J.G. COMMERCE: 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.
J.G. COMMERCE
Largest movements
- Intangible fixed assets -€11,500
down €11,500 (-14.6%), from €78,570 to €67,070
- Tangible fixed assets -€10,671
down €10,671 (-37.3%), from €28,597 to €17,927
- Cash +€10,226
up €10,226 (+66.7%), from €15,323 to €25,549
mainly Depreciation (+€22,171) and Net result for the year (+€9,265)
- Stocks and contracts +€4,211
up €4,211 (+9.1%), from €46,482 to €50,692
- Receivables within one year -€2,048
down €2,048 (-50.4%), from €4,061 to €2,013
of which Trade receivables: -€1,504
- Debts after one year -€21,590
down €21,590 (-21.6%), from €100,014 to €78,425
- Profit (loss) carried forward +€9,265
up €9,265 (+31.4%), from -€29,528 to -€20,263
- Other debts +€4,932
up €4,932 (+583%), from €845 to €5,778
- Current portion of long-term debt -€2,018
down €2,018 (-8.5%), from €23,608 to €21,590
- Gross operating margin +€14,840
up €14,840 (+25.2%), from €58,806 to €73,646
- Staff costs -€1,105
down €1,105 (-3.5%), from €31,975 to €30,870
- Other operating charges -€975
down €975 (-23.3%), from €4,177 to €3,203
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 | €176,034 | €166,554 | -€9,479 | -5.4% |
| Fixed assets | 21/28 | €107,168 | €86,497 | -€20,671 | -19.3% |
| Intangible fixed assets | 21 | €78,570 | €67,070 | -€11,500 | -14.6% |
| Tangible fixed assets | 22/27 | €28,597 | €17,927 | -€10,671 | -37.3% |
| Plant, machinery and equipment | 23 | €5,077 | €3,385 | -€1,692 | -33.3% |
| Furniture and vehicles | 24 | €3,459 | €2,053 | -€1,406 | -40.6% |
| Leasing and similar rights | 25 | €9,161 | €4,161 | -€5,000 | -54.6% |
| Other tangible fixed assets | 26 | €10,900 | €8,328 | -€2,572 | -23.6% |
| Financial fixed assets | 28 | - | €1,500 | +€1,500 | |
| Current assets | 29/58 | €68,866 | €80,057 | +€11,191 | +16.3% |
| Stocks and contracts in progress | 3 | €46,482 | €50,692 | +€4,211 | +9.1% |
| Stocks | 30/36 | €46,482 | €50,692 | +€4,211 | +9.1% |
| Amounts receivable within one year | 40/41 | €4,061 | €2,013 | -€2,048 | -50.4% |
| Trade receivables | 40 | €3,517 | €2,013 | -€1,504 | -42.8% |
| Other amounts receivable | 41 | €544 | - | -€544 | |
| Cash at bank and in hand | 54/58 | €15,323 | €25,549 | +€10,226 | +66.7% |
| Deferred charges and accrued income | 490/1 | €3,000 | €1,803 | -€1,197 | -39.9% |
| Total equity and liabilities | 10/49 | €176,034 | €166,554 | -€9,479 | -5.4% |
| Equity | 10/15 | €5,472 | €14,737 | +€9,265 | +169% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,528 | -€20,263 | +€9,265 | +31.4% |
| Amounts payable | 17/49 | €170,562 | €151,817 | -€18,745 | -11.0% |
| Amounts payable after more than one year | 17 | €100,014 | €78,425 | -€21,590 | -21.6% |
| Financial debts | 170/4 | €100,014 | €78,425 | -€21,590 | -21.6% |
| Amounts payable within one year | 42/48 | €70,547 | €73,379 | +€2,831 | +4.0% |
| Current portion of amounts payable after more than one year | 42 | €23,608 | €21,590 | -€2,018 | -8.5% |
| Trade debts | 44 | €37,261 | €37,286 | +€25 | +0.1% |
| Suppliers | 440/4 | €37,261 | €37,286 | +€25 | +0.1% |
| Taxes, remuneration and social security | 45 | €8,833 | €8,726 | -€107 | -1.2% |
| Taxes | 450/3 | €2,062 | €2,187 | +€124 | +6.0% |
| Remuneration and social security | 454/9 | €6,771 | €6,539 | -€232 | -3.4% |
| Other amounts payable | 47/48 | €845 | €5,778 | +€4,932 | +583% |
| Accrued charges and deferred income | 492/3 | - | €14 | +€14 | |
| Remuneration, social security and pensions | 62 | €31,975 | €30,870 | -€1,105 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,171 | €22,171 | = | 0.0% |
| Other operating charges | 640/8 | €4,177 | €3,203 | -€975 | -23.3% |
| Gross operating margin | 9900 | €58,806 | €73,646 | +€14,840 | +25.2% |
| Operating profit (loss) | 9901 | €482 | €17,402 | +€16,920 | +3,507% |
| Financial income | 75/76B | €244 | €252 | +€9 | +3.5% |
| Recurring financial income | 75 | €244 | €252 | +€9 | +3.5% |
| Financial charges | 65/66B | €8,709 | €8,234 | -€475 | -5.5% |
| Recurring financial charges | 65 | €8,709 | €8,234 | -€475 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | -€7,983 | €9,421 | +€17,404 | |
| Income taxes | 67/77 | €156 | €156 | -€0 | 0.0% |
| Profit (loss) for the period | 9904 | -€8,139 | €9,265 | +€17,404 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,139 | €9,265 | +€17,404 |
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 18 October 2026 via checked.be.