JMP & Co: 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.
JMP & Co
Largest movements
- Tangible fixed assets -€31,713
down €31,713 (-19.7%), from €160,808 to €129,096
of which Furniture and vehicles: -€30,042
- Receivables within one year -€29,969
down €29,969 (-67.1%), from €44,663 to €14,694
of which Trade receivables: -€22,442
- Cash -€19,287
down €19,287 (-25.5%), from €75,527 to €56,239
mainly Debts after one year (-€38,123) and Net result for the year (-€36,032)
- Debts after one year -€38,123
down €38,123 (-35.2%), from €108,393 to €70,271
- Profit (loss) carried forward -€36,032
down €36,032 (-385%), from -€9,370 to -€45,402
- Tax, wage and social debts -€7,016
down €7,016 (-37.3%), from €18,813 to €11,796
of which Taxes: -€6,450
- Gross operating margin -€28,175
down €28,175 (-40.2%), from €70,117 to €41,942
- Other operating charges -€10,683
down €10,683 (-85.6%), from €12,478 to €1,795
- Depreciation +€7,463
up €7,463 (+30.8%), from €24,250 to €31,713
- Financial charges +€1,724
up €1,724 (+37.0%), from €4,661 to €6,385
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 | €289,067 | €208,587 | -€80,479 | -27.8% |
| Fixed assets | 21/28 | €161,708 | €129,996 | -€31,713 | -19.6% |
| Tangible fixed assets | 22/27 | €160,808 | €129,096 | -€31,713 | -19.7% |
| Land and buildings | 22 | €379 | €190 | -€190 | -50.0% |
| Plant, machinery and equipment | 23 | €2,710 | €1,229 | -€1,481 | -54.6% |
| Furniture and vehicles | 24 | €157,719 | €127,677 | -€30,042 | -19.0% |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €127,359 | €78,592 | -€48,767 | -38.3% |
| Amounts receivable within one year | 40/41 | €44,663 | €14,694 | -€29,969 | -67.1% |
| Trade receivables | 40 | €29,736 | €7,294 | -€22,442 | -75.5% |
| Other amounts receivable | 41 | €14,927 | €7,400 | -€7,527 | -50.4% |
| Cash at bank and in hand | 54/58 | €75,527 | €56,239 | -€19,287 | -25.5% |
| Deferred charges and accrued income | 490/1 | €7,169 | €7,659 | +€490 | +6.8% |
| Total equity and liabilities | 10/49 | €289,067 | €208,587 | -€80,479 | -27.8% |
| Equity | 10/15 | €96,017 | €59,985 | -€36,032 | -37.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €86,787 | €86,787 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €84,927 | €86,787 | +€1,860 | +2.2% |
| Profit (loss) carried forward | 14 | -€9,370 | -€45,402 | -€36,032 | -385% |
| Amounts payable | 17/49 | €193,050 | €148,603 | -€44,447 | -23.0% |
| Amounts payable after more than one year | 17 | €108,393 | €70,271 | -€38,123 | -35.2% |
| Financial debts | 170/4 | €108,393 | €70,271 | -€38,123 | -35.2% |
| Amounts payable within one year | 42/48 | €84,657 | €78,256 | -€6,401 | -7.6% |
| Current portion of amounts payable after more than one year | 42 | €37,005 | €38,123 | +€1,117 | +3.0% |
| Trade debts | 44 | - | €485 | +€485 | |
| Suppliers | 440/4 | - | €485 | +€485 | |
| Taxes, remuneration and social security | 45 | €18,813 | €11,796 | -€7,016 | -37.3% |
| Taxes | 450/3 | €13,003 | €6,553 | -€6,450 | -49.6% |
| Remuneration and social security | 454/9 | €5,810 | €5,244 | -€566 | -9.7% |
| Other amounts payable | 47/48 | €28,839 | €27,852 | -€987 | -3.4% |
| Accrued charges and deferred income | 492/3 | - | €76 | +€76 | |
| Remuneration, social security and pensions | 62 | €38,038 | €38,066 | +€28 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,250 | €31,713 | +€7,463 | +30.8% |
| Other operating charges | 640/8 | €12,478 | €1,795 | -€10,683 | -85.6% |
| Gross operating margin | 9900 | €70,117 | €41,942 | -€28,175 | -40.2% |
| Operating profit (loss) | 9901 | -€4,649 | -€29,631 | -€24,982 | -537% |
| Financial income | 75/76B | €40 | €216 | +€176 | +443% |
| Recurring financial income | 75 | €40 | €216 | +€176 | +443% |
| Financial charges | 65/66B | €4,661 | €6,385 | +€1,724 | +37.0% |
| Recurring financial charges | 65 | €4,661 | €6,385 | +€1,724 | +37.0% |
| Profit (loss) for the period before taxes | 9903 | -€9,270 | -€35,800 | -€26,530 | -286% |
| Income taxes | 67/77 | €100 | €232 | +€132 | +133% |
| Profit (loss) for the period | 9904 | -€9,370 | -€36,032 | -€26,662 | -285% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,370 | -€36,032 | -€26,662 | -285% |
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 19 October 2026 via checked.be.