JMDG: 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.
JMDG
Largest movements
- Tangible fixed assets -€12,556
down €12,556 (-4.2%), from €300,785 to €288,229
- Profit (loss) carried forward -€13,655
down €13,655 (-20.4%), from -€66,866 to -€80,521
- Depreciation -€5,625
down €5,625 (-30.9%), from €18,181 to €12,556
- Gross operating margin -€1,665
down €1,665, from €785 to -€881
- Financial charges +€26
up €26 (+20.0%), from €128 to €153
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 | €306,862 | €295,760 | -€11,102 | -3.6% |
| Fixed assets | 21/28 | €300,785 | €288,229 | -€12,556 | -4.2% |
| Tangible fixed assets | 22/27 | €300,785 | €288,229 | -€12,556 | -4.2% |
| Land and buildings | 22 | €300,785 | €288,229 | -€12,556 | -4.2% |
| Current assets | 29/58 | €6,078 | €7,532 | +€1,454 | +23.9% |
| Amounts receivable within one year | 40/41 | €5,682 | €5,397 | -€284 | -5.0% |
| Trade receivables | 40 | €5,682 | €5,397 | -€284 | -5.0% |
| Cash at bank and in hand | 54/58 | €286 | €2,018 | +€1,732 | +604.9% |
| Deferred charges and accrued income | 490/1 | €110 | €116 | +€6 | +5.8% |
| Total equity and liabilities | 10/49 | €306,862 | €295,760 | -€11,102 | -3.6% |
| Equity | 10/15 | -€56,866 | -€70,521 | -€13,655 | -24.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€66,866 | -€80,521 | -€13,655 | -20.4% |
| Amounts payable | 17/49 | €363,728 | €366,281 | +€2,553 | +0.7% |
| Amounts payable within one year | 42/48 | €363,728 | €366,281 | +€2,553 | +0.7% |
| Trade debts | 44 | €47 | - | -€47 | |
| Suppliers | 440/4 | €47 | - | -€47 | |
| Other amounts payable | 47/48 | €363,681 | €366,281 | +€2,600 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,181 | €12,556 | -€5,625 | -30.9% |
| Other operating charges | 640/8 | €68 | €66 | -€3 | -3.8% |
| Gross operating margin | 9900 | €785 | -€881 | -€1,665 | |
| Operating profit (loss) | 9901 | -€17,464 | -€13,502 | +€3,962 | +22.7% |
| Financial charges | 65/66B | €128 | €153 | +€26 | +20.0% |
| Recurring financial charges | 65 | €128 | €153 | +€26 | +20.0% |
| Profit (loss) for the period before taxes | 9903 | -€17,592 | -€13,655 | +€3,937 | +22.4% |
| Profit (loss) for the period | 9904 | -€17,592 | -€13,655 | +€3,937 | +22.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,592 | -€13,655 | +€3,937 | +22.4% |
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 7 October 2026 via checked.be.