JNC MANAGEMENT: 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.
JNC MANAGEMENT
Largest movements
- Receivables within one year +€86,233
up €86,233 (+69.1%), from €124,873 to €211,107
of which Trade receivables: +€114,194
- Receivables after one year -€79,167
down €79,167 (-79.2%), from €100,000 to €20,833
of which Other amounts receivable: -€100,000
- Current investments +€50,315
up €50,315 (+49.9%), from €100,888 to €151,203
- Cash +€16,645
up €16,645 (+8.0%), from €209,349 to €225,994
mainly Net result for the year (+€149,986) and Receivables after one year (+€79,167)
- Tangible fixed assets -€7,595
down €7,595 (-42.9%), from €17,722 to €10,127
- Reserves +€148,186
up €148,186 (+38.9%), from €381,419 to €529,605
- Other debts -€78,546
down €78,546 (-64.1%), from €122,443 to €43,897
- Tax, wage and social debts +€6,987
up €6,987 (+29.4%), from €23,787 to €30,774
- Gross operating margin +€66,521
up €66,521 (+25.7%), from €258,598 to €325,119
- Financial charges +€36,852
up €36,852 (+43.0%), from €85,770 to €122,622
- Taxes +€7,337
up €7,337 (+19.8%), from €37,115 to €44,452
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 | €553,380 | €619,888 | +€66,507 | +12.0% |
| Fixed assets | 21/28 | €17,722 | €10,127 | -€7,595 | -42.9% |
| Tangible fixed assets | 22/27 | €17,722 | €10,127 | -€7,595 | -42.9% |
| Leasing and similar rights | 25 | €17,722 | €10,127 | -€7,595 | -42.9% |
| Current assets | 29/58 | €535,659 | €609,761 | +€74,102 | +13.8% |
| Amounts receivable after more than one year | 29 | €100,000 | €20,833 | -€79,167 | -79.2% |
| Trade receivables | 290 | - | €20,833 | +€20,833 | |
| Other amounts receivable | 291 | €100,000 | - | -€100,000 | |
| Amounts receivable within one year | 40/41 | €124,873 | €211,107 | +€86,233 | +69.1% |
| Trade receivables | 40 | €30,506 | €144,700 | +€114,194 | +374% |
| Other amounts receivable | 41 | €94,368 | €66,407 | -€27,961 | -29.6% |
| Current investments | 50/53 | €100,888 | €151,203 | +€50,315 | +49.9% |
| Cash at bank and in hand | 54/58 | €209,349 | €225,994 | +€16,645 | +8.0% |
| Deferred charges and accrued income | 490/1 | €549 | €625 | +€76 | +13.9% |
| Total equity and liabilities | 10/49 | €553,380 | €619,888 | +€66,507 | +12.0% |
| Equity | 10/15 | €391,419 | €539,605 | +€148,186 | +37.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €381,419 | €529,605 | +€148,186 | +38.9% |
| Distributable reserves | 133 | €381,419 | €529,605 | +€148,186 | +38.9% |
| Amounts payable | 17/49 | €161,962 | €80,282 | -€81,679 | -50.4% |
| Amounts payable after more than one year | 17 | €4,879 | - | -€4,879 | |
| Financial debts | 170/4 | €4,879 | - | -€4,879 | |
| Amounts payable within one year | 42/48 | €157,082 | €80,282 | -€76,800 | -48.9% |
| Current portion of amounts payable after more than one year | 42 | €8,763 | €4,879 | -€3,884 | -44.3% |
| Trade debts | 44 | €2,089 | €732 | -€1,357 | -64.9% |
| Suppliers | 440/4 | €2,089 | €732 | -€1,357 | -64.9% |
| Taxes, remuneration and social security | 45 | €23,787 | €30,774 | +€6,987 | +29.4% |
| Taxes | 450/3 | €23,787 | €30,774 | +€6,987 | +29.4% |
| Other amounts payable | 47/48 | €122,443 | €43,897 | -€78,546 | -64.1% |
| Remuneration, social security and pensions | 62 | -€146 | €146 | +€292 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,595 | €7,595 | = | 0.0% |
| Other operating charges | 640/8 | €1,316 | €1,521 | +€205 | +15.6% |
| Gross operating margin | 9900 | €258,598 | €325,119 | +€66,521 | +25.7% |
| Operating profit (loss) | 9901 | €249,833 | €315,857 | +€66,024 | +26.4% |
| Financial income | 75/76B | €1,506 | €1,203 | -€302 | -20.1% |
| Recurring financial income | 75 | €1,506 | €1,203 | -€302 | -20.1% |
| Financial charges | 65/66B | €85,770 | €122,622 | +€36,852 | +43.0% |
| Recurring financial charges | 65 | €85,770 | €122,622 | +€36,852 | +43.0% |
| Profit (loss) for the period before taxes | 9903 | €165,569 | €194,439 | +€28,870 | +17.4% |
| Income taxes | 67/77 | €37,115 | €44,452 | +€7,337 | +19.8% |
| Profit (loss) for the period | 9904 | €128,453 | €149,986 | +€21,533 | +16.8% |
| Profit (loss) for the period to be appropriated | 9905 | €128,453 | €149,986 | +€21,533 | +16.8% |
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 14 October 2026 via checked.be.