JRNH: 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.
JRNH
Largest movements
- Current investments -€40,099
down €40,099 (-80.2%), from €50,000 to €9,901
- Cash +€29,038
up €29,038 (+83.8%), from €34,647 to €63,685
mainly Current investments (+€40,099) and Net result for the year (+€37,292)
- Receivables within one year -€9,936
down €9,936 (-87.5%), from €11,361 to €1,425
of which Trade receivables: -€11,334
- Tangible fixed assets -€4,750
down €4,750 (-18.4%), from €25,871 to €21,122
of which Plant, machinery and equipment: -€2,500
- Other debts -€18,178
down €18,178 (-29.5%), from €61,722 to €43,544
- Profit (loss) carried forward -€12,708
down €12,708 (-34.2%), from €37,134 to €24,425
- Tax, wage and social debts +€6,208
up €6,208 (+181.8%), from €3,415 to €9,624
- Gross operating margin -€3,349
down €3,349 (-6.0%), from €55,558 to €52,209
- Financial income +€1,569
up €1,569 (+353.1%), from €444 to €2,013
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 | €121,922 | €96,133 | -€25,789 | -21.2% |
| Fixed assets | 21/28 | €25,871 | €21,122 | -€4,750 | -18.4% |
| Tangible fixed assets | 22/27 | €25,871 | €21,122 | -€4,750 | -18.4% |
| Plant, machinery and equipment | 23 | €16,259 | €13,759 | -€2,500 | -15.4% |
| Furniture and vehicles | 24 | €9,612 | €7,362 | -€2,250 | -23.4% |
| Current assets | 29/58 | €96,051 | €75,011 | -€21,040 | -21.9% |
| Amounts receivable within one year | 40/41 | €11,361 | €1,425 | -€9,936 | -87.5% |
| Trade receivables | 40 | €11,334 | €0 | -€11,334 | -100.0% |
| Other amounts receivable | 41 | €27 | €1,425 | +€1,398 | +5193.8% |
| Current investments | 50/53 | €50,000 | €9,901 | -€40,099 | -80.2% |
| Cash at bank and in hand | 54/58 | €34,647 | €63,685 | +€29,038 | +83.8% |
| Deferred charges and accrued income | 490/1 | €43 | €0 | -€43 | -100.0% |
| Total equity and liabilities | 10/49 | €121,922 | €96,133 | -€25,789 | -21.2% |
| Equity | 10/15 | €40,134 | €27,425 | -€12,708 | -31.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,134 | €24,425 | -€12,708 | -34.2% |
| Amounts payable | 17/49 | €81,788 | €68,707 | -€13,081 | -16.0% |
| Amounts payable after more than one year | 17 | €15,000 | €15,000 | = | 0.0% |
| Financial debts | 170/4 | €15,000 | €15,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €66,362 | €53,636 | -€12,726 | -19.2% |
| Trade debts | 44 | €1,224 | €468 | -€756 | -61.8% |
| Suppliers | 440/4 | €1,224 | €468 | -€756 | -61.8% |
| Taxes, remuneration and social security | 45 | €3,415 | €9,624 | +€6,208 | +181.8% |
| Taxes | 450/3 | €3,415 | €9,624 | +€6,208 | +181.8% |
| Other amounts payable | 47/48 | €61,722 | €43,544 | -€18,178 | -29.5% |
| Accrued charges and deferred income | 492/3 | €427 | €71 | -€355 | -83.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,573 | €4,750 | +€176 | +3.9% |
| Other operating charges | 640/8 | €820 | €841 | +€21 | +2.5% |
| Gross operating margin | 9900 | €55,558 | €52,209 | -€3,349 | -6.0% |
| Operating profit (loss) | 9901 | €50,165 | €46,619 | -€3,547 | -7.1% |
| Financial income | 75/76B | €444 | €2,013 | +€1,569 | +353.1% |
| Recurring financial income | 75 | €444 | €2,013 | +€1,569 | +353.1% |
| Financial charges | 65/66B | €641 | €380 | -€261 | -40.7% |
| Recurring financial charges | 65 | €641 | €380 | -€261 | -40.7% |
| Profit (loss) for the period before taxes | 9903 | €49,969 | €48,253 | -€1,716 | -3.4% |
| Income taxes | 67/77 | €11,117 | €10,961 | -€156 | -1.4% |
| Profit (loss) for the period | 9904 | €38,852 | €37,292 | -€1,560 | -4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €38,852 | €37,292 | -€1,560 | -4.0% |
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 3 October 2026 via checked.be.