JMGC: 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.
JMGC
Largest movements
- Tangible fixed assets +€27,385
up €27,385 (+144%), from €19,045 to €46,429
of which Furniture and vehicles: +€26,370
- Receivables within one year -€15,939
down €15,939 (-49.2%), from €32,370 to €16,431
of which Trade receivables: -€11,109
- Cash -€14,346
down €14,346 (-17.0%), from €84,254 to €69,908
mainly Investment in fixed assets (net) (-€41,048) and Debts after one year (-€12,150)
- Stocks and contracts -€1,604
down €1,604 (-21.2%), from €7,580 to €5,975
- Debts after one year -€12,150
down €12,150 (-34.3%), from €35,450 to €23,300
- Reserves +€10,570
up €10,570 (+152%), from €6,974 to €17,544
- Trade debts -€4,836
down €4,836 (-36.2%), from €13,363 to €8,527
- Gross operating margin +€27,285
up €27,285 (+79.5%), from €34,303 to €61,588
- Staff costs +€15,380
up €15,380 (+92.7%), from €16,589 to €31,969
- Depreciation +€4,730
up €4,730 (+52.9%), from €8,934 to €13,664
- Financial charges +€1,021
up €1,021 (+146%), from €697 to €1,718
- Taxes +€875
up €875 (+40.3%), from €2,172 to €3,048
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 | €143,834 | €138,803 | -€5,032 | -3.5% |
| Fixed assets | 21/28 | €19,104 | €46,489 | +€27,385 | +143% |
| Tangible fixed assets | 22/27 | €19,045 | €46,429 | +€27,385 | +144% |
| Plant, machinery and equipment | 23 | €3,269 | €4,283 | +€1,014 | +31.0% |
| Furniture and vehicles | 24 | €15,776 | €42,146 | +€26,370 | +167% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €124,730 | €92,313 | -€32,416 | -26.0% |
| Stocks and contracts in progress | 3 | €7,580 | €5,975 | -€1,604 | -21.2% |
| Stocks | 30/36 | €7,580 | €5,975 | -€1,604 | -21.2% |
| Amounts receivable within one year | 40/41 | €32,370 | €16,431 | -€15,939 | -49.2% |
| Trade receivables | 40 | €17,175 | €6,066 | -€11,109 | -64.7% |
| Other amounts receivable | 41 | €15,194 | €10,365 | -€4,830 | -31.8% |
| Cash at bank and in hand | 54/58 | €84,254 | €69,908 | -€14,346 | -17.0% |
| Deferred charges and accrued income | 490/1 | €527 | - | -€527 | |
| Total equity and liabilities | 10/49 | €143,834 | €138,803 | -€5,032 | -3.5% |
| Equity | 10/15 | €81,911 | €92,480 | +€10,570 | +12.9% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €6,974 | €17,544 | +€10,570 | +152% |
| Distributable reserves | 133 | €6,974 | €17,544 | +€10,570 | +152% |
| Profit (loss) carried forward | 14 | €67,437 | €67,437 | = | 0.0% |
| Amounts payable | 17/49 | €61,923 | €46,322 | -€15,601 | -25.2% |
| Amounts payable after more than one year | 17 | €35,450 | €23,300 | -€12,150 | -34.3% |
| Financial debts | 170/4 | €35,450 | €23,300 | -€12,150 | -34.3% |
| Amounts payable within one year | 42/48 | €26,473 | €23,022 | -€3,451 | -13.0% |
| Current portion of amounts payable after more than one year | 42 | €11,770 | €12,150 | +€381 | +3.2% |
| Trade debts | 44 | €13,363 | €8,527 | -€4,836 | -36.2% |
| Suppliers | 440/4 | €13,363 | €8,527 | -€4,836 | -36.2% |
| Advances received on contracts in progress | 46 | €161 | €161 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €1,179 | €2,183 | +€1,004 | +85.2% |
| Remuneration and social security | 454/9 | €1,179 | €2,183 | +€1,004 | +85.2% |
| Remuneration, social security and pensions | 62 | €16,589 | €31,969 | +€15,380 | +92.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,934 | €13,664 | +€4,730 | +52.9% |
| Other operating charges | 640/8 | €888 | €739 | -€149 | -16.8% |
| Gross operating margin | 9900 | €34,303 | €61,588 | +€27,285 | +79.5% |
| Operating profit (loss) | 9901 | €7,892 | €15,216 | +€7,324 | +92.8% |
| Financial income | 75/76B | €76 | €119 | +€43 | +56.5% |
| Recurring financial income | 75 | €76 | €119 | +€43 | +56.5% |
| Financial charges | 65/66B | €697 | €1,718 | +€1,021 | +146% |
| Recurring financial charges | 65 | €697 | €1,718 | +€1,021 | +146% |
| Profit (loss) for the period before taxes | 9903 | €7,271 | €13,617 | +€6,346 | +87.3% |
| Income taxes | 67/77 | €2,172 | €3,048 | +€875 | +40.3% |
| Profit (loss) for the period | 9904 | €5,099 | €10,570 | +€5,471 | +107% |
| Profit (loss) for the period to be appropriated | 9905 | €5,099 | €10,570 | +€5,471 | +107% |
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 13 October 2026 via checked.be.