JAN MAES: what changed
What changed
JAN MAES
NACE 47.770, Retail sale of watches and jewellery
filed annual accounts (NBB)
Net result for the year
€211,412
2024 · -€39,500+€250,911
Equity
€511,390
2024 · €449,979+€61,412
Cash
€144,092
2024 · €107,616+€36,476
Balance sheet total
€4.3m
2024 · €4.1m+€275,013
Largest movements
Assets
- Stocks and contracts +€118,119
up €118,119 (+4.3%), from €2.7m to €2.8m
- Receivables within one year +€89,670
up €89,670 (+33.1%), from €271,046 to €360,717
of which Other amounts receivable: +€51,953
- Tangible fixed assets +€55,177
up €55,177 (+8.9%), from €618,079 to €673,256
of which Other tangible fixed assets: +€63,984
Equity and liabilities
- Other debts +€140,372
up €140,372 (+130%), from €107,597 to €247,970
- Trade debts +€132,214
up €132,214 (+11.1%), from €1.2m to €1.3m
- Debts after one year -€97,243
down €97,243 (-5.6%), from €1.7m to €1.6m
of which Financial debts: -€97,243
- Profit (loss) carried forward +€61,412
up €61,412 (+25.4%), from €241,627 to €303,039
Income statement
- Gross operating margin +€344,315
up €344,315 (+23.0%), from €1.5m to €1.8m
- Staff costs +€144,758
up €144,758 (+11.6%), from €1.2m to €1.4m
- Financial charges -€32,481
down €32,481 (-26.4%), from €123,078 to €90,598
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.
Result 2024
-€39,500
Gross operating margin
+€344,315
Staff costs
-€144,758
Depreciation
+€13,015
Other operating charges
+€695
Other operating items
-€265
Financial income
+€13,569
Financial charges
+€32,481
Taxes
-€5,590
Deferred taxes and other
-€2,551
Result 2025
€211,412
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€441,511
Investment
-€165,728
Financing
-€239,308
Cash 2024
€107,616
From operations (derived)
+€441,511
Net result for the year
+€211,412
Depreciation
+€123,467
Stocks and contracts
-€118,119
Receivables within one year
-€89,670
Deferred charges and accrued income
+€11,512
Trade debts
+€132,214
Tax, wage and social debts
+€36,506
Advances received
+€3,260
Other debts
+€140,372
Accrued charges and deferred income
-€9,443
Investment (derived)
-€165,728
Investment in fixed assets (net)
-€165,728
Financing
-€239,308
Debts after one year
-€97,243
Current portion of long-term debt
+€7,936
Contributions, distributions and other
-€150,000
Cash 2025
€144,092
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,067,767 | €4,342,780 | +€275,013 | +6.8% |
| Fixed assets | 21/28 | €652,887 | €695,148 | +€42,261 | +6.5% |
| Intangible fixed assets | 21 | €34,708 | €18,276 | -€16,432 | -47.3% |
| Tangible fixed assets | 22/27 | €618,079 | €673,256 | +€55,177 | +8.9% |
| Plant, machinery and equipment | 23 | €45,447 | €34,670 | -€10,777 | -23.7% |
| Furniture and vehicles | 24 | €12,368 | €14,338 | +€1,970 | +15.9% |
| Other tangible fixed assets | 26 | €560,264 | €624,248 | +€63,984 | +11.4% |
| Financial fixed assets | 28 | €100 | €3,616 | +€3,516 | +3,516% |
| Current assets | 29/58 | €3,414,880 | €3,647,632 | +€232,752 | +6.8% |
| Amounts receivable after more than one year | 29 | €125,000 | €125,000 | = | 0.0% |
| Other amounts receivable | 291 | €125,000 | €125,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €2,727,795 | €2,845,913 | +€118,119 | +4.3% |
| Stocks | 30/36 | €2,727,795 | €2,845,913 | +€118,119 | +4.3% |
| Amounts receivable within one year | 40/41 | €271,046 | €360,717 | +€89,670 | +33.1% |
| Trade receivables | 40 | €6,133 | €43,851 | +€37,717 | +615% |
| Other amounts receivable | 41 | €264,913 | €316,866 | +€51,953 | +19.6% |
