JAN BAETEN: 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.
JAN BAETEN
Largest movements
- Tangible fixed assets -€11,398
down €11,398 (-37.0%), from €30,785 to €19,386
of which Furniture and vehicles: -€11,335
- Cash -€1,976
down €1,976 (-47.8%), from €4,139 to €2,163
mainly Other debts (-€16,195) and Trade debts (-€201)
- Other debts -€16,195
down €16,195 (-29.4%), from €55,079 to €38,884
- Profit (loss) carried forward +€1,340
up €1,340 (+0.9%), from -€156,132 to -€154,792
- Tax, wage and social debts +€1,267
up €1,267 (+246%), from €515 to €1,782
- Gross operating margin +€12,032
up €12,032 (+1,047%), from €1,149 to €13,180
- Depreciation +€2,805
up €2,805 (+36.8%), from €7,617 to €10,422
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 | €36,470 | €22,696 | -€13,774 | -37.8% |
| Fixed assets | 21/28 | €30,785 | €19,386 | -€11,398 | -37.0% |
| Tangible fixed assets | 22/27 | €30,785 | €19,386 | -€11,398 | -37.0% |
| Plant, machinery and equipment | 23 | €314 | €251 | -€63 | -20.2% |
| Furniture and vehicles | 24 | €30,470 | €19,135 | -€11,335 | -37.2% |
| Current assets | 29/58 | €5,685 | €3,310 | -€2,375 | -41.8% |
| Amounts receivable within one year | 40/41 | €271 | - | -€271 | |
| Trade receivables | 40 | €260 | - | -€260 | |
| Other amounts receivable | 41 | €11 | - | -€11 | |
| Cash at bank and in hand | 54/58 | €4,139 | €2,163 | -€1,976 | -47.8% |
| Deferred charges and accrued income | 490/1 | €1,275 | €1,147 | -€128 | -10.1% |
| Total equity and liabilities | 10/49 | €36,470 | €22,696 | -€13,774 | -37.8% |
| Equity | 10/15 | -€19,790 | -€18,450 | +€1,340 | +6.8% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €12,395 | €12,395 | = | 0.0% |
| Distributable reserves | 133 | €12,395 | €12,395 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€156,132 | -€154,792 | +€1,340 | +0.9% |
| Amounts payable | 17/49 | €56,260 | €41,146 | -€15,113 | -26.9% |
| Amounts payable within one year | 42/48 | €55,875 | €40,747 | -€15,129 | -27.1% |
| Trade debts | 44 | €281 | €80 | -€201 | -71.4% |
| Suppliers | 440/4 | €281 | €80 | -€201 | -71.4% |
| Taxes, remuneration and social security | 45 | €515 | €1,782 | +€1,267 | +246% |
| Taxes | 450/3 | €515 | €1,782 | +€1,267 | +246% |
| Other amounts payable | 47/48 | €55,079 | €38,884 | -€16,195 | -29.4% |
| Accrued charges and deferred income | 492/3 | €384 | €400 | +€15 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,617 | €10,422 | +€2,805 | +36.8% |
| Other operating charges | 640/8 | €446 | €465 | +€18 | +4.1% |
| Non-recurring operating charges | 66A | - | €615 | +€615 | |
| Gross operating margin | 9900 | €1,149 | €13,180 | +€12,032 | +1,047% |
| Operating profit (loss) | 9901 | -€6,915 | €1,678 | +€8,593 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Profit (loss) for the period before taxes | 9903 | -€6,915 | €1,678 | +€8,593 | |
| Income taxes | 67/77 | €251 | €339 | +€88 | +35.0% |
| Profit (loss) for the period | 9904 | -€7,166 | €1,340 | +€8,505 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,166 | €1,340 | +€8,505 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.