JMJ: 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.
JMJ
Largest movements
- Stocks and contracts -€4,415
down €4,415 (-26.5%), from €16,670 to €12,256
- Cash +€3,758
up €3,758 (+6.2%), from €60,305 to €64,063
mainly Other debts (+€101,281) and Stocks and contracts (+€4,415)
- Receivables within one year +€1,379
up €1,379 (+3.3%), from €41,317 to €42,696
of which Trade receivables: +€6,057
- Other debts +€101,281
up €101,281 (+1897.1%), from €5,339 to €106,620
- Profit (loss) carried forward -€100,000
down €100,000 (-95.5%), from €104,691 to €4,691
- Reserves +€2,629
new in 2025: €2,629
- Tax, wage and social debts -€1,507
down €1,507 (-25.1%), from €6,001 to €4,494
- Gross operating margin -€6,289
down €6,289 (-50.3%), from €12,500 to €6,211
- Taxes -€1,433
down €1,433 (-43.1%), from €3,322 to €1,889
- Depreciation -€1,080
down €1,080 (-50.1%), from €2,156 to €1,076
- Financial income -€836
down €836 (-100.0%), from €836 to €0
- Other operating charges +€239
up €239 (+86.0%), from €278 to €518
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 | €119,726 | €121,434 | +€1,708 | +1.4% |
| Fixed assets | 21/28 | €923 | €2,037 | +€1,114 | +120.6% |
| Tangible fixed assets | 22/27 | €923 | €2,037 | +€1,114 | +120.6% |
| Land and buildings | 22 | - | €1,117 | +€1,117 | |
| Plant, machinery and equipment | 23 | €445 | €146 | -€299 | -67.3% |
| Furniture and vehicles | 24 | €478 | €774 | +€296 | +61.9% |
| Current assets | 29/58 | €118,803 | €119,397 | +€594 | +0.5% |
| Stocks and contracts in progress | 3 | €16,670 | €12,256 | -€4,415 | -26.5% |
| Stocks | 30/36 | €16,670 | €12,256 | -€4,415 | -26.5% |
| Amounts receivable within one year | 40/41 | €41,317 | €42,696 | +€1,379 | +3.3% |
| Trade receivables | 40 | €36,639 | €42,696 | +€6,057 | +16.5% |
| Other amounts receivable | 41 | €4,678 | - | -€4,678 | |
| Cash at bank and in hand | 54/58 | €60,305 | €64,063 | +€3,758 | +6.2% |
| Deferred charges and accrued income | 490/1 | €510 | €381 | -€129 | -25.2% |
| Total equity and liabilities | 10/49 | €119,726 | €121,434 | +€1,708 | +1.4% |
| Equity | 10/15 | €107,691 | €10,320 | -€97,371 | -90.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €2,629 | +€2,629 | |
| Distributable reserves | 133 | - | €2,629 | +€2,629 | |
| Profit (loss) carried forward | 14 | €104,691 | €4,691 | -€100,000 | -95.5% |
| Amounts payable | 17/49 | €12,035 | €111,114 | +€99,080 | +823.3% |
| Amounts payable within one year | 42/48 | €12,035 | €111,114 | +€99,080 | +823.3% |
| Trade debts | 44 | €695 | - | -€695 | |
| Suppliers | 440/4 | €695 | - | -€695 | |
| Taxes, remuneration and social security | 45 | €6,001 | €4,494 | -€1,507 | -25.1% |
| Taxes | 450/3 | €6,001 | €4,494 | -€1,507 | -25.1% |
| Other amounts payable | 47/48 | €5,339 | €106,620 | +€101,281 | +1897.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,156 | €1,076 | -€1,080 | -50.1% |
| Other operating charges | 640/8 | €278 | €518 | +€239 | +86.0% |
| Gross operating margin | 9900 | €12,500 | €6,211 | -€6,289 | -50.3% |
| Operating profit (loss) | 9901 | €10,066 | €4,617 | -€5,449 | -54.1% |
| Financial income | 75/76B | €836 | €0 | -€836 | -100.0% |
| Recurring financial income | 75 | €836 | €0 | -€836 | -100.0% |
| Financial charges | 65/66B | €53 | €100 | +€47 | +88.4% |
| Recurring financial charges | 65 | €53 | €100 | +€47 | +88.4% |
| Profit (loss) for the period before taxes | 9903 | €10,849 | €4,517 | -€6,332 | -58.4% |
| Income taxes | 67/77 | €3,322 | €1,889 | -€1,433 | -43.1% |
| Profit (loss) for the period | 9904 | €7,527 | €2,629 | -€4,898 | -65.1% |
| Profit (loss) for the period to be appropriated | 9905 | €7,527 | €2,629 | -€4,898 | -65.1% |
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 9 October 2026 via checked.be.