JML: 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.
JML
Largest movements
- Receivables within one year +€224,975
up €224,975 (+84.4%), from €266,513 to €491,488
of which Trade receivables: +€230,722
- Tangible fixed assets -€70,616
down €70,616 (-28.0%), from €252,150 to €181,533
- Cash -€23,354
down €23,354 (-65.5%), from €35,661 to €12,306
mainly Receivables within one year (-€224,975) and Current portion of long-term debt (-€58,558)
- Deferred charges and accrued income -€17,654
down €17,654 (-100.0%), from €17,654 to €0
- Other debts +€178,651
up €178,651 (+122.1%), from €146,311 to €324,962
- Current portion of long-term debt -€58,558
down €58,558 (-92.3%), from €63,458 to €4,900
- Trade debts -€17,683
down €17,683 (-15.0%), from €118,137 to €100,454
- Tax, wage and social debts +€8,351
up €8,351 (+24.2%), from €34,557 to €42,908
of which Remuneration and social security: +€10,685
- Gross operating margin +€337,845
up €337,845 (+50.6%), from €667,129 to €1.0m
- Staff costs +€307,973
up €307,973 (+51.8%), from €595,036 to €903,009
- Depreciation +€35,308
up €35,308 (+66.7%), from €52,962 to €88,271
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 | €586,922 | €700,272 | +€113,350 | +19.3% |
| Fixed assets | 21/28 | €267,095 | €196,478 | -€70,616 | -26.4% |
| Tangible fixed assets | 22/27 | €252,150 | €181,533 | -€70,616 | -28.0% |
| Leasing and similar rights | 25 | €252,150 | €181,533 | -€70,616 | -28.0% |
| Financial fixed assets | 28 | €14,945 | €14,945 | = | 0.0% |
| Current assets | 29/58 | €319,828 | €503,794 | +€183,967 | +57.5% |
| Amounts receivable within one year | 40/41 | €266,513 | €491,488 | +€224,975 | +84.4% |
| Trade receivables | 40 | €256,376 | €487,098 | +€230,722 | +90.0% |
| Other amounts receivable | 41 | €10,137 | €4,390 | -€5,747 | -56.7% |
| Cash at bank and in hand | 54/58 | €35,661 | €12,306 | -€23,354 | -65.5% |
| Deferred charges and accrued income | 490/1 | €17,654 | €0 | -€17,654 | -100.0% |
| Total equity and liabilities | 10/49 | €586,922 | €700,272 | +€113,350 | +19.3% |
| Equity | 10/15 | €55,992 | €58,581 | +€2,589 | +4.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €45,992 | €48,581 | +€2,589 | +5.6% |
| Distributable reserves | 133 | €45,992 | €48,581 | +€2,589 | +5.6% |
| Amounts payable | 17/49 | €530,930 | €641,691 | +€110,761 | +20.9% |
| Amounts payable after more than one year | 17 | €168,467 | €168,467 | = | 0.0% |
| Financial debts | 170/4 | €168,467 | €168,467 | = | 0.0% |
| Amounts payable within one year | 42/48 | €362,463 | €473,224 | +€110,761 | +30.6% |
| Current portion of amounts payable after more than one year | 42 | €63,458 | €4,900 | -€58,558 | -92.3% |
| Trade debts | 44 | €118,137 | €100,454 | -€17,683 | -15.0% |
| Suppliers | 440/4 | €118,137 | €100,454 | -€17,683 | -15.0% |
| Taxes, remuneration and social security | 45 | €34,557 | €42,908 | +€8,351 | +24.2% |
| Taxes | 450/3 | €7,898 | €5,565 | -€2,334 | -29.5% |
| Remuneration and social security | 454/9 | €26,659 | €37,343 | +€10,685 | +40.1% |
| Other amounts payable | 47/48 | €146,311 | €324,962 | +€178,651 | +122.1% |
| Remuneration, social security and pensions | 62 | €595,036 | €903,009 | +€307,973 | +51.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,962 | €88,271 | +€35,308 | +66.7% |
| Other operating charges | 640/8 | €1,495 | €943 | -€553 | -37.0% |
| Gross operating margin | 9900 | €667,129 | €1,004,973 | +€337,845 | +50.6% |
| Operating profit (loss) | 9901 | €17,635 | €12,751 | -€4,884 | -27.7% |
| Financial income | 75/76B | €0 | €17 | +€17 | |
| Recurring financial income | 75 | €0 | €17 | +€17 | |
| Financial charges | 65/66B | €11,144 | €9,120 | -€2,024 | -18.2% |
| Recurring financial charges | 65 | €11,144 | €9,120 | -€2,024 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | €6,491 | €3,648 | -€2,843 | -43.8% |
| Income taxes | 67/77 | €1,975 | €1,059 | -€916 | -46.4% |
| Profit (loss) for the period | 9904 | €4,515 | €2,589 | -€1,927 | -42.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,515 | €2,589 | -€1,927 | -42.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.