JN MED: what changed
JN MED
Largest movements
- Receivables within one year +€261,598
up €261,598 (+3,983%), from €6,567 to €268,166
of which Other amounts receivable: +€167,598
- Cash -€106,797
down €106,797 (-32.9%), from €324,330 to €217,533
mainly Receivables within one year (-€261,598) and Investment in fixed assets (net) (-€56,940)
- Tangible fixed assets +€40,625
up €40,625 (+60.5%), from €67,190 to €107,816
of which Furniture and vehicles: +€41,218
- Deferred charges and accrued income +€20,132
up €20,132 (+39.1%), from €51,479 to €71,611
- Reserves +€110,000
up €110,000 (+40.5%), from €271,860 to €381,860
of which Distributable reserves: +€110,000
- Tax, wage and social debts +€70,089
up €70,089 (+154%), from €45,411 to €115,500
of which Taxes: +€67,566
- Other debts +€38,000
new in 2025: €38,000
- Profit (loss) carried forward +€26,944
up €26,944 (+12.7%), from €212,009 to €238,953
- Current portion of long-term debt -€14,889
down €14,889 (-65.6%), from €22,688 to €7,798
- Gross operating margin +€23,562
up €23,562 (+9.2%), from €254,816 to €278,377
- Taxes +€23,239
up €23,239 (+39.3%), from €59,136 to €82,375
- Depreciation -€3,475
down €3,475 (-17.6%), from €19,790 to €16,315
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €605,361 | €824,464 | +€219,103 | +36.2% |
| Fixed assets | 21/28 | €72,190 | €112,816 | +€40,625 | +56.3% |
| Tangible fixed assets | 22/27 | €67,190 | €107,816 | +€40,625 | +60.5% |
| Land and buildings | 22 | €5,816 | €5,788 | -€27 | -0.5% |
| Furniture and vehicles | 24 | €45,908 | €87,126 | +€41,218 | +89.8% |
| Other tangible fixed assets | 26 | €15,466 | €14,901 | -€565 | -3.7% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €533,171 | €711,648 | +€178,477 | +33.5% |
| Amounts receivable after more than one year | 29 | €150,794 | €154,338 | +€3,544 | +2.4% |
| Other amounts receivable | 291 | €150,794 | €154,338 | +€3,544 | +2.4% |
| Amounts receivable within one year | 40/41 | €6,567 | €268,166 | +€261,598 | +3,983% |
| Trade receivables | 40 | - | €94,000 | +€94,000 | |
| Other amounts receivable | 41 | €6,567 | €174,166 | +€167,598 | +2,552% |
| Cash at bank and in hand | 54/58 | €324,330 | €217,533 | -€106,797 | -32.9% |
| Deferred charges and accrued income | 490/1 | €51,479 | €71,611 | +€20,132 | +39.1% |
| Total equity and liabilities | 10/49 | €605,361 | €824,464 | +€219,103 | +36.2% |
| Equity | 10/15 | €496,369 | €633,313 | +€136,944 | +27.6% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €271,860 | €381,860 | +€110,000 | +40.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €270,000 | €380,000 | +€110,000 | +40.7% |
| Profit (loss) carried forward | 14 | €212,009 | €238,953 | +€26,944 | +12.7% |
| Amounts payable | 17/49 | €108,992 | €191,151 | +€82,159 | +75.4% |
| Amounts payable after more than one year | 17 | €31,189 | €23,390 | -€7,798 | -25.0% |
| Financial debts | 170/4 | €31,189 | €23,390 | -€7,798 | -25.0% |
| Amounts payable within one year | 42/48 | €76,217 | €164,672 | +€88,455 | +116% |
| Current portion of amounts payable after more than one year | 42 | €22,688 | €7,798 | -€14,889 | -65.6% |
| Trade debts | 44 | €8,119 | €3,374 | -€4,745 | -58.4% |
| Suppliers | 440/4 | €8,119 | €3,374 | -€4,745 | -58.4% |
| Taxes, remuneration and social security | 45 | €45,411 | €115,500 | +€70,089 | +154% |
| Taxes | 450/3 | €45,411 | €112,977 | +€67,566 | +149% |
| Remuneration and social security | 454/9 | - | €2,523 | +€2,523 | |
| Other amounts payable | 47/48 | - | €38,000 | +€38,000 | |
| Accrued charges and deferred income | 492/3 | €1,587 | €3,089 | +€1,502 | +94.7% |
| Non-recurring operating income | 76A | €9,037 | - | -€9,037 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,790 | €16,315 | -€3,475 | -17.6% |
| Other operating charges | 640/8 | €11,394 | €10,965 | -€429 | -3.8% |
| Non-recurring operating charges | 66A | €442 | - | -€442 | |
| Gross operating margin | 9900 | €254,816 | €278,377 | +€23,562 | +9.2% |
| Operating profit (loss) | 9901 | €223,191 | €251,098 | +€27,907 | +12.5% |
| Financial income | 75/76B | €10,874 | €10,322 | -€552 | -5.1% |
| Recurring financial income | 75 | €10,874 | €10,322 | -€552 | -5.1% |
| Financial charges | 65/66B | €2,029 | €2,101 | +€72 | +3.6% |
| Recurring financial charges | 65 | €2,029 | €2,101 | +€72 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | €232,035 | €259,319 | +€27,283 | +11.8% |
| Income taxes | 67/77 | €59,136 | €82,375 | +€23,239 | +39.3% |
| Profit (loss) for the period | 9904 | €172,900 | €176,944 | +€4,044 | +2.3% |
| Profit (loss) for the period to be appropriated | 9905 | €172,900 | €176,944 | +€4,044 | +2.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.