JMP4U: 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.
JMP4U
Largest movements
- Cash -€27,640
down €27,640 (-99.2%), from €27,864 to €224
mainly Investment in fixed assets (net) (-€21,962) and Net result for the year (-€11,913)
- Tangible fixed assets +€9,137
up €9,137 (+3.0%), from €302,363 to €311,500
of which Land and buildings: +€7,611
- Formation expenses -€4,359
down €4,359 (-39.9%), from €10,923 to €6,564
- Profit (loss) carried forward -€11,913
down €11,913 (-199%), from -€5,983 to -€17,896
- Debts after one year -€9,312
down €9,312 (-3.6%), from €257,476 to €248,165
- Depreciation +€7,194
up €7,194 (+72.0%), from €9,989 to €17,184
- Gross operating margin +€3,294
up €3,294 (+25.0%), from €13,191 to €16,485
- Financial charges +€2,175
up €2,175 (+28.5%), from €7,635 to €9,810
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 | €342,270 | €320,373 | -€21,897 | -6.4% |
| Formation expenses | 20 | €10,923 | €6,564 | -€4,359 | -39.9% |
| Fixed assets | 21/28 | €302,363 | €311,500 | +€9,137 | +3.0% |
| Tangible fixed assets | 22/27 | €302,363 | €311,500 | +€9,137 | +3.0% |
| Land and buildings | 22 | €296,057 | €303,668 | +€7,611 | +2.6% |
| Plant, machinery and equipment | 23 | €6,306 | €5,336 | -€970 | -15.4% |
| Furniture and vehicles | 24 | - | €2,496 | +€2,496 | |
| Current assets | 29/58 | €28,984 | €2,309 | -€26,675 | -92.0% |
| Amounts receivable within one year | 40/41 | €1,023 | €423 | -€599 | -58.6% |
| Trade receivables | 40 | €599 | - | -€599 | |
| Other amounts receivable | 41 | €423 | €423 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €27,864 | €224 | -€27,640 | -99.2% |
| Deferred charges and accrued income | 490/1 | €97 | €1,662 | +€1,565 | +1,609% |
| Total equity and liabilities | 10/49 | €342,270 | €320,373 | -€21,897 | -6.4% |
| Equity | 10/15 | €4,017 | -€7,896 | -€11,913 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,983 | -€17,896 | -€11,913 | -199% |
| Amounts payable | 17/49 | €338,253 | €328,269 | -€9,984 | -3.0% |
| Amounts payable after more than one year | 17 | €257,476 | €248,165 | -€9,312 | -3.6% |
| Financial debts | 170/4 | €257,476 | €248,165 | -€9,312 | -3.6% |
| Amounts payable within one year | 42/48 | €77,977 | €80,105 | +€2,128 | +2.7% |
| Current portion of amounts payable after more than one year | 42 | €8,943 | €10,071 | +€1,128 | +12.6% |
| Trade debts | 44 | €1,616 | €1,175 | -€442 | -27.3% |
| Suppliers | 440/4 | €1,616 | €1,175 | -€442 | -27.3% |
| Taxes, remuneration and social security | 45 | €2,441 | €607 | -€1,834 | -75.1% |
| Taxes | 450/3 | €2,441 | €607 | -€1,834 | -75.1% |
| Other amounts payable | 47/48 | €64,976 | €68,252 | +€3,276 | +5.0% |
| Accrued charges and deferred income | 492/3 | €2,800 | - | -€2,800 | |
| Non-recurring operating income | 76A | - | €887 | +€887 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,989 | €17,184 | +€7,194 | +72.0% |
| Other operating charges | 640/8 | €1,550 | €1,407 | -€143 | -9.2% |
| Gross operating margin | 9900 | €13,191 | €16,485 | +€3,294 | +25.0% |
| Operating profit (loss) | 9901 | €1,651 | -€2,105 | -€3,757 | |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €7,635 | €9,810 | +€2,175 | +28.5% |
| Recurring financial charges | 65 | €7,635 | €9,810 | +€2,175 | +28.5% |
| Profit (loss) for the period before taxes | 9903 | -€5,983 | -€11,913 | -€5,929 | -99.1% |
| Profit (loss) for the period | 9904 | -€5,983 | -€11,913 | -€5,929 | -99.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,983 | -€11,913 | -€5,929 | -99.1% |
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 15 October 2026 via checked.be.