JMC 289: 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.
JMC 289
Largest movements
- Tangible fixed assets -€28,793
down €28,793 (-4.5%), from €640,868 to €612,075
- Profit (loss) carried forward -€37,849
down €37,849 (-183%), from -€20,715 to -€58,564
- Gross operating margin -€23,031
down €23,031, from €19,447 to -€3,584
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 | €647,362 | €612,535 | -€34,827 | -5.4% |
| Fixed assets | 21/28 | €640,868 | €612,075 | -€28,793 | -4.5% |
| Tangible fixed assets | 22/27 | €640,868 | €612,075 | -€28,793 | -4.5% |
| Land and buildings | 22 | €640,868 | €612,075 | -€28,793 | -4.5% |
| Current assets | 29/58 | €6,494 | €460 | -€6,034 | -92.9% |
| Cash at bank and in hand | 54/58 | €2,102 | €133 | -€1,969 | -93.7% |
| Deferred charges and accrued income | 490/1 | €4,392 | €327 | -€4,065 | -92.6% |
| Total equity and liabilities | 10/49 | €647,362 | €612,535 | -€34,827 | -5.4% |
| Equity | 10/15 | €265,918 | €228,069 | -€37,849 | -14.2% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €36,633 | €36,633 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €36,633 | €36,633 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,715 | -€58,564 | -€37,849 | -183% |
| Amounts payable | 17/49 | €381,444 | €384,465 | +€3,022 | +0.8% |
| Amounts payable within one year | 42/48 | €381,444 | €384,465 | +€3,022 | +0.8% |
| Trade debts | 44 | €741 | €762 | +€22 | +2.9% |
| Suppliers | 440/4 | €741 | €762 | +€22 | +2.9% |
| Other amounts payable | 47/48 | €380,703 | €383,703 | +€3,000 | +0.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,793 | €28,793 | = | 0.0% |
| Other operating charges | 640/8 | €5,212 | €5,312 | +€100 | +1.9% |
| Gross operating margin | 9900 | €19,447 | -€3,584 | -€23,031 | |
| Operating profit (loss) | 9901 | -€14,557 | -€37,688 | -€23,131 | -159% |
| Financial charges | 65/66B | €219 | €160 | -€59 | -26.8% |
| Recurring financial charges | 65 | €219 | €160 | -€59 | -26.8% |
| Profit (loss) for the period before taxes | 9903 | -€14,776 | -€37,849 | -€23,072 | -156% |
| Profit (loss) for the period | 9904 | -€14,776 | -€37,849 | -€23,072 | -156% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,776 | -€37,849 | -€23,072 | -156% |
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 28 October 2026 via checked.be.