JMI: 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.
JMI
Largest movements
- Tangible fixed assets +€72,895
up €72,895 (+3,959%), from €1,841 to €74,737
- Cash +€19,068
up €19,068 (+13.3%), from €143,719 to €162,787
mainly Net result for the year (+€87,453) and Depreciation (+€12,182)
- Receivables within one year +€14,871
up €14,871 (+24.1%), from €61,620 to €76,490
of which Other amounts receivable: +€13,268
- Deferred charges and accrued income -€10,230
down €10,230 (-78.6%), from €13,008 to €2,779
- Reserves +€87,453
up €87,453 (+21.6%), from €405,317 to €492,770
- Trade debts +€9,404
up €9,404 (+324%), from €2,906 to €12,310
- Gross operating margin +€28,819
up €28,819 (+27.7%), from €103,946 to €132,765
- Depreciation +€11,371
up €11,371 (+1,402%), from €811 to €12,182
- Taxes +€6,372
up €6,372 (+21.9%), from €29,087 to €35,458
- Financial income +€3,256
up €3,256 (+3,681%), from €88 to €3,345
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 | €417,443 | €518,677 | +€101,234 | +24.3% |
| Fixed assets | 21/28 | €1,841 | €74,737 | +€72,895 | +3,959% |
| Tangible fixed assets | 22/27 | €1,841 | €74,737 | +€72,895 | +3,959% |
| Furniture and vehicles | 24 | €1,841 | €74,737 | +€72,895 | +3,959% |
| Current assets | 29/58 | €415,602 | €443,940 | +€28,339 | +6.8% |
| Amounts receivable after more than one year | 29 | €103,196 | €103,196 | = | 0.0% |
| Other amounts receivable | 291 | €103,196 | €103,196 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €61,620 | €76,490 | +€14,871 | +24.1% |
| Trade receivables | 40 | €23,211 | €24,814 | +€1,603 | +6.9% |
| Other amounts receivable | 41 | €38,408 | €51,676 | +€13,268 | +34.5% |
| Current investments | 50/53 | €94,059 | €98,689 | +€4,630 | +4.9% |
| Cash at bank and in hand | 54/58 | €143,719 | €162,787 | +€19,068 | +13.3% |
| Deferred charges and accrued income | 490/1 | €13,008 | €2,779 | -€10,230 | -78.6% |
| Total equity and liabilities | 10/49 | €417,443 | €518,677 | +€101,234 | +24.3% |
| Equity | 10/15 | €411,517 | €498,970 | +€87,453 | +21.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €405,317 | €492,770 | +€87,453 | +21.6% |
| Distributable reserves | 133 | €405,317 | €492,770 | +€87,453 | +21.6% |
| Amounts payable | 17/49 | €5,926 | €19,707 | +€13,781 | +233% |
| Amounts payable within one year | 42/48 | €5,926 | €18,845 | +€12,920 | +218% |
| Trade debts | 44 | €2,906 | €12,310 | +€9,404 | +324% |
| Suppliers | 440/4 | €2,906 | €12,310 | +€9,404 | +324% |
| Taxes, remuneration and social security | 45 | €3,020 | €6,535 | +€3,515 | +116% |
| Taxes | 450/3 | €3,020 | €6,535 | +€3,515 | +116% |
| Accrued charges and deferred income | 492/3 | - | €861 | +€861 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €811 | €12,182 | +€11,371 | +1,402% |
| Other operating charges | 640/8 | €186 | €296 | +€110 | +58.8% |
| Gross operating margin | 9900 | €103,946 | €132,765 | +€28,819 | +27.7% |
| Operating profit (loss) | 9901 | €102,948 | €120,287 | +€17,338 | +16.8% |
| Financial income | 75/76B | €88 | €3,345 | +€3,256 | +3,681% |
| Recurring financial income | 75 | €88 | €3,345 | +€3,256 | +3,681% |
| Financial charges | 65/66B | €420 | €721 | +€301 | +71.7% |
| Recurring financial charges | 65 | €420 | €721 | +€301 | +71.7% |
| Profit (loss) for the period before taxes | 9903 | €102,617 | €122,911 | +€20,294 | +19.8% |
| Income taxes | 67/77 | €29,087 | €35,458 | +€6,372 | +21.9% |
| Profit (loss) for the period | 9904 | €73,531 | €87,453 | +€13,922 | +18.9% |
| Profit (loss) for the period to be appropriated | 9905 | €73,531 | €87,453 | +€13,922 | +18.9% |
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 17 October 2026 via checked.be.