JRM Estate: 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.
JRM Estate
Largest movements
- Stocks and contracts +€466,631
up €466,631 (+229%), from €203,407 to €670,038
- Financial fixed assets +€98,000
up €98,000 (+200%), from €49,000 to €147,000
- Cash +€33,872
up €33,872 (+409%), from €8,292 to €42,164
mainly Debts after one year (+€341,181) and Other debts (+€155,787)
- Tangible fixed assets -€20,913
down €20,913 (-21.4%), from €97,736 to €76,822
- Debts after one year +€341,181
up €341,181 (+141%), from €242,805 to €583,986
- Other debts +€155,787
up €155,787 (+2,877%), from €5,415 to €161,202
- Short-term financial debts +€63,000
new in 2025: €63,000
- Trade debts +€21,272
up €21,272 (+68.6%), from €30,997 to €52,270
- Gross operating margin +€49,826
up €49,826 (+64.7%), from €76,979 to €126,805
- Taxes +€8,467
up €8,467 (+73.4%), from €11,533 to €20,000
- Financial charges +€7,727
up €7,727 (+78.8%), from €9,805 to €17,532
- Other operating charges -€2,378
down €2,378 (-31.5%), from €7,540 to €5,163
- Depreciation +€1,958
up €1,958 (+10.3%), from €18,956 to €20,913
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 | €465,548 | €1,035,288 | +€569,740 | +122% |
| Fixed assets | 21/28 | €146,736 | €223,822 | +€77,087 | +52.5% |
| Tangible fixed assets | 22/27 | €97,736 | €76,822 | -€20,913 | -21.4% |
| Furniture and vehicles | 24 | €97,736 | €76,822 | -€20,913 | -21.4% |
| Financial fixed assets | 28 | €49,000 | €147,000 | +€98,000 | +200% |
| Current assets | 29/58 | €318,813 | €811,466 | +€492,653 | +155% |
| Stocks and contracts in progress | 3 | €203,407 | €670,038 | +€466,631 | +229% |
| Stocks | 30/36 | €203,407 | €670,038 | +€466,631 | +229% |
| Amounts receivable within one year | 40/41 | €106,225 | €99,231 | -€6,993 | -6.6% |
| Trade receivables | 40 | €106,225 | €98,956 | -€7,268 | -6.8% |
| Other amounts receivable | 41 | €0 | €275 | +€275 | |
| Cash at bank and in hand | 54/58 | €8,292 | €42,164 | +€33,872 | +409% |
| Deferred charges and accrued income | 490/1 | €889 | €33 | -€856 | -96.3% |
| Total equity and liabilities | 10/49 | €465,548 | €1,035,288 | +€569,740 | +122% |
| Equity | 10/15 | €138,494 | €138,494 | = | 0.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €80,402 | €80,402 | = | 0.0% |
| Distributable reserves | 133 | €80,402 | €80,402 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,591 | €55,591 | = | 0.0% |
| Amounts payable | 17/49 | €327,055 | €896,795 | +€569,740 | +174% |
| Amounts payable after more than one year | 17 | €242,805 | €583,986 | +€341,181 | +141% |
| Financial debts | 170/4 | €242,805 | €583,986 | +€341,181 | +141% |
| Amounts payable within one year | 42/48 | €83,820 | €312,808 | +€228,989 | +273% |
| Current portion of amounts payable after more than one year | 42 | €30,166 | €23,407 | -€6,760 | -22.4% |
| Financial debts | 43 | - | €63,000 | +€63,000 | |
| Other loans | 439 | - | €63,000 | +€63,000 | |
| Trade debts | 44 | €30,997 | €52,270 | +€21,272 | +68.6% |
| Suppliers | 440/4 | €30,997 | €52,270 | +€21,272 | +68.6% |
| Taxes, remuneration and social security | 45 | €17,242 | €12,930 | -€4,312 | -25.0% |
| Taxes | 450/3 | €17,242 | €12,930 | -€4,312 | -25.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €5,415 | €161,202 | +€155,787 | +2,877% |
| Accrued charges and deferred income | 492/3 | €430 | €0 | -€430 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,956 | €20,913 | +€1,958 | +10.3% |
| Other operating charges | 640/8 | €7,540 | €5,163 | -€2,378 | -31.5% |
| Gross operating margin | 9900 | €76,979 | €126,805 | +€49,826 | +64.7% |
| Operating profit (loss) | 9901 | €50,483 | €100,729 | +€50,246 | +99.5% |
| Financial income | 75/76B | €30 | €5 | -€25 | -83.9% |
| Recurring financial income | 75 | €30 | €5 | -€25 | -83.9% |
| Financial charges | 65/66B | €9,805 | €17,532 | +€7,727 | +78.8% |
| Recurring financial charges | 65 | €9,805 | €17,532 | +€7,727 | +78.8% |
| Profit (loss) for the period before taxes | 9903 | €40,708 | €83,202 | +€42,494 | +104% |
| Income taxes | 67/77 | €11,533 | €20,000 | +€8,467 | +73.4% |
| Profit (loss) for the period | 9904 | €29,175 | €63,202 | +€34,028 | +117% |
| Profit (loss) for the period to be appropriated | 9905 | €29,175 | €63,202 | +€34,028 | +117% |
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 20 October 2026 via checked.be.