JMN Projects: 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.
JMN Projects
Largest movements
- Cash -€1,241
down €1,241 (-87.8%), from €1,415 to €173
mainly Net result for the year (-€2,999) and Tax, wage and social debts (-€332)
- Deferred charges and accrued income -€616
down €616 (-92.3%), from €667 to €51
- Receivables within one year +€65
up €65 (+21.2%), from €308 to €373
of which Other amounts receivable: +€175
- Tangible fixed assets -€53
down €53 (-21.1%), from €252 to €199
of which Plant, machinery and equipment: -€53
- Profit (loss) carried forward -€2,999
down €2,999 (-11.8%), from -€25,469 to -€28,467
- Other debts +€1,199
up €1,199 (+376.7%), from €318 to €1,518
- Tax, wage and social debts -€332
no longer reported in 2025 (was €332)
- Trade debts +€286
up €286, from €0 to €286
- Gross operating margin -€1,983
down €1,983 (-229.8%), from -€863 to -€2,846
- Other operating charges -€725
down €725 (-93.1%), from €779 to €54
- Depreciation +€40
up €40 (+297.9%), from €13 to €53
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 | €2,641 | €796 | -€1,845 | -69.9% |
| Fixed assets | 21/28 | €252 | €199 | -€53 | -21.1% |
| Tangible fixed assets | 22/27 | €252 | €199 | -€53 | -21.1% |
| Plant, machinery and equipment | 23 | €252 | €199 | -€53 | -21.1% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €2,389 | €597 | -€1,792 | -75.0% |
| Amounts receivable within one year | 40/41 | €308 | €373 | +€65 | +21.2% |
| Trade receivables | 40 | €110 | - | -€110 | |
| Other amounts receivable | 41 | €197 | €373 | +€175 | +88.8% |
| Cash at bank and in hand | 54/58 | €1,415 | €173 | -€1,241 | -87.8% |
| Deferred charges and accrued income | 490/1 | €667 | €51 | -€616 | -92.3% |
| Total equity and liabilities | 10/49 | €2,641 | €796 | -€1,845 | -69.9% |
| Equity | 10/15 | €1,991 | -€1,007 | -€2,999 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €8,860 | €8,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,000 | €7,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,469 | -€28,467 | -€2,999 | -11.8% |
| Amounts payable | 17/49 | €650 | €1,804 | +€1,154 | +177.5% |
| Amounts payable within one year | 42/48 | €650 | €1,804 | +€1,154 | +177.5% |
| Trade debts | 44 | €0 | €286 | +€286 | |
| Suppliers | 440/4 | €0 | €286 | +€286 | |
| Taxes, remuneration and social security | 45 | €332 | - | -€332 | |
| Taxes | 450/3 | €332 | - | -€332 | |
| Other amounts payable | 47/48 | €318 | €1,518 | +€1,199 | +376.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13 | €53 | +€40 | +297.9% |
| Other operating charges | 640/8 | €779 | €54 | -€725 | -93.1% |
| Gross operating margin | 9900 | -€863 | -€2,846 | -€1,983 | -229.8% |
| Operating profit (loss) | 9901 | -€1,655 | -€2,953 | -€1,298 | -78.4% |
| Financial charges | 65/66B | €45 | €45 | +€0 | +0.5% |
| Recurring financial charges | 65 | €45 | €45 | +€0 | +0.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,700 | -€2,999 | -€1,299 | -76.4% |
| Profit (loss) for the period | 9904 | -€1,700 | -€2,999 | -€1,299 | -76.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,700 | -€2,999 | -€1,299 | -76.4% |
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 1 October 2026 via checked.be.