JGO: 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.
JGO
Largest movements
- Tangible fixed assets -€3,760
down €3,760 (-73.7%), from €5,100 to €1,340
- Receivables within one year +€3,096
up €3,096 (+64.4%), from €4,811 to €7,907
of which Trade receivables: +€2,712
- Profit (loss) carried forward -€12,111
down €12,111, from €7,390 to -€4,721
- Other debts +€8,988
up €8,988 (+8.1%), from €110,344 to €119,332
- Trade debts +€2,573
up €2,573 (+218%), from €1,182 to €3,755
- Depreciation -€16,006
down €16,006 (-81.0%), from €19,766 to €3,760
- Gross operating margin +€2,675
up €2,675 (+30.1%), from -€8,886 to -€6,212
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 | €144,228 | €143,609 | -€620 | -0.4% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €5,140 | €1,380 | -€3,760 | -73.2% |
| Tangible fixed assets | 22/27 | €5,100 | €1,340 | -€3,760 | -73.7% |
| Furniture and vehicles | 24 | €5,100 | €1,340 | -€3,760 | -73.7% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €139,088 | €142,229 | +€3,141 | +2.3% |
| Amounts receivable within one year | 40/41 | €4,811 | €7,907 | +€3,096 | +64.4% |
| Trade receivables | 40 | €151 | €2,862 | +€2,712 | +1,797% |
| Other amounts receivable | 41 | €4,660 | €5,045 | +€385 | +8.3% |
| Cash at bank and in hand | 54/58 | €133,411 | €134,130 | +€719 | +0.5% |
| Deferred charges and accrued income | 490/1 | €866 | €192 | -€674 | -77.9% |
| Total equity and liabilities | 10/49 | €144,228 | €143,609 | -€620 | -0.4% |
| Equity | 10/15 | €27,850 | €15,739 | -€12,111 | -43.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €7,390 | -€4,721 | -€12,111 | |
| Amounts payable | 17/49 | €116,378 | €127,870 | +€11,492 | +9.9% |
| Amounts payable within one year | 42/48 | €112,598 | €124,090 | +€11,492 | +10.2% |
| Trade debts | 44 | €1,182 | €3,755 | +€2,573 | +218% |
| Suppliers | 440/4 | €1,182 | €3,755 | +€2,573 | +218% |
| Taxes, remuneration and social security | 45 | €1,072 | €1,003 | -€69 | -6.4% |
| Taxes | 450/3 | €1,072 | €1,003 | -€69 | -6.4% |
| Other amounts payable | 47/48 | €110,344 | €119,332 | +€8,988 | +8.1% |
| Accrued charges and deferred income | 492/3 | €3,780 | €3,780 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,766 | €3,760 | -€16,006 | -81.0% |
| Other operating charges | 640/8 | €1,046 | €1,064 | +€17 | +1.7% |
| Gross operating margin | 9900 | -€8,886 | -€6,212 | +€2,675 | +30.1% |
| Operating profit (loss) | 9901 | -€29,699 | -€11,036 | +€18,663 | +62.8% |
| Financial charges | 65/66B | €77 | €73 | -€4 | -4.6% |
| Recurring financial charges | 65 | €77 | €73 | -€4 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | -€29,775 | -€11,109 | +€18,667 | +62.7% |
| Income taxes | 67/77 | €1,072 | €1,003 | -€69 | -6.4% |
| Profit (loss) for the period | 9904 | -€30,847 | -€12,111 | +€18,735 | +60.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,847 | -€12,111 | +€18,735 | +60.7% |
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 13 October 2026 via checked.be.