J.G.S. DISTRIBUTION: what changed
J.G.S. DISTRIBUTION
Largest movements
- Stocks and contracts -€8,642
down €8,642 (-57.2%), from €15,115 to €6,473
- Cash +€1,341
up €1,341 (+15.8%), from €8,466 to €9,807
mainly Stocks and contracts (+€8,642) and Other debts (+€1,556)
- Receivables within one year -€1,135
down €1,135 (-19.5%), from €5,819 to €4,684
of which Trade receivables: -€1,077
- Profit (loss) carried forward -€11,579
down €11,579 (-587%), from -€1,971 to -€13,550
- Other debts +€1,556
up €1,556 (+15.4%), from €10,072 to €11,628
- Trade debts +€1,315
up €1,315 (+48.1%), from €2,732 to €4,047
- Write-downs +€9,966
new in 2025: €9,966
- Gross operating margin -€3,430
down €3,430 (-60.7%), from €5,648 to €2,218
- Financial charges +€2,340
up €2,340 (+231%), from €1,013 to €3,353
- Other operating charges -€1,637
down €1,637 (-79.8%), from €2,050 to €413
- Depreciation -€227
down €227 (-77.0%), from €295 to €68
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 | €31,945 | €23,451 | -€8,494 | -26.6% |
| Fixed assets | 21/28 | €2,299 | €2,231 | -€68 | -2.9% |
| Tangible fixed assets | 22/27 | €68 | - | -€68 | |
| Plant, machinery and equipment | 23 | €68 | - | -€68 | |
| Financial fixed assets | 28 | €2,231 | €2,231 | = | 0.0% |
| Current assets | 29/58 | €29,646 | €21,220 | -€8,426 | -28.4% |
| Stocks and contracts in progress | 3 | €15,115 | €6,473 | -€8,642 | -57.2% |
| Stocks | 30/36 | €15,115 | €6,473 | -€8,642 | -57.2% |
| Amounts receivable within one year | 40/41 | €5,819 | €4,684 | -€1,135 | -19.5% |
| Trade receivables | 40 | €5,761 | €4,684 | -€1,077 | -18.7% |
| Other amounts receivable | 41 | €58 | - | -€58 | |
| Cash at bank and in hand | 54/58 | €8,466 | €9,807 | +€1,341 | +15.8% |
| Deferred charges and accrued income | 490/1 | €246 | €255 | +€10 | +3.9% |
| Total equity and liabilities | 10/49 | €31,945 | €23,451 | -€8,494 | -26.6% |
| Equity | 10/15 | €18,480 | €7,089 | -€11,391 | -61.6% |
| Contributions | 10/11 | €18,592 | €18,780 | +€188 | +1.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,971 | -€13,550 | -€11,579 | -587% |
| Amounts payable | 17/49 | €13,465 | €16,362 | +€2,897 | +21.5% |
| Amounts payable within one year | 42/48 | €13,465 | €16,362 | +€2,897 | +21.5% |
| Trade debts | 44 | €2,732 | €4,047 | +€1,315 | +48.1% |
| Suppliers | 440/4 | €2,732 | €4,047 | +€1,315 | +48.1% |
| Taxes, remuneration and social security | 45 | €661 | €687 | +€26 | +4.0% |
| Taxes | 450/3 | €661 | €687 | +€26 | +4.0% |
| Other amounts payable | 47/48 | €10,072 | €11,628 | +€1,556 | +15.4% |
| Non-recurring operating income | 76A | €0 | - | -€0 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €295 | €68 | -€227 | -77.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €9,966 | +€9,966 | |
| Other operating charges | 640/8 | €2,050 | €413 | -€1,637 | -79.8% |
| Gross operating margin | 9900 | €5,648 | €2,218 | -€3,430 | -60.7% |
| Operating profit (loss) | 9901 | €3,303 | -€8,229 | -€11,532 | |
| Financial income | 75/76B | €7 | €3 | -€4 | -56.5% |
| Recurring financial income | 75 | €7 | €3 | -€4 | -56.5% |
| Financial charges | 65/66B | €1,013 | €3,353 | +€2,340 | +231% |
| Recurring financial charges | 65 | €1,013 | €3,353 | +€2,340 | +231% |
| Profit (loss) for the period before taxes | 9903 | €2,297 | -€11,579 | -€13,876 | |
| Profit (loss) for the period | 9904 | €2,297 | -€11,579 | -€13,876 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,297 | -€11,579 | -€13,876 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.