JMRW-ENGINEERING: 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.
JMRW-ENGINEERING
Largest movements
- Cash -€218,249
down €218,249 (-79.2%), from €275,681 to €57,432
mainly Current investments (-€178,200) and Contributions, distributions and other (-€158,381)
- Current investments +€178,200
up €178,200 (+89.1%), from €200,000 to €378,200
- Receivables within one year +€43,107
up €43,107 (+107%), from €40,446 to €83,553
of which Trade receivables: +€36,949
- Tangible fixed assets -€12,199
down €12,199 (-47.0%), from €25,964 to €13,764
- Debts after one year -€10,383
down €10,383 (-85.7%), from €12,121 to €1,738
- Gross operating margin -€10,862
down €10,862 (-4.9%), from €220,363 to €209,501
- Financial income +€3,885
up €3,885 (+56.4%), from €6,884 to €10,769
- Taxes -€2,434
down €2,434 (-4.9%), from €49,507 to €47,072
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 | €546,992 | €539,777 | -€7,215 | -1.3% |
| Fixed assets | 21/28 | €25,964 | €13,764 | -€12,199 | -47.0% |
| Tangible fixed assets | 22/27 | €25,964 | €13,764 | -€12,199 | -47.0% |
| Furniture and vehicles | 24 | €25,964 | €13,764 | -€12,199 | -47.0% |
| Current assets | 29/58 | €521,028 | €526,013 | +€4,985 | +1.0% |
| Amounts receivable within one year | 40/41 | €40,446 | €83,553 | +€43,107 | +107% |
| Trade receivables | 40 | €40,446 | €77,395 | +€36,949 | +91.4% |
| Other amounts receivable | 41 | €0 | €6,157 | +€6,157 | |
| Current investments | 50/53 | €200,000 | €378,200 | +€178,200 | +89.1% |
| Cash at bank and in hand | 54/58 | €275,681 | €57,432 | -€218,249 | -79.2% |
| Deferred charges and accrued income | 490/1 | €4,901 | €6,829 | +€1,928 | +39.3% |
| Total equity and liabilities | 10/49 | €546,992 | €539,777 | -€7,215 | -1.3% |
| Equity | 10/15 | €339,347 | €339,347 | = | 0.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €337,347 | €337,347 | = | 0.0% |
| Distributable reserves | 133 | €337,347 | €337,347 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €207,645 | €200,430 | -€7,215 | -3.5% |
| Amounts payable after more than one year | 17 | €12,121 | €1,738 | -€10,383 | -85.7% |
| Financial debts | 170/4 | €12,121 | €1,738 | -€10,383 | -85.7% |
| Amounts payable within one year | 42/48 | €195,173 | €198,604 | +€3,431 | +1.8% |
| Current portion of amounts payable after more than one year | 42 | €10,309 | €10,383 | +€74 | +0.7% |
| Trade debts | 44 | €3,007 | €6,709 | +€3,702 | +123% |
| Suppliers | 440/4 | €3,007 | €6,709 | +€3,702 | +123% |
| Taxes, remuneration and social security | 45 | €16,173 | €18,619 | +€2,446 | +15.1% |
| Taxes | 450/3 | €16,173 | €18,619 | +€2,446 | +15.1% |
| Other amounts payable | 47/48 | €165,683 | €162,892 | -€2,791 | -1.7% |
| Accrued charges and deferred income | 492/3 | €351 | €88 | -€262 | -74.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,023 | €12,199 | +€176 | +1.5% |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | €220,363 | €209,501 | -€10,862 | -4.9% |
| Operating profit (loss) | 9901 | €207,812 | €196,758 | -€11,054 | -5.3% |
| Financial income | 75/76B | €6,884 | €10,769 | +€3,885 | +56.4% |
| Recurring financial income | 75 | €6,884 | €10,769 | +€3,885 | +56.4% |
| Financial charges | 65/66B | €565 | €2,073 | +€1,509 | +267% |
| Recurring financial charges | 65 | €565 | €2,073 | +€1,509 | +267% |
| Profit (loss) for the period before taxes | 9903 | €214,131 | €205,453 | -€8,678 | -4.1% |
| Income taxes | 67/77 | €49,507 | €47,072 | -€2,434 | -4.9% |
| Profit (loss) for the period | 9904 | €164,624 | €158,381 | -€6,243 | -3.8% |
| Profit (loss) for the period to be appropriated | 9905 | €164,624 | €158,381 | -€6,243 | -3.8% |
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.