JG SECURITY: 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 SECURITY
Largest movements
- Stocks and contracts +€8,775
up €8,775 (+43.5%), from €20,156 to €28,931
- Tangible fixed assets -€2,273
down €2,273 (-12.6%), from €18,092 to €15,820
of which Land and buildings: -€1,929
- Deferred charges and accrued income -€2,242
down €2,242 (-79.0%), from €2,837 to €595
- Short-term financial debts +€15,524
up €15,524 (+61.9%), from €25,082 to €40,606
- Debts after one year -€9,511
down €9,511 (-74.3%), from €12,801 to €3,290
- Other debts +€6,485
up €6,485 (+30.1%), from €21,529 to €28,014
- Profit (loss) carried forward -€4,192
new in 2025: -€4,192
- Tax, wage and social debts -€2,725
down €2,725 (-22.0%), from €12,403 to €9,678
of which Taxes: -€1,945
- Gross operating margin -€3,508
down €3,508 (-8.7%), from €40,290 to €36,782
- Staff costs +€2,736
up €2,736 (+9.0%), from €30,326 to €33,062
- Taxes -€1,414
down €1,414 (-100%), from €1,414 to €0
- Financial charges +€1,118
up €1,118 (+33.2%), from €3,363 to €4,481
- Depreciation -€1,011
down €1,011 (-30.8%), from €3,284 to €2,273
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 | €112,608 | €115,396 | +€2,789 | +2.5% |
| Fixed assets | 21/28 | €18,092 | €15,820 | -€2,273 | -12.6% |
| Tangible fixed assets | 22/27 | €18,092 | €15,820 | -€2,273 | -12.6% |
| Land and buildings | 22 | €15,321 | €13,392 | -€1,929 | -12.6% |
| Plant, machinery and equipment | 23 | €2,771 | €2,428 | -€343 | -12.4% |
| Current assets | 29/58 | €94,516 | €99,577 | +€5,061 | +5.4% |
| Stocks and contracts in progress | 3 | €20,156 | €28,931 | +€8,775 | +43.5% |
| Stocks | 30/36 | €20,156 | €28,931 | +€8,775 | +43.5% |
| Amounts receivable within one year | 40/41 | €69,548 | €69,124 | -€424 | -0.6% |
| Trade receivables | 40 | €68,192 | €64,377 | -€3,815 | -5.6% |
| Other amounts receivable | 41 | €1,356 | €4,747 | +€3,391 | +250% |
| Cash at bank and in hand | 54/58 | €1,976 | €927 | -€1,049 | -53.1% |
| Deferred charges and accrued income | 490/1 | €2,837 | €595 | -€2,242 | -79.0% |
| Total equity and liabilities | 10/49 | €112,608 | €115,396 | +€2,789 | +2.5% |
| Equity | 10/15 | €26,840 | €22,648 | -€4,192 | -15.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €8,240 | €8,240 | = | 0.0% |
| Distributable reserves | 133 | €8,240 | €8,240 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€4,192 | -€4,192 | |
| Amounts payable | 17/49 | €85,768 | €92,748 | +€6,981 | +8.1% |
| Amounts payable after more than one year | 17 | €12,801 | €3,290 | -€9,511 | -74.3% |
| Financial debts | 170/4 | €12,801 | €3,290 | -€9,511 | -74.3% |
| Amounts payable within one year | 42/48 | €72,967 | €89,459 | +€16,491 | +22.6% |
| Current portion of amounts payable after more than one year | 42 | €12,077 | €9,511 | -€2,566 | -21.2% |
| Financial debts | 43 | €25,082 | €40,606 | +€15,524 | +61.9% |
| Credit institutions | 430/8 | €25,082 | €40,606 | +€15,524 | +61.9% |
| Trade debts | 44 | €1,876 | €1,649 | -€227 | -12.1% |
| Suppliers | 440/4 | €1,876 | €1,649 | -€227 | -12.1% |
| Taxes, remuneration and social security | 45 | €12,403 | €9,678 | -€2,725 | -22.0% |
| Taxes | 450/3 | €2,987 | €1,041 | -€1,945 | -65.1% |
| Remuneration and social security | 454/9 | €9,416 | €8,637 | -€780 | -8.3% |
| Other amounts payable | 47/48 | €21,529 | €28,014 | +€6,485 | +30.1% |
| Remuneration, social security and pensions | 62 | €30,326 | €33,062 | +€2,736 | +9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,284 | €2,273 | -€1,011 | -30.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €965 | €1,160 | +€195 | +20.2% |
| Gross operating margin | 9900 | €40,290 | €36,782 | -€3,508 | -8.7% |
| Operating profit (loss) | 9901 | €5,716 | €288 | -€5,429 | -95.0% |
| Financial income | 75/76B | €70 | €1 | -€69 | -98.3% |
| Recurring financial income | 75 | €70 | €1 | -€69 | -98.3% |
| Financial charges | 65/66B | €3,363 | €4,481 | +€1,118 | +33.2% |
| Recurring financial charges | 65 | €3,363 | €4,481 | +€1,118 | +33.2% |
| Profit (loss) for the period before taxes | 9903 | €2,423 | -€4,192 | -€6,615 | |
| Income taxes | 67/77 | €1,414 | €0 | -€1,414 | -100% |
| Profit (loss) for the period | 9904 | €1,009 | -€4,192 | -€5,202 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,009 | -€4,192 | -€5,202 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.