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
- Cash +€3,186
up €3,186 (+78.2%), from €4,075 to €7,260
mainly Receivables within one year (+€1,871) and Tax, wage and social debts (+€1,099)
- Receivables within one year -€1,871
down €1,871 (-37.9%), from €4,936 to €3,065
of which Trade receivables: -€1,267
- Tangible fixed assets -€839
down €839 (-29.0%), from €2,895 to €2,056
of which Furniture and vehicles: -€493
- Deferred charges and accrued income -€443
down €443 (-25.3%), from €1,749 to €1,306
- Reserves -€1,555
down €1,555 (-19.0%), from €8,187 to €6,632
- Tax, wage and social debts +€1,099
up €1,099 (+69.3%), from €1,585 to €2,684
- Trade debts +€488
up €488 (+35.3%), from €1,382 to €1,870
- Gross operating margin +€2,009
up €2,009, from -€595 to €1,414
- Financial charges -€1,141
down €1,141 (-92.7%), from €1,231 to €90
- Taxes +€461
up €461 (+90.3%), from €510 to €971
- Other operating charges +€342
up €342 (+37.7%), from €906 to €1,248
- Financial income -€227
down €227 (-55.8%), from €406 to €179
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 | €13,654 | €13,687 | +€33 | +0.2% |
| Fixed assets | 21/28 | €2,895 | €2,056 | -€839 | -29.0% |
| Tangible fixed assets | 22/27 | €2,895 | €2,056 | -€839 | -29.0% |
| Plant, machinery and equipment | 23 | €692 | €346 | -€346 | -50.0% |
| Furniture and vehicles | 24 | €2,203 | €1,710 | -€493 | -22.4% |
| Current assets | 29/58 | €10,759 | €11,631 | +€872 | +8.1% |
| Amounts receivable within one year | 40/41 | €4,936 | €3,065 | -€1,871 | -37.9% |
| Trade receivables | 40 | €1,267 | €0 | -€1,267 | -100.0% |
| Other amounts receivable | 41 | €3,669 | €3,065 | -€604 | -16.5% |
| Cash at bank and in hand | 54/58 | €4,075 | €7,260 | +€3,186 | +78.2% |
| Deferred charges and accrued income | 490/1 | €1,749 | €1,306 | -€443 | -25.3% |
| Total equity and liabilities | 10/49 | €13,654 | €13,687 | +€33 | +0.2% |
| Equity | 10/15 | €10,687 | €9,132 | -€1,555 | -14.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €8,187 | €6,632 | -€1,555 | -19.0% |
| Distributable reserves | 133 | €8,187 | €6,632 | -€1,555 | -19.0% |
| Amounts payable | 17/49 | €2,967 | €4,554 | +€1,587 | +53.5% |
| Amounts payable within one year | 42/48 | €2,967 | €4,554 | +€1,587 | +53.5% |
| Trade debts | 44 | €1,382 | €1,870 | +€488 | +35.3% |
| Suppliers | 440/4 | €1,382 | €1,870 | +€488 | +35.3% |
| Taxes, remuneration and social security | 45 | €1,585 | €2,684 | +€1,099 | +69.3% |
| Taxes | 450/3 | €1,585 | €2,684 | +€1,099 | +69.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €839 | €839 | = | 0.0% |
| Other operating charges | 640/8 | €906 | €1,248 | +€342 | +37.7% |
| Gross operating margin | 9900 | -€595 | €1,414 | +€2,009 | |
| Operating profit (loss) | 9901 | -€2,340 | -€673 | +€1,667 | +71.2% |
| Financial income | 75/76B | €406 | €179 | -€227 | -55.8% |
| Recurring financial income | 75 | €406 | €179 | -€227 | -55.8% |
| Financial charges | 65/66B | €1,231 | €90 | -€1,141 | -92.7% |
| Recurring financial charges | 65 | €1,231 | €90 | -€1,141 | -92.7% |
| Profit (loss) for the period before taxes | 9903 | -€3,165 | -€583 | +€2,582 | +81.6% |
| Income taxes | 67/77 | €510 | €971 | +€461 | +90.3% |
| Profit (loss) for the period | 9904 | -€3,675 | -€1,555 | +€2,121 | +57.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,675 | -€1,555 | +€2,121 | +57.7% |
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 4 October 2026 via checked.be.