JMC PHOTOGRAPHY: 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 PHOTOGRAPHY
Largest movements
- Tangible fixed assets -€32,438
down €32,438 (-4.0%), from €815,620 to €783,182
of which Land and buildings: -€24,683
- Debts after one year -€18,862
down €18,862 (-62.2%), from €30,316 to €11,454
- Other debts -€10,409
no longer reported in 2025 (was €10,409)
- Gross operating margin -€2,483
down €2,483 (-6.4%), from €39,061 to €36,578
- Depreciation +€1,246
up €1,246 (+3.4%), from €36,131 to €37,377
- Financial charges -€537
down €537 (-25.4%), from €2,113 to €1,576
- Taxes -€422
down €422 (-76.0%), from €555 to €133
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 | €860,887 | €828,637 | -€32,250 | -3.7% |
| Fixed assets | 21/28 | €815,620 | €783,182 | -€32,438 | -4.0% |
| Tangible fixed assets | 22/27 | €815,620 | €783,182 | -€32,438 | -4.0% |
| Land and buildings | 22 | €793,318 | €768,635 | -€24,683 | -3.1% |
| Plant, machinery and equipment | 23 | €9,119 | €3,530 | -€5,589 | -61.3% |
| Furniture and vehicles | 24 | €5,134 | €5,632 | +€497 | +9.7% |
| Leasing and similar rights | 25 | €8,048 | €5,386 | -€2,663 | -33.1% |
| Current assets | 29/58 | €45,267 | €45,455 | +€187 | +0.4% |
| Amounts receivable within one year | 40/41 | €3,408 | €1,015 | -€2,393 | -70.2% |
| Trade receivables | 40 | €3,408 | €1,015 | -€2,393 | -70.2% |
| Cash at bank and in hand | 54/58 | €40,591 | €44,064 | +€3,472 | +8.6% |
| Deferred charges and accrued income | 490/1 | €1,268 | €376 | -€891 | -70.3% |
| Total equity and liabilities | 10/49 | €860,887 | €828,637 | -€32,250 | -3.7% |
| Equity | 10/15 | €796,335 | €793,863 | -€2,472 | -0.3% |
| Contributions | 10/11 | €786,972 | €786,972 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,363 | €6,890 | -€2,472 | -26.4% |
| Amounts payable | 17/49 | €64,552 | €34,774 | -€29,778 | -46.1% |
| Amounts payable after more than one year | 17 | €30,316 | €11,454 | -€18,862 | -62.2% |
| Financial debts | 170/4 | €30,316 | €11,454 | -€18,862 | -62.2% |
| Amounts payable within one year | 42/48 | €34,236 | €23,320 | -€10,916 | -31.9% |
| Current portion of amounts payable after more than one year | 42 | €18,251 | €18,683 | +€432 | +2.4% |
| Trade debts | 44 | €3,588 | €3,651 | +€62 | +1.7% |
| Suppliers | 440/4 | €3,588 | €3,651 | +€62 | +1.7% |
| Taxes, remuneration and social security | 45 | €1,988 | €986 | -€1,001 | -50.4% |
| Taxes | 450/3 | €1,988 | €986 | -€1,001 | -50.4% |
| Other amounts payable | 47/48 | €10,409 | - | -€10,409 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,131 | €37,377 | +€1,246 | +3.4% |
| Other operating charges | 640/8 | €239 | €243 | +€5 | +2.1% |
| Gross operating margin | 9900 | €39,061 | €36,578 | -€2,483 | -6.4% |
| Operating profit (loss) | 9901 | €2,691 | -€1,043 | -€3,734 | |
| Financial income | 75/76B | - | €280 | +€280 | |
| Recurring financial income | 75 | - | €280 | +€280 | |
| Financial charges | 65/66B | €2,113 | €1,576 | -€537 | -25.4% |
| Recurring financial charges | 65 | €2,113 | €1,576 | -€537 | -25.4% |
| Profit (loss) for the period before taxes | 9903 | €578 | -€2,339 | -€2,917 | |
| Income taxes | 67/77 | €555 | €133 | -€422 | -76.0% |
| Profit (loss) for the period | 9904 | €23 | -€2,472 | -€2,495 | |
| Profit (loss) for the period to be appropriated | 9905 | €23 | -€2,472 | -€2,495 |
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 25 October 2026 via checked.be.