JMD INVEST: 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 INVEST
Largest movements
- Receivables within one year -€90,568
down €90,568 (-35.0%), from €258,566 to €167,999
of which Trade receivables: -€90,568
- Other debts -€107,420
down €107,420 (-56.1%), from €191,628 to €84,208
- Accrued charges and deferred income +€11,776
new in 2025: €11,776
- Reserves +€4,989
up €4,989 (+5.9%), from €84,533 to €89,522
- Financial charges +€11,825
up €11,825 (+7,603%), from €156 to €11,981
- Depreciation -€8,157
down €8,157 (-76.5%), from €10,659 to €2,502
- Gross operating margin +€6,181
up €6,181 (+29.7%), from €20,835 to €27,016
- Taxes +€725
up €725 (+17.5%), from €4,137 to €4,862
- Other operating charges +€360
up €360 (+15.3%), from €2,352 to €2,712
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 | €364,991 | €275,979 | -€89,012 | -24.4% |
| Fixed assets | 21/28 | €101,347 | €102,330 | +€982 | +1.0% |
| Tangible fixed assets | 22/27 | €26,847 | €27,830 | +€982 | +3.7% |
| Land and buildings | 22 | €17,074 | €16,938 | -€136 | -0.8% |
| Plant, machinery and equipment | 23 | €1,710 | €1,330 | -€380 | -22.2% |
| Furniture and vehicles | 24 | €8,063 | €6,317 | -€1,747 | -21.7% |
| Other tangible fixed assets | 26 | - | €3,245 | +€3,245 | |
| Financial fixed assets | 28 | €74,500 | €74,500 | = | 0.0% |
| Current assets | 29/58 | €263,643 | €173,649 | -€89,994 | -34.1% |
| Stocks and contracts in progress | 3 | €375 | - | -€375 | |
| Stocks | 30/36 | €375 | - | -€375 | |
| Amounts receivable within one year | 40/41 | €258,566 | €167,999 | -€90,568 | -35.0% |
| Trade receivables | 40 | €257,318 | €166,750 | -€90,568 | -35.2% |
| Other amounts receivable | 41 | €1,248 | €1,248 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €4,376 | €5,420 | +€1,044 | +23.8% |
| Deferred charges and accrued income | 490/1 | €326 | €231 | -€96 | -29.3% |
| Total equity and liabilities | 10/49 | €364,991 | €275,979 | -€89,012 | -24.4% |
| Equity | 10/15 | €146,533 | €151,522 | +€4,989 | +3.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €84,533 | €89,522 | +€4,989 | +5.9% |
| Distributable reserves | 133 | €84,533 | €89,522 | +€4,989 | +5.9% |
| Amounts payable | 17/49 | €218,458 | €124,457 | -€94,001 | -43.0% |
| Amounts payable within one year | 42/48 | €218,458 | €112,681 | -€105,777 | -48.4% |
| Trade debts | 44 | €8,904 | €10,833 | +€1,929 | +21.7% |
| Suppliers | 440/4 | €8,904 | €10,833 | +€1,929 | +21.7% |
| Taxes, remuneration and social security | 45 | €17,925 | €17,639 | -€286 | -1.6% |
| Taxes | 450/3 | €17,925 | €17,639 | -€286 | -1.6% |
| Other amounts payable | 47/48 | €191,628 | €84,208 | -€107,420 | -56.1% |
| Accrued charges and deferred income | 492/3 | - | €11,776 | +€11,776 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,659 | €2,502 | -€8,157 | -76.5% |
| Other operating charges | 640/8 | €2,352 | €2,712 | +€360 | +15.3% |
| Gross operating margin | 9900 | €20,835 | €27,016 | +€6,181 | +29.7% |
| Operating profit (loss) | 9901 | €7,824 | €21,802 | +€13,978 | +179% |
| Financial income | 75/76B | - | €30 | +€30 | |
| Recurring financial income | 75 | - | €30 | +€30 | |
| Financial charges | 65/66B | €156 | €11,981 | +€11,825 | +7,603% |
| Recurring financial charges | 65 | €156 | €11,981 | +€11,825 | +7,603% |
| Profit (loss) for the period before taxes | 9903 | €7,669 | €9,851 | +€2,183 | +28.5% |
| Income taxes | 67/77 | €4,137 | €4,862 | +€725 | +17.5% |
| Profit (loss) for the period | 9904 | €3,532 | €4,989 | +€1,457 | +41.3% |
| Profit (loss) for the period to be appropriated | 9905 | €3,532 | €4,989 | +€1,457 | +41.3% |
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 1 November 2026 via checked.be.