JMC PIZZANIE: 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 PIZZANIE
Largest movements
- Cash +€89,575
up €89,575 (+64.4%), from €139,069 to €228,644
mainly Current investments (+€60,000) and Net result for the year (+€36,725)
- Current investments -€60,000
no longer reported in 2025 (was €60,000)
- Receivables within one year -€4,969
down €4,969 (-34.9%), from €14,253 to €9,284
of which Other amounts receivable: -€3,255
- Tangible fixed assets -€4,129
down €4,129 (-57.9%), from €7,128 to €2,999
of which Furniture and vehicles: -€2,417
- Reserves +€35,000
up €35,000 (+55.6%), from €63,000 to €98,000
- Current portion of long-term debt -€30,795
down €30,795 (-97.2%), from €31,688 to €893
- Other debts +€12,619
up €12,619 (+35.3%), from €35,782 to €48,401
- Financial charges +€52,660
up €52,660 (+1,577%), from €3,338 to €55,998
- Provisions -€36,434
down €36,434 (-95.2%), from €38,286 to €1,852
- Taxes -€8,197
down €8,197 (-42.8%), from €19,166 to €10,969
- Gross operating margin +€7,079
up €7,079 (+3.6%), from €194,889 to €201,968
- Staff costs -€5,996
down €5,996 (-6.1%), from €98,249 to €92,253
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 | €236,358 | €257,758 | +€21,400 | +9.1% |
| Fixed assets | 21/28 | €20,645 | €16,516 | -€4,129 | -20.0% |
| Tangible fixed assets | 22/27 | €7,128 | €2,999 | -€4,129 | -57.9% |
| Plant, machinery and equipment | 23 | €3,129 | €1,729 | -€1,400 | -44.7% |
| Furniture and vehicles | 24 | €3,406 | €989 | -€2,417 | -71.0% |
| Other tangible fixed assets | 26 | €593 | €281 | -€312 | -52.7% |
| Financial fixed assets | 28 | €13,517 | €13,517 | = | 0.0% |
| Current assets | 29/58 | €215,712 | €241,241 | +€25,529 | +11.8% |
| Amounts receivable within one year | 40/41 | €14,253 | €9,284 | -€4,969 | -34.9% |
| Trade receivables | 40 | €2,141 | €428 | -€1,714 | -80.0% |
| Other amounts receivable | 41 | €12,111 | €8,856 | -€3,255 | -26.9% |
| Current investments | 50/53 | €60,000 | - | -€60,000 | |
| Cash at bank and in hand | 54/58 | €139,069 | €228,644 | +€89,575 | +64.4% |
| Deferred charges and accrued income | 490/1 | €2,390 | €3,313 | +€923 | +38.6% |
| Total equity and liabilities | 10/49 | €236,358 | €257,758 | +€21,400 | +9.1% |
| Equity | 10/15 | €88,267 | €124,992 | +€36,725 | +41.6% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €63,000 | €98,000 | +€35,000 | +55.6% |
| Distributable reserves | 133 | €63,000 | €98,000 | +€35,000 | +55.6% |
| Profit (loss) carried forward | 14 | €267 | €1,992 | +€1,725 | +647% |
| Provisions and deferred taxes | 16 | €38,286 | €40,138 | +€1,852 | +4.8% |
| Provisions for liabilities and charges | 160/5 | €38,286 | €40,138 | +€1,852 | +4.8% |
| Other liabilities and charges | 164/5 | €38,286 | €40,138 | +€1,852 | +4.8% |
| Amounts payable | 17/49 | €109,805 | €92,627 | -€17,177 | -15.6% |
| Amounts payable within one year | 42/48 | €109,741 | €92,560 | -€17,180 | -15.7% |
| Current portion of amounts payable after more than one year | 42 | €31,688 | €893 | -€30,795 | -97.2% |
| Trade debts | 44 | €28,906 | €29,271 | +€365 | +1.3% |
| Suppliers | 440/4 | €28,906 | €29,271 | +€365 | +1.3% |
| Taxes, remuneration and social security | 45 | €13,365 | €13,996 | +€631 | +4.7% |
| Taxes | 450/3 | €2,832 | €3,423 | +€592 | +20.9% |
| Remuneration and social security | 454/9 | €10,533 | €10,573 | +€39 | +0.4% |
| Other amounts payable | 47/48 | €35,782 | €48,401 | +€12,619 | +35.3% |
| Accrued charges and deferred income | 492/3 | €64 | €67 | +€3 | +5.0% |
| Remuneration, social security and pensions | 62 | €98,249 | €92,253 | -€5,996 | -6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,453 | €4,129 | +€676 | +19.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €38,286 | €1,852 | -€36,434 | -95.2% |
| Other operating charges | 640/8 | €1,730 | €1,737 | +€7 | +0.4% |
| Gross operating margin | 9900 | €194,889 | €201,968 | +€7,079 | +3.6% |
| Operating profit (loss) | 9901 | €53,171 | €101,997 | +€48,826 | +91.8% |
| Financial income | 75/76B | €1,764 | €1,695 | -€69 | -3.9% |
| Recurring financial income | 75 | €1,764 | €1,695 | -€69 | -3.9% |
| Financial charges | 65/66B | €3,338 | €55,998 | +€52,660 | +1,577% |
| Recurring financial charges | 65 | €3,338 | €55,998 | +€52,660 | +1,577% |
| Profit (loss) for the period before taxes | 9903 | €51,596 | €47,694 | -€3,902 | -7.6% |
| Income taxes | 67/77 | €19,166 | €10,969 | -€8,197 | -42.8% |
| Profit (loss) for the period | 9904 | €32,430 | €36,725 | +€4,295 | +13.2% |
| Profit (loss) for the period to be appropriated | 9905 | €32,430 | €36,725 | +€4,295 | +13.2% |
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 19 October 2026 via checked.be.