J.N CONCEPTION: what changed
Two fiscal 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.
J.N CONCEPTION
Largest movements
- Tangible fixed assets -€54,964
no longer reported in 2025 (was €54,964)
- Cash +€17,431
up €17,431 (+210.6%), from €8,278 to €25,709
mainly Investment in fixed assets (net) (+€54,964) and Tax, wage and social debts (+€3,473)
- Receivables within one year +€15,201
up €15,201 (+56.5%), from €26,888 to €42,089
of which Other amounts receivable: +€14,300
- Deferred charges and accrued income +€4,415
up €4,415 (+919.2%), from €480 to €4,896
- Debts after one year -€12,300
down €12,300 (-30.3%), from €40,598 to €28,298
- Reserves -€10,567
down €10,567 (-40.8%), from €25,924 to €15,357
- Tax, wage and social debts +€3,473
up €3,473 (+49.0%), from €7,094 to €10,567
- Trade debts +€2,156
up €2,156 (+212.2%), from €1,016 to €3,172
- Financial charges +€28,594
up €28,594 (+1299.7%), from €2,200 to €30,794
of which Non-recurring financial charges: +€28,942
- Depreciation -€11,692
no longer reported in 2025 (was €11,692)
- Gross operating margin -€8,831
down €8,831 (-29.6%), from €29,859 to €21,028
- Taxes -€6,677
no longer reported in 2025 (was €6,677)
- Other operating charges -€3,503
down €3,503 (-78.3%), from €4,477 to €973
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.
Cash bridge derived
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 | €90,610 | €72,693 | -€17,917 | -19.8% |
| Fixed assets | 21/28 | €54,964 | - | -€54,964 | |
| Tangible fixed assets | 22/27 | €54,964 | - | -€54,964 | |
| Furniture and vehicles | 24 | €54,964 | - | -€54,964 | |
| Current assets | 29/58 | €35,646 | €72,693 | +€37,047 | +103.9% |
| Amounts receivable within one year | 40/41 | €26,888 | €42,089 | +€15,201 | +56.5% |
| Trade receivables | 40 | €15,434 | €16,335 | +€901 | +5.8% |
| Other amounts receivable | 41 | €11,454 | €25,754 | +€14,300 | +124.9% |
| Cash at bank and in hand | 54/58 | €8,278 | €25,709 | +€17,431 | +210.6% |
| Deferred charges and accrued income | 490/1 | €480 | €4,896 | +€4,415 | +919.2% |
| Total equity and liabilities | 10/49 | €90,610 | €72,693 | -€17,917 | -19.8% |
| Equity | 10/15 | €28,924 | €18,357 | -€10,567 | -36.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €25,924 | €15,357 | -€10,567 | -40.8% |
| Distributable reserves | 133 | €25,924 | €15,357 | -€10,567 | -40.8% |
| Amounts payable | 17/49 | €61,687 | €54,336 | -€7,350 | -11.9% |
| Amounts payable after more than one year | 17 | €40,598 | €28,298 | -€12,300 | -30.3% |
| Financial debts | 170/4 | €40,598 | €28,298 | -€12,300 | -30.3% |
| Amounts payable within one year | 42/48 | €21,089 | €26,038 | +€4,949 | +23.5% |
| Current portion of amounts payable after more than one year | 42 | €12,979 | €12,300 | -€679 | -5.2% |
| Trade debts | 44 | €1,016 | €3,172 | +€2,156 | +212.2% |
| Suppliers | 440/4 | €1,016 | €3,172 | +€2,156 | +212.2% |
| Taxes, remuneration and social security | 45 | €7,094 | €10,567 | +€3,473 | +49.0% |
| Taxes | 450/3 | €7,094 | €10,567 | +€3,473 | +49.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,692 | - | -€11,692 | |
| Other operating charges | 640/8 | €4,477 | €973 | -€3,503 | -78.3% |
| Gross operating margin | 9900 | €29,859 | €21,028 | -€8,831 | -29.6% |
| Operating profit (loss) | 9901 | €13,690 | €20,055 | +€6,365 | +46.5% |
| Financial income | 75/76B | - | €173 | +€173 | |
| Recurring financial income | 75 | - | €173 | +€173 | |
| Financial charges | 65/66B | €2,200 | €30,794 | +€28,594 | +1299.7% |
| Recurring financial charges | 65 | €2,200 | €1,852 | -€348 | -15.8% |
| Non-recurring financial charges | 66B | - | €28,942 | +€28,942 | |
| Profit (loss) for the period before taxes | 9903 | €11,490 | -€10,567 | -€22,057 | |
| Income taxes | 67/77 | €6,677 | - | -€6,677 | |
| Profit (loss) for the period | 9904 | €4,813 | -€10,567 | -€15,380 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,813 | -€10,567 | -€15,380 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.