JRG: 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.
JRG
Largest movements
- Stocks and contracts +€165,718
new in 2025: €165,718
- Receivables within one year +€57,871
up €57,871 (+1,159%), from €4,994 to €62,866
of which Trade receivables: +€57,241
- Tangible fixed assets +€30,254
up €30,254 (+1,534%), from €1,972 to €32,226
of which Other tangible fixed assets: +€29,750
- Cash -€22,161
down €22,161 (-54.0%), from €41,054 to €18,893
mainly Stocks and contracts (-€165,718) and Receivables within one year (-€57,871)
- Financial fixed assets -€12,500
down €12,500 (-37.5%), from €33,333 to €20,833
- Reserves +€113,436
up €113,436 (+353%), from €32,133 to €145,569
- Trade debts +€53,739
up €53,739 (+4,037%), from €1,331 to €55,070
- Other debts +€50,015
up €50,015 (+235%), from €21,321 to €71,336
- Tax, wage and social debts +€6,018
up €6,018 (+52.0%), from €11,569 to €17,586
- Gross operating margin +€112,214
up €112,214 (+222%), from €50,607 to €162,821
- Taxes +€25,956
up €25,956 (+216%), from €12,000 to €37,956
- Other operating charges +€7,364
up €7,364 (+740%), from €995 to €8,360
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 | €81,353 | €304,561 | +€223,207 | +274% |
| Fixed assets | 21/28 | €35,305 | €53,059 | +€17,754 | +50.3% |
| Tangible fixed assets | 22/27 | €1,972 | €32,226 | +€30,254 | +1,534% |
| Plant, machinery and equipment | 23 | €885 | €1,655 | +€770 | +87.1% |
| Furniture and vehicles | 24 | €1,087 | €820 | -€266 | -24.5% |
| Other tangible fixed assets | 26 | - | €29,750 | +€29,750 | |
| Financial fixed assets | 28 | €33,333 | €20,833 | -€12,500 | -37.5% |
| Current assets | 29/58 | €46,048 | €251,502 | +€205,453 | +446% |
| Stocks and contracts in progress | 3 | - | €165,718 | +€165,718 | |
| Stocks | 30/36 | - | €165,718 | +€165,718 | |
| Amounts receivable within one year | 40/41 | €4,994 | €62,866 | +€57,871 | +1,159% |
| Trade receivables | 40 | €4,994 | €62,236 | +€57,241 | +1,146% |
| Other amounts receivable | 41 | - | €630 | +€630 | |
| Cash at bank and in hand | 54/58 | €41,054 | €18,893 | -€22,161 | -54.0% |
| Deferred charges and accrued income | 490/1 | - | €4,025 | +€4,025 | |
| Total equity and liabilities | 10/49 | €81,353 | €304,561 | +€223,207 | +274% |
| Equity | 10/15 | €47,133 | €160,569 | +€113,436 | +241% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €32,133 | €145,569 | +€113,436 | +353% |
| Distributable reserves | 133 | €32,133 | €145,569 | +€113,436 | +353% |
| Amounts payable | 17/49 | €34,220 | €143,992 | +€109,771 | +321% |
| Amounts payable within one year | 42/48 | €34,220 | €143,992 | +€109,771 | +321% |
| Trade debts | 44 | €1,331 | €55,070 | +€53,739 | +4,037% |
| Suppliers | 440/4 | €1,331 | €55,070 | +€53,739 | +4,037% |
| Taxes, remuneration and social security | 45 | €11,569 | €17,586 | +€6,018 | +52.0% |
| Taxes | 450/3 | €11,569 | €17,586 | +€6,018 | +52.0% |
| Other amounts payable | 47/48 | €21,321 | €71,336 | +€50,015 | +235% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €325 | €625 | +€300 | +92.2% |
| Other operating charges | 640/8 | €995 | €8,360 | +€7,364 | +740% |
| Gross operating margin | 9900 | €50,607 | €162,821 | +€112,214 | +222% |
| Operating profit (loss) | 9901 | €49,287 | €153,836 | +€104,550 | +212% |
| Financial income | 75/76B | - | €27 | +€27 | |
| Recurring financial income | 75 | - | €27 | +€27 | |
| Financial charges | 65/66B | €2,158 | €2,471 | +€313 | +14.5% |
| Recurring financial charges | 65 | €2,158 | €2,471 | +€313 | +14.5% |
| Profit (loss) for the period before taxes | 9903 | €47,129 | €151,392 | +€104,264 | +221% |
| Income taxes | 67/77 | €12,000 | €37,956 | +€25,956 | +216% |
| Profit (loss) for the period | 9904 | €35,129 | €113,436 | +€78,308 | +223% |
| Profit (loss) for the period to be appropriated | 9905 | €35,129 | €113,436 | +€78,308 | +223% |
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 30 October 2026 via checked.be.