JN-RD: 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-RD
Largest movements
- Cash -€14,665
down €14,665 (-17.8%), from €82,322 to €67,657
mainly Tax, wage and social debts (-€7,461) and Trade debts (-€5,338)
- Tax, wage and social debts -€7,461
no longer reported in 2025 (was €7,461)
- Trade debts -€5,338
down €5,338 (-95.8%), from €5,572 to €234
- Other debts -€1,072
down €1,072 (-76.6%), from €1,399 to €327
- Gross operating margin -€31,431
down €31,431, from €30,778 to -€653
- Taxes -€9,494
down €9,494, from €9,005 to -€489
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 | €82,499 | €67,834 | -€14,665 | -17.8% |
| Current assets | 29/58 | €82,499 | €67,834 | -€14,665 | -17.8% |
| Amounts receivable within one year | 40/41 | €177 | €177 | = | 0.0% |
| Trade receivables | 40 | €177 | €177 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €82,322 | €67,657 | -€14,665 | -17.8% |
| Total equity and liabilities | 10/49 | €82,499 | €67,834 | -€14,665 | -17.8% |
| Equity | 10/15 | €68,067 | €67,273 | -€794 | -1.2% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,067 | €27,273 | -€794 | -2.8% |
| Amounts payable | 17/49 | €14,432 | €561 | -€13,871 | -96.1% |
| Amounts payable within one year | 42/48 | €14,432 | €561 | -€13,871 | -96.1% |
| Trade debts | 44 | €5,572 | €234 | -€5,338 | -95.8% |
| Suppliers | 440/4 | €5,572 | €234 | -€5,338 | -95.8% |
| Taxes, remuneration and social security | 45 | €7,461 | - | -€7,461 | |
| Taxes | 450/3 | €7,461 | - | -€7,461 | |
| Other amounts payable | 47/48 | €1,399 | €327 | -€1,072 | -76.6% |
| Other operating charges | 640/8 | €387 | €465 | +€78 | +20.2% |
| Gross operating margin | 9900 | €30,778 | -€653 | -€31,431 | |
| Operating profit (loss) | 9901 | €30,391 | -€1,118 | -€31,509 | |
| Financial charges | 65/66B | €149 | €166 | +€17 | +11.4% |
| Recurring financial charges | 65 | €149 | €166 | +€17 | +11.4% |
| Profit (loss) for the period before taxes | 9903 | €30,242 | -€1,284 | -€31,526 | |
| Income taxes | 67/77 | €9,005 | -€489 | -€9,494 | |
| Profit (loss) for the period | 9904 | €21,237 | -€795 | -€22,032 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,237 | -€795 | -€22,032 |
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 9 October 2026 via checked.be.