JA.NA: 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.
JA.NA
Largest movements
- Tangible fixed assets +€133,336
up €133,336 (+591.0%), from €22,560 to €155,895
of which Furniture and vehicles: +€127,605
- Cash -€35,567
down €35,567 (-55.7%), from €63,829 to €28,262
mainly Investment in fixed assets (net) (-€168,745) and Trade debts (-€40,817)
- Receivables within one year -€20,190
down €20,190 (-24.2%), from €83,590 to €63,400
of which Trade receivables: -€20,113
- Deferred charges and accrued income +€17,106
up €17,106 (+6282.2%), from €272 to €17,378
- Stocks and contracts -€12,584
down €12,584 (-58.1%), from €21,665 to €9,082
- Debts after one year +€104,160
up €104,160 (+932.5%), from €11,170 to €115,330
- Trade debts -€40,817
down €40,817 (-45.1%), from €90,541 to €49,724
- Reserves +€24,928
up €24,928 (+89.4%), from €27,888 to €52,816
- Tax, wage and social debts -€9,415
down €9,415 (-19.9%), from €47,346 to €37,931
of which Remuneration and social security: -€13,791
- Current portion of long-term debt +€8,752
up €8,752 (+188.4%), from €4,646 to €13,398
- Gross operating margin +€113,934
up €113,934 (+43.2%), from €263,816 to €377,749
- Staff costs +€63,493
up €63,493 (+27.4%), from €231,587 to €295,079
- Depreciation +€26,689
up €26,689 (+306.0%), from €8,721 to €35,410
- Financial charges +€7,931
up €7,931 (+730.3%), from €1,086 to €9,017
- Taxes +€5,882
up €5,882 (+93.2%), from €6,314 to €12,196
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 | €191,916 | €274,017 | +€82,100 | +42.8% |
| Fixed assets | 21/28 | €22,560 | €155,895 | +€133,336 | +591.0% |
| Tangible fixed assets | 22/27 | €22,560 | €155,895 | +€133,336 | +591.0% |
| Plant, machinery and equipment | 23 | €1,191 | €6,922 | +€5,731 | +481.1% |
| Furniture and vehicles | 24 | €21,368 | €148,973 | +€127,605 | +597.2% |
| Current assets | 29/58 | €169,357 | €118,121 | -€51,235 | -30.3% |
| Stocks and contracts in progress | 3 | €21,665 | €9,082 | -€12,584 | -58.1% |
| Stocks | 30/36 | €21,665 | €9,082 | -€12,584 | -58.1% |
| Amounts receivable within one year | 40/41 | €83,590 | €63,400 | -€20,190 | -24.2% |
| Trade receivables | 40 | €83,248 | €63,134 | -€20,113 | -24.2% |
| Other amounts receivable | 41 | €342 | €265 | -€77 | -22.5% |
| Cash at bank and in hand | 54/58 | €63,829 | €28,262 | -€35,567 | -55.7% |
| Deferred charges and accrued income | 490/1 | €272 | €17,378 | +€17,106 | +6282.2% |
| Total equity and liabilities | 10/49 | €191,916 | €274,017 | +€82,100 | +42.8% |
| Equity | 10/15 | €28,888 | €53,816 | +€24,928 | +86.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €27,888 | €52,816 | +€24,928 | +89.4% |
| Distributable reserves | 133 | €27,888 | €52,816 | +€24,928 | +89.4% |
| Amounts payable | 17/49 | €163,028 | €220,200 | +€57,172 | +35.1% |
| Amounts payable after more than one year | 17 | €11,170 | €115,330 | +€104,160 | +932.5% |
| Financial debts | 170/4 | €11,170 | €115,330 | +€104,160 | +932.5% |
| Amounts payable within one year | 42/48 | €151,858 | €104,870 | -€46,988 | -30.9% |
| Current portion of amounts payable after more than one year | 42 | €4,646 | €13,398 | +€8,752 | +188.4% |
| Trade debts | 44 | €90,541 | €49,724 | -€40,817 | -45.1% |
| Suppliers | 440/4 | €90,541 | €49,724 | -€40,817 | -45.1% |
| Taxes, remuneration and social security | 45 | €47,346 | €37,931 | -€9,415 | -19.9% |
| Taxes | 450/3 | €13,742 | €18,117 | +€4,375 | +31.8% |
| Remuneration and social security | 454/9 | €33,604 | €19,813 | -€13,791 | -41.0% |
| Other amounts payable | 47/48 | €9,326 | €3,817 | -€5,508 | -59.1% |
| Non-recurring operating income | 76A | €15,125 | - | -€15,125 | |
| Remuneration, social security and pensions | 62 | €231,587 | €295,079 | +€63,493 | +27.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,721 | €35,410 | +€26,689 | +306.0% |
| Other operating charges | 640/8 | €607 | €1,119 | +€512 | +84.4% |
| Gross operating margin | 9900 | €263,816 | €377,749 | +€113,934 | +43.2% |
| Operating profit (loss) | 9901 | €22,901 | €46,140 | +€23,239 | +101.5% |
| Financial income | 75/76B | €38 | €0 | -€38 | -99.9% |
| Recurring financial income | 75 | €38 | €0 | -€38 | -99.9% |
| Financial charges | 65/66B | €1,086 | €9,017 | +€7,931 | +730.3% |
| Recurring financial charges | 65 | €1,086 | €9,017 | +€7,931 | +730.3% |
| Profit (loss) for the period before taxes | 9903 | €21,853 | €37,124 | +€15,271 | +69.9% |
| Income taxes | 67/77 | €6,314 | €12,196 | +€5,882 | +93.2% |
| Profit (loss) for the period | 9904 | €15,539 | €24,928 | +€9,389 | +60.4% |
| Profit (loss) for the period to be appropriated | 9905 | €15,539 | €24,928 | +€9,389 | +60.4% |
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 5 October 2026 via checked.be.