JmG MANAGEMENT: 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 MANAGEMENT
Largest movements
- Cash +€33,635
up €33,635 (+95.2%), from €35,315 to €68,950
mainly Net result for the year (+€66,839) and Other debts (+€12,130)
- Tangible fixed assets -€8,766
down €8,766 (-21.4%), from €41,015 to €32,249
of which Furniture and vehicles: -€6,211
- Receivables within one year -€5,935
down €5,935 (-8.9%), from €66,887 to €60,953
of which Other amounts receivable: -€12,747
- Other debts +€12,130
new in 2025: €12,130
- Tax, wage and social debts +€11,083
up €11,083 (+52.3%), from €21,207 to €32,290
- Current portion of long-term debt -€8,981
down €8,981 (-74.2%), from €12,103 to €3,122
- Profit (loss) carried forward +€7,372
up €7,372 (+7.7%), from €95,324 to €102,696
- Debts after one year -€3,122
no longer reported in 2025 (was €3,122)
- Gross operating margin +€31,496
up €31,496 (+42.9%), from €73,349 to €104,845
- Taxes +€6,842
up €6,842 (+47.4%), from €14,438 to €21,280
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 | €144,769 | €163,446 | +€18,677 | +12.9% |
| Formation expenses | 20 | €258 | - | -€258 | |
| Fixed assets | 21/28 | €41,015 | €32,249 | -€8,766 | -21.4% |
| Tangible fixed assets | 22/27 | €41,015 | €32,249 | -€8,766 | -21.4% |
| Furniture and vehicles | 24 | €18,825 | €12,614 | -€6,211 | -33.0% |
| Other tangible fixed assets | 26 | €22,190 | €19,635 | -€2,555 | -11.5% |
| Current assets | 29/58 | €103,496 | €131,197 | +€27,700 | +26.8% |
| Amounts receivable within one year | 40/41 | €66,887 | €60,953 | -€5,935 | -8.9% |
| Trade receivables | 40 | €54,141 | €60,953 | +€6,812 | +12.6% |
| Other amounts receivable | 41 | €12,747 | - | -€12,747 | |
| Cash at bank and in hand | 54/58 | €35,315 | €68,950 | +€33,635 | +95.2% |
| Deferred charges and accrued income | 490/1 | €1,294 | €1,294 | = | 0.0% |
| Total equity and liabilities | 10/49 | €144,769 | €163,446 | +€18,677 | +12.9% |
| Equity | 10/15 | €97,324 | €104,696 | +€7,372 | +7.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €95,324 | €102,696 | +€7,372 | +7.7% |
| Amounts payable | 17/49 | €47,445 | €58,750 | +€11,305 | +23.8% |
| Amounts payable after more than one year | 17 | €3,122 | - | -€3,122 | |
| Financial debts | 170/4 | €3,122 | - | -€3,122 | |
| Amounts payable within one year | 42/48 | €36,650 | €51,806 | +€15,156 | +41.4% |
| Current portion of amounts payable after more than one year | 42 | €12,103 | €3,122 | -€8,981 | -74.2% |
| Trade debts | 44 | €3,340 | €4,264 | +€924 | +27.7% |
| Suppliers | 440/4 | €3,340 | €4,264 | +€924 | +27.7% |
| Taxes, remuneration and social security | 45 | €21,207 | €32,290 | +€11,083 | +52.3% |
| Taxes | 450/3 | €21,207 | €32,290 | +€11,083 | +52.3% |
| Other amounts payable | 47/48 | - | €12,130 | +€12,130 | |
| Accrued charges and deferred income | 492/3 | €7,673 | €6,944 | -€729 | -9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,324 | €10,345 | +€21 | +0.2% |
| Other operating charges | 640/8 | €597 | €595 | -€3 | -0.4% |
| Gross operating margin | 9900 | €73,349 | €104,845 | +€31,496 | +42.9% |
| Operating profit (loss) | 9901 | €62,428 | €93,906 | +€31,478 | +50.4% |
| Financial income | 75/76B | €0 | €0 | -€0 | -95.2% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -95.2% |
| Financial charges | 65/66B | €6,319 | €5,787 | -€533 | -8.4% |
| Recurring financial charges | 65 | €6,319 | €5,787 | -€533 | -8.4% |
| Profit (loss) for the period before taxes | 9903 | €56,109 | €88,119 | +€32,010 | +57.1% |
| Income taxes | 67/77 | €14,438 | €21,280 | +€6,842 | +47.4% |
| Profit (loss) for the period | 9904 | €41,671 | €66,839 | +€25,168 | +60.4% |
| Profit (loss) for the period to be appropriated | 9905 | €41,671 | €66,839 | +€25,168 | +60.4% |
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 20 October 2026 via checked.be.