reserves | 133 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €234,660 | €404,182 | +€169,522 | +72.2% |
| Amounts payable | 17/49 | €71,159 | €153,477 | +€82,318 | +115.7% |
| Amounts payable after more than one year | 17 | €33,557 | €93,959 | +€60,402 | +180.0% |
| Financial debts | 170/4 | €33,557 | €93,959 | +€60,402 | +180.0% |
| Amounts payable within one year | 42/48 | €37,602 | €59,518 | +€21,916 | +58.3% |
| Current portion of amounts payable after more than one year | 42 | €14,484 | €36,013 | +€21,529 | +148.6% |
| Trade debts | 44 | €922 | €308 | -€614 | -66.6% |
| Suppliers | 440/4 | €922 | €308 | -€614 | -66.6% |
| Taxes, remuneration and social security | 45 | €22,195 | €23,197 | +€1,002 | +4.5% |
| Taxes | 450/3 | €22,195 | €23,197 | +€1,002 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,520 | €11,852 | -€5,667 | -32.3% |
| Other operating charges | 640/8 | €651 | €709 | +€59 | +9.0% |
| Non-recurring operating charges | 66A | - | €6,466 | +€6,466 | |
| Gross operating margin | 9900 | €175,006 | €233,731 | +€58,725 | +33.6% |
| Operating profit (loss) | 9901 | €156,836 | €214,704 | +€57,868 | +36.9% |
| Financial income | 75/76B | €2,147 | €8,758 | +€6,611 | +308.0% |
| Recurring financial income | 75 | €2,147 | €8,758 | +€6,611 | +308.0% |
| Financial charges | 65/66B | €686 | €2,823 | +€2,137 | +311.5% |
| Recurring financial charges | 65 | €686 | €2,823 | +€2,137 | +311.5% |
| Profit (loss) for the period before taxes | 9903 | €158,296 | €220,638 | +€62,342 | +39.4% |
| Income taxes | 67/77 | €35,248 | €51,116 | +€15,868 | +45.0% |
| Profit (loss) for the period | 9904 | €123,048 | €169,522 | +€46,474 | +37.8% |
| Profit (loss) for the period to be appropriated | 9905 | €123,048 | €169,522 | +€46,474 | +37.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.