JMB AVIATION: 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 AVIATION
Largest movements
- Receivables within one year +€1.5m
up €1.5m (+57.0%), from €2.7m to €4.2m
of which Trade receivables: +€1.4m
- Stocks and contracts -€145,965
down €145,965 (-41.9%), from €348,197 to €202,232
- Tangible fixed assets +€90,855
up €90,855 (+20.1%), from €452,133 to €542,988
of which Furniture and vehicles: +€113,191
- Trade debts +€1.5m
up €1.5m (+62.5%), from €2.4m to €3.9m
- Debts after one year -€140,529
down €140,529 (-28.7%), from €489,999 to €349,470
- Tax, wage and social debts +€97,564
up €97,564 (+396%), from €24,633 to €122,197
of which Taxes: +€98,818
- Gross operating margin -€136,503
down €136,503 (-28.5%), from €478,418 to €341,915
- Staff costs -€116,991
down €116,991 (-37.9%), from €309,067 to €192,076
- Depreciation +€19,914
up €19,914 (+21.8%), from €91,279 to €111,193
- Write-downs -€16,025
no longer reported in 2025 (was €16,025)
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 | €3,526,790 | €4,988,579 | +€1.5m | +41.4% |
| Fixed assets | 21/28 | €452,479 | €543,106 | +€90,627 | +20.0% |
| Intangible fixed assets | 21 | €228 | - | -€228 | |
| Tangible fixed assets | 22/27 | €452,133 | €542,988 | +€90,855 | +20.1% |
| Land and buildings | 22 | €174,717 | €161,181 | -€13,536 | -7.7% |
| Plant, machinery and equipment | 23 | €48,631 | €42,962 | -€5,670 | -11.7% |
| Furniture and vehicles | 24 | €198,290 | €311,481 | +€113,191 | +57.1% |
| Other tangible fixed assets | 26 | €30,495 | €27,365 | -€3,130 | -10.3% |
| Financial fixed assets | 28 | €118 | €118 | = | 0.0% |
| Current assets | 29/58 | €3,074,311 | €4,445,472 | +€1.4m | +44.6% |
| Stocks and contracts in progress | 3 | €348,197 | €202,232 | -€145,965 | -41.9% |
| Stocks | 30/36 | €348,197 | €202,232 | -€145,965 | -41.9% |
| Amounts receivable within one year | 40/41 | €2,656,622 | €4,171,349 | +€1.5m | +57.0% |
| Trade receivables | 40 | €2,510,643 | €3,894,596 | +€1.4m | +55.1% |
| Other amounts receivable | 41 | €145,979 | €276,752 | +€130,773 | +89.6% |
| Cash at bank and in hand | 54/58 | €51,974 | €57,810 | +€5,837 | +11.2% |
| Deferred charges and accrued income | 490/1 | €17,518 | €14,081 | -€3,437 | -19.6% |
| Total equity and liabilities | 10/49 | €3,526,790 | €4,988,579 | +€1.5m | +41.4% |
| Equity | 10/15 | €408,620 | €402,176 | -€6,444 | -1.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €390,020 | €383,576 | -€6,444 | -1.7% |
| Distributable reserves | 133 | €390,020 | €383,576 | -€6,444 | -1.7% |
| Amounts payable | 17/49 | €3,118,170 | €4,586,403 | +€1.5m | +47.1% |
| Amounts payable after more than one year | 17 | €489,999 | €349,470 | -€140,529 | -28.7% |
| Financial debts | 170/4 | €489,999 | €349,470 | -€140,529 | -28.7% |
| Amounts payable within one year | 42/48 | €2,599,965 | €4,221,852 | +€1.6m | +62.4% |
| Current portion of amounts payable after more than one year | 42 | €155,176 | €166,600 | +€11,424 | +7.4% |
| Trade debts | 44 | €2,420,157 | €3,933,056 | +€1.5m | +62.5% |
| Suppliers | 440/4 | €2,420,157 | €3,933,056 | +€1.5m | +62.5% |
| Taxes, remuneration and social security | 45 | €24,633 | €122,197 | +€97,564 | +396% |
| Taxes | 450/3 | €7,812 | €106,630 | +€98,818 | +1,265% |
| Remuneration and social security | 454/9 | €16,821 | €15,567 | -€1,254 | -7.5% |
| Accrued charges and deferred income | 492/3 | €28,205 | €15,081 | -€13,125 | -46.5% |
| Non-recurring operating income | 76A | - | €2,739 | +€2,739 | |
| Remuneration, social security and pensions | 62 | €309,067 | €192,076 | -€116,991 | -37.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,279 | €111,193 | +€19,914 | +21.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €16,025 | - | -€16,025 | |
| Other operating charges | 640/8 | €15,951 | €12,383 | -€3,568 | -22.4% |
| Gross operating margin | 9900 | €478,418 | €341,915 | -€136,503 | -28.5% |
| Operating profit (loss) | 9901 | €46,097 | €26,265 | -€19,833 | -43.0% |
| Financial income | 75/76B | €341 | €285 | -€57 | -16.6% |
| Recurring financial income | 75 | €341 | €285 | -€57 | -16.6% |
| Financial charges | 65/66B | €32,512 | €29,569 | -€2,943 | -9.1% |
| Recurring financial charges | 65 | €32,512 | €29,569 | -€2,943 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €13,926 | -€3,020 | -€16,946 | |
| Income taxes | 67/77 | €6,975 | €3,424 | -€3,551 | -50.9% |
| Profit (loss) for the period | 9904 | €6,952 | -€6,444 | -€13,395 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,952 | -€6,444 | -€13,395 |
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 27 October 2026 via checked.be.