JMJ CONCEPT: 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.
JMJ CONCEPT
Largest movements
- Cash -€104,181
down €104,181 (-35.0%), from €297,416 to €193,235
mainly Receivables within one year (-€93,475) and Current investments (-€91,350)
- Receivables within one year +€93,475
up €93,475 (+37.2%), from €251,063 to €344,538
of which Other amounts receivable: +€57,617
- Current investments +€91,350
new in 2025: €91,350
- Reserves +€95,477
up €95,477 (+21.8%), from €438,142 to €533,619
of which Distributable reserves: +€95,477
- Tax, wage and social debts -€10,135
down €10,135 (-11.5%), from €88,248 to €78,113
- Trade debts -€9,094
down €9,094 (-20.9%), from €43,550 to €34,456
- Gross operating margin -€37,766
down €37,766 (-21.8%), from €172,851 to €135,085
- Taxes -€9,549
down €9,549 (-16.6%), from €57,490 to €47,941
- Financial income +€3,803
up €3,803 (+34.7%), from €10,971 to €14,775
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 | €588,540 | €664,788 | +€76,248 | +13.0% |
| Fixed assets | 21/28 | €40,061 | €35,664 | -€4,397 | -11.0% |
| Intangible fixed assets | 21 | €27,861 | €27,861 | = | 0.0% |
| Tangible fixed assets | 22/27 | €11,640 | €7,243 | -€4,397 | -37.8% |
| Plant, machinery and equipment | 23 | €5,338 | €2,412 | -€2,926 | -54.8% |
| Leasing and similar rights | 25 | €5,728 | €4,544 | -€1,184 | -20.7% |
| Other tangible fixed assets | 26 | €575 | €287 | -€287 | -50.0% |
| Financial fixed assets | 28 | €560 | €560 | = | 0.0% |
| Current assets | 29/58 | €548,479 | €629,123 | +€80,645 | +14.7% |
| Amounts receivable within one year | 40/41 | €251,063 | €344,538 | +€93,475 | +37.2% |
| Trade receivables | 40 | €81,706 | €117,565 | +€35,859 | +43.9% |
| Other amounts receivable | 41 | €169,357 | €226,973 | +€57,617 | +34.0% |
| Current investments | 50/53 | - | €91,350 | +€91,350 | |
| Cash at bank and in hand | 54/58 | €297,416 | €193,235 | -€104,181 | -35.0% |
| Total equity and liabilities | 10/49 | €588,540 | €664,788 | +€76,248 | +13.0% |
| Equity | 10/15 | €456,742 | €552,219 | +€95,477 | +20.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €438,142 | €533,619 | +€95,477 | +21.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,905 | €13,905 | = | 0.0% |
| Distributable reserves | 133 | €422,377 | €517,854 | +€95,477 | +22.6% |
| Amounts payable | 17/49 | €131,798 | €112,569 | -€19,229 | -14.6% |
| Amounts payable within one year | 42/48 | €131,798 | €112,569 | -€19,229 | -14.6% |
| Trade debts | 44 | €43,550 | €34,456 | -€9,094 | -20.9% |
| Suppliers | 440/4 | €43,550 | €34,456 | -€9,094 | -20.9% |
| Taxes, remuneration and social security | 45 | €88,248 | €78,113 | -€10,135 | -11.5% |
| Taxes | 450/3 | €88,248 | €78,113 | -€10,135 | -11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,397 | €4,397 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,057 | €1,228 | +€172 | +16.2% |
| Gross operating margin | 9900 | €172,851 | €135,085 | -€37,766 | -21.8% |
| Operating profit (loss) | 9901 | €167,397 | €129,460 | -€37,937 | -22.7% |
| Financial income | 75/76B | €10,971 | €14,775 | +€3,803 | +34.7% |
| Recurring financial income | 75 | €10,971 | €14,775 | +€3,803 | +34.7% |
| Financial charges | 65/66B | €2,131 | €817 | -€1,314 | -61.7% |
| Recurring financial charges | 65 | €2,131 | €817 | -€1,314 | -61.7% |
| Profit (loss) for the period before taxes | 9903 | €176,238 | €143,418 | -€32,820 | -18.6% |
| Income taxes | 67/77 | €57,490 | €47,941 | -€9,549 | -16.6% |
| Profit (loss) for the period | 9904 | €118,747 | €95,477 | -€23,271 | -19.6% |
| Profit (loss) for the period to be appropriated | 9905 | €118,747 | €95,477 | -€23,271 | -19.6% |
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.