JMPL: 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.
What changed
JMPL
NACE 68.110, Buying and selling of own real estate
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
€397,776
2025 · €427,940-€30,163
Equity
€2.1m
2025 · €1.7m+€397,776
Cash
€504,950
2025 · €973,850-€468,899
Balance sheet total
€3.4m
2025 · €4.1m-€688,150
Largest movements
Assets
- Stocks and contracts -€1.0m
down €1.0m (-100%), from €1.0m to €0
- Receivables after one year +€500,000
new in 2026: €500,000
- Cash -€468,899
down €468,899 (-48.1%), from €973,850 to €504,950
mainly Receivables after one year (-€500,000) and Receivables within one year (-€377,467)
- Receivables within one year +€377,467
up €377,467 (+57.7%), from €654,544 to €1.0m
of which Trade receivables: +€673,926
- Current investments +€211,923
up €211,923 (+42.4%), from €499,934 to €711,857
Equity and liabilities
- Reserves +€351,142
up €351,142 (+50.2%), from €699,888 to €1.1m
of which Distributable reserves: +€351,142
- Trade debts -€336,794
down €336,794 (-23.8%), from €1.4m to €1.1m
- Other debts -€232,463
down €232,463 (-98.8%), from €235,187 to €2,724
- Short-term financial debts -€200,000
down €200,000 (-100%), from €200,000 to €0
- Current portion of long-term debt -€186,668
down €186,668 (-100%), from €186,668 to €0
Income statement
- Turnover -€24.1m
no longer reported in 2026 (was €24.1m)
- Goods and materials -€20.4m
no longer reported in 2026 (was €20.4m)
of which Purchases: -€20.4m
- Gross operating margin +€1.9m
new in 2026: €1.9m
- Services and other goods -€1.9m
no longer reported in 2026 (was €1.9m)
- Other operating income -€411,871
no longer reported in 2026 (was €411,871)
From the 2025 result to the 2026 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.
Result 2025
€427,940
Turnover
-€24.1m
Other operating income
-€411,871
Goods and materials
+€20.4m
Services and other goods
+€1.9m
Staff costs
+€394,444
Depreciation
+€3,660
Other operating charges
+€11,294
Other operating items
+€1.9m
Financial income
-€1,569
Financial charges
+€20,709
Taxes
-€104,423
Result 2026
€397,776
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€240,108
Investment
-€211,923
Financing
-€497,084
Cash 2025
€973,850
From operations (derived)
+€240,108
Net result for the year
+€397,776
Depreciation
+€201,023
Receivables after one year
-€500,000
Stocks and contracts
+€1.0m
Receivables within one year
-€377,467
Deferred charges and accrued income
+€61,757
Trade debts
-€336,794
Tax, wage and social debts
-€18,294
Other debts
-€232,463
Accrued charges and deferred income
-€1,292
Investment (derived)
-€211,923
Current investments
-€211,923
Financing
-€497,084
Debts after one year
-€110,416
Current portion of long-term debt
-€186,668
Short-term financial debts
-€200,000
Cash 2026
€504,950
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,110,929 | €3,422,778 | -€688,150 | -16.7% |
| Fixed assets | 21/28 | €874,983 | €673,960 | -€201,023 | -23.0% |
| Tangible fixed assets | 22/27 | €872,016 | €670,993 | -€201,023 | -23.1% |
| Plant, machinery and equipment | 23 | €444,845 | €331,474 | -€113,371 | -25.5% |
| Furniture and vehicles | 24 | €39,767 | €30,460 | -€9,307 | -23.4% |
| Other tangible fixed assets | 26 | €387,404 | €309,059 | -€78,345 | -20.2% |
| Financial fixed assets | 28 | €2,967 | €2,967 | = | 0.0% |
| Other financial fixed assets | 284/8 | €2,967 | - | -€2,967 | |
| Amounts receivable and cash guarantees | 285/8 | €2,967 | - | -€2,967 | |
| Current assets | 29/58 | €3,235,946 | €2,748,819 | -€487,127 | -15.1% |
| Amounts receivable after more than one year | 29 | - | €500,000 | +€500,000 | |
| Other amounts receivable | 291 | - | €500,000 | +€500,000 | |
| Stocks and contracts in progress | 3 | €1,045,860 | €0 | -€1.0m | -100% |
| Stocks | 30/36 | €1,045,860 | €0 | -€1.0m | -100% |
| Goods purchased for resale | 34 | €1,045,860 | - | -€1.0m | |
| Amounts receivable within one year | 40/41 | €654,544 | €1,032,011 | +€377,467 | +57.7% |
| Trade receivables | 40 | €68,056 | €741,982 | +€673,926 | +990% |
| Other amounts receivable | 41 | €586,488 | €290,029 | -€296,459 | -50.5% |
