JMKARTING: 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.
JMKARTING
Largest movements
- Tangible fixed assets +€183,434
up €183,434 (+21.4%), from €857,395 to €1.0m
of which Other tangible fixed assets: +€195,250
- Cash -€157,949
down €157,949 (-12.8%), from €1.2m to €1.1m
mainly Contributions, distributions and other (-€500,602) and Investment in fixed assets (net) (-€316,086)
- Receivables within one year -€155,796
down €155,796 (-24.5%), from €635,186 to €479,390
of which Other amounts receivable: -€200,225
- Other debts -€168,539
down €168,539 (-14.0%), from €1.2m to €1.0m
- Trade debts +€102,141
up €102,141 (+120.0%), from €85,129 to €187,269
- Debts after one year -€51,344
down €51,344 (-42.7%), from €120,138 to €68,794
- Current portion of long-term debt -€39,985
down €39,985 (-41.9%), from €95,539 to €55,554
- Staff costs +€39,608
up €39,608 (+10.7%), from €370,038 to €409,646
- Gross operating margin +€38,697
up €38,697 (+3.1%), from €1.2m to €1.3m
- Other operating charges -€13,049
down €13,049 (-31.5%), from €41,421 to €28,373
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 | €2,763,890 | €2,627,220 | -€136,670 | -4.9% |
| Fixed assets | 21/28 | €865,182 | €1,043,337 | +€178,155 | +20.6% |
| Tangible fixed assets | 22/27 | €857,395 | €1,040,829 | +€183,434 | +21.4% |
| Plant, machinery and equipment | 23 | €30,526 | €27,547 | -€2,979 | -9.8% |
| Furniture and vehicles | 24 | €278,655 | €269,817 | -€8,837 | -3.2% |
| Other tangible fixed assets | 26 | €546,565 | €741,815 | +€195,250 | +35.7% |
| Assets under construction and advance payments | 27 | €1,650 | €1,650 | = | 0.0% |
| Financial fixed assets | 28 | €7,787 | €2,508 | -€5,279 | -67.8% |
| Current assets | 29/58 | €1,898,708 | €1,583,883 | -€314,825 | -16.6% |
| Stocks and contracts in progress | 3 | €25,757 | €26,272 | +€515 | +2.0% |
| Stocks | 30/36 | €25,757 | €26,272 | +€515 | +2.0% |
| Amounts receivable within one year | 40/41 | €635,186 | €479,390 | -€155,796 | -24.5% |
| Trade receivables | 40 | €15,525 | €59,954 | +€44,429 | +286.2% |
| Other amounts receivable | 41 | €619,661 | €419,436 | -€200,225 | -32.3% |
| Cash at bank and in hand | 54/58 | €1,230,362 | €1,072,412 | -€157,949 | -12.8% |
| Deferred charges and accrued income | 490/1 | €7,404 | €5,808 | -€1,595 | -21.5% |
| Total equity and liabilities | 10/49 | €2,763,890 | €2,627,220 | -€136,670 | -4.9% |
| Equity | 10/15 | €1,157,026 | €1,174,245 | +€17,219 | +1.5% |
| Contributions | 10/11 | €123,947 | €123,344 | -€602 | -0.5% |
| Capital | 10 | €123,947 | €123,344 | -€602 | -0.5% |
| Issued capital | 100 | €123,947 | €123,344 | -€602 | -0.5% |
| Reserves | 13 | €12,395 | €12,395 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,395 | €12,395 | = | 0.0% |
| Legal reserve | 130 | €12,395 | €12,395 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,020,685 | €1,038,506 | +€17,821 | +1.7% |
| Amounts payable | 17/49 | €1,606,864 | €1,452,975 | -€153,889 | -9.6% |
| Amounts payable after more than one year | 17 | €120,138 | €68,794 | -€51,344 | -42.7% |
| Financial debts | 170/4 | €120,138 | €68,794 | -€51,344 | -42.7% |
| Amounts payable within one year | 42/48 | €1,486,726 | €1,384,082 | -€102,644 | -6.9% |
| Current portion of amounts payable after more than one year | 42 | €95,539 | €55,554 | -€39,985 | -41.9% |
| Trade debts | 44 | €85,129 | €187,269 | +€102,141 | +120.0% |
| Suppliers | 440/4 | €85,129 | €187,269 | +€102,141 | +120.0% |
| Advances received on contracts in progress | 46 | €5,419 | €10,320 | +€4,901 | +90.4% |
| Taxes, remuneration and social security | 45 | €97,660 | €96,498 | -€1,161 | -1.2% |
| Taxes | 450/3 | €64,200 | €34,022 | -€30,178 | -47.0% |
| Remuneration and social security | 454/9 | €33,460 | €62,476 | +€29,016 | +86.7% |
| Other amounts payable | 47/48 | €1,202,980 | €1,034,440 | -€168,539 | -14.0% |
| Accrued charges and deferred income | 492/3 | - | €100 | +€100 | |
| Remuneration, social security and pensions | 62 | €370,038 | €409,646 | +€39,608 | +10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €125,899 | €137,931 | +€12,033 | +9.6% |
| Other operating charges | 640/8 | €41,421 | €28,373 | -€13,049 | -31.5% |
| Gross operating margin | 9900 | €1,246,381 | €1,285,077 | +€38,697 | +3.1% |
| Operating profit (loss) | 9901 | €709,023 | €709,127 | +€104 | 0.0% |
| Financial income | 75/76B | €293 | €8,306 | +€8,013 | +2732.7% |
| Recurring financial income | 75 | €293 | €8,306 | +€8,013 | +2732.7% |
| Financial charges | 65/66B | €26,164 | €32,239 | +€6,074 | +23.2% |
| Recurring financial charges | 65 | €26,164 | €32,239 | +€6,074 | +23.2% |
| Profit (loss) for the period before taxes | 9903 | €683,152 | €685,194 | +€2,043 | +0.3% |
| Income taxes | 67/77 | €173,746 | €167,373 | -€6,373 | -3.7% |
| Profit (loss) for the period | 9904 | €509,405 | €517,821 | +€8,415 | +1.7% |
| Profit (loss) for the period to be appropriated | 9905 | €509,405 | €517,821 | +€8,415 | +1.7% |
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.