JAN ONZEA: 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.
What changed
JAN ONZEA
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€26,469
2024 · €39,809-€13,341
Equity
€358,958
2024 · €332,490+€26,469
Cash
€17,959
2024 · €14,060+€3,900
Balance sheet total
€503,738
2024 · €479,465+€24,273
Largest movements
Assets
- Current investments +€35,338
up €35,338 (+28.3%), from €125,000 to €160,338
- Tangible fixed assets -€13,657
down €13,657 (-4.1%), from €329,624 to €315,966
Equity and liabilities
- Profit (loss) carried forward +€26,469
up €26,469 (+9.1%), from -€291,719 to -€265,251
Income statement
- Gross operating margin -€11,858
down €11,858 (-14.1%), from €84,390 to €72,532
- Depreciation +€995
up €995 (+3.8%), from €25,870 to €26,865
- Other operating charges +€933
up €933 (+13.8%), from €6,765 to €7,698
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.
Result 2024
€39,809
Gross operating margin
-€11,858
Depreciation
-€995
Other operating charges
-€933
Financial income
+€484
Financial charges
-€39
Result 2025
€26,469
raises the resultlowers the result
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.
From operations
+€50,432
Investment
-€45,827
Financing
-€705
Cash 2024
€14,060
From operations (derived)
+€50,432
Net result for the year
+€26,469
Depreciation
+€26,865
Receivables within one year
-€1,411
Trade debts
+€7
Tax, wage and social debts
-€777
Other debts
-€721
Investment (derived)
-€45,827
Investment in fixed assets (net)
-€10,489
Current investments
-€35,338
Financing
-€705
Debts after one year
-€796
Current portion of long-term debt
+€91
Cash 2025
€17,959
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €479,465 | €503,738 | +€24,273 | +5.1% |
| Fixed assets | 21/28 | €332,343 | €315,966 | -€16,377 | -4.9% |
| Tangible fixed assets | 22/27 | €329,624 | €315,966 | -€13,657 | -4.1% |
| Land and buildings | 22 | €329,624 | €315,966 | -€13,657 | -4.1% |
| Financial fixed assets | 28 | €2,719 | - | -€2,719 | |
| Current assets | 29/58 | €147,123 | €187,772 | +€40,649 | +27.6% |
| Amounts receivable within one year | 40/41 | €8,063 | €9,474 | +€1,411 | +17.5% |
| Trade receivables | 40 | €8,063 | €5,987 | -€2,076 | -25.8% |
| Other amounts receivable | 41 | - | €3,488 | +€3,488 | |
| Current investments | 50/53 | €125,000 | €160,338 | +€35,338 | +28.3% |
| Cash at bank and in hand | 54/58 | €14,060 | €17,959 | +€3,900 | +27.7% |
| Total equity and liabilities | 10/49 | €479,465 | €503,738 | +€24,273 | +5.1% |
| Equity | 10/15 | €332,490 | €358,958 | +€26,469 | +8.0% |
| Contributions | 10/11 | €302,430 | €302,430 | = | 0.0% |
| Capital | 10 | €302,430 | €302,430 | = | 0.0% |
| Issued capital | 100 | €302,430 | €302,430 | = | 0.0% |
| Revaluation surpluses | 12 | €301,477 | €301,477 | = | 0.0% |
| Reserves | 13 | €20,301 | €20,301 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €18,442 | €18,442 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€291,719 | -€265,251 | +€26,469 | +9.1% |
| Amounts payable | 17/49 | €146,976 | €144,780 | -€2,196 | -1.5% |
| Amounts payable after more than one year | 17 | €136,914 | €136,118 | -€796 | -0.6% |
| Financial debts | 170/4 | €136,914 | €136,118 | -€796 | -0.6% |
| Amounts payable within one year | 42/48 | €10,062 | €8,663 | -€1,400 | -13.9% |
| Current portion of amounts payable after more than one year | 42 | €5,730 | €5,822 | +€91 | +1.6% |
| Trade debts | 44 | €166 | €173 | +€7 | +4.0% |
| Suppliers | 440/4 | €166 | €173 | +€7 | +4.0% |
| Taxes, remuneration and social security | 45 | €3,445 | €2,668 | -€777 | -22.5% |
| Taxes | 450/3 | €3,445 | €2,668 | -€777 | -22.5% |
| Other amounts payable | 47/48 | €721 | - | -€721 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,870 | €26,865 | +€995 | +3.8% |
| Other operating charges | 640/8 | €6,765 | €7,698 | +€933 | +13.8% |
| Gross operating margin | 9900 | €84,390 | €72,532 | -€11,858 | -14.1% |
| Operating profit (loss) | 9901 | €51,755 | €37,970 | -€13,786 | -26.6% |
| Financial income | 75/76B | - | €484 | +€484 | |
| Recurring financial income | 75 | - | €484 | +€484 | |
| Financial charges | 65/66B | €11,946 | €11,985 | +€39 | +0.3% |
| Recurring financial charges | 65 | €11,946 | €11,985 | +€39 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | €39,809 | €26,469 | -€13,341 | -33.5% |
| Profit (loss) for the period | 9904 | €39,809 | €26,469 | -€13,341 | -33.5% |
| Profit (loss) for the period to be appropriated | 9905 | €39,809 | €26,469 | -€13,341 | -33.5% |
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 23 October 2026 via checked.be.