G. JANSSENS: 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.
G. JANSSENS
Largest movements
- Tangible fixed assets +€311,677
up €311,677 (+14.3%), from €2.2m to €2.5m
of which Land and buildings: +€314,519
- Receivables within one year +€35,102
up €35,102 (+479%), from €7,321 to €42,423
of which Other amounts receivable: +€35,102
- Debts after one year +€231,947
up €231,947 (+23.3%), from €997,114 to €1.2m
- Other debts +€75,134
up €75,134 (+9.9%), from €756,060 to €831,194
- Current portion of long-term debt +€33,229
up €33,229 (+34.0%), from €97,731 to €130,959
- Other operating charges +€58,553
up €58,553 (+368%), from €15,925 to €74,478
- Gross operating margin -€20,970
down €20,970 (-9.3%), from €225,360 to €204,390
- Taxes -€20,759
down €20,759 (-99.0%), from €20,972 to €213
- Depreciation +€2,882
up €2,882 (+2.8%), from €102,575 to €105,457
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 | €2,203,326 | €2,543,820 | +€340,494 | +15.5% |
| Fixed assets | 21/28 | €2,184,643 | €2,496,319 | +€311,677 | +14.3% |
| Tangible fixed assets | 22/27 | €2,184,643 | €2,496,319 | +€311,677 | +14.3% |
| Land and buildings | 22 | €2,175,009 | €2,489,528 | +€314,519 | +14.5% |
| Plant, machinery and equipment | 23 | €5,511 | €4,043 | -€1,468 | -26.6% |
| Furniture and vehicles | 24 | €4,122 | €2,748 | -€1,374 | -33.3% |
| Current assets | 29/58 | €18,683 | €47,501 | +€28,817 | +154% |
| Amounts receivable within one year | 40/41 | €7,321 | €42,423 | +€35,102 | +479% |
| Trade receivables | 40 | €5,821 | €5,821 | = | 0.0% |
| Other amounts receivable | 41 | €1,500 | €36,602 | +€35,102 | +2,340% |
| Cash at bank and in hand | 54/58 | €8,995 | €1,920 | -€7,075 | -78.7% |
| Deferred charges and accrued income | 490/1 | €2,367 | €3,158 | +€790 | +33.4% |
| Total equity and liabilities | 10/49 | €2,203,326 | €2,543,820 | +€340,494 | +15.5% |
| Equity | 10/15 | €329,646 | €328,073 | -€1,573 | -0.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €323,446 | €323,446 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €323,446 | €323,446 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€1,573 | -€1,573 | |
| Amounts payable | 17/49 | €1,873,680 | €2,215,747 | +€342,067 | +18.3% |
| Amounts payable after more than one year | 17 | €997,114 | €1,229,061 | +€231,947 | +23.3% |
| Financial debts | 170/4 | €997,114 | €1,229,061 | +€231,947 | +23.3% |
| Amounts payable within one year | 42/48 | €876,566 | €986,686 | +€110,120 | +12.6% |
| Current portion of amounts payable after more than one year | 42 | €97,731 | €130,959 | +€33,229 | +34.0% |
| Trade debts | 44 | €21,803 | €23,560 | +€1,758 | +8.1% |
| Suppliers | 440/4 | €21,803 | €23,560 | +€1,758 | +8.1% |
| Taxes, remuneration and social security | 45 | €972 | €972 | = | 0.0% |
| Taxes | 450/3 | €972 | €972 | = | 0.0% |
| Other amounts payable | 47/48 | €756,060 | €831,194 | +€75,134 | +9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €102,575 | €105,457 | +€2,882 | +2.8% |
| Other operating charges | 640/8 | €15,925 | €74,478 | +€58,553 | +368% |
| Gross operating margin | 9900 | €225,360 | €204,390 | -€20,970 | -9.3% |
| Operating profit (loss) | 9901 | €106,860 | €24,455 | -€82,405 | -77.1% |
| Financial charges | 65/66B | €23,996 | €25,816 | +€1,820 | +7.6% |
| Recurring financial charges | 65 | €23,996 | €25,816 | +€1,820 | +7.6% |
| Profit (loss) for the period before taxes | 9903 | €82,865 | -€1,360 | -€84,225 | |
| Income taxes | 67/77 | €20,972 | €213 | -€20,759 | -99.0% |
| Profit (loss) for the period | 9904 | €61,892 | -€1,573 | -€63,466 | |
| Profit (loss) for the period to be appropriated | 9905 | €61,892 | -€1,573 | -€63,466 |
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 27 October 2026 via checked.be.