JGM PROJECTS: 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.
JGM PROJECTS
Largest movements
- Tangible fixed assets -€5,777
down €5,777 (-3.4%), from €170,747 to €164,970
- Receivables within one year +€4,366
up €4,366 (+38.0%), from €11,483 to €15,849
of which Trade receivables: +€4,000
- Debts after one year -€8,301
down €8,301 (-6.5%), from €128,159 to €119,858
- Advances received +€4,840
up €4,840 (+34.8%), from €13,894 to €18,734
- Other debts +€2,828
up €2,828 (+29.3%), from €9,648 to €12,476
- Other operating charges -€2,107
down €2,107 (-96.5%), from €2,184 to €77
- Gross operating margin -€1,002
down €1,002 (-14.1%), from €7,088 to €6,086
- Financial charges -€977
down €977 (-47.5%), from €2,057 to €1,080
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 | €182,869 | €181,115 | -€1,754 | -1.0% |
| Fixed assets | 21/28 | €170,747 | €164,970 | -€5,777 | -3.4% |
| Tangible fixed assets | 22/27 | €170,747 | €164,970 | -€5,777 | -3.4% |
| Land and buildings | 22 | €170,747 | €164,970 | -€5,777 | -3.4% |
| Current assets | 29/58 | €12,122 | €16,144 | +€4,023 | +33.2% |
| Amounts receivable within one year | 40/41 | €11,483 | €15,849 | +€4,366 | +38.0% |
| Trade receivables | 40 | €11,483 | €15,483 | +€4,000 | +34.8% |
| Other amounts receivable | 41 | - | €366 | +€366 | |
| Cash at bank and in hand | 54/58 | €639 | €296 | -€343 | -53.7% |
| Total equity and liabilities | 10/49 | €182,869 | €181,115 | -€1,754 | -1.0% |
| Equity | 10/15 | €20,341 | €19,492 | -€849 | -4.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €9,120 | €9,120 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €7,260 | €7,260 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,379 | -€8,228 | -€849 | -11.5% |
| Amounts payable | 17/49 | €162,528 | €161,623 | -€906 | -0.6% |
| Amounts payable after more than one year | 17 | €128,159 | €119,858 | -€8,301 | -6.5% |
| Financial debts | 170/4 | €128,159 | €119,858 | -€8,301 | -6.5% |
| Amounts payable within one year | 42/48 | €33,985 | €41,765 | +€7,780 | +22.9% |
| Current portion of amounts payable after more than one year | 42 | €8,188 | €8,301 | +€114 | +1.4% |
| Trade debts | 44 | €1,813 | €2,254 | +€441 | +24.3% |
| Suppliers | 440/4 | €1,813 | €2,254 | +€441 | +24.3% |
| Advances received on contracts in progress | 46 | €13,894 | €18,734 | +€4,840 | +34.8% |
| Taxes, remuneration and social security | 45 | €442 | - | -€442 | |
| Taxes | 450/3 | €442 | - | -€442 | |
| Other amounts payable | 47/48 | €9,648 | €12,476 | +€2,828 | +29.3% |
| Accrued charges and deferred income | 492/3 | €384 | - | -€384 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,777 | €5,777 | = | 0.0% |
| Other operating charges | 640/8 | €2,184 | €77 | -€2,107 | -96.5% |
| Gross operating margin | 9900 | €7,088 | €6,086 | -€1,002 | -14.1% |
| Operating profit (loss) | 9901 | -€874 | €231 | +€1,105 | |
| Financial charges | 65/66B | €2,057 | €1,080 | -€977 | -47.5% |
| Recurring financial charges | 65 | €2,057 | €1,080 | -€977 | -47.5% |
| Profit (loss) for the period before taxes | 9903 | -€2,930 | -€849 | +€2,082 | +71.0% |
| Profit (loss) for the period | 9904 | -€2,930 | -€849 | +€2,082 | +71.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,930 | -€849 | +€2,082 | +71.0% |
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 19 October 2026 via checked.be.