JMVB Management: 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.
JMVB Management
Largest movements
- Receivables within one year +€30,665
up €30,665 (+69.7%), from €43,981 to €74,647
of which Other amounts receivable: +€30,063
- Cash -€10,714
down €10,714 (-31.8%), from €33,642 to €22,928
mainly Contributions, distributions and other (-€70,790) and Receivables within one year (-€30,665)
- Tangible fixed assets -€4,039
down €4,039 (-18.5%), from €21,845 to €17,806
- Other debts +€70,790
new in 2025: €70,790
- Reserves -€57,223
down €57,223 (-83.5%), from €68,569 to €11,346
- Short-term financial debts +€8,358
new in 2025: €8,358
- Tax, wage and social debts -€6,650
down €6,650 (-25.5%), from €26,054 to €19,404
- Gross operating margin -€56,571
down €56,571 (-74.7%), from €75,760 to €19,188
- Taxes -€11,325
down €11,325 (-73.2%), from €15,461 to €4,136
- Financial income +€3,143
up €3,143 (+1641.3%), from €191 to €3,334
- Depreciation +€1,715
up €1,715 (+73.8%), from €2,325 to €4,039
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 | €99,659 | €115,571 | +€15,912 | +16.0% |
| Fixed assets | 21/28 | €22,035 | €17,996 | -€4,039 | -18.3% |
| Tangible fixed assets | 22/27 | €21,845 | €17,806 | -€4,039 | -18.5% |
| Land and buildings | 22 | €12,401 | €10,537 | -€1,864 | -15.0% |
| Plant, machinery and equipment | 23 | €4,279 | €3,405 | -€873 | -20.4% |
| Furniture and vehicles | 24 | €5,166 | €3,864 | -€1,302 | -25.2% |
| Financial fixed assets | 28 | €190 | €190 | = | 0.0% |
| Current assets | 29/58 | €77,623 | €97,575 | +€19,951 | +25.7% |
| Amounts receivable within one year | 40/41 | €43,981 | €74,647 | +€30,665 | +69.7% |
| Trade receivables | 40 | €28,608 | €29,210 | +€602 | +2.1% |
| Other amounts receivable | 41 | €15,373 | €45,437 | +€30,063 | +195.6% |
| Cash at bank and in hand | 54/58 | €33,642 | €22,928 | -€10,714 | -31.8% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €99,659 | €115,571 | +€15,912 | +16.0% |
| Equity | 10/15 | €71,569 | €14,346 | -€57,223 | -80.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €68,569 | €11,346 | -€57,223 | -83.5% |
| Distributable reserves | 133 | €68,569 | €11,346 | -€57,223 | -83.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €28,090 | €101,224 | +€73,135 | +260.4% |
| Amounts payable within one year | 42/48 | €28,090 | €101,224 | +€73,135 | +260.4% |
| Financial debts | 43 | - | €8,358 | +€8,358 | |
| Credit institutions | 430/8 | - | €8,358 | +€8,358 | |
| Trade debts | 44 | €2,036 | €2,673 | +€637 | +31.3% |
| Suppliers | 440/4 | €2,036 | €2,673 | +€637 | +31.3% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €26,054 | €19,404 | -€6,650 | -25.5% |
| Taxes | 450/3 | €26,054 | €19,404 | -€6,650 | -25.5% |
| Other amounts payable | 47/48 | - | €70,790 | +€70,790 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,325 | €4,039 | +€1,715 | +73.8% |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | €75,760 | €19,188 | -€56,571 | -74.7% |
| Operating profit (loss) | 9901 | €72,907 | €14,605 | -€58,302 | -80.0% |
| Financial income | 75/76B | €191 | €3,334 | +€3,143 | +1641.3% |
| Recurring financial income | 75 | €191 | €3,334 | +€3,143 | +1641.3% |
| Financial charges | 65/66B | €415 | €236 | -€179 | -43.2% |
| Recurring financial charges | 65 | €415 | €236 | -€179 | -43.2% |
| Profit (loss) for the period before taxes | 9903 | €72,684 | €17,703 | -€54,981 | -75.6% |
| Income taxes | 67/77 | €15,461 | €4,136 | -€11,325 | -73.2% |
| Profit (loss) for the period | 9904 | €57,223 | €13,567 | -€43,655 | -76.3% |
| Profit (loss) for the period to be appropriated | 9905 | €57,223 | €13,567 | -€43,655 | -76.3% |
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 7 October 2026 via checked.be.