JAN & PAUL PROJECTS: 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 & PAUL PROJECTS
NACE 68.121, Development of residential building projects
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€57,562
2024 · €67,178-€9,616
Equity
€8.3m
2024 · €8.2m+€57,562
Cash
€36,933
2024 · €148,431-€111,497
Balance sheet total
€8.8m
2024 · €8.6m+€217,789
Largest movements
Assets
- Tangible fixed assets +€223,914
up €223,914 (+36.3%), from €617,048 to €840,961
of which Furniture and vehicles: +€251,001
- Stocks and contracts +€155,543
new in 2025: €155,543
- Cash -€111,497
down €111,497 (-75.1%), from €148,431 to €36,933
mainly Investment in fixed assets (net) (-€265,769) and Stocks and contracts (-€155,543)
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Depreciation +€20,335
up €20,335 (+94.5%), from €21,520 to €41,856
- Other operating charges -€5,848
down €5,848 (-16.8%), from €34,827 to €28,979
- Financial income +€3,968
up €3,968 (+60.5%), from €6,561 to €10,529
of which Financial income: +€3,968
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
€67,178
Gross operating margin
+€879
Depreciation
-€20,335
Other operating charges
+€5,848
Financial income
+€3,968
Financial charges
-€231
Taxes
+€256
Result 2025
€57,562
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
+€34,203
Investment
-€265,769
Financing
+€120,069
Cash 2024
€148,431
From operations (derived)
+€34,203
Net result for the year
+€57,562
Depreciation
+€41,856
Stocks and contracts
-€155,543
Receivables within one year
+€54,317
Deferred charges and accrued income
-€4,146
Trade debts
-€48,625
Tax, wage and social debts
+€62,558
Other debts
+€23,984
Accrued charges and deferred income
+€2,241
Investment (derived)
-€265,769
Investment in fixed assets (net)
-€265,769
Financing
+€120,069
Debts after one year
+€79,830
Current portion of long-term debt
+€40,240
Cash 2025
€36,933
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,599,830 | €8,817,619 | +€217,789 | +2.5% |
| Fixed assets | 21/28 | €7,639,898 | €7,863,812 | +€223,914 | +2.9% |
| Tangible fixed assets | 22/27 | €617,048 | €840,961 | +€223,914 | +36.3% |
| Land and buildings | 22 | €562,779 | €547,867 | -€14,912 | -2.6% |
| Plant, machinery and equipment | 23 | €54,269 | €42,093 | -€12,175 | -22.4% |
| Furniture and vehicles | 24 | - | €251,001 | +€251,001 | |
| Financial fixed assets | 28 | €7,022,851 | €7,022,851 | = | 0.0% |
| Current assets | 29/58 | €959,932 | €953,807 | -€6,125 | -0.6% |
| Stocks and contracts in progress | 3 | - | €155,543 | +€155,543 | |
| Stocks | 30/36 | - | €155,543 | +€155,543 | |
| Amounts receivable within one year | 40/41 | €798,398 | €744,082 | -€54,317 | -6.8% |
| Trade receivables | 40 | €285,153 | €223,519 | -€61,634 | -21.6% |
| Other amounts receivable | 41 | €513,245 | €520,562 | +€7,317 | +1.4% |
| Cash at bank and in hand | 54/58 | €148,431 | €36,933 | -€111,497 | -75.1% |
| Deferred charges and accrued income | 490/1 | €13,102 | €17,249 | +€4,146 | +31.6% |
| Total equity and liabilities | 10/49 | €8,599,830 | €8,817,619 | +€217,789 | +2.5% |
| Equity | 10/15 | €8,242,674 | €8,300,237 | +€57,562 | +0.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €8,224,074 | €8,281,637 | +€57,562 | +0.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €33,680 | €69,465 | +€35,785 | +106% |
| Distributable reserves | 133 | €8,188,534 | €8,210,312 | +€21,777 | +0.3% |
| Amounts payable | 17/49 | €357,156 | €517,382 | +€160,227 | +44.9% |
| Amounts payable after more than one year | 17 | €222,833 | €302,663 | +€79,830 | +35.8% |
| Financial debts | 170/4 | €222,833 | €302,663 | +€79,830 | +35.8% |
| Amounts payable within one year | 42/48 | €130,001 | €208,157 | +€78,157 | +60.1% |
| Current portion of amounts payable after more than one year | 42 | €35,587 | €75,826 | +€40,240 | +113% |
| Trade debts | 44 | €48,625 | €0 | -€48,625 | -100% |
| Suppliers | 440/4 | €48,625 | €0 | -€48,625 | -100% |
| Taxes, remuneration and social security | 45 | €11,940 | €74,498 | +€62,558 | +524% |
| Taxes | 450/3 | €6,940 | €43,355 | +€36,415 | +525% |
| Remuneration and social security | 454/9 | €5,000 | €31,143 | +€26,143 | +523% |
| Other amounts payable | 47/48 | €33,849 | €57,833 | +€23,984 | +70.9% |
| Accrued charges and deferred income | 492/3 | €4,322 | €6,562 | +€2,241 | +51.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,520 | €41,856 | +€20,335 | +94.5% |
| Other operating charges | 640/8 | €34,827 | €28,979 | -€5,848 | -16.8% |
| Gross operating margin | 9900 | €148,290 | €149,169 | +€879 | +0.6% |
| Operating profit (loss) | 9901 | €91,943 | €78,334 | -€13,609 | -14.8% |
| Financial income | 75/76B | €6,561 | €10,529 | +€3,968 | +60.5% |
| Recurring financial income | 75 | €6,561 | €10,529 | +€3,968 | +60.5% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €6,571 | €6,802 | +€231 | +3.5% |
| Recurring financial charges | 65 | €6,571 | €6,802 | +€231 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | €91,933 | €82,061 | -€9,872 | -10.7% |
| Income taxes | 67/77 | €24,755 | €24,499 | -€256 | -1.0% |
| Profit (loss) for the period | 9904 | €67,178 | €57,562 | -€9,616 | -14.3% |
| Transfer from tax-exempt reserves | 789 | €42,100 | €0 | -€42,100 | -100% |
| Transfer to tax-exempt reserves | 689 | €33,680 | €35,785 | +€2,105 | +6.3% |
| Profit (loss) for the period to be appropriated | 9905 | €75,598 | €21,777 | -€53,821 | -71.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.