JAAN: 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.
JAAN
Largest movements
- Financial fixed assets +€3.2m
up €3.2m (+34.9%), from €9.1m to €12.2m
- Cash -€1.3m
down €1.3m (-20.3%), from €6.4m to €5.1m
mainly Investment in fixed assets (net) (-€3.2m) and Current investments (-€890,465)
- Current investments +€890,465
new in 2025: €890,465
- Reserves +€1.5m
up €1.5m (+10.5%), from €14.1m to €15.6m
- Debts after one year +€1.3m
new in 2025: €1.3m
- Financial income -€1.4m
down €1.4m (-44.9%), from €3.1m to €1.7m
- Taxes +€23,587
up €23,587 (+18.9%), from €124,674 to €148,261
- Financial charges +€12,081
up €12,081 (+54.2%), from €22,306 to €34,387
- Gross operating margin -€9,426
down €9,426 (-76.1%), from -€12,387 to -€21,814
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 | €15,463,816 | €18,338,689 | +€2.9m | +18.6% |
| Fixed assets | 21/28 | €9,058,558 | €12,220,366 | +€3.2m | +34.9% |
| Financial fixed assets | 28 | €9,058,558 | €12,220,366 | +€3.2m | +34.9% |
| Current assets | 29/58 | €6,405,258 | €6,118,323 | -€286,935 | -4.5% |
| Amounts receivable within one year | 40/41 | - | €121,850 | +€121,850 | |
| Other amounts receivable | 41 | - | €121,850 | +€121,850 | |
| Current investments | 50/53 | - | €890,465 | +€890,465 | |
| Cash at bank and in hand | 54/58 | €6,405,258 | €5,106,008 | -€1.3m | -20.3% |
| Total equity and liabilities | 10/49 | €15,463,816 | €18,338,689 | +€2.9m | +18.6% |
| Equity | 10/15 | €15,350,420 | €16,833,031 | +€1.5m | +9.7% |
| Contributions | 10/11 | €1,210,000 | €1,210,000 | = | 0.0% |
| Reserves | 13 | €14,140,420 | €15,623,031 | +€1.5m | +10.5% |
| Distributable reserves | 133 | €14,140,420 | €15,623,031 | +€1.5m | +10.5% |
| Amounts payable | 17/49 | €113,396 | €1,505,657 | +€1.4m | +1,228% |
| Amounts payable after more than one year | 17 | - | €1,250,000 | +€1.3m | |
| Financial debts | 170/4 | - | €1,250,000 | +€1.3m | |
| Amounts payable within one year | 42/48 | €113,396 | €255,657 | +€142,261 | +125% |
| Taxes, remuneration and social security | 45 | €107,396 | €255,657 | +€148,261 | +138% |
| Taxes | 450/3 | €107,396 | €255,657 | +€148,261 | +138% |
| Other amounts payable | 47/48 | €6,000 | - | -€6,000 | |
| Gross operating margin | 9900 | -€12,387 | -€21,814 | -€9,426 | -76.1% |
| Operating profit (loss) | 9901 | -€12,387 | -€21,814 | -€9,426 | -76.1% |
| Financial income | 75/76B | €3,059,292 | €1,687,073 | -€1.4m | -44.9% |
| Recurring financial income | 75 | €3,059,292 | €1,687,073 | -€1.4m | -44.9% |
| Financial charges | 65/66B | €22,306 | €34,387 | +€12,081 | +54.2% |
| Recurring financial charges | 65 | €22,306 | €34,387 | +€12,081 | +54.2% |
| Profit (loss) for the period before taxes | 9903 | €3,024,599 | €1,630,873 | -€1.4m | -46.1% |
| Income taxes | 67/77 | €124,674 | €148,261 | +€23,587 | +18.9% |
| Profit (loss) for the period | 9904 | €2,899,925 | €1,482,612 | -€1.4m | -48.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,899,925 | €1,482,612 | -€1.4m | -48.9% |
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 19 October 2026 via checked.be.