JNC ENGINEERING: what changed
What changed
JNC ENGINEERING
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
€6,236
2024 · €20,851-€14,615
Equity
€104,587
2024 · €109,840-€5,253
Cash
€11,011
2024 · €38,205-€27,194
Balance sheet total
€472,872
2024 · €436,477+€36,396
Largest movements
Assets
- Receivables within one year +€63,000
up €63,000 (+86.3%), from €73,023 to €136,024
of which Trade receivables: +€54,617
- Cash -€27,194
down €27,194 (-71.2%), from €38,205 to €11,011
mainly Receivables within one year (-€63,000) and Investment in fixed assets (net) (-€48,839)
Equity and liabilities
- Trade debts +€41,971
up €41,971 (+180%), from €23,311 to €65,281
- Other debts +€11,285
up €11,285 (+3,706%), from €305 to €11,590
- Current portion of long-term debt +€9,324
up €9,324 (+23.4%), from €39,886 to €49,210
- Tax, wage and social debts -€9,041
down €9,041 (-29.7%), from €30,471 to €21,429
of which Remuneration and social security: -€8,542
- Debts after one year -€8,733
down €8,733 (-3.9%), from €226,491 to €217,758
Income statement
- Gross operating margin -€48,347
down €48,347 (-21.1%), from €228,878 to €180,531
- Staff costs -€33,170
down €33,170 (-24.2%), from €137,307 to €104,137
- Taxes -€5,269
down €5,269 (-48.8%), from €10,800 to €5,531
- Depreciation +€5,057
up €5,057 (+10.7%), from €47,293 to €52,351
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€20,851
Gross operating margin
-€48,347
Staff costs
+€33,170
Depreciation
-€5,057
Other operating charges
-€182
Financial income
-€55
Financial charges
+€587
Taxes
+€5,269
Result 2025
€6,236
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€35,804
Investment
-€48,839
Financing
-€14,159
Cash 2024
€38,205
From operations (derived)
+€35,804
Net result for the year
+€6,236
Depreciation
+€52,351
Receivables within one year
-€63,000
Deferred charges and accrued income
-€4,100
Trade debts
+€41,971
Tax, wage and social debts
-€9,041
Other debts
+€11,285
Accrued charges and deferred income
+€104
Investment (derived)
-€48,839
Investment in fixed assets (net)
-€48,839
Financing
-€14,159
Debts after one year
-€8,733
Current portion of long-term debt
+€9,324
Short-term financial debts
-€3,261
Contributions, distributions and other
-€11,489
Cash 2025
€11,011
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €436,477 | €472,872 | +€36,396 | +8.3% |
| Fixed assets | 21/28 | €317,315 | €313,804 | -€3,511 | -1.1% |
| Intangible fixed assets | 21 | €181 | €0 | -€181 | -100% |
| Tangible fixed assets | 22/27 | €317,134 | €313,804 | -€3,330 | -1.1% |
| Land and buildings | 22 | €211,271 | €198,544 | -€12,727 | -6.0% |
| Plant, machinery and equipment | 23 | €10,179 | €6,629 | -€3,550 | -34.9% |
| Furniture and vehicles | 24 | €95,685 | €108,630 | +€12,946 | +13.5% |
| Current assets | 29/58 | €119,162 | €159,069 | +€39,907 | +33.5% |
| Amounts receivable within one year | 40/41 | €73,023 | €136,024 | +€63,000 | +86.3% |
| Trade receivables | 40 | €55,401 | €110,018 | +€54,617 | +98.6% |
| Other amounts receivable | 41 | €17,622 | €26,006 | +€8,384 | +47.6% |
| Cash at bank and in hand | 54/58 | €38,205 | €11,011 | -€27,194 | -71.2% |
| Deferred charges and accrued income | 490/1 | €7,933 | €12,034 | +€4,100 | +51.7% |
| Total equity and liabilities | 10/49 | €436,477 | €472,872 | +€36,396 | +8.3% |
| Equity | 10/15 | €109,840 | €104,587 | -€5,253 | -4.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €103,640 | €98,387 | -€5,253 | -5.1% |
| Distributable reserves | 133 | €103,640 | €98,387 | -€5,253 | -5.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €326,637 | €368,286 | +€41,649 | +12.8% |
| Amounts payable after more than one year | 17 | €226,491 | €217,758 | -€8,733 | -3.9% |
| Financial debts | 170/4 | €226,491 | €217,758 | -€8,733 | -3.9% |
| Amounts payable within one year | 42/48 | €99,636 | €149,914 | +€50,278 | +50.5% |
| Current portion of amounts payable after more than one year | 42 | €39,886 | €49,210 | +€9,324 | +23.4% |
| Financial debts | 43 | €5,664 | €2,403 | -€3,261 | -57.6% |
| Credit institutions | 430/8 | €5,664 | €2,403 | -€3,261 | -57.6% |
| Trade debts | 44 | €23,311 | €65,281 | +€41,971 | +180% |
| Suppliers | 440/4 | €23,311 | €65,281 | +€41,971 | +180% |
| Taxes, remuneration and social security | 45 | €30,471 | €21,429 | -€9,041 | -29.7% |
| Taxes | 450/3 | €11,757 | €11,258 | -€499 | -4.2% |
| Remuneration and social security | 454/9 | €18,714 | €10,172 | -€8,542 | -45.6% |
| Other amounts payable | 47/48 | €305 | €11,590 | +€11,285 | +3,706% |
| Accrued charges and deferred income | 492/3 | €510 | €614 | +€104 | +20.4% |
| Remuneration, social security and pensions | 62 | €137,307 | €104,137 | -€33,170 | -24.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,293 | €52,351 | +€5,057 | +10.7% |
| Other operating charges | 640/8 | €3,163 | €3,346 | +€182 | +5.8% |
| Gross operating margin | 9900 | €228,878 | €180,531 | -€48,347 | -21.1% |
| Operating profit (loss) | 9901 | €41,114 | €20,697 | -€20,417 | -49.7% |
| Financial income | 75/76B | €59 | €5 | -€55 | -92.4% |
| Recurring financial income | 75 | €59 | €5 | -€55 | -92.4% |
| Financial charges | 65/66B | €9,522 | €8,935 | -€587 | -6.2% |
| Recurring financial charges | 65 | €9,522 | €8,935 | -€587 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | €31,651 | €11,767 | -€19,885 | -62.8% |
| Income taxes | 67/77 | €10,800 | €5,531 | -€5,269 | -48.8% |
| Profit (loss) for the period | 9904 | €20,851 | €6,236 | -€14,615 | -70.1% |
| Profit (loss) for the period to be appropriated | 9905 | €20,851 | €6,236 | -€14,615 | -70.1% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.