JMBOURG 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.
JMBOURG MANAGEMENT
Largest movements
- Receivables within one year +€14,529
up €14,529 (+26.5%), from €54,845 to €69,374
of which Trade receivables: +€10,000
- Deferred charges and accrued income -€4,029
down €4,029 (-74.8%), from €5,389 to €1,360
- Cash +€2,914
up €2,914 (+5.4%), from €53,542 to €56,457
mainly Net result for the year (+€20,031) and Deferred charges and accrued income (+€4,029)
- Reserves +€13,000
up €13,000 (+20.4%), from €63,860 to €76,860
- Tax, wage and social debts +€3,734
up €3,734 (+46.6%), from €8,010 to €11,743
- Gross operating margin +€9,761
up €9,761 (+43.5%), from €22,434 to €32,195
- Taxes +€2,884
up €2,884 (+39.7%), from €7,263 to €10,147
- Financial income -€959
down €959 (-41.5%), from €2,310 to €1,350
- Depreciation -€602
down €602 (-26.1%), from €2,310 to €1,708
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.
Derived cash bridge
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 | €188,966 | €201,517 | +€12,550 | +6.6% |
| Fixed assets | 21/28 | €69,343 | €68,478 | -€865 | -1.2% |
| Tangible fixed assets | 22/27 | €3,119 | €2,255 | -€865 | -27.7% |
| Furniture and vehicles | 24 | €1,482 | €1,315 | -€167 | -11.3% |
| Other tangible fixed assets | 26 | €1,638 | €940 | -€698 | -42.6% |
| Financial fixed assets | 28 | €66,223 | €66,223 | = | 0.0% |
| Current assets | 29/58 | €119,624 | €133,039 | +€13,415 | +11.2% |
| Amounts receivable after more than one year | 29 | €5,848 | €5,848 | = | 0.0% |
| Trade receivables | 290 | €5,848 | €5,848 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €54,845 | €69,374 | +€14,529 | +26.5% |
| Trade receivables | 40 | €38,520 | €48,520 | +€10,000 | +26.0% |
| Other amounts receivable | 41 | €16,325 | €20,854 | +€4,529 | +27.7% |
| Cash at bank and in hand | 54/58 | €53,542 | €56,457 | +€2,914 | +5.4% |
| Deferred charges and accrued income | 490/1 | €5,389 | €1,360 | -€4,029 | -74.8% |
| Total equity and liabilities | 10/49 | €188,966 | €201,517 | +€12,550 | +6.6% |
| Equity | 10/15 | €171,485 | €185,516 | +€14,031 | +8.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €63,860 | €76,860 | +€13,000 | +20.4% |
| Distributable reserves | 133 | €63,860 | €76,860 | +€13,000 | +20.4% |
| Profit (loss) carried forward | 14 | €101,425 | €102,456 | +€1,031 | +1.0% |
| Amounts payable | 17/49 | €17,481 | €16,001 | -€1,481 | -8.5% |
| Amounts payable after more than one year | 17 | €1,870 | - | -€1,870 | |
| Financial debts | 170/4 | €1,870 | - | -€1,870 | |
| Amounts payable within one year | 42/48 | €15,611 | €16,001 | +€390 | +2.5% |
| Current portion of amounts payable after more than one year | 42 | €3,130 | €1,870 | -€1,260 | -40.2% |
| Financial debts | 43 | €943 | - | -€943 | |
| Credit institutions | 430/8 | €943 | - | -€943 | |
| Trade debts | 44 | €3,528 | €2,387 | -€1,141 | -32.4% |
| Suppliers | 440/4 | €3,528 | €2,387 | -€1,141 | -32.4% |
| Taxes, remuneration and social security | 45 | €8,010 | €11,743 | +€3,734 | +46.6% |
| Taxes | 450/3 | €8,010 | €11,743 | +€3,734 | +46.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,310 | €1,708 | -€602 | -26.1% |
| Other operating charges | 640/8 | €888 | €913 | +€25 | +2.8% |
| Gross operating margin | 9900 | €22,434 | €32,195 | +€9,761 | +43.5% |
| Operating profit (loss) | 9901 | €19,237 | €29,575 | +€10,338 | +53.7% |
| Financial income | 75/76B | €2,310 | €1,350 | -€959 | -41.5% |
| Recurring financial income | 75 | €2,310 | €1,350 | -€959 | -41.5% |
| Financial charges | 65/66B | €788 | €747 | -€40 | -5.1% |
| Recurring financial charges | 65 | €788 | €747 | -€40 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | €20,759 | €30,178 | +€9,419 | +45.4% |
| Income taxes | 67/77 | €7,263 | €10,147 | +€2,884 | +39.7% |
| Profit (loss) for the period | 9904 | €13,496 | €20,031 | +€6,535 | +48.4% |
| Profit (loss) for the period to be appropriated | 9905 | €13,496 | €20,031 | +€6,535 | +48.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.