JAN HUET: what changed
JAN HUET
Largest movements
- Receivables within one year -€1.4m
down €1.4m (-75.6%), from €1.8m to €444,736
of which Other amounts receivable: -€1.4m
- Current investments +€763,902
up €763,902 (+98.5%), from €775,728 to €1.5m
- Financial fixed assets -€195,077
no longer reported in 2025 (was €195,077)
- Cash +€73,387
up €73,387 (+467%), from €15,711 to €89,098
mainly Receivables within one year (+€1.4m) and Net result for the year (+€1.2m)
- Other debts -€1.3m
no longer reported in 2025 (was €1.3m)
- Reserves +€1.2m
up €1.2m (+111%), from €1.1m to €2.2m
- Short-term financial debts -€662,500
no longer reported in 2025 (was €662,500)
- Tax, wage and social debts +€91,035
up €91,035 (+382%), from €23,815 to €114,850
- Debts after one year -€51,215
down €51,215 (-3.4%), from €1.5m to €1.5m
- Financial income +€1.1m
up €1.1m (+1,101%), from €98,568 to €1.2m
- Gross operating margin +€333,644
up €333,644, from -€73,401 to €260,244
- Taxes +€153,381
up €153,381 (+716,735%), from €21 to €153,403
- Financial charges -€39,090
down €39,090 (-25.7%), from €152,172 to €113,082
- Other operating charges -€16,684
down €16,684 (-77.1%), from €21,629 to €4,944
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,686,736 | €3,944,248 | -€742,488 | -15.8% |
| Fixed assets | 21/28 | €2,067,189 | €1,870,784 | -€196,405 | -9.5% |
| Tangible fixed assets | 22/27 | €1,872,112 | €1,870,784 | -€1,328 | -0.1% |
| Land and buildings | 22 | €104,593 | €104,593 | = | 0.0% |
| Plant, machinery and equipment | 23 | €3,520 | €3,879 | +€359 | +10.2% |
| Furniture and vehicles | 24 | €27,853 | €24,873 | -€2,980 | -10.7% |
| Assets under construction and advance payments | 27 | €1,736,146 | €1,737,438 | +€1,292 | +0.1% |
| Financial fixed assets | 28 | €195,077 | - | -€195,077 | |
| Current assets | 29/58 | €2,619,547 | €2,073,464 | -€546,082 | -20.8% |
| Amounts receivable within one year | 40/41 | €1,826,282 | €444,736 | -€1.4m | -75.6% |
| Trade receivables | 40 | €24,611 | €58,724 | +€34,113 | +139% |
| Other amounts receivable | 41 | €1,801,670 | €386,012 | -€1.4m | -78.6% |
| Current investments | 50/53 | €775,728 | €1,539,630 | +€763,902 | +98.5% |
| Cash at bank and in hand | 54/58 | €15,711 | €89,098 | +€73,387 | +467% |
| Deferred charges and accrued income | 490/1 | €1,825 | - | -€1,825 | |
| Total equity and liabilities | 10/49 | €4,686,736 | €3,944,248 | -€742,488 | -15.8% |
| Equity | 10/15 | €1,113,444 | €2,281,245 | +€1.2m | +105% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €1,051,944 | €2,219,745 | +€1.2m | +111% |
| Distributable reserves | 133 | €1,051,944 | €2,219,745 | +€1.2m | +111% |
| Amounts payable | 17/49 | €3,573,292 | €1,663,003 | -€1.9m | -53.5% |
| Amounts payable after more than one year | 17 | €1,518,453 | €1,467,238 | -€51,215 | -3.4% |
| Financial debts | 170/4 | €1,518,453 | €1,467,238 | -€51,215 | -3.4% |
| Amounts payable within one year | 42/48 | €2,050,981 | €195,758 | -€1.9m | -90.5% |
| Current portion of amounts payable after more than one year | 42 | €55,118 | €72,672 | +€17,554 | +31.8% |
| Financial debts | 43 | €662,500 | - | -€662,500 | |
| Credit institutions | 430/8 | €662,500 | - | -€662,500 | |
| Trade debts | 44 | €2,968 | €8,236 | +€5,268 | +178% |
| Suppliers | 440/4 | €2,968 | €8,236 | +€5,268 | +178% |
| Taxes, remuneration and social security | 45 | €23,815 | €114,850 | +€91,035 | +382% |
| Taxes | 450/3 | €23,815 | €114,850 | +€91,035 | +382% |
| Other amounts payable | 47/48 | €1,306,580 | - | -€1.3m | |
| Accrued charges and deferred income | 492/3 | €3,858 | €7 | -€3,851 | -99.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,436 | €4,704 | +€268 | +6.0% |
| Other operating charges | 640/8 | €21,629 | €4,944 | -€16,684 | -77.1% |
| Gross operating margin | 9900 | -€73,401 | €260,244 | +€333,644 | |
| Operating profit (loss) | 9901 | -€99,465 | €250,596 | +€350,061 | |
| Financial income | 75/76B | €98,568 | €1,183,691 | +€1.1m | +1,101% |
| Recurring financial income | 75 | €98,568 | €1,183,691 | +€1.1m | +1,101% |
| Financial charges | 65/66B | €152,172 | €113,082 | -€39,090 | -25.7% |
| Recurring financial charges | 65 | €152,172 | €113,082 | -€39,090 | -25.7% |
| Profit (loss) for the period before taxes | 9903 | -€153,069 | €1,321,204 | +€1.5m | |
| Income taxes | 67/77 | €21 | €153,403 | +€153,381 | +716,735% |
| Profit (loss) for the period | 9904 | -€153,091 | €1,167,801 | +€1.3m | |
| Profit (loss) for the period to be appropriated | 9905 | -€153,091 | €1,167,801 | +€1.3m |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.