JMKA: 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.
JMKA
Largest movements
- Cash +€101,240
up €101,240 (+125.5%), from €80,669 to €181,909
mainly Other debts (+€234,271) and Net result for the year (+€80,968)
- Receivables within one year -€13,813
down €13,813 (-70.5%), from €19,599 to €5,786
- Other debts +€234,271
up €234,271 (+22906.9%), from €1,023 to €235,294
- Profit (loss) carried forward -€154,326
down €154,326 (-43.2%), from €357,328 to €203,002
- Tax, wage and social debts +€10,055
new in 2025: €10,055
- Gross operating margin +€5,933
up €5,933 (+5.7%), from €103,872 to €109,805
- Taxes +€2,174
up €2,174 (+8.4%), from €25,916 to €28,090
- Financial income +€1,179
up €1,179 (+36.0%), from €3,279 to €4,458
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 | €363,920 | €454,160 | +€90,240 | +24.8% |
| Fixed assets | 21/28 | €10,960 | €10,486 | -€475 | -4.3% |
| Tangible fixed assets | 22/27 | €10,960 | €10,486 | -€475 | -4.3% |
| Furniture and vehicles | 24 | €10,960 | €10,486 | -€475 | -4.3% |
| Current assets | 29/58 | €352,960 | €443,674 | +€90,715 | +25.7% |
| Amounts receivable within one year | 40/41 | €19,599 | €5,786 | -€13,813 | -70.5% |
| Other amounts receivable | 41 | €19,599 | €5,786 | -€13,813 | -70.5% |
| Current investments | 50/53 | €250,000 | €250,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €80,669 | €181,909 | +€101,240 | +125.5% |
| Deferred charges and accrued income | 490/1 | €2,692 | €5,979 | +€3,287 | +122.1% |
| Total equity and liabilities | 10/49 | €363,920 | €454,160 | +€90,240 | +24.8% |
| Equity | 10/15 | €362,328 | €208,002 | -€154,326 | -42.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €357,328 | €203,002 | -€154,326 | -43.2% |
| Amounts payable | 17/49 | €1,592 | €246,158 | +€244,566 | +15359.6% |
| Amounts payable within one year | 42/48 | €1,592 | €246,158 | +€244,566 | +15359.6% |
| Trade debts | 44 | €570 | €809 | +€239 | +42.0% |
| Suppliers | 440/4 | €570 | €809 | +€239 | +42.0% |
| Taxes, remuneration and social security | 45 | - | €10,055 | +€10,055 | |
| Taxes | 450/3 | - | €10,055 | +€10,055 | |
| Other amounts payable | 47/48 | €1,023 | €235,294 | +€234,271 | +22906.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,049 | €4,487 | +€438 | +10.8% |
| Other operating charges | 640/8 | €387 | €529 | +€142 | +36.6% |
| Gross operating margin | 9900 | €103,872 | €109,805 | +€5,933 | +5.7% |
| Operating profit (loss) | 9901 | €99,436 | €104,790 | +€5,353 | +5.4% |
| Financial income | 75/76B | €3,279 | €4,458 | +€1,179 | +36.0% |
| Recurring financial income | 75 | €3,279 | €4,458 | +€1,179 | +36.0% |
| Financial charges | 65/66B | €96 | €190 | +€94 | +97.8% |
| Recurring financial charges | 65 | €96 | €190 | +€94 | +97.8% |
| Profit (loss) for the period before taxes | 9903 | €102,619 | €109,058 | +€6,439 | +6.3% |
| Income taxes | 67/77 | €25,916 | €28,090 | +€2,174 | +8.4% |
| Profit (loss) for the period | 9904 | €76,703 | €80,968 | +€4,265 | +5.6% |
| Profit (loss) for the period to be appropriated | 9905 | €76,703 | €80,968 | +€4,265 | +5.6% |
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 11 October 2026 via checked.be.