JG PROJECTS: 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 PROJECTS
Largest movements
- Tangible fixed assets -€184,543
no longer reported in 2025 (was €184,543)
- Cash +€152,817
up €152,817 (+599.0%), from €25,513 to €178,330
mainly Investment in fixed assets (net) (+€190,782)
- Financial fixed assets -€6,239
no longer reported in 2025 (was €6,239)
- Profit (loss) carried forward -€35,628
down €35,628 (-20.2%), from -€176,406 to -€212,034
- Gross operating margin +€28,404
up €28,404 (+35.1%), from -€80,846 to -€52,442
- Financial income +€15,813
up €15,813 (+1351.5%), from €1,170 to €16,983
of which Non-recurring financial income: +€13,735
- Depreciation -€7,912
no longer reported in 2025 (was €7,912)
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 | €239,398 | €203,770 | -€35,628 | -14.9% |
| Fixed assets | 21/28 | €190,782 | - | -€190,782 | |
| Tangible fixed assets | 22/27 | €184,543 | - | -€184,543 | |
| Land and buildings | 22 | €184,543 | - | -€184,543 | |
| Financial fixed assets | 28 | €6,239 | - | -€6,239 | |
| Current assets | 29/58 | €48,616 | €203,770 | +€155,154 | +319.1% |
| Amounts receivable within one year | 40/41 | €23,103 | €25,440 | +€2,337 | +10.1% |
| Trade receivables | 40 | €3,585 | - | -€3,585 | |
| Other amounts receivable | 41 | €19,518 | €25,440 | +€5,922 | +30.3% |
| Cash at bank and in hand | 54/58 | €25,513 | €178,330 | +€152,817 | +599.0% |
| Total equity and liabilities | 10/49 | €239,398 | €203,770 | -€35,628 | -14.9% |
| Equity | 10/15 | €239,398 | €203,770 | -€35,628 | -14.9% |
| Contributions | 10/11 | €122,419 | €122,419 | = | 0.0% |
| Reserves | 13 | €293,385 | €293,385 | = | 0.0% |
| Tax-exempt reserves | 132 | €293,385 | €293,385 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€176,406 | -€212,034 | -€35,628 | -20.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,912 | - | -€7,912 | |
| Gross operating margin | 9900 | -€80,846 | -€52,442 | +€28,404 | +35.1% |
| Operating profit (loss) | 9901 | -€88,758 | -€52,442 | +€36,316 | +40.9% |
| Financial income | 75/76B | €1,170 | €16,983 | +€15,813 | +1351.5% |
| Recurring financial income | 75 | €1,170 | €3,248 | +€2,078 | +177.6% |
| Non-recurring financial income | 76B | - | €13,735 | +€13,735 | |
| Financial charges | 65/66B | €237 | €169 | -€68 | -28.7% |
| Recurring financial charges | 65 | €237 | €169 | -€68 | -28.7% |
| Profit (loss) for the period before taxes | 9903 | -€87,825 | -€35,628 | +€52,197 | +59.4% |
| Profit (loss) for the period | 9904 | -€87,825 | -€35,628 | +€52,197 | +59.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€87,825 | -€35,628 | +€52,197 | +59.4% |
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 6 October 2026 via checked.be.