JMLaw: 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.
JMLaw
Largest movements
- Tangible fixed assets -€26,737
down €26,737 (-17.6%), from €151,908 to €125,171
of which Plant, machinery and equipment: -€15,817
- Receivables within one year +€15,283
up €15,283 (+7739.2%), from €197 to €15,480
of which Trade receivables: +€13,481
- Deferred charges and accrued income +€4,581
up €4,581 (+231.1%), from €1,982 to €6,563
- Cash -€1,755
down €1,755 (-46.5%), from €3,773 to €2,018
mainly Debts after one year (-€23,848) and Net result for the year (-€15,603)
- Trade debts +€26,168
up €26,168 (+70.0%), from €37,385 to €63,553
- Debts after one year -€23,848
down €23,848 (-11.1%), from €214,343 to €190,495
- Profit (loss) carried forward -€15,603
down €15,603 (-11.9%), from -€130,663 to -€146,265
- Current portion of long-term debt +€7,691
up €7,691 (+47.6%), from €16,157 to €23,848
- Other debts -€5,553
down €5,553 (-34.5%), from €16,110 to €10,557
- Gross operating margin +€19,132
up €19,132 (+294.2%), from €6,504 to €25,636
- Staff costs -€6,674
down €6,674 (-37.9%), from €17,611 to €10,937
- Financial charges -€2,174
down €2,174 (-39.0%), from €5,575 to €3,402
- Taxes -€686
down €686 (-85.4%), from €803 to €117
- Other operating charges -€629
down €629 (-49.7%), from €1,265 to €636
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 | €164,133 | €154,194 | -€9,939 | -6.1% |
| Fixed assets | 21/28 | €158,181 | €130,134 | -€28,048 | -17.7% |
| Intangible fixed assets | 21 | €4,274 | €2,963 | -€1,311 | -30.7% |
| Tangible fixed assets | 22/27 | €151,908 | €125,171 | -€26,737 | -17.6% |
| Plant, machinery and equipment | 23 | €120,967 | €105,150 | -€15,817 | -13.1% |
| Furniture and vehicles | 24 | €30,941 | €20,021 | -€10,920 | -35.3% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €5,952 | €24,061 | +€18,109 | +304.2% |
| Amounts receivable within one year | 40/41 | €197 | €15,480 | +€15,283 | +7739.2% |
| Trade receivables | 40 | €197 | €13,678 | +€13,481 | +6826.7% |
| Other amounts receivable | 41 | - | €1,802 | +€1,802 | |
| Cash at bank and in hand | 54/58 | €3,773 | €2,018 | -€1,755 | -46.5% |
| Deferred charges and accrued income | 490/1 | €1,982 | €6,563 | +€4,581 | +231.1% |
| Total equity and liabilities | 10/49 | €164,133 | €154,194 | -€9,939 | -6.1% |
| Equity | 10/15 | -€130,563 | -€146,165 | -€15,603 | -12.0% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€130,663 | -€146,265 | -€15,603 | -11.9% |
| Amounts payable | 17/49 | €294,696 | €300,360 | +€5,663 | +1.9% |
| Amounts payable after more than one year | 17 | €214,343 | €190,495 | -€23,848 | -11.1% |
| Other amounts payable | 178/9 | €214,343 | €190,495 | -€23,848 | -11.1% |
| Amounts payable within one year | 42/48 | €78,133 | €109,865 | +€31,732 | +40.6% |
| Current portion of amounts payable after more than one year | 42 | €16,157 | €23,848 | +€7,691 | +47.6% |
| Trade debts | 44 | €37,385 | €63,553 | +€26,168 | +70.0% |
| Suppliers | 440/4 | €37,385 | €63,553 | +€26,168 | +70.0% |
| Taxes, remuneration and social security | 45 | €8,481 | €11,907 | +€3,425 | +40.4% |
| Taxes | 450/3 | €5,320 | €8,656 | +€3,335 | +62.7% |
| Remuneration and social security | 454/9 | €3,161 | €3,251 | +€90 | +2.9% |
| Other amounts payable | 47/48 | €16,110 | €10,557 | -€5,553 | -34.5% |
| Accrued charges and deferred income | 492/3 | €2,220 | - | -€2,220 | |
| Remuneration, social security and pensions | 62 | €17,611 | €10,937 | -€6,674 | -37.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,043 | €26,390 | +€347 | +1.3% |
| Other operating charges | 640/8 | €1,265 | €636 | -€629 | -49.7% |
| Gross operating margin | 9900 | €6,504 | €25,636 | +€19,132 | +294.2% |
| Operating profit (loss) | 9901 | -€38,416 | -€12,326 | +€26,089 | +67.9% |
| Financial income | 75/76B | €73 | €242 | +€169 | +230.6% |
| Recurring financial income | 75 | €73 | €242 | +€169 | +230.6% |
| Financial charges | 65/66B | €5,575 | €3,402 | -€2,174 | -39.0% |
| Recurring financial charges | 65 | €5,575 | €3,402 | -€2,174 | -39.0% |
| Profit (loss) for the period before taxes | 9903 | -€43,918 | -€15,486 | +€28,432 | +64.7% |
| Income taxes | 67/77 | €803 | €117 | -€686 | -85.4% |
| Profit (loss) for the period | 9904 | -€44,721 | -€15,603 | +€29,118 | +65.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€44,721 | -€15,603 | +€29,118 | +65.1% |
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 8 October 2026 via checked.be.