JMG TECH: 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 TECH
Largest movements
- Cash +€20,850
up €20,850 (+104.7%), from €19,921 to €40,770
mainly Other debts (+€32,300) and Net result for the year (+€22,092)
- Receivables within one year -€10,205
down €10,205 (-37.0%), from €27,612 to €17,407
of which Trade receivables: -€10,216
- Profit (loss) carried forward -€40,174
no longer reported in 2025 (was €40,174)
- Other debts +€32,300
up €32,300 (+300.1%), from €10,763 to €43,063
- Reserves +€22,092
up €22,092 (+1187.8%), from €1,860 to €23,952
- Debts after one year -€14,983
down €14,983 (-31.2%), from €48,091 to €33,108
- Tax, wage and social debts +€5,750
up €5,750 (+45.0%), from €12,766 to €18,516
- Gross operating margin +€17,651
up €17,651 (+63.3%), from €27,894 to €45,545
- Taxes +€5,727
up €5,727 (+74.5%), from €7,681 to €13,408
- Depreciation -€1,622
down €1,622 (-21.6%), from €7,508 to €5,886
- Other operating charges -€814
down €814 (-73.0%), from €1,115 to €301
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 | €161,865 | €173,465 | +€11,600 | +7.2% |
| Fixed assets | 21/28 | €114,028 | €114,487 | +€459 | +0.4% |
| Intangible fixed assets | 21 | €1,250 | - | -€1,250 | |
| Tangible fixed assets | 22/27 | €12,678 | €14,387 | +€1,709 | +13.5% |
| Plant, machinery and equipment | 23 | €4,553 | €3,767 | -€786 | -17.3% |
| Furniture and vehicles | 24 | €5,911 | €8,655 | +€2,744 | +46.4% |
| Other tangible fixed assets | 26 | €2,214 | €1,965 | -€250 | -11.3% |
| Financial fixed assets | 28 | €100,100 | €100,100 | = | 0.0% |
| Current assets | 29/58 | €47,838 | €58,978 | +€11,141 | +23.3% |
| Amounts receivable within one year | 40/41 | €27,612 | €17,407 | -€10,205 | -37.0% |
| Trade receivables | 40 | €22,741 | €12,526 | -€10,216 | -44.9% |
| Other amounts receivable | 41 | €4,870 | €4,881 | +€11 | +0.2% |
| Cash at bank and in hand | 54/58 | €19,921 | €40,770 | +€20,850 | +104.7% |
| Deferred charges and accrued income | 490/1 | €305 | €801 | +€496 | +162.5% |
| Total equity and liabilities | 10/49 | €161,865 | €173,465 | +€11,600 | +7.2% |
| Equity | 10/15 | €60,634 | €42,552 | -€18,081 | -29.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €23,952 | +€22,092 | +1187.8% |
| Distributable reserves | 133 | €1,860 | €23,952 | +€22,092 | +1187.8% |
| Profit (loss) carried forward | 14 | €40,174 | - | -€40,174 | |
| Amounts payable | 17/49 | €101,232 | €130,913 | +€29,681 | +29.3% |
| Amounts payable after more than one year | 17 | €48,091 | €33,108 | -€14,983 | -31.2% |
| Financial debts | 170/4 | €48,091 | €33,108 | -€14,983 | -31.2% |
| Amounts payable within one year | 42/48 | €52,518 | €95,317 | +€42,799 | +81.5% |
| Current portion of amounts payable after more than one year | 42 | €12,217 | €13,852 | +€1,635 | +13.4% |
| Financial debts | 43 | €10,000 | €10,000 | = | 0.0% |
| Other loans | 439 | €10,000 | €10,000 | = | 0.0% |
| Trade debts | 44 | €6,773 | €9,886 | +€3,113 | +46.0% |
| Suppliers | 440/4 | €6,773 | €9,886 | +€3,113 | +46.0% |
| Taxes, remuneration and social security | 45 | €12,766 | €18,516 | +€5,750 | +45.0% |
| Taxes | 450/3 | €12,766 | €18,516 | +€5,750 | +45.0% |
| Other amounts payable | 47/48 | €10,763 | €43,063 | +€32,300 | +300.1% |
| Accrued charges and deferred income | 492/3 | €622 | €2,488 | +€1,866 | +300.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,508 | €5,886 | -€1,622 | -21.6% |
| Other operating charges | 640/8 | €1,115 | €301 | -€814 | -73.0% |
| Non-recurring operating charges | 66A | €1,316 | €985 | -€331 | -25.1% |
| Gross operating margin | 9900 | €27,894 | €45,545 | +€17,651 | +63.3% |
| Operating profit (loss) | 9901 | €17,955 | €38,374 | +€20,418 | +113.7% |
| Financial income | 75/76B | €0 | €3 | +€3 | +4933.3% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +4933.3% |
| Financial charges | 65/66B | €3,193 | €2,877 | -€316 | -9.9% |
| Recurring financial charges | 65 | €3,193 | €2,877 | -€316 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | €14,763 | €35,500 | +€20,737 | +140.5% |
| Income taxes | 67/77 | €7,681 | €13,408 | +€5,727 | +74.5% |
| Profit (loss) for the period | 9904 | €7,082 | €22,092 | +€15,011 | +212.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,082 | €22,092 | +€15,011 | +212.0% |
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.