JG Connect: 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 Connect
Largest movements
- Tangible fixed assets -€14,250
down €14,250 (-38.8%), from €36,757 to €22,507
of which Furniture and vehicles: -€11,333
- Cash +€3,375
new in 2025: €3,375
mainly Depreciation (+€14,250) and Current portion of long-term debt (+€9,551)
- Deferred charges and accrued income -€1,699
down €1,699 (-100.0%), from €1,699 to €0
- Receivables within one year -€1,366
down €1,366 (-8.3%), from €16,408 to €15,042
of which Other amounts receivable: -€837
- Profit (loss) carried forward -€37,370
down €37,370 (-205.7%), from -€18,164 to -€55,534
- Current portion of long-term debt +€9,551
up €9,551 (+57.3%), from €16,672 to €26,223
- Trade debts +€7,319
up €7,319 (+155.6%), from €4,703 to €12,022
- Debts after one year +€3,019
up €3,019 (+9.6%), from €31,331 to €34,350
- Other debts +€2,093
up €2,093 (+14.1%), from €14,844 to €16,937
- Depreciation +€11,257
up €11,257 (+376.1%), from €2,993 to €14,250
- Gross operating margin -€3,223
down €3,223 (-22.7%), from -€14,226 to -€17,448
- Financial charges +€2,368
up €2,368 (+340.8%), from €695 to €3,063
- Other operating charges +€2,104
up €2,104 (+841.5%), from €250 to €2,354
- Taxes +€264
new in 2025: €264
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 | €54,864 | €40,924 | -€13,940 | -25.4% |
| Fixed assets | 21/28 | €36,757 | €22,507 | -€14,250 | -38.8% |
| Tangible fixed assets | 22/27 | €36,757 | €22,507 | -€14,250 | -38.8% |
| Plant, machinery and equipment | 23 | €8,109 | €5,192 | -€2,917 | -36.0% |
| Furniture and vehicles | 24 | €28,648 | €17,315 | -€11,333 | -39.6% |
| Current assets | 29/58 | €18,107 | €18,417 | +€310 | +1.7% |
| Amounts receivable within one year | 40/41 | €16,408 | €15,042 | -€1,366 | -8.3% |
| Trade receivables | 40 | €13,578 | €13,049 | -€529 | -3.9% |
| Other amounts receivable | 41 | €2,830 | €1,993 | -€837 | -29.6% |
| Cash at bank and in hand | 54/58 | - | €3,375 | +€3,375 | |
| Deferred charges and accrued income | 490/1 | €1,699 | €0 | -€1,699 | -100.0% |
| Total equity and liabilities | 10/49 | €54,864 | €40,924 | -€13,940 | -25.4% |
| Equity | 10/15 | -€15,164 | -€52,534 | -€37,370 | -246.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,164 | -€55,534 | -€37,370 | -205.7% |
| Amounts payable | 17/49 | €70,028 | €93,457 | +€23,430 | +33.5% |
| Amounts payable after more than one year | 17 | €31,331 | €34,350 | +€3,019 | +9.6% |
| Financial debts | 170/4 | €31,331 | €34,350 | +€3,019 | +9.6% |
| Amounts payable within one year | 42/48 | €38,696 | €57,977 | +€19,280 | +49.8% |
| Current portion of amounts payable after more than one year | 42 | €16,672 | €26,223 | +€9,551 | +57.3% |
| Financial debts | 43 | €20 | €0 | -€20 | -100.0% |
| Credit institutions | 430/8 | €20 | €0 | -€20 | -100.0% |
| Trade debts | 44 | €4,703 | €12,022 | +€7,319 | +155.6% |
| Suppliers | 440/4 | €4,703 | €12,022 | +€7,319 | +155.6% |
| Taxes, remuneration and social security | 45 | €2,457 | €2,795 | +€338 | +13.8% |
| Taxes | 450/3 | €2,457 | €0 | -€2,457 | -100.0% |
| Remuneration and social security | 454/9 | - | €2,795 | +€2,795 | |
| Other amounts payable | 47/48 | €14,844 | €16,937 | +€2,093 | +14.1% |
| Accrued charges and deferred income | 492/3 | - | €1,131 | +€1,131 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,993 | €14,250 | +€11,257 | +376.1% |
| Other operating charges | 640/8 | €250 | €2,354 | +€2,104 | +841.5% |
| Gross operating margin | 9900 | -€14,226 | -€17,448 | -€3,223 | -22.7% |
| Operating profit (loss) | 9901 | -€17,469 | -€34,052 | -€16,583 | -94.9% |
| Financial income | 75/76B | - | €8 | +€8 | |
| Recurring financial income | 75 | - | €8 | +€8 | |
| Financial charges | 65/66B | €695 | €3,063 | +€2,368 | +340.8% |
| Recurring financial charges | 65 | €695 | €3,063 | +€2,368 | +340.8% |
| Profit (loss) for the period before taxes | 9903 | -€18,164 | -€37,106 | -€18,942 | -104.3% |
| Income taxes | 67/77 | - | €264 | +€264 | |
| Profit (loss) for the period | 9904 | -€18,164 | -€37,370 | -€19,206 | -105.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,164 | -€37,370 | -€19,206 | -105.7% |
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 9 October 2026 via checked.be.