JMC PROJECT MANAGEMENT: 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 PROJECT MANAGEMENT
Largest movements
- Cash +€91,609
up €91,609 (+238%), from €38,495 to €130,104
mainly Net result for the year (+€94,402) and Receivables after one year (+€69,700)
- Receivables after one year -€69,700
down €69,700 (-96.3%), from €72,400 to €2,700
- Receivables within one year +€13,763
up €13,763 (+35.3%), from €38,979 to €52,742
of which Other amounts receivable: +€22,911
- Tangible fixed assets +€3,768
up €3,768 (+238%), from €1,586 to €5,354
of which Plant, machinery and equipment: +€4,712
- Profit (loss) carried forward +€45,925
no longer reported in 2025 (was -€45,925)
- Other debts -€37,410
down €37,410 (-51.0%), from €73,371 to €35,961
- Tax, wage and social debts +€32,552
up €32,552 (+112%), from €28,990 to €61,543
of which Taxes: +€29,509
- Reserves +€12,527
up €12,527 (+26.1%), from €48,061 to €60,588
of which Distributable reserves: +€12,527
- Short-term financial debts +€10,623
new in 2025: €10,623
- Gross operating margin +€100,762
up €100,762 (+233%), from €43,178 to €143,940
- Taxes +€29,072
up €29,072 (+202%), from €14,424 to €43,496
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 | €151,609 | €191,082 | +€39,473 | +26.0% |
| Fixed assets | 21/28 | €1,586 | €5,354 | +€3,768 | +238% |
| Tangible fixed assets | 22/27 | €1,586 | €5,354 | +€3,768 | +238% |
| Plant, machinery and equipment | 23 | €642 | €5,354 | +€4,712 | +734% |
| Furniture and vehicles | 24 | €944 | - | -€944 | |
| Current assets | 29/58 | €150,023 | €185,727 | +€35,704 | +23.8% |
| Amounts receivable after more than one year | 29 | €72,400 | €2,700 | -€69,700 | -96.3% |
| Other amounts receivable | 291 | €72,400 | €2,700 | -€69,700 | -96.3% |
| Amounts receivable within one year | 40/41 | €38,979 | €52,742 | +€13,763 | +35.3% |
| Trade receivables | 40 | €35,384 | €26,237 | -€9,148 | -25.9% |
| Other amounts receivable | 41 | €3,594 | €26,506 | +€22,911 | +637% |
| Cash at bank and in hand | 54/58 | €38,495 | €130,104 | +€91,609 | +238% |
| Deferred charges and accrued income | 490/1 | €149 | €181 | +€32 | +21.6% |
| Total equity and liabilities | 10/49 | €151,609 | €191,082 | +€39,473 | +26.0% |
| Equity | 10/15 | €8,335 | €66,788 | +€58,452 | +701% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €48,061 | €60,588 | +€12,527 | +26.1% |
| Tax-exempt reserves | 132 | €4,100 | €4,100 | = | 0.0% |
| Distributable reserves | 133 | €43,960 | €56,487 | +€12,527 | +28.5% |
| Profit (loss) carried forward | 14 | -€45,925 | - | +€45,925 | |
| Amounts payable | 17/49 | €143,274 | €124,294 | -€18,980 | -13.2% |
| Amounts payable after more than one year | 17 | €6,558 | - | -€6,558 | |
| Financial debts | 170/4 | €6,558 | - | -€6,558 | |
| Amounts payable within one year | 42/48 | €136,716 | €124,294 | -€12,422 | -9.1% |
| Current portion of amounts payable after more than one year | 42 | €15,390 | €6,529 | -€8,862 | -57.6% |
| Financial debts | 43 | - | €10,623 | +€10,623 | |
| Credit institutions | 430/8 | - | €10,623 | +€10,623 | |
| Trade debts | 44 | €18,964 | €9,639 | -€9,325 | -49.2% |
| Suppliers | 440/4 | €18,964 | €9,639 | -€9,325 | -49.2% |
| Taxes, remuneration and social security | 45 | €28,990 | €61,543 | +€32,552 | +112% |
| Taxes | 450/3 | €28,990 | €58,499 | +€29,509 | +102% |
| Remuneration and social security | 454/9 | - | €3,044 | +€3,044 | |
| Other amounts payable | 47/48 | €73,371 | €35,961 | -€37,410 | -51.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,671 | €2,023 | +€353 | +21.1% |
| Other operating charges | 640/8 | €1,498 | €1,281 | -€217 | -14.5% |
| Gross operating margin | 9900 | €43,178 | €143,940 | +€100,762 | +233% |
| Operating profit (loss) | 9901 | €40,010 | €140,636 | +€100,626 | +252% |
| Financial income | 75/76B | €1,428 | €1,313 | -€115 | -8.1% |
| Recurring financial income | 75 | €1,428 | €1,313 | -€115 | -8.1% |
| Financial charges | 65/66B | €4,323 | €4,051 | -€272 | -6.3% |
| Recurring financial charges | 65 | €4,323 | €4,051 | -€272 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €37,115 | €137,899 | +€100,784 | +272% |
| Income taxes | 67/77 | €14,424 | €43,496 | +€29,072 | +202% |
| Profit (loss) for the period | 9904 | €22,691 | €94,402 | +€71,711 | +316% |
| Profit (loss) for the period to be appropriated | 9905 | €22,691 | €94,402 | +€71,711 | +316% |
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 20 October 2026 via checked.be.