JRM PROJECTS: what changed
JRM PROJECTS
Largest movements
- Receivables within one year +€28,172
up €28,172 (+173%), from €16,262 to €44,435
of which Trade receivables: +€19,593
- Tangible fixed assets +€19,907
new in 2025: €19,907
- Cash +€14,370
up €14,370 (+420%), from €3,425 to €17,795
mainly Net result for the year (+€28,121) and Debts after one year (+€17,711)
- Reserves +€28,121
up €28,121 (+281%), from €9,992 to €38,113
- Debts after one year +€17,711
new in 2025: €17,711
- Current portion of long-term debt +€5,184
new in 2025: €5,184
- Accrued charges and deferred income +€5,000
new in 2025: €5,000
- Tax, wage and social debts +€4,926
up €4,926 (+84.7%), from €5,818 to €10,744
of which Taxes: +€4,926
- Gross operating margin +€30,148
up €30,148 (+202%), from €14,909 to €45,057
- Depreciation +€6,012
new in 2025: €6,012
- Taxes +€4,926
up €4,926 (+169%), from €2,920 to €7,846
- Staff costs +€763
up €763 (+47.0%), from €1,624 to €2,387
- Financial charges +€524
up €524 (+317%), from €166 to €690
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,024 | €82,319 | +€62,295 | +311% |
| Fixed assets | 21/28 | - | €19,907 | +€19,907 | |
| Tangible fixed assets | 22/27 | - | €19,907 | +€19,907 | |
| Furniture and vehicles | 24 | - | €19,907 | +€19,907 | |
| Current assets | 29/58 | €20,024 | €62,411 | +€42,387 | +212% |
| Amounts receivable within one year | 40/41 | €16,262 | €44,435 | +€28,172 | +173% |
| Trade receivables | 40 | €6,491 | €26,084 | +€19,593 | +302% |
| Other amounts receivable | 41 | €9,771 | €18,351 | +€8,579 | +87.8% |
| Cash at bank and in hand | 54/58 | €3,425 | €17,795 | +€14,370 | +420% |
| Deferred charges and accrued income | 490/1 | €337 | €181 | -€155 | -46.1% |
| Total equity and liabilities | 10/49 | €20,024 | €82,319 | +€62,295 | +311% |
| Equity | 10/15 | €12,992 | €41,113 | +€28,121 | +216% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €9,992 | €38,113 | +€28,121 | +281% |
| Distributable reserves | 133 | €9,992 | €38,113 | +€28,121 | +281% |
| Amounts payable | 17/49 | €7,032 | €41,206 | +€34,174 | +486% |
| Amounts payable after more than one year | 17 | - | €17,711 | +€17,711 | |
| Financial debts | 170/4 | - | €17,711 | +€17,711 | |
| Amounts payable within one year | 42/48 | €7,032 | €18,495 | +€11,462 | +163% |
| Current portion of amounts payable after more than one year | 42 | - | €5,184 | +€5,184 | |
| Trade debts | 44 | €1,214 | €2,567 | +€1,353 | +111% |
| Suppliers | 440/4 | €1,214 | €2,567 | +€1,353 | +111% |
| Taxes, remuneration and social security | 45 | €5,818 | €10,744 | +€4,926 | +84.7% |
| Taxes | 450/3 | €3,618 | €8,544 | +€4,926 | +136% |
| Remuneration and social security | 454/9 | €2,200 | €2,200 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €5,000 | +€5,000 | |
| Remuneration, social security and pensions | 62 | €1,624 | €2,387 | +€763 | +47.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €6,012 | +€6,012 | |
| Other operating charges | 640/8 | €488 | €729 | +€241 | +49.4% |
| Gross operating margin | 9900 | €14,909 | €45,057 | +€30,148 | +202% |
| Operating profit (loss) | 9901 | €12,797 | €35,928 | +€23,132 | +181% |
| Financial income | 75/76B | €281 | €729 | +€448 | +160% |
| Recurring financial income | 75 | €281 | €729 | +€448 | +160% |
| Financial charges | 65/66B | €166 | €690 | +€524 | +317% |
| Recurring financial charges | 65 | €166 | €690 | +€524 | +317% |
| Profit (loss) for the period before taxes | 9903 | €12,912 | €35,967 | +€23,055 | +179% |
| Income taxes | 67/77 | €2,920 | €7,846 | +€4,926 | +169% |
| Profit (loss) for the period | 9904 | €9,992 | €28,121 | +€18,129 | +181% |
| Profit (loss) for the period to be appropriated | 9905 | €9,992 | €28,121 | +€18,129 | +181% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.