JAN CLAEYS: 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 CLAEYS
Largest movements
- Current investments -€226,010
down €226,010 (-24.1%), from €936,126 to €710,116
- Tangible fixed assets +€209,438
up €209,438 (+506%), from €41,356 to €250,794
of which Land and buildings: +€210,328
- Cash +€38,474
up €38,474 (+141%), from €27,266 to €65,741
mainly Current investments (+€226,010) and Net result for the year (+€52,524)
- Receivables within one year +€17,606
up €17,606 (+61.5%), from €28,617 to €46,223
- Reserves +€52,524
up €52,524 (+8.1%), from €646,309 to €698,833
- Accrued charges and deferred income -€48,430
down €48,430 (-81.7%), from €59,262 to €10,832
- Other debts +€30,486
up €30,486 (+22.8%), from €133,847 to €164,333
- Gross operating margin +€15,442
up €15,442 (+21.4%), from €72,138 to €87,580
- Financial income +€3,648
up €3,648 (+47.3%), from €7,720 to €11,368
- Depreciation +€2,940
up €2,940 (+32.3%), from €9,116 to €12,056
- Financial charges +€2,696
up €2,696 (+29.2%), from €9,229 to €11,925
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 | €1,034,483 | €1,072,874 | +€38,391 | +3.7% |
| Fixed assets | 21/28 | €41,356 | €250,794 | +€209,438 | +506% |
| Tangible fixed assets | 22/27 | €41,356 | €250,794 | +€209,438 | +506% |
| Land and buildings | 22 | €21,945 | €232,273 | +€210,328 | +958% |
| Plant, machinery and equipment | 23 | €17,911 | €15,565 | -€2,346 | -13.1% |
| Furniture and vehicles | 24 | €1,500 | €2,956 | +€1,456 | +97.1% |
| Current assets | 29/58 | €993,128 | €822,080 | -€171,048 | -17.2% |
| Amounts receivable within one year | 40/41 | €28,617 | €46,223 | +€17,606 | +61.5% |
| Other amounts receivable | 41 | €28,617 | €46,223 | +€17,606 | +61.5% |
| Current investments | 50/53 | €936,126 | €710,116 | -€226,010 | -24.1% |
| Cash at bank and in hand | 54/58 | €27,266 | €65,741 | +€38,474 | +141% |
| Deferred charges and accrued income | 490/1 | €1,118 | - | -€1,118 | |
| Total equity and liabilities | 10/49 | €1,034,483 | €1,072,874 | +€38,391 | +3.7% |
| Equity | 10/15 | €839,374 | €891,899 | +€52,524 | +6.3% |
| Contributions | 10/11 | €192,900 | €192,900 | = | 0.0% |
| Contributions outside capital | 11 | €192,900 | €192,900 | = | 0.0% |
| Share premium | 1100/10 | €192,900 | €192,900 | = | 0.0% |
| Reserves | 13 | €646,309 | €698,833 | +€52,524 | +8.1% |
| Distributable reserves | 133 | €646,309 | €698,833 | +€52,524 | +8.1% |
| Profit (loss) carried forward | 14 | €166 | €166 | = | 0.0% |
| Amounts payable | 17/49 | €195,109 | €180,975 | -€14,134 | -7.2% |
| Amounts payable within one year | 42/48 | €135,847 | €170,144 | +€34,296 | +25.2% |
| Current portion of amounts payable after more than one year | 42 | €1,850 | €1,398 | -€452 | -24.4% |
| Trade debts | 44 | €150 | €4,413 | +€4,263 | +2,842% |
| Suppliers | 440/4 | €150 | €4,413 | +€4,263 | +2,842% |
| Other amounts payable | 47/48 | €133,847 | €164,333 | +€30,486 | +22.8% |
| Accrued charges and deferred income | 492/3 | €59,262 | €10,832 | -€48,430 | -81.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,116 | €12,056 | +€2,940 | +32.3% |
| Other operating charges | 640/8 | €615 | €627 | +€12 | +1.9% |
| Gross operating margin | 9900 | €72,138 | €87,580 | +€15,442 | +21.4% |
| Operating profit (loss) | 9901 | €62,408 | €74,898 | +€12,490 | +20.0% |
| Financial income | 75/76B | €7,720 | €11,368 | +€3,648 | +47.3% |
| Recurring financial income | 75 | €7,720 | €11,368 | +€3,648 | +47.3% |
| Financial charges | 65/66B | €9,229 | €11,925 | +€2,696 | +29.2% |
| Recurring financial charges | 65 | €9,229 | €11,925 | +€2,696 | +29.2% |
| Profit (loss) for the period before taxes | 9903 | €60,899 | €74,341 | +€13,442 | +22.1% |
| Income taxes | 67/77 | €21,030 | €21,816 | +€787 | +3.7% |
| Profit (loss) for the period | 9904 | €39,869 | €52,524 | +€12,655 | +31.7% |
| Profit (loss) for the period to be appropriated | 9905 | €39,869 | €52,524 | +€12,655 | +31.7% |
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 15 October 2026 via checked.be.