| Current investments | 50/53 | €499,934 | €711,857 | +€211,923 | +42.4% |
| Other investments | 51/53 | €499,934 | - | -€499,934 | |
| Cash at bank and in hand | 54/58 | €973,850 | €504,950 | -€468,899 | -48.1% |
| Deferred charges and accrued income | 490/1 | €61,757 | €0 | -€61,757 | -100% |
| Total equity and liabilities | 10/49 | €4,110,929 | €3,422,778 | -€688,150 | -16.7% |
| Equity | 10/15 | €1,710,192 | €2,107,968 | +€397,776 | +23.3% |
| Contributions | 10/11 | €1,010,304 | €1,010,304 | = | 0.0% |
| Capital | 10 | €1,010,304 | €1,010,304 | = | 0.0% |
| Issued capital | 100 | €1,010,304 | €1,010,304 | = | 0.0% |
| Reserves | 13 | €699,888 | €1,051,030 | +€351,142 | +50.2% |
| Non-distributable reserves | 130/1 | €101,030 | €101,030 | = | 0.0% |
| Legal reserve | 130 | €101,030 | €101,030 | = | 0.0% |
| Distributable reserves | 133 | €598,858 | €950,000 | +€351,142 | +58.6% |
| Profit (loss) carried forward | 14 | - | €46,634 | +€46,634 | |
| Amounts payable | 17/49 | €2,400,737 | €1,314,810 | -€1.1m | -45.2% |
| Amounts payable after more than one year | 17 | €110,416 | €0 | -€110,416 | -100% |
| Financial debts | 170/4 | €110,416 | €0 | -€110,416 | -100% |
| Credit institutions | 173 | €110,416 | - | -€110,416 | |
| Amounts payable within one year | 42/48 | €2,288,765 | €1,314,546 | -€974,218 | -42.6% |
| Current portion of amounts payable after more than one year | 42 | €186,668 | €0 | -€186,668 | -100% |
| Financial debts | 43 | €200,000 | €0 | -€200,000 | -100% |
| Credit institutions | 430/8 | €200,000 | €0 | -€200,000 | -100% |
| Trade debts | 44 | €1,412,682 | €1,075,888 | -€336,794 | -23.8% |
| Suppliers | 440/4 | €1,412,682 | €1,075,888 | -€336,794 | -23.8% |
| Taxes, remuneration and social security | 45 | €254,227 | €235,934 | -€18,294 | -7.2% |
| Taxes | 450/3 | €79,742 | €235,431 | +€155,689 | +195% |
| Remuneration and social security | 454/9 | €174,485 | €503 | -€173,982 | -99.7% |
| Other amounts payable | 47/48 | €235,187 | €2,724 | -€232,463 | -98.8% |
| Accrued charges and deferred income | 492/3 | €1,556 | €264 | -€1,292 | -83.0% |
| Operating income | 70/76A | €24,554,328 | - | -€24.6m | |
| Turnover | 70 | €24,142,457 | - | -€24.1m | |
| Other operating income | 74 | €411,871 | - | -€411,871 | |
| Non-recurring operating income | 76A | - | €2,914 | +€2,914 | |
| Operating charges | 60/66A | €24,020,652 | - | -€24.0m | |
| Goods for resale, raw materials and consumables | 60 | €20,376,945 | - | -€20.4m | |
| Purchases | 600/8 | €20,385,722 | - | -€20.4m | |
| Change in stocks: decrease (increase) | 609 | -€8,776 | - | +€8,776 | |
| Services and other goods | 61 | €1,901,224 | - | -€1.9m | |
| Remuneration, social security and pensions | 62 | €1,486,891 | €1,092,447 | -€394,444 | -26.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €204,684 | €201,023 | -€3,660 | -1.8% |
| Other operating charges | 640/8 | €50,909 | €39,615 | -€11,294 | -22.2% |
| Gross operating margin | 9900 | - | €1,921,880 | +€1.9m | |
| Operating profit (loss) | 9901 | €533,676 | €588,795 | +€55,120 | +10.3% |
| Financial income | 75/76B | €6,986 | €5,417 | -€1,569 | -22.5% |
| Recurring financial income | 75 | €6,986 | €5,417 | -€1,569 | -22.5% |
| Income from current assets | 751 | €6,940 | - | -€6,940 | |
| Other financial income | 752/9 | €46 | - | -€46 | |
| Financial charges | 65/66B | €61,879 | €41,169 | -€20,709 | -33.5% |
| Recurring financial charges | 65 | €61,879 | €41,169 | -€20,709 | -33.5% |
| Debt charges | 650 | €60,978 | - | -€60,978 | |
| Other financial charges | 652/9 | €901 | - | -€901 | |
| Profit (loss) for the period before taxes | 9903 | €478,783 | €553,043 | +€74,260 | +15.5% |
| Income taxes | 67/77 | €50,843 | €155,267 | +€104,423 | +205% |
| Taxes | 670/3 | €70,947 | - | -€70,947 | |
| Tax adjustments and reversals of tax provisions | 77 | €20,104 | - | -€20,104 | |
| Profit (loss) for the period | 9904 | €427,940 | €397,776 | -€30,163 | -7.0% |
| Profit (loss) for the period to be appropriated | 9905 | €427,940 | €397,776 | -€30,163 | -7.0% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.