JMV CONCEPTS: 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.
JMV CONCEPTS
Largest movements
- Receivables within one year -€38,829
down €38,829 (-53.5%), from €72,614 to €33,786
of which Trade receivables: -€39,437
- Tangible fixed assets +€36,174
up €36,174 (+80.4%), from €45,006 to €81,181
of which Leasing and similar rights: +€24,715
- Deferred charges and accrued income +€3,342
up €3,342 (+131%), from €2,555 to €5,897
- Financial fixed assets -€3,000
down €3,000 (-75.0%), from €4,000 to €1,000
- Cash +€2,019
up €2,019 (+28.0%), from €7,212 to €9,230
mainly Receivables within one year (+€38,829) and Depreciation (+€19,719)
- Debts after one year +€14,569
up €14,569 (+58.7%), from €24,805 to €39,375
- Trade debts -€12,224
down €12,224 (-44.7%), from €27,339 to €15,115
- Profit (loss) carried forward -€11,413
down €11,413 (-57.7%), from €19,767 to €8,354
- Reserves +€10,104
up €10,104 (+543%), from €1,860 to €11,964
of which Tax-exempt reserves: +€10,104
- Tax, wage and social debts -€6,165
down €6,165 (-25.9%), from €23,798 to €17,633
of which Taxes: -€7,853
- Gross operating margin +€33,767
up €33,767 (+45.6%), from €74,045 to €107,811
- Write-downs +€29,322
new in 2025: €29,322
- Depreciation +€9,236
up €9,236 (+88.1%), from €10,484 to €19,719
- Financial charges +€4,870
up €4,870 (+705%), from €690 to €5,560
of which Non-recurring financial charges: +€3,000
- Other operating charges -€2,587
down €2,587 (-35.0%), from €7,390 to €4,803
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 | €131,388 | €131,093 | -€294 | -0.2% |
| Fixed assets | 21/28 | €49,006 | €82,181 | +€33,174 | +67.7% |
| Tangible fixed assets | 22/27 | €45,006 | €81,181 | +€36,174 | +80.4% |
| Plant, machinery and equipment | 23 | €4,361 | €19,995 | +€15,633 | +358% |
| Furniture and vehicles | 24 | €9,738 | €5,564 | -€4,175 | -42.9% |
| Leasing and similar rights | 25 | €30,907 | €55,622 | +€24,715 | +80.0% |
| Financial fixed assets | 28 | €4,000 | €1,000 | -€3,000 | -75.0% |
| Current assets | 29/58 | €82,381 | €48,913 | -€33,469 | -40.6% |
| Amounts receivable within one year | 40/41 | €72,614 | €33,786 | -€38,829 | -53.5% |
| Trade receivables | 40 | €64,909 | €25,472 | -€39,437 | -60.8% |
| Other amounts receivable | 41 | €7,705 | €8,314 | +€609 | +7.9% |
| Cash at bank and in hand | 54/58 | €7,212 | €9,230 | +€2,019 | +28.0% |
| Deferred charges and accrued income | 490/1 | €2,555 | €5,897 | +€3,342 | +131% |
| Total equity and liabilities | 10/49 | €131,388 | €131,093 | -€294 | -0.2% |
| Equity | 10/15 | €27,877 | €26,568 | -€1,309 | -4.7% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Reserves | 13 | €1,860 | €11,964 | +€10,104 | +543% |
| 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 | - | €10,104 | +€10,104 | |
| Profit (loss) carried forward | 14 | €19,767 | €8,354 | -€11,413 | -57.7% |
| Amounts payable | 17/49 | €103,511 | €104,525 | +€1,014 | +1.0% |
| Amounts payable after more than one year | 17 | €24,805 | €39,375 | +€14,569 | +58.7% |
| Financial debts | 170/4 | €24,805 | €39,375 | +€14,569 | +58.7% |
| Amounts payable within one year | 42/48 | €78,705 | €65,059 | -€13,646 | -17.3% |
| Current portion of amounts payable after more than one year | 42 | €6,238 | €11,597 | +€5,358 | +85.9% |
| Trade debts | 44 | €27,339 | €15,115 | -€12,224 | -44.7% |
| Suppliers | 440/4 | €27,339 | €15,115 | -€12,224 | -44.7% |
| Taxes, remuneration and social security | 45 | €23,798 | €17,633 | -€6,165 | -25.9% |
| Taxes | 450/3 | €14,284 | €6,431 | -€7,853 | -55.0% |
| Remuneration and social security | 454/9 | €9,514 | €11,202 | +€1,688 | +17.7% |
| Other amounts payable | 47/48 | €21,330 | €20,714 | -€616 | -2.9% |
| Accrued charges and deferred income | 492/3 | - | €91 | +€91 | |
| Non-recurring operating income | 76A | €7,171 | €5,911 | -€1,260 | -17.6% |
| Remuneration, social security and pensions | 62 | €48,174 | €47,974 | -€200 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,484 | €19,719 | +€9,236 | +88.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €29,322 | +€29,322 | |
| Other operating charges | 640/8 | €7,390 | €4,803 | -€2,587 | -35.0% |
| Non-recurring operating charges | 66A | €916 | - | -€916 | |
| Gross operating margin | 9900 | €74,045 | €107,811 | +€33,767 | +45.6% |
| Operating profit (loss) | 9901 | €7,081 | €5,993 | -€1,088 | -15.4% |
| Financial income | 75/76B | €15 | €0 | -€15 | -99.9% |
| Recurring financial income | 75 | €15 | €0 | -€15 | -99.9% |
| Financial charges | 65/66B | €690 | €5,560 | +€4,870 | +705% |
| Recurring financial charges | 65 | €690 | €2,560 | +€1,870 | +271% |
| Non-recurring financial charges | 66B | - | €3,000 | +€3,000 | |
| Profit (loss) for the period before taxes | 9903 | €6,406 | €433 | -€5,973 | -93.2% |
| Income taxes | 67/77 | €3,937 | €1,742 | -€2,195 | -55.8% |
| Profit (loss) for the period | 9904 | €2,469 | -€1,309 | -€3,778 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,469 | -€1,309 | -€3,778 |
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.