JN PELLETS & Cie: what changed
Two financial 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 PELLETS & Cie
Largest movements
- Cash +€43,679
up €43,679 (+32.3%), from €135,065 to €178,744
mainly Net result for the year (+€64,502) and Trade debts (+€18,489)
- Tangible fixed assets +€21,666
new in 2025: €21,666
- Stocks and contracts +€12,295
up €12,295 (+16.4%), from €74,895 to €87,190
- Receivables within one year +€9,778
up €9,778 (+41.9%), from €23,361 to €33,138
of which Other amounts receivable: +€14,271
- Profit (loss) carried forward +€64,502
up €64,502 (+67.4%), from €95,726 to €160,228
- Trade debts +€18,489
up €18,489 (+31.4%), from €58,878 to €77,367
of which Suppliers: +€34,845
- Other debts +€9,654
up €9,654 (+26.2%), from €36,798 to €46,451
- Tax, wage and social debts -€8,173
down €8,173 (-20.9%), from €39,177 to €31,004
of which Remuneration and social security: -€8,000
- Current portion of long-term debt +€3,333
new in 2025: €3,333
- Gross operating margin -€41,753
down €41,753 (-32.0%), from €130,457 to €88,704
- Taxes -€15,783
down €15,783 (-49.5%), from €31,909 to €16,125
- Depreciation +€5,187
new in 2025: €5,187
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.
Derived cash bridge
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 | €233,578 | €321,384 | +€87,806 | +37.6% |
| Fixed assets | 21/28 | - | €21,666 | +€21,666 | |
| Tangible fixed assets | 22/27 | - | €21,666 | +€21,666 | |
| Furniture and vehicles | 24 | - | €21,666 | +€21,666 | |
| Current assets | 29/58 | €233,578 | €299,717 | +€66,139 | +28.3% |
| Stocks and contracts in progress | 3 | €74,895 | €87,190 | +€12,295 | +16.4% |
| Stocks | 30/36 | €74,895 | €87,190 | +€12,295 | +16.4% |
| Amounts receivable within one year | 40/41 | €23,361 | €33,138 | +€9,778 | +41.9% |
| Trade receivables | 40 | €23,279 | €18,785 | -€4,493 | -19.3% |
| Other amounts receivable | 41 | €82 | €14,353 | +€14,271 | +17,387% |
| Cash at bank and in hand | 54/58 | €135,065 | €178,744 | +€43,679 | +32.3% |
| Deferred charges and accrued income | 490/1 | €257 | €645 | +€387 | +151% |
| Total equity and liabilities | 10/49 | €233,578 | €321,384 | +€87,806 | +37.6% |
| Equity | 10/15 | €98,726 | €163,228 | +€64,502 | +65.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €95,726 | €160,228 | +€64,502 | +67.4% |
| Amounts payable | 17/49 | €134,852 | €158,156 | +€23,304 | +17.3% |
| Amounts payable within one year | 42/48 | €134,852 | €158,156 | +€23,304 | +17.3% |
| Current portion of amounts payable after more than one year | 42 | - | €3,333 | +€3,333 | |
| Trade debts | 44 | €58,878 | €77,367 | +€18,489 | +31.4% |
| Suppliers | 440/4 | €42,522 | €77,367 | +€34,845 | +81.9% |
| Bills of exchange payable | 441 | €16,356 | €0 | -€16,356 | -100% |
| Taxes, remuneration and social security | 45 | €39,177 | €31,004 | -€8,173 | -20.9% |
| Taxes | 450/3 | €31,177 | €31,004 | -€173 | -0.6% |
| Remuneration and social security | 454/9 | €8,000 | €0 | -€8,000 | -100% |
| Other amounts payable | 47/48 | €36,798 | €46,451 | +€9,654 | +26.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €5,187 | +€5,187 | |
| Other operating charges | 640/8 | €1,467 | €711 | -€756 | -51.5% |
| Gross operating margin | 9900 | €130,457 | €88,704 | -€41,753 | -32.0% |
| Operating profit (loss) | 9901 | €128,990 | €82,806 | -€46,184 | -35.8% |
| Financial income | 75/76B | - | €104 | +€104 | |
| Recurring financial income | 75 | - | €104 | +€104 | |
| Financial charges | 65/66B | €1,356 | €2,283 | +€927 | +68.3% |
| Recurring financial charges | 65 | €1,356 | €2,283 | +€927 | +68.3% |
| Profit (loss) for the period before taxes | 9903 | €127,634 | €80,627 | -€47,007 | -36.8% |
| Income taxes | 67/77 | €31,909 | €16,125 | -€15,783 | -49.5% |
| Profit (loss) for the period | 9904 | €95,726 | €64,502 | -€31,224 | -32.6% |
| Profit (loss) for the period to be appropriated | 9905 | €95,726 | €64,502 | -€31,224 | -32.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.