JAN B: 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.
JAN B
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Profit (loss) carried forward +€234,412
up €234,412 (+13.3%), from €1.8m to €2.0m
- Current portion of long-term debt -€144,683
down €144,683 (-23.2%), from €624,003 to €479,319
- Other debts +€80,007
up €80,007 (+65.4%), from €122,283 to €202,290
- Reserves -€61,452
down €61,452 (-5.1%), from €1.2m to €1.2m
of which Tax-exempt reserves: -€61,452
- Debts after one year -€50,000
down €50,000 (-7.7%), from €650,000 to €600,000
- Gross operating margin -€119,850
down €119,850 (-21.2%), from €564,381 to €444,531
- Taxes -€28,725
down €28,725 (-55.3%), from €51,985 to €23,260
- Financial charges -€19,942
down €19,942 (-25.7%), from €77,466 to €57,524
- Depreciation +€9,084
up €9,084 (+5.1%), from €178,928 to €188,012
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 | €4,961,574 | €4,972,515 | +€10,942 | +0.2% |
| Fixed assets | 21/28 | €4,898,108 | €4,888,015 | -€10,093 | -0.2% |
| Tangible fixed assets | 22/27 | €4,898,108 | €4,888,015 | -€10,093 | -0.2% |
| Land and buildings | 22 | €4,247,609 | €4,263,696 | +€16,087 | +0.4% |
| Leasing and similar rights | 25 | €650,499 | €624,319 | -€26,180 | -4.0% |
| Current assets | 29/58 | €63,466 | €84,500 | +€21,034 | +33.1% |
| Amounts receivable within one year | 40/41 | €28,000 | €46,983 | +€18,983 | +67.8% |
| Other amounts receivable | 41 | €28,000 | €46,983 | +€18,983 | +67.8% |
| Cash at bank and in hand | 54/58 | €25,160 | €33,119 | +€7,959 | +31.6% |
| Deferred charges and accrued income | 490/1 | €10,306 | €4,398 | -€5,908 | -57.3% |
| Total equity and liabilities | 10/49 | €4,961,574 | €4,972,515 | +€10,942 | +0.2% |
| Equity | 10/15 | €3,039,334 | €3,212,293 | +€172,960 | +5.7% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €1,215,720 | €1,154,268 | -€61,452 | -5.1% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,209,523 | €1,148,071 | -€61,452 | -5.1% |
| Profit (loss) carried forward | 14 | €1,761,640 | €1,996,052 | +€234,412 | +13.3% |
| Provisions and deferred taxes | 16 | €403,174 | €382,690 | -€20,484 | -5.1% |
| Deferred taxes | 168 | €403,174 | €382,690 | -€20,484 | -5.1% |
| Amounts payable | 17/49 | €1,519,066 | €1,377,532 | -€141,534 | -9.3% |
| Amounts payable after more than one year | 17 | €650,000 | €600,000 | -€50,000 | -7.7% |
| Financial debts | 170/4 | €650,000 | €600,000 | -€50,000 | -7.7% |
| Amounts payable within one year | 42/48 | €869,066 | €777,532 | -€91,534 | -10.5% |
| Current portion of amounts payable after more than one year | 42 | €624,003 | €479,319 | -€144,683 | -23.2% |
| Financial debts | 43 | €79,708 | €58,370 | -€21,337 | -26.8% |
| Credit institutions | 430/8 | €79,708 | €58,370 | -€21,337 | -26.8% |
| Trade debts | 44 | €21,473 | €29,211 | +€7,738 | +36.0% |
| Suppliers | 440/4 | €21,473 | €29,211 | +€7,738 | +36.0% |
| Taxes, remuneration and social security | 45 | €21,600 | €8,342 | -€13,258 | -61.4% |
| Taxes | 450/3 | €19,635 | €6,377 | -€13,258 | -67.5% |
| Remuneration and social security | 454/9 | €1,965 | €1,965 | = | 0.0% |
| Other amounts payable | 47/48 | €122,283 | €202,290 | +€80,007 | +65.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €178,928 | €188,012 | +€9,084 | +5.1% |
| Other operating charges | 640/8 | €21,936 | €23,260 | +€1,324 | +6.0% |
| Gross operating margin | 9900 | €564,381 | €444,531 | -€119,850 | -21.2% |
| Operating profit (loss) | 9901 | €363,518 | €233,259 | -€130,258 | -35.8% |
| Financial charges | 65/66B | €77,466 | €57,524 | -€19,942 | -25.7% |
| Recurring financial charges | 65 | €77,466 | €57,524 | -€19,942 | -25.7% |
| Profit (loss) for the period before taxes | 9903 | €286,051 | €175,735 | -€110,316 | -38.6% |
| Transfer from deferred taxes | 780 | €20,484 | €20,484 | = | 0.0% |
| Income taxes | 67/77 | €51,985 | €23,260 | -€28,725 | -55.3% |
| Profit (loss) for the period | 9904 | €254,550 | €172,960 | -€81,591 | -32.1% |
| Transfer from tax-exempt reserves | 789 | €61,452 | €61,452 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €316,002 | €234,412 | -€81,591 | -25.8% |
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 6 October 2026 via checked.be.