JMD GLOBAL: 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 GLOBAL
Largest movements
- Cash -€19,558
down €19,558 (-61.9%), from €31,608 to €12,050
mainly Investment in fixed assets (net) (-€20,811) and Tax, wage and social debts (-€20,341)
- Tangible fixed assets +€16,338
up €16,338 (+191.1%), from €8,548 to €24,885
of which Plant, machinery and equipment: +€10,447
- Receivables within one year -€8,683
down €8,683 (-8.3%), from €104,698 to €96,014
of which Trade receivables: -€15,519
- Tax, wage and social debts -€20,341
down €20,341 (-30.5%), from €66,721 to €46,380
of which Taxes: -€14,114
- Profit (loss) carried forward +€10,307
up €10,307 (+37.5%), from €27,470 to €37,776
- Trade debts -€2,302
down €2,302 (-28.2%), from €8,161 to €5,859
- Purchases and services +€127,392
up €127,392 (+83.8%), from €151,961 to €279,353
- Turnover +€70,513
up €70,513 (+24.6%), from €286,914 to €357,427
- Gross operating margin -€54,425
down €54,425 (-40.3%), from €134,953 to €80,527
- Staff costs -€34,955
down €34,955 (-36.7%), from €95,274 to €60,319
- Taxes -€5,629
down €5,629 (-61.5%), from €9,157 to €3,528
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 | €147,417 | €136,153 | -€11,264 | -7.6% |
| Fixed assets | 21/28 | €8,548 | €24,885 | +€16,338 | +191.1% |
| Tangible fixed assets | 22/27 | €8,548 | €24,885 | +€16,338 | +191.1% |
| Plant, machinery and equipment | 23 | - | €10,447 | +€10,447 | |
| Furniture and vehicles | 24 | - | €7,930 | +€7,930 | |
| Other tangible fixed assets | 26 | €8,548 | €6,509 | -€2,039 | -23.9% |
| Current assets | 29/58 | €138,870 | €111,268 | -€27,602 | -19.9% |
| Stocks and contracts in progress | 3 | €2,479 | €2,520 | +€42 | +1.7% |
| Stocks | 30/36 | €2,479 | €2,520 | +€42 | +1.7% |
| Amounts receivable within one year | 40/41 | €104,698 | €96,014 | -€8,683 | -8.3% |
| Trade receivables | 40 | €104,698 | €89,179 | -€15,519 | -14.8% |
| Other amounts receivable | 41 | - | €6,836 | +€6,836 | |
| Cash at bank and in hand | 54/58 | €31,608 | €12,050 | -€19,558 | -61.9% |
| Deferred charges and accrued income | 490/1 | €86 | €683 | +€597 | +696.5% |
| Total equity and liabilities | 10/49 | €147,417 | €136,153 | -€11,264 | -7.6% |
| Equity | 10/15 | €27,470 | €37,776 | +€10,307 | +37.5% |
| Profit (loss) carried forward | 14 | €27,470 | €37,776 | +€10,307 | +37.5% |
| Amounts payable | 17/49 | €119,948 | €98,377 | -€21,571 | -18.0% |
| Amounts payable after more than one year | 17 | €45,066 | €45,066 | = | 0.0% |
| Other amounts payable | 178/9 | €45,066 | €45,066 | = | 0.0% |
| Amounts payable within one year | 42/48 | €74,882 | €53,311 | -€21,571 | -28.8% |
| Trade debts | 44 | €8,161 | €5,859 | -€2,302 | -28.2% |
| Suppliers | 440/4 | €8,161 | €5,859 | -€2,302 | -28.2% |
| Taxes, remuneration and social security | 45 | €66,721 | €46,380 | -€20,341 | -30.5% |
| Taxes | 450/3 | €27,546 | €13,431 | -€14,114 | -51.2% |
| Remuneration and social security | 454/9 | €39,176 | €32,948 | -€6,227 | -15.9% |
| Other amounts payable | 47/48 | - | €1,072 | +€1,072 | |
| Turnover | 70 | €286,914 | €357,427 | +€70,513 | +24.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €151,961 | €279,353 | +€127,392 | +83.8% |
| Remuneration, social security and pensions | 62 | €95,274 | €60,319 | -€34,955 | -36.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,647 | €4,473 | +€2,826 | +171.6% |
| Other operating charges | 640/8 | €1,357 | €1,809 | +€452 | +33.3% |
| Gross operating margin | 9900 | €134,953 | €80,527 | -€54,425 | -40.3% |
| Operating profit (loss) | 9901 | €36,675 | €13,926 | -€22,749 | -62.0% |
| Financial charges | 65/66B | €49 | €92 | +€43 | +87.2% |
| Recurring financial charges | 65 | €49 | €92 | +€43 | +87.2% |
| Profit (loss) for the period before taxes | 9903 | €36,626 | €13,835 | -€22,792 | -62.2% |
| Income taxes | 67/77 | €9,157 | €3,528 | -€5,629 | -61.5% |
| Profit (loss) for the period | 9904 | €27,470 | €10,307 | -€17,163 | -62.5% |
| Profit (loss) for the period to be appropriated | 9905 | €27,470 | €10,307 | -€17,163 | -62.5% |
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 12 October 2026 via checked.be.