JMR MANAGER: 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.
JMR MANAGER
Largest movements
- Tangible fixed assets +€407,574
new in 2026: €407,574
of which Land and buildings: +€402,825
- Deferred charges and accrued income -€133,498
down €133,498 (-55.2%), from €241,680 to €108,182
- Cash +€103,024
up €103,024 (+60.9%), from €169,303 to €272,327
mainly Debts after one year (+€300,600) and Deferred charges and accrued income (+€133,498)
- Debts after one year +€300,600
new in 2026: €300,600
- Profit (loss) carried forward +€48,255
up €48,255 (+556%), from €8,678 to €56,933
- Current portion of long-term debt +€25,359
new in 2026: €25,359
- Gross operating margin -€138,377
down €138,377 (-51.7%), from €267,663 to €129,286
- Depreciation +€61,531
new in 2026: €61,531
- Taxes -€49,649
down €49,649 (-79.4%), from €62,498 to €12,849
- Financial income -€3,476
down €3,476 (-95.0%), from €3,659 to €183
- Financial charges +€2,840
up €2,840 (+141%), from €2,013 to €4,854
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.
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.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €411,583 | €788,083 | +€376,500 | +91.5% |
| Fixed assets | 21/28 | - | €407,574 | +€407,574 | |
| Tangible fixed assets | 22/27 | - | €407,574 | +€407,574 | |
| Land and buildings | 22 | - | €402,825 | +€402,825 | |
| Plant, machinery and equipment | 23 | - | €4,749 | +€4,749 | |
| Current assets | 29/58 | €411,583 | €380,509 | -€31,074 | -7.5% |
| Amounts receivable within one year | 40/41 | €600 | - | -€600 | |
| Other amounts receivable | 41 | €600 | - | -€600 | |
| Cash at bank and in hand | 54/58 | €169,303 | €272,327 | +€103,024 | +60.9% |
| Deferred charges and accrued income | 490/1 | €241,680 | €108,182 | -€133,498 | -55.2% |
| Total equity and liabilities | 10/49 | €411,583 | €788,083 | +€376,500 | +91.5% |
| Equity | 10/15 | €399,678 | €447,933 | +€48,255 | +12.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €390,000 | €390,000 | = | 0.0% |
| Distributable reserves | 133 | €390,000 | €390,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,678 | €56,933 | +€48,255 | +556% |
| Amounts payable | 17/49 | €11,905 | €340,150 | +€328,245 | +2,757% |
| Amounts payable after more than one year | 17 | - | €300,600 | +€300,600 | |
| Financial debts | 170/4 | - | €300,600 | +€300,600 | |
| Amounts payable within one year | 42/48 | €10,947 | €39,539 | +€28,593 | +261% |
| Current portion of amounts payable after more than one year | 42 | - | €25,359 | +€25,359 | |
| Trade debts | 44 | €3,114 | €2,953 | -€160 | -5.1% |
| Suppliers | 440/4 | €3,114 | €2,953 | -€160 | -5.1% |
| Taxes, remuneration and social security | 45 | €7,833 | €11,227 | +€3,394 | +43.3% |
| Taxes | 450/3 | €7,833 | €11,227 | +€3,394 | +43.3% |
| Accrued charges and deferred income | 492/3 | €959 | €11 | -€948 | -98.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €61,531 | +€61,531 | |
| Other operating charges | 640/8 | €387 | €1,980 | +€1,593 | +411% |
| Gross operating margin | 9900 | €267,663 | €129,286 | -€138,377 | -51.7% |
| Operating profit (loss) | 9901 | €267,276 | €65,775 | -€201,501 | -75.4% |
| Financial income | 75/76B | €3,659 | €183 | -€3,476 | -95.0% |
| Recurring financial income | 75 | €3,659 | €183 | -€3,476 | -95.0% |
| Financial charges | 65/66B | €2,013 | €4,854 | +€2,840 | +141% |
| Recurring financial charges | 65 | €2,013 | €4,854 | +€2,840 | +141% |
| Profit (loss) for the period before taxes | 9903 | €268,921 | €61,104 | -€207,818 | -77.3% |
| Income taxes | 67/77 | €62,498 | €12,849 | -€49,649 | -79.4% |
| Profit (loss) for the period | 9904 | €206,424 | €48,255 | -€158,169 | -76.6% |
| Profit (loss) for the period to be appropriated | 9905 | €206,424 | €48,255 | -€158,169 | -76.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.