Ets JMG: 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.
Ets JMG
Largest movements
- Receivables within one year +€20,324
up €20,324 (+493%), from €4,120 to €24,444
of which Other amounts receivable: +€11,264
- Tangible fixed assets +€15,825
up €15,825 (+107%), from €14,762 to €30,587
of which Furniture and vehicles: +€20,031
- Profit (loss) carried forward +€41,330
up €41,330 (+54.1%), from €76,359 to €117,689
- Debts after one year -€13,500
down €13,500 (-17.0%), from €79,500 to €66,000
of which Financial debts: -€10,000
- Trade debts +€4,386
up €4,386 (+154%), from €2,839 to €7,226
- Gross operating margin +€24,087
up €24,087 (+48.3%), from €49,888 to €73,976
- Depreciation -€12,723
down €12,723 (-63.9%), from €19,918 to €7,195
- Staff costs +€7,956
up €7,956 (+3,536%), from €225 to €8,181
- Taxes +€6,342
up €6,342 (+75.0%), from €8,462 to €14,804
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 | €165,675 | €199,041 | +€33,366 | +20.1% |
| Fixed assets | 21/28 | €14,762 | €30,587 | +€15,825 | +107% |
| Tangible fixed assets | 22/27 | €14,762 | €30,587 | +€15,825 | +107% |
| Plant, machinery and equipment | 23 | €13,068 | €8,862 | -€4,206 | -32.2% |
| Furniture and vehicles | 24 | €1,694 | €21,726 | +€20,031 | +1,182% |
| Current assets | 29/58 | €150,913 | €168,453 | +€17,541 | +11.6% |
| Stocks and contracts in progress | 3 | €95,920 | €94,011 | -€1,909 | -2.0% |
| Stocks | 30/36 | €95,920 | €94,011 | -€1,909 | -2.0% |
| Amounts receivable within one year | 40/41 | €4,120 | €24,444 | +€20,324 | +493% |
| Trade receivables | 40 | €3,036 | €12,096 | +€9,060 | +298% |
| Other amounts receivable | 41 | €1,084 | €12,348 | +€11,264 | +1,039% |
| Cash at bank and in hand | 54/58 | €48,837 | €48,580 | -€256 | -0.5% |
| Deferred charges and accrued income | 490/1 | €2,036 | €1,418 | -€618 | -30.4% |
| Total equity and liabilities | 10/49 | €165,675 | €199,041 | +€33,366 | +20.1% |
| Equity | 10/15 | €81,359 | €122,689 | +€41,330 | +50.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €76,359 | €117,689 | +€41,330 | +54.1% |
| Amounts payable | 17/49 | €84,316 | €76,352 | -€7,964 | -9.4% |
| Amounts payable after more than one year | 17 | €79,500 | €66,000 | -€13,500 | -17.0% |
| Financial debts | 170/4 | €76,000 | €66,000 | -€10,000 | -13.2% |
| Other amounts payable | 178/9 | €3,500 | - | -€3,500 | |
| Amounts payable within one year | 42/48 | €4,816 | €10,352 | +€5,536 | +115% |
| Current portion of amounts payable after more than one year | 42 | €696 | - | -€696 | |
| Trade debts | 44 | €2,839 | €7,226 | +€4,386 | +154% |
| Suppliers | 440/4 | €2,839 | €7,226 | +€4,386 | +154% |
| Taxes, remuneration and social security | 45 | €225 | €1,953 | +€1,728 | +769% |
| Taxes | 450/3 | €25 | €1,804 | +€1,779 | +7,197% |
| Remuneration and social security | 454/9 | €200 | €149 | -€51 | -25.3% |
| Other amounts payable | 47/48 | €1,056 | €1,173 | +€116 | +11.0% |
| Non-recurring operating income | 76A | - | €11,050 | +€11,050 | |
| Remuneration, social security and pensions | 62 | €225 | €8,181 | +€7,956 | +3,536% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,918 | €7,195 | -€12,723 | -63.9% |
| Other operating charges | 640/8 | €373 | - | -€373 | |
| Gross operating margin | 9900 | €49,888 | €73,976 | +€24,087 | +48.3% |
| Operating profit (loss) | 9901 | €29,372 | €58,599 | +€29,228 | +99.5% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €2,678 | €2,467 | -€211 | -7.9% |
| Recurring financial charges | 65 | €2,678 | €2,467 | -€211 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | €26,694 | €56,134 | +€29,439 | +110% |
| Income taxes | 67/77 | €8,462 | €14,804 | +€6,342 | +75.0% |
| Profit (loss) for the period | 9904 | €18,232 | €41,330 | +€23,097 | +127% |
| Profit (loss) for the period to be appropriated | 9905 | €18,232 | €41,330 | +€23,097 | +127% |
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 17 October 2026 via checked.be.