JMC: 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.
JMC
Largest movements
- Current investments +€35,000
new in 2025: €35,000
- Cash -€20,681
down €20,681 (-19.3%), from €107,299 to €86,617
mainly Current investments (-€35,000) and Debts after one year (-€14,505)
- Receivables within one year -€9,633
down €9,633 (-8.5%), from €112,765 to €103,132
of which Other amounts receivable: -€6,576
- Tangible fixed assets -€7,367
down €7,367 (-3.9%), from €190,875 to €183,508
of which Land and buildings: -€6,265
- Debts after one year -€14,505
down €14,505 (-94.1%), from €15,412 to €907
- Profit (loss) carried forward +€10,290
new in 2025: €10,290
- Depreciation -€19,981
down €19,981 (-67.8%), from €29,459 to €9,478
- Gross operating margin +€7,228
up €7,228 (+42.8%), from €16,903 to €24,130
- Financial income +€1,561
up €1,561 (+1950925.0%), from €0 to €1,561
- Taxes +€1,520
up €1,520 (+661.7%), from €230 to €1,750
- Other operating charges +€435
up €435 (+31.3%), from €1,391 to €1,825
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 | €417,322 | €415,084 | -€2,238 | -0.5% |
| Fixed assets | 21/28 | €190,875 | €183,508 | -€7,367 | -3.9% |
| Tangible fixed assets | 22/27 | €190,875 | €183,508 | -€7,367 | -3.9% |
| Land and buildings | 22 | €156,708 | €150,443 | -€6,265 | -4.0% |
| Plant, machinery and equipment | 23 | €33,946 | €32,197 | -€1,749 | -5.2% |
| Furniture and vehicles | 24 | €221 | €868 | +€647 | +293.5% |
| Current assets | 29/58 | €226,446 | €231,576 | +€5,129 | +2.3% |
| Amounts receivable within one year | 40/41 | €112,765 | €103,132 | -€9,633 | -8.5% |
| Trade receivables | 40 | €26,965 | €23,908 | -€3,057 | -11.3% |
| Other amounts receivable | 41 | €85,801 | €79,225 | -€6,576 | -7.7% |
| Current investments | 50/53 | - | €35,000 | +€35,000 | |
| Cash at bank and in hand | 54/58 | €107,299 | €86,617 | -€20,681 | -19.3% |
| Deferred charges and accrued income | 490/1 | €6,383 | €6,826 | +€444 | +6.9% |
| Total equity and liabilities | 10/49 | €417,322 | €415,084 | -€2,238 | -0.5% |
| Equity | 10/15 | €366,981 | €377,271 | +€10,290 | +2.8% |
| Contributions | 10/11 | €600 | €600 | = | 0.0% |
| Reserves | 13 | €366,381 | €366,381 | = | 0.0% |
| Distributable reserves | 133 | €366,381 | €366,381 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €10,290 | +€10,290 | |
| Amounts payable | 17/49 | €50,341 | €37,813 | -€12,528 | -24.9% |
| Amounts payable after more than one year | 17 | €15,412 | €907 | -€14,505 | -94.1% |
| Financial debts | 170/4 | €15,412 | €907 | -€14,505 | -94.1% |
| Amounts payable within one year | 42/48 | €34,929 | €36,906 | +€1,977 | +5.7% |
| Current portion of amounts payable after more than one year | 42 | €11,604 | €13,537 | +€1,933 | +16.7% |
| Trade debts | 44 | €18,820 | €18,238 | -€582 | -3.1% |
| Suppliers | 440/4 | €18,820 | €18,238 | -€582 | -3.1% |
| Taxes, remuneration and social security | 45 | €4,334 | €4,960 | +€626 | +14.4% |
| Taxes | 450/3 | €2,334 | €2,960 | +€626 | +26.8% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €171 | €171 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,459 | €9,478 | -€19,981 | -67.8% |
| Other operating charges | 640/8 | €1,391 | €1,825 | +€435 | +31.3% |
| Gross operating margin | 9900 | €16,903 | €24,130 | +€7,228 | +42.8% |
| Operating profit (loss) | 9901 | -€13,947 | €12,827 | +€26,774 | |
| Financial income | 75/76B | €0 | €1,561 | +€1,561 | +1950925.0% |
| Recurring financial income | 75 | €0 | €1,561 | +€1,561 | +1950925.0% |
| Financial charges | 65/66B | €2,014 | €2,348 | +€334 | +16.6% |
| Recurring financial charges | 65 | €2,014 | €2,348 | +€334 | +16.6% |
| Profit (loss) for the period before taxes | 9903 | -€15,961 | €12,040 | +€28,001 | |
| Income taxes | 67/77 | €230 | €1,750 | +€1,520 | +661.7% |
| Profit (loss) for the period | 9904 | -€16,190 | €10,290 | +€26,480 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,190 | €10,290 | +€26,480 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.