JMFE VDE: 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.
JMFE VDE
Largest movements
- Cash +€16,823
up €16,823 (+45.9%), from €36,676 to €53,499
mainly Net result for the year (+€33,294) and Depreciation (+€16,903)
- Intangible fixed assets -€14,286
down €14,286 (-33.4%), from €42,819 to €28,533
- Receivables within one year +€14,138
up €14,138 (+12.7%), from €110,953 to €125,090
of which Trade receivables: +€11,566
- Tangible fixed assets -€2,617
down €2,617 (-18.9%), from €13,882 to €11,265
of which Plant, machinery and equipment: -€1,920
- Deferred charges and accrued income -€2,332
down €2,332 (-52.9%), from €4,405 to €2,073
- Reserves +€33,294
up €33,294 (+20.4%), from €162,875 to €196,169
of which Distributable reserves: +€33,294
- Current portion of long-term debt -€7,830
down €7,830 (-74.8%), from €10,474 to €2,644
- Tax, wage and social debts -€7,759
down €7,759 (-36.2%), from €21,455 to €13,697
- Other debts -€6,367
down €6,367 (-77.7%), from €8,197 to €1,830
- Trade debts +€3,959
up €3,959 (+2,432%), from €163 to €4,122
- Gross operating margin +€3,303
up €3,303 (+5.8%), from €56,541 to €59,844
- Taxes -€1,572
down €1,572 (-15.3%), from €10,277 to €8,705
- Depreciation +€782
up €782 (+4.8%), from €16,121 to €16,903
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.
Derived cash bridge
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 | €208,735 | €220,461 | +€11,726 | +5.6% |
| Fixed assets | 21/28 | €56,701 | €39,798 | -€16,903 | -29.8% |
| Intangible fixed assets | 21 | €42,819 | €28,533 | -€14,286 | -33.4% |
| Tangible fixed assets | 22/27 | €13,882 | €11,265 | -€2,617 | -18.9% |
| Plant, machinery and equipment | 23 | €12,759 | €10,839 | -€1,920 | -15.0% |
| Furniture and vehicles | 24 | €1,123 | €426 | -€697 | -62.1% |
| Current assets | 29/58 | €152,034 | €180,663 | +€28,629 | +18.8% |
| Amounts receivable within one year | 40/41 | €110,953 | €125,090 | +€14,138 | +12.7% |
| Trade receivables | 40 | €109,230 | €120,796 | +€11,566 | +10.6% |
| Other amounts receivable | 41 | €1,723 | €4,295 | +€2,572 | +149% |
| Cash at bank and in hand | 54/58 | €36,676 | €53,499 | +€16,823 | +45.9% |
| Deferred charges and accrued income | 490/1 | €4,405 | €2,073 | -€2,332 | -52.9% |
| Total equity and liabilities | 10/49 | €208,735 | €220,461 | +€11,726 | +5.6% |
| Equity | 10/15 | €164,875 | €198,169 | +€33,294 | +20.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €162,875 | €196,169 | +€33,294 | +20.4% |
| Non-distributable reserves | 130/1 | €200 | €200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €200 | €200 | = | 0.0% |
| Distributable reserves | 133 | €162,675 | €195,969 | +€33,294 | +20.5% |
| Amounts payable | 17/49 | €43,860 | €22,292 | -€21,568 | -49.2% |
| Amounts payable after more than one year | 17 | €2,644 | - | -€2,644 | |
| Financial debts | 170/4 | €2,644 | - | -€2,644 | |
| Amounts payable within one year | 42/48 | €40,288 | €22,292 | -€17,996 | -44.7% |
| Current portion of amounts payable after more than one year | 42 | €10,474 | €2,644 | -€7,830 | -74.8% |
| Trade debts | 44 | €163 | €4,122 | +€3,959 | +2,432% |
| Suppliers | 440/4 | €163 | €4,122 | +€3,959 | +2,432% |
| Taxes, remuneration and social security | 45 | €21,455 | €13,697 | -€7,759 | -36.2% |
| Taxes | 450/3 | €21,455 | €13,697 | -€7,759 | -36.2% |
| Other amounts payable | 47/48 | €8,197 | €1,830 | -€6,367 | -77.7% |
| Accrued charges and deferred income | 492/3 | €928 | - | -€928 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,121 | €16,903 | +€782 | +4.8% |
| Other operating charges | 640/8 | €309 | €144 | -€165 | -53.4% |
| Gross operating margin | 9900 | €56,541 | €59,844 | +€3,303 | +5.8% |
| Operating profit (loss) | 9901 | €40,111 | €42,797 | +€2,686 | +6.7% |
| Financial charges | 65/66B | €946 | €797 | -€149 | -15.8% |
| Recurring financial charges | 65 | €946 | €797 | -€149 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | €39,164 | €42,000 | +€2,835 | +7.2% |
| Income taxes | 67/77 | €10,277 | €8,705 | -€1,572 | -15.3% |
| Profit (loss) for the period | 9904 | €28,887 | €33,294 | +€4,407 | +15.3% |
| Profit (loss) for the period to be appropriated | 9905 | €28,887 | €33,294 | +€4,407 | +15.3% |
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 13 October 2026 via checked.be.