| Cash at bank and in hand | 54/58 | €107,616 | €144,092 | +€36,476 | +33.9% |
| Deferred charges and accrued income | 490/1 | €183,423 | €171,910 | -€11,512 | -6.3% |
| Total equity and liabilities | 10/49 | €4,067,767 | €4,342,780 | +€275,013 | +6.8% |
| Equity | 10/15 | €449,979 | €511,390 | +€61,412 | +13.6% |
| Contributions | 10/11 | €171,047 | €171,047 | = | 0.0% |
| Capital | 10 | €171,047 | €171,047 | = | 0.0% |
| Issued capital | 100 | €171,047 | €171,047 | = | 0.0% |
| Reserves | 13 | €37,305 | €37,305 | = | 0.0% |
| Non-distributable reserves | 130/1 | €17,105 | €17,105 | = | 0.0% |
| Legal reserve | 130 | €17,105 | €17,105 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,816 | €8,816 | = | 0.0% |
| Distributable reserves | 133 | €11,384 | €11,384 | = | 0.0% |
| Profit (loss) carried forward | 14 | €241,627 | €303,039 | +€61,412 | +25.4% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €3,617,788 | €3,831,390 | +€213,601 | +5.9% |
| Amounts payable after more than one year | 17 | €1,724,158 | €1,626,915 | -€97,243 | -5.6% |
| Financial debts | 170/4 | €1,550,633 | €1,453,390 | -€97,243 | -6.3% |
| Other amounts payable | 178/9 | €173,525 | €173,525 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,859,754 | €2,180,042 | +€320,287 | +17.2% |
| Current portion of amounts payable after more than one year | 42 | €193,401 | €201,336 | +€7,936 | +4.1% |
| Trade debts | 44 | €1,192,110 | €1,324,324 | +€132,214 | +11.1% |
| Suppliers | 440/4 | €1,192,110 | €1,324,324 | +€132,214 | +11.1% |
| Advances received on contracts in progress | 46 | €48,087 | €51,347 | +€3,260 | +6.8% |
| Taxes, remuneration and social security | 45 | €318,559 | €355,065 | +€36,506 | +11.5% |
| Taxes | 450/3 | €135,915 | €115,627 | -€20,288 | -14.9% |
| Remuneration and social security | 454/9 | €182,644 | €239,438 | +€56,794 | +31.1% |
| Other amounts payable | 47/48 | €107,597 | €247,970 | +€140,372 | +130% |
| Accrued charges and deferred income | 492/3 | €33,876 | €24,433 | -€9,443 | -27.9% |
| Non-recurring operating income | 76A | €0 | €30,436 | +€30,436 | |
| Remuneration, social security and pensions | 62 | €1,245,667 | €1,390,425 | +€144,758 | +11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €136,482 | €123,467 | -€13,015 | -9.5% |
| Other operating charges | 640/8 | €44,014 | €43,319 | -€695 | -1.6% |
| Non-recurring operating charges | 66A | €1,080 | €1,345 | +€265 | +24.5% |
| Gross operating margin | 9900 | €1,494,779 | €1,839,094 | +€344,315 | +23.0% |
| Operating profit (loss) | 9901 | €67,535 | €280,537 | +€213,003 | +315% |
| Financial income | 75/76B | €16,268 | €29,837 | +€13,569 | +83.4% |
| Recurring financial income | 75 | €16,268 | €29,837 | +€13,569 | +83.4% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €123,078 | €90,598 | -€32,481 | -26.4% |
| Recurring financial charges | 65 | €123,078 | €90,598 | -€32,481 | -26.4% |
| Profit (loss) for the period before taxes | 9903 | -€39,275 | €219,777 | +€259,052 | |
| Transfer from deferred taxes | 780 | €2,551 | €0 | -€2,551 | -100% |
| Income taxes | 67/77 | €2,776 | €8,365 | +€5,590 | +201% |
| Profit (loss) for the period | 9904 | -€39,500 | €211,412 | +€250,911 | |
| Transfer from tax-exempt reserves | 789 | €7,654 | €0 | -€7,654 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,845 | €211,412 | +€243,257 |
Next steps
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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 3 November 2026 via checked.be.