J.N.D.: 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.D.
Largest movements
- Tangible fixed assets -€2,503
down €2,503 (-55.1%), from €4,546 to €2,043
of which Furniture and vehicles: -€2,057
- Receivables within one year +€1,045
up €1,045 (+294.4%), from €355 to €1,400
- Cash +€974
up €974 (+97.4%), from €999 to €1,973
mainly Net result for the year (+€19,641) and Tax, wage and social debts (+€5,947)
- Stocks and contracts -€424
down €424 (-5.4%), from €7,801 to €7,378
- Profit (loss) carried forward +€19,641
up €19,641 (+36.5%), from -€53,786 to -€34,145
- Other debts -€19,317
down €19,317 (-46.5%), from €41,558 to €22,241
- Tax, wage and social debts +€5,947
up €5,947 (+1444.0%), from €412 to €6,359
- Current portion of long-term debt -€5,251
down €5,251 (-63.8%), from €8,235 to €2,984
- Trade debts -€1,500
down €1,500 (-70.0%), from €2,143 to €644
- Gross operating margin +€14,154
up €14,154 (+72.9%), from €19,419 to €33,572
- Taxes +€5,881
new in 2025: €5,881
- Depreciation -€1,129
down €1,129 (-21.2%), from €5,327 to €4,197
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 | €17,584 | €16,676 | -€908 | -5.2% |
| Fixed assets | 21/28 | €8,428 | €5,925 | -€2,503 | -29.7% |
| Tangible fixed assets | 22/27 | €4,546 | €2,043 | -€2,503 | -55.1% |
| Furniture and vehicles | 24 | €3,654 | €1,597 | -€2,057 | -56.3% |
| Other tangible fixed assets | 26 | €892 | €446 | -€446 | -50.0% |
| Financial fixed assets | 28 | €3,882 | €3,882 | = | 0.0% |
| Current assets | 29/58 | €9,156 | €10,751 | +€1,595 | +17.4% |
| Stocks and contracts in progress | 3 | €7,801 | €7,378 | -€424 | -5.4% |
| Stocks | 30/36 | €7,801 | €7,378 | -€424 | -5.4% |
| Amounts receivable within one year | 40/41 | €355 | €1,400 | +€1,045 | +294.4% |
| Trade receivables | 40 | €355 | €1,400 | +€1,045 | +294.4% |
| Cash at bank and in hand | 54/58 | €999 | €1,973 | +€974 | +97.4% |
| Total equity and liabilities | 10/49 | €17,584 | €16,676 | -€908 | -5.2% |
| Equity | 10/15 | -€35,194 | -€15,553 | +€19,641 | +55.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Outside capital | 11 | €18,592 | - | -€18,592 | |
| Other | 1109/19 | €18,592 | - | -€18,592 | |
| Profit (loss) carried forward | 14 | -€53,786 | -€34,145 | +€19,641 | +36.5% |
| Amounts payable | 17/49 | €52,778 | €32,228 | -€20,549 | -38.9% |
| Amounts payable within one year | 42/48 | €52,348 | €32,228 | -€20,120 | -38.4% |
| Current portion of amounts payable after more than one year | 42 | €8,235 | €2,984 | -€5,251 | -63.8% |
| Trade debts | 44 | €2,143 | €644 | -€1,500 | -70.0% |
| Suppliers | 440/4 | €2,143 | €644 | -€1,500 | -70.0% |
| Taxes, remuneration and social security | 45 | €412 | €6,359 | +€5,947 | +1444.0% |
| Taxes | 450/3 | €412 | €6,359 | +€5,947 | +1444.0% |
| Other amounts payable | 47/48 | €41,558 | €22,241 | -€19,317 | -46.5% |
| Accrued charges and deferred income | 492/3 | €430 | - | -€430 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,327 | €4,197 | -€1,129 | -21.2% |
| Other operating charges | 640/8 | €2,871 | €3,009 | +€139 | +4.8% |
| Gross operating margin | 9900 | €19,419 | €33,572 | +€14,154 | +72.9% |
| Operating profit (loss) | 9901 | €11,221 | €26,366 | +€15,144 | +135.0% |
| Financial income | 75/76B | €4 | €0 | -€3 | -91.5% |
| Recurring financial income | 75 | €4 | €0 | -€3 | -91.5% |
| Financial charges | 65/66B | €1,144 | €844 | -€300 | -26.2% |
| Recurring financial charges | 65 | €1,144 | €844 | -€300 | -26.2% |
| Profit (loss) for the period before taxes | 9903 | €10,081 | €25,522 | +€15,441 | +153.2% |
| Income taxes | 67/77 | - | €5,881 | +€5,881 | |
| Profit (loss) for the period | 9904 | €10,081 | €19,641 | +€9,560 | +94.8% |
| Profit (loss) for the period to be appropriated | 9905 | €10,081 | €19,641 | +€9,560 | +94.8% |
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 4 October 2026 via checked.be.