JMD CONCEPT: 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 CONCEPT
Largest movements
- Tangible fixed assets -€7,927
down €7,927 (-2.2%), from €355,596 to €347,669
of which Land and buildings: -€7,698
- Other debts +€12,554
up €12,554 (+6.9%), from €182,504 to €195,057
- Debts after one year -€11,688
down €11,688 (-6.4%), from €183,157 to €171,469
- Profit (loss) carried forward -€10,661
down €10,661 (-35.9%), from -€29,676 to -€40,336
- Gross operating margin +€12,955
up €12,955 (+4319.3%), from €300 to €13,255
- Financial charges -€4,793
down €4,793 (-40.0%), from €11,972 to €7,179
- Depreciation -€1,295
down €1,295 (-7.5%), from €17,191 to €15,896
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 | €358,042 | €349,709 | -€8,333 | -2.3% |
| Fixed assets | 21/28 | €355,596 | €347,669 | -€7,927 | -2.2% |
| Tangible fixed assets | 22/27 | €355,596 | €347,669 | -€7,927 | -2.2% |
| Land and buildings | 22 | €354,613 | €346,915 | -€7,698 | -2.2% |
| Furniture and vehicles | 24 | €983 | €754 | -€229 | -23.3% |
| Current assets | 29/58 | €2,446 | €2,041 | -€406 | -16.6% |
| Cash at bank and in hand | 54/58 | €2,423 | €2,014 | -€408 | -16.9% |
| Deferred charges and accrued income | 490/1 | €24 | €26 | +€2 | +9.7% |
| Total equity and liabilities | 10/49 | €358,042 | €349,709 | -€8,333 | -2.3% |
| Equity | 10/15 | -€19,676 | -€30,336 | -€10,661 | -54.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,676 | -€40,336 | -€10,661 | -35.9% |
| Amounts payable | 17/49 | €377,718 | €380,046 | +€2,328 | +0.6% |
| Amounts payable after more than one year | 17 | €183,157 | €171,469 | -€11,688 | -6.4% |
| Financial debts | 170/4 | €183,157 | €171,469 | -€11,688 | -6.4% |
| Amounts payable within one year | 42/48 | €194,561 | €208,577 | +€14,016 | +7.2% |
| Current portion of amounts payable after more than one year | 42 | €11,264 | €11,688 | +€424 | +3.8% |
| Trade debts | 44 | €793 | €1,831 | +€1,038 | +130.8% |
| Suppliers | 440/4 | €793 | €1,831 | +€1,038 | +130.8% |
| Other amounts payable | 47/48 | €182,504 | €195,057 | +€12,554 | +6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,191 | €15,896 | -€1,295 | -7.5% |
| Other operating charges | 640/8 | €812 | €840 | +€28 | +3.5% |
| Gross operating margin | 9900 | €300 | €13,255 | +€12,955 | +4319.3% |
| Operating profit (loss) | 9901 | -€17,703 | -€3,482 | +€14,222 | +80.3% |
| Financial charges | 65/66B | €11,972 | €7,179 | -€4,793 | -40.0% |
| Recurring financial charges | 65 | €11,972 | €7,179 | -€4,793 | -40.0% |
| Profit (loss) for the period before taxes | 9903 | -€29,676 | -€10,661 | +€19,015 | +64.1% |
| Profit (loss) for the period | 9904 | -€29,676 | -€10,661 | +€19,015 | +64.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,676 | -€10,661 | +€19,015 | +64.1% |
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 29 September 2026 via checked.be.