JRN AM: 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.
JRN AM
Largest movements
- Intangible fixed assets +€5,594
new in 2025: €5,594
- Cash +€2,211
up €2,211 (+435%), from €509 to €2,720
mainly Other debts (+€23,175) and Advances received (+€3,267)
- Tangible fixed assets +€1,795
new in 2025: €1,795
- Receivables within one year +€1,078
up €1,078 (+7.2%), from €14,963 to €16,041
of which Trade receivables: +€5,107
- Deferred charges and accrued income -€504
down €504 (-67.3%), from €749 to €245
- Other debts +€23,175
up €23,175 (+165%), from €14,066 to €37,242
- Profit (loss) carried forward -€12,729
down €12,729 (-29.2%), from -€43,544 to -€56,274
- Tax, wage and social debts -€4,331
down €4,331 (-84.7%), from €5,113 to €782
- Advances received +€3,267
up €3,267, from €0 to €3,267
- Trade debts +€771
up €771 (+9.0%), from €8,535 to €9,307
- Financial charges -€36,928
down €36,928 (-87.1%), from €42,411 to €5,483
- Gross operating margin -€5,258
down €5,258 (-1,252%), from -€420 to -€5,678
- Depreciation +€469
new in 2025: €469
- Other operating charges +€367
up €367 (+94.6%), from €387 to €754
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 | €16,221 | €26,397 | +€10,175 | +62.7% |
| Fixed assets | 21/28 | - | €7,390 | +€7,390 | |
| Intangible fixed assets | 21 | - | €5,594 | +€5,594 | |
| Tangible fixed assets | 22/27 | - | €1,795 | +€1,795 | |
| Plant, machinery and equipment | 23 | - | €1,795 | +€1,795 | |
| Current assets | 29/58 | €16,221 | €19,007 | +€2,785 | +17.2% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €14,963 | €16,041 | +€1,078 | +7.2% |
| Trade receivables | 40 | €9,469 | €14,576 | +€5,107 | +53.9% |
| Other amounts receivable | 41 | €5,495 | €1,465 | -€4,030 | -73.3% |
| Cash at bank and in hand | 54/58 | €509 | €2,720 | +€2,211 | +435% |
| Deferred charges and accrued income | 490/1 | €749 | €245 | -€504 | -67.3% |
| Total equity and liabilities | 10/49 | €16,221 | €26,397 | +€10,175 | +62.7% |
| Equity | 10/15 | -€11,623 | -€24,352 | -€12,729 | -110% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €27,922 | €27,922 | = | 0.0% |
| Distributable reserves | 133 | €27,922 | €27,922 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,544 | -€56,274 | -€12,729 | -29.2% |
| Amounts payable | 17/49 | €27,844 | €50,749 | +€22,905 | +82.3% |
| Amounts payable within one year | 42/48 | €27,714 | €50,597 | +€22,883 | +82.6% |
| Trade debts | 44 | €8,535 | €9,307 | +€771 | +9.0% |
| Suppliers | 440/4 | €8,535 | €9,307 | +€771 | +9.0% |
| Advances received on contracts in progress | 46 | €0 | €3,267 | +€3,267 | |
| Taxes, remuneration and social security | 45 | €5,113 | €782 | -€4,331 | -84.7% |
| Taxes | 450/3 | €5,113 | €782 | -€4,331 | -84.7% |
| Other amounts payable | 47/48 | €14,066 | €37,242 | +€23,175 | +165% |
| Accrued charges and deferred income | 492/3 | €130 | €151 | +€22 | +16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €469 | +€469 | |
| Other operating charges | 640/8 | €387 | €754 | +€367 | +94.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€420 | -€5,678 | -€5,258 | -1,252% |
| Operating profit (loss) | 9901 | -€807 | -€6,901 | -€6,094 | -755% |
| Financial income | 75/76B | €65 | €46 | -€19 | -28.8% |
| Recurring financial income | 75 | €65 | €46 | -€19 | -28.8% |
| Financial charges | 65/66B | €42,411 | €5,483 | -€36,928 | -87.1% |
| Recurring financial charges | 65 | €42,411 | €5,483 | -€36,928 | -87.1% |
| Profit (loss) for the period before taxes | 9903 | -€43,154 | -€12,338 | +€30,815 | +71.4% |
| Income taxes | 67/77 | €391 | €391 | +€0 | 0.0% |
| Profit (loss) for the period | 9904 | -€43,544 | -€12,729 | +€30,815 | +70.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€43,544 | -€12,729 | +€30,815 | +70.8% |
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 18 October 2026 via checked.be.