JN C&S: 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 C&S
Largest movements
- Cash -€178,270
down €178,270 (-76.4%), from €233,363 to €55,092
mainly Contributions, distributions and other (-€785,000) and Tax, wage and social debts (-€31,731)
- Receivables after one year -€100,000
down €100,000 (-100.0%), from €100,000 to €0
- Deferred charges and accrued income -€4,851
down €4,851 (-79.7%), from €6,089 to €1,238
- Profit (loss) carried forward -€251,537
down €251,537 (-82.2%), from €306,029 to €54,492
- Tax, wage and social debts -€31,731
down €31,731 (-59.9%), from €52,989 to €21,258
- Gross operating margin +€537,845
up €537,845 (+320.7%), from €167,731 to €705,576
- Taxes +€135,379
up €135,379 (+363.7%), from €37,223 to €172,602
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 | €368,004 | €83,888 | -€284,116 | -77.2% |
| Fixed assets | 21/28 | €3,344 | €1,781 | -€1,562 | -46.7% |
| Tangible fixed assets | 22/27 | €3,344 | €1,781 | -€1,562 | -46.7% |
| Furniture and vehicles | 24 | €1,112 | €1,781 | +€669 | +60.1% |
| Leasing and similar rights | 25 | €2,231 | €0 | -€2,231 | -100.0% |
| Current assets | 29/58 | €364,660 | €82,107 | -€282,553 | -77.5% |
| Amounts receivable after more than one year | 29 | €100,000 | €0 | -€100,000 | -100.0% |
| Other amounts receivable | 291 | €100,000 | €0 | -€100,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €25,208 | €25,777 | +€568 | +2.3% |
| Trade receivables | 40 | €25,208 | €25,777 | +€568 | +2.3% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €233,363 | €55,092 | -€178,270 | -76.4% |
| Deferred charges and accrued income | 490/1 | €6,089 | €1,238 | -€4,851 | -79.7% |
| Total equity and liabilities | 10/49 | €368,004 | €83,888 | -€284,116 | -77.2% |
| Equity | 10/15 | €311,029 | €59,492 | -€251,537 | -80.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €306,029 | €54,492 | -€251,537 | -82.2% |
| Amounts payable | 17/49 | €56,975 | €24,396 | -€32,579 | -57.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €55,987 | €23,151 | -€32,837 | -58.6% |
| Current portion of amounts payable after more than one year | 42 | €2,288 | €0 | -€2,288 | -100.0% |
| Trade debts | 44 | €513 | €1,187 | +€674 | +131.4% |
| Suppliers | 440/4 | €513 | €1,187 | +€674 | +131.4% |
| Taxes, remuneration and social security | 45 | €52,989 | €21,258 | -€31,731 | -59.9% |
| Taxes | 450/3 | €52,989 | €21,258 | -€31,731 | -59.9% |
| Other amounts payable | 47/48 | €198 | €706 | +€508 | +256.8% |
| Accrued charges and deferred income | 492/3 | €988 | €1,245 | +€258 | +26.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,600 | €3,206 | -€6,394 | -66.6% |
| Other operating charges | 640/8 | €1,469 | €761 | -€709 | -48.2% |
| Gross operating margin | 9900 | €167,731 | €705,576 | +€537,845 | +320.7% |
| Operating profit (loss) | 9901 | €156,662 | €701,609 | +€544,948 | +347.9% |
| Financial income | 75/76B | €9,886 | €4,534 | -€5,352 | -54.1% |
| Recurring financial income | 75 | €9,886 | €4,534 | -€5,352 | -54.1% |
| Financial charges | 65/66B | €175 | €78 | -€97 | -55.4% |
| Recurring financial charges | 65 | €175 | €78 | -€97 | -55.4% |
| Profit (loss) for the period before taxes | 9903 | €166,372 | €706,065 | +€539,693 | +324.4% |
| Income taxes | 67/77 | €37,223 | €172,602 | +€135,379 | +363.7% |
| Profit (loss) for the period | 9904 | €129,149 | €533,463 | +€404,314 | +313.1% |
| Profit (loss) for the period to be appropriated | 9905 | €129,149 | €533,463 | +€404,314 | +313.1% |
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.