JAN MAES III: what changed
What changed
JAN MAES III
NACE 47.770, Retail sale of watches and jewellery
filed annual accounts (NBB)
Net result for the year
€50,979
2024 · €20,626+€30,353
Equity
€798,176
2024 · €747,197+€50,979
Cash
€30,766
2024 · €3,865+€26,901
Balance sheet total
€2.3m
2024 · €2.1m+€175,499
Largest movements
Assets
- Stocks and contracts +€214,573
up €214,573 (+12.3%), from €1.7m to €2.0m
- Tangible fixed assets -€64,220
down €64,220 (-17.5%), from €366,126 to €301,906
of which Other tangible fixed assets: -€59,162
- Cash +€26,901
up €26,901 (+696%), from €3,865 to €30,766
mainly Other debts (+€75,982) and Depreciation (+€64,220)
Equity and liabilities
- Other debts +€75,982
up €75,982 (+26.7%), from €284,139 to €360,121
- Profit (loss) carried forward +€50,979
up €50,979 (+12.2%), from €416,184 to €467,163
- Short-term financial debts +€43,272
up €43,272 (+9.3%), from €465,540 to €508,811
- Trade debts +€30,906
up €30,906 (+11.4%), from €272,185 to €303,091
Income statement
- Gross operating margin +€94,661
up €94,661 (+25.4%), from €373,273 to €467,934
- Staff costs +€57,465
up €57,465 (+25.0%), from €229,686 to €287,151
- Taxes +€12,910
up €12,910 (+193%), from €6,693 to €19,603
- Financial charges -€5,205
down €5,205 (-10.1%), from €51,454 to €46,249
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
€20,626
Gross operating margin
+€94,661
Staff costs
-€57,465
Depreciation
+€992
Other operating charges
-€3
Financial income
-€127
Financial charges
+€5,205
Taxes
-€12,910
Result 2025
€50,979
raises the resultlowers the result
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
+€10,834
Investment
€0
Financing
+€16,067
Cash 2024
€3,865
From operations (derived)
+€10,834
Net result for the year
+€50,979
Depreciation
+€64,220
Stocks and contracts
-€214,573
Receivables within one year
+€1,688
Deferred charges and accrued income
+€67
Trade debts
+€30,906
Tax, wage and social debts
+€6,046
Other debts
+€75,982
Accrued charges and deferred income
-€4,481
Financing
+€16,067
Debts after one year
-€19,892
Current portion of long-term debt
-€7,313
Short-term financial debts
+€43,272
Cash 2025
€30,766
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,140,623 | €2,316,122 | +€175,499 | +8.2% |
| Fixed assets | 21/28 | €373,850 | €309,630 | -€64,220 | -17.2% |
| Tangible fixed assets | 22/27 | €366,126 | €301,906 | -€64,220 | -17.5% |
| Furniture and vehicles | 24 | €11,911 | €6,853 | -€5,058 | -42.5% |
| Other tangible fixed assets | 26 | €354,215 | €295,053 | -€59,162 | -16.7% |
| Financial fixed assets | 28 | €7,724 | €7,724 | = | 0.0% |
| Current assets | 29/58 | €1,766,773 | €2,006,492 | +€239,719 | +13.6% |
| Stocks and contracts in progress | 3 | €1,748,040 | €1,962,613 | +€214,573 | +12.3% |
| Stocks | 30/36 | €1,748,040 | €1,962,613 | +€214,573 | +12.3% |
| Amounts receivable within one year | 40/41 | €5,856 | €4,169 | -€1,688 | -28.8% |
| Trade receivables | 40 | €1,676 | €1,935 | +€259 | +15.4% |
| Other amounts receivable | 41 | €4,180 | €2,234 | -€1,946 | -46.6% |
| Cash at bank and in hand | 54/58 | €3,865 | €30,766 | +€26,901 | +696% |
| Deferred charges and accrued income | 490/1 | €9,012 | €8,944 | -€67 | -0.7% |
| Total equity and liabilities | 10/49 | €2,140,623 | €2,316,122 | +€175,499 | +8.2% |
| Equity | 10/15 | €747,197 | €798,176 | +€50,979 | +6.8% |
| Contributions | 10/11 | €235,200 | €235,200 | = | 0.0% |
| Capital | 10 | €235,200 | €235,200 | = | 0.0% |
| Issued capital | 100 | €235,200 | €235,200 | = | 0.0% |
| Reserves | 13 | €95,813 | €95,813 | = | 0.0% |
| Non-distributable reserves | 130/1 | €23,520 | €23,520 | = | 0.0% |
| Legal reserve | 130 | €23,520 | €23,520 | = | 0.0% |
| Distributable reserves | 133 | €72,293 | €72,293 | = | 0.0% |
| Profit (loss) carried forward | 14 | €416,184 | €467,163 | +€50,979 | +12.2% |
| Amounts payable | 17/49 | €1,393,426 | €1,517,946 | +€124,520 | +8.9% |
| Amounts payable after more than one year | 17 | €280,992 | €261,101 | -€19,892 | -7.1% |
| Financial debts | 170/4 | €280,992 | €261,101 | -€19,892 | -7.1% |
| Amounts payable within one year | 42/48 | €1,107,953 | €1,256,845 | +€148,892 | +13.4% |
| Current portion of amounts payable after more than one year | 42 | €32,159 | €24,846 | -€7,313 | -22.7% |
| Financial debts | 43 | €465,540 | €508,811 | +€43,272 | +9.3% |
| Credit institutions | 430/8 | €465,540 | €508,811 | +€43,272 | +9.3% |
| Trade debts | 44 | €272,185 | €303,091 | +€30,906 | +11.4% |
| Suppliers | 440/4 | €272,185 | €303,091 | +€30,906 | +11.4% |
| Taxes, remuneration and social security | 45 | €53,929 | €59,975 | +€6,046 | +11.2% |
| Taxes | 450/3 | €12,698 | €14,492 | +€1,794 | +14.1% |
| Remuneration and social security | 454/9 | €41,232 | €45,483 | +€4,252 | +10.3% |
| Other amounts payable | 47/48 | €284,139 | €360,121 | +€75,982 | +26.7% |
| Accrued charges and deferred income | 492/3 | €4,481 | - | -€4,481 | |
| Non-recurring operating income | 76A | - | €1,000 | +€1,000 | |
| Remuneration, social security and pensions | 62 | €229,686 | €287,151 | +€57,465 | +25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,212 | €64,220 | -€992 | -1.5% |
| Other operating charges | 640/8 | €2,098 | €2,102 | +€3 | +0.2% |
| Gross operating margin | 9900 | €373,273 | €467,934 | +€94,661 | +25.4% |
| Operating profit (loss) | 9901 | €76,277 | €114,461 | +€38,185 | +50.1% |
| Financial income | 75/76B | €2,497 | €2,370 | -€127 | -5.1% |
| Recurring financial income | 75 | €2,497 | €2,370 | -€127 | -5.1% |
| Financial charges | 65/66B | €51,454 | €46,249 | -€5,205 | -10.1% |
| Recurring financial charges | 65 | €51,454 | €46,249 | -€5,205 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €27,320 | €70,583 | +€43,263 | +158% |
| Income taxes | 67/77 | €6,693 | €19,603 | +€12,910 | +193% |
| Profit (loss) for the period | 9904 | €20,626 | €50,979 | +€30,353 | +147% |
| Profit (loss) for the period to be appropriated | 9905 | €20,626 | €50,979 | +€30,353 | +147% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.