JML PARTNERS: 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 PARTNERS
Largest movements
- Receivables within one year +€673,425
up €673,425 (+17.8%), from €3.8m to €4.5m
of which Other amounts receivable: +€677,425
- Financial fixed assets -€279,760
down €279,760 (-21.3%), from €1.3m to €1.0m
- Cash +€77,824
up €77,824 (+149%), from €52,180 to €130,005
mainly Net result for the year (+€522,917) and Investment in fixed assets (net) (+€279,760)
- Profit (loss) carried forward +€522,917
up €522,917 (+39.7%), from €1.3m to €1.8m
- Financial charges -€751,669
down €751,669 (-60.7%), from €1.2m to €486,162
- Financial income -€241,643
down €241,643 (-70.9%), from €340,804 to €99,161
- Gross operating margin -€98,183
down €98,183 (-9.7%), from €1.0m to €912,684
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 | €5,158,995 | €5,628,970 | +€469,975 | +9.1% |
| Fixed assets | 21/28 | €1,317,734 | €1,036,460 | -€281,274 | -21.3% |
| Tangible fixed assets | 22/27 | €2,762 | €1,248 | -€1,514 | -54.8% |
| Furniture and vehicles | 24 | €2,762 | €1,248 | -€1,514 | -54.8% |
| Financial fixed assets | 28 | €1,314,972 | €1,035,212 | -€279,760 | -21.3% |
| Current assets | 29/58 | €3,841,261 | €4,592,510 | +€751,249 | +19.6% |
| Amounts receivable within one year | 40/41 | €3,789,080 | €4,462,505 | +€673,425 | +17.8% |
| Trade receivables | 40 | €4,000 | €0 | -€4,000 | -100% |
| Other amounts receivable | 41 | €3,785,080 | €4,462,505 | +€677,425 | +17.9% |
| Cash at bank and in hand | 54/58 | €52,180 | €130,005 | +€77,824 | +149% |
| Total equity and liabilities | 10/49 | €5,158,995 | €5,628,970 | +€469,975 | +9.1% |
| Equity | 10/15 | €5,039,641 | €5,562,559 | +€522,917 | +10.4% |
| Contributions | 10/11 | €3,378,000 | €3,378,000 | = | 0.0% |
| Reserves | 13 | €343,158 | €343,158 | = | 0.0% |
| Distributable reserves | 133 | €343,158 | €343,158 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,318,483 | €1,841,400 | +€522,917 | +39.7% |
| Amounts payable | 17/49 | €119,354 | €66,411 | -€52,943 | -44.4% |
| Amounts payable after more than one year | 17 | €10,418 | €10,418 | = | 0.0% |
| Other amounts payable | 178/9 | €10,418 | €10,418 | = | 0.0% |
| Amounts payable within one year | 42/48 | €106,086 | €53,143 | -€52,943 | -49.9% |
| Trade debts | 44 | €85 | €593 | +€508 | +597% |
| Suppliers | 440/4 | €85 | €593 | +€508 | +597% |
| Taxes, remuneration and social security | 45 | €2,550 | €2,550 | = | 0.0% |
| Taxes | 450/3 | €2,550 | €2,550 | = | 0.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €103,450 | €50,000 | -€53,450 | -51.7% |
| Accrued charges and deferred income | 492/3 | €2,850 | €2,850 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,382 | €1,514 | +€132 | +9.5% |
| Other operating charges | 640/8 | €1,339 | €1,253 | -€86 | -6.4% |
| Gross operating margin | 9900 | €1,010,867 | €912,684 | -€98,183 | -9.7% |
| Operating profit (loss) | 9901 | €1,008,147 | €909,918 | -€98,228 | -9.7% |
| Financial income | 75/76B | €340,804 | €99,161 | -€241,643 | -70.9% |
| Recurring financial income | 75 | €340,804 | €99,161 | -€241,643 | -70.9% |
| Financial charges | 65/66B | €1,237,831 | €486,162 | -€751,669 | -60.7% |
| Recurring financial charges | 65 | €1,237,831 | €486,162 | -€751,669 | -60.7% |
| Profit (loss) for the period before taxes | 9903 | €111,120 | €522,917 | +€411,797 | +371% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €111,120 | €522,917 | +€411,797 | +371% |
| Profit (loss) for the period to be appropriated | 9905 | €111,120 | €522,917 | +€411,797 | +371% |
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 30 October 2026 via checked.be.