JGR MAN: 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.
JGR MAN
Largest movements
- Cash +€14,948
up €14,948 (+63.3%), from €23,627 to €38,575
mainly Investment in fixed assets (net) (+€9,737) and Tax, wage and social debts (+€2,765)
- Tangible fixed assets -€12,526
down €12,526 (-57.4%), from €21,827 to €9,301
- Receivables within one year +€2,098
up €2,098 (+56.8%), from €3,692 to €5,790
of which Trade receivables: +€5,785
- Tax, wage and social debts +€2,765
up €2,765 (+37.2%), from €7,436 to €10,201
of which Taxes: +€2,441
- Trade debts +€2,242
up €2,242 (+58.0%), from €3,866 to €6,108
- Gross operating margin -€25,525
down €25,525 (-33.9%), from €75,335 to €49,810
- Staff costs -€11,351
down €11,351 (-23.6%), from €48,082 to €36,731
- Depreciation -€4,157
down €4,157 (-60.6%), from €6,858 to €2,701
- Taxes -€2,981
down €2,981 (-53.3%), from €5,596 to €2,615
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 | €54,232 | €59,105 | +€4,873 | +9.0% |
| Fixed assets | 21/28 | €26,131 | €13,694 | -€12,438 | -47.6% |
| Tangible fixed assets | 22/27 | €21,827 | €9,301 | -€12,526 | -57.4% |
| Furniture and vehicles | 24 | €21,827 | €9,301 | -€12,526 | -57.4% |
| Financial fixed assets | 28 | €4,305 | €4,393 | +€88 | +2.0% |
| Current assets | 29/58 | €28,101 | €45,411 | +€17,310 | +61.6% |
| Amounts receivable within one year | 40/41 | €3,692 | €5,790 | +€2,098 | +56.8% |
| Trade receivables | 40 | - | €5,785 | +€5,785 | |
| Other amounts receivable | 41 | €3,692 | €5 | -€3,687 | -99.9% |
| Cash at bank and in hand | 54/58 | €23,627 | €38,575 | +€14,948 | +63.3% |
| Deferred charges and accrued income | 490/1 | €782 | €1,046 | +€264 | +33.8% |
| Total equity and liabilities | 10/49 | €54,232 | €59,105 | +€4,873 | +9.0% |
| Equity | 10/15 | €42,930 | €42,746 | -€184 | -0.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,470 | €22,286 | -€184 | -0.8% |
| Amounts payable | 17/49 | €11,302 | €16,359 | +€5,057 | +44.7% |
| Amounts payable within one year | 42/48 | €11,302 | €16,359 | +€5,057 | +44.7% |
| Trade debts | 44 | €3,866 | €6,108 | +€2,242 | +58.0% |
| Suppliers | 440/4 | €3,866 | €6,108 | +€2,242 | +58.0% |
| Taxes, remuneration and social security | 45 | €7,436 | €10,201 | +€2,765 | +37.2% |
| Taxes | 450/3 | €7,324 | €9,764 | +€2,441 | +33.3% |
| Remuneration and social security | 454/9 | €112 | €437 | +€325 | +289.6% |
| Other amounts payable | 47/48 | - | €50 | +€50 | |
| Remuneration, social security and pensions | 62 | €48,082 | €36,731 | -€11,351 | -23.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,858 | €2,701 | -€4,157 | -60.6% |
| Other operating charges | 640/8 | €627 | €534 | -€93 | -14.8% |
| Non-recurring operating charges | 66A | - | €5,585 | +€5,585 | |
| Gross operating margin | 9900 | €75,335 | €49,810 | -€25,525 | -33.9% |
| Operating profit (loss) | 9901 | €19,769 | €4,259 | -€15,509 | -78.5% |
| Financial income | 75/76B | €44 | €138 | +€94 | +211.6% |
| Recurring financial income | 75 | €44 | €138 | +€94 | +211.6% |
| Financial charges | 65/66B | €2,050 | €1,966 | -€83 | -4.1% |
| Recurring financial charges | 65 | €2,050 | €1,966 | -€83 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | €17,763 | €2,431 | -€15,332 | -86.3% |
| Income taxes | 67/77 | €5,596 | €2,615 | -€2,981 | -53.3% |
| Profit (loss) for the period | 9904 | €12,167 | -€184 | -€12,351 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,167 | -€184 | -€12,351 |
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 10 October 2026 via checked.be.