JMC Placements: 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 Placements
Largest movements
- Tangible fixed assets +€188,189
up €188,189 (+46.3%), from €406,281 to €594,470
of which Land and buildings: +€280,647
- Cash +€54,291
up €54,291 (+38.2%), from €142,118 to €196,409
mainly Debts after one year (+€235,276) and Depreciation (+€64,328)
- Receivables within one year -€48,215
down €48,215 (-68.8%), from €70,043 to €21,829
of which Other amounts receivable: -€45,527
- Debts after one year +€235,276
new in 2025: €235,276
- Reserves -€70,384
down €70,384 (-18.0%), from €390,921 to €320,537
of which Distributable reserves: -€70,384
- Depreciation +€34,349
up €34,349 (+115%), from €29,979 to €64,328
- Taxes +€17,714
up €17,714, from -€17,538 to €176
- Gross operating margin +€11,387
up €11,387, from -€3,386 to €8,001
- Financial charges +€6,123
up €6,123 (+1,008%), from €607 to €6,730
of which Financial charges: +€6,129
- Other operating charges +€3,055
up €3,055 (+106%), from €2,894 to €5,948
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 | €1,223,753 | €1,412,787 | +€189,034 | +15.4% |
| Fixed assets | 21/28 | €1,006,281 | €1,194,470 | +€188,189 | +18.7% |
| Tangible fixed assets | 22/27 | €406,281 | €594,470 | +€188,189 | +46.3% |
| Land and buildings | 22 | €279,359 | €560,006 | +€280,647 | +100% |
| Plant, machinery and equipment | 23 | €81,647 | €16,999 | -€64,648 | -79.2% |
| Furniture and vehicles | 24 | €45,275 | €17,465 | -€27,810 | -61.4% |
| Financial fixed assets | 28 | €600,000 | €600,000 | = | 0.0% |
| Current assets | 29/58 | €217,472 | €218,317 | +€845 | +0.4% |
| Amounts receivable within one year | 40/41 | €70,043 | €21,829 | -€48,215 | -68.8% |
| Trade receivables | 40 | €11,038 | €8,351 | -€2,688 | -24.3% |
| Other amounts receivable | 41 | €59,005 | €13,478 | -€45,527 | -77.2% |
| Cash at bank and in hand | 54/58 | €142,118 | €196,409 | +€54,291 | +38.2% |
| Deferred charges and accrued income | 490/1 | €5,310 | €79 | -€5,231 | -98.5% |
| Total equity and liabilities | 10/49 | €1,223,753 | €1,412,787 | +€189,034 | +15.4% |
| Equity | 10/15 | €409,521 | €339,137 | -€70,384 | -17.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €390,921 | €320,537 | -€70,384 | -18.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €389,061 | €318,677 | -€70,384 | -18.1% |
| Amounts payable | 17/49 | €814,232 | €1,073,650 | +€259,418 | +31.9% |
| Amounts payable after more than one year | 17 | - | €235,276 | +€235,276 | |
| Financial debts | 170/4 | - | €235,276 | +€235,276 | |
| Amounts payable within one year | 42/48 | €814,232 | €835,885 | +€21,653 | +2.7% |
| Current portion of amounts payable after more than one year | 42 | - | €13,268 | +€13,268 | |
| Trade debts | 44 | €10,744 | €8,072 | -€2,672 | -24.9% |
| Suppliers | 440/4 | €10,744 | €8,072 | -€2,672 | -24.9% |
| Taxes, remuneration and social security | 45 | €140 | €316 | +€176 | +126% |
| Taxes | 450/3 | €140 | €316 | +€176 | +126% |
| Other amounts payable | 47/48 | €803,349 | €814,230 | +€10,881 | +1.4% |
| Accrued charges and deferred income | 492/3 | - | €2,489 | +€2,489 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,979 | €64,328 | +€34,349 | +115% |
| Other operating charges | 640/8 | €2,894 | €5,948 | +€3,055 | +106% |
| Non-recurring operating charges | 66A | - | €1,202 | +€1,202 | |
| Gross operating margin | 9900 | -€3,386 | €8,001 | +€11,387 | |
| Operating profit (loss) | 9901 | -€36,259 | -€63,477 | -€27,218 | -75.1% |
| Financial charges | 65/66B | €607 | €6,730 | +€6,123 | +1,008% |
| Recurring financial charges | 65 | €601 | €6,730 | +€6,129 | +1,019% |
| Non-recurring financial charges | 66B | €6 | - | -€6 | |
| Profit (loss) for the period before taxes | 9903 | -€36,866 | -€70,207 | -€33,341 | -90.4% |
| Income taxes | 67/77 | -€17,538 | €176 | +€17,714 | |
| Profit (loss) for the period | 9904 | -€19,329 | -€70,384 | -€51,055 | -264% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,329 | -€70,384 | -€51,055 | -264% |
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 17 October 2026 via checked.be.