JMB MANAGEMENT: 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 MANAGEMENT
Largest movements
- Cash +€104,853
up €104,853 (+48.0%), from €218,489 to €323,342
mainly Net result for the year (+€79,403) and Receivables within one year (+€13,007)
- Receivables within one year -€13,007
down €13,007 (-16.7%), from €77,715 to €64,708
of which Trade receivables: -€11,914
- Reserves +€44,591
up €44,591 (+23.0%), from €193,933 to €238,524
- Profit (loss) carried forward +€34,811
no longer reported in 2025 (was -€34,811)
- Tax, wage and social debts +€7,401
up €7,401 (+682%), from €1,085 to €8,486
- Taxes +€29,874
up €29,874 (+2,660%), from €1,123 to €30,997
- Depreciation -€19,767
down €19,767 (-96.2%), from €20,554 to €786
- Gross operating margin +€12,260
up €12,260 (+12.3%), from €99,424 to €111,683
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 | €305,538 | €396,574 | +€91,037 | +29.8% |
| Fixed assets | 21/28 | €6,634 | €5,848 | -€786 | -11.9% |
| Tangible fixed assets | 22/27 | €1,150 | €364 | -€786 | -68.3% |
| Furniture and vehicles | 24 | €1,150 | €364 | -€786 | -68.3% |
| Financial fixed assets | 28 | €5,483 | €5,483 | = | 0.0% |
| Current assets | 29/58 | €298,904 | €390,727 | +€91,823 | +30.7% |
| Amounts receivable within one year | 40/41 | €77,715 | €64,708 | -€13,007 | -16.7% |
| Trade receivables | 40 | €54,300 | €42,387 | -€11,914 | -21.9% |
| Other amounts receivable | 41 | €23,414 | €22,321 | -€1,093 | -4.7% |
| Cash at bank and in hand | 54/58 | €218,489 | €323,342 | +€104,853 | +48.0% |
| Deferred charges and accrued income | 490/1 | €2,700 | €2,677 | -€23 | -0.9% |
| Total equity and liabilities | 10/49 | €305,538 | €396,574 | +€91,037 | +29.8% |
| Equity | 10/15 | €171,522 | €250,924 | +€79,403 | +46.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €193,933 | €238,524 | +€44,591 | +23.0% |
| Distributable reserves | 133 | €193,933 | €238,524 | +€44,591 | +23.0% |
| Profit (loss) carried forward | 14 | -€34,811 | - | +€34,811 | |
| Amounts payable | 17/49 | €134,016 | €145,650 | +€11,634 | +8.7% |
| Amounts payable within one year | 42/48 | €134,016 | €145,650 | +€11,634 | +8.7% |
| Trade debts | 44 | €777 | €2,259 | +€1,482 | +191% |
| Suppliers | 440/4 | €777 | €2,259 | +€1,482 | +191% |
| Taxes, remuneration and social security | 45 | €1,085 | €8,486 | +€7,401 | +682% |
| Taxes | 450/3 | €1,085 | €8,486 | +€7,401 | +682% |
| Other amounts payable | 47/48 | €132,153 | €134,904 | +€2,751 | +2.1% |
| Accrued charges and deferred income | 492/3 | - | €0 | +€0 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,554 | €786 | -€19,767 | -96.2% |
| Other operating charges | 640/8 | €437 | €463 | +€26 | +5.9% |
| Gross operating margin | 9900 | €99,424 | €111,683 | +€12,260 | +12.3% |
| Operating profit (loss) | 9901 | €78,433 | €110,434 | +€32,001 | +40.8% |
| Financial income | 75/76B | €127 | €301 | +€174 | +138% |
| Recurring financial income | 75 | €127 | €301 | +€174 | +138% |
| Financial charges | 65/66B | €272 | €336 | +€64 | +23.6% |
| Recurring financial charges | 65 | €272 | €336 | +€64 | +23.6% |
| Profit (loss) for the period before taxes | 9903 | €78,288 | €110,400 | +€32,112 | +41.0% |
| Income taxes | 67/77 | €1,123 | €30,997 | +€29,874 | +2,660% |
| Profit (loss) for the period | 9904 | €77,165 | €79,403 | +€2,238 | +2.9% |
| Profit (loss) for the period to be appropriated | 9905 | €77,165 | €79,403 | +€2,238 | +2.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.