JMB: 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.
JMB
Largest movements
- Stocks and contracts -€14,973
down €14,973 (-60.0%), from €24,973 to €10,000
- Tangible fixed assets -€9,346
down €9,346 (-31.3%), from €29,873 to €20,527
of which Land and buildings: -€5,774
- Deferred charges and accrued income -€7,160
no longer reported in 2025 (was €7,160)
- Profit (loss) carried forward -€39,304
down €39,304 (-55.6%), from €70,696 to €31,392
- Other debts +€11,000
new in 2025: €11,000
- Trade debts -€3,367
down €3,367 (-90.6%), from €3,718 to €351
- Gross operating margin -€16,362
down €16,362 (-130.4%), from -€12,545 to -€28,907
- Financial income -€13,234
no longer reported in 2025 (was €13,234)
- Other operating charges +€493
up €493 (+150.6%), from €327 to €820
- Financial charges -€310
down €310 (-57.3%), from €540 to €231
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 | €179,045 | €147,375 | -€31,670 | -17.7% |
| Fixed assets | 21/28 | €29,873 | €20,527 | -€9,346 | -31.3% |
| Tangible fixed assets | 22/27 | €29,873 | €20,527 | -€9,346 | -31.3% |
| Land and buildings | 22 | €21,756 | €15,982 | -€5,774 | -26.5% |
| Plant, machinery and equipment | 23 | €213 | - | -€213 | |
| Furniture and vehicles | 24 | €7,904 | €4,545 | -€3,359 | -42.5% |
| Current assets | 29/58 | €149,172 | €126,848 | -€22,324 | -15.0% |
| Stocks and contracts in progress | 3 | €24,973 | €10,000 | -€14,973 | -60.0% |
| Stocks | 30/36 | €24,973 | €10,000 | -€14,973 | -60.0% |
| Amounts receivable within one year | 40/41 | €610 | €1,231 | +€621 | +101.7% |
| Other amounts receivable | 41 | €610 | €1,231 | +€621 | +101.7% |
| Current investments | 50/53 | €114,775 | €114,775 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,653 | €842 | -€812 | -49.1% |
| Deferred charges and accrued income | 490/1 | €7,160 | - | -€7,160 | |
| Total equity and liabilities | 10/49 | €179,045 | €147,375 | -€31,670 | -17.7% |
| Equity | 10/15 | €101,236 | €61,932 | -€39,304 | -38.8% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €540 | €540 | = | 0.0% |
| Non-distributable reserves | 130/1 | €540 | €540 | = | 0.0% |
| Reserves not available under the articles | 1311 | €540 | €540 | = | 0.0% |
| Profit (loss) carried forward | 14 | €70,696 | €31,392 | -€39,304 | -55.6% |
| Amounts payable | 17/49 | €77,809 | €85,443 | +€7,634 | +9.8% |
| Amounts payable after more than one year | 17 | €72,809 | €72,809 | = | 0.0% |
| Other amounts payable | 178/9 | €72,809 | €72,809 | = | 0.0% |
| Amounts payable within one year | 42/48 | €5,000 | €12,634 | +€7,634 | +152.7% |
| Trade debts | 44 | €3,718 | €351 | -€3,367 | -90.6% |
| Suppliers | 440/4 | €3,718 | €351 | -€3,367 | -90.6% |
| Taxes, remuneration and social security | 45 | €1,282 | €1,282 | = | 0.0% |
| Taxes | 450/3 | €1,282 | €1,282 | = | 0.0% |
| Other amounts payable | 47/48 | - | €11,000 | +€11,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,624 | €9,346 | -€278 | -2.9% |
| Other operating charges | 640/8 | €327 | €820 | +€493 | +150.6% |
| Gross operating margin | 9900 | -€12,545 | -€28,907 | -€16,362 | -130.4% |
| Operating profit (loss) | 9901 | -€22,496 | -€39,074 | -€16,578 | -73.7% |
| Financial income | 75/76B | €13,234 | - | -€13,234 | |
| Recurring financial income | 75 | €13,234 | - | -€13,234 | |
| Financial charges | 65/66B | €540 | €231 | -€310 | -57.3% |
| Recurring financial charges | 65 | €540 | €231 | -€310 | -57.3% |
| Profit (loss) for the period before taxes | 9903 | -€9,803 | -€39,304 | -€29,501 | -301.0% |
| Income taxes | 67/77 | €39 | - | -€39 | |
| Profit (loss) for the period | 9904 | -€9,842 | -€39,304 | -€29,462 | -299.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,842 | -€39,304 | -€29,462 | -299.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.