JustNCE: 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.
JustNCE
Largest movements
- Tangible fixed assets +€214,849
up €214,849 (+64.3%), from €334,383 to €549,231
of which Other tangible fixed assets: +€194,410
- Cash +€51,937
up €51,937 (+99.9%), from €51,975 to €103,913
mainly Debts after one year (+€203,505) and Depreciation (+€33,033)
- Stocks and contracts +€15,015
up €15,015 (+101.8%), from €14,747 to €29,762
- Current investments -€10,000
down €10,000 (-69.8%), from €14,328 to €4,328
- Debts after one year +€203,505
up €203,505 (+63.7%), from €319,371 to €522,877
- Trade debts +€27,401
up €27,401 (+52.3%), from €52,414 to €79,815
- Profit (loss) carried forward +€23,406
up €23,406 (+83.7%), from -€27,979 to -€4,574
- Current portion of long-term debt +€15,578
up €15,578 (+69.6%), from €22,378 to €37,956
- Tax, wage and social debts -€8,876
down €8,876 (-62.9%), from €14,110 to €5,234
of which Remuneration and social security: -€5,389
- Gross operating margin +€181,192
up €181,192 (+716.3%), from €25,296 to €206,488
- Staff costs +€98,561
up €98,561 (+750.0%), from €13,141 to €111,702
- Depreciation +€15,722
up €15,722 (+90.8%), from €17,311 to €33,033
- Financial charges +€7,926
up €7,926 (+59.8%), from €13,253 to €21,180
- Financial income -€4,729
down €4,729 (-93.7%), from €5,049 to €320
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 | €426,946 | €692,138 | +€265,193 | +62.1% |
| Fixed assets | 21/28 | €337,683 | €552,531 | +€214,849 | +63.6% |
| Tangible fixed assets | 22/27 | €334,383 | €549,231 | +€214,849 | +64.3% |
| Land and buildings | 22 | €322,710 | €306,710 | -€16,000 | -5.0% |
| Plant, machinery and equipment | 23 | - | €16,243 | +€16,243 | |
| Furniture and vehicles | 24 | €0 | €20,196 | +€20,196 | +100978100.0% |
| Other tangible fixed assets | 26 | €11,672 | €206,083 | +€194,410 | +1665.5% |
| Financial fixed assets | 28 | €3,300 | €3,300 | = | 0.0% |
| Current assets | 29/58 | €89,263 | €139,607 | +€50,344 | +56.4% |
| Stocks and contracts in progress | 3 | €14,747 | €29,762 | +€15,015 | +101.8% |
| Stocks | 30/36 | €14,747 | €29,762 | +€15,015 | +101.8% |
| Amounts receivable within one year | 40/41 | €6,179 | €1,604 | -€4,575 | -74.0% |
| Trade receivables | 40 | €6,179 | €1,604 | -€4,575 | -74.0% |
| Current investments | 50/53 | €14,328 | €4,328 | -€10,000 | -69.8% |
| Cash at bank and in hand | 54/58 | €51,975 | €103,913 | +€51,937 | +99.9% |
| Deferred charges and accrued income | 490/1 | €2,033 | - | -€2,033 | |
| Total equity and liabilities | 10/49 | €426,946 | €692,138 | +€265,193 | +62.1% |
| Equity | 10/15 | €18,505 | €41,910 | +€23,406 | +126.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €27,892 | €27,892 | = | 0.0% |
| Non-distributable reserves | 130/1 | €492 | €492 | = | 0.0% |
| Reserves not available under the articles | 1311 | €492 | €492 | = | 0.0% |
| Distributable reserves | 133 | €27,400 | €27,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,979 | -€4,574 | +€23,406 | +83.7% |
| Amounts payable | 17/49 | €408,441 | €650,228 | +€241,787 | +59.2% |
| Amounts payable after more than one year | 17 | €319,371 | €522,877 | +€203,505 | +63.7% |
| Financial debts | 170/4 | €319,371 | €522,877 | +€203,505 | +63.7% |
| Amounts payable within one year | 42/48 | €89,070 | €126,553 | +€37,484 | +42.1% |
| Current portion of amounts payable after more than one year | 42 | €22,378 | €37,956 | +€15,578 | +69.6% |
| Trade debts | 44 | €52,414 | €79,815 | +€27,401 | +52.3% |
| Suppliers | 440/4 | €52,414 | €79,815 | +€27,401 | +52.3% |
| Taxes, remuneration and social security | 45 | €14,110 | €5,234 | -€8,876 | -62.9% |
| Taxes | 450/3 | €8,295 | €4,808 | -€3,487 | -42.0% |
| Remuneration and social security | 454/9 | €5,816 | €426 | -€5,389 | -92.7% |
| Other amounts payable | 47/48 | €168 | €3,549 | +€3,381 | +2012.5% |
| Accrued charges and deferred income | 492/3 | - | €798 | +€798 | |
| Remuneration, social security and pensions | 62 | €13,141 | €111,702 | +€98,561 | +750.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,311 | €33,033 | +€15,722 | +90.8% |
| Other operating charges | 640/8 | €16,196 | €16,910 | +€714 | +4.4% |
| Gross operating margin | 9900 | €25,296 | €206,488 | +€181,192 | +716.3% |
| Operating profit (loss) | 9901 | -€21,352 | €44,843 | +€66,195 | |
| Financial income | 75/76B | €5,049 | €320 | -€4,729 | -93.7% |
| Recurring financial income | 75 | €5,049 | €320 | -€4,729 | -93.7% |
| Financial charges | 65/66B | €13,253 | €21,180 | +€7,926 | +59.8% |
| Recurring financial charges | 65 | €13,253 | €21,180 | +€7,926 | +59.8% |
| Profit (loss) for the period before taxes | 9903 | -€29,556 | €23,983 | +€53,540 | |
| Income taxes | 67/77 | €116 | €578 | +€462 | +400.2% |
| Profit (loss) for the period | 9904 | -€29,672 | €23,406 | +€53,077 | |
| Profit (loss) for the period to be appropriated | 9905 | -€29,672 | €23,406 | +€53,077 |
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 6 October 2026 via checked.be.