J.N.C.K.: what changed
J.N.C.K.
Largest movements
- Cash -€12,220
down €12,220 (-68.2%), from €17,919 to €5,699
mainly Tax, wage and social debts (-€17,346) and Trade debts (-€16,389)
- Tangible fixed assets -€7,482
down €7,482 (-38.2%), from €19,604 to €12,122
of which Plant, machinery and equipment: -€6,657
- Intangible fixed assets -€6,491
down €6,491 (-17.6%), from €36,849 to €30,357
- Receivables within one year +€1,645
up €1,645 (+35.9%), from €4,578 to €6,223
of which Other amounts receivable: +€1,970
- Tax, wage and social debts -€17,346
down €17,346 (-99.2%), from €17,477 to €131
of which Taxes: -€11,417
- Trade debts -€16,389
down €16,389 (-24.6%), from €66,733 to €50,344
- Current portion of long-term debt +€11,865
up €11,865 (+36.5%), from €32,508 to €44,372
- Debts after one year -€11,325
down €11,325 (-39.0%), from €29,006 to €17,681
of which Trade debts: -€10,356
- Profit (loss) carried forward +€6,781
up €6,781 (+15.4%), from -€44,124 to -€37,343
- Staff costs -€20,137
down €20,137 (-39.5%), from €50,977 to €30,841
- Other operating charges +€3,653
up €3,653 (+140%), from €2,618 to €6,271
- Gross operating margin +€1,621
up €1,621 (+2.4%), from €66,476 to €68,097
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €105,535 | €80,654 | -€24,882 | -23.6% |
| Formation expenses | 20 | €104 | €0 | -€104 | -100% |
| Fixed assets | 21/28 | €65,453 | €51,480 | -€13,973 | -21.3% |
| Intangible fixed assets | 21 | €36,849 | €30,357 | -€6,491 | -17.6% |
| Tangible fixed assets | 22/27 | €19,604 | €12,122 | -€7,482 | -38.2% |
| Plant, machinery and equipment | 23 | €18,358 | €11,702 | -€6,657 | -36.3% |
| Furniture and vehicles | 24 | €1,246 | €421 | -€825 | -66.2% |
| Financial fixed assets | 28 | €9,000 | €9,000 | = | 0.0% |
| Current assets | 29/58 | €39,978 | €29,174 | -€10,804 | -27.0% |
| Stocks and contracts in progress | 3 | €15,640 | €15,604 | -€37 | -0.2% |
| Stocks | 30/36 | €15,640 | €15,604 | -€37 | -0.2% |
| Amounts receivable within one year | 40/41 | €4,578 | €6,223 | +€1,645 | +35.9% |
| Trade receivables | 40 | €325 | €0 | -€325 | -100% |
| Other amounts receivable | 41 | €4,253 | €6,223 | +€1,970 | +46.3% |
| Cash at bank and in hand | 54/58 | €17,919 | €5,699 | -€12,220 | -68.2% |
| Deferred charges and accrued income | 490/1 | €1,841 | €1,648 | -€192 | -10.4% |
| Total equity and liabilities | 10/49 | €105,535 | €80,654 | -€24,882 | -23.6% |
| Equity | 10/15 | -€42,124 | -€35,343 | +€6,781 | +16.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,124 | -€37,343 | +€6,781 | +15.4% |
| Amounts payable | 17/49 | €147,659 | €115,997 | -€31,662 | -21.4% |
| Amounts payable after more than one year | 17 | €29,006 | €17,681 | -€11,325 | -39.0% |
| Financial debts | 170/4 | €18,650 | €17,681 | -€969 | -5.2% |
| Trade debts | 175 | €10,356 | - | -€10,356 | |
| Amounts payable within one year | 42/48 | €118,604 | €97,879 | -€20,725 | -17.5% |
| Current portion of amounts payable after more than one year | 42 | €32,508 | €44,372 | +€11,865 | +36.5% |
| Trade debts | 44 | €66,733 | €50,344 | -€16,389 | -24.6% |
| Suppliers | 440/4 | €66,733 | €50,344 | -€16,389 | -24.6% |
| Taxes, remuneration and social security | 45 | €17,477 | €131 | -€17,346 | -99.2% |
| Taxes | 450/3 | €11,548 | €131 | -€11,417 | -98.9% |
| Remuneration and social security | 454/9 | €5,929 | €0 | -€5,929 | -100% |
| Other amounts payable | 47/48 | €1,887 | €3,032 | +€1,145 | +60.7% |
| Accrued charges and deferred income | 492/3 | €49 | €437 | +€388 | +791% |
| Non-recurring operating income | 76A | - | €1,742 | +€1,742 | |
| Remuneration, social security and pensions | 62 | €50,977 | €30,841 | -€20,137 | -39.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,276 | €16,854 | -€421 | -2.4% |
| Other operating charges | 640/8 | €2,618 | €6,271 | +€3,653 | +140% |
| Gross operating margin | 9900 | €66,476 | €68,097 | +€1,621 | +2.4% |
| Operating profit (loss) | 9901 | -€4,394 | €14,131 | +€18,525 | |
| Financial income | 75/76B | €50 | €91 | +€41 | +81.5% |
| Recurring financial income | 75 | €50 | €91 | +€41 | +81.5% |
| Financial charges | 65/66B | €7,248 | €7,136 | -€112 | -1.5% |
| Recurring financial charges | 65 | €7,248 | €7,136 | -€112 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | -€11,592 | €7,086 | +€18,678 | |
| Income taxes | 67/77 | €385 | €305 | -€79 | -20.6% |
| Profit (loss) for the period | 9904 | -€11,976 | €6,781 | +€18,757 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,976 | €6,781 | +€18,757 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.