JN Projects: 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 Projects
Largest movements
- Cash -€26,154
down €26,154 (-88.5%), from €29,554 to €3,400
mainly Receivables within one year (-€22,567) and Investment in fixed assets (net) (-€11,981)
- Receivables within one year +€22,567
up €22,567 (+19.4%), from €116,434 to €139,001
of which Trade receivables: +€24,519
- Stocks and contracts +€10,118
new in 2023: €10,118
- Trade debts +€11,370
up €11,370 (+67.9%), from €16,756 to €28,126
- Debts after one year -€10,974
down €10,974 (-5.8%), from €190,764 to €179,790
- Short-term financial debts +€10,157
up €10,157 (+13.5%), from €75,000 to €85,157
- Tax, wage and social debts -€6,021
down €6,021 (-64.7%), from €9,302 to €3,280
of which Taxes: -€3,821
- Other debts -€3,680
down €3,680 (-21.8%), from €16,876 to €13,196
- Gross operating margin -€40,705
down €40,705 (-61.1%), from €66,610 to €25,905
- Other operating charges -€2,443
down €2,443 (-60.7%), from €4,023 to €1,581
- Financial charges +€1,365
up €1,365 (+19.2%), from €7,091 to €8,456
- Financial income -€1,281
no longer reported in 2023 (was €1,281)
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €330,322 | €334,161 | +€3,839 | +1.2% |
| Fixed assets | 21/28 | €180,285 | €179,144 | -€1,141 | -0.6% |
| Intangible fixed assets | 21 | €777 | €602 | -€175 | -22.5% |
| Tangible fixed assets | 22/27 | €179,508 | €178,542 | -€966 | -0.5% |
| Land and buildings | 22 | €175,929 | €168,146 | -€7,783 | -4.4% |
| Plant, machinery and equipment | 23 | €2,187 | €549 | -€1,638 | -74.9% |
| Furniture and vehicles | 24 | €1,392 | €9,847 | +€8,455 | +608% |
| Current assets | 29/58 | €150,037 | €155,017 | +€4,980 | +3.3% |
| Stocks and contracts in progress | 3 | - | €10,118 | +€10,118 | |
| Stocks | 30/36 | - | €10,118 | +€10,118 | |
| Amounts receivable within one year | 40/41 | €116,434 | €139,001 | +€22,567 | +19.4% |
| Trade receivables | 40 | €113,986 | €138,505 | +€24,519 | +21.5% |
| Other amounts receivable | 41 | €2,448 | €497 | -€1,952 | -79.7% |
| Cash at bank and in hand | 54/58 | €29,554 | €3,400 | -€26,154 | -88.5% |
| Deferred charges and accrued income | 490/1 | €4,049 | €2,497 | -€1,552 | -38.3% |
| Total equity and liabilities | 10/49 | €330,322 | €334,161 | +€3,839 | +1.2% |
| Equity | 10/15 | €10,868 | €13,637 | +€2,769 | +25.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,567 | €1,567 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,567 | €1,567 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,567 | €1,567 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,299 | -€6,529 | +€2,769 | +29.8% |
| Amounts payable | 17/49 | €319,454 | €320,523 | +€1,069 | +0.3% |
| Amounts payable after more than one year | 17 | €190,764 | €179,790 | -€10,974 | -5.8% |
| Financial debts | 170/4 | €190,764 | €179,790 | -€10,974 | -5.8% |
| Amounts payable within one year | 42/48 | €128,690 | €140,733 | +€12,043 | +9.4% |
| Current portion of amounts payable after more than one year | 42 | €10,757 | €10,974 | +€217 | +2.0% |
| Financial debts | 43 | €75,000 | €85,157 | +€10,157 | +13.5% |
| Credit institutions | 430/8 | €75,000 | €85,157 | +€10,157 | +13.5% |
| Trade debts | 44 | €16,756 | €28,126 | +€11,370 | +67.9% |
| Suppliers | 440/4 | €16,756 | €28,126 | +€11,370 | +67.9% |
| Taxes, remuneration and social security | 45 | €9,302 | €3,280 | -€6,021 | -64.7% |
| Taxes | 450/3 | €7,102 | €3,280 | -€3,821 | -53.8% |
| Remuneration and social security | 454/9 | €2,200 | - | -€2,200 | |
| Other amounts payable | 47/48 | €16,876 | €13,196 | -€3,680 | -21.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,806 | €13,122 | +€316 | +2.5% |
| Other operating charges | 640/8 | €4,023 | €1,581 | -€2,443 | -60.7% |
| Gross operating margin | 9900 | €66,610 | €25,905 | -€40,705 | -61.1% |
| Operating profit (loss) | 9901 | €49,781 | €11,202 | -€38,579 | -77.5% |
| Financial income | 75/76B | €1,281 | - | -€1,281 | |
| Recurring financial income | 75 | €1,281 | - | -€1,281 | |
| Financial charges | 65/66B | €7,091 | €8,456 | +€1,365 | +19.2% |
| Recurring financial charges | 65 | €7,091 | €8,456 | +€1,365 | +19.2% |
| Profit (loss) for the period before taxes | 9903 | €43,970 | €2,745 | -€41,225 | -93.8% |
| Income taxes | 67/77 | €146 | -€24 | -€170 | |
| Profit (loss) for the period | 9904 | €43,824 | €2,769 | -€41,055 | -93.7% |
| Profit (loss) for the period to be appropriated | 9905 | €43,824 | €2,769 | -€41,055 | -93.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.