JMG Construct: 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.
JMG Construct
Largest movements
- Cash -€253,748
down €253,748 (-92.5%), from €274,257 to €20,508
mainly Current portion of long-term debt (-€206,100) and Current investments (-€160,000)
- Current investments +€160,000
new in 2025: €160,000
- Current portion of long-term debt -€206,100
down €206,100 (-100%), from €206,100 to €0
- Profit (loss) carried forward +€105,319
up €105,319 (+200%), from €52,759 to €158,078
- Tax, wage and social debts +€7,005
new in 2025: €7,005
- Gross operating margin +€133,416
up €133,416 (+1,880%), from €7,097 to €140,513
- Taxes +€33,505
new in 2025: €33,505
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 | €435,869 | €342,094 | -€93,775 | -21.5% |
| Current assets | 29/58 | €435,869 | €342,094 | -€93,775 | -21.5% |
| Stocks and contracts in progress | 3 | €161,200 | €161,200 | = | 0.0% |
| Stocks | 30/36 | €161,200 | €161,200 | = | 0.0% |
| Current investments | 50/53 | - | €160,000 | +€160,000 | |
| Cash at bank and in hand | 54/58 | €274,257 | €20,508 | -€253,748 | -92.5% |
| Deferred charges and accrued income | 490/1 | €412 | €385 | -€27 | -6.4% |
| Total equity and liabilities | 10/49 | €435,869 | €342,094 | -€93,775 | -21.5% |
| Equity | 10/15 | €170,678 | €275,997 | +€105,319 | +61.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €111,719 | €111,719 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Other | 1319 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | €109,859 | €109,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,759 | €158,078 | +€105,319 | +200% |
| Amounts payable | 17/49 | €265,191 | €66,097 | -€199,094 | -75.1% |
| Amounts payable within one year | 42/48 | €265,191 | €66,097 | -€199,094 | -75.1% |
| Current portion of amounts payable after more than one year | 42 | €206,100 | €0 | -€206,100 | -100% |
| Trade debts | 44 | €67 | €68 | +€1 | +1.6% |
| Suppliers | 440/4 | €67 | €68 | +€1 | +1.6% |
| Taxes, remuneration and social security | 45 | - | €7,005 | +€7,005 | |
| Taxes | 450/3 | - | €7,005 | +€7,005 | |
| Other amounts payable | 47/48 | €59,023 | €59,023 | = | 0.0% |
| Other operating charges | 640/8 | €505 | €1,264 | +€759 | +150% |
| Gross operating margin | 9900 | €7,097 | €140,513 | +€133,416 | +1,880% |
| Operating profit (loss) | 9901 | €6,591 | €139,249 | +€132,658 | +2,013% |
| Financial charges | 65/66B | €765 | €425 | -€340 | -44.5% |
| Recurring financial charges | 65 | €765 | €425 | -€340 | -44.5% |
| Profit (loss) for the period before taxes | 9903 | €5,826 | €138,824 | +€132,998 | +2,283% |
| Income taxes | 67/77 | - | €33,505 | +€33,505 | |
| Profit (loss) for the period | 9904 | €5,826 | €105,319 | +€99,493 | +1,708% |
| Profit (loss) for the period to be appropriated | 9905 | €5,826 | €105,319 | +€99,493 | +1,708% |
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 17 October 2026 via checked.be.