JAN NICOLAS: 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 NICOLAS
Largest movements
- Receivables within one year -€2,665
down €2,665 (-3.4%), from €79,125 to €76,461
of which Trade receivables: -€1,875
- Cash +€2,041
up €2,041 (+165%), from €1,234 to €3,274
mainly Net result for the year (+€9,516) and Receivables within one year (+€2,665)
- Tangible fixed assets +€1,292
new in 2025: €1,292
- Profit (loss) carried forward +€9,516
up €9,516 (+34.1%), from €27,942 to €37,458
- Trade debts -€6,974
down €6,974 (-14.5%), from €48,165 to €41,190
- Tax, wage and social debts -€1,873
down €1,873 (-44.1%), from €4,252 to €2,379
- Gross operating margin +€1,943
up €1,943 (+15.1%), from €12,869 to €14,812
- Financial income -€1,881
no longer reported in 2025 (was €1,881)
- Financial charges +€1,683
up €1,683 (+423%), from €398 to €2,081
- Depreciation +€517
new in 2025: €517
- Taxes -€469
down €469 (-16.5%), from €2,847 to €2,379
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 | €80,359 | €81,027 | +€668 | +0.8% |
| Fixed assets | 21/28 | - | €1,292 | +€1,292 | |
| Tangible fixed assets | 22/27 | - | €1,292 | +€1,292 | |
| Plant, machinery and equipment | 23 | - | €1,292 | +€1,292 | |
| Current assets | 29/58 | €80,359 | €79,735 | -€624 | -0.8% |
| Amounts receivable within one year | 40/41 | €79,125 | €76,461 | -€2,665 | -3.4% |
| Trade receivables | 40 | €39,217 | €37,342 | -€1,875 | -4.8% |
| Other amounts receivable | 41 | €39,909 | €39,118 | -€790 | -2.0% |
| Cash at bank and in hand | 54/58 | €1,234 | €3,274 | +€2,041 | +165% |
| Total equity and liabilities | 10/49 | €80,359 | €81,027 | +€668 | +0.8% |
| Equity | 10/15 | €27,942 | €37,458 | +€9,516 | +34.1% |
| Profit (loss) carried forward | 14 | €27,942 | €37,458 | +€9,516 | +34.1% |
| Amounts payable | 17/49 | €52,417 | €43,569 | -€8,848 | -16.9% |
| Amounts payable within one year | 42/48 | €52,417 | €43,569 | -€8,848 | -16.9% |
| Trade debts | 44 | €48,165 | €41,190 | -€6,974 | -14.5% |
| Suppliers | 440/4 | €48,165 | €41,190 | -€6,974 | -14.5% |
| Taxes, remuneration and social security | 45 | €4,252 | €2,379 | -€1,873 | -44.1% |
| Taxes | 450/3 | €4,252 | €2,379 | -€1,873 | -44.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €517 | +€517 | |
| Other operating charges | 640/8 | €244 | €320 | +€76 | +31.1% |
| Gross operating margin | 9900 | €12,869 | €14,812 | +€1,943 | +15.1% |
| Operating profit (loss) | 9901 | €12,625 | €13,975 | +€1,350 | +10.7% |
| Financial income | 75/76B | €1,881 | - | -€1,881 | |
| Recurring financial income | 75 | €1,881 | - | -€1,881 | |
| Financial charges | 65/66B | €398 | €2,081 | +€1,683 | +423% |
| Recurring financial charges | 65 | €398 | €2,081 | +€1,683 | +423% |
| Profit (loss) for the period before taxes | 9903 | €14,108 | €11,895 | -€2,214 | -15.7% |
| Income taxes | 67/77 | €2,847 | €2,379 | -€469 | -16.5% |
| Profit (loss) for the period | 9904 | €11,261 | €9,516 | -€1,745 | -15.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11,261 | €9,516 | -€1,745 | -15.5% |
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 18 October 2026 via checked.be.