J.M.G.S.: 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.S.
Largest movements
- Receivables after one year -€34
no longer reported in 2025 (was €34)
- Cash -€30
down €30 (-65.1%), from €47 to €16
mainly Net result for the year (-€163)
- Profit (loss) carried forward -€163
down €163 (-1.8%), from -€9,249 to -€9,412
- Other debts +€98
up €98 (+3.8%), from €2,613 to €2,711
- Write-downs -€2,876
no longer reported in 2025 (was €2,876)
- Gross operating margin +€334
up €334 (+79.2%), from -€422 to -€88
- Purchases and services -€334
down €334 (-79.2%), from €422 to €88
- Financial charges -€5
down €5 (-6.5%), from €80 to €75
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 | €81 | €16 | -€64 | -79.9% |
| Current assets | 29/58 | €81 | €16 | -€64 | -79.9% |
| Amounts receivable after more than one year | 29 | €34 | - | -€34 | |
| Other amounts receivable | 291 | €34 | - | -€34 | |
| Cash at bank and in hand | 54/58 | €47 | €16 | -€30 | -65.1% |
| Total equity and liabilities | 10/49 | €81 | €16 | -€64 | -79.9% |
| Equity | 10/15 | -€2,532 | -€2,695 | -€163 | -6.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €517 | €517 | = | 0.0% |
| Non-distributable reserves | 130/1 | €517 | €517 | = | 0.0% |
| Legal reserve | 130 | €517 | €517 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,249 | -€9,412 | -€163 | -1.8% |
| Amounts payable | 17/49 | €2,613 | €2,711 | +€98 | +3.8% |
| Amounts payable within one year | 42/48 | €2,613 | €2,711 | +€98 | +3.8% |
| Other amounts payable | 47/48 | €2,613 | €2,711 | +€98 | +3.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €422 | €88 | -€334 | -79.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,876 | - | -€2,876 | |
| Gross operating margin | 9900 | -€422 | -€88 | +€334 | +79.2% |
| Operating profit (loss) | 9901 | -€3,298 | -€88 | +€3,211 | +97.3% |
| Financial charges | 65/66B | €80 | €75 | -€5 | -6.5% |
| Recurring financial charges | 65 | €80 | €75 | -€5 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | -€3,379 | -€163 | +€3,216 | +95.2% |
| Profit (loss) for the period | 9904 | -€3,379 | -€163 | +€3,216 | +95.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,379 | -€163 | +€3,216 | +95.2% |
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 30 October 2026 via checked.be.