JUMAR: 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.
JUMAR
Largest movements
- Cash -€8,320
down €8,320 (-9.1%), from €91,059 to €82,739
mainly Net result for the year (-€18,239) and Receivables within one year (-€1,591)
- Tangible fixed assets -€3,287
down €3,287 (-32.6%), from €10,088 to €6,800
- Stocks and contracts -€2,988
down €2,988 (-2.8%), from €105,505 to €102,516
- Reserves -€18,239
down €18,239 (-10.6%), from €172,361 to €154,122
- Trade debts +€7,068
up €7,068 (+91.3%), from €7,745 to €14,814
- Staff costs -€7,521
down €7,521 (-11.6%), from €64,876 to €57,355
- Gross operating margin +€1,978
up €1,978 (+5.4%), from €36,905 to €38,883
- Depreciation -€807
down €807 (-19.7%), from €4,094 to €3,287
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 | €213,974 | €201,515 | -€12,459 | -5.8% |
| Fixed assets | 21/28 | €10,088 | €6,800 | -€3,287 | -32.6% |
| Tangible fixed assets | 22/27 | €10,088 | €6,800 | -€3,287 | -32.6% |
| Plant, machinery and equipment | 23 | €10,088 | €6,800 | -€3,287 | -32.6% |
| Current assets | 29/58 | €203,886 | €194,715 | -€9,172 | -4.5% |
| Stocks and contracts in progress | 3 | €105,505 | €102,516 | -€2,988 | -2.8% |
| Stocks | 30/36 | €105,505 | €102,516 | -€2,988 | -2.8% |
| Amounts receivable within one year | 40/41 | €3,793 | €5,384 | +€1,591 | +41.9% |
| Trade receivables | 40 | €3,793 | €4,347 | +€554 | +14.6% |
| Other amounts receivable | 41 | - | €1,037 | +€1,037 | |
| Current investments | 50/53 | €504 | €506 | +€2 | +0.4% |
| Cash at bank and in hand | 54/58 | €91,059 | €82,739 | -€8,320 | -9.1% |
| Deferred charges and accrued income | 490/1 | €3,026 | €3,569 | +€543 | +18.0% |
| Total equity and liabilities | 10/49 | €213,974 | €201,515 | -€12,459 | -5.8% |
| Equity | 10/15 | €191,361 | €173,122 | -€18,239 | -9.5% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €172,361 | €154,122 | -€18,239 | -10.6% |
| Distributable reserves | 133 | €172,361 | €154,122 | -€18,239 | -10.6% |
| Amounts payable | 17/49 | €22,613 | €28,394 | +€5,780 | +25.6% |
| Amounts payable within one year | 42/48 | €22,613 | €28,394 | +€5,780 | +25.6% |
| Financial debts | 43 | - | €129 | +€129 | |
| Credit institutions | 430/8 | - | €129 | +€129 | |
| Trade debts | 44 | €7,745 | €14,814 | +€7,068 | +91.3% |
| Suppliers | 440/4 | €7,745 | €14,814 | +€7,068 | +91.3% |
| Taxes, remuneration and social security | 45 | €13,477 | €12,646 | -€831 | -6.2% |
| Taxes | 450/3 | €3,253 | €3,463 | +€210 | +6.5% |
| Remuneration and social security | 454/9 | €10,225 | €9,183 | -€1,041 | -10.2% |
| Other amounts payable | 47/48 | €1,391 | €805 | -€586 | -42.1% |
| Remuneration, social security and pensions | 62 | €64,876 | €57,355 | -€7,521 | -11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,094 | €3,287 | -€807 | -19.7% |
| Other operating charges | 640/8 | €682 | €691 | +€9 | +1.3% |
| Gross operating margin | 9900 | €36,905 | €38,883 | +€1,978 | +5.4% |
| Operating profit (loss) | 9901 | -€32,747 | -€22,451 | +€10,297 | +31.4% |
| Financial income | 75/76B | €4,957 | €4,882 | -€75 | -1.5% |
| Recurring financial income | 75 | €4,957 | €4,882 | -€75 | -1.5% |
| Financial charges | 65/66B | €696 | €670 | -€26 | -3.8% |
| Recurring financial charges | 65 | €696 | €670 | -€26 | -3.8% |
| Profit (loss) for the period before taxes | 9903 | -€28,486 | -€18,239 | +€10,248 | +36.0% |
| Income taxes | 67/77 | €1 | €1 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€28,487 | -€18,239 | +€10,248 | +36.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,487 | -€18,239 | +€10,248 | +36.0% |
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 10 October 2026 via checked.be.