JN: 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.
JN
Largest movements
- Current investments +€200,000
up €200,000 (+100.0%), from €200,000 to €400,000
- Receivables within one year -€71,971
down €71,971 (-62.7%), from €114,710 to €42,739
- Reserves +€100,000
new in 2025: €100,000
- Profit (loss) carried forward +€17,103
up €17,103 (+5.1%), from €336,176 to €353,279
- Tax, wage and social debts +€7,792
up €7,792 (+9.8%), from €79,845 to €87,637
- Gross operating margin -€46,930
down €46,930 (-24.3%), from €193,307 to €146,377
- Taxes -€10,831
down €10,831 (-25.1%), from €43,199 to €32,368
- Financial income +€4,062
new in 2025: €4,062
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 | €418,379 | €542,916 | +€124,537 | +29.8% |
| Fixed assets | 21/28 | €1,434 | €938 | -€496 | -34.6% |
| Tangible fixed assets | 22/27 | €1,434 | €938 | -€496 | -34.6% |
| Furniture and vehicles | 24 | €1,434 | €938 | -€496 | -34.6% |
| Current assets | 29/58 | €416,945 | €541,978 | +€125,032 | +30.0% |
| Amounts receivable within one year | 40/41 | €114,710 | €42,739 | -€71,971 | -62.7% |
| Trade receivables | 40 | €114,710 | €42,739 | -€71,971 | -62.7% |
| Current investments | 50/53 | €200,000 | €400,000 | +€200,000 | +100.0% |
| Cash at bank and in hand | 54/58 | €101,877 | €99,238 | -€2,639 | -2.6% |
| Deferred charges and accrued income | 490/1 | €358 | - | -€358 | |
| Total equity and liabilities | 10/49 | €418,379 | €542,916 | +€124,537 | +29.8% |
| Equity | 10/15 | €338,176 | €455,279 | +€117,103 | +34.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €100,000 | +€100,000 | |
| Distributable reserves | 133 | - | €100,000 | +€100,000 | |
| Profit (loss) carried forward | 14 | €336,176 | €353,279 | +€17,103 | +5.1% |
| Amounts payable | 17/49 | €80,203 | €87,637 | +€7,434 | +9.3% |
| Amounts payable within one year | 42/48 | €80,203 | €87,637 | +€7,434 | +9.3% |
| Trade debts | 44 | €358 | - | -€358 | |
| Suppliers | 440/4 | €358 | - | -€358 | |
| Taxes, remuneration and social security | 45 | €79,845 | €87,637 | +€7,792 | +9.8% |
| Taxes | 450/3 | €79,845 | €87,637 | +€7,792 | +9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53 | €496 | +€443 | +838.4% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €193,307 | €146,377 | -€46,930 | -24.3% |
| Operating profit (loss) | 9901 | €192,867 | €145,482 | -€47,385 | -24.6% |
| Financial income | 75/76B | - | €4,062 | +€4,062 | |
| Recurring financial income | 75 | - | €4,062 | +€4,062 | |
| Financial charges | 65/66B | €72 | €73 | +€2 | +2.4% |
| Recurring financial charges | 65 | €72 | €73 | +€2 | +2.4% |
| Profit (loss) for the period before taxes | 9903 | €192,795 | €149,471 | -€43,325 | -22.5% |
| Income taxes | 67/77 | €43,199 | €32,368 | -€10,831 | -25.1% |
| Profit (loss) for the period | 9904 | €149,597 | €117,103 | -€32,494 | -21.7% |
| Profit (loss) for the period to be appropriated | 9905 | €149,597 | €117,103 | -€32,494 | -21.7% |
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 30 September 2026 via checked.be.