JML 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.
JML CONCEPT
Largest movements
- Tangible fixed assets +€97,496
up €97,496 (+26.2%), from €371,517 to €469,012
of which Furniture and vehicles: +€99,630
- Receivables within one year +€54,929
up €54,929 (+3.7%), from €1.5m to €1.5m
of which Trade receivables: +€131,654
- Deferred charges and accrued income -€45,896
down €45,896 (-57.1%), from €80,375 to €34,479
- Stocks and contracts +€45,443
up €45,443 (+16.4%), from €276,364 to €321,807
- Cash +€33,420
up €33,420 (+14.8%), from €225,954 to €259,374
mainly Net result for the year (+€201,025) and Trade debts (+€199,953)
- Profit (loss) carried forward +€201,028
up €201,028 (+30.4%), from -€662,291 to -€461,263
- Trade debts +€199,953
up €199,953 (+12.9%), from €1.5m to €1.7m
- Accrued charges and deferred income -€122,200
down €122,200 (-64.2%), from €190,287 to €68,087
- Current portion of long-term debt -€89,537
down €89,537 (-11.3%), from €793,900 to €704,363
- Debts after one year -€89,140
down €89,140 (-32.1%), from €277,530 to €188,390
- Gross operating margin +€339,293
up €339,293 (+15.1%), from €2.3m to €2.6m
- Staff costs +€186,236
up €186,236 (+9.5%), from €2.0m to €2.1m
- Depreciation +€38,950
up €38,950 (+34.4%), from €113,274 to €152,224
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 | €2,476,914 | €2,669,204 | +€192,289 | +7.8% |
| Fixed assets | 21/28 | €405,544 | €509,938 | +€104,393 | +25.7% |
| Intangible fixed assets | 21 | €12,391 | €19,288 | +€6,898 | +55.7% |
| Tangible fixed assets | 22/27 | €371,517 | €469,012 | +€97,496 | +26.2% |
| Plant, machinery and equipment | 23 | €12,519 | €8,221 | -€4,298 | -34.3% |
| Furniture and vehicles | 24 | €330,123 | €429,752 | +€99,630 | +30.2% |
| Other tangible fixed assets | 26 | €28,875 | €31,039 | +€2,164 | +7.5% |
| Financial fixed assets | 28 | €21,637 | €21,637 | = | 0.0% |
| Current assets | 29/58 | €2,071,370 | €2,159,266 | +€87,896 | +4.2% |
| Stocks and contracts in progress | 3 | €276,364 | €321,807 | +€45,443 | +16.4% |
| Stocks | 30/36 | €276,364 | €321,807 | +€45,443 | +16.4% |
| Amounts receivable within one year | 40/41 | €1,488,677 | €1,543,606 | +€54,929 | +3.7% |
| Trade receivables | 40 | €1,396,820 | €1,528,473 | +€131,654 | +9.4% |
| Other amounts receivable | 41 | €91,857 | €15,132 | -€76,725 | -83.5% |
| Cash at bank and in hand | 54/58 | €225,954 | €259,374 | +€33,420 | +14.8% |
| Deferred charges and accrued income | 490/1 | €80,375 | €34,479 | -€45,896 | -57.1% |
| Total equity and liabilities | 10/49 | €2,476,914 | €2,669,204 | +€192,289 | +7.8% |
| Equity | 10/15 | -€594,091 | -€393,063 | +€201,028 | +33.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€662,291 | -€461,263 | +€201,028 | +30.4% |
| Amounts payable | 17/49 | €3,071,005 | €3,062,267 | -€8,739 | -0.3% |
| Amounts payable after more than one year | 17 | €277,530 | €188,390 | -€89,140 | -32.1% |
| Financial debts | 170/4 | €277,530 | €188,390 | -€89,140 | -32.1% |
| Amounts payable within one year | 42/48 | €2,603,188 | €2,805,789 | +€202,601 | +7.8% |
| Current portion of amounts payable after more than one year | 42 | €793,900 | €704,363 | -€89,537 | -11.3% |
| Trade debts | 44 | €1,547,344 | €1,747,296 | +€199,953 | +12.9% |
| Suppliers | 440/4 | €1,547,344 | €1,747,296 | +€199,953 | +12.9% |
| Taxes, remuneration and social security | 45 | €261,944 | €326,744 | +€64,800 | +24.7% |
| Taxes | 450/3 | €56,149 | €99,951 | +€43,802 | +78.0% |
| Remuneration and social security | 454/9 | €205,795 | €226,793 | +€20,999 | +10.2% |
| Other amounts payable | 47/48 | - | €27,385 | +€27,385 | |
| Accrued charges and deferred income | 492/3 | €190,287 | €68,087 | -€122,200 | -64.2% |
| Remuneration, social security and pensions | 62 | €1,952,103 | €2,138,339 | +€186,236 | +9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €113,274 | €152,224 | +€38,950 | +34.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €7,589 | +€7,589 | |
| Other operating charges | 640/8 | €27,201 | €48,897 | +€21,696 | +79.8% |
| Gross operating margin | 9900 | €2,250,226 | €2,589,519 | +€339,293 | +15.1% |
| Operating profit (loss) | 9901 | €157,649 | €242,471 | +€84,822 | +53.8% |
| Financial income | 75/76B | €532 | €19,879 | +€19,346 | +3635.5% |
| Recurring financial income | 75 | €532 | €19,879 | +€19,346 | +3635.5% |
| Financial charges | 65/66B | €72,695 | €59,507 | -€13,188 | -18.1% |
| Recurring financial charges | 65 | €72,695 | €59,507 | -€13,188 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | €85,486 | €202,842 | +€117,356 | +137.3% |
| Income taxes | 67/77 | €1,353 | €1,816 | +€463 | +34.2% |
| Profit (loss) for the period | 9904 | €84,133 | €201,025 | +€116,893 | +138.9% |
| Profit (loss) for the period to be appropriated | 9905 | €84,133 | €201,025 | +€116,893 | +138.9% |
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 12 October 2026 via checked.be.