JMD MANAGEMENT: 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 MANAGEMENT
Largest movements
- Receivables within one year -€165,783
down €165,783 (-76.5%), from €216,767 to €50,984
of which Other amounts receivable: -€146,723
- Receivables after one year -€110,000
no longer reported in 2025 (was €110,000)
- Profit (loss) carried forward -€609,973
down €609,973 (-88.9%), from €686,016 to €76,042
- Other debts +€222,322
new in 2025: €222,322
- Tax, wage and social debts +€90,240
up €90,240 (+661%), from €13,654 to €103,895
- Trade debts +€14,351
up €14,351 (+37.0%), from €38,786 to €53,137
- Gross operating margin -€120,435
down €120,435, from €115,658 to -€4,776
- Taxes -€24,937
down €24,937 (-99.1%), from €25,175 to €238
- Depreciation +€3,413
up €3,413 (+60.3%), from €5,660 to €9,073
- Other operating charges -€1,882
down €1,882 (-53.5%), from €3,516 to €1,633
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 | €752,716 | €475,856 | -€276,860 | -36.8% |
| Fixed assets | 21/28 | €59,510 | €63,213 | +€3,703 | +6.2% |
| Tangible fixed assets | 22/27 | €59,510 | €63,213 | +€3,703 | +6.2% |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | €18,353 | €20,861 | +€2,508 | +13.7% |
| Other tangible fixed assets | 26 | €41,157 | €42,352 | +€1,195 | +2.9% |
| Current assets | 29/58 | €693,206 | €412,643 | -€280,563 | -40.5% |
| Amounts receivable after more than one year | 29 | €110,000 | - | -€110,000 | |
| Other amounts receivable | 291 | €110,000 | - | -€110,000 | |
| Amounts receivable within one year | 40/41 | €216,767 | €50,984 | -€165,783 | -76.5% |
| Trade receivables | 40 | €29,013 | €9,953 | -€19,060 | -65.7% |
| Other amounts receivable | 41 | €187,753 | €41,030 | -€146,723 | -78.1% |
| Cash at bank and in hand | 54/58 | €360,928 | €355,475 | -€5,453 | -1.5% |
| Deferred charges and accrued income | 490/1 | €5,512 | €6,185 | +€672 | +12.2% |
| Total equity and liabilities | 10/49 | €752,716 | €475,856 | -€276,860 | -36.8% |
| Equity | 10/15 | €700,276 | €96,502 | -€603,773 | -86.2% |
| Contributions | 10/11 | €12,400 | €18,600 | +€6,200 | +50.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €686,016 | €76,042 | -€609,973 | -88.9% |
| Amounts payable | 17/49 | €52,441 | €379,354 | +€326,913 | +623% |
| Amounts payable within one year | 42/48 | €52,441 | €379,354 | +€326,913 | +623% |
| Trade debts | 44 | €38,786 | €53,137 | +€14,351 | +37.0% |
| Suppliers | 440/4 | €38,786 | €53,137 | +€14,351 | +37.0% |
| Taxes, remuneration and social security | 45 | €13,654 | €103,895 | +€90,240 | +661% |
| Taxes | 450/3 | €13,654 | €103,895 | +€90,240 | +661% |
| Other amounts payable | 47/48 | - | €222,322 | +€222,322 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,660 | €9,073 | +€3,413 | +60.3% |
| Other operating charges | 640/8 | €3,516 | €1,633 | -€1,882 | -53.5% |
| Gross operating margin | 9900 | €115,658 | -€4,776 | -€120,435 | |
| Operating profit (loss) | 9901 | €106,483 | -€15,483 | -€121,966 | |
| Financial income | 75/76B | €7,150 | €7,103 | -€46 | -0.6% |
| Recurring financial income | 75 | €7,150 | €7,103 | -€46 | -0.6% |
| Financial charges | 65/66B | €1,199 | €1,356 | +€158 | +13.2% |
| Recurring financial charges | 65 | €1,199 | €1,356 | +€158 | +13.2% |
| Profit (loss) for the period before taxes | 9903 | €112,434 | -€9,735 | -€122,170 | |
| Income taxes | 67/77 | €25,175 | €238 | -€24,937 | -99.1% |
| Profit (loss) for the period | 9904 | €87,260 | -€9,973 | -€97,233 | |
| Profit (loss) for the period to be appropriated | 9905 | €87,260 | -€9,973 | -€97,233 |
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 18 October 2026 via checked.be.