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
- Tangible fixed assets -€91,069
down €91,069 (-5.8%), from €1.6m to €1.5m
- Current investments +€76,000
new in 2025: €76,000
- Cash -€60,476
down €60,476 (-34.2%), from €176,926 to €116,450
mainly Current investments (-€76,000) and Debts after one year (-€68,143)
- Debts after one year -€68,143
down €68,143 (-15.9%), from €427,635 to €359,492
- Gross operating margin +€16,158
up €16,158 (+11.1%), from €145,192 to €161,350
- Taxes +€5,192
up €5,192 (+84.6%), from €6,138 to €11,331
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 | €1,776,111 | €1,700,153 | -€75,958 | -4.3% |
| Fixed assets | 21/28 | €1,568,968 | €1,477,900 | -€91,069 | -5.8% |
| Tangible fixed assets | 22/27 | €1,568,968 | €1,477,900 | -€91,069 | -5.8% |
| Land and buildings | 22 | €1,568,968 | €1,477,900 | -€91,069 | -5.8% |
| Current assets | 29/58 | €207,143 | €222,253 | +€15,110 | +7.3% |
| Current investments | 50/53 | - | €76,000 | +€76,000 | |
| Cash at bank and in hand | 54/58 | €176,926 | €116,450 | -€60,476 | -34.2% |
| Deferred charges and accrued income | 490/1 | €30,217 | €29,803 | -€414 | -1.4% |
| Total equity and liabilities | 10/49 | €1,776,111 | €1,700,153 | -€75,958 | -4.3% |
| Equity | 10/15 | €1,244,892 | €1,250,937 | +€6,044 | +0.5% |
| Contributions | 10/11 | €1,062,920 | €1,062,920 | = | 0.0% |
| Capital | 10 | €1,062,920 | €1,062,920 | = | 0.0% |
| Issued capital | 100 | €1,062,920 | €1,062,920 | = | 0.0% |
| Reserves | 13 | €181,973 | €188,017 | +€6,044 | +3.3% |
| Non-distributable reserves | 130/1 | €12,557 | €13,892 | +€1,335 | +10.6% |
| Legal reserve | 130 | €12,557 | €13,892 | +€1,335 | +10.6% |
| Distributable reserves | 133 | €169,416 | €174,125 | +€4,709 | +2.8% |
| Amounts payable | 17/49 | €531,219 | €449,216 | -€82,003 | -15.4% |
| Amounts payable after more than one year | 17 | €427,635 | €359,492 | -€68,143 | -15.9% |
| Financial debts | 170/4 | €427,635 | €359,492 | -€68,143 | -15.9% |
| Amounts payable within one year | 42/48 | €103,109 | €87,599 | -€15,509 | -15.0% |
| Current portion of amounts payable after more than one year | 42 | €67,321 | €68,143 | +€823 | +1.2% |
| Trade debts | 44 | €44 | €44 | = | 0.0% |
| Suppliers | 440/4 | €44 | €44 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €138 | €1,176 | +€1,038 | +750.9% |
| Taxes | 450/3 | €138 | €1,176 | +€1,038 | +750.9% |
| Other amounts payable | 47/48 | €35,606 | €18,236 | -€17,370 | -48.8% |
| Accrued charges and deferred income | 492/3 | €475 | €2,125 | +€1,650 | +347.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,069 | €91,069 | = | 0.0% |
| Other operating charges | 640/8 | €28,303 | €29,190 | +€887 | +3.1% |
| Gross operating margin | 9900 | €145,192 | €161,350 | +€16,158 | +11.1% |
| Operating profit (loss) | 9901 | €25,820 | €41,090 | +€15,271 | +59.1% |
| Financial income | 75/76B | - | €515 | +€515 | |
| Recurring financial income | 75 | - | €515 | +€515 | |
| Financial charges | 65/66B | €6,727 | €5,995 | -€732 | -10.9% |
| Recurring financial charges | 65 | €6,727 | €5,995 | -€732 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | €19,093 | €35,611 | +€16,518 | +86.5% |
| Income taxes | 67/77 | €6,138 | €11,331 | +€5,192 | +84.6% |
| Profit (loss) for the period | 9904 | €12,955 | €24,280 | +€11,326 | +87.4% |
| Profit (loss) for the period to be appropriated | 9905 | €12,955 | €24,280 | +€11,326 | +87.4% |
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 12 October 2026 via checked.be.