JMTB: 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.
JMTB
Largest movements
- Receivables within one year -€10,992
down €10,992 (-38.2%), from €28,795 to €17,803
of which Trade receivables: -€9,654
- Tangible fixed assets -€2,331
down €2,331 (-29.1%), from €8,021 to €5,690
of which Furniture and vehicles: -€3,138
- Cash +€894
up €894 (+2.1%), from €41,783 to €42,677
mainly Receivables within one year (+€10,992) and Depreciation (+€4,927)
- Profit (loss) carried forward -€9,904
down €9,904 (-23.7%), from €41,759 to €31,855
- Debts after one year -€2,753
down €2,753 (-26.0%), from €10,573 to €7,820
- Gross operating margin -€26,421
down €26,421, from €23,462 to -€2,959
- Taxes -€1,567
no longer reported in 2025 (was €1,567)
- Depreciation -€953
down €953 (-16.2%), from €5,880 to €4,927
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 | €80,465 | €68,031 | -€12,434 | -15.5% |
| Fixed assets | 21/28 | €8,021 | €5,690 | -€2,331 | -29.1% |
| Tangible fixed assets | 22/27 | €8,021 | €5,690 | -€2,331 | -29.1% |
| Plant, machinery and equipment | 23 | €1,508 | €2,316 | +€808 | +53.5% |
| Furniture and vehicles | 24 | €6,513 | €3,375 | -€3,138 | -48.2% |
| Current assets | 29/58 | €72,444 | €62,341 | -€10,103 | -13.9% |
| Amounts receivable within one year | 40/41 | €28,795 | €17,803 | -€10,992 | -38.2% |
| Trade receivables | 40 | €25,252 | €15,599 | -€9,654 | -38.2% |
| Other amounts receivable | 41 | €3,542 | €2,205 | -€1,338 | -37.8% |
| Cash at bank and in hand | 54/58 | €41,783 | €42,677 | +€894 | +2.1% |
| Deferred charges and accrued income | 490/1 | €1,866 | €1,860 | -€6 | -0.3% |
| Total equity and liabilities | 10/49 | €80,465 | €68,031 | -€12,434 | -15.5% |
| Equity | 10/15 | €62,434 | €52,530 | -€9,904 | -15.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €15,675 | €15,675 | = | 0.0% |
| Distributable reserves | 133 | €15,675 | €15,675 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,759 | €31,855 | -€9,904 | -23.7% |
| Amounts payable | 17/49 | €18,032 | €15,501 | -€2,530 | -14.0% |
| Amounts payable after more than one year | 17 | €10,573 | €7,820 | -€2,753 | -26.0% |
| Other amounts payable | 178/9 | €10,573 | €7,820 | -€2,753 | -26.0% |
| Amounts payable within one year | 42/48 | €7,459 | €7,682 | +€223 | +3.0% |
| Trade debts | 44 | €2,967 | €2,457 | -€509 | -17.2% |
| Suppliers | 440/4 | €2,967 | €2,457 | -€509 | -17.2% |
| Taxes, remuneration and social security | 45 | €4,492 | €5,224 | +€733 | +16.3% |
| Taxes | 450/3 | €1,567 | €1,200 | -€367 | -23.4% |
| Remuneration and social security | 454/9 | €2,924 | €4,024 | +€1,100 | +37.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,880 | €4,927 | -€953 | -16.2% |
| Other operating charges | 640/8 | €149 | €256 | +€107 | +72.2% |
| Non-recurring operating charges | 66A | - | €1,577 | +€1,577 | |
| Gross operating margin | 9900 | €23,462 | -€2,959 | -€26,421 | |
| Operating profit (loss) | 9901 | €17,433 | -€9,719 | -€27,151 | |
| Financial income | 75/76B | €45 | - | -€45 | |
| Recurring financial income | 75 | €45 | - | -€45 | |
| Financial charges | 65/66B | €236 | €185 | -€50 | -21.4% |
| Recurring financial charges | 65 | €236 | €185 | -€50 | -21.4% |
| Profit (loss) for the period before taxes | 9903 | €17,242 | -€9,904 | -€27,146 | |
| Income taxes | 67/77 | €1,567 | - | -€1,567 | |
| Profit (loss) for the period | 9904 | €15,675 | -€9,904 | -€25,579 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,675 | -€9,904 | -€25,579 |
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 4 October 2026 via checked.be.