JMDB: 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.
JMDB
Largest movements
- Tangible fixed assets -€5,197
down €5,197 (-85.6%), from €6,075 to €878
of which Land and buildings: -€4,984
- Receivables within one year +€576
up €576 (+173.0%), from €333 to €909
of which Other amounts receivable: +€733
- Cash -€156
down €156 (-1.9%), from €8,259 to €8,102
mainly Debts after one year (-€12,457) and Net result for the year (-€1,533)
- Debts after one year -€12,457
down €12,457 (-100.0%), from €12,457 to €0
- Other debts +€4,487
up €4,487 (+8.8%), from €51,209 to €55,696
- Trade debts +€4,195
up €4,195 (+2952.4%), from €142 to €4,337
- Profit (loss) carried forward -€1,533
down €1,533 (-1.9%), from -€82,606 to -€84,139
- Current portion of long-term debt +€532
up €532 (+4.5%), from €11,926 to €12,457
- Depreciation -€4,984
down €4,984 (-49.0%), from €10,181 to €5,197
- Gross operating margin +€1,825
up €1,825 (+38.2%), from €4,776 to €6,601
- Financial charges -€514
down €514 (-35.8%), from €1,434 to €920
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 | €14,666 | €9,889 | -€4,778 | -32.6% |
| Fixed assets | 21/28 | €6,075 | €878 | -€5,197 | -85.6% |
| Tangible fixed assets | 22/27 | €6,075 | €878 | -€5,197 | -85.6% |
| Land and buildings | 22 | €4,984 | €0 | -€4,984 | -100.0% |
| Plant, machinery and equipment | 23 | €1,091 | €878 | -€213 | -19.5% |
| Current assets | 29/58 | €8,592 | €9,011 | +€419 | +4.9% |
| Amounts receivable within one year | 40/41 | €333 | €909 | +€576 | +173.0% |
| Trade receivables | 40 | €157 | €0 | -€157 | -100.0% |
| Other amounts receivable | 41 | €175 | €909 | +€733 | +417.9% |
| Cash at bank and in hand | 54/58 | €8,259 | €8,102 | -€156 | -1.9% |
| Total equity and liabilities | 10/49 | €14,666 | €9,889 | -€4,778 | -32.6% |
| Equity | 10/15 | -€62,146 | -€63,679 | -€1,533 | -2.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€82,606 | -€84,139 | -€1,533 | -1.9% |
| Amounts payable | 17/49 | €76,812 | €73,568 | -€3,245 | -4.2% |
| Amounts payable after more than one year | 17 | €12,457 | €0 | -€12,457 | -100.0% |
| Financial debts | 170/4 | €12,457 | €0 | -€12,457 | -100.0% |
| Amounts payable within one year | 42/48 | €63,289 | €72,503 | +€9,214 | +14.6% |
| Current portion of amounts payable after more than one year | 42 | €11,926 | €12,457 | +€532 | +4.5% |
| Trade debts | 44 | €142 | €4,337 | +€4,195 | +2952.4% |
| Suppliers | 440/4 | €142 | €4,337 | +€4,195 | +2952.4% |
| Taxes, remuneration and social security | 45 | €13 | €13 | = | 0.0% |
| Taxes | 450/3 | €13 | €13 | = | 0.0% |
| Other amounts payable | 47/48 | €51,209 | €55,696 | +€4,487 | +8.8% |
| Accrued charges and deferred income | 492/3 | €1,066 | €1,064 | -€1 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,181 | €5,197 | -€4,984 | -49.0% |
| Other operating charges | 640/8 | €1,997 | €2,055 | +€58 | +2.9% |
| Gross operating margin | 9900 | €4,776 | €6,601 | +€1,825 | +38.2% |
| Operating profit (loss) | 9901 | -€7,403 | -€652 | +€6,751 | +91.2% |
| Financial income | 75/76B | €61 | €39 | -€23 | -37.1% |
| Recurring financial income | 75 | €61 | €39 | -€23 | -37.1% |
| Financial charges | 65/66B | €1,434 | €920 | -€514 | -35.8% |
| Recurring financial charges | 65 | €1,434 | €920 | -€514 | -35.8% |
| Profit (loss) for the period before taxes | 9903 | -€8,775 | -€1,533 | +€7,242 | +82.5% |
| Profit (loss) for the period | 9904 | -€8,775 | -€1,533 | +€7,242 | +82.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,775 | -€1,533 | +€7,242 | +82.5% |
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 9 October 2026 via checked.be.