JMD: 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.
JMD
Largest movements
- Receivables within one year +€21,891
up €21,891 (+1647.7%), from €1,329 to €23,220
of which Trade receivables: +€16,084
- Tangible fixed assets -€3,000
down €3,000 (-21.2%), from €14,137 to €11,137
- Deferred charges and accrued income +€1,143
up €1,143 (+466.7%), from €245 to €1,388
- Profit (loss) carried forward +€13,856
up €13,856 (+74.1%), from -€18,696 to -€4,840
- Tax, wage and social debts +€3,323
new in 2025: €3,323
- Trade debts +€3,043
up €3,043 (+18.4%), from €16,494 to €19,537
- Gross operating margin +€21,864
up €21,864, from -€1,620 to €20,244
- Other operating charges +€3,538
up €3,538 (+187.5%), from €1,886 to €5,424
- Depreciation +€2,137
up €2,137 (+247.5%), from €863 to €3,000
- Financial income +€228
up €228 (+11.1%), from €2,050 to €2,277
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 | €16,548 | €36,907 | +€20,359 | +123.0% |
| Fixed assets | 21/28 | €14,272 | €11,272 | -€3,000 | -21.0% |
| Tangible fixed assets | 22/27 | €14,137 | €11,137 | -€3,000 | -21.2% |
| Furniture and vehicles | 24 | €14,137 | €11,137 | -€3,000 | -21.2% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €2,277 | €25,635 | +€23,359 | +1026.0% |
| Amounts receivable within one year | 40/41 | €1,329 | €23,220 | +€21,891 | +1647.7% |
| Trade receivables | 40 | - | €16,084 | +€16,084 | |
| Other amounts receivable | 41 | €1,329 | €7,136 | +€5,807 | +437.1% |
| Cash at bank and in hand | 54/58 | €703 | €1,027 | +€324 | +46.1% |
| Deferred charges and accrued income | 490/1 | €245 | €1,388 | +€1,143 | +466.7% |
| Total equity and liabilities | 10/49 | €16,548 | €36,907 | +€20,359 | +123.0% |
| Equity | 10/15 | -€104 | €13,752 | +€13,856 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,696 | -€4,840 | +€13,856 | +74.1% |
| Amounts payable | 17/49 | €16,652 | €23,155 | +€6,503 | +39.1% |
| Amounts payable within one year | 42/48 | €16,652 | €23,155 | +€6,503 | +39.1% |
| Trade debts | 44 | €16,494 | €19,537 | +€3,043 | +18.4% |
| Suppliers | 440/4 | €16,494 | €19,537 | +€3,043 | +18.4% |
| Taxes, remuneration and social security | 45 | - | €3,323 | +€3,323 | |
| Taxes | 450/3 | - | €3,323 | +€3,323 | |
| Other amounts payable | 47/48 | €158 | €295 | +€137 | +87.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €863 | €3,000 | +€2,137 | +247.5% |
| Other operating charges | 640/8 | €1,886 | €5,424 | +€3,538 | +187.5% |
| Gross operating margin | 9900 | -€1,620 | €20,244 | +€21,864 | |
| Operating profit (loss) | 9901 | -€4,370 | €11,820 | +€16,189 | |
| Financial income | 75/76B | €2,050 | €2,277 | +€228 | +11.1% |
| Recurring financial income | 75 | €2,050 | €2,277 | +€228 | +11.1% |
| Financial charges | 65/66B | €128 | €166 | +€38 | +29.6% |
| Recurring financial charges | 65 | €128 | €166 | +€38 | +29.6% |
| Profit (loss) for the period before taxes | 9903 | -€2,448 | €13,931 | +€16,379 | |
| Income taxes | 67/77 | €73 | €75 | +€2 | +3.3% |
| Profit (loss) for the period | 9904 | -€2,521 | €13,856 | +€16,377 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,521 | €13,856 | +€16,377 |
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 3 October 2026 via checked.be.