JMD ACTIVITES: 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 ACTIVITES
Largest movements
- Receivables within one year -€180,286
down €180,286 (-74.9%), from €240,663 to €60,377
of which Other amounts receivable: -€123,784
- Tangible fixed assets -€34,126
down €34,126 (-5.4%), from €635,139 to €601,012
of which Furniture and vehicles: -€27,225
- Debts after one year -€156,169
down €156,169 (-6.2%), from €2.5m to €2.4m
of which Other amounts payable: -€102,130
- Trade debts -€98,170
down €98,170 (-89.3%), from €109,942 to €11,772
- Other debts +€56,776
up €56,776 (+39,742%), from €143 to €56,918
- Provisions -€23,698
down €23,698 (-100%), from €23,698 to €0
- Gross operating margin +€37,527
up €37,527 (+184%), from €20,382 to €57,909
- Depreciation +€11,243
up €11,243 (+34.7%), from €32,367 to €43,610
- Financial income -€1,240
down €1,240 (-100.0%), from €1,240 to €0
of which Non-recurring financial income: -€1,240
- Taxes -€716
down €716 (-55.1%), from €1,298 to €583
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 | €2,177,964 | €1,950,612 | -€227,353 | -10.4% |
| Fixed assets | 21/28 | €1,916,397 | €1,882,271 | -€34,126 | -1.8% |
| Tangible fixed assets | 22/27 | €635,139 | €601,012 | -€34,126 | -5.4% |
| Land and buildings | 22 | €566,096 | €559,195 | -€6,902 | -1.2% |
| Furniture and vehicles | 24 | €69,042 | €41,818 | -€27,225 | -39.4% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €1,281,259 | €1,281,259 | = | 0.0% |
| Current assets | 29/58 | €261,567 | €68,340 | -€193,226 | -73.9% |
| Amounts receivable within one year | 40/41 | €240,663 | €60,377 | -€180,286 | -74.9% |
| Trade receivables | 40 | €61,923 | €5,421 | -€56,501 | -91.2% |
| Other amounts receivable | 41 | €178,740 | €54,956 | -€123,784 | -69.3% |
| Cash at bank and in hand | 54/58 | €19,809 | €4,145 | -€15,664 | -79.1% |
| Deferred charges and accrued income | 490/1 | €1,095 | €3,819 | +€2,723 | +249% |
| Total equity and liabilities | 10/49 | €2,177,964 | €1,950,612 | -€227,353 | -10.4% |
| Equity | 10/15 | -€531,920 | -€544,926 | -€13,007 | -2.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€631,920 | -€644,926 | -€13,007 | -2.1% |
| Provisions and deferred taxes | 16 | €23,698 | €0 | -€23,698 | -100% |
| Provisions for liabilities and charges | 160/5 | €23,698 | €0 | -€23,698 | -100% |
| Other liabilities and charges | 164/5 | €23,698 | €0 | -€23,698 | -100% |
| Amounts payable | 17/49 | €2,686,186 | €2,495,538 | -€190,648 | -7.1% |
| Amounts payable after more than one year | 17 | €2,520,664 | €2,364,495 | -€156,169 | -6.2% |
| Financial debts | 170/4 | €431,284 | €377,245 | -€54,038 | -12.5% |
| Other amounts payable | 178/9 | €2,089,381 | €1,987,250 | -€102,130 | -4.9% |
| Amounts payable within one year | 42/48 | €160,440 | €122,312 | -€38,128 | -23.8% |
| Current portion of amounts payable after more than one year | 42 | €49,737 | €53,038 | +€3,301 | +6.6% |
| Trade debts | 44 | €109,942 | €11,772 | -€98,170 | -89.3% |
| Suppliers | 440/4 | €109,942 | €11,772 | -€98,170 | -89.3% |
| Taxes, remuneration and social security | 45 | €618 | €583 | -€35 | -5.7% |
| Taxes | 450/3 | €618 | €583 | -€35 | -5.7% |
| Other amounts payable | 47/48 | €143 | €56,918 | +€56,776 | +39,742% |
| Accrued charges and deferred income | 492/3 | €5,082 | €8,731 | +€3,649 | +71.8% |
| Remuneration, social security and pensions | 62 | €979 | €714 | -€264 | -27.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,367 | €43,610 | +€11,243 | +34.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€23,698 | -€23,698 | +€0 | 0.0% |
| Other operating charges | 640/8 | €2,395 | €1,876 | -€519 | -21.7% |
| Non-recurring operating charges | 66A | €25,922 | €23,698 | -€2,224 | -8.6% |
| Gross operating margin | 9900 | €20,382 | €57,909 | +€37,527 | +184% |
| Operating profit (loss) | 9901 | -€17,583 | €11,709 | +€29,293 | |
| Financial income | 75/76B | €1,240 | €0 | -€1,240 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Non-recurring financial income | 76B | €1,240 | €0 | -€1,240 | -100% |
| Financial charges | 65/66B | €24,419 | €24,134 | -€285 | -1.2% |
| Recurring financial charges | 65 | €24,419 | €24,134 | -€285 | -1.2% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€40,762 | -€12,424 | +€28,337 | +69.5% |
| Income taxes | 67/77 | €1,298 | €583 | -€716 | -55.1% |
| Profit (loss) for the period | 9904 | -€42,060 | -€13,007 | +€29,053 | +69.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€42,060 | -€13,007 | +€29,053 | +69.1% |
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 17 October 2026 via checked.be.