JMVDS ACCOUNTING: 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.
JMVDS ACCOUNTING
Largest movements
- Receivables within one year -€22,727
down €22,727 (-29.0%), from €78,413 to €55,686
of which Trade receivables: -€12,309
- Tangible fixed assets -€18,379
down €18,379 (-3.7%), from €496,975 to €478,596
of which Furniture and vehicles: -€15,156
- Trade debts -€121,666
down €121,666 (-89.0%), from €136,733 to €15,067
- Reserves +€100,904
up €100,904 (+29.1%), from €346,174 to €447,077
- Debts after one year -€14,947
down €14,947 (-16.9%), from €88,398 to €73,450
- Depreciation -€18,946
down €18,946 (-41.7%), from €45,479 to €26,534
- Gross operating margin +€13,377
up €13,377 (+8.3%), from €161,857 to €175,233
- Taxes +€8,963
up €8,963 (+26.8%), from €33,442 to €42,404
- Other operating charges +€4,322
new in 2025: €4,322
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 | €726,232 | €691,241 | -€34,991 | -4.8% |
| Fixed assets | 21/28 | €497,095 | €478,716 | -€18,379 | -3.7% |
| Tangible fixed assets | 22/27 | €496,975 | €478,596 | -€18,379 | -3.7% |
| Land and buildings | 22 | €440,483 | €437,260 | -€3,223 | -0.7% |
| Furniture and vehicles | 24 | €56,492 | €41,336 | -€15,156 | -26.8% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €229,137 | €212,525 | -€16,612 | -7.2% |
| Amounts receivable within one year | 40/41 | €78,413 | €55,686 | -€22,727 | -29.0% |
| Trade receivables | 40 | €65,309 | €53,000 | -€12,309 | -18.8% |
| Other amounts receivable | 41 | €13,104 | €2,686 | -€10,418 | -79.5% |
| Current investments | 50/53 | €517 | €517 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €145,112 | €152,233 | +€7,121 | +4.9% |
| Deferred charges and accrued income | 490/1 | €5,095 | €4,090 | -€1,006 | -19.7% |
| Total equity and liabilities | 10/49 | €726,232 | €691,241 | -€34,991 | -4.8% |
| Equity | 10/15 | €348,174 | €449,077 | +€100,904 | +29.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €346,174 | €447,077 | +€100,904 | +29.1% |
| Distributable reserves | 133 | €346,174 | €447,077 | +€100,904 | +29.1% |
| Amounts payable | 17/49 | €378,058 | €242,163 | -€135,895 | -35.9% |
| Amounts payable after more than one year | 17 | €88,398 | €73,450 | -€14,947 | -16.9% |
| Financial debts | 170/4 | €88,398 | €73,450 | -€14,947 | -16.9% |
| Amounts payable within one year | 42/48 | €289,661 | €168,713 | -€120,948 | -41.8% |
| Current portion of amounts payable after more than one year | 42 | €14,773 | €14,947 | +€175 | +1.2% |
| Trade debts | 44 | €136,733 | €15,067 | -€121,666 | -89.0% |
| Suppliers | 440/4 | €136,733 | €15,067 | -€121,666 | -89.0% |
| Taxes, remuneration and social security | 45 | €40,921 | €35,688 | -€5,233 | -12.8% |
| Taxes | 450/3 | €40,921 | €35,688 | -€5,233 | -12.8% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €97,234 | €103,011 | +€5,777 | +5.9% |
| Turnover | 70 | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,479 | €26,534 | -€18,946 | -41.7% |
| Other operating charges | 640/8 | - | €4,322 | +€4,322 | |
| Gross operating margin | 9900 | €161,857 | €175,233 | +€13,377 | +8.3% |
| Operating profit (loss) | 9901 | €116,377 | €144,378 | +€28,000 | +24.1% |
| Financial income | 75/76B | €11 | €107 | +€96 | +861% |
| Recurring financial income | 75 | €11 | €107 | +€96 | +861% |
| Financial charges | 65/66B | €1,731 | €1,177 | -€554 | -32.0% |
| Recurring financial charges | 65 | €1,731 | €1,177 | -€554 | -32.0% |
| Profit (loss) for the period before taxes | 9903 | €114,657 | €143,308 | +€28,651 | +25.0% |
| Income taxes | 67/77 | €33,442 | €42,404 | +€8,963 | +26.8% |
| Profit (loss) for the period | 9904 | €81,216 | €100,904 | +€19,688 | +24.2% |
| Profit (loss) for the period to be appropriated | 9905 | €81,216 | €100,904 | +€19,688 | +24.2% |
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 28 October 2026 via checked.be.