JMB GROUP: 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 GROUP
Largest movements
- Cash -€1.1m
down €1.1m (-92.6%), from €1.2m to €88,183
mainly Other debts (-€598,904) and Contributions, distributions and other (-€366,930)
- Current investments +€150,000
up €150,000 (+1525941.0%), from €10 to €150,010
- Receivables within one year +€33,212
up €33,212 (+94.2%), from €35,253 to €68,465
of which Trade receivables: +€28,116
- Tangible fixed assets -€25,693
down €25,693 (-6.8%), from €378,448 to €352,755
of which Land and buildings: -€24,414
- Other debts -€598,904
down €598,904 (-81.0%), from €739,800 to €140,896
- Reserves -€360,670
down €360,670 (-22.8%), from €1.6m to €1.2m
of which Distributable reserves: -€360,670
- Financial income -€241,611
down €241,611 (-96.6%), from €250,022 to €8,410
of which Non-recurring financial income: -€225,505
- Financial charges -€32,643
down €32,643 (-55.1%), from €59,217 to €26,574
- Taxes -€26,651
no longer reported in 2026 (was €26,651)
- Gross operating margin -€13,538
down €13,538 (-7.0%), from €192,814 to €179,276
- Staff costs +€13,224
up €13,224 (+13.0%), from €102,003 to €115,228
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,213,408 | €1,249,547 | -€963,861 | -43.5% |
| Fixed assets | 21/28 | €384,883 | €359,190 | -€25,693 | -6.7% |
| Tangible fixed assets | 22/27 | €378,448 | €352,755 | -€25,693 | -6.8% |
| Land and buildings | 22 | €376,325 | €351,912 | -€24,414 | -6.5% |
| Furniture and vehicles | 24 | €2,122 | €843 | -€1,279 | -60.3% |
| Financial fixed assets | 28 | €6,435 | €6,435 | = | 0.0% |
| Current assets | 29/58 | €1,828,525 | €890,358 | -€938,168 | -51.3% |
| Stocks and contracts in progress | 3 | €600,953 | €579,488 | -€21,465 | -3.6% |
| Stocks | 30/36 | €600,953 | €579,488 | -€21,465 | -3.6% |
| Amounts receivable within one year | 40/41 | €35,253 | €68,465 | +€33,212 | +94.2% |
| Trade receivables | 40 | €31,346 | €59,462 | +€28,116 | +89.7% |
| Other amounts receivable | 41 | €3,907 | €9,002 | +€5,096 | +130.4% |
| Current investments | 50/53 | €10 | €150,010 | +€150,000 | +1525941.0% |
| Cash at bank and in hand | 54/58 | €1,186,330 | €88,183 | -€1.1m | -92.6% |
| Deferred charges and accrued income | 490/1 | €5,980 | €4,213 | -€1,767 | -29.6% |
| Total equity and liabilities | 10/49 | €2,213,408 | €1,249,547 | -€963,861 | -43.5% |
| Equity | 10/15 | €1,409,963 | €1,049,293 | -€360,670 | -25.6% |
| Contributions | 10/11 | €18,716 | €18,716 | = | 0.0% |
| Reserves | 13 | €1,579,967 | €1,219,297 | -€360,670 | -22.8% |
| Tax-exempt reserves | 132 | €381,642 | €381,642 | = | 0.0% |
| Distributable reserves | 133 | €1,198,325 | €837,655 | -€360,670 | -30.1% |
| Profit (loss) carried forward | 14 | -€188,720 | -€188,720 | = | 0.0% |
| Amounts payable | 17/49 | €803,445 | €200,254 | -€603,191 | -75.1% |
| Amounts payable within one year | 42/48 | €803,445 | €200,254 | -€603,191 | -75.1% |
| Trade debts | 44 | €20,519 | €26,214 | +€5,695 | +27.8% |
| Suppliers | 440/4 | €20,519 | €26,214 | +€5,695 | +27.8% |
| Taxes, remuneration and social security | 45 | €43,126 | €33,145 | -€9,982 | -23.1% |
| Taxes | 450/3 | €31,536 | €19,460 | -€12,075 | -38.3% |
| Remuneration and social security | 454/9 | €11,591 | €13,684 | +€2,093 | +18.1% |
| Other amounts payable | 47/48 | €739,800 | €140,896 | -€598,904 | -81.0% |
| Remuneration, social security and pensions | 62 | €102,003 | €115,228 | +€13,224 | +13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,956 | €25,693 | -€263 | -1.0% |
| Other operating charges | 640/8 | €13,587 | €13,932 | +€345 | +2.5% |
| Gross operating margin | 9900 | €192,814 | €179,276 | -€13,538 | -7.0% |
| Operating profit (loss) | 9901 | €51,269 | €24,423 | -€26,845 | -52.4% |
| Financial income | 75/76B | €250,022 | €8,410 | -€241,611 | -96.6% |
| Recurring financial income | 75 | €24,517 | €8,410 | -€16,107 | -65.7% |
| Non-recurring financial income | 76B | €225,505 | - | -€225,505 | |
| Financial charges | 65/66B | €59,217 | €26,574 | -€32,643 | -55.1% |
| Recurring financial charges | 65 | €59,217 | €26,574 | -€32,643 | -55.1% |
| Profit (loss) for the period before taxes | 9903 | €242,073 | €6,260 | -€235,813 | -97.4% |
| Income taxes | 67/77 | €26,651 | - | -€26,651 | |
| Profit (loss) for the period | 9904 | €215,422 | €6,260 | -€209,162 | -97.1% |
| Profit (loss) for the period to be appropriated | 9905 | €215,422 | €6,260 | -€209,162 | -97.1% |
Source: filed annual accounts (NBB), financial years ended 28 February 2025 and 28 February 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.