JMG: what changed
Two fiscal 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.
JMG
Largest movements
- Cash -€4,560
down €4,560 (-38.1%), from €11,967 to €7,407
mainly Net result for the year (-€7,735) and Short-term financial debts (-€4,179)
- Stocks and contracts -€3,740
down €3,740 (-17.6%), from €21,203 to €17,464
- Tangible fixed assets -€3,321
down €3,321 (-11.2%), from €29,574 to €26,253
- Receivables within one year -€1,548
down €1,548 (-78.3%), from €1,977 to €429
of which Other amounts receivable: -€1,977
- Profit (loss) carried forward -€7,735
down €7,735 (-54.4%), from €14,213 to €6,479
- Short-term financial debts -€4,179
down €4,179 (-58.0%), from €7,201 to €3,022
- Purchases and services -€311,114
no longer reported in 2025 (was €311,114)
- Turnover -€301,324
no longer reported in 2025 (was €301,324)
- Gross operating margin -€4,551
down €4,551 (-90.0%), from €5,057 to €506
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 | €64,784 | €51,848 | -€12,936 | -20.0% |
| Fixed assets | 21/28 | €29,636 | €26,266 | -€3,371 | -11.4% |
| Tangible fixed assets | 22/27 | €29,574 | €26,253 | -€3,321 | -11.2% |
| Land and buildings | 22 | €29,574 | €26,253 | -€3,321 | -11.2% |
| Financial fixed assets | 28 | €62 | €12 | -€50 | -80.1% |
| Current assets | 29/58 | €35,148 | €25,583 | -€9,565 | -27.2% |
| Stocks and contracts in progress | 3 | €21,203 | €17,464 | -€3,740 | -17.6% |
| Stocks | 30/36 | €21,203 | €17,464 | -€3,740 | -17.6% |
| Amounts receivable within one year | 40/41 | €1,977 | €429 | -€1,548 | -78.3% |
| Trade receivables | 40 | - | €429 | +€429 | |
| Other amounts receivable | 41 | €1,977 | - | -€1,977 | |
| Cash at bank and in hand | 54/58 | €11,967 | €7,407 | -€4,560 | -38.1% |
| Deferred charges and accrued income | 490/1 | - | €283 | +€283 | |
| Total equity and liabilities | 10/49 | €64,784 | €51,848 | -€12,936 | -20.0% |
| Equity | 10/15 | €34,479 | €26,745 | -€7,735 | -22.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €266 | €266 | = | 0.0% |
| Non-distributable reserves | 130/1 | €266 | €266 | = | 0.0% |
| Reserves not available under the articles | 1311 | €266 | €266 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,213 | €6,479 | -€7,735 | -54.4% |
| Amounts payable | 17/49 | €30,305 | €25,104 | -€5,201 | -17.2% |
| Amounts payable within one year | 42/48 | €30,305 | €25,104 | -€5,201 | -17.2% |
| Current portion of amounts payable after more than one year | 42 | €300 | €300 | = | 0.0% |
| Financial debts | 43 | €7,201 | €3,022 | -€4,179 | -58.0% |
| Credit institutions | 430/8 | €7,201 | €3,022 | -€4,179 | -58.0% |
| Trade debts | 44 | €8,189 | €7,571 | -€618 | -7.6% |
| Suppliers | 440/4 | €8,189 | €7,571 | -€618 | -7.6% |
| Taxes, remuneration and social security | 45 | €863 | €323 | -€540 | -62.5% |
| Taxes | 450/3 | €250 | €323 | +€74 | +29.5% |
| Remuneration and social security | 454/9 | €614 | - | -€614 | |
| Other amounts payable | 47/48 | €13,751 | €13,888 | +€136 | +1.0% |
| Turnover | 70 | €301,324 | - | -€301,324 | |
| Goods, raw materials, services and sundry goods | 60/61 | €311,114 | - | -€311,114 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,397 | €3,321 | -€77 | -2.3% |
| Other operating charges | 640/8 | €1,850 | €1,908 | +€58 | +3.2% |
| Non-recurring operating charges | 66A | - | €2,358 | +€2,358 | |
| Gross operating margin | 9900 | €5,057 | €506 | -€4,551 | -90.0% |
| Operating profit (loss) | 9901 | -€190 | -€7,081 | -€6,891 | -3620.5% |
| Financial income | 75/76B | €1 | €22 | +€21 | +2253.7% |
| Recurring financial income | 75 | €1 | €22 | +€21 | +2253.7% |
| Financial charges | 65/66B | €863 | €905 | +€42 | +4.9% |
| Recurring financial charges | 65 | €863 | €905 | +€42 | +4.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,052 | -€7,963 | -€6,911 | -657.0% |
| Income taxes | 67/77 | - | -€229 | -€229 | |
| Profit (loss) for the period | 9904 | -€1,052 | -€7,735 | -€6,683 | -635.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,052 | -€7,735 | -€6,683 | -635.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.