JNH: 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.
JNH
Largest movements
- Receivables within one year +€2,432
up €2,432 (+14.9%), from €16,293 to €18,725
of which Trade receivables: +€2,827
- Cash +€1,954
up €1,954 (+11.8%), from €16,611 to €18,565
mainly Net result for the year (+€4,876) and Depreciation (+€3,184)
- Tangible fixed assets -€1,348
down €1,348 (-19.2%), from €7,016 to €5,668
of which Furniture and vehicles: -€779
- Deferred charges and accrued income +€553
up €553 (+30.2%), from €1,832 to €2,386
- Reserves +€4,800
up €4,800 (+23.8%), from €20,157 to €24,957
of which Distributable reserves: +€4,800
- Tax, wage and social debts -€1,354
down €1,354 (-19.2%), from €7,049 to €5,695
- Depreciation +€498
up €498 (+18.5%), from €2,686 to €3,184
- Gross operating margin -€426
down €426 (-3.6%), from €11,997 to €11,571
- Financial charges -€219
down €219 (-37.0%), from €593 to €374
- Taxes -€177
down €177 (-6.3%), from €2,805 to €2,628
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 | €41,752 | €45,343 | +€3,591 | +8.6% |
| Fixed assets | 21/28 | €7,016 | €5,668 | -€1,348 | -19.2% |
| Tangible fixed assets | 22/27 | €7,016 | €5,668 | -€1,348 | -19.2% |
| Plant, machinery and equipment | 23 | €1,711 | €1,142 | -€569 | -33.2% |
| Furniture and vehicles | 24 | €5,305 | €4,526 | -€779 | -14.7% |
| Current assets | 29/58 | €34,736 | €39,675 | +€4,939 | +14.2% |
| Amounts receivable within one year | 40/41 | €16,293 | €18,725 | +€2,432 | +14.9% |
| Trade receivables | 40 | €14,115 | €16,942 | +€2,827 | +20.0% |
| Other amounts receivable | 41 | €2,178 | €1,782 | -€395 | -18.1% |
| Cash at bank and in hand | 54/58 | €16,611 | €18,565 | +€1,954 | +11.8% |
| Deferred charges and accrued income | 490/1 | €1,832 | €2,386 | +€553 | +30.2% |
| Total equity and liabilities | 10/49 | €41,752 | €45,343 | +€3,591 | +8.6% |
| Equity | 10/15 | €32,054 | €36,930 | +€4,876 | +15.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €20,157 | €24,957 | +€4,800 | +23.8% |
| Non-distributable reserves | 130/1 | €559 | €559 | = | 0.0% |
| Reserves not available under the articles | 1311 | €559 | €559 | = | 0.0% |
| Distributable reserves | 133 | €19,598 | €24,398 | +€4,800 | +24.5% |
| Profit (loss) carried forward | 14 | €5,698 | €5,774 | +€76 | +1.3% |
| Amounts payable | 17/49 | €9,697 | €8,412 | -€1,285 | -13.2% |
| Amounts payable within one year | 42/48 | €9,684 | €8,387 | -€1,298 | -13.4% |
| Trade debts | 44 | €2,636 | €2,692 | +€57 | +2.1% |
| Suppliers | 440/4 | €2,636 | €2,692 | +€57 | +2.1% |
| Taxes, remuneration and social security | 45 | €7,049 | €5,695 | -€1,354 | -19.2% |
| Taxes | 450/3 | €7,049 | €5,695 | -€1,354 | -19.2% |
| Accrued charges and deferred income | 492/3 | €13 | €26 | +€13 | +99.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,686 | €3,184 | +€498 | +18.5% |
| Other operating charges | 640/8 | €533 | €509 | -€24 | -4.5% |
| Gross operating margin | 9900 | €11,997 | €11,571 | -€426 | -3.6% |
| Operating profit (loss) | 9901 | €8,779 | €7,878 | -€901 | -10.3% |
| Financial income | 75/76B | €21 | €0 | -€21 | -100.0% |
| Recurring financial income | 75 | €21 | €0 | -€21 | -100.0% |
| Financial charges | 65/66B | €593 | €374 | -€219 | -37.0% |
| Recurring financial charges | 65 | €593 | €374 | -€219 | -37.0% |
| Profit (loss) for the period before taxes | 9903 | €8,207 | €7,504 | -€703 | -8.6% |
| Income taxes | 67/77 | €2,805 | €2,628 | -€177 | -6.3% |
| Profit (loss) for the period | 9904 | €5,402 | €4,876 | -€526 | -9.7% |
| Profit (loss) for the period to be appropriated | 9905 | €5,402 | €4,876 | -€526 | -9.7% |
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.