JMCP: 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.
JMCP
Largest movements
- Receivables within one year -€49,966
down €49,966 (-75.2%), from €66,483 to €16,518
of which Trade receivables: -€48,098
- Tangible fixed assets -€20,137
down €20,137 (-12.3%), from €164,337 to €144,200
of which Land and buildings: -€33,672
- Stocks and contracts -€16,570
down €16,570 (-24.6%), from €67,235 to €50,665
- Cash +€11,802
up €11,802 (+124.2%), from €9,504 to €21,306
mainly Receivables within one year (+€49,966) and Depreciation (+€40,027)
- Deferred charges and accrued income +€8,582
up €8,582 (+165.0%), from €5,200 to €13,782
- Trade debts -€52,033
down €52,033 (-62.2%), from €83,673 to €31,639
- Debts after one year -€46,206
down €46,206 (-16.1%), from €287,259 to €241,053
of which Other amounts payable: -€31,100
- Profit (loss) carried forward +€32,389
up €32,389 (+10.9%), from -€296,669 to -€264,280
- Other debts +€7,470
up €7,470 (+47.6%), from €15,681 to €23,151
- Tax, wage and social debts -€6,347
down €6,347 (-17.2%), from €36,946 to €30,599
- Gross operating margin +€29,773
up €29,773 (+47.9%), from €62,129 to €91,903
- Depreciation +€4,941
up €4,941 (+14.1%), from €35,087 to €40,027
- Financial charges -€1,159
down €1,159 (-6.9%), from €16,899 to €15,740
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 | €312,759 | €247,956 | -€64,803 | -20.7% |
| Fixed assets | 21/28 | €164,337 | €145,685 | -€18,652 | -11.4% |
| Tangible fixed assets | 22/27 | €164,337 | €144,200 | -€20,137 | -12.3% |
| Land and buildings | 22 | €160,890 | €127,218 | -€33,672 | -20.9% |
| Plant, machinery and equipment | 23 | €1,799 | €893 | -€906 | -50.3% |
| Furniture and vehicles | 24 | €1,648 | €16,089 | +€14,440 | +876.1% |
| Financial fixed assets | 28 | - | €1,485 | +€1,485 | |
| Current assets | 29/58 | €148,422 | €102,271 | -€46,151 | -31.1% |
| Stocks and contracts in progress | 3 | €67,235 | €50,665 | -€16,570 | -24.6% |
| Stocks | 30/36 | €67,235 | €50,665 | -€16,570 | -24.6% |
| Amounts receivable within one year | 40/41 | €66,483 | €16,518 | -€49,966 | -75.2% |
| Trade receivables | 40 | €51,306 | €3,208 | -€48,098 | -93.7% |
| Other amounts receivable | 41 | €15,178 | €13,310 | -€1,867 | -12.3% |
| Cash at bank and in hand | 54/58 | €9,504 | €21,306 | +€11,802 | +124.2% |
| Deferred charges and accrued income | 490/1 | €5,200 | €13,782 | +€8,582 | +165.0% |
| Total equity and liabilities | 10/49 | €312,759 | €247,956 | -€64,803 | -20.7% |
| Equity | 10/15 | -€211,907 | -€179,518 | +€32,389 | +15.3% |
| Contributions | 10/11 | €84,550 | €84,550 | = | 0.0% |
| Reserves | 13 | €212 | €212 | = | 0.0% |
| Non-distributable reserves | 130/1 | €212 | €212 | = | 0.0% |
| Reserves not available under the articles | 1311 | €212 | €212 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€296,669 | -€264,280 | +€32,389 | +10.9% |
| Amounts payable | 17/49 | €524,666 | €427,474 | -€97,192 | -18.5% |
| Amounts payable after more than one year | 17 | €287,259 | €241,053 | -€46,206 | -16.1% |
| Financial debts | 170/4 | €256,159 | €241,053 | -€15,106 | -5.9% |
| Other amounts payable | 178/9 | €31,100 | €0 | -€31,100 | -100.0% |
| Amounts payable within one year | 42/48 | €237,407 | €186,421 | -€50,986 | -21.5% |
| Current portion of amounts payable after more than one year | 42 | €77,657 | €71,456 | -€6,200 | -8.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €83,673 | €31,639 | -€52,033 | -62.2% |
| Suppliers | 440/4 | €83,673 | €31,639 | -€52,033 | -62.2% |
| Advances received on contracts in progress | 46 | €23,450 | €29,575 | +€6,125 | +26.1% |
| Taxes, remuneration and social security | 45 | €36,946 | €30,599 | -€6,347 | -17.2% |
| Taxes | 450/3 | €36,946 | €30,599 | -€6,347 | -17.2% |
| Other amounts payable | 47/48 | €15,681 | €23,151 | +€7,470 | +47.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,087 | €40,027 | +€4,941 | +14.1% |
| Other operating charges | 640/8 | €3,659 | €4,193 | +€535 | +14.6% |
| Non-recurring operating charges | 66A | - | -€144 | -€144 | |
| Gross operating margin | 9900 | €62,129 | €91,903 | +€29,773 | +47.9% |
| Operating profit (loss) | 9901 | €23,384 | €47,827 | +€24,442 | +104.5% |
| Financial income | 75/76B | €852 | €620 | -€231 | -27.1% |
| Recurring financial income | 75 | €852 | €620 | -€231 | -27.1% |
| Financial charges | 65/66B | €16,899 | €15,740 | -€1,159 | -6.9% |
| Recurring financial charges | 65 | €16,899 | €15,740 | -€1,159 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | €7,337 | €32,707 | +€25,370 | +345.8% |
| Income taxes | 67/77 | - | €319 | +€319 | |
| Profit (loss) for the period | 9904 | €7,337 | €32,389 | +€25,052 | +341.4% |
| Profit (loss) for the period to be appropriated | 9905 | €7,337 | €32,389 | +€25,052 | +341.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.