VJNC: 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.
VJNC
Largest movements
- Cash +€57,700
up €57,700 (+101%), from €57,092 to €114,793
mainly Net result for the year (+€53,157) and Tax, wage and social debts (+€3,985)
- Receivables within one year +€1,297
up €1,297 (+12.6%), from €10,285 to €11,582
of which Trade receivables: +€1,288
- Reserves +€53,157
up €53,157 (+112%), from €47,646 to €100,803
- Tax, wage and social debts +€3,985
up €3,985 (+20.7%), from €19,243 to €23,228
of which Remuneration and social security: +€2,153
- Gross operating margin +€6,172
up €6,172 (+10.0%), from €61,935 to €68,107
- Taxes +€1,118
up €1,118 (+8.8%), from €12,705 to €13,822
- Financial charges -€1,085
down €1,085 (-89.5%), from €1,212 to €127
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 | €70,731 | €129,184 | +€58,453 | +82.6% |
| Fixed assets | 21/28 | €2,035 | €1,405 | -€630 | -31.0% |
| Tangible fixed assets | 22/27 | €2,035 | €1,405 | -€630 | -31.0% |
| Plant, machinery and equipment | 23 | €1,271 | €1,012 | -€259 | -20.4% |
| Furniture and vehicles | 24 | €764 | €393 | -€371 | -48.5% |
| Current assets | 29/58 | €68,697 | €127,780 | +€59,083 | +86.0% |
| Amounts receivable within one year | 40/41 | €10,285 | €11,582 | +€1,297 | +12.6% |
| Trade receivables | 40 | €10,285 | €11,573 | +€1,288 | +12.5% |
| Other amounts receivable | 41 | - | €9 | +€9 | |
| Cash at bank and in hand | 54/58 | €57,092 | €114,793 | +€57,700 | +101% |
| Deferred charges and accrued income | 490/1 | €1,319 | €1,405 | +€86 | +6.5% |
| Total equity and liabilities | 10/49 | €70,731 | €129,184 | +€58,453 | +82.6% |
| Equity | 10/15 | €50,646 | €103,803 | +€53,157 | +105% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €47,646 | €100,803 | +€53,157 | +112% |
| Distributable reserves | 133 | €47,646 | €100,803 | +€53,157 | +112% |
| Amounts payable | 17/49 | €20,086 | €25,381 | +€5,296 | +26.4% |
| Amounts payable within one year | 42/48 | €20,086 | €25,110 | +€5,024 | +25.0% |
| Trade debts | 44 | €687 | €1,727 | +€1,039 | +151% |
| Suppliers | 440/4 | €687 | €1,727 | +€1,039 | +151% |
| Taxes, remuneration and social security | 45 | €19,243 | €23,228 | +€3,985 | +20.7% |
| Taxes | 450/3 | €19,243 | €21,075 | +€1,831 | +9.5% |
| Remuneration and social security | 454/9 | - | €2,153 | +€2,153 | |
| Other amounts payable | 47/48 | €155 | €155 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €272 | +€272 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €373 | €630 | +€257 | +68.7% |
| Other operating charges | 640/8 | - | €370 | +€370 | |
| Gross operating margin | 9900 | €61,935 | €68,107 | +€6,172 | +10.0% |
| Operating profit (loss) | 9901 | €61,562 | €67,107 | +€5,545 | +9.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,212 | €127 | -€1,085 | -89.5% |
| Recurring financial charges | 65 | €1,212 | €127 | -€1,085 | -89.5% |
| Profit (loss) for the period before taxes | 9903 | €60,350 | €66,980 | +€6,630 | +11.0% |
| Income taxes | 67/77 | €12,705 | €13,822 | +€1,118 | +8.8% |
| Profit (loss) for the period | 9904 | €47,646 | €53,157 | +€5,512 | +11.6% |
| Profit (loss) for the period to be appropriated | 9905 | €47,646 | €53,157 | +€5,512 | +11.6% |
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.