JG Works: what changed
JG Works
Largest movements
- Receivables within one year +€19,494
up €19,494 (+451%), from €4,321 to €23,815
of which Trade receivables: +€18,929
- Cash -€10,951
down €10,951 (-94.7%), from €11,569 to €618
mainly Receivables within one year (-€19,494) and Debts after one year (-€8,654)
- Tangible fixed assets -€8,960
down €8,960 (-33.0%), from €27,178 to €18,218
- Debts after one year -€8,654
down €8,654 (-46.6%), from €18,564 to €9,910
- Profit (loss) carried forward +€6,028
up €6,028, from -€2,061 to €3,967
- Tax, wage and social debts +€2,635
up €2,635 (+424%), from €622 to €3,257
- Current portion of long-term debt +€449
up €449 (+5.5%), from €8,205 to €8,654
- Other debts -€444
down €444 (-7.0%), from €6,307 to €5,862
- Taxes +€2,014
up €2,014 (+324%), from €622 to €2,635
- Financial charges -€422
down €422 (-23.1%), from €1,823 to €1,401
- Other operating charges +€347
up €347 (+302%), from €115 to €462
- Gross operating margin +€207
up €207 (+1.1%), from €19,251 to €19,458
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €43,237 | €42,822 | -€415 | -1.0% |
| Fixed assets | 21/28 | €27,178 | €18,218 | -€8,960 | -33.0% |
| Tangible fixed assets | 22/27 | €27,178 | €18,218 | -€8,960 | -33.0% |
| Furniture and vehicles | 24 | €27,178 | €18,218 | -€8,960 | -33.0% |
| Current assets | 29/58 | €16,059 | €24,604 | +€8,545 | +53.2% |
| Amounts receivable within one year | 40/41 | €4,321 | €23,815 | +€19,494 | +451% |
| Trade receivables | 40 | €4,081 | €23,010 | +€18,929 | +464% |
| Other amounts receivable | 41 | €240 | €805 | +€565 | +235% |
| Cash at bank and in hand | 54/58 | €11,569 | €618 | -€10,951 | -94.7% |
| Deferred charges and accrued income | 490/1 | €168 | €171 | +€3 | +1.7% |
| Total equity and liabilities | 10/49 | €43,237 | €42,822 | -€415 | -1.0% |
| Equity | 10/15 | €7,766 | €13,793 | +€6,028 | +77.6% |
| Reserves | 13 | €9,827 | €9,827 | = | 0.0% |
| Distributable reserves | 133 | €9,827 | €9,827 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,061 | €3,967 | +€6,028 | |
| Amounts payable | 17/49 | €35,471 | €29,029 | -€6,442 | -18.2% |
| Amounts payable after more than one year | 17 | €18,564 | €9,910 | -€8,654 | -46.6% |
| Financial debts | 170/4 | €18,564 | €9,910 | -€8,654 | -46.6% |
| Amounts payable within one year | 42/48 | €16,907 | €19,118 | +€2,212 | +13.1% |
| Current portion of amounts payable after more than one year | 42 | €8,205 | €8,654 | +€449 | +5.5% |
| Trade debts | 44 | €1,774 | €1,345 | -€429 | -24.2% |
| Suppliers | 440/4 | €1,774 | €1,345 | -€429 | -24.2% |
| Taxes, remuneration and social security | 45 | €622 | €3,257 | +€2,635 | +424% |
| Taxes | 450/3 | €622 | €3,257 | +€2,635 | +424% |
| Other amounts payable | 47/48 | €6,307 | €5,862 | -€444 | -7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,926 | €8,960 | +€34 | +0.4% |
| Other operating charges | 640/8 | €115 | €462 | +€347 | +302% |
| Gross operating margin | 9900 | €19,251 | €19,458 | +€207 | +1.1% |
| Operating profit (loss) | 9901 | €10,210 | €10,037 | -€173 | -1.7% |
| Financial income | 75/76B | €0 | €27 | +€27 | |
| Recurring financial income | 75 | €0 | €27 | +€27 | |
| Financial charges | 65/66B | €1,823 | €1,401 | -€422 | -23.1% |
| Recurring financial charges | 65 | €1,823 | €1,401 | -€422 | -23.1% |
| Profit (loss) for the period before taxes | 9903 | €8,387 | €8,663 | +€276 | +3.3% |
| Income taxes | 67/77 | €622 | €2,635 | +€2,014 | +324% |
| Profit (loss) for the period | 9904 | €7,765 | €6,028 | -€1,738 | -22.4% |
| Profit (loss) for the period to be appropriated | 9905 | €7,765 | €6,028 | -€1,738 | -22.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.