JMND LEERNES: 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.
JMND LEERNES
Largest movements
- Stocks and contracts +€28,003
up €28,003 (+22.6%), from €123,982 to €151,985
- Cash -€5,654
down €5,654 (-11.0%), from €51,317 to €45,663
mainly Stocks and contracts (-€28,003) and Debts after one year (-€18,162)
- Receivables within one year -€3,388
down €3,388 (-15.1%), from €22,436 to €19,048
of which Trade receivables: -€3,588
- Profit (loss) carried forward +€56,912
up €56,912 (+47.2%), from €120,617 to €177,529
- Debts after one year -€18,162
down €18,162 (-36.8%), from €49,384 to €31,222
- Trade debts -€12,205
down €12,205 (-35.8%), from €34,071 to €21,866
- Current portion of long-term debt -€11,144
down €11,144 (-37.4%), from €29,806 to €18,662
- Tax, wage and social debts +€3,329
up €3,329 (+14.9%), from €22,348 to €25,677
of which Taxes: +€11,330
- Turnover +€43,048
up €43,048 (+4.1%), from €1.0m to €1.1m
- Purchases and services +€33,906
up €33,906 (+3.9%), from €867,124 to €901,030
- Taxes -€15,174
down €15,174 (-53.9%), from €28,148 to €12,974
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 | €270,508 | €288,371 | +€17,863 | +6.6% |
| Fixed assets | 21/28 | €67,156 | €67,973 | +€817 | +1.2% |
| Tangible fixed assets | 22/27 | €66,998 | €67,810 | +€812 | +1.2% |
| Plant, machinery and equipment | 23 | €9,139 | €18,891 | +€9,752 | +107% |
| Furniture and vehicles | 24 | €8,115 | €958 | -€7,157 | -88.2% |
| Other tangible fixed assets | 26 | €49,744 | €47,961 | -€1,783 | -3.6% |
| Financial fixed assets | 28 | €158 | €163 | +€5 | +3.2% |
| Current assets | 29/58 | €203,352 | €220,398 | +€17,046 | +8.4% |
| Stocks and contracts in progress | 3 | €123,982 | €151,985 | +€28,003 | +22.6% |
| Stocks | 30/36 | €123,982 | €151,985 | +€28,003 | +22.6% |
| Amounts receivable within one year | 40/41 | €22,436 | €19,048 | -€3,388 | -15.1% |
| Trade receivables | 40 | €22,282 | €18,694 | -€3,588 | -16.1% |
| Other amounts receivable | 41 | €154 | €354 | +€200 | +130% |
| Cash at bank and in hand | 54/58 | €51,317 | €45,663 | -€5,654 | -11.0% |
| Deferred charges and accrued income | 490/1 | €5,617 | €3,702 | -€1,915 | -34.1% |
| Total equity and liabilities | 10/49 | €270,508 | €288,371 | +€17,863 | +6.6% |
| Equity | 10/15 | €128,677 | €185,589 | +€56,912 | +44.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €120,617 | €177,529 | +€56,912 | +47.2% |
| Amounts payable | 17/49 | €141,831 | €102,782 | -€39,049 | -27.5% |
| Amounts payable after more than one year | 17 | €49,384 | €31,222 | -€18,162 | -36.8% |
| Financial debts | 170/4 | €49,384 | €31,222 | -€18,162 | -36.8% |
| Amounts payable within one year | 42/48 | €92,447 | €71,560 | -€20,887 | -22.6% |
| Current portion of amounts payable after more than one year | 42 | €29,806 | €18,662 | -€11,144 | -37.4% |
| Trade debts | 44 | €34,071 | €21,866 | -€12,205 | -35.8% |
| Suppliers | 440/4 | €34,071 | €21,866 | -€12,205 | -35.8% |
| Taxes, remuneration and social security | 45 | €22,348 | €25,677 | +€3,329 | +14.9% |
| Taxes | 450/3 | €14,347 | €25,677 | +€11,330 | +79.0% |
| Remuneration and social security | 454/9 | €8,001 | - | -€8,001 | |
| Other amounts payable | 47/48 | €6,222 | €5,355 | -€867 | -13.9% |
| Turnover | 70 | €1,047,457 | €1,090,505 | +€43,048 | +4.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €867,124 | €901,030 | +€33,906 | +3.9% |
| Remuneration, social security and pensions | 62 | €97,242 | €96,633 | -€609 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,728 | €13,546 | +€2,818 | +26.3% |
| Other operating charges | 640/8 | €1,301 | €2,349 | +€1,048 | +80.6% |
| Gross operating margin | 9900 | €180,333 | €189,475 | +€9,142 | +5.1% |
| Operating profit (loss) | 9901 | €71,062 | €76,947 | +€5,885 | +8.3% |
| Financial income | 75/76B | €314 | €1,020 | +€706 | +225% |
| Recurring financial income | 75 | €314 | €164 | -€150 | -47.8% |
| Non-recurring financial income | 76B | - | €856 | +€856 | |
| Financial charges | 65/66B | €7,046 | €8,081 | +€1,035 | +14.7% |
| Recurring financial charges | 65 | €6,966 | €8,081 | +€1,115 | +16.0% |
| Non-recurring financial charges | 66B | €80 | - | -€80 | |
| Profit (loss) for the period before taxes | 9903 | €64,330 | €69,886 | +€5,556 | +8.6% |
| Income taxes | 67/77 | €28,148 | €12,974 | -€15,174 | -53.9% |
| Profit (loss) for the period | 9904 | €36,182 | €56,912 | +€20,730 | +57.3% |
| Profit (loss) for the period to be appropriated | 9905 | €36,182 | €56,912 | +€20,730 | +57.3% |
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 24 October 2026 via checked.be.