JMAVOCAT: 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.
JMAVOCAT
Largest movements
- Cash +€67,354
up €67,354 (+178%), from €37,832 to €105,186
mainly Net result for the year (+€47,992) and Receivables within one year (+€33,122)
- Receivables within one year -€33,122
down €33,122 (-50.7%), from €65,314 to €32,192
of which Other amounts receivable: -€20,205
- Tangible fixed assets +€11,454
up €11,454 (+307%), from €3,733 to €15,187
of which Land and buildings: +€11,310
- Reserves +€46,742
up €46,742 (+52.7%), from €88,741 to €135,483
- Gross operating margin -€53,268
down €53,268 (-46.6%), from €114,356 to €61,088
- Taxes -€11,917
down €11,917 (-50.1%), from €23,782 to €11,865
- Depreciation +€1,434
up €1,434 (+132%), from €1,085 to €2,519
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 | €107,253 | €152,915 | +€45,662 | +42.6% |
| Fixed assets | 21/28 | €3,733 | €15,187 | +€11,454 | +307% |
| Tangible fixed assets | 22/27 | €3,733 | €15,187 | +€11,454 | +307% |
| Land and buildings | 22 | - | €11,310 | +€11,310 | |
| Furniture and vehicles | 24 | €3,733 | €3,877 | +€144 | +3.9% |
| Current assets | 29/58 | €103,520 | €137,728 | +€34,208 | +33.0% |
| Amounts receivable within one year | 40/41 | €65,314 | €32,192 | -€33,122 | -50.7% |
| Trade receivables | 40 | €24,291 | €11,374 | -€12,917 | -53.2% |
| Other amounts receivable | 41 | €41,023 | €20,818 | -€20,205 | -49.3% |
| Cash at bank and in hand | 54/58 | €37,832 | €105,186 | +€67,354 | +178% |
| Deferred charges and accrued income | 490/1 | €374 | €350 | -€24 | -6.4% |
| Total equity and liabilities | 10/49 | €107,253 | €152,915 | +€45,662 | +42.6% |
| Equity | 10/15 | €93,741 | €140,483 | +€46,742 | +49.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €88,741 | €135,483 | +€46,742 | +52.7% |
| Distributable reserves | 133 | €88,741 | €135,483 | +€46,742 | +52.7% |
| Amounts payable | 17/49 | €13,512 | €12,432 | -€1,080 | -8.0% |
| Amounts payable within one year | 42/48 | €13,512 | €12,432 | -€1,080 | -8.0% |
| Trade debts | 44 | €500 | €365 | -€135 | -27.0% |
| Suppliers | 440/4 | €500 | €365 | -€135 | -27.0% |
| Taxes, remuneration and social security | 45 | €11,762 | €10,817 | -€945 | -8.0% |
| Taxes | 450/3 | €11,762 | €10,817 | -€945 | -8.0% |
| Other amounts payable | 47/48 | €1,250 | €1,250 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,085 | €2,519 | +€1,434 | +132% |
| Other operating charges | 640/8 | €590 | €364 | -€226 | -38.3% |
| Gross operating margin | 9900 | €114,356 | €61,088 | -€53,268 | -46.6% |
| Operating profit (loss) | 9901 | €112,681 | €58,205 | -€54,476 | -48.3% |
| Financial income | 75/76B | €1,201 | €1,652 | +€451 | +37.6% |
| Recurring financial income | 75 | €1,201 | €1,652 | +€451 | +37.6% |
| Financial charges | 65/66B | €109 | - | -€109 | |
| Recurring financial charges | 65 | €109 | - | -€109 | |
| Profit (loss) for the period before taxes | 9903 | €113,773 | €59,857 | -€53,916 | -47.4% |
| Income taxes | 67/77 | €23,782 | €11,865 | -€11,917 | -50.1% |
| Profit (loss) for the period | 9904 | €89,991 | €47,992 | -€41,999 | -46.7% |
| Profit (loss) for the period to be appropriated | 9905 | €89,991 | €47,992 | -€41,999 | -46.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.