JMF: 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.
JMF
Largest movements
- Tangible fixed assets -€5,760
down €5,760 (-8.1%), from €71,374 to €65,614
of which Land and buildings: -€3,584
- Profit (loss) carried forward -€8,125
down €8,125 (-20.3%), from €40,114 to €31,989
- Other debts +€3,397
up €3,397 (+124.6%), from €2,726 to €6,123
- Gross operating margin +€948
up €948 (+50.6%), from -€1,874 to -€926
- Other operating charges +€41
up €41 (+3.2%), from €1,291 to €1,333
- Financial charges +€20
up €20 (+23.5%), from €86 to €107
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 | €71,662 | €66,172 | -€5,491 | -7.7% |
| Fixed assets | 21/28 | €71,374 | €65,614 | -€5,760 | -8.1% |
| Tangible fixed assets | 22/27 | €71,374 | €65,614 | -€5,760 | -8.1% |
| Land and buildings | 22 | €58,317 | €54,734 | -€3,584 | -6.1% |
| Furniture and vehicles | 24 | €13,057 | €10,880 | -€2,176 | -16.7% |
| Current assets | 29/58 | €288 | €557 | +€269 | +93.3% |
| Amounts receivable within one year | 40/41 | €206 | €23 | -€183 | -88.7% |
| Trade receivables | 40 | €206 | - | -€206 | |
| Other amounts receivable | 41 | - | €23 | +€23 | |
| Cash at bank and in hand | 54/58 | €83 | €534 | +€452 | +546.4% |
| Total equity and liabilities | 10/49 | €71,662 | €66,172 | -€5,491 | -7.7% |
| Equity | 10/15 | €67,519 | €59,394 | -€8,125 | -12.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Capital | 10 | €18,550 | - | -€18,550 | |
| Issued capital | 100 | €18,550 | - | -€18,550 | |
| Reserves | 13 | €8,855 | €8,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,000 | €7,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,114 | €31,989 | -€8,125 | -20.3% |
| Amounts payable | 17/49 | €4,143 | €6,777 | +€2,634 | +63.6% |
| Amounts payable within one year | 42/48 | €4,143 | €6,777 | +€2,634 | +63.6% |
| Trade debts | 44 | €592 | €363 | -€229 | -38.7% |
| Suppliers | 440/4 | €592 | €363 | -€229 | -38.7% |
| Taxes, remuneration and social security | 45 | €826 | €292 | -€534 | -64.7% |
| Taxes | 450/3 | €826 | €292 | -€534 | -64.7% |
| Other amounts payable | 47/48 | €2,726 | €6,123 | +€3,397 | +124.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,760 | €5,760 | = | 0.0% |
| Other operating charges | 640/8 | €1,291 | €1,333 | +€41 | +3.2% |
| Gross operating margin | 9900 | -€1,874 | -€926 | +€948 | +50.6% |
| Operating profit (loss) | 9901 | -€8,925 | -€8,018 | +€907 | +10.2% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €86 | €107 | +€20 | +23.5% |
| Recurring financial charges | 65 | €86 | €107 | +€20 | +23.5% |
| Profit (loss) for the period before taxes | 9903 | -€9,011 | -€8,125 | +€886 | +9.8% |
| Profit (loss) for the period | 9904 | -€9,011 | -€8,125 | +€886 | +9.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,011 | -€8,125 | +€886 | +9.8% |
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 8 October 2026 via checked.be.