JNBW: 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.
JNBW
Largest movements
- Financial fixed assets +€100,000
up €100,000 (+25.6%), from €390,653 to €490,653
- Receivables within one year -€25,218
down €25,218 (-43.6%), from €57,815 to €32,596
- Deferred charges and accrued income -€22,419
down €22,419 (-100%), from €22,419 to €0
- Cash +€15,954
up €15,954 (+51,698%), from €31 to €15,985
mainly Other debts (+€195,643) and Receivables within one year (+€25,218)
- Tangible fixed assets +€11,553
new in 2025: €11,553
- Other debts +€195,643
up €195,643 (+232%), from €84,500 to €280,143
- Debts after one year -€112,318
down €112,318 (-54.5%), from €206,016 to €93,698
- Trade debts -€25,146
down €25,146 (-98.1%), from €25,645 to €498
- Profit (loss) carried forward +€20,103
up €20,103 (+42.8%), from €46,934 to €67,037
- Gross operating margin +€18,032
up €18,032 (+133%), from €13,570 to €31,602
- Taxes +€3,140
up €3,140 (+148%), from €2,125 to €5,266
- Financial income -€1,298
down €1,298 (-42.2%), from €3,073 to €1,775
- Depreciation +€1,187
new in 2025: €1,187
- Financial charges +€653
up €653 (+11.6%), from €5,633 to €6,286
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 | €470,918 | €550,786 | +€79,869 | +17.0% |
| Fixed assets | 21/28 | €390,653 | €502,205 | +€111,553 | +28.6% |
| Tangible fixed assets | 22/27 | - | €11,553 | +€11,553 | |
| Furniture and vehicles | 24 | - | €11,553 | +€11,553 | |
| Financial fixed assets | 28 | €390,653 | €490,653 | +€100,000 | +25.6% |
| Current assets | 29/58 | €80,265 | €48,581 | -€31,684 | -39.5% |
| Amounts receivable within one year | 40/41 | €57,815 | €32,596 | -€25,218 | -43.6% |
| Other amounts receivable | 41 | €57,815 | €32,596 | -€25,218 | -43.6% |
| Cash at bank and in hand | 54/58 | €31 | €15,985 | +€15,954 | +51,698% |
| Deferred charges and accrued income | 490/1 | €22,419 | €0 | -€22,419 | -100% |
| Total equity and liabilities | 10/49 | €470,918 | €550,786 | +€79,869 | +17.0% |
| Equity | 10/15 | €96,934 | €117,037 | +€20,103 | +20.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,934 | €67,037 | +€20,103 | +42.8% |
| Amounts payable | 17/49 | €373,983 | €433,749 | +€59,766 | +16.0% |
| Amounts payable after more than one year | 17 | €206,016 | €93,698 | -€112,318 | -54.5% |
| Financial debts | 170/4 | €206,016 | €93,698 | -€112,318 | -54.5% |
| Amounts payable within one year | 42/48 | €167,967 | €340,051 | +€172,084 | +102% |
| Current portion of amounts payable after more than one year | 42 | €34,003 | €34,971 | +€968 | +2.8% |
| Trade debts | 44 | €25,645 | €498 | -€25,146 | -98.1% |
| Suppliers | 440/4 | €25,645 | €498 | -€25,146 | -98.1% |
| Taxes, remuneration and social security | 45 | €23,819 | €24,439 | +€620 | +2.6% |
| Taxes | 450/3 | €23,819 | €21,947 | -€1,872 | -7.9% |
| Remuneration and social security | 454/9 | - | €2,492 | +€2,492 | |
| Other amounts payable | 47/48 | €84,500 | €280,143 | +€195,643 | +232% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,187 | +€1,187 | |
| Other operating charges | 640/8 | €384 | €536 | +€152 | +39.4% |
| Gross operating margin | 9900 | €13,570 | €31,602 | +€18,032 | +133% |
| Operating profit (loss) | 9901 | €13,186 | €29,879 | +€16,694 | +127% |
| Financial income | 75/76B | €3,073 | €1,775 | -€1,298 | -42.2% |
| Recurring financial income | 75 | €3,073 | €1,775 | -€1,298 | -42.2% |
| Financial charges | 65/66B | €5,633 | €6,286 | +€653 | +11.6% |
| Recurring financial charges | 65 | €5,633 | €6,286 | +€653 | +11.6% |
| Profit (loss) for the period before taxes | 9903 | €10,626 | €25,368 | +€14,742 | +139% |
| Income taxes | 67/77 | €2,125 | €5,266 | +€3,140 | +148% |
| Profit (loss) for the period | 9904 | €8,501 | €20,103 | +€11,602 | +136% |
| Profit (loss) for the period to be appropriated | 9905 | €8,501 | €20,103 | +€11,602 | +136% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.