JNF: what changed
JNF
Largest movements
- Receivables within one year +€15,872
up €15,872 (+1,224%), from €1,297 to €17,169
of which Other amounts receivable: +€16,648
- Tangible fixed assets -€1,424
down €1,424 (-73.4%), from €1,941 to €516
- Stocks and contracts -€1,383
down €1,383 (-30.0%), from €4,610 to €3,227
- Cash +€1,050
up €1,050 (+189%), from €557 to €1,607
mainly Net result for the year (+€11,326) and Short-term financial debts (+€2,599)
- Deferred charges and accrued income +€275
new in 2025: €275
- Profit (loss) carried forward +€11,326
up €11,326 (+99.7%), from -€11,356 to -€30
- Short-term financial debts +€2,599
up €2,599 (+56.9%), from €4,570 to €7,169
- Trade debts +€1,662
up €1,662 (+64.7%), from €2,569 to €4,231
- Other debts -€1,566
no longer reported in 2025 (was €1,566)
- Tax, wage and social debts +€369
up €369 (+35.0%), from €1,055 to €1,424
- Gross operating margin -€6,698
down €6,698 (-30.6%), from €21,863 to €15,165
- Financial income +€802
up €802 (+20,350%), from €4 to €806
- Depreciation -€756
down €756 (-34.7%), from €2,180 to €1,424
- Write-downs -€593
down €593 (-30.0%), from €1,976 to €1,383
- Financial charges +€315
up €315 (+35.5%), from €887 to €1,202
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,404 | €22,794 | +€14,390 | +171% |
| Fixed assets | 21/28 | €1,941 | €516 | -€1,424 | -73.4% |
| Tangible fixed assets | 22/27 | €1,941 | €516 | -€1,424 | -73.4% |
| Furniture and vehicles | 24 | €1,941 | €516 | -€1,424 | -73.4% |
| Current assets | 29/58 | €6,463 | €22,277 | +€15,814 | +245% |
| Stocks and contracts in progress | 3 | €4,610 | €3,227 | -€1,383 | -30.0% |
| Stocks | 30/36 | €4,610 | €3,227 | -€1,383 | -30.0% |
| Amounts receivable within one year | 40/41 | €1,297 | €17,169 | +€15,872 | +1,224% |
| Trade receivables | 40 | €855 | €79 | -€776 | -90.8% |
| Other amounts receivable | 41 | €443 | €17,090 | +€16,648 | +3,761% |
| Cash at bank and in hand | 54/58 | €557 | €1,607 | +€1,050 | +189% |
| Deferred charges and accrued income | 490/1 | - | €275 | +€275 | |
| Total equity and liabilities | 10/49 | €8,404 | €22,794 | +€14,390 | +171% |
| Equity | 10/15 | -€1,356 | €9,970 | +€11,326 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,356 | -€30 | +€11,326 | +99.7% |
| Amounts payable | 17/49 | €9,760 | €12,824 | +€3,064 | +31.4% |
| Amounts payable within one year | 42/48 | €9,760 | €12,824 | +€3,064 | +31.4% |
| Financial debts | 43 | €4,570 | €7,169 | +€2,599 | +56.9% |
| Credit institutions | 430/8 | €4,570 | €7,169 | +€2,599 | +56.9% |
| Trade debts | 44 | €2,569 | €4,231 | +€1,662 | +64.7% |
| Suppliers | 440/4 | €2,569 | €4,231 | +€1,662 | +64.7% |
| Taxes, remuneration and social security | 45 | €1,055 | €1,424 | +€369 | +35.0% |
| Taxes | 450/3 | €1,055 | €1,424 | +€369 | +35.0% |
| Other amounts payable | 47/48 | €1,566 | - | -€1,566 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,180 | €1,424 | -€756 | -34.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,976 | €1,383 | -€593 | -30.0% |
| Other operating charges | 640/8 | €541 | €636 | +€94 | +17.4% |
| Gross operating margin | 9900 | €21,863 | €15,165 | -€6,698 | -30.6% |
| Operating profit (loss) | 9901 | €17,166 | €11,722 | -€5,443 | -31.7% |
| Financial income | 75/76B | €4 | €806 | +€802 | +20,350% |
| Recurring financial income | 75 | €4 | €806 | +€802 | +20,350% |
| Financial charges | 65/66B | €887 | €1,202 | +€315 | +35.5% |
| Recurring financial charges | 65 | €887 | €1,202 | +€315 | +35.5% |
| Profit (loss) for the period before taxes | 9903 | €16,282 | €11,326 | -€4,956 | -30.4% |
| Profit (loss) for the period | 9904 | €16,282 | €11,326 | -€4,956 | -30.4% |
| Profit (loss) for the period to be appropriated | 9905 | €16,282 | €11,326 | -€4,956 | -30.4% |
Next steps
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 8 November 2026 via checked.be.