JGA: 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.
JGA
Largest movements
- Tangible fixed assets -€135,384
down €135,384 (-2.7%), from €5.1m to €5.0m
of which Land and buildings: -€134,974
- Current investments +€100,000
up €100,000 (+16.7%), from €600,000 to €700,000
No liability line moved by more than 1% of the balance sheet total.
- Financial charges +€35,789
up €35,789 (+48396.6%), from €74 to €35,863
- Gross operating margin +€11,661
up €11,661 (+7.0%), from €167,399 to €179,060
- Financial income -€5,653
down €5,653 (-32.6%), from €17,360 to €11,707
- Depreciation +€2,008
up €2,008 (+1.3%), from €150,746 to €152,754
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 | €5,803,684 | €5,771,321 | -€32,363 | -0.6% |
| Fixed assets | 21/28 | €5,086,065 | €4,950,682 | -€135,384 | -2.7% |
| Tangible fixed assets | 22/27 | €5,086,065 | €4,950,682 | -€135,384 | -2.7% |
| Land and buildings | 22 | €5,085,291 | €4,950,318 | -€134,974 | -2.7% |
| Furniture and vehicles | 24 | €774 | €364 | -€410 | -53.0% |
| Current assets | 29/58 | €717,618 | €820,639 | +€103,021 | +14.4% |
| Amounts receivable within one year | 40/41 | €8,232 | €8,720 | +€488 | +5.9% |
| Other amounts receivable | 41 | €8,232 | €8,720 | +€488 | +5.9% |
| Current investments | 50/53 | €600,000 | €700,000 | +€100,000 | +16.7% |
| Cash at bank and in hand | 54/58 | €108,126 | €107,686 | -€440 | -0.4% |
| Deferred charges and accrued income | 490/1 | €1,260 | €4,234 | +€2,973 | +235.9% |
| Total equity and liabilities | 10/49 | €5,803,684 | €5,771,321 | -€32,363 | -0.6% |
| Equity | 10/15 | €5,552,260 | €5,534,786 | -€17,474 | -0.3% |
| Contributions | 10/11 | €5,650,000 | €5,650,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€97,740 | -€115,214 | -€17,474 | -17.9% |
| Amounts payable | 17/49 | €251,424 | €236,535 | -€14,889 | -5.9% |
| Amounts payable after more than one year | 17 | €246,191 | €224,974 | -€21,218 | -8.6% |
| Other amounts payable | 178/9 | €246,191 | €224,974 | -€21,218 | -8.6% |
| Amounts payable within one year | 42/48 | €350 | €4,911 | +€4,561 | +1304.6% |
| Trade debts | 44 | €350 | €28 | -€322 | -92.0% |
| Suppliers | 440/4 | €350 | €28 | -€322 | -92.0% |
| Taxes, remuneration and social security | 45 | - | €4,883 | +€4,883 | |
| Taxes | 450/3 | - | €4,883 | +€4,883 | |
| Accrued charges and deferred income | 492/3 | €4,883 | €6,650 | +€1,767 | +36.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €150,746 | €152,754 | +€2,008 | +1.3% |
| Other operating charges | 640/8 | €19,024 | €19,623 | +€599 | +3.1% |
| Gross operating margin | 9900 | €167,399 | €179,060 | +€11,661 | +7.0% |
| Operating profit (loss) | 9901 | -€2,372 | €6,683 | +€9,054 | |
| Financial income | 75/76B | €17,360 | €11,707 | -€5,653 | -32.6% |
| Recurring financial income | 75 | €17,360 | €11,707 | -€5,653 | -32.6% |
| Financial charges | 65/66B | €74 | €35,863 | +€35,789 | +48396.6% |
| Recurring financial charges | 65 | €74 | €35,863 | +€35,789 | +48396.6% |
| Profit (loss) for the period before taxes | 9903 | €14,915 | -€17,474 | -€32,388 | |
| Profit (loss) for the period | 9904 | €14,915 | -€17,474 | -€32,388 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,915 | -€17,474 | -€32,388 |
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 9 October 2026 via checked.be.