JG Advisory: 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.
JG Advisory
Largest movements
- Cash +€32,481
up €32,481 (+194%), from €16,747 to €49,228
mainly Net result for the year (+€33,535) and Receivables within one year (+€3,765)
- Receivables within one year -€3,765
down €3,765 (-14.5%), from €25,911 to €22,146
of which Trade receivables: -€7,580
- Tangible fixed assets +€2,829
up €2,829 (+488%), from €579 to €3,408
- Deferred charges and accrued income +€1,985
new in 2024: €1,985
- Reserves +€33,535
up €33,535 (+148%), from €22,718 to €56,253
- Other debts -€1,661
down €1,661 (-100%), from €1,661 to €0
- Tax, wage and social debts +€1,178
up €1,178 (+13.9%), from €8,457 to €9,635
- Gross operating margin +€14,810
up €14,810 (+47.8%), from €31,011 to €45,821
- Taxes +€3,308
up €3,308 (+53.8%), from €6,151 to €9,459
- Depreciation +€957
up €957 (+406%), from €236 to €1,192
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €43,939 | €77,307 | +€33,368 | +75.9% |
| Formation expenses | 20 | €702 | €540 | -€162 | -23.0% |
| Fixed assets | 21/28 | €579 | €3,408 | +€2,829 | +488% |
| Tangible fixed assets | 22/27 | €579 | €3,408 | +€2,829 | +488% |
| Furniture and vehicles | 24 | €579 | €3,408 | +€2,829 | +488% |
| Current assets | 29/58 | €42,658 | €73,358 | +€30,701 | +72.0% |
| Amounts receivable within one year | 40/41 | €25,911 | €22,146 | -€3,765 | -14.5% |
| Trade receivables | 40 | €20,890 | €13,310 | -€7,580 | -36.3% |
| Other amounts receivable | 41 | €5,021 | €8,836 | +€3,815 | +76.0% |
| Cash at bank and in hand | 54/58 | €16,747 | €49,228 | +€32,481 | +194% |
| Deferred charges and accrued income | 490/1 | - | €1,985 | +€1,985 | |
| Total equity and liabilities | 10/49 | €43,939 | €77,307 | +€33,368 | +75.9% |
| Equity | 10/15 | €32,718 | €66,253 | +€33,535 | +102% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €22,718 | €56,253 | +€33,535 | +148% |
| Distributable reserves | 133 | €22,718 | €56,253 | +€33,535 | +148% |
| Amounts payable | 17/49 | €11,221 | €11,054 | -€167 | -1.5% |
| Amounts payable within one year | 42/48 | €11,221 | €11,054 | -€167 | -1.5% |
| Trade debts | 44 | €1,103 | €1,419 | +€316 | +28.7% |
| Suppliers | 440/4 | €1,103 | €1,419 | +€316 | +28.7% |
| Taxes, remuneration and social security | 45 | €8,457 | €9,635 | +€1,178 | +13.9% |
| Taxes | 450/3 | €8,457 | €9,635 | +€1,178 | +13.9% |
| Other amounts payable | 47/48 | €1,661 | €0 | -€1,661 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €236 | €1,192 | +€957 | +406% |
| Other operating charges | 640/8 | €303 | €200 | -€103 | -33.9% |
| Gross operating margin | 9900 | €31,011 | €45,821 | +€14,810 | +47.8% |
| Operating profit (loss) | 9901 | €30,472 | €44,429 | +€13,956 | +45.8% |
| Financial income | 75/76B | €27 | €258 | +€231 | +870% |
| Recurring financial income | 75 | €27 | €258 | +€231 | +870% |
| Financial charges | 65/66B | €1,629 | €1,692 | +€63 | +3.9% |
| Recurring financial charges | 65 | €1,629 | €1,692 | +€63 | +3.9% |
| Profit (loss) for the period before taxes | 9903 | €28,869 | €42,994 | +€14,125 | +48.9% |
| Income taxes | 67/77 | €6,151 | €9,459 | +€3,308 | +53.8% |
| Profit (loss) for the period | 9904 | €22,718 | €33,535 | +€10,816 | +47.6% |
| Profit (loss) for the period to be appropriated | 9905 | €22,718 | €33,535 | +€10,816 | +47.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.