Jan Marius: 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 Marius
Largest movements
- Tangible fixed assets +€444,947
up €444,947 (+92.8%), from €479,541 to €924,489
of which Land and buildings: +€451,727
- Cash -€23,225
no longer reported in 2025 (was €23,225)
mainly Investment in fixed assets (net) (-€492,115) and Trade debts (-€24,940)
- Debts after one year +€236,613
up €236,613 (+32.1%), from €736,279 to €972,893
- Other debts +€103,729
up €103,729 (+67.0%), from €154,839 to €258,568
- Reserves +€88,663
up €88,663 (+14.2%), from €625,878 to €714,541
of which Distributable reserves: +€88,663
- Trade debts -€24,940
no longer reported in 2025 (was €24,940)
- Gross operating margin +€93,725
up €93,725 (+55.5%), from €168,969 to €262,694
- Other operating charges +€67,793
up €67,793 (+2,651%), from €2,557 to €70,350
- Taxes +€4,600
up €4,600 (+15.3%), from €30,023 to €34,624
- Financial charges +€4,481
up €4,481 (+25.7%), from €17,409 to €21,889
- Depreciation +€4,475
up €4,475 (+10.5%), from €42,693 to €47,167
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 | €1,652,844 | €2,075,462 | +€422,617 | +25.6% |
| Fixed assets | 21/28 | €1,627,014 | €2,071,962 | +€444,947 | +27.3% |
| Tangible fixed assets | 22/27 | €479,541 | €924,489 | +€444,947 | +92.8% |
| Land and buildings | 22 | €446,300 | €898,027 | +€451,727 | +101% |
| Plant, machinery and equipment | 23 | €721 | €324 | -€396 | -55.0% |
| Furniture and vehicles | 24 | €8,911 | €5,436 | -€3,476 | -39.0% |
| Other tangible fixed assets | 26 | €23,610 | €20,702 | -€2,908 | -12.3% |
| Financial fixed assets | 28 | €1,147,473 | €1,147,473 | = | 0.0% |
| Current assets | 29/58 | €25,830 | €3,500 | -€22,330 | -86.4% |
| Amounts receivable within one year | 40/41 | €2,605 | €3,500 | +€895 | +34.3% |
| Trade receivables | 40 | - | €3,500 | +€3,500 | |
| Other amounts receivable | 41 | €2,605 | - | -€2,605 | |
| Cash at bank and in hand | 54/58 | €23,225 | - | -€23,225 | |
| Total equity and liabilities | 10/49 | €1,652,844 | €2,075,462 | +€422,617 | +25.6% |
| Equity | 10/15 | €644,478 | €733,141 | +€88,663 | +13.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €625,878 | €714,541 | +€88,663 | +14.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €624,018 | €712,681 | +€88,663 | +14.2% |
| Amounts payable | 17/49 | €1,008,366 | €1,342,321 | +€333,954 | +33.1% |
| Amounts payable after more than one year | 17 | €736,279 | €972,893 | +€236,613 | +32.1% |
| Financial debts | 170/4 | €736,279 | €972,893 | +€236,613 | +32.1% |
| Amounts payable within one year | 42/48 | €263,666 | €369,188 | +€105,522 | +40.0% |
| Current portion of amounts payable after more than one year | 42 | €72,650 | €90,668 | +€18,018 | +24.8% |
| Trade debts | 44 | €24,940 | - | -€24,940 | |
| Suppliers | 440/4 | €24,940 | - | -€24,940 | |
| Taxes, remuneration and social security | 45 | €11,238 | €19,952 | +€8,714 | +77.5% |
| Taxes | 450/3 | €11,238 | €19,952 | +€8,714 | +77.5% |
| Other amounts payable | 47/48 | €154,839 | €258,568 | +€103,729 | +67.0% |
| Accrued charges and deferred income | 492/3 | €8,421 | €240 | -€8,181 | -97.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,693 | €47,167 | +€4,475 | +10.5% |
| Other operating charges | 640/8 | €2,557 | €70,350 | +€67,793 | +2,651% |
| Gross operating margin | 9900 | €168,969 | €262,694 | +€93,725 | +55.5% |
| Operating profit (loss) | 9901 | €123,720 | €145,177 | +€21,457 | +17.3% |
| Financial charges | 65/66B | €17,409 | €21,889 | +€4,481 | +25.7% |
| Recurring financial charges | 65 | €17,409 | €21,889 | +€4,481 | +25.7% |
| Profit (loss) for the period before taxes | 9903 | €106,311 | €123,287 | +€16,976 | +16.0% |
| Income taxes | 67/77 | €30,023 | €34,624 | +€4,600 | +15.3% |
| Profit (loss) for the period | 9904 | €76,288 | €88,663 | +€12,376 | +16.2% |
| Profit (loss) for the period to be appropriated | 9905 | €76,288 | €88,663 | +€12,376 | +16.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.