JN LAW: 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 LAW
Largest movements
- Cash +€48,338
up €48,338 (+78.7%), from €61,460 to €109,798
mainly Net result for the year (+€51,814) and Tax, wage and social debts (+€3,521)
- Receivables within one year +€9,079
up €9,079 (+1865.1%), from €487 to €9,566
of which Trade receivables: +€8,560
- Reserves +€51,814
up €51,814 (+98.2%), from €52,745 to €104,559
- Tax, wage and social debts +€3,521
up €3,521 (+1727.2%), from €204 to €3,725
- Other debts +€2,217
up €2,217 (+35.0%), from €6,338 to €8,554
- Gross operating margin +€26,331
up €26,331 (+64.8%), from €40,661 to €66,992
- Taxes +€5,423
up €5,423 (+62.5%), from €8,679 to €14,101
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 | €63,806 | €122,313 | +€58,507 | +91.7% |
| Fixed assets | 21/28 | €1,859 | €2,949 | +€1,090 | +58.6% |
| Tangible fixed assets | 22/27 | €1,859 | €2,949 | +€1,090 | +58.6% |
| Furniture and vehicles | 24 | €127 | €1,841 | +€1,714 | +1350.2% |
| Other tangible fixed assets | 26 | €1,732 | €1,108 | -€624 | -36.0% |
| Current assets | 29/58 | €61,946 | €119,364 | +€57,417 | +92.7% |
| Amounts receivable within one year | 40/41 | €487 | €9,566 | +€9,079 | +1865.1% |
| Trade receivables | 40 | €434 | €8,995 | +€8,560 | +1970.6% |
| Other amounts receivable | 41 | €52 | €571 | +€519 | +990.6% |
| Cash at bank and in hand | 54/58 | €61,460 | €109,798 | +€48,338 | +78.7% |
| Total equity and liabilities | 10/49 | €63,806 | €122,313 | +€58,507 | +91.7% |
| Equity | 10/15 | €53,745 | €105,559 | +€51,814 | +96.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €52,745 | €104,559 | +€51,814 | +98.2% |
| Distributable reserves | 133 | €52,745 | €104,559 | +€51,814 | +98.2% |
| Amounts payable | 17/49 | €10,061 | €16,754 | +€6,693 | +66.5% |
| Amounts payable within one year | 42/48 | €10,061 | €16,754 | +€6,693 | +66.5% |
| Trade debts | 44 | €3,519 | €4,475 | +€956 | +27.2% |
| Suppliers | 440/4 | €3,519 | €4,475 | +€956 | +27.2% |
| Taxes, remuneration and social security | 45 | €204 | €3,725 | +€3,521 | +1727.2% |
| Taxes | 450/3 | €204 | €3,725 | +€3,521 | +1727.2% |
| Other amounts payable | 47/48 | €6,338 | €8,554 | +€2,217 | +35.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €955 | €840 | -€115 | -12.0% |
| Other operating charges | 640/8 | €387 | - | -€387 | |
| Gross operating margin | 9900 | €40,661 | €66,992 | +€26,331 | +64.8% |
| Operating profit (loss) | 9901 | €39,319 | €66,152 | +€26,833 | +68.2% |
| Financial income | 75/76B | - | €16 | +€16 | |
| Recurring financial income | 75 | - | €16 | +€16 | |
| Financial charges | 65/66B | €142 | €252 | +€110 | +77.7% |
| Recurring financial charges | 65 | €142 | €252 | +€110 | +77.7% |
| Profit (loss) for the period before taxes | 9903 | €39,177 | €65,915 | +€26,738 | +68.2% |
| Income taxes | 67/77 | €8,679 | €14,101 | +€5,423 | +62.5% |
| Profit (loss) for the period | 9904 | €30,498 | €51,814 | +€21,315 | +69.9% |
| Profit (loss) for the period to be appropriated | 9905 | €30,498 | €51,814 | +€21,315 | +69.9% |
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 7 October 2026 via checked.be.