JMT: 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.
JMT
Largest movements
- Financial fixed assets +€90,441
new in 2025: €90,441
- Current investments -€85,369
no longer reported in 2025 (was €85,369)
- Cash +€70,170
up €70,170 (+61.9%), from €113,400 to €183,570
mainly Net result for the year (+€87,243) and Current investments (+€85,369)
- Receivables within one year -€63,974
down €63,974 (-70.6%), from €90,619 to €26,645
of which Trade receivables: -€44,333
- Tangible fixed assets -€25,205
down €25,205 (-14.2%), from €177,965 to €152,760
of which Furniture and vehicles: -€14,208
- Current portion of long-term debt -€19,034
down €19,034 (-91.6%), from €20,782 to €1,748
- Reserves +€16,707
up €16,707 (+4.5%), from €371,304 to €388,012
of which Distributable reserves: +€16,707
- Trade debts -€13,165
down €13,165 (-35.7%), from €36,837 to €23,672
- Accrued charges and deferred income +€5,272
up €5,272 (+50.8%), from €10,369 to €15,641
- Gross operating margin -€10,578
down €10,578 (-6.4%), from €164,875 to €154,297
- Depreciation +€8,216
up €8,216 (+32.2%), from €25,525 to €33,741
- Write-downs -€5,949
no longer reported in 2025 (was €5,949)
- Taxes -€3,671
down €3,671 (-10.1%), from €36,450 to €32,779
- Financial income +€3,543
up €3,543 (+209.6%), from €1,690 to €5,232
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.
Cash bridge derived
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 | €468,719 | €454,870 | -€13,849 | -3.0% |
| Fixed assets | 21/28 | €177,965 | €243,201 | +€65,237 | +36.7% |
| Tangible fixed assets | 22/27 | €177,965 | €152,760 | -€25,205 | -14.2% |
| Plant, machinery and equipment | 23 | €1,086 | - | -€1,086 | |
| Furniture and vehicles | 24 | €67,667 | €53,459 | -€14,208 | -21.0% |
| Other tangible fixed assets | 26 | €109,212 | €99,301 | -€9,911 | -9.1% |
| Financial fixed assets | 28 | - | €90,441 | +€90,441 | |
| Current assets | 29/58 | €290,754 | €211,669 | -€79,086 | -27.2% |
| Amounts receivable within one year | 40/41 | €90,619 | €26,645 | -€63,974 | -70.6% |
| Trade receivables | 40 | €58,149 | €13,816 | -€44,333 | -76.2% |
| Other amounts receivable | 41 | €32,471 | €12,829 | -€19,641 | -60.5% |
| Current investments | 50/53 | €85,369 | - | -€85,369 | |
| Cash at bank and in hand | 54/58 | €113,400 | €183,570 | +€70,170 | +61.9% |
| Deferred charges and accrued income | 490/1 | €1,366 | €1,454 | +€87 | +6.4% |
| Total equity and liabilities | 10/49 | €468,719 | €454,870 | -€13,849 | -3.0% |
| Equity | 10/15 | €377,504 | €394,212 | +€16,707 | +4.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €371,304 | €388,012 | +€16,707 | +4.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,527 | €13,527 | = | 0.0% |
| Distributable reserves | 133 | €355,917 | €372,625 | +€16,707 | +4.7% |
| Amounts payable | 17/49 | €91,215 | €60,658 | -€30,556 | -33.5% |
| Amounts payable after more than one year | 17 | €1,748 | - | -€1,748 | |
| Financial debts | 170/4 | €1,748 | - | -€1,748 | |
| Amounts payable within one year | 42/48 | €79,098 | €45,017 | -€34,081 | -43.1% |
| Current portion of amounts payable after more than one year | 42 | €20,782 | €1,748 | -€19,034 | -91.6% |
| Trade debts | 44 | €36,837 | €23,672 | -€13,165 | -35.7% |
| Suppliers | 440/4 | €36,837 | €23,672 | -€13,165 | -35.7% |
| Taxes, remuneration and social security | 45 | €9,280 | €10,171 | +€891 | +9.6% |
| Taxes | 450/3 | €9,280 | €8,747 | -€533 | -5.7% |
| Remuneration and social security | 454/9 | - | €1,424 | +€1,424 | |
| Other amounts payable | 47/48 | €12,200 | €9,427 | -€2,773 | -22.7% |
| Accrued charges and deferred income | 492/3 | €10,369 | €15,641 | +€5,272 | +50.8% |
| Non-recurring operating income | 76A | - | €500 | +€500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,525 | €33,741 | +€8,216 | +32.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,949 | - | -€5,949 | |
| Other operating charges | 640/8 | €3,045 | €2,981 | -€64 | -2.1% |
| Gross operating margin | 9900 | €164,875 | €154,297 | -€10,578 | -6.4% |
| Operating profit (loss) | 9901 | €130,355 | €117,575 | -€12,781 | -9.8% |
| Financial income | 75/76B | €1,690 | €5,232 | +€3,543 | +209.6% |
| Recurring financial income | 75 | €1,690 | €5,232 | +€3,543 | +209.6% |
| Financial charges | 65/66B | €1,079 | €2,785 | +€1,706 | +158.1% |
| Recurring financial charges | 65 | €1,079 | €1,028 | -€51 | -4.7% |
| Non-recurring financial charges | 66B | - | €1,757 | +€1,757 | |
| Profit (loss) for the period before taxes | 9903 | €130,966 | €120,022 | -€10,944 | -8.4% |
| Income taxes | 67/77 | €36,450 | €32,779 | -€3,671 | -10.1% |
| Profit (loss) for the period | 9904 | €94,516 | €87,243 | -€7,273 | -7.7% |
| Profit (loss) for the period to be appropriated | 9905 | €94,516 | €87,243 | -€7,273 | -7.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.