JMG RACING: 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 RACING
Largest movements
- Stocks and contracts +€35,068
up €35,068 (+79.0%), from €44,374 to €79,442
- Tangible fixed assets -€9,132
down €9,132 (-22.8%), from €40,118 to €30,985
of which Furniture and vehicles: -€6,212
- Cash -€6,980
down €6,980 (-5.1%), from €137,225 to €130,245
mainly Stocks and contracts (-€35,068) and Other debts (-€10,299)
- Deferred charges and accrued income +€5,638
up €5,638 (+987%), from €571 to €6,209
- Receivables within one year -€3,440
down €3,440 (-22.4%), from €15,329 to €11,889
of which Other amounts receivable: -€9,061
- Reserves +€19,860
up €19,860 (+14.5%), from €137,300 to €157,160
of which Distributable reserves: +€18,000
- Tax, wage and social debts +€16,520
up €16,520 (+78.1%), from €21,146 to €37,666
of which Taxes: +€15,870
- Other debts -€10,299
down €10,299 (-41.0%), from €25,130 to €14,831
- Debts after one year -€4,257
no longer reported in 2025 (was €4,257)
- Gross operating margin +€12,835
up €12,835 (+14.8%), from €86,931 to €99,767
- Depreciation +€4,406
up €4,406 (+53.1%), from €8,303 to €12,709
- Taxes +€2,756
up €2,756 (+58.1%), from €4,744 to €7,499
- Write-downs -€1,613
down €1,613 (-87.8%), from €1,838 to €225
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 | €237,717 | €258,871 | +€21,153 | +8.9% |
| Fixed assets | 21/28 | €40,218 | €31,085 | -€9,132 | -22.7% |
| Tangible fixed assets | 22/27 | €40,118 | €30,985 | -€9,132 | -22.8% |
| Plant, machinery and equipment | 23 | €8,572 | €5,651 | -€2,921 | -34.1% |
| Furniture and vehicles | 24 | €31,546 | €25,334 | -€6,212 | -19.7% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €197,500 | €227,785 | +€30,285 | +15.3% |
| Stocks and contracts in progress | 3 | €44,374 | €79,442 | +€35,068 | +79.0% |
| Stocks | 30/36 | €44,374 | €79,442 | +€35,068 | +79.0% |
| Amounts receivable within one year | 40/41 | €15,329 | €11,889 | -€3,440 | -22.4% |
| Trade receivables | 40 | €6,269 | €11,889 | +€5,620 | +89.7% |
| Other amounts receivable | 41 | €9,061 | - | -€9,061 | |
| Cash at bank and in hand | 54/58 | €137,225 | €130,245 | -€6,980 | -5.1% |
| Deferred charges and accrued income | 490/1 | €571 | €6,209 | +€5,638 | +987% |
| Total equity and liabilities | 10/49 | €237,717 | €258,871 | +€21,153 | +8.9% |
| Equity | 10/15 | €163,163 | €181,170 | +€18,008 | +11.0% |
| Contributions | 10/11 | €20,460 | €18,600 | -€1,860 | -9.1% |
| Reserves | 13 | €137,300 | €157,160 | +€19,860 | +14.5% |
| Non-distributable reserves | 130/1 | - | €1,860 | +€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | €137,300 | €155,300 | +€18,000 | +13.1% |
| Profit (loss) carried forward | 14 | €5,403 | €5,410 | +€8 | +0.1% |
| Amounts payable | 17/49 | €74,555 | €77,700 | +€3,145 | +4.2% |
| Amounts payable after more than one year | 17 | €4,257 | - | -€4,257 | |
| Financial debts | 170/4 | €4,257 | - | -€4,257 | |
| Amounts payable within one year | 42/48 | €70,298 | €77,700 | +€7,402 | +10.5% |
| Current portion of amounts payable after more than one year | 42 | €4,938 | €4,257 | -€681 | -13.8% |
| Trade debts | 44 | €19,085 | €20,947 | +€1,863 | +9.8% |
| Suppliers | 440/4 | €19,085 | €20,947 | +€1,863 | +9.8% |
| Taxes, remuneration and social security | 45 | €21,146 | €37,666 | +€16,520 | +78.1% |
| Taxes | 450/3 | €11,420 | €27,291 | +€15,870 | +139% |
| Remuneration and social security | 454/9 | €9,726 | €10,375 | +€650 | +6.7% |
| Other amounts payable | 47/48 | €25,130 | €14,831 | -€10,299 | -41.0% |
| Remuneration, social security and pensions | 62 | €57,548 | €58,312 | +€764 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,303 | €12,709 | +€4,406 | +53.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,838 | €225 | -€1,613 | -87.8% |
| Other operating charges | 640/8 | €839 | €1,800 | +€961 | +115% |
| Gross operating margin | 9900 | €86,931 | €99,767 | +€12,835 | +14.8% |
| Operating profit (loss) | 9901 | €18,404 | €26,721 | +€8,318 | +45.2% |
| Financial income | 75/76B | €358 | €648 | +€290 | +81.0% |
| Recurring financial income | 75 | €358 | €648 | +€290 | +81.0% |
| Financial charges | 65/66B | €2,500 | €1,862 | -€638 | -25.5% |
| Recurring financial charges | 65 | €2,500 | €1,862 | -€638 | -25.5% |
| Profit (loss) for the period before taxes | 9903 | €16,261 | €25,507 | +€9,246 | +56.9% |
| Income taxes | 67/77 | €4,744 | €7,499 | +€2,756 | +58.1% |
| Profit (loss) for the period | 9904 | €11,518 | €18,008 | +€6,490 | +56.3% |
| Profit (loss) for the period to be appropriated | 9905 | €11,518 | €18,008 | +€6,490 | +56.3% |
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 23 October 2026 via checked.be.