JMBA: 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.
What changed
JMBA
NACE 47.551, Retail sale of household furniture
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€151,034
2024 · €110,587+€40,447
Equity
€157,180
2024 · €156,146+€1,034
Cash
€172,027
2024 · €167,073+€4,954
Balance sheet total
€1.4m
2024 · €1.1m+€224,408
Largest movements
Assets
- Receivables within one year +€100,203
up €100,203 (+26.1%), from €383,463 to €483,666
of which Trade receivables: +€101,651
- Current investments +€85,000
up €85,000 (+34.0%), from €250,000 to €335,000
- Stocks and contracts +€32,376
up €32,376 (+14.2%), from €227,853 to €260,229
Equity and liabilities
- Advances received +€175,302
up €175,302 (+27.0%), from €648,709 to €824,011
- Other debts +€49,787
up €49,787 (+49.3%), from €100,973 to €150,760
Income statement
- Gross operating margin +€49,172
up €49,172 (+6.8%), from €726,322 to €775,494
- Staff costs -€43,352
down €43,352 (-6.7%), from €645,762 to €602,410
- Write-downs +€33,275
up €33,275, from -€32,585 to €690
- Taxes +€12,989
up €12,989 (+32.6%), from €39,814 to €52,802
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.
Result 2024
€110,587
Gross operating margin
+€49,172
Staff costs
+€43,352
Depreciation
+€6,117
Write-downs
-€33,275
Other operating charges
-€4,510
Financial income
-€7,475
Financial charges
+€53
Taxes
-€12,989
Result 2025
€151,034
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.
From operations
+€289,160
Investment
-€134,206
Financing
-€150,000
Cash 2024
€167,073
From operations (derived)
+€289,160
Net result for the year
+€151,034
Depreciation
+€52,562
Stocks and contracts
-€32,376
Receivables within one year
-€100,203
Deferred charges and accrued income
-€5,232
Trade debts
+€504
Tax, wage and social debts
-€2,035
Advances received
+€175,302
Other debts
+€49,787
Accrued charges and deferred income
-€184
Investment (derived)
-€134,206
Investment in fixed assets (net)
-€49,206
Current investments
-€85,000
Financing
-€150,000
Contributions, distributions and other
-€150,000
Cash 2025
€172,027
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,134,272 | €1,358,680 | +€224,408 | +19.8% |
| Fixed assets | 21/28 | €78,708 | €75,351 | -€3,357 | -4.3% |
| Intangible fixed assets | 21 | €169 | €85 | -€85 | -50.1% |
| Tangible fixed assets | 22/27 | €78,423 | €75,266 | -€3,157 | -4.0% |
| Plant, machinery and equipment | 23 | €8,445 | €46,050 | +€37,605 | +445.3% |
| Furniture and vehicles | 24 | €36,862 | €19,325 | -€17,537 | -47.6% |
| Other tangible fixed assets | 26 | €33,116 | €9,892 | -€23,225 | -70.1% |
| Financial fixed assets | 28 | €115 | - | -€115 | |
| Current assets | 29/58 | €1,055,564 | €1,283,329 | +€227,765 | +21.6% |
| Stocks and contracts in progress | 3 | €227,853 | €260,229 | +€32,376 | +14.2% |
| Stocks | 30/36 | €227,853 | €260,229 | +€32,376 | +14.2% |
| Amounts receivable within one year | 40/41 | €383,463 | €483,666 | +€100,203 | +26.1% |
| Trade receivables | 40 | €369,390 | €471,041 | +€101,651 | +27.5% |
| Other amounts receivable | 41 | €14,073 | €12,624 | -€1,449 | -10.3% |
| Current investments | 50/53 | €250,000 | €335,000 | +€85,000 | +34.0% |
| Cash at bank and in hand | 54/58 | €167,073 | €172,027 | +€4,954 | +3.0% |
| Deferred charges and accrued income | 490/1 | €27,176 | €32,407 | +€5,232 | +19.3% |
| Total equity and liabilities | 10/49 | €1,134,272 | €1,358,680 | +€224,408 | +19.8% |
| Equity | 10/15 | €156,146 | €157,180 | +€1,034 | +0.7% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,146 | €47,180 | +€1,034 | +2.2% |
| Amounts payable | 17/49 | €978,126 | €1,201,500 | +€223,374 | +22.8% |
| Amounts payable within one year | 42/48 | €974,459 | €1,198,017 | +€223,558 | +22.9% |
| Trade debts | 44 | €149,825 | €150,329 | +€504 | +0.3% |
| Suppliers | 440/4 | €149,825 | €150,329 | +€504 | +0.3% |
| Advances received on contracts in progress | 46 | €648,709 | €824,011 | +€175,302 | +27.0% |
| Taxes, remuneration and social security | 45 | €74,953 | €72,918 | -€2,035 | -2.7% |
| Taxes | 450/3 | €9,611 | €16,408 | +€6,797 | +70.7% |
| Remuneration and social security | 454/9 | €65,342 | €56,510 | -€8,832 | -13.5% |
| Other amounts payable | 47/48 | €100,973 | €150,760 | +€49,787 | +49.3% |
| Accrued charges and deferred income | 492/3 | €3,667 | €3,483 | -€184 | -5.0% |
| Remuneration, social security and pensions | 62 | €645,762 | €602,410 | -€43,352 | -6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,679 | €52,562 | -€6,117 | -10.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€32,585 | €690 | +€33,275 | |
| Other operating charges | 640/8 | €4,673 | €9,183 | +€4,510 | +96.5% |
| Gross operating margin | 9900 | €726,322 | €775,494 | +€49,172 | +6.8% |
| Operating profit (loss) | 9901 | €49,793 | €110,650 | +€60,857 | +122.2% |
| Financial income | 75/76B | €101,810 | €94,335 | -€7,475 | -7.3% |
| Recurring financial income | 75 | €101,810 | €94,335 | -€7,475 | -7.3% |
| Financial charges | 65/66B | €1,202 | €1,148 | -€53 | -4.4% |
| Recurring financial charges | 65 | €1,202 | €1,148 | -€53 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | €150,401 | €203,836 | +€53,436 | +35.5% |
| Income taxes | 67/77 | €39,814 | €52,802 | +€12,989 | +32.6% |
| Profit (loss) for the period | 9904 | €110,587 | €151,034 | +€40,447 | +36.6% |
| Profit (loss) for the period to be appropriated | 9905 | €110,587 | €151,034 | +€40,447 | +36.6% |
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 12 October 2026 via checked.be.