JN Works: 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 Works
Largest movements
- Cash -€26,568
down €26,568 (-46.6%), from €56,959 to €30,391
mainly Investment in fixed assets (net) (-€29,799) and Debts after one year (-€12,206)
- Tangible fixed assets +€16,573
up €16,573 (+28.2%), from €58,779 to €75,352
of which Land and buildings: +€17,377
- Receivables within one year +€3,016
up €3,016 (+28.9%), from €10,419 to €13,435
of which Other amounts receivable: +€7,396
- Debts after one year -€12,206
down €12,206 (-9.6%), from €127,801 to €115,596
- Profit (loss) carried forward +€3,639
up €3,639 (+8.5%), from -€43,013 to -€39,373
- Trade debts +€3,214
new in 2025: €3,214
- Gross operating margin -€13,140
down €13,140 (-35.5%), from €37,001 to €23,861
- Depreciation +€1,217
up €1,217 (+10.0%), from €12,209 to €13,427
- Other operating charges +€620
up €620 (+32.6%), from €1,903 to €2,523
- Financial charges -€450
down €450 (-9.6%), from €4,692 to €4,243
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 | €129,430 | €122,499 | -€6,931 | -5.4% |
| Fixed assets | 21/28 | €58,980 | €75,352 | +€16,372 | +27.8% |
| Tangible fixed assets | 22/27 | €58,779 | €75,352 | +€16,573 | +28.2% |
| Land and buildings | 22 | €56,850 | €74,227 | +€17,377 | +30.6% |
| Plant, machinery and equipment | 23 | €1,397 | €1,126 | -€271 | -19.4% |
| Furniture and vehicles | 24 | €532 | - | -€532 | |
| Financial fixed assets | 28 | €201 | - | -€201 | |
| Current assets | 29/58 | €70,450 | €47,146 | -€23,303 | -33.1% |
| Stocks and contracts in progress | 3 | €2,260 | €2,260 | = | 0.0% |
| Stocks | 30/36 | €2,260 | €2,260 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €10,419 | €13,435 | +€3,016 | +28.9% |
| Trade receivables | 40 | €8,008 | €3,628 | -€4,380 | -54.7% |
| Other amounts receivable | 41 | €2,411 | €9,807 | +€7,396 | +307% |
| Cash at bank and in hand | 54/58 | €56,959 | €30,391 | -€26,568 | -46.6% |
| Deferred charges and accrued income | 490/1 | €811 | €1,060 | +€248 | +30.6% |
| Total equity and liabilities | 10/49 | €129,430 | €122,499 | -€6,931 | -5.4% |
| Equity | 10/15 | -€13,465 | -€9,825 | +€3,639 | +27.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €10,948 | €10,948 | = | 0.0% |
| 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 | €9,088 | €9,088 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,013 | -€39,373 | +€3,639 | +8.5% |
| Amounts payable | 17/49 | €142,894 | €132,324 | -€10,570 | -7.4% |
| Amounts payable after more than one year | 17 | €127,801 | €115,596 | -€12,206 | -9.6% |
| Financial debts | 170/4 | €127,801 | €115,596 | -€12,206 | -9.6% |
| Amounts payable within one year | 42/48 | €15,093 | €16,728 | +€1,635 | +10.8% |
| Current portion of amounts payable after more than one year | 42 | €13,541 | €12,862 | -€678 | -5.0% |
| Trade debts | 44 | - | €3,214 | +€3,214 | |
| Suppliers | 440/4 | - | €3,214 | +€3,214 | |
| Taxes, remuneration and social security | 45 | €598 | €652 | +€55 | +9.1% |
| Taxes | 450/3 | €598 | €652 | +€55 | +9.1% |
| Other amounts payable | 47/48 | €955 | - | -€955 | |
| Non-recurring operating income | 76A | - | €30 | +€30 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,209 | €13,427 | +€1,217 | +10.0% |
| Other operating charges | 640/8 | €1,903 | €2,523 | +€620 | +32.6% |
| Non-recurring operating charges | 66A | - | €201 | +€201 | |
| Gross operating margin | 9900 | €37,001 | €23,861 | -€13,140 | -35.5% |
| Operating profit (loss) | 9901 | €22,888 | €7,710 | -€15,178 | -66.3% |
| Financial income | 75/76B | €309 | €507 | +€198 | +64.2% |
| Recurring financial income | 75 | €309 | €507 | +€198 | +64.2% |
| Financial charges | 65/66B | €4,692 | €4,243 | -€450 | -9.6% |
| Recurring financial charges | 65 | €4,692 | €4,243 | -€450 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | €18,504 | €3,974 | -€14,530 | -78.5% |
| Income taxes | 67/77 | €326 | €335 | +€8 | +2.6% |
| Profit (loss) for the period | 9904 | €18,178 | €3,639 | -€14,539 | -80.0% |
| Profit (loss) for the period to be appropriated | 9905 | €18,178 | €3,639 | -€14,539 | -80.0% |
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 21 October 2026 via checked.be.