JAN DE WACKER: 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 DE WACKER
Largest movements
- Cash -€104,308
down €104,308 (-28.2%), from €369,720 to €265,411
mainly Receivables within one year (-€100,147) and Tax, wage and social debts (-€74,452)
- Receivables within one year +€100,147
up €100,147 (+136.4%), from €73,430 to €173,577
of which Other amounts receivable: +€64,940
- Reserves +€76,247
up €76,247 (+10.0%), from €764,011 to €840,258
of which Distributable reserves: +€76,247
- Tax, wage and social debts -€74,452
down €74,452 (-97.3%), from €76,518 to €2,066
of which Taxes: -€72,555
- Other debts -€9,561
down €9,561 (-95.4%), from €10,025 to €464
- Gross operating margin -€293,459
down €293,459 (-67.0%), from €438,194 to €144,735
- Taxes -€97,553
down €97,553 (-71.4%), from €136,556 to €39,002
- Financial income +€4,461
up €4,461 (+56.1%), from €7,951 to €12,412
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 | €920,266 | €913,436 | -€6,830 | -0.7% |
| Fixed assets | 21/28 | €236,366 | €236,205 | -€161 | -0.1% |
| Tangible fixed assets | 22/27 | €25,657 | €25,496 | -€161 | -0.6% |
| Land and buildings | 22 | - | €4,969 | +€4,969 | |
| Plant, machinery and equipment | 23 | €1,744 | €807 | -€937 | -53.7% |
| Furniture and vehicles | 24 | €4,318 | €2,788 | -€1,530 | -35.4% |
| Other tangible fixed assets | 26 | €19,595 | €16,932 | -€2,663 | -13.6% |
| Financial fixed assets | 28 | €210,710 | €210,710 | = | 0.0% |
| Current assets | 29/58 | €683,900 | €677,231 | -€6,669 | -1.0% |
| Amounts receivable after more than one year | 29 | €234,288 | €231,657 | -€2,630 | -1.1% |
| Other amounts receivable | 291 | €234,288 | €231,657 | -€2,630 | -1.1% |
| Amounts receivable within one year | 40/41 | €73,430 | €173,577 | +€100,147 | +136.4% |
| Trade receivables | 40 | €25,105 | €60,312 | +€35,207 | +140.2% |
| Other amounts receivable | 41 | €48,325 | €113,265 | +€64,940 | +134.4% |
| Cash at bank and in hand | 54/58 | €369,720 | €265,411 | -€104,308 | -28.2% |
| Deferred charges and accrued income | 490/1 | €6,463 | €6,586 | +€123 | +1.9% |
| Total equity and liabilities | 10/49 | €920,266 | €913,436 | -€6,830 | -0.7% |
| Equity | 10/15 | €826,011 | €902,258 | +€76,247 | +9.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €764,011 | €840,258 | +€76,247 | +10.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €757,811 | €834,058 | +€76,247 | +10.1% |
| Amounts payable | 17/49 | €94,255 | €11,178 | -€83,076 | -88.1% |
| Amounts payable within one year | 42/48 | €94,255 | €11,178 | -€83,076 | -88.1% |
| Trade debts | 44 | €7,711 | €8,648 | +€936 | +12.1% |
| Suppliers | 440/4 | €7,711 | €8,648 | +€936 | +12.1% |
| Taxes, remuneration and social security | 45 | €76,518 | €2,066 | -€74,452 | -97.3% |
| Taxes | 450/3 | €72,556 | €0 | -€72,555 | -100.0% |
| Remuneration and social security | 454/9 | €3,963 | €2,066 | -€1,897 | -47.9% |
| Other amounts payable | 47/48 | €10,025 | €464 | -€9,561 | -95.4% |
| Non-recurring operating income | 76A | €13,526 | - | -€13,526 | |
| Remuneration, social security and pensions | 62 | €21,078 | €23,421 | +€2,343 | +11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,052 | €5,356 | +€305 | +6.0% |
| Other operating charges | 640/8 | €725 | €776 | +€51 | +7.1% |
| Non-recurring operating charges | 66A | - | €11,333 | +€11,333 | |
| Gross operating margin | 9900 | €438,194 | €144,735 | -€293,459 | -67.0% |
| Operating profit (loss) | 9901 | €411,339 | €103,848 | -€307,491 | -74.8% |
| Financial income | 75/76B | €7,951 | €12,412 | +€4,461 | +56.1% |
| Recurring financial income | 75 | €7,951 | €12,412 | +€4,461 | +56.1% |
| Financial charges | 65/66B | €836 | €1,012 | +€175 | +20.9% |
| Recurring financial charges | 65 | €836 | €1,012 | +€175 | +20.9% |
| Profit (loss) for the period before taxes | 9903 | €418,454 | €115,249 | -€303,206 | -72.5% |
| Income taxes | 67/77 | €136,556 | €39,002 | -€97,553 | -71.4% |
| Profit (loss) for the period | 9904 | €281,899 | €76,247 | -€205,652 | -73.0% |
| Profit (loss) for the period to be appropriated | 9905 | €281,899 | €76,247 | -€205,652 | -73.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.