JMCK: what changed
Two fiscal 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.
JMCK
Largest movements
- Tangible fixed assets -€34,918
down €34,918 (-23.9%), from €145,795 to €110,877
- Cash +€22,225
up €22,225 (+490.7%), from €4,529 to €26,754
mainly Depreciation (+€36,288) and Net result for the year (+€31,071)
- Receivables within one year -€6,067
down €6,067 (-57.4%), from €10,567 to €4,500
- Stocks and contracts +€2,047
up €2,047 (+15.1%), from €13,598 to €15,645
- Debts after one year -€50,438
down €50,438 (-38.9%), from €129,591 to €79,153
- Profit (loss) carried forward +€31,071
up €31,071, from -€25,931 to €5,140
- Other debts +€6,000
new in 2025: €6,000
- Trade debts -€2,516
down €2,516 (-8.7%), from €28,964 to €26,448
- Tax, wage and social debts -€2,258
down €2,258 (-17.6%), from €12,796 to €10,538
of which Remuneration and social security: -€3,541
- Gross operating margin +€21,235
up €21,235 (+13.6%), from €156,437 to €177,672
- Depreciation -€4,791
down €4,791 (-11.7%), from €41,079 to €36,288
- Financial charges -€2,661
down €2,661 (-31.5%), from €8,448 to €5,787
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.
Cash bridge derived
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 | €194,438 | €176,025 | -€18,413 | -9.5% |
| Formation expenses | 20 | €195 | €0 | -€195 | -100.0% |
| Fixed assets | 21/28 | €164,521 | €128,341 | -€36,180 | -22.0% |
| Intangible fixed assets | 21 | €1,262 | €0 | -€1,262 | -100.0% |
| Tangible fixed assets | 22/27 | €145,795 | €110,877 | -€34,918 | -23.9% |
| Plant, machinery and equipment | 23 | €62,460 | €46,737 | -€15,722 | -25.2% |
| Furniture and vehicles | 24 | €28,783 | €21,243 | -€7,540 | -26.2% |
| Other tangible fixed assets | 26 | €54,553 | €42,897 | -€11,656 | -21.4% |
| Financial fixed assets | 28 | €17,464 | €17,464 | = | 0.0% |
| Current assets | 29/58 | €29,722 | €47,684 | +€17,962 | +60.4% |
| Stocks and contracts in progress | 3 | €13,598 | €15,645 | +€2,047 | +15.1% |
| Stocks | 30/36 | €13,598 | €15,645 | +€2,047 | +15.1% |
| Amounts receivable within one year | 40/41 | €10,567 | €4,500 | -€6,067 | -57.4% |
| Trade receivables | 40 | €10,567 | €4,500 | -€6,067 | -57.4% |
| Cash at bank and in hand | 54/58 | €4,529 | €26,754 | +€22,225 | +490.7% |
| Deferred charges and accrued income | 490/1 | €1,027 | €784 | -€243 | -23.7% |
| Total equity and liabilities | 10/49 | €194,438 | €176,025 | -€18,413 | -9.5% |
| Equity | 10/15 | -€15,931 | €15,140 | +€31,071 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,931 | €5,140 | +€31,071 | |
| Amounts payable | 17/49 | €210,368 | €160,884 | -€49,484 | -23.5% |
| Amounts payable after more than one year | 17 | €129,591 | €79,153 | -€50,438 | -38.9% |
| Financial debts | 170/4 | €129,591 | €79,153 | -€50,438 | -38.9% |
| Amounts payable within one year | 42/48 | €78,918 | €78,884 | -€34 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €37,158 | €35,898 | -€1,260 | -3.4% |
| Trade debts | 44 | €28,964 | €26,448 | -€2,516 | -8.7% |
| Suppliers | 440/4 | €28,964 | €26,448 | -€2,516 | -8.7% |
| Taxes, remuneration and social security | 45 | €12,796 | €10,538 | -€2,258 | -17.6% |
| Taxes | 450/3 | €2,089 | €3,372 | +€1,283 | +61.4% |
| Remuneration and social security | 454/9 | €10,708 | €7,166 | -€3,541 | -33.1% |
| Other amounts payable | 47/48 | - | €6,000 | +€6,000 | |
| Accrued charges and deferred income | 492/3 | €1,860 | €2,847 | +€988 | +53.1% |
| Non-recurring operating income | 76A | - | €22 | +€22 | |
| Remuneration, social security and pensions | 62 | €103,304 | €102,575 | -€729 | -0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,079 | €36,288 | -€4,791 | -11.7% |
| Other operating charges | 640/8 | €990 | €1,891 | +€901 | +91.0% |
| Gross operating margin | 9900 | €156,437 | €177,672 | +€21,235 | +13.6% |
| Operating profit (loss) | 9901 | €11,064 | €36,918 | +€25,854 | +233.7% |
| Financial income | 75/76B | €20 | €0 | -€20 | -100.0% |
| Recurring financial income | 75 | €20 | €0 | -€20 | -100.0% |
| Financial charges | 65/66B | €8,448 | €5,787 | -€2,661 | -31.5% |
| Recurring financial charges | 65 | €8,448 | €5,787 | -€2,661 | -31.5% |
| Profit (loss) for the period before taxes | 9903 | €2,636 | €31,131 | +€28,495 | +1081.1% |
| Income taxes | 67/77 | €342 | €60 | -€282 | -82.4% |
| Profit (loss) for the period | 9904 | €2,294 | €31,071 | +€28,777 | +1254.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,294 | €31,071 | +€28,777 | +1254.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.