JONAL: 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.
JONAL
Largest movements
- Tangible fixed assets -€12,516
down €12,516 (-3.6%), from €344,511 to €331,995
- Receivables within one year -€10,468
down €10,468 (-41.9%), from €24,970 to €14,502
of which Trade receivables: -€7,050
- Debts after one year -€29,723
down €29,723 (-16.6%), from €179,034 to €149,311
- Reserves +€7,889
up €7,889 (+37.5%), from €21,055 to €28,944
of which Distributable reserves: +€7,889
- Gross operating margin +€4,125
up €4,125 (+9.3%), from €44,155 to €48,280
- Taxes -€2,884
down €2,884 (-48.9%), from €5,892 to €3,008
- Depreciation +€842
up €842 (+3.3%), from €25,402 to €26,244
- Financial charges -€790
down €790 (-16.0%), from €4,936 to €4,146
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 | €373,078 | €348,218 | -€24,860 | -6.7% |
| Fixed assets | 21/28 | €344,536 | €332,020 | -€12,516 | -3.6% |
| Tangible fixed assets | 22/27 | €344,511 | €331,995 | -€12,516 | -3.6% |
| Land and buildings | 22 | €344,511 | €331,995 | -€12,516 | -3.6% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €28,542 | €16,198 | -€12,344 | -43.2% |
| Amounts receivable within one year | 40/41 | €24,970 | €14,502 | -€10,468 | -41.9% |
| Trade receivables | 40 | €9,075 | €2,025 | -€7,050 | -77.7% |
| Other amounts receivable | 41 | €15,895 | €12,477 | -€3,418 | -21.5% |
| Cash at bank and in hand | 54/58 | €3,572 | €1,695 | -€1,877 | -52.5% |
| Deferred charges and accrued income | 490/1 | - | €1 | +€1 | |
| Total equity and liabilities | 10/49 | €373,078 | €348,218 | -€24,860 | -6.7% |
| Equity | 10/15 | €150,795 | €158,684 | +€7,889 | +5.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €21,055 | €28,944 | +€7,889 | +37.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €19,195 | €27,084 | +€7,889 | +41.1% |
| Profit (loss) carried forward | 14 | €111,140 | €111,140 | = | 0.0% |
| Amounts payable | 17/49 | €222,283 | €189,534 | -€32,749 | -14.7% |
| Amounts payable after more than one year | 17 | €179,034 | €149,311 | -€29,723 | -16.6% |
| Financial debts | 170/4 | €179,034 | €149,311 | -€29,723 | -16.6% |
| Amounts payable within one year | 42/48 | €43,248 | €40,223 | -€3,025 | -7.0% |
| Current portion of amounts payable after more than one year | 42 | €35,406 | €33,752 | -€1,654 | -4.7% |
| Trade debts | 44 | €1,730 | €995 | -€735 | -42.5% |
| Suppliers | 440/4 | €1,730 | €995 | -€735 | -42.5% |
| Taxes, remuneration and social security | 45 | €6,112 | €5,476 | -€636 | -10.4% |
| Taxes | 450/3 | €4,307 | €5,202 | +€895 | +20.8% |
| Remuneration and social security | 454/9 | €1,805 | €274 | -€1,531 | -84.8% |
| Accrued charges and deferred income | 492/3 | €1 | - | -€1 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,402 | €26,244 | +€842 | +3.3% |
| Other operating charges | 640/8 | €6,822 | €6,993 | +€171 | +2.5% |
| Gross operating margin | 9900 | €44,155 | €48,280 | +€4,125 | +9.3% |
| Operating profit (loss) | 9901 | €11,931 | €15,043 | +€3,112 | +26.1% |
| Financial charges | 65/66B | €4,936 | €4,146 | -€790 | -16.0% |
| Recurring financial charges | 65 | €4,936 | €4,146 | -€790 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | €6,995 | €10,897 | +€3,902 | +55.8% |
| Income taxes | 67/77 | €5,892 | €3,008 | -€2,884 | -48.9% |
| Profit (loss) for the period | 9904 | €1,103 | €7,889 | +€6,786 | +615.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,103 | €7,889 | +€6,786 | +615.2% |
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 5 October 2026 via checked.be.