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 +€256,530
up €256,530 (+749%), from €34,261 to €290,792
of which Other tangible fixed assets: +€231,464
- Cash -€63,284
down €63,284 (-54.3%), from €116,485 to €53,202
mainly Investment in fixed assets (net) (-€271,498) and Deferred charges and accrued income (-€53,606)
- Deferred charges and accrued income +€53,606
up €53,606 (+1,081%), from €4,961 to €58,566
- Receivables within one year +€18,827
up €18,827 (+98.2%), from €19,170 to €37,997
of which Trade receivables: +€14,304
- Debts after one year +€232,429
up €232,429 (+1,647%), from €14,112 to €246,541
- Current portion of long-term debt +€19,734
up €19,734 (+362%), from €5,458 to €25,192
- Reserves +€19,603
up €19,603 (+47.1%), from €41,643 to €61,246
of which Distributable reserves: +€19,603
- Tax, wage and social debts -€13,559
down €13,559 (-43.4%), from €31,249 to €17,690
of which Taxes: -€9,987
- Other debts +€9,975
up €9,975 (+24.6%), from €40,493 to €50,468
- Depreciation +€6,463
up €6,463 (+76.0%), from €8,505 to €14,967
- Financial charges +€4,469
up €4,469 (+111%), from €4,019 to €8,488
- Taxes -€4,200
down €4,200 (-16.8%), from €24,987 to €20,787
- Staff costs +€2,376
up €2,376 (+3.8%), from €62,391 to €64,767
- Gross operating margin +€1,957
up €1,957 (+1.1%), from €179,940 to €181,897
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 | €189,214 | €456,100 | +€266,886 | +141% |
| Fixed assets | 21/28 | €34,261 | €290,792 | +€256,530 | +749% |
| Tangible fixed assets | 22/27 | €34,261 | €290,792 | +€256,530 | +749% |
| Land and buildings | 22 | - | €25,263 | +€25,263 | |
| Plant, machinery and equipment | 23 | €1,530 | €1,135 | -€395 | -25.8% |
| Furniture and vehicles | 24 | €6,882 | €7,082 | +€199 | +2.9% |
| Other tangible fixed assets | 26 | €25,849 | €257,312 | +€231,464 | +895% |
| Current assets | 29/58 | €154,952 | €165,308 | +€10,356 | +6.7% |
| Stocks and contracts in progress | 3 | €14,336 | €15,543 | +€1,207 | +8.4% |
| Contracts in progress | 37 | €14,336 | €15,543 | +€1,207 | +8.4% |
| Amounts receivable within one year | 40/41 | €19,170 | €37,997 | +€18,827 | +98.2% |
| Trade receivables | 40 | €19,045 | €33,349 | +€14,304 | +75.1% |
| Other amounts receivable | 41 | €125 | €4,649 | +€4,523 | +3,617% |
| Cash at bank and in hand | 54/58 | €116,485 | €53,202 | -€63,284 | -54.3% |
| Deferred charges and accrued income | 490/1 | €4,961 | €58,566 | +€53,606 | +1,081% |
| Total equity and liabilities | 10/49 | €189,214 | €456,100 | +€266,886 | +141% |
| Equity | 10/15 | €81,521 | €101,124 | +€19,603 | +24.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €41,643 | €61,246 | +€19,603 | +47.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €39,783 | €59,386 | +€19,603 | +49.3% |
| Profit (loss) carried forward | 14 | €21,279 | €21,279 | = | 0.0% |
| Amounts payable | 17/49 | €107,692 | €354,975 | +€247,283 | +230% |
| Amounts payable after more than one year | 17 | €14,112 | €246,541 | +€232,429 | +1,647% |
| Financial debts | 170/4 | €14,112 | €246,541 | +€232,429 | +1,647% |
| Amounts payable within one year | 42/48 | €93,580 | €107,858 | +€14,278 | +15.3% |
| Current portion of amounts payable after more than one year | 42 | €5,458 | €25,192 | +€19,734 | +362% |
| Trade debts | 44 | €16,381 | €14,508 | -€1,873 | -11.4% |
| Suppliers | 440/4 | €16,381 | €14,508 | -€1,873 | -11.4% |
| Taxes, remuneration and social security | 45 | €31,249 | €17,690 | -€13,559 | -43.4% |
| Taxes | 450/3 | €19,147 | €9,160 | -€9,987 | -52.2% |
| Remuneration and social security | 454/9 | €12,102 | €8,530 | -€3,571 | -29.5% |
| Other amounts payable | 47/48 | €40,493 | €50,468 | +€9,975 | +24.6% |
| Accrued charges and deferred income | 492/3 | - | €577 | +€577 | |
| Remuneration, social security and pensions | 62 | €62,391 | €64,767 | +€2,376 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,505 | €14,967 | +€6,463 | +76.0% |
| Other operating charges | 640/8 | €2,767 | €3,328 | +€561 | +20.3% |
| Gross operating margin | 9900 | €179,940 | €181,897 | +€1,957 | +1.1% |
| Operating profit (loss) | 9901 | €106,278 | €98,836 | -€7,443 | -7.0% |
| Financial income | 75/76B | €10 | €42 | +€32 | +307% |
| Recurring financial income | 75 | €10 | €42 | +€32 | +307% |
| Financial charges | 65/66B | €4,019 | €8,488 | +€4,469 | +111% |
| Recurring financial charges | 65 | €4,019 | €8,488 | +€4,469 | +111% |
| Profit (loss) for the period before taxes | 9903 | €102,269 | €90,390 | -€11,880 | -11.6% |
| Income taxes | 67/77 | €24,987 | €20,787 | -€4,200 | -16.8% |
| Profit (loss) for the period | 9904 | €77,283 | €69,603 | -€7,679 | -9.9% |
| Profit (loss) for the period to be appropriated | 9905 | €77,283 | €69,603 | -€7,679 | -9.9% |
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 26 October 2026 via checked.be.