JMB: 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.
JMB
Largest movements
- Receivables within one year +€42,896
up €42,896 (+52.8%), from €81,277 to €124,173
of which Trade receivables: +€41,029
- Stocks and contracts +€13,996
up €13,996 (+10.6%), from €132,615 to €146,611
- Tangible fixed assets -€5,418
down €5,418 (-51.6%), from €10,501 to €5,082
of which Furniture and vehicles: -€3,710
- Trade debts +€28,527
up €28,527 (+60.3%), from €47,302 to €75,828
- Reserves +€21,657
up €21,657 (+158%), from €13,741 to €35,399
of which Distributable reserves: +€21,657
- Other debts -€8,136
down €8,136 (-95.6%), from €8,510 to €373
- Tax, wage and social debts +€7,927
up €7,927 (+46.7%), from €16,984 to €24,912
of which Taxes: +€7,264
- Gross operating margin +€82,244
up €82,244 (+545%), from €15,099 to €97,343
- Staff costs +€10,640
up €10,640 (+21.4%), from €49,605 to €60,245
- Financial charges -€2,872
down €2,872 (-26.5%), from €10,844 to €7,972
- Depreciation -€1,218
down €1,218 (-18.3%), from €6,636 to €5,418
- Other operating charges +€1,170
up €1,170 (+132%), from €886 to €2,056
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 | €233,652 | €283,512 | +€49,860 | +21.3% |
| Fixed assets | 21/28 | €10,501 | €5,082 | -€5,418 | -51.6% |
| Tangible fixed assets | 22/27 | €10,501 | €5,082 | -€5,418 | -51.6% |
| Plant, machinery and equipment | 23 | €6,058 | €4,547 | -€1,511 | -24.9% |
| Furniture and vehicles | 24 | €4,050 | €339 | -€3,710 | -91.6% |
| Other tangible fixed assets | 26 | €393 | €196 | -€197 | -50.1% |
| Current assets | 29/58 | €223,152 | €278,430 | +€55,278 | +24.8% |
| Stocks and contracts in progress | 3 | €132,615 | €146,611 | +€13,996 | +10.6% |
| Stocks | 30/36 | €132,615 | €146,611 | +€13,996 | +10.6% |
| Amounts receivable within one year | 40/41 | €81,277 | €124,173 | +€42,896 | +52.8% |
| Trade receivables | 40 | €77,611 | €118,640 | +€41,029 | +52.9% |
| Other amounts receivable | 41 | €3,666 | €5,533 | +€1,867 | +50.9% |
| Cash at bank and in hand | 54/58 | €4,189 | €2,322 | -€1,867 | -44.6% |
| Deferred charges and accrued income | 490/1 | €5,071 | €5,324 | +€254 | +5.0% |
| Total equity and liabilities | 10/49 | €233,652 | €283,512 | +€49,860 | +21.3% |
| Equity | 10/15 | €75,741 | €97,399 | +€21,657 | +28.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €13,741 | €35,399 | +€21,657 | +158% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €7,541 | €29,199 | +€21,657 | +287% |
| Amounts payable | 17/49 | €157,911 | €186,113 | +€28,203 | +17.9% |
| Amounts payable within one year | 42/48 | €157,796 | €186,113 | +€28,318 | +17.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €85,000 | €85,000 | = | 0.0% |
| Credit institutions | 430/8 | €85,000 | €85,000 | = | 0.0% |
| Trade debts | 44 | €47,302 | €75,828 | +€28,527 | +60.3% |
| Suppliers | 440/4 | €47,302 | €75,828 | +€28,527 | +60.3% |
| Taxes, remuneration and social security | 45 | €16,984 | €24,912 | +€7,927 | +46.7% |
| Taxes | 450/3 | €11,186 | €18,450 | +€7,264 | +64.9% |
| Remuneration and social security | 454/9 | €5,798 | €6,461 | +€663 | +11.4% |
| Other amounts payable | 47/48 | €8,510 | €373 | -€8,136 | -95.6% |
| Accrued charges and deferred income | 492/3 | €115 | €0 | -€115 | -100% |
| Non-recurring operating income | 76A | €3,081 | €0 | -€3,081 | -100% |
| Remuneration, social security and pensions | 62 | €49,605 | €60,245 | +€10,640 | +21.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,636 | €5,418 | -€1,218 | -18.3% |
| Other operating charges | 640/8 | €886 | €2,056 | +€1,170 | +132% |
| Gross operating margin | 9900 | €15,099 | €97,343 | +€82,244 | +545% |
| Operating profit (loss) | 9901 | -€42,028 | €29,624 | +€71,652 | |
| Financial income | 75/76B | €0 | €6 | +€6 | +9,433% |
| Recurring financial income | 75 | €0 | €6 | +€6 | +9,433% |
| Financial charges | 65/66B | €10,844 | €7,972 | -€2,872 | -26.5% |
| Recurring financial charges | 65 | €10,844 | €7,972 | -€2,872 | -26.5% |
| Profit (loss) for the period before taxes | 9903 | -€52,872 | €21,657 | +€74,529 | |
| Profit (loss) for the period | 9904 | -€52,872 | €21,657 | +€74,529 | |
| Profit (loss) for the period to be appropriated | 9905 | -€52,872 | €21,657 | +€74,529 |
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 16 October 2026 via checked.be.