JG: 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.
JG
Largest movements
- Cash +€21,241
up €21,241 (+21.8%), from €97,373 to €118,614
mainly Depreciation (+€11,995) and Tax, wage and social debts (+€6,705)
- Tangible fixed assets -€6,330
down €6,330 (-22.1%), from €28,668 to €22,338
of which Furniture and vehicles: -€3,270
- Receivables within one year -€5,715
down €5,715 (-15.9%), from €36,059 to €30,344
of which Trade receivables: -€7,370
- Stocks and contracts +€2,087
up €2,087 (+31.0%), from €6,727 to €8,814
- Tax, wage and social debts +€6,705
up €6,705 (+47.0%), from €14,278 to €20,983
of which Taxes: +€4,826
- Trade debts +€4,445
up €4,445 (+40.5%), from €10,961 to €15,406
- Gross operating margin -€23,682
down €23,682 (-11.8%), from €199,938 to €176,256
- Taxes +€3,906
up €3,906 (+315%), from €1,241 to €5,147
- Staff costs +€3,739
up €3,739 (+2.5%), from €150,242 to €153,981
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 | €168,827 | €180,109 | +€11,282 | +6.7% |
| Fixed assets | 21/28 | €28,668 | €22,338 | -€6,330 | -22.1% |
| Tangible fixed assets | 22/27 | €28,668 | €22,338 | -€6,330 | -22.1% |
| Plant, machinery and equipment | 23 | €15,588 | €12,528 | -€3,060 | -19.6% |
| Furniture and vehicles | 24 | €13,080 | €9,810 | -€3,270 | -25.0% |
| Current assets | 29/58 | €140,159 | €157,771 | +€17,612 | +12.6% |
| Stocks and contracts in progress | 3 | €6,727 | €8,814 | +€2,087 | +31.0% |
| Stocks | 30/36 | €6,727 | €8,814 | +€2,087 | +31.0% |
| Amounts receivable within one year | 40/41 | €36,059 | €30,344 | -€5,715 | -15.9% |
| Trade receivables | 40 | €35,573 | €28,203 | -€7,370 | -20.7% |
| Other amounts receivable | 41 | €486 | €2,141 | +€1,654 | +340% |
| Cash at bank and in hand | 54/58 | €97,373 | €118,614 | +€21,241 | +21.8% |
| Total equity and liabilities | 10/49 | €168,827 | €180,109 | +€11,282 | +6.7% |
| Equity | 10/15 | €143,588 | €143,720 | +€133 | +0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €124,988 | €125,120 | +€133 | +0.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €123,128 | €123,260 | +€133 | +0.1% |
| Amounts payable | 17/49 | €25,239 | €36,389 | +€11,150 | +44.2% |
| Amounts payable within one year | 42/48 | €25,239 | €36,389 | +€11,150 | +44.2% |
| Trade debts | 44 | €10,961 | €15,406 | +€4,445 | +40.5% |
| Suppliers | 440/4 | €10,961 | €15,406 | +€4,445 | +40.5% |
| Taxes, remuneration and social security | 45 | €14,278 | €20,983 | +€6,705 | +47.0% |
| Taxes | 450/3 | €632 | €5,458 | +€4,826 | +764% |
| Remuneration and social security | 454/9 | €13,646 | €15,525 | +€1,879 | +13.8% |
| Remuneration, social security and pensions | 62 | €150,242 | €153,981 | +€3,739 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,862 | €11,995 | +€1,133 | +10.4% |
| Other operating charges | 640/8 | €1,773 | €2,605 | +€832 | +47.0% |
| Gross operating margin | 9900 | €199,938 | €176,256 | -€23,682 | -11.8% |
| Operating profit (loss) | 9901 | €37,061 | €7,675 | -€29,386 | -79.3% |
| Financial income | 75/76B | €969 | €901 | -€67 | -7.0% |
| Recurring financial income | 75 | €969 | €901 | -€67 | -7.0% |
| Financial charges | 65/66B | €2,854 | €3,297 | +€443 | +15.5% |
| Recurring financial charges | 65 | €2,854 | €3,297 | +€443 | +15.5% |
| Profit (loss) for the period before taxes | 9903 | €35,176 | €5,280 | -€29,896 | -85.0% |
| Income taxes | 67/77 | €1,241 | €5,147 | +€3,906 | +315% |
| Profit (loss) for the period | 9904 | €33,934 | €133 | -€33,802 | -99.6% |
| Profit (loss) for the period to be appropriated | 9905 | €33,934 | €133 | -€33,802 | -99.6% |
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.