JMDV: 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.
JMDV
Largest movements
- Tangible fixed assets -€8,842
down €8,842 (-6.5%), from €136,557 to €127,715
of which Land and buildings: -€7,449
- Receivables within one year -€2,869
no longer reported in 2025 (was €2,869)
- Debts after one year -€9,309
down €9,309 (-6.5%), from €143,003 to €133,694
- Profit (loss) carried forward -€1,777
down €1,777 (-17.3%), from -€10,242 to -€12,019
- Depreciation +€1,262
up €1,262 (+16.7%), from €7,580 to €8,842
- Gross operating margin -€541
down €541 (-5.1%), from €10,614 to €10,073
- Financial charges -€160
down €160 (-6.9%), from €2,309 to €2,149
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 | €146,349 | €135,570 | -€10,779 | -7.4% |
| Fixed assets | 21/28 | €136,557 | €127,715 | -€8,842 | -6.5% |
| Tangible fixed assets | 22/27 | €136,557 | €127,715 | -€8,842 | -6.5% |
| Land and buildings | 22 | €122,759 | €115,310 | -€7,449 | -6.1% |
| Plant, machinery and equipment | 23 | €13,798 | €12,405 | -€1,393 | -10.1% |
| Current assets | 29/58 | €9,792 | €7,855 | -€1,937 | -19.8% |
| Amounts receivable within one year | 40/41 | €2,869 | - | -€2,869 | |
| Other amounts receivable | 41 | €2,869 | - | -€2,869 | |
| Cash at bank and in hand | 54/58 | €6,923 | €7,195 | +€272 | +3.9% |
| Deferred charges and accrued income | 490/1 | - | €660 | +€660 | |
| Total equity and liabilities | 10/49 | €146,349 | €135,570 | -€10,779 | -7.4% |
| Equity | 10/15 | -€9,242 | -€11,019 | -€1,777 | -19.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,242 | -€12,019 | -€1,777 | -17.3% |
| Amounts payable | 17/49 | €155,591 | €146,589 | -€9,003 | -5.8% |
| Amounts payable after more than one year | 17 | €143,003 | €133,694 | -€9,309 | -6.5% |
| Financial debts | 170/4 | €143,003 | €133,694 | -€9,309 | -6.5% |
| Amounts payable within one year | 42/48 | €12,589 | €12,895 | +€306 | +2.4% |
| Current portion of amounts payable after more than one year | 42 | €9,154 | €9,309 | +€155 | +1.7% |
| Trade debts | 44 | €75 | - | -€75 | |
| Suppliers | 440/4 | €75 | - | -€75 | |
| Taxes, remuneration and social security | 45 | - | €261 | +€261 | |
| Taxes | 450/3 | - | €261 | +€261 | |
| Other amounts payable | 47/48 | €3,360 | €3,325 | -€34 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,580 | €8,842 | +€1,262 | +16.7% |
| Other operating charges | 640/8 | €924 | €953 | +€30 | +3.2% |
| Gross operating margin | 9900 | €10,614 | €10,073 | -€541 | -5.1% |
| Operating profit (loss) | 9901 | €2,110 | €278 | -€1,833 | -86.8% |
| Financial income | 75/76B | €111 | €95 | -€17 | -15.0% |
| Recurring financial income | 75 | €111 | €95 | -€17 | -15.0% |
| Financial charges | 65/66B | €2,309 | €2,149 | -€160 | -6.9% |
| Recurring financial charges | 65 | €2,309 | €2,149 | -€160 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | -€87 | -€1,777 | -€1,689 | -1935.3% |
| Profit (loss) for the period | 9904 | -€87 | -€1,777 | -€1,689 | -1935.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€87 | -€1,777 | -€1,689 | -1935.3% |
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 6 October 2026 via checked.be.