JRGS: 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.
JRGS
Largest movements
- Cash -€32,787
down €32,787 (-38.5%), from €85,181 to €52,394
mainly Trade debts (-€27,185) and Contributions, distributions and other (-€20,000)
- Receivables within one year +€5,105
up €5,105 (+15.4%), from €33,194 to €38,299
of which Other amounts receivable: +€36,320
- Tangible fixed assets -€3,962
down €3,962 (-100%), from €3,962 to €0
- Trade debts -€27,185
down €27,185 (-78.7%), from €34,529 to €7,344
- Other debts -€6,905
down €6,905 (-100%), from €6,905 to €0
- Reserves +€5,527
up €5,527 (+8.2%), from €67,543 to €73,070
of which Distributable reserves: +€5,527
- Tax, wage and social debts -€3,062
down €3,062 (-37.1%), from €8,247 to €5,185
- Gross operating margin -€4,140
down €4,140 (-9.5%), from €43,484 to €39,344
- Taxes +€2,443
up €2,443 (+20.6%), from €11,841 to €14,284
- Financial income +€1,409
new in 2026: €1,409
- Depreciation -€911
down €911 (-100%), from €911 to €0
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €123,424 | €91,641 | -€31,783 | -25.8% |
| Fixed assets | 21/28 | €3,962 | €0 | -€3,962 | -100% |
| Tangible fixed assets | 22/27 | €3,962 | €0 | -€3,962 | -100% |
| Furniture and vehicles | 24 | €3,962 | €0 | -€3,962 | -100% |
| Current assets | 29/58 | €119,462 | €91,641 | -€27,821 | -23.3% |
| Amounts receivable within one year | 40/41 | €33,194 | €38,299 | +€5,105 | +15.4% |
| Trade receivables | 40 | €31,215 | €0 | -€31,215 | -100% |
| Other amounts receivable | 41 | €1,979 | €38,299 | +€36,320 | +1,836% |
| Cash at bank and in hand | 54/58 | €85,181 | €52,394 | -€32,787 | -38.5% |
| Deferred charges and accrued income | 490/1 | €1,087 | €949 | -€139 | -12.8% |
| Total equity and liabilities | 10/49 | €123,424 | €91,641 | -€31,783 | -25.8% |
| Equity | 10/15 | €73,743 | €79,112 | +€5,369 | +7.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €67,543 | €73,070 | +€5,527 | +8.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €65,683 | €71,210 | +€5,527 | +8.4% |
| Profit (loss) carried forward | 14 | - | -€158 | -€158 | |
| Amounts payable | 17/49 | €49,681 | €12,529 | -€37,153 | -74.8% |
| Amounts payable within one year | 42/48 | €49,681 | €12,529 | -€37,153 | -74.8% |
| Trade debts | 44 | €34,529 | €7,344 | -€27,185 | -78.7% |
| Suppliers | 440/4 | €34,529 | €7,344 | -€27,185 | -78.7% |
| Taxes, remuneration and social security | 45 | €8,247 | €5,185 | -€3,062 | -37.1% |
| Taxes | 450/3 | €8,247 | €5,185 | -€3,062 | -37.1% |
| Other amounts payable | 47/48 | €6,905 | €0 | -€6,905 | -100% |
| Non-recurring operating income | 76A | €12,000 | €14,154 | +€2,154 | +17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €911 | €0 | -€911 | -100% |
| Other operating charges | 640/8 | €1,148 | €768 | -€379 | -33.1% |
| Gross operating margin | 9900 | €43,484 | €39,344 | -€4,140 | -9.5% |
| Operating profit (loss) | 9901 | €41,425 | €38,576 | -€2,849 | -6.9% |
| Financial income | 75/76B | - | €1,409 | +€1,409 | |
| Recurring financial income | 75 | - | €1,409 | +€1,409 | |
| Financial charges | 65/66B | €234 | €332 | +€98 | +41.8% |
| Recurring financial charges | 65 | €234 | €332 | +€98 | +41.8% |
| Profit (loss) for the period before taxes | 9903 | €41,191 | €39,654 | -€1,538 | -3.7% |
| Income taxes | 67/77 | €11,841 | €14,284 | +€2,443 | +20.6% |
| Profit (loss) for the period | 9904 | €29,350 | €25,369 | -€3,981 | -13.6% |
| Profit (loss) for the period to be appropriated | 9905 | €29,350 | €25,369 | -€3,981 | -13.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.