JMV Management: 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 Management
Largest movements
- Cash +€64,645
up €64,645 (+138%), from €46,924 to €111,568
mainly Net result for the year (+€93,503) and Other debts (+€43,869)
- Receivables within one year -€23,829
no longer reported in 2025 (was €23,829)
of which Other amounts receivable: -€22,743
- Tangible fixed assets +€19,702
up €19,702 (+65.4%), from €30,138 to €49,840
of which Leasing and similar rights: +€18,184
- Other debts +€43,869
up €43,869 (+93.5%), from €46,930 to €90,799
- Tax, wage and social debts +€8,027
up €8,027 (+25.4%), from €31,551 to €39,578
of which Taxes: +€6,059
- Short-term financial debts +€4,990
new in 2025: €4,990
- Profit (loss) carried forward +€3,503
up €3,503 (+83.1%), from €4,218 to €7,721
- Gross operating margin +€63,641
up €63,641 (+82.3%), from €77,342 to €140,984
- Taxes +€14,134
up €14,134 (+96.0%), from €14,727 to €28,862
- Depreciation +€6,642
up €6,642 (+131%), from €5,057 to €11,699
- Staff costs -€6,111
down €6,111 (-88.5%), from €6,905 to €794
- Financial charges +€3,165
up €3,165 (+306%), from €1,034 to €4,199
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 | €104,833 | €164,042 | +€59,209 | +56.5% |
| Fixed assets | 21/28 | €30,168 | €49,870 | +€19,702 | +65.3% |
| Tangible fixed assets | 22/27 | €30,138 | €49,840 | +€19,702 | +65.4% |
| Plant, machinery and equipment | 23 | €1,594 | €1,080 | -€514 | -32.3% |
| Furniture and vehicles | 24 | €8,803 | €7,067 | -€1,736 | -19.7% |
| Leasing and similar rights | 25 | - | €18,184 | +€18,184 | |
| Other tangible fixed assets | 26 | €19,741 | €23,509 | +€3,769 | +19.1% |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €74,665 | €114,172 | +€39,507 | +52.9% |
| Amounts receivable within one year | 40/41 | €23,829 | - | -€23,829 | |
| Trade receivables | 40 | €1,086 | - | -€1,086 | |
| Other amounts receivable | 41 | €22,743 | - | -€22,743 | |
| Cash at bank and in hand | 54/58 | €46,924 | €111,568 | +€64,645 | +138% |
| Deferred charges and accrued income | 490/1 | €3,913 | €2,604 | -€1,309 | -33.4% |
| Total equity and liabilities | 10/49 | €104,833 | €164,042 | +€59,209 | +56.5% |
| Equity | 10/15 | €23,485 | €26,988 | +€3,503 | +14.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €667 | €667 | = | 0.0% |
| Distributable reserves | 133 | €667 | €667 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,218 | €7,721 | +€3,503 | +83.1% |
| Amounts payable | 17/49 | €81,349 | €137,055 | +€55,706 | +68.5% |
| Amounts payable within one year | 42/48 | €81,349 | €137,055 | +€55,706 | +68.5% |
| Financial debts | 43 | - | €4,990 | +€4,990 | |
| Credit institutions | 430/8 | - | €4,990 | +€4,990 | |
| Trade debts | 44 | €2,868 | €1,688 | -€1,180 | -41.2% |
| Suppliers | 440/4 | €2,868 | €1,688 | -€1,180 | -41.2% |
| Taxes, remuneration and social security | 45 | €31,551 | €39,578 | +€8,027 | +25.4% |
| Taxes | 450/3 | €31,019 | €37,078 | +€6,059 | +19.5% |
| Remuneration and social security | 454/9 | €532 | €2,500 | +€1,968 | +370% |
| Other amounts payable | 47/48 | €46,930 | €90,799 | +€43,869 | +93.5% |
| Remuneration, social security and pensions | 62 | €6,905 | €794 | -€6,111 | -88.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,057 | €11,699 | +€6,642 | +131% |
| Other operating charges | 640/8 | €1,233 | €1,957 | +€724 | +58.7% |
| Non-recurring operating charges | 66A | €1,608 | - | -€1,608 | |
| Gross operating margin | 9900 | €77,342 | €140,984 | +€63,641 | +82.3% |
| Operating profit (loss) | 9901 | €62,540 | €126,533 | +€63,994 | +102% |
| Financial income | 75/76B | €36 | €31 | -€5 | -12.7% |
| Recurring financial income | 75 | €36 | €31 | -€5 | -12.7% |
| Financial charges | 65/66B | €1,034 | €4,199 | +€3,165 | +306% |
| Recurring financial charges | 65 | €1,034 | €4,199 | +€3,165 | +306% |
| Profit (loss) for the period before taxes | 9903 | €61,541 | €122,365 | +€60,824 | +98.8% |
| Income taxes | 67/77 | €14,727 | €28,862 | +€14,134 | +96.0% |
| Profit (loss) for the period | 9904 | €46,814 | €93,503 | +€46,690 | +99.7% |
| Profit (loss) for the period to be appropriated | 9905 | €46,814 | €93,503 | +€46,690 | +99.7% |
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 22 October 2026 via checked.be.