GJC MANAGEMENT: what changed
Two fiscal 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.
GJC MANAGEMENT
Largest movements
- Tangible fixed assets +€31,772
up €31,772 (+14033.5%), from €226 to €31,998
of which Furniture and vehicles: +€31,998
- Current investments +€18,500
new in 2025: €18,500
- Receivables within one year +€14,535
up €14,535 (+70.5%), from €20,616 to €35,151
of which Trade receivables: +€19,179
- Cash -€7,193
down €7,193 (-3.4%), from €213,174 to €205,981
mainly Tax, wage and social debts (-€59,089) and Investment in fixed assets (net) (-€35,483)
- Reserves +€97,709
up €97,709 (+65.1%), from €150,025 to €247,734
- Tax, wage and social debts -€59,089
down €59,089 (-76.2%), from €77,571 to €18,482
- Trade debts +€18,359
up €18,359 (+938.9%), from €1,955 to €20,315
- Gross operating margin -€74,125
down €74,125 (-34.5%), from €215,119 to €140,994
- Taxes -€24,952
down €24,952 (-38.7%), from €64,475 to €39,523
- Depreciation +€3,120
up €3,120 (+527.6%), from €591 to €3,712
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 | €234,552 | €292,943 | +€58,391 | +24.9% |
| Fixed assets | 21/28 | €226 | €31,998 | +€31,772 | +14033.5% |
| Tangible fixed assets | 22/27 | €226 | €31,998 | +€31,772 | +14033.5% |
| Plant, machinery and equipment | 23 | €226 | - | -€226 | |
| Furniture and vehicles | 24 | - | €31,998 | +€31,998 | |
| Current assets | 29/58 | €234,325 | €260,945 | +€26,620 | +11.4% |
| Amounts receivable within one year | 40/41 | €20,616 | €35,151 | +€14,535 | +70.5% |
| Trade receivables | 40 | €15,972 | €35,151 | +€19,179 | +120.1% |
| Other amounts receivable | 41 | €4,644 | - | -€4,644 | |
| Current investments | 50/53 | - | €18,500 | +€18,500 | |
| Cash at bank and in hand | 54/58 | €213,174 | €205,981 | -€7,193 | -3.4% |
| Deferred charges and accrued income | 490/1 | €536 | €1,314 | +€778 | +145.2% |
| Total equity and liabilities | 10/49 | €234,552 | €292,943 | +€58,391 | +24.9% |
| Equity | 10/15 | €155,025 | €252,734 | +€97,709 | +63.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €150,025 | €247,734 | +€97,709 | +65.1% |
| Distributable reserves | 133 | €150,025 | €247,734 | +€97,709 | +65.1% |
| Amounts payable | 17/49 | €79,527 | €40,209 | -€39,317 | -49.4% |
| Amounts payable within one year | 42/48 | €79,527 | €40,209 | -€39,317 | -49.4% |
| Trade debts | 44 | €1,955 | €20,315 | +€18,359 | +938.9% |
| Suppliers | 440/4 | €1,955 | €20,315 | +€18,359 | +938.9% |
| Taxes, remuneration and social security | 45 | €77,571 | €18,482 | -€59,089 | -76.2% |
| Taxes | 450/3 | €77,571 | €18,482 | -€59,089 | -76.2% |
| Other amounts payable | 47/48 | - | €1,412 | +€1,412 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €591 | €3,712 | +€3,120 | +527.6% |
| Other operating charges | 640/8 | €27 | - | -€27 | |
| Gross operating margin | 9900 | €215,119 | €140,994 | -€74,125 | -34.5% |
| Operating profit (loss) | 9901 | €214,500 | €137,283 | -€77,218 | -36.0% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €0 | €53 | +€53 | +527200.0% |
| Recurring financial charges | 65 | €0 | €53 | +€53 | +527200.0% |
| Non-recurring financial charges | 66B | - | €53 | +€53 | |
| Profit (loss) for the period before taxes | 9903 | €214,500 | €137,232 | -€77,269 | -36.0% |
| Income taxes | 67/77 | €64,475 | €39,523 | -€24,952 | -38.7% |
| Profit (loss) for the period | 9904 | €150,025 | €97,709 | -€52,316 | -34.9% |
| Profit (loss) for the period to be appropriated | 9905 | €150,025 | €97,709 | -€52,316 | -34.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.