JNN: 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.
JNN
Largest movements
- Cash +€206,351
up €206,351 (+423%), from €48,752 to €255,103
mainly Stocks and contracts (+€122,350) and Other debts (+€97,547)
- Stocks and contracts -€122,350
down €122,350 (-46.4%), from €263,575 to €141,225
- Receivables within one year -€43,126
down €43,126 (-57.0%), from €75,643 to €32,516
- Tangible fixed assets +€7,759
up €7,759 (+235%), from €3,307 to €11,066
- Other debts +€97,547
up €97,547 (+43.8%), from €222,767 to €320,314
- Profit (loss) carried forward -€60,916
down €60,916 (-73.2%), from €83,225 to €22,309
- Tax, wage and social debts +€24,105
up €24,105 (+84.0%), from €28,696 to €52,801
of which Taxes: +€25,896
- Trade debts -€15,313
down €15,313 (-97.8%), from €15,662 to €349
- Gross operating margin +€41,100
up €41,100 (+77.2%), from €53,239 to €94,339
- Taxes +€12,353
up €12,353 (+165%), from €7,476 to €19,828
- Other operating charges -€6,832
down €6,832 (-89.2%), from €7,659 to €826
- Financial charges -€2,664
down €2,664 (-27.5%), from €9,674 to €7,010
- Depreciation +€1,665
up €1,665 (+56.9%), from €2,926 to €4,591
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 | €394,487 | €439,910 | +€45,423 | +11.5% |
| Fixed assets | 21/28 | €3,307 | €11,066 | +€7,759 | +235% |
| Tangible fixed assets | 22/27 | €3,307 | €11,066 | +€7,759 | +235% |
| Furniture and vehicles | 24 | €3,307 | €11,066 | +€7,759 | +235% |
| Current assets | 29/58 | €391,180 | €428,844 | +€37,664 | +9.6% |
| Stocks and contracts in progress | 3 | €263,575 | €141,225 | -€122,350 | -46.4% |
| Stocks | 30/36 | €263,575 | €141,225 | -€122,350 | -46.4% |
| Amounts receivable within one year | 40/41 | €75,643 | €32,516 | -€43,126 | -57.0% |
| Trade receivables | 40 | €75,643 | €32,516 | -€43,126 | -57.0% |
| Cash at bank and in hand | 54/58 | €48,752 | €255,103 | +€206,351 | +423% |
| Deferred charges and accrued income | 490/1 | €3,210 | - | -€3,210 | |
| Total equity and liabilities | 10/49 | €394,487 | €439,910 | +€45,423 | +11.5% |
| Equity | 10/15 | €127,362 | €66,446 | -€60,916 | -47.8% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Contributions outside capital | 11 | €4,000 | €4,000 | = | 0.0% |
| Other | 1109/19 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €40,137 | €40,137 | = | 0.0% |
| Non-distributable reserves | 130/1 | €40,137 | €40,137 | = | 0.0% |
| Legal reserve | 130 | €40,137 | €40,137 | = | 0.0% |
| Profit (loss) carried forward | 14 | €83,225 | €22,309 | -€60,916 | -73.2% |
| Amounts payable | 17/49 | €267,125 | €373,464 | +€106,339 | +39.8% |
| Amounts payable within one year | 42/48 | €267,125 | €373,464 | +€106,339 | +39.8% |
| Trade debts | 44 | €15,662 | €349 | -€15,313 | -97.8% |
| Suppliers | 440/4 | €15,662 | €349 | -€15,313 | -97.8% |
| Taxes, remuneration and social security | 45 | €28,696 | €52,801 | +€24,105 | +84.0% |
| Taxes | 450/3 | €22,144 | €48,040 | +€25,896 | +117% |
| Remuneration and social security | 454/9 | €6,552 | €4,761 | -€1,791 | -27.3% |
| Other amounts payable | 47/48 | €222,767 | €320,314 | +€97,547 | +43.8% |
| Remuneration, social security and pensions | 62 | €1,575 | - | -€1,575 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,926 | €4,591 | +€1,665 | +56.9% |
| Other operating charges | 640/8 | €7,659 | €826 | -€6,832 | -89.2% |
| Non-recurring operating charges | 66A | - | €8,000 | +€8,000 | |
| Gross operating margin | 9900 | €53,239 | €94,339 | +€41,100 | +77.2% |
| Operating profit (loss) | 9901 | €41,079 | €80,922 | +€39,843 | +97.0% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €9,674 | €7,010 | -€2,664 | -27.5% |
| Recurring financial charges | 65 | €9,674 | €7,010 | -€2,664 | -27.5% |
| Profit (loss) for the period before taxes | 9903 | €31,408 | €73,912 | +€42,504 | +135% |
| Income taxes | 67/77 | €7,476 | €19,828 | +€12,353 | +165% |
| Profit (loss) for the period | 9904 | €23,932 | €54,084 | +€30,152 | +126% |
| Profit (loss) for the period to be appropriated | 9905 | €23,932 | €54,084 | +€30,152 | +126% |
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 22 October 2026 via checked.be.