JG RENOVATIONS: 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 RENOVATIONS
Largest movements
- Receivables within one year -€28,950
down €28,950 (-32.5%), from €89,163 to €60,214
of which Other amounts receivable: -€54,996
- Cash +€1,165
up €1,165 (+272%), from €427 to €1,592
mainly Receivables within one year (+€28,950) and Other debts (+€7,248)
- Accrued charges and deferred income -€42,000
no longer reported in 2025 (was €42,000)
- Other debts +€7,248
new in 2025: €7,248
- Trade debts +€5,013
up €5,013 (+72.5%), from €6,912 to €11,925
- Tax, wage and social debts +€4,941
up €4,941 (+127%), from €3,900 to €8,841
- Profit (loss) carried forward -€3,276
down €3,276 (-8.8%), from €37,068 to €33,792
- Purchases and services +€150,070
new in 2025: €150,070
- Turnover +€149,036
new in 2025: €149,036
- Gross operating margin -€14,230
down €14,230 (-84.1%), from €16,920 to €2,690
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 | €89,880 | €61,806 | -€28,074 | -31.2% |
| Fixed assets | 21/28 | €290 | - | -€290 | |
| Tangible fixed assets | 22/27 | €290 | - | -€290 | |
| Furniture and vehicles | 24 | €290 | - | -€290 | |
| Current assets | 29/58 | €89,591 | €61,806 | -€27,785 | -31.0% |
| Amounts receivable within one year | 40/41 | €89,163 | €60,214 | -€28,950 | -32.5% |
| Trade receivables | 40 | €34,168 | €60,214 | +€26,046 | +76.2% |
| Other amounts receivable | 41 | €54,996 | - | -€54,996 | |
| Cash at bank and in hand | 54/58 | €427 | €1,592 | +€1,165 | +272% |
| Total equity and liabilities | 10/49 | €89,880 | €61,806 | -€28,074 | -31.2% |
| Equity | 10/15 | €37,068 | €33,792 | -€3,276 | -8.8% |
| Profit (loss) carried forward | 14 | €37,068 | €33,792 | -€3,276 | -8.8% |
| Amounts payable | 17/49 | €52,812 | €28,014 | -€24,798 | -47.0% |
| Amounts payable within one year | 42/48 | €10,812 | €28,014 | +€17,202 | +159% |
| Trade debts | 44 | €6,912 | €11,925 | +€5,013 | +72.5% |
| Suppliers | 440/4 | €6,912 | €11,925 | +€5,013 | +72.5% |
| Taxes, remuneration and social security | 45 | €3,900 | €8,841 | +€4,941 | +127% |
| Taxes | 450/3 | €3,900 | €8,841 | +€4,941 | +127% |
| Other amounts payable | 47/48 | - | €7,248 | +€7,248 | |
| Accrued charges and deferred income | 492/3 | €42,000 | - | -€42,000 | |
| Turnover | 70 | - | €149,036 | +€149,036 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €150,070 | +€150,070 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €843 | €290 | -€553 | -65.6% |
| Other operating charges | 640/8 | €1,385 | €1,995 | +€610 | +44.1% |
| Gross operating margin | 9900 | €16,920 | €2,690 | -€14,230 | -84.1% |
| Operating profit (loss) | 9901 | €14,693 | €406 | -€14,287 | -97.2% |
| Financial income | 75/76B | €15 | - | -€15 | |
| Recurring financial income | 75 | €15 | - | -€15 | |
| Financial charges | 65/66B | €146 | €282 | +€136 | +93.1% |
| Recurring financial charges | 65 | €146 | €282 | +€136 | +93.1% |
| Profit (loss) for the period before taxes | 9903 | €14,562 | €124 | -€14,438 | -99.2% |
| Income taxes | 67/77 | €3,867 | €3,400 | -€467 | -12.1% |
| Profit (loss) for the period | 9904 | €10,695 | -€3,276 | -€13,971 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,695 | -€3,276 | -€13,971 |
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 25 October 2026 via checked.be.