JONAC: 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.
JONAC
Largest movements
- Tangible fixed assets -€200,835
down €200,835 (-8.5%), from €2.4m to €2.2m
of which Land and buildings: -€199,483
- Debts after one year -€126,001
down €126,001 (-14.0%), from €902,540 to €776,539
of which Financial debts: -€126,301
- Profit (loss) carried forward -€62,356
down €62,356 (-12.5%), from -€497,300 to -€559,656
- Reserves -€30,825
down €30,825 (-8.5%), from €363,169 to €332,344
of which Tax-exempt reserves: -€30,825
- Other debts +€30,131
up €30,131 (+3.6%), from €846,846 to €876,977
- Gross operating margin -€7,660
down €7,660 (-5.3%), from €144,552 to €136,891
- Other operating charges -€7,476
down €7,476 (-35.8%), from €20,863 to €13,388
- Financial charges -€2,396
down €2,396 (-12.1%), from €19,725 to €17,329
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 | €2,405,791 | €2,209,174 | -€196,617 | -8.2% |
| Fixed assets | 21/28 | €2,370,387 | €2,169,552 | -€200,835 | -8.5% |
| Tangible fixed assets | 22/27 | €2,370,387 | €2,169,552 | -€200,835 | -8.5% |
| Land and buildings | 22 | €2,367,576 | €2,168,092 | -€199,483 | -8.4% |
| Plant, machinery and equipment | 23 | €2,003 | €1,040 | -€963 | -48.1% |
| Furniture and vehicles | 24 | €809 | €420 | -€389 | -48.1% |
| Current assets | 29/58 | €35,404 | €39,621 | +€4,218 | +11.9% |
| Amounts receivable within one year | 40/41 | €21,788 | €25,559 | +€3,771 | +17.3% |
| Trade receivables | 40 | €21,232 | €25,559 | +€4,327 | +20.4% |
| Other amounts receivable | 41 | €556 | €0 | -€556 | -100% |
| Cash at bank and in hand | 54/58 | €11,815 | €12,262 | +€447 | +3.8% |
| Deferred charges and accrued income | 490/1 | €1,800 | €1,800 | = | 0.0% |
| Total equity and liabilities | 10/49 | €2,405,791 | €2,209,174 | -€196,617 | -8.2% |
| Equity | 10/15 | €412,114 | €318,933 | -€93,181 | -22.6% |
| Contributions | 10/11 | €546,245 | €546,245 | = | 0.0% |
| Reserves | 13 | €363,169 | €332,344 | -€30,825 | -8.5% |
| Tax-exempt reserves | 132 | €352,154 | €321,330 | -€30,825 | -8.8% |
| Distributable reserves | 133 | €11,015 | €11,015 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€497,300 | -€559,656 | -€62,356 | -12.5% |
| Provisions and deferred taxes | 16 | €104,885 | €94,610 | -€10,275 | -9.8% |
| Deferred taxes | 168 | €104,885 | €94,610 | -€10,275 | -9.8% |
| Amounts payable | 17/49 | €1,888,792 | €1,795,631 | -€93,161 | -4.9% |
| Amounts payable after more than one year | 17 | €902,540 | €776,539 | -€126,001 | -14.0% |
| Financial debts | 170/4 | €895,929 | €769,628 | -€126,301 | -14.1% |
| Other amounts payable | 178/9 | €6,611 | €6,911 | +€300 | +4.5% |
| Amounts payable within one year | 42/48 | €986,252 | €1,017,586 | +€31,334 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €124,210 | €126,301 | +€2,092 | +1.7% |
| Trade debts | 44 | €15,196 | €9,451 | -€5,745 | -37.8% |
| Suppliers | 440/4 | €15,196 | €9,451 | -€5,745 | -37.8% |
| Taxes, remuneration and social security | 45 | - | €4,856 | +€4,856 | |
| Taxes | 450/3 | - | €4,856 | +€4,856 | |
| Other amounts payable | 47/48 | €846,846 | €876,977 | +€30,131 | +3.6% |
| Accrued charges and deferred income | 492/3 | - | €1,506 | +€1,506 | |
| Non-recurring operating income | 76A | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €209,718 | €209,635 | -€83 | 0.0% |
| Other operating charges | 640/8 | €20,863 | €13,388 | -€7,476 | -35.8% |
| Non-recurring operating charges | 66A | €960 | €0 | -€960 | -100% |
| Gross operating margin | 9900 | €144,552 | €136,891 | -€7,660 | -5.3% |
| Operating profit (loss) | 9901 | -€86,990 | -€86,131 | +€859 | +1.0% |
| Financial income | 75/76B | €0 | €4 | +€4 | +2,032% |
| Recurring financial income | 75 | €0 | €4 | +€4 | +2,032% |
| Financial charges | 65/66B | €19,725 | €17,329 | -€2,396 | -12.1% |
| Recurring financial charges | 65 | €19,725 | €17,329 | -€2,396 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | -€106,715 | -€103,456 | +€3,259 | +3.1% |
| Transfer from deferred taxes | 780 | €10,275 | €10,275 | = | 0.0% |
| Income taxes | 67/77 | €377 | €0 | -€377 | -100% |
| Profit (loss) for the period | 9904 | -€96,817 | -€93,181 | +€3,636 | +3.8% |
| Transfer from tax-exempt reserves | 789 | €30,825 | €30,825 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€65,992 | -€62,356 | +€3,636 | +5.5% |
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.