Dr. L. JANSSEN: 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. L. JANSSEN
Largest movements
- Receivables within one year +€59,572
up €59,572 (+1,073%), from €5,553 to €65,125
of which Other amounts receivable: +€49,572
- Deferred charges and accrued income +€27,126
up €27,126 (+302%), from €8,988 to €36,114
- Cash -€18,651
down €18,651 (-81.5%), from €22,895 to €4,244
mainly Receivables within one year (-€59,572) and Deferred charges and accrued income (-€27,126)
- Current investments +€13,046
up €13,046 (+3.9%), from €330,549 to €343,596
- Reserves +€76,206
up €76,206 (+20.1%), from €379,831 to €456,037
- Other debts -€9,737
no longer reported in 2025 (was €9,737)
- Tax, wage and social debts +€7,821
up €7,821 (+310%), from €2,526 to €10,347
- Gross operating margin +€45,559
up €45,559 (+65.5%), from €69,542 to €115,101
- Taxes +€10,300
up €10,300 (+57.3%), from €17,969 to €28,269
- Other operating charges +€3,861
up €3,861 (+343%), from €1,124 to €4,985
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 | €405,132 | €481,528 | +€76,396 | +18.9% |
| Fixed assets | 21/28 | €37,147 | €32,449 | -€4,698 | -12.6% |
| Tangible fixed assets | 22/27 | €37,147 | €32,449 | -€4,698 | -12.6% |
| Land and buildings | 22 | €2,107 | €1,053 | -€1,053 | -50.0% |
| Plant, machinery and equipment | 23 | €35,040 | €31,396 | -€3,644 | -10.4% |
| Current assets | 29/58 | €367,985 | €449,079 | +€81,093 | +22.0% |
| Amounts receivable within one year | 40/41 | €5,553 | €65,125 | +€59,572 | +1,073% |
| Trade receivables | 40 | - | €10,000 | +€10,000 | |
| Other amounts receivable | 41 | €5,553 | €55,125 | +€49,572 | +893% |
| Current investments | 50/53 | €330,549 | €343,596 | +€13,046 | +3.9% |
| Cash at bank and in hand | 54/58 | €22,895 | €4,244 | -€18,651 | -81.5% |
| Deferred charges and accrued income | 490/1 | €8,988 | €36,114 | +€27,126 | +302% |
| Total equity and liabilities | 10/49 | €405,132 | €481,528 | +€76,396 | +18.9% |
| Equity | 10/15 | €392,231 | €468,437 | +€76,206 | +19.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €379,831 | €456,037 | +€76,206 | +20.1% |
| Distributable reserves | 133 | €379,831 | €456,037 | +€76,206 | +20.1% |
| Amounts payable | 17/49 | €12,901 | €13,090 | +€189 | +1.5% |
| Amounts payable within one year | 42/48 | €12,901 | €13,090 | +€189 | +1.5% |
| Trade debts | 44 | €638 | €2,744 | +€2,106 | +330% |
| Suppliers | 440/4 | €638 | €2,744 | +€2,106 | +330% |
| Taxes, remuneration and social security | 45 | €2,526 | €10,347 | +€7,821 | +310% |
| Taxes | 450/3 | €2,526 | €10,347 | +€7,821 | +310% |
| Other amounts payable | 47/48 | €9,737 | - | -€9,737 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,086 | €6,996 | +€909 | +14.9% |
| Other operating charges | 640/8 | €1,124 | €4,985 | +€3,861 | +343% |
| Gross operating margin | 9900 | €69,542 | €115,101 | +€45,559 | +65.5% |
| Operating profit (loss) | 9901 | €62,331 | €103,120 | +€40,789 | +65.4% |
| Financial income | 75/76B | €1,476 | €1,496 | +€20 | +1.3% |
| Recurring financial income | 75 | €1,476 | €1,496 | +€20 | +1.3% |
| Financial charges | 65/66B | €149 | €140 | -€9 | -6.0% |
| Recurring financial charges | 65 | €149 | €140 | -€9 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | €63,658 | €104,476 | +€40,818 | +64.1% |
| Income taxes | 67/77 | €17,969 | €28,269 | +€10,300 | +57.3% |
| Profit (loss) for the period | 9904 | €45,689 | €76,206 | +€30,517 | +66.8% |
| Profit (loss) for the period to be appropriated | 9905 | €45,689 | €76,206 | +€30,517 | +66.8% |
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 31 October 2026 via checked.be.