JMGe: 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.
JMGe
Largest movements
- Receivables within one year -€11,345
down €11,345 (-92.3%), from €12,286 to €941
- Tangible fixed assets -€865
down €865 (-38.0%), from €2,276 to €1,411
of which Plant, machinery and equipment: -€750
- Cash -€546
down €546 (-44.4%), from €1,231 to €685
mainly Current portion of long-term debt (-€13,822) and Other debts (-€9,409)
- Current portion of long-term debt -€13,822
no longer reported in 2025 (was €13,822)
- Other debts -€9,409
down €9,409 (-26.9%), from €34,925 to €25,516
- Profit (loss) carried forward +€8,985
up €8,985 (+18.1%), from -€49,769 to -€40,784
- Trade debts +€1,357
up €1,357 (+198%), from €686 to €2,043
- Financial charges +€8,417
up €8,417, from -€7,129 to €1,288
- Gross operating margin +€4,835
up €4,835 (+62.1%), from €7,780 to €12,615
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 | €18,691 | €5,977 | -€12,714 | -68.0% |
| Fixed assets | 21/28 | €2,601 | €1,736 | -€865 | -33.3% |
| Tangible fixed assets | 22/27 | €2,276 | €1,411 | -€865 | -38.0% |
| Land and buildings | 22 | €1,131 | €1,016 | -€115 | -10.2% |
| Plant, machinery and equipment | 23 | €1,145 | €395 | -€750 | -65.5% |
| Financial fixed assets | 28 | €325 | €325 | = | 0.0% |
| Current assets | 29/58 | €16,090 | €4,241 | -€11,849 | -73.6% |
| Stocks and contracts in progress | 3 | €2,573 | €2,615 | +€42 | +1.6% |
| Stocks | 30/36 | €2,573 | €2,615 | +€42 | +1.6% |
| Amounts receivable within one year | 40/41 | €12,286 | €941 | -€11,345 | -92.3% |
| Trade receivables | 40 | €12,286 | €941 | -€11,345 | -92.3% |
| Cash at bank and in hand | 54/58 | €1,231 | €685 | -€546 | -44.4% |
| Total equity and liabilities | 10/49 | €18,691 | €5,977 | -€12,714 | -68.0% |
| Equity | 10/15 | -€31,169 | -€22,184 | +€8,985 | +28.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,769 | -€40,784 | +€8,985 | +18.1% |
| Amounts payable | 17/49 | €49,860 | €28,161 | -€21,699 | -43.5% |
| Amounts payable within one year | 42/48 | €49,860 | €28,161 | -€21,699 | -43.5% |
| Current portion of amounts payable after more than one year | 42 | €13,822 | - | -€13,822 | |
| Trade debts | 44 | €686 | €2,043 | +€1,357 | +198% |
| Suppliers | 440/4 | €686 | €2,043 | +€1,357 | +198% |
| Taxes, remuneration and social security | 45 | €427 | €602 | +€175 | +41.0% |
| Taxes | 450/3 | €427 | €602 | +€175 | +41.0% |
| Other amounts payable | 47/48 | €34,925 | €25,516 | -€9,409 | -26.9% |
| Non-recurring operating income | 76A | - | €2,417 | +€2,417 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €763 | €865 | +€102 | +13.4% |
| Other operating charges | 640/8 | €1,521 | €1,478 | -€43 | -2.8% |
| Gross operating margin | 9900 | €7,780 | €12,615 | +€4,835 | +62.1% |
| Operating profit (loss) | 9901 | €5,496 | €10,272 | +€4,776 | +86.9% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | -€7,129 | €1,288 | +€8,417 | |
| Recurring financial charges | 65 | -€7,129 | €1,288 | +€8,417 | |
| Profit (loss) for the period before taxes | 9903 | €12,625 | €8,985 | -€3,640 | -28.8% |
| Profit (loss) for the period | 9904 | €12,625 | €8,985 | -€3,640 | -28.8% |
| Profit (loss) for the period to be appropriated | 9905 | €12,625 | €8,985 | -€3,640 | -28.8% |
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 14 October 2026 via checked.be.