JMSA: what changed
Two fiscal 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.
JMSA
Largest movements
- Tangible fixed assets -€11,130
down €11,130 (-9.3%), from €120,166 to €109,037
- Cash -€6,556
down €6,556 (-40.5%), from €16,172 to €9,616
mainly Debts after one year (-€11,557) and Net result for the year (-€6,276)
- Debts after one year -€11,557
down €11,557 (-9.2%), from €125,889 to €114,332
- Profit (loss) carried forward -€6,276
down €6,276 (-81.6%), from -€7,687 to -€13,963
- Gross operating margin -€9,118
down €9,118 (-56.0%), from €16,274 to €7,157
- Financial charges -€1,401
down €1,401 (-42.3%), from €3,317 to €1,915
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €137,782 | €120,181 | -€17,601 | -12.8% |
| Fixed assets | 21/28 | €120,166 | €109,037 | -€11,130 | -9.3% |
| Tangible fixed assets | 22/27 | €120,166 | €109,037 | -€11,130 | -9.3% |
| Plant, machinery and equipment | 23 | €120,166 | €109,037 | -€11,130 | -9.3% |
| Current assets | 29/58 | €17,616 | €11,144 | -€6,472 | -36.7% |
| Cash at bank and in hand | 54/58 | €16,172 | €9,616 | -€6,556 | -40.5% |
| Deferred charges and accrued income | 490/1 | €1,444 | €1,529 | +€85 | +5.9% |
| Total equity and liabilities | 10/49 | €137,782 | €120,181 | -€17,601 | -12.8% |
| Equity | 10/15 | €373 | -€5,903 | -€6,276 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,687 | -€13,963 | -€6,276 | -81.6% |
| Amounts payable | 17/49 | €137,410 | €126,084 | -€11,326 | -8.2% |
| Amounts payable after more than one year | 17 | €125,889 | €114,332 | -€11,557 | -9.2% |
| Financial debts | 170/4 | €125,889 | €114,332 | -€11,557 | -9.2% |
| Amounts payable within one year | 42/48 | €11,521 | €11,752 | +€231 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €11,321 | €11,557 | +€236 | +2.1% |
| Financial debts | 43 | €200 | €195 | -€5 | -2.5% |
| Other loans | 439 | €200 | €195 | -€5 | -2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,130 | €11,130 | = | 0.0% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | €16,274 | €7,157 | -€9,118 | -56.0% |
| Operating profit (loss) | 9901 | €4,760 | -€4,360 | -€9,121 | |
| Financial charges | 65/66B | €3,317 | €1,915 | -€1,401 | -42.3% |
| Recurring financial charges | 65 | €3,317 | €1,915 | -€1,401 | -42.3% |
| Profit (loss) for the period before taxes | 9903 | €1,444 | -€6,276 | -€7,719 | |
| Profit (loss) for the period | 9904 | €1,444 | -€6,276 | -€7,719 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,444 | -€6,276 | -€7,719 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.