J.M.G.: 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.M.G.
Largest movements
- Receivables within one year +€308
up €308 (+65.1%), from €473 to €780
- Advances received +€787
new in 2025: €787
- Reserves -€700
down €700 (-100%), from €700 to €0
- Gross operating margin -€1,803
down €1,803, from €1,484 to -€319
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 | €21,599 | €21,890 | +€291 | +1.3% |
| Current assets | 29/58 | €21,599 | €21,890 | +€291 | +1.3% |
| Amounts receivable within one year | 40/41 | €473 | €780 | +€308 | +65.1% |
| Trade receivables | 40 | €473 | €780 | +€308 | +65.1% |
| Cash at bank and in hand | 54/58 | €21,126 | €21,110 | -€16 | -0.1% |
| Total equity and liabilities | 10/49 | €21,599 | €21,890 | +€291 | +1.3% |
| Equity | 10/15 | €20,701 | €20,024 | -€677 | -3.3% |
| Contributions | 10/11 | €21,000 | €21,000 | = | 0.0% |
| Reserves | 13 | €700 | €0 | -€700 | -100% |
| Distributable reserves | 133 | €700 | €0 | -€700 | -100% |
| Profit (loss) carried forward | 14 | -€999 | -€976 | +€23 | +2.3% |
| Amounts payable | 17/49 | €898 | €1,866 | +€969 | +108% |
| Amounts payable within one year | 42/48 | €658 | €1,514 | +€857 | +130% |
| Trade debts | 44 | €450 | €450 | = | 0.0% |
| Suppliers | 440/4 | €450 | €450 | = | 0.0% |
| Bills of exchange payable | 441 | €0 | - | = | |
| Advances received on contracts in progress | 46 | - | €787 | +€787 | |
| Taxes, remuneration and social security | 45 | €208 | €278 | +€70 | +33.9% |
| Taxes | 450/3 | €208 | €278 | +€70 | +33.9% |
| Accrued charges and deferred income | 492/3 | €240 | €352 | +€112 | +46.7% |
| Other operating charges | 640/8 | €169 | €172 | +€4 | +2.1% |
| Gross operating margin | 9900 | €1,484 | -€319 | -€1,803 | |
| Operating profit (loss) | 9901 | €1,315 | -€491 | -€1,807 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €186 | €186 | +€0 | +0.1% |
| Recurring financial charges | 65 | €186 | €186 | +€0 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | €1,129 | -€677 | -€1,807 | |
| Profit (loss) for the period | 9904 | €1,129 | -€677 | -€1,807 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,129 | -€677 | -€1,807 |
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 19 October 2026 via checked.be.