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 +€30,595
up €30,595 (+1,313%), from €2,331 to €32,926
of which Trade receivables: +€32,552
- Tangible fixed assets -€8,013
down €8,013 (-14.4%), from €55,458 to €47,445
of which Plant, machinery and equipment: -€7,663
- Cash +€7,906
up €7,906 (+20.9%), from €37,840 to €45,746
mainly Net result for the year (+€45,288) and Tax, wage and social debts (+€25,558)
- Reserves +€45,288
up €45,288 (+295%), from €15,338 to €60,625
- Tax, wage and social debts +€25,558
up €25,558 (+624%), from €4,094 to €29,652
- Trade debts -€23,900
down €23,900 (-88.8%), from €26,926 to €3,026
- Debts after one year -€14,895
down €14,895 (-42.9%), from €34,756 to €19,860
- Other debts -€5,569
no longer reported in 2025 (was €5,569)
- Gross operating margin +€68,441
up €68,441 (+824%), from €8,310 to €76,751
- Taxes +€18,476
up €18,476 (+184,764,600%), from €0 to €18,476
- Financial charges +€1,466
up €1,466 (+49.9%), from €2,937 to €4,404
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 | €98,772 | €129,625 | +€30,853 | +31.2% |
| Fixed assets | 21/28 | €55,458 | €47,445 | -€8,013 | -14.4% |
| Tangible fixed assets | 22/27 | €55,458 | €47,445 | -€8,013 | -14.4% |
| Land and buildings | 22 | €3,296 | €2,946 | -€350 | -10.6% |
| Plant, machinery and equipment | 23 | €52,162 | €44,499 | -€7,663 | -14.7% |
| Current assets | 29/58 | €43,314 | €82,180 | +€38,866 | +89.7% |
| Stocks and contracts in progress | 3 | €3,143 | €3,508 | +€365 | +11.6% |
| Stocks | 30/36 | €3,143 | €3,508 | +€365 | +11.6% |
| Amounts receivable within one year | 40/41 | €2,331 | €32,926 | +€30,595 | +1,313% |
| Trade receivables | 40 | - | €32,552 | +€32,552 | |
| Other amounts receivable | 41 | €2,331 | €374 | -€1,957 | -84.0% |
| Cash at bank and in hand | 54/58 | €37,840 | €45,746 | +€7,906 | +20.9% |
| Total equity and liabilities | 10/49 | €98,772 | €129,625 | +€30,853 | +31.2% |
| Equity | 10/15 | €16,903 | €62,191 | +€45,288 | +268% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €15,338 | €60,625 | +€45,288 | +295% |
| Distributable reserves | 133 | €15,338 | €60,625 | +€45,288 | +295% |
| Profit (loss) carried forward | 14 | -€3,434 | -€3,434 | = | 0.0% |
| Amounts payable | 17/49 | €81,868 | €67,434 | -€14,435 | -17.6% |
| Amounts payable after more than one year | 17 | €34,756 | €19,860 | -€14,895 | -42.9% |
| Financial debts | 170/4 | €34,756 | €19,860 | -€14,895 | -42.9% |
| Amounts payable within one year | 42/48 | €47,113 | €47,574 | +€461 | +1.0% |
| Current portion of amounts payable after more than one year | 42 | €10,523 | €14,895 | +€4,372 | +41.6% |
| Trade debts | 44 | €26,926 | €3,026 | -€23,900 | -88.8% |
| Suppliers | 440/4 | €26,926 | €3,026 | -€23,900 | -88.8% |
| Taxes, remuneration and social security | 45 | €4,094 | €29,652 | +€25,558 | +624% |
| Taxes | 450/3 | €4,094 | €29,652 | +€25,558 | +624% |
| Other amounts payable | 47/48 | €5,569 | - | -€5,569 | |
| Remuneration, social security and pensions | 62 | €390 | €387 | -€3 | -0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,269 | €8,013 | -€257 | -3.1% |
| Other operating charges | 640/8 | €189 | €286 | +€97 | +51.2% |
| Gross operating margin | 9900 | €8,310 | €76,751 | +€68,441 | +824% |
| Operating profit (loss) | 9901 | -€539 | €68,066 | +€68,605 | |
| Financial income | 75/76B | €42 | €102 | +€61 | +146% |
| Recurring financial income | 75 | €42 | €102 | +€61 | +146% |
| Financial charges | 65/66B | €2,937 | €4,404 | +€1,466 | +49.9% |
| Recurring financial charges | 65 | €2,937 | €4,404 | +€1,466 | +49.9% |
| Profit (loss) for the period before taxes | 9903 | -€3,434 | €63,764 | +€67,199 | |
| Income taxes | 67/77 | €0 | €18,476 | +€18,476 | +184,764,600% |
| Profit (loss) for the period | 9904 | -€3,434 | €45,288 | +€48,722 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,434 | €45,288 | +€48,722 |
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.