JAN BLANCKAERT: 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 BLANCKAERT
Largest movements
- Stocks and contracts -€1,888
down €1,888 (-10.3%), from €18,401 to €16,513
- Profit (loss) carried forward -€3,985
down €3,985 (-7.9%), from -€50,612 to -€54,597
- Short-term financial debts +€1,684
up €1,684 (+10.0%), from €16,802 to €18,486
- Trade debts +€585
up €585 (+52.4%), from €1,116 to €1,701
- Gross operating margin -€614
down €614, from €464 to -€150
- Other operating charges +€220
up €220 (+42.9%), from €513 to €733
- Financial charges -€215
down €215 (-6.5%), from €3,317 to €3,102
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 | €19,435 | €17,546 | -€1,888 | -9.7% |
| Current assets | 29/58 | €19,435 | €17,546 | -€1,888 | -9.7% |
| Stocks and contracts in progress | 3 | €18,401 | €16,513 | -€1,888 | -10.3% |
| Stocks | 30/36 | €18,401 | €16,513 | -€1,888 | -10.3% |
| Amounts receivable within one year | 40/41 | €814 | €814 | = | 0.0% |
| Trade receivables | 40 | €814 | €814 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €220 | €220 | = | 0.0% |
| Total equity and liabilities | 10/49 | €19,435 | €17,546 | -€1,888 | -9.7% |
| Equity | 10/15 | -€31,117 | -€35,103 | -€3,985 | -12.8% |
| Contributions | 10/11 | €13,634 | €13,634 | = | 0.0% |
| Reserves | 13 | €5,860 | €5,860 | = | 0.0% |
| 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 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,612 | -€54,597 | -€3,985 | -7.9% |
| Amounts payable | 17/49 | €50,552 | €52,649 | +€2,097 | +4.1% |
| Amounts payable within one year | 42/48 | €50,552 | €52,649 | +€2,097 | +4.1% |
| Current portion of amounts payable after more than one year | 42 | €32,479 | €32,462 | -€16 | -0.1% |
| Financial debts | 43 | €16,802 | €18,486 | +€1,684 | +10.0% |
| Credit institutions | 430/8 | €16,802 | €18,486 | +€1,684 | +10.0% |
| Trade debts | 44 | €1,116 | €1,701 | +€585 | +52.4% |
| Suppliers | 440/4 | €1,116 | €1,701 | +€585 | +52.4% |
| Taxes, remuneration and social security | 45 | €156 | - | -€156 | |
| Taxes | 450/3 | €156 | - | -€156 | |
| Other operating charges | 640/8 | €513 | €733 | +€220 | +42.9% |
| Gross operating margin | 9900 | €464 | -€150 | -€614 | |
| Operating profit (loss) | 9901 | -€50 | -€884 | -€834 | -1,673% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,317 | €3,102 | -€215 | -6.5% |
| Recurring financial charges | 65 | €3,317 | €3,102 | -€215 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | -€3,367 | -€3,985 | -€618 | -18.4% |
| Profit (loss) for the period | 9904 | -€3,367 | -€3,985 | -€618 | -18.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,367 | -€3,985 | -€618 | -18.4% |
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 31 October 2026 via checked.be.