DE JAN: 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.
DE JAN
Largest movements
- Cash -€110,042
down €110,042 (-50.1%), from €219,742 to €109,699
mainly Stocks and contracts (-€90,942) and Investment in fixed assets (net) (-€9,637)
- Stocks and contracts +€90,942
up €90,942 (+35.5%), from €256,510 to €347,452
- Receivables within one year +€7,736
up €7,736 (+450.0%), from €1,719 to €9,455
of which Other amounts receivable: +€6,755
- Tax, wage and social debts -€5,748
down €5,748 (-94.8%), from €6,061 to €313
- Write-downs +€6,970
up €6,970, from -€865 to €6,105
- Gross operating margin +€5,412
up €5,412 (+30.0%), from €18,049 to €23,461
- Depreciation +€660
up €660 (+7.4%), from €8,879 to €9,539
- Taxes -€522
down €522 (-100.0%), from €522 to €0
- Financial charges -€345
down €345 (-7.0%), from €4,926 to €4,582
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 | €506,219 | €495,702 | -€10,517 | -2.1% |
| Fixed assets | 21/28 | €28,249 | €28,346 | +€98 | +0.3% |
| Tangible fixed assets | 22/27 | €28,249 | €28,346 | +€98 | +0.3% |
| Land and buildings | 22 | €9,246 | €6,804 | -€2,442 | -26.4% |
| Plant, machinery and equipment | 23 | €19,003 | €21,542 | +€2,540 | +13.4% |
| Current assets | 29/58 | €477,971 | €467,356 | -€10,615 | -2.2% |
| Stocks and contracts in progress | 3 | €256,510 | €347,452 | +€90,942 | +35.5% |
| Stocks | 30/36 | €256,510 | €347,452 | +€90,942 | +35.5% |
| Amounts receivable within one year | 40/41 | €1,719 | €9,455 | +€7,736 | +450.0% |
| Trade receivables | 40 | €531 | €1,513 | +€981 | +184.6% |
| Other amounts receivable | 41 | €1,187 | €7,942 | +€6,755 | +568.8% |
| Cash at bank and in hand | 54/58 | €219,742 | €109,699 | -€110,042 | -50.1% |
| Deferred charges and accrued income | 490/1 | - | €750 | +€750 | |
| Total equity and liabilities | 10/49 | €506,219 | €495,702 | -€10,517 | -2.1% |
| Equity | 10/15 | €439,730 | €439,799 | +€70 | 0.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €192,065 | €192,065 | = | 0.0% |
| Distributable reserves | 133 | €192,065 | €192,065 | = | 0.0% |
| Profit (loss) carried forward | 14 | €229,073 | €229,142 | +€70 | 0.0% |
| Amounts payable | 17/49 | €66,490 | €55,903 | -€10,587 | -15.9% |
| Amounts payable within one year | 42/48 | €61,888 | €52,107 | -€9,781 | -15.8% |
| Trade debts | 44 | €243 | €150 | -€93 | -38.2% |
| Suppliers | 440/4 | €243 | €150 | -€93 | -38.2% |
| Taxes, remuneration and social security | 45 | €6,061 | €313 | -€5,748 | -94.8% |
| Taxes | 450/3 | €6,061 | €313 | -€5,748 | -94.8% |
| Other amounts payable | 47/48 | €55,583 | €51,644 | -€3,939 | -7.1% |
| Accrued charges and deferred income | 492/3 | €4,602 | €3,796 | -€806 | -17.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,879 | €9,539 | +€660 | +7.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€865 | €6,105 | +€6,970 | |
| Other operating charges | 640/8 | €3,085 | €3,189 | +€105 | +3.4% |
| Gross operating margin | 9900 | €18,049 | €23,461 | +€5,412 | +30.0% |
| Operating profit (loss) | 9901 | €6,950 | €4,628 | -€2,322 | -33.4% |
| Financial income | 75/76B | €0 | €24 | +€24 | |
| Recurring financial income | 75 | €0 | €24 | +€24 | |
| Financial charges | 65/66B | €4,926 | €4,582 | -€345 | -7.0% |
| Recurring financial charges | 65 | €4,926 | €4,582 | -€345 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €2,024 | €70 | -€1,954 | -96.5% |
| Income taxes | 67/77 | €522 | €0 | -€522 | -100.0% |
| Profit (loss) for the period | 9904 | €1,502 | €70 | -€1,432 | -95.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,502 | €70 | -€1,432 | -95.4% |
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.