JG-PAINT: 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-PAINT
Largest movements
- Cash +€32,980
up €32,980 (+50.0%), from €66,009 to €98,989
mainly Net result for the year (+€61,498) and Depreciation (+€4,367)
- Tangible fixed assets +€22,846
up €22,846 (+565%), from €4,044 to €26,889
of which Furniture and vehicles: +€24,599
- Receivables within one year +€2,323
up €2,323 (+16.1%), from €14,403 to €16,727
of which Other amounts receivable: +€7,758
- Reserves +€61,498
up €61,498 (+116%), from €52,906 to €114,404
- Accrued charges and deferred income -€7,106
down €7,106 (-96.8%), from €7,339 to €234
- Tax, wage and social debts +€3,123
up €3,123 (+38.9%), from €8,026 to €11,149
of which Taxes: +€3,095
- Gross operating margin +€12,166
up €12,166 (+15.7%), from €77,260 to €89,426
- Taxes +€2,558
up €2,558 (+12.9%), from €19,831 to €22,390
- Depreciation +€1,399
up €1,399 (+47.1%), from €2,968 to €4,367
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 | €84,456 | €143,055 | +€58,599 | +69.4% |
| Fixed assets | 21/28 | €4,044 | €26,889 | +€22,846 | +565% |
| Tangible fixed assets | 22/27 | €4,044 | €26,889 | +€22,846 | +565% |
| Plant, machinery and equipment | 23 | €4,044 | €2,291 | -€1,753 | -43.4% |
| Furniture and vehicles | 24 | - | €24,599 | +€24,599 | |
| Current assets | 29/58 | €80,413 | €116,166 | +€35,753 | +44.5% |
| Amounts receivable within one year | 40/41 | €14,403 | €16,727 | +€2,323 | +16.1% |
| Trade receivables | 40 | €14,403 | €8,968 | -€5,435 | -37.7% |
| Other amounts receivable | 41 | - | €7,758 | +€7,758 | |
| Cash at bank and in hand | 54/58 | €66,009 | €98,989 | +€32,980 | +50.0% |
| Deferred charges and accrued income | 490/1 | - | €450 | +€450 | |
| Total equity and liabilities | 10/49 | €84,456 | €143,055 | +€58,599 | +69.4% |
| Equity | 10/15 | €57,906 | €119,404 | +€61,498 | +106% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €52,906 | €114,404 | +€61,498 | +116% |
| Distributable reserves | 133 | €52,906 | €114,404 | +€61,498 | +116% |
| Amounts payable | 17/49 | €26,550 | €23,651 | -€2,899 | -10.9% |
| Amounts payable within one year | 42/48 | €19,211 | €23,417 | +€4,207 | +21.9% |
| Current portion of amounts payable after more than one year | 42 | - | €1,261 | +€1,261 | |
| Trade debts | 44 | €4,835 | €4,461 | -€374 | -7.7% |
| Suppliers | 440/4 | €4,835 | €4,461 | -€374 | -7.7% |
| Taxes, remuneration and social security | 45 | €8,026 | €11,149 | +€3,123 | +38.9% |
| Taxes | 450/3 | €4,886 | €7,981 | +€3,095 | +63.3% |
| Remuneration and social security | 454/9 | €3,139 | €3,167 | +€28 | +0.9% |
| Other amounts payable | 47/48 | €6,350 | €6,546 | +€196 | +3.1% |
| Accrued charges and deferred income | 492/3 | €7,339 | €234 | -€7,106 | -96.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,968 | €4,367 | +€1,399 | +47.1% |
| Other operating charges | 640/8 | €890 | €754 | -€136 | -15.3% |
| Gross operating margin | 9900 | €77,260 | €89,426 | +€12,166 | +15.7% |
| Operating profit (loss) | 9901 | €73,402 | €84,305 | +€10,903 | +14.9% |
| Financial income | 75/76B | - | €19 | +€19 | |
| Recurring financial income | 75 | - | €19 | +€19 | |
| Financial charges | 65/66B | €665 | €437 | -€228 | -34.3% |
| Recurring financial charges | 65 | €665 | €437 | -€228 | -34.3% |
| Profit (loss) for the period before taxes | 9903 | €72,738 | €83,888 | +€11,150 | +15.3% |
| Income taxes | 67/77 | €19,831 | €22,390 | +€2,558 | +12.9% |
| Profit (loss) for the period | 9904 | €52,906 | €61,498 | +€8,591 | +16.2% |
| Profit (loss) for the period to be appropriated | 9905 | €52,906 | €61,498 | +€8,591 | +16.2% |
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 23 October 2026 via checked.be.