JAN DE CALUWE: 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 DE CALUWE
Largest movements
- Receivables within one year +€30,131
up €30,131 (+3.4%), from €881,262 to €911,393
of which Trade receivables: +€40,502
- Tangible fixed assets -€14,752
down €14,752 (-6.2%), from €238,487 to €223,735
of which Land and buildings: -€12,353
- Deferred charges and accrued income -€12,493
down €12,493 (-79.7%), from €15,673 to €3,180
- Reserves +€49,392
up €49,392 (+5.0%), from €993,995 to €1.0m
of which Distributable reserves: +€49,392
- Trade debts -€43,207
down €43,207 (-83.6%), from €51,683 to €8,476
- Gross operating margin -€28,257
down €28,257 (-17.3%), from €163,436 to €135,179
- Purchases and services +€16,388
up €16,388 (+11.6%), from €141,250 to €157,638
- Turnover -€10,607
down €10,607 (-4.6%), from €232,470 to €221,863
- Taxes -€3,664
down €3,664 (-16.4%), from €22,370 to €18,706
- Financial charges +€2,608
up €2,608 (+77.0%), from €3,388 to €5,996
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,135,422 | €1,138,308 | +€2,886 | +0.3% |
| Fixed assets | 21/28 | €238,487 | €223,735 | -€14,752 | -6.2% |
| Tangible fixed assets | 22/27 | €238,487 | €223,735 | -€14,752 | -6.2% |
| Land and buildings | 22 | €232,980 | €220,627 | -€12,353 | -5.3% |
| Plant, machinery and equipment | 23 | €2,536 | €1,229 | -€1,307 | -51.5% |
| Furniture and vehicles | 24 | €1,397 | €699 | -€698 | -50.0% |
| Other tangible fixed assets | 26 | €1,574 | €1,180 | -€394 | -25.0% |
| Current assets | 29/58 | €896,935 | €914,573 | +€17,638 | +2.0% |
| Amounts receivable within one year | 40/41 | €881,262 | €911,393 | +€30,131 | +3.4% |
| Trade receivables | 40 | €82,682 | €123,184 | +€40,502 | +49.0% |
| Other amounts receivable | 41 | €798,580 | €788,209 | -€10,371 | -1.3% |
| Deferred charges and accrued income | 490/1 | €15,673 | €3,180 | -€12,493 | -79.7% |
| Total equity and liabilities | 10/49 | €1,135,422 | €1,138,308 | +€2,886 | +0.3% |
| Equity | 10/15 | €1,007,909 | €1,057,301 | +€49,392 | +4.9% |
| Contributions | 10/11 | €22,310 | €22,310 | = | 0.0% |
| Reserves | 13 | €993,995 | €1,043,387 | +€49,392 | +5.0% |
| Non-distributable reserves | 130/1 | €2,231 | €2,231 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,231 | €2,231 | = | 0.0% |
| Distributable reserves | 133 | €991,764 | €1,041,156 | +€49,392 | +5.0% |
| Profit (loss) carried forward | 14 | -€8,396 | -€8,396 | = | 0.0% |
| Provisions and deferred taxes | 16 | €5,290 | €5,290 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €5,290 | €5,290 | = | 0.0% |
| Pensions and similar obligations | 160 | €5,290 | €5,290 | = | 0.0% |
| Amounts payable | 17/49 | €122,223 | €75,717 | -€46,506 | -38.1% |
| Amounts payable within one year | 42/48 | €122,223 | €75,717 | -€46,506 | -38.1% |
| Financial debts | 43 | €28,600 | €24,069 | -€4,531 | -15.8% |
| Credit institutions | 430/8 | €28,600 | €24,069 | -€4,531 | -15.8% |
| Trade debts | 44 | €51,683 | €8,476 | -€43,207 | -83.6% |
| Suppliers | 440/4 | €51,683 | €8,476 | -€43,207 | -83.6% |
| Taxes, remuneration and social security | 45 | €41,940 | €43,172 | +€1,232 | +2.9% |
| Taxes | 450/3 | €41,940 | €43,172 | +€1,232 | +2.9% |
| Turnover | 70 | €232,470 | €221,863 | -€10,607 | -4.6% |
| Non-recurring operating income | 76A | €81 | €81 | = | 0.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €141,250 | €157,638 | +€16,388 | +11.6% |
| Remuneration, social security and pensions | 62 | €42,391 | €40,901 | -€1,490 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,089 | €14,752 | -€337 | -2.2% |
| Other operating charges | 640/8 | €3,923 | €5,432 | +€1,509 | +38.5% |
| Gross operating margin | 9900 | €163,436 | €135,179 | -€28,257 | -17.3% |
| Operating profit (loss) | 9901 | €102,033 | €74,094 | -€27,939 | -27.4% |
| Financial charges | 65/66B | €3,388 | €5,996 | +€2,608 | +77.0% |
| Recurring financial charges | 65 | €3,388 | €5,996 | +€2,608 | +77.0% |
| Profit (loss) for the period before taxes | 9903 | €98,645 | €68,098 | -€30,547 | -31.0% |
| Income taxes | 67/77 | €22,370 | €18,706 | -€3,664 | -16.4% |
| Profit (loss) for the period | 9904 | €76,275 | €49,392 | -€26,883 | -35.2% |
| Profit (loss) for the period to be appropriated | 9905 | €76,275 | €49,392 | -€26,883 | -35.2% |
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.