JMD: 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.
JMD
Largest movements
- Cash -€6,474
down €6,474 (-17.0%), from €37,991 to €31,517
mainly Investment in fixed assets (net) (-€9,195) and Net result for the year (-€7,777)
- Tangible fixed assets +€3,494
up €3,494 (+3.9%), from €90,153 to €93,647
of which Plant, machinery and equipment: +€8,602
- Receivables within one year +€1,395
up €1,395 (+1,635%), from €85 to €1,480
of which Other amounts receivable: +€915
- Reserves -€7,777
down €7,777 (-19.6%), from €39,770 to €31,993
- Accrued charges and deferred income +€5,393
new in 2024: €5,393
- Other debts +€1,956
up €1,956 (+2.8%), from €70,072 to €72,028
- Tax, wage and social debts -€1,403
down €1,403 (-100%), from €1,403 to €0
- Gross operating margin -€12,054
down €12,054 (-67.3%), from €17,920 to €5,866
- Taxes -€1,923
down €1,923, from €1,915 to -€9
- Financial charges +€986
up €986 (+22.7%), from €4,335 to €5,320
- Other operating charges -€336
down €336 (-10.7%), from €3,152 to €2,816
- Depreciation +€270
up €270 (+5.2%), from €5,245 to €5,516
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €130,053 | €128,816 | -€1,237 | -1.0% |
| Fixed assets | 21/28 | €91,617 | €95,297 | +€3,680 | +4.0% |
| Tangible fixed assets | 22/27 | €90,153 | €93,647 | +€3,494 | +3.9% |
| Land and buildings | 22 | €90,153 | €85,045 | -€5,108 | -5.7% |
| Plant, machinery and equipment | 23 | - | €8,602 | +€8,602 | |
| Financial fixed assets | 28 | €1,464 | €1,650 | +€186 | +12.7% |
| Current assets | 29/58 | €38,436 | €33,520 | -€4,916 | -12.8% |
| Amounts receivable within one year | 40/41 | €85 | €1,480 | +€1,395 | +1,635% |
| Trade receivables | 40 | - | €480 | +€480 | |
| Other amounts receivable | 41 | €85 | €1,000 | +€915 | +1,072% |
| Cash at bank and in hand | 54/58 | €37,991 | €31,517 | -€6,474 | -17.0% |
| Deferred charges and accrued income | 490/1 | €360 | €523 | +€163 | +45.2% |
| Total equity and liabilities | 10/49 | €130,053 | €128,816 | -€1,237 | -1.0% |
| Equity | 10/15 | €58,370 | €50,593 | -€7,777 | -13.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €39,770 | €31,993 | -€7,777 | -19.6% |
| Distributable reserves | 133 | €39,770 | €31,993 | -€7,777 | -19.6% |
| Amounts payable | 17/49 | €71,683 | €78,224 | +€6,540 | +9.1% |
| Amounts payable within one year | 42/48 | €71,683 | €72,830 | +€1,147 | +1.6% |
| Trade debts | 44 | €208 | €802 | +€594 | +286% |
| Suppliers | 440/4 | €208 | €802 | +€594 | +286% |
| Taxes, remuneration and social security | 45 | €1,403 | €0 | -€1,403 | -100% |
| Taxes | 450/3 | €1,403 | €0 | -€1,403 | -100% |
| Other amounts payable | 47/48 | €70,072 | €72,028 | +€1,956 | +2.8% |
| Accrued charges and deferred income | 492/3 | - | €5,393 | +€5,393 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,245 | €5,516 | +€270 | +5.2% |
| Other operating charges | 640/8 | €3,152 | €2,816 | -€336 | -10.7% |
| Gross operating margin | 9900 | €17,920 | €5,866 | -€12,054 | -67.3% |
| Operating profit (loss) | 9901 | €9,522 | -€2,466 | -€11,988 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €4,335 | €5,320 | +€986 | +22.7% |
| Recurring financial charges | 65 | €4,335 | €5,320 | +€986 | +22.7% |
| Profit (loss) for the period before taxes | 9903 | €5,188 | -€7,786 | -€12,974 | |
| Income taxes | 67/77 | €1,915 | -€9 | -€1,923 | |
| Profit (loss) for the period | 9904 | €3,273 | -€7,777 | -€11,050 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,273 | -€7,777 | -€11,050 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.