Dr. Janne BILLION: 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.
Dr. Janne BILLION
Largest movements
- Cash +€79,613
up €79,613 (+158%), from €50,267 to €129,880
mainly Net result for the year (+€79,021) and Depreciation (+€1,605)
- Tangible fixed assets -€1,605
down €1,605 (-40.8%), from €3,931 to €2,326
- Profit (loss) carried forward +€79,021
up €79,021 (+145%), from €54,333 to €133,354
- Trade debts +€1,495
up €1,495 (+165%), from €905 to €2,400
- Other debts -€1,474
down €1,474 (-55.4%), from €2,663 to €1,189
- Gross operating margin +€47,036
up €47,036 (+83.0%), from €56,686 to €103,721
- Taxes +€10,187
up €10,187 (+93.9%), from €10,852 to €21,038
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 | €62,842 | €140,481 | +€77,639 | +124% |
| Fixed assets | 21/28 | €3,931 | €2,326 | -€1,605 | -40.8% |
| Tangible fixed assets | 22/27 | €3,931 | €2,326 | -€1,605 | -40.8% |
| Plant, machinery and equipment | 23 | €3,931 | €2,326 | -€1,605 | -40.8% |
| Current assets | 29/58 | €58,911 | €138,155 | +€79,244 | +135% |
| Cash at bank and in hand | 54/58 | €50,267 | €129,880 | +€79,613 | +158% |
| Deferred charges and accrued income | 490/1 | €8,644 | €8,275 | -€368 | -4.3% |
| Total equity and liabilities | 10/49 | €62,842 | €140,481 | +€77,639 | +124% |
| Equity | 10/15 | €56,833 | €135,854 | +€79,021 | +139% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,333 | €133,354 | +€79,021 | +145% |
| Amounts payable | 17/49 | €6,008 | €4,627 | -€1,382 | -23.0% |
| Amounts payable within one year | 42/48 | €4,919 | €4,627 | -€293 | -5.9% |
| Trade debts | 44 | €905 | €2,400 | +€1,495 | +165% |
| Suppliers | 440/4 | €905 | €2,400 | +€1,495 | +165% |
| Taxes, remuneration and social security | 45 | €1,352 | €1,038 | -€313 | -23.2% |
| Taxes | 450/3 | €1,352 | €1,038 | -€313 | -23.2% |
| Other amounts payable | 47/48 | €2,663 | €1,189 | -€1,474 | -55.4% |
| Accrued charges and deferred income | 492/3 | €1,089 | - | -€1,089 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,265 | €1,605 | +€340 | +26.9% |
| Other operating charges | 640/8 | €841 | €841 | +€0 | +0.1% |
| Gross operating margin | 9900 | €56,686 | €103,721 | +€47,036 | +83.0% |
| Operating profit (loss) | 9901 | €54,580 | €101,275 | +€46,695 | +85.6% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €1,513 | €1,216 | -€297 | -19.6% |
| Recurring financial charges | 65 | €1,513 | €1,216 | -€297 | -19.6% |
| Profit (loss) for the period before taxes | 9903 | €53,068 | €100,059 | +€46,991 | +88.5% |
| Income taxes | 67/77 | €10,852 | €21,038 | +€10,187 | +93.9% |
| Profit (loss) for the period | 9904 | €42,216 | €79,021 | +€36,805 | +87.2% |
| Profit (loss) for the period to be appropriated | 9905 | €42,216 | €79,021 | +€36,805 | +87.2% |
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 26 October 2026 via checked.be.