JMMA Management: 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.
JMMA Management
Largest movements
- Tangible fixed assets +€310,653
up €310,653 (+47.9%), from €648,760 to €959,413
of which Land and buildings: +€311,374
- Receivables within one year -€111,556
down €111,556 (-72.5%), from €153,871 to €42,315
- Cash +€22,859
up €22,859 (+110%), from €20,814 to €43,673
mainly Debts after one year (+€212,177) and Receivables within one year (+€111,556)
- Deferred charges and accrued income -€12,058
down €12,058 (-59.2%), from €20,354 to €8,296
- Debts after one year +€212,177
up €212,177 (+35.0%), from €606,381 to €818,558
- Other debts -€72,056
down €72,056 (-41.6%), from €173,346 to €101,290
- Reserves +€59,928
new in 2025: €59,928
- Current portion of long-term debt +€14,485
up €14,485 (+54.4%), from €26,630 to €41,116
- Gross operating margin +€69,126
up €69,126 (+52.2%), from €132,474 to €201,600
- Financial charges +€25,188
up €25,188 (+51.8%), from €48,626 to €73,814
- Taxes +€14,309
up €14,309 (+226%), from €6,333 to €20,641
- Other operating charges -€11,656
down €11,656 (-20.2%), from €57,643 to €45,988
- Financial income +€11,543
up €11,543 (+83.9%), from €13,755 to €25,298
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 | €844,100 | €1,053,997 | +€209,897 | +24.9% |
| Fixed assets | 21/28 | €649,060 | €959,713 | +€310,653 | +47.9% |
| Tangible fixed assets | 22/27 | €648,760 | €959,413 | +€310,653 | +47.9% |
| Land and buildings | 22 | €635,575 | €946,949 | +€311,374 | +49.0% |
| Furniture and vehicles | 24 | €13,186 | €10,513 | -€2,672 | -20.3% |
| Other tangible fixed assets | 26 | - | €1,951 | +€1,951 | |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €195,040 | €94,284 | -€100,756 | -51.7% |
| Amounts receivable within one year | 40/41 | €153,871 | €42,315 | -€111,556 | -72.5% |
| Trade receivables | 40 | €153,871 | €42,315 | -€111,556 | -72.5% |
| Cash at bank and in hand | 54/58 | €20,814 | €43,673 | +€22,859 | +110% |
| Deferred charges and accrued income | 490/1 | €20,354 | €8,296 | -€12,058 | -59.2% |
| Total equity and liabilities | 10/49 | €844,100 | €1,053,997 | +€209,897 | +24.9% |
| Equity | 10/15 | €5,000 | €64,928 | +€59,928 | +1,199% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €59,928 | +€59,928 | |
| Distributable reserves | 133 | - | €59,928 | +€59,928 | |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €839,100 | €989,069 | +€149,969 | +17.9% |
| Amounts payable after more than one year | 17 | €606,381 | €818,558 | +€212,177 | +35.0% |
| Financial debts | 170/4 | €606,381 | €818,558 | +€212,177 | +35.0% |
| Amounts payable within one year | 42/48 | €220,140 | €162,096 | -€58,044 | -26.4% |
| Current portion of amounts payable after more than one year | 42 | €26,630 | €41,116 | +€14,485 | +54.4% |
| Financial debts | 43 | €928 | €2,050 | +€1,122 | +121% |
| Credit institutions | 430/8 | €928 | €2,050 | +€1,122 | +121% |
| Trade debts | 44 | €7,864 | €8,734 | +€870 | +11.1% |
| Suppliers | 440/4 | €7,864 | €8,734 | +€870 | +11.1% |
| Taxes, remuneration and social security | 45 | €11,371 | €8,905 | -€2,466 | -21.7% |
| Taxes | 450/3 | €11,371 | €8,905 | -€2,466 | -21.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €173,346 | €101,290 | -€72,056 | -41.6% |
| Accrued charges and deferred income | 492/3 | €12,579 | €8,416 | -€4,164 | -33.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,762 | €26,527 | +€7,765 | +41.4% |
| Other operating charges | 640/8 | €57,643 | €45,988 | -€11,656 | -20.2% |
| Gross operating margin | 9900 | €132,474 | €201,600 | +€69,126 | +52.2% |
| Operating profit (loss) | 9901 | €56,069 | €129,085 | +€73,016 | +130% |
| Financial income | 75/76B | €13,755 | €25,298 | +€11,543 | +83.9% |
| Recurring financial income | 75 | €13,755 | €25,298 | +€11,543 | +83.9% |
| Financial charges | 65/66B | €48,626 | €73,814 | +€25,188 | +51.8% |
| Recurring financial charges | 65 | €48,626 | €73,814 | +€25,188 | +51.8% |
| Profit (loss) for the period before taxes | 9903 | €21,197 | €80,569 | +€59,372 | +280% |
| Income taxes | 67/77 | €6,333 | €20,641 | +€14,309 | +226% |
| Profit (loss) for the period | 9904 | €14,865 | €59,928 | +€45,063 | +303% |
| Profit (loss) for the period to be appropriated | 9905 | €14,865 | €59,928 | +€45,063 | +303% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.