JRM 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.
JRM Management
Largest movements
- Current investments +€130,000
up €130,000 (+68.4%), from €190,000 to €320,000
- Cash +€8,546
up €8,546 (+35.5%), from €24,106 to €32,653
mainly Net result for the year (+€99,130) and Tax, wage and social debts (+€21,462)
- Reserves +€99,130
up €99,130 (+48.3%), from €205,160 to €304,290
- Tax, wage and social debts +€21,462
up €21,462 (+43.1%), from €49,826 to €71,288
- Trade debts +€10,847
up €10,847 (+207.8%), from €5,221 to €16,068
- Other debts +€7,613
new in 2025: €7,613
- Gross operating margin -€33,430
down €33,430 (-21.4%), from €156,337 to €122,907
- Taxes -€8,241
down €8,241 (-23.5%), from €35,110 to €26,869
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 | €262,207 | €401,259 | +€139,053 | +53.0% |
| Fixed assets | 21/28 | €977 | €1,530 | +€553 | +56.6% |
| Tangible fixed assets | 22/27 | €977 | €1,530 | +€553 | +56.6% |
| Furniture and vehicles | 24 | €977 | €1,530 | +€553 | +56.6% |
| Current assets | 29/58 | €261,229 | €399,729 | +€138,500 | +53.0% |
| Amounts receivable within one year | 40/41 | €46,750 | €46,587 | -€162 | -0.3% |
| Trade receivables | 40 | €44,431 | €46,587 | +€2,156 | +4.9% |
| Other amounts receivable | 41 | €2,319 | €0 | -€2,319 | -100.0% |
| Current investments | 50/53 | €190,000 | €320,000 | +€130,000 | +68.4% |
| Cash at bank and in hand | 54/58 | €24,106 | €32,653 | +€8,546 | +35.5% |
| Deferred charges and accrued income | 490/1 | €373 | €489 | +€115 | +30.9% |
| Total equity and liabilities | 10/49 | €262,207 | €401,259 | +€139,053 | +53.0% |
| Equity | 10/15 | €207,160 | €306,290 | +€99,130 | +47.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €205,160 | €304,290 | +€99,130 | +48.3% |
| Distributable reserves | 133 | €205,160 | €304,290 | +€99,130 | +48.3% |
| Amounts payable | 17/49 | €55,047 | €94,969 | +€39,922 | +72.5% |
| Amounts payable within one year | 42/48 | €55,047 | €94,969 | +€39,922 | +72.5% |
| Trade debts | 44 | €5,221 | €16,068 | +€10,847 | +207.8% |
| Suppliers | 440/4 | €5,221 | €16,068 | +€10,847 | +207.8% |
| Taxes, remuneration and social security | 45 | €49,826 | €71,288 | +€21,462 | +43.1% |
| Taxes | 450/3 | €49,826 | €71,288 | +€21,462 | +43.1% |
| Other amounts payable | 47/48 | - | €7,613 | +€7,613 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58 | €496 | +€438 | +756.5% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €156,337 | €122,907 | -€33,430 | -21.4% |
| Operating profit (loss) | 9901 | €155,892 | €122,012 | -€33,880 | -21.7% |
| Financial income | 75/76B | €5,172 | €4,170 | -€1,001 | -19.4% |
| Recurring financial income | 75 | €5,172 | €4,170 | -€1,001 | -19.4% |
| Financial charges | 65/66B | €624 | €183 | -€441 | -70.7% |
| Recurring financial charges | 65 | €624 | €183 | -€441 | -70.7% |
| Profit (loss) for the period before taxes | 9903 | €160,439 | €125,999 | -€34,440 | -21.5% |
| Income taxes | 67/77 | €35,110 | €26,869 | -€8,241 | -23.5% |
| Profit (loss) for the period | 9904 | €125,330 | €99,130 | -€26,199 | -20.9% |
| Profit (loss) for the period to be appropriated | 9905 | €125,330 | €99,130 | -€26,199 | -20.9% |
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 9 October 2026 via checked.be.