JNL: what changed
Two fiscal 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.
JNL
Largest movements
- Cash +€258,074
up €258,074 (+1363.6%), from €18,926 to €277,000
mainly Trade debts (+€333,649) and Tax, wage and social debts (+€120,807)
- Receivables within one year +€44,378
up €44,378 (+33.9%), from €130,723 to €175,101
of which Other amounts receivable: +€43,048
- Intangible fixed assets +€32,658
new in 2025: €32,658
- Stocks and contracts +€27,704
new in 2025: €27,704
- Tangible fixed assets +€18,411
new in 2025: €18,411
of which Furniture and vehicles: +€9,591
- Trade debts +€333,649
up €333,649 (+4324.2%), from €7,716 to €341,365
- Tax, wage and social debts +€120,807
up €120,807 (+42828.7%), from €282 to €121,089
of which Remuneration and social security: +€118,235
- Profit (loss) carried forward -€43,385
down €43,385 (-836.4%), from -€5,187 to -€48,572
- Other debts -€31,871
down €31,871 (-96.1%), from €33,171 to €1,300
- Staff costs +€966,025
up €966,025, from -€6,338 to €959,687
- Gross operating margin +€930,410
up €930,410, from -€2,302 to €928,108
- Depreciation +€11,038
new in 2025: €11,038
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.
Cash bridge derived
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 | €154,423 | €533,624 | +€379,201 | +245.6% |
| Fixed assets | 21/28 | - | €51,068 | +€51,068 | |
| Intangible fixed assets | 21 | - | €32,658 | +€32,658 | |
| Tangible fixed assets | 22/27 | - | €18,411 | +€18,411 | |
| Plant, machinery and equipment | 23 | - | €8,820 | +€8,820 | |
| Furniture and vehicles | 24 | - | €9,591 | +€9,591 | |
| Current assets | 29/58 | €154,423 | €482,556 | +€328,133 | +212.5% |
| Stocks and contracts in progress | 3 | - | €27,704 | +€27,704 | |
| Stocks | 30/36 | - | €27,704 | +€27,704 | |
| Amounts receivable within one year | 40/41 | €130,723 | €175,101 | +€44,378 | +33.9% |
| Trade receivables | 40 | - | €1,330 | +€1,330 | |
| Other amounts receivable | 41 | €130,723 | €173,771 | +€43,048 | +32.9% |
| Cash at bank and in hand | 54/58 | €18,926 | €277,000 | +€258,074 | +1363.6% |
| Deferred charges and accrued income | 490/1 | €4,774 | €2,750 | -€2,024 | -42.4% |
| Total equity and liabilities | 10/49 | €154,423 | €533,624 | +€379,201 | +245.6% |
| Equity | 10/15 | €113,255 | €69,870 | -€43,385 | -38.3% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Reserves | 13 | €87,442 | €87,442 | = | 0.0% |
| Distributable reserves | 133 | €87,442 | €87,442 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,187 | -€48,572 | -€43,385 | -836.4% |
| Amounts payable | 17/49 | €41,168 | €463,754 | +€422,586 | +1026.5% |
| Amounts payable within one year | 42/48 | €41,168 | €463,754 | +€422,586 | +1026.5% |
| Trade debts | 44 | €7,716 | €341,365 | +€333,649 | +4324.2% |
| Suppliers | 440/4 | €7,716 | €341,365 | +€333,649 | +4324.2% |
| Taxes, remuneration and social security | 45 | €282 | €121,089 | +€120,807 | +42828.7% |
| Taxes | 450/3 | €282 | €2,854 | +€2,572 | +911.8% |
| Remuneration and social security | 454/9 | - | €118,235 | +€118,235 | |
| Other amounts payable | 47/48 | €33,171 | €1,300 | -€31,871 | -96.1% |
| Non-recurring operating income | 76A | - | €460 | +€460 | |
| Remuneration, social security and pensions | 62 | -€6,338 | €959,687 | +€966,025 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €11,038 | +€11,038 | |
| Other operating charges | 640/8 | €85 | €521 | +€436 | +512.1% |
| Gross operating margin | 9900 | -€2,302 | €928,108 | +€930,410 | |
| Operating profit (loss) | 9901 | €3,951 | -€43,138 | -€47,089 | |
| Financial income | 75/76B | - | €2,777 | +€2,777 | |
| Recurring financial income | 75 | - | €2,777 | +€2,777 | |
| Financial charges | 65/66B | €848 | €2,847 | +€1,999 | +235.6% |
| Recurring financial charges | 65 | €848 | €2,847 | +€1,999 | +235.6% |
| Profit (loss) for the period before taxes | 9903 | €3,103 | -€43,209 | -€46,311 | |
| Income taxes | 67/77 | €282 | €176 | -€106 | -37.6% |
| Profit (loss) for the period | 9904 | €2,821 | -€43,385 | -€46,205 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,821 | -€43,385 | -€46,205 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.