JAN LAGA: 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 LAGA
Largest movements
- Cash +€77,436
up €77,436 (+59.9%), from €129,220 to €206,656
mainly Net result for the year (+€104,267) and Receivables after one year (+€50,000)
- Receivables after one year -€50,000
down €50,000 (-55.6%), from €90,000 to €40,000
- Current investments +€25,872
up €25,872 (+33.1%), from €78,156 to €104,028
- Receivables within one year -€24,200
down €24,200 (-40.0%), from €60,500 to €36,300
- Tangible fixed assets -€10,210
down €10,210 (-24.0%), from €42,576 to €32,367
of which Furniture and vehicles: -€9,973
- Reserves +€61,037
up €61,037 (+16.9%), from €360,815 to €421,851
of which Distributable reserves: +€61,037
- Tax, wage and social debts -€15,358
down €15,358 (-52.8%), from €29,069 to €13,711
- Other debts -€12,466
down €12,466 (-99.9%), from €12,475 to €8
- Debts after one year -€12,356
down €12,356 (-54.0%), from €22,897 to €10,541
- Taxes -€13,257
down €13,257 (-23.7%), from €55,873 to €42,616
- Gross operating margin -€6,981
down €6,981 (-4.2%), from €167,610 to €160,628
- Depreciation +€2,032
up €2,032 (+13.7%), from €14,882 to €16,914
- Financial income +€1,936
up €1,936 (+76.9%), from €2,518 to €4,454
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 | €451,416 | €471,378 | +€19,962 | +4.4% |
| Fixed assets | 21/28 | €92,576 | €82,367 | -€10,210 | -11.0% |
| Tangible fixed assets | 22/27 | €42,576 | €32,367 | -€10,210 | -24.0% |
| Plant, machinery and equipment | 23 | €2,307 | €2,071 | -€236 | -10.2% |
| Furniture and vehicles | 24 | €40,269 | €30,295 | -€9,973 | -24.8% |
| Financial fixed assets | 28 | €50,000 | €50,000 | = | 0.0% |
| Current assets | 29/58 | €358,840 | €389,012 | +€30,172 | +8.4% |
| Amounts receivable after more than one year | 29 | €90,000 | €40,000 | -€50,000 | -55.6% |
| Other amounts receivable | 291 | €90,000 | €40,000 | -€50,000 | -55.6% |
| Amounts receivable within one year | 40/41 | €60,500 | €36,300 | -€24,200 | -40.0% |
| Trade receivables | 40 | €60,500 | €36,300 | -€24,200 | -40.0% |
| Current investments | 50/53 | €78,156 | €104,028 | +€25,872 | +33.1% |
| Cash at bank and in hand | 54/58 | €129,220 | €206,656 | +€77,436 | +59.9% |
| Deferred charges and accrued income | 490/1 | €964 | €2,028 | +€1,064 | +110% |
| Total equity and liabilities | 10/49 | €451,416 | €471,378 | +€19,962 | +4.4% |
| Equity | 10/15 | €373,215 | €434,251 | +€61,037 | +16.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €360,815 | €421,851 | +€61,037 | +16.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €360,815 | €421,851 | +€61,037 | +16.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €78,202 | €37,127 | -€41,075 | -52.5% |
| Amounts payable after more than one year | 17 | €22,897 | €10,541 | -€12,356 | -54.0% |
| Financial debts | 170/4 | €22,897 | €10,541 | -€12,356 | -54.0% |
| Amounts payable within one year | 42/48 | €55,305 | €26,586 | -€28,719 | -51.9% |
| Current portion of amounts payable after more than one year | 42 | €12,043 | €12,356 | +€312 | +2.6% |
| Trade debts | 44 | €1,718 | €510 | -€1,207 | -70.3% |
| Suppliers | 440/4 | €1,718 | €510 | -€1,207 | -70.3% |
| Taxes, remuneration and social security | 45 | €29,069 | €13,711 | -€15,358 | -52.8% |
| Taxes | 450/3 | €29,069 | €13,711 | -€15,358 | -52.8% |
| Other amounts payable | 47/48 | €12,475 | €8 | -€12,466 | -99.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,882 | €16,914 | +€2,032 | +13.7% |
| Other operating charges | 640/8 | €933 | €462 | -€471 | -50.5% |
| Gross operating margin | 9900 | €167,610 | €160,628 | -€6,981 | -4.2% |
| Operating profit (loss) | 9901 | €151,795 | €143,252 | -€8,542 | -5.6% |
| Financial income | 75/76B | €2,518 | €4,454 | +€1,936 | +76.9% |
| Recurring financial income | 75 | €2,518 | €4,454 | +€1,936 | +76.9% |
| Financial charges | 65/66B | €1,127 | €822 | -€304 | -27.0% |
| Recurring financial charges | 65 | €1,127 | €822 | -€304 | -27.0% |
| Profit (loss) for the period before taxes | 9903 | €153,186 | €146,883 | -€6,302 | -4.1% |
| Income taxes | 67/77 | €55,873 | €42,616 | -€13,257 | -23.7% |
| Profit (loss) for the period | 9904 | €97,312 | €104,267 | +€6,955 | +7.1% |
| Transfer from tax-exempt reserves | 789 | €41,371 | €0 | -€41,371 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €138,683 | €104,267 | -€34,416 | -24.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.