JMB REPRESENTATIONS: 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 REPRESENTATIONS
Largest movements
- Stocks and contracts -€13,443
down €13,443 (-42.1%), from €31,959 to €18,516
- Tangible fixed assets -€7,482
down €7,482 (-34.7%), from €21,548 to €14,066
of which Furniture and vehicles: -€7,303
- Receivables within one year +€5,371
up €5,371 (+17.9%), from €29,985 to €35,356
of which Trade receivables: +€3,046
- Cash -€4,955
down €4,955 (-28.2%), from €17,593 to €12,638
mainly Trade debts (-€21,219) and Debts after one year (-€5,632)
- Trade debts -€21,219
down €21,219 (-51.1%), from €41,496 to €20,277
- Tax, wage and social debts +€6,056
up €6,056 (+154.0%), from €3,932 to €9,988
- Debts after one year -€5,632
down €5,632 (-51.3%), from €10,973 to €5,341
- Current portion of long-term debt +€4,197
up €4,197 (+77.2%), from €5,435 to €9,632
- Profit (loss) carried forward -€3,730
down €3,730 (-93.5%), from -€3,988 to -€7,718
- Gross operating margin -€8,715
down €8,715 (-58.5%), from €14,899 to €6,184
- Depreciation +€6,584
up €6,584 (+733.9%), from €897 to €7,482
- Financial income +€3,343
up €3,343 (+954.0%), from €350 to €3,693
- Taxes -€3,061
down €3,061 (-54.6%), from €5,605 to €2,544
- Financial charges +€1,007
up €1,007 (+139.4%), from €722 to €1,729
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 | €106,662 | €86,334 | -€20,328 | -19.1% |
| Fixed assets | 21/28 | €21,548 | €14,066 | -€7,482 | -34.7% |
| Tangible fixed assets | 22/27 | €21,548 | €14,066 | -€7,482 | -34.7% |
| Furniture and vehicles | 24 | €21,190 | €13,887 | -€7,303 | -34.5% |
| Other tangible fixed assets | 26 | €358 | €179 | -€179 | -50.0% |
| Current assets | 29/58 | €85,114 | €72,268 | -€12,847 | -15.1% |
| Stocks and contracts in progress | 3 | €31,959 | €18,516 | -€13,443 | -42.1% |
| Stocks | 30/36 | €31,959 | €18,516 | -€13,443 | -42.1% |
| Amounts receivable within one year | 40/41 | €29,985 | €35,356 | +€5,371 | +17.9% |
| Trade receivables | 40 | €15,892 | €18,938 | +€3,046 | +19.2% |
| Other amounts receivable | 41 | €14,093 | €16,418 | +€2,325 | +16.5% |
| Cash at bank and in hand | 54/58 | €17,593 | €12,638 | -€4,955 | -28.2% |
| Deferred charges and accrued income | 490/1 | €5,578 | €5,758 | +€180 | +3.2% |
| Total equity and liabilities | 10/49 | €106,662 | €86,334 | -€20,328 | -19.1% |
| Equity | 10/15 | €44,826 | €41,097 | -€3,730 | -8.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €30,214 | €30,214 | = | 0.0% |
| Distributable reserves | 133 | €30,214 | €30,214 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,988 | -€7,718 | -€3,730 | -93.5% |
| Amounts payable | 17/49 | €61,836 | €45,237 | -€16,599 | -26.8% |
| Amounts payable after more than one year | 17 | €10,973 | €5,341 | -€5,632 | -51.3% |
| Financial debts | 170/4 | €10,973 | €5,341 | -€5,632 | -51.3% |
| Amounts payable within one year | 42/48 | €50,863 | €39,896 | -€10,967 | -21.6% |
| Current portion of amounts payable after more than one year | 42 | €5,435 | €9,632 | +€4,197 | +77.2% |
| Trade debts | 44 | €41,496 | €20,277 | -€21,219 | -51.1% |
| Suppliers | 440/4 | €41,496 | €20,277 | -€21,219 | -51.1% |
| Taxes, remuneration and social security | 45 | €3,932 | €9,988 | +€6,056 | +154.0% |
| Taxes | 450/3 | €3,932 | €9,988 | +€6,056 | +154.0% |
| Non-recurring operating income | 76A | €3,298 | €0 | -€3,298 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €897 | €7,482 | +€6,584 | +733.9% |
| Other operating charges | 640/8 | €2,069 | €1,853 | -€217 | -10.5% |
| Gross operating margin | 9900 | €14,899 | €6,184 | -€8,715 | -58.5% |
| Operating profit (loss) | 9901 | €11,932 | -€3,150 | -€15,082 | |
| Financial income | 75/76B | €350 | €3,693 | +€3,343 | +954.0% |
| Recurring financial income | 75 | €350 | €3,693 | +€3,343 | +954.0% |
| Financial charges | 65/66B | €722 | €1,729 | +€1,007 | +139.4% |
| Recurring financial charges | 65 | €722 | €1,729 | +€1,007 | +139.4% |
| Profit (loss) for the period before taxes | 9903 | €11,561 | -€1,186 | -€12,746 | |
| Income taxes | 67/77 | €5,605 | €2,544 | -€3,061 | -54.6% |
| Profit (loss) for the period | 9904 | €5,956 | -€3,730 | -€9,685 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,956 | -€3,730 | -€9,685 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.