Jan Nijs: 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 Nijs
Largest movements
- Receivables within one year -€9,536
down €9,536 (-17.6%), from €54,239 to €44,703
of which Trade receivables: -€10,007
- Cash +€8,162
up €8,162 (+885%), from €923 to €9,085
mainly Other debts (+€11,550) and Net result for the year (+€9,574)
- Tangible fixed assets +€2,376
up €2,376 (+30.6%), from €7,760 to €10,137
of which Land and buildings: +€3,853
- Other debts +€11,550
new in 2025: €11,550
- Trade debts -€7,400
down €7,400 (-79.7%), from €9,282 to €1,882
- Reserves -€6,926
down €6,926 (-9.0%), from €77,200 to €70,273
of which Distributable reserves: -€6,926
- Tax, wage and social debts +€5,307
up €5,307 (+44.6%), from €11,889 to €17,196
- Accrued charges and deferred income -€1,472
no longer reported in 2025 (was €1,472)
- Other operating charges +€4,629
up €4,629 (+28.4%), from €16,286 to €20,915
- Taxes -€3,330
down €3,330 (-42.4%), from €7,846 to €4,517
- Financial charges +€2,394
up €2,394 (+135%), from €1,770 to €4,164
- Financial income -€1,685
down €1,685 (-54.6%), from €3,087 to €1,402
- Gross operating margin -€1,060
down €1,060 (-2.5%), from €42,683 to €41,623
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 | €118,443 | €119,502 | +€1,059 | +0.9% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €7,760 | €10,137 | +€2,376 | +30.6% |
| Tangible fixed assets | 22/27 | €7,760 | €10,137 | +€2,376 | +30.6% |
| Land and buildings | 22 | - | €3,853 | +€3,853 | |
| Plant, machinery and equipment | 23 | €6,686 | €4,435 | -€2,251 | -33.7% |
| Furniture and vehicles | 24 | €1,074 | €1,849 | +€775 | +72.1% |
| Current assets | 29/58 | €110,682 | €109,365 | -€1,317 | -1.2% |
| Amounts receivable after more than one year | 29 | €54,196 | €54,196 | = | 0.0% |
| Other amounts receivable | 291 | €54,196 | €54,196 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €54,239 | €44,703 | -€9,536 | -17.6% |
| Trade receivables | 40 | €19,042 | €9,035 | -€10,007 | -52.6% |
| Other amounts receivable | 41 | €35,197 | €35,667 | +€470 | +1.3% |
| Cash at bank and in hand | 54/58 | €923 | €9,085 | +€8,162 | +885% |
| Deferred charges and accrued income | 490/1 | €1,325 | €1,382 | +€57 | +4.3% |
| Total equity and liabilities | 10/49 | €118,443 | €119,502 | +€1,059 | +0.9% |
| Equity | 10/15 | €95,800 | €88,873 | -€6,926 | -7.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €77,200 | €70,273 | -€6,926 | -9.0% |
| 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 | €75,340 | €68,413 | -€6,926 | -9.2% |
| Amounts payable | 17/49 | €22,643 | €30,629 | +€7,985 | +35.3% |
| Amounts payable within one year | 42/48 | €21,171 | €30,629 | +€9,457 | +44.7% |
| Trade debts | 44 | €9,282 | €1,882 | -€7,400 | -79.7% |
| Suppliers | 440/4 | €9,282 | €1,882 | -€7,400 | -79.7% |
| Taxes, remuneration and social security | 45 | €11,889 | €17,196 | +€5,307 | +44.6% |
| Taxes | 450/3 | €11,889 | €17,196 | +€5,307 | +44.6% |
| Other amounts payable | 47/48 | - | €11,550 | +€11,550 | |
| Accrued charges and deferred income | 492/3 | €1,472 | - | -€1,472 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,990 | €3,856 | +€866 | +29.0% |
| Other operating charges | 640/8 | €16,286 | €20,915 | +€4,629 | +28.4% |
| Gross operating margin | 9900 | €42,683 | €41,623 | -€1,060 | -2.5% |
| Operating profit (loss) | 9901 | €23,407 | €16,852 | -€6,555 | -28.0% |
| Financial income | 75/76B | €3,087 | €1,402 | -€1,685 | -54.6% |
| Recurring financial income | 75 | €3,087 | €1,402 | -€1,685 | -54.6% |
| Financial charges | 65/66B | €1,770 | €4,164 | +€2,394 | +135% |
| Recurring financial charges | 65 | €1,770 | €4,164 | +€2,394 | +135% |
| Profit (loss) for the period before taxes | 9903 | €24,724 | €14,090 | -€10,634 | -43.0% |
| Income taxes | 67/77 | €7,846 | €4,517 | -€3,330 | -42.4% |
| Profit (loss) for the period | 9904 | €16,878 | €9,574 | -€7,304 | -43.3% |
| Profit (loss) for the period to be appropriated | 9905 | €16,878 | €9,574 | -€7,304 | -43.3% |
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 24 October 2026 via checked.be.