JMDOC: 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.
JMDOC
Largest movements
- Tangible fixed assets -€6,399
no longer reported in 2025 (was €6,399)
- Deferred charges and accrued income +€340
up €340 (+3.1%), from €10,998 to €11,338
- Debts after one year -€6,129
no longer reported in 2025 (was €6,129)
- Profit (loss) carried forward +€3,131
no longer reported in 2025 (was -€3,131)
- Tax, wage and social debts -€1,745
down €1,745 (-19.8%), from €8,800 to €7,055
- Reserves -€1,647
down €1,647 (-24.1%), from €6,836 to €5,189
- Other debts +€844
up €844 (+13.8%), from €6,109 to €6,953
- Depreciation -€6,947
down €6,947 (-52.1%), from €13,346 to €6,399
- Gross operating margin +€3,222
up €3,222 (+27.3%), from €11,805 to €15,027
- Taxes +€1,826
up €1,826 (+1061.6%), from €172 to €1,998
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 | €28,478 | €22,407 | -€6,071 | -21.3% |
| Fixed assets | 21/28 | €6,399 | - | -€6,399 | |
| Tangible fixed assets | 22/27 | €6,399 | - | -€6,399 | |
| Furniture and vehicles | 24 | €6,399 | - | -€6,399 | |
| Current assets | 29/58 | €22,079 | €22,407 | +€328 | +1.5% |
| Cash at bank and in hand | 54/58 | €11,081 | €11,069 | -€12 | -0.1% |
| Deferred charges and accrued income | 490/1 | €10,998 | €11,338 | +€340 | +3.1% |
| Total equity and liabilities | 10/49 | €28,478 | €22,407 | -€6,071 | -21.3% |
| Equity | 10/15 | €3,706 | €5,190 | +€1,484 | +40.0% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €6,836 | €5,189 | -€1,647 | -24.1% |
| Distributable reserves | 133 | €6,836 | €5,189 | -€1,647 | -24.1% |
| Profit (loss) carried forward | 14 | -€3,131 | - | +€3,131 | |
| Amounts payable | 17/49 | €24,772 | €17,217 | -€7,555 | -30.5% |
| Amounts payable after more than one year | 17 | €6,129 | - | -€6,129 | |
| Financial debts | 170/4 | €6,129 | - | -€6,129 | |
| Amounts payable within one year | 42/48 | €18,643 | €17,217 | -€1,426 | -7.6% |
| Trade debts | 44 | €3,734 | €3,209 | -€525 | -14.1% |
| Suppliers | 440/4 | €3,734 | €3,209 | -€525 | -14.1% |
| Taxes, remuneration and social security | 45 | €8,800 | €7,055 | -€1,745 | -19.8% |
| Taxes | 450/3 | €8,800 | €7,055 | -€1,745 | -19.8% |
| Other amounts payable | 47/48 | €6,109 | €6,953 | +€844 | +13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,346 | €6,399 | -€6,947 | -52.1% |
| Other operating charges | 640/8 | €483 | €500 | +€17 | +3.5% |
| Gross operating margin | 9900 | €11,805 | €15,027 | +€3,222 | +27.3% |
| Operating profit (loss) | 9901 | -€2,024 | €8,128 | +€10,152 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €936 | €942 | +€6 | +0.6% |
| Recurring financial charges | 65 | €338 | €191 | -€147 | -43.5% |
| Non-recurring financial charges | 66B | €598 | €751 | +€153 | +25.6% |
| Profit (loss) for the period before taxes | 9903 | -€2,959 | €7,186 | +€10,145 | |
| Income taxes | 67/77 | €172 | €1,998 | +€1,826 | +1061.6% |
| Profit (loss) for the period | 9904 | -€3,131 | €5,188 | +€8,319 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,131 | €5,188 | +€8,319 |
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 29 September 2026 via checked.be.