JG CONCEPT: what changed
Two fiscal 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 CONCEPT
Largest movements
- Cash -€88,930
down €88,930 (-52.4%), from €169,705 to €80,775
mainly Debts after one year (-€50,000) and Receivables within one year (-€24,259)
- Receivables within one year +€24,259
up €24,259 (+12.2%), from €198,568 to €222,827
of which Trade receivables: +€12,371
- Debts after one year -€50,000
no longer reported in 2025 (was €50,000)
- Trade debts -€14,736
down €14,736 (-15.1%), from €97,557 to €82,821
- Profit (loss) carried forward +€6,103
up €6,103 (+4.9%), from €125,089 to €131,192
- Other debts -€4,670
down €4,670 (-88.9%), from €5,254 to €583
- Gross operating margin -€85,812
down €85,812 (-75.3%), from €113,934 to €28,122
- Staff costs -€33,400
down €33,400 (-85.1%), from €39,266 to €5,866
- Taxes -€13,450
down €13,450 (-61.8%), from €21,764 to €8,314
- Financial charges +€1,388
up €1,388 (+52.4%), from €2,647 to €4,035
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.
Cash bridge derived
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 | €377,988 | €311,527 | -€66,461 | -17.6% |
| Fixed assets | 21/28 | €5,879 | €5,693 | -€185 | -3.2% |
| Intangible fixed assets | 21 | €133 | - | -€133 | |
| Tangible fixed assets | 22/27 | €5,446 | €5,393 | -€52 | -1.0% |
| Furniture and vehicles | 24 | €5,446 | €5,393 | -€52 | -1.0% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €372,110 | €305,834 | -€66,276 | -17.8% |
| Amounts receivable within one year | 40/41 | €198,568 | €222,827 | +€24,259 | +12.2% |
| Trade receivables | 40 | €194,848 | €207,219 | +€12,371 | +6.3% |
| Other amounts receivable | 41 | €3,720 | €15,608 | +€11,888 | +319.5% |
| Cash at bank and in hand | 54/58 | €169,705 | €80,775 | -€88,930 | -52.4% |
| Deferred charges and accrued income | 490/1 | €3,837 | €2,232 | -€1,605 | -41.8% |
| Total equity and liabilities | 10/49 | €377,988 | €311,527 | -€66,461 | -17.6% |
| Equity | 10/15 | €170,549 | €176,652 | +€6,103 | +3.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €26,860 | €26,860 | = | 0.0% |
| Distributable reserves | 133 | €26,860 | €26,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €125,089 | €131,192 | +€6,103 | +4.9% |
| Amounts payable | 17/49 | €207,440 | €134,875 | -€72,565 | -35.0% |
| Amounts payable after more than one year | 17 | €50,000 | - | -€50,000 | |
| Financial debts | 170/4 | €50,000 | - | -€50,000 | |
| Amounts payable within one year | 42/48 | €157,440 | €134,875 | -€22,565 | -14.3% |
| Financial debts | 43 | €417 | €450 | +€34 | +8.1% |
| Credit institutions | 430/8 | €417 | €450 | +€34 | +8.1% |
| Trade debts | 44 | €97,557 | €82,821 | -€14,736 | -15.1% |
| Suppliers | 440/4 | €97,557 | €82,821 | -€14,736 | -15.1% |
| Taxes, remuneration and social security | 45 | €54,212 | €51,020 | -€3,192 | -5.9% |
| Taxes | 450/3 | €54,212 | €50,152 | -€4,060 | -7.5% |
| Remuneration and social security | 454/9 | - | €868 | +€868 | |
| Other amounts payable | 47/48 | €5,254 | €583 | -€4,670 | -88.9% |
| Remuneration, social security and pensions | 62 | €39,266 | €5,866 | -€33,400 | -85.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,311 | €3,113 | -€198 | -6.0% |
| Other operating charges | 640/8 | €670 | €63 | -€607 | -90.5% |
| Gross operating margin | 9900 | €113,934 | €28,122 | -€85,812 | -75.3% |
| Operating profit (loss) | 9901 | €70,687 | €19,081 | -€51,606 | -73.0% |
| Financial income | 75/76B | €702 | €205 | -€497 | -70.8% |
| Recurring financial income | 75 | €702 | €205 | -€497 | -70.8% |
| Financial charges | 65/66B | €2,647 | €4,035 | +€1,388 | +52.4% |
| Recurring financial charges | 65 | €2,647 | €4,035 | +€1,388 | +52.4% |
| Profit (loss) for the period before taxes | 9903 | €68,741 | €15,251 | -€53,490 | -77.8% |
| Income taxes | 67/77 | €21,764 | €8,314 | -€13,450 | -61.8% |
| Profit (loss) for the period | 9904 | €46,977 | €6,936 | -€40,041 | -85.2% |
| Profit (loss) for the period to be appropriated | 9905 | €46,977 | €6,936 | -€40,041 | -85.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.