JO N’KO: 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.
JO N’KO
Largest movements
- Tangible fixed assets -€20,824
down €20,824 (-7.5%), from €277,797 to €256,973
of which Plant, machinery and equipment: -€16,617
- Receivables within one year +€19,643
up €19,643 (+101%), from €19,517 to €39,159
of which Trade receivables: +€15,218
- Cash +€8,361
up €8,361 (+25.9%), from €32,228 to €40,589
mainly Depreciation (+€38,992) and Current portion of long-term debt (+€33,774)
- Intangible fixed assets +€5,402
new in 2025: €5,402
- Current portion of long-term debt +€33,774
new in 2025: €33,774
- Debts after one year -€33,654
down €33,654 (-13.5%), from €249,444 to €215,790
- Other debts +€10,504
up €10,504 (+36.0%), from €29,155 to €39,658
- Trade debts +€4,930
up €4,930 (+200%), from €2,471 to €7,401
- Gross operating margin +€11,566
up €11,566 (+7.1%), from €163,718 to €175,284
- Staff costs -€11,460
down €11,460 (-12.4%), from €92,623 to €81,163
- Financial charges +€6,163
up €6,163 (+64.8%), from €9,510 to €15,673
- Depreciation +€5,883
up €5,883 (+17.8%), from €33,109 to €38,992
- Taxes +€3,341
up €3,341 (+41.6%), from €8,040 to €11,381
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 | €331,445 | €343,816 | +€12,371 | +3.7% |
| Fixed assets | 21/28 | €277,917 | €262,496 | -€15,422 | -5.5% |
| Intangible fixed assets | 21 | - | €5,402 | +€5,402 | |
| Tangible fixed assets | 22/27 | €277,797 | €256,973 | -€20,824 | -7.5% |
| Land and buildings | 22 | €158,738 | €153,739 | -€4,999 | -3.1% |
| Plant, machinery and equipment | 23 | €104,493 | €87,877 | -€16,617 | -15.9% |
| Furniture and vehicles | 24 | €13,947 | €14,763 | +€816 | +5.8% |
| Other tangible fixed assets | 26 | €619 | €595 | -€24 | -3.9% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €53,528 | €81,320 | +€27,792 | +51.9% |
| Stocks and contracts in progress | 3 | €1,248 | €1,248 | = | 0.0% |
| Stocks | 30/36 | €1,248 | €1,248 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €19,517 | €39,159 | +€19,643 | +101% |
| Trade receivables | 40 | €19,441 | €34,659 | +€15,218 | +78.3% |
| Other amounts receivable | 41 | €75 | €4,500 | +€4,425 | +5,863% |
| Cash at bank and in hand | 54/58 | €32,228 | €40,589 | +€8,361 | +25.9% |
| Deferred charges and accrued income | 490/1 | €536 | €324 | -€212 | -39.5% |
| Total equity and liabilities | 10/49 | €331,445 | €343,816 | +€12,371 | +3.7% |
| Equity | 10/15 | €19,182 | €19,182 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €582 | €582 | = | 0.0% |
| Non-distributable reserves | 130/1 | €582 | €582 | = | 0.0% |
| Reserves not available under the articles | 1311 | €582 | €582 | = | 0.0% |
| Amounts payable | 17/49 | €312,263 | €324,634 | +€12,371 | +4.0% |
| Amounts payable after more than one year | 17 | €249,444 | €215,790 | -€33,654 | -13.5% |
| Financial debts | 170/4 | €249,444 | €215,790 | -€33,654 | -13.5% |
| Amounts payable within one year | 42/48 | €62,819 | €108,844 | +€46,025 | +73.3% |
| Current portion of amounts payable after more than one year | 42 | - | €33,774 | +€33,774 | |
| Trade debts | 44 | €2,471 | €7,401 | +€4,930 | +200% |
| Suppliers | 440/4 | €2,471 | €7,401 | +€4,930 | +200% |
| Taxes, remuneration and social security | 45 | €31,194 | €28,011 | -€3,183 | -10.2% |
| Taxes | 450/3 | €21,430 | €19,330 | -€2,100 | -9.8% |
| Remuneration and social security | 454/9 | €9,764 | €8,681 | -€1,083 | -11.1% |
| Other amounts payable | 47/48 | €29,155 | €39,658 | +€10,504 | +36.0% |
| Remuneration, social security and pensions | 62 | €92,623 | €81,163 | -€11,460 | -12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,109 | €38,992 | +€5,883 | +17.8% |
| Other operating charges | 640/8 | €1,924 | €2,811 | +€888 | +46.1% |
| Gross operating margin | 9900 | €163,718 | €175,284 | +€11,566 | +7.1% |
| Operating profit (loss) | 9901 | €36,062 | €52,317 | +€16,256 | +45.1% |
| Financial income | 75/76B | €132 | €42 | -€90 | -68.1% |
| Recurring financial income | 75 | €132 | €42 | -€90 | -68.1% |
| Financial charges | 65/66B | €9,510 | €15,673 | +€6,163 | +64.8% |
| Recurring financial charges | 65 | €9,510 | €15,673 | +€6,163 | +64.8% |
| Profit (loss) for the period before taxes | 9903 | €26,684 | €36,687 | +€10,003 | +37.5% |
| Income taxes | 67/77 | €8,040 | €11,381 | +€3,341 | +41.6% |
| Profit (loss) for the period | 9904 | €18,644 | €25,305 | +€6,662 | +35.7% |
| Profit (loss) for the period to be appropriated | 9905 | €18,644 | €25,305 | +€6,662 | +35.7% |
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 15 October 2026 via checked.be.