JAN PUYPE: 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 PUYPE
Largest movements
- Tangible fixed assets -€15,702
down €15,702 (-18.2%), from €86,074 to €70,373
of which Land and buildings: -€12,046
- Current investments +€12,061
up €12,061 (+76.2%), from €15,822 to €27,883
- Receivables within one year -€9,713
down €9,713 (-49.9%), from €19,467 to €9,754
of which Trade receivables: -€8,318
- Cash +€6,371
up €6,371 (+18.4%), from €34,607 to €40,978
mainly Depreciation (+€20,186) and Receivables within one year (+€9,713)
- Debts after one year -€8,550
down €8,550 (-100%), from €8,550 to €0
- Reserves +€5,669
up €5,669 (+6.4%), from €88,961 to €94,630
- Current portion of long-term debt -€2,463
down €2,463 (-22.4%), from €11,013 to €8,550
- Tax, wage and social debts -€2,061
down €2,061 (-38.8%), from €5,314 to €3,253
- Staff costs +€2,344
up €2,344 (+10.9%), from €21,515 to €23,859
- Gross operating margin -€1,494
down €1,494 (-2.5%), from €58,890 to €57,396
- Financial charges -€849
down €849 (-23.2%), from €3,652 to €2,803
- Taxes -€818
down €818 (-22.8%), from €3,583 to €2,765
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 | €171,575 | €164,678 | -€6,897 | -4.0% |
| Fixed assets | 21/28 | €86,199 | €70,498 | -€15,702 | -18.2% |
| Tangible fixed assets | 22/27 | €86,074 | €70,373 | -€15,702 | -18.2% |
| Land and buildings | 22 | €74,252 | €62,206 | -€12,046 | -16.2% |
| Plant, machinery and equipment | 23 | €1,910 | €5,258 | +€3,348 | +175% |
| Furniture and vehicles | 24 | €9,912 | €2,909 | -€7,003 | -70.7% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €85,376 | €94,180 | +€8,805 | +10.3% |
| Stocks and contracts in progress | 3 | €12,036 | €12,448 | +€412 | +3.4% |
| Stocks | 30/36 | €12,036 | €12,448 | +€412 | +3.4% |
| Amounts receivable within one year | 40/41 | €19,467 | €9,754 | -€9,713 | -49.9% |
| Trade receivables | 40 | €17,678 | €9,360 | -€8,318 | -47.1% |
| Other amounts receivable | 41 | €1,788 | €394 | -€1,394 | -78.0% |
| Current investments | 50/53 | €15,822 | €27,883 | +€12,061 | +76.2% |
| Cash at bank and in hand | 54/58 | €34,607 | €40,978 | +€6,371 | +18.4% |
| Deferred charges and accrued income | 490/1 | €3,443 | €3,117 | -€327 | -9.5% |
| Total equity and liabilities | 10/49 | €171,575 | €164,678 | -€6,897 | -4.0% |
| Equity | 10/15 | €101,361 | €107,030 | +€5,669 | +5.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €88,961 | €94,630 | +€5,669 | +6.4% |
| Distributable reserves | 133 | €88,961 | €94,630 | +€5,669 | +6.4% |
| Amounts payable | 17/49 | €70,214 | €57,648 | -€12,566 | -17.9% |
| Amounts payable after more than one year | 17 | €8,550 | €0 | -€8,550 | -100% |
| Financial debts | 170/4 | €8,550 | €0 | -€8,550 | -100% |
| Amounts payable within one year | 42/48 | €61,400 | €57,648 | -€3,752 | -6.1% |
| Current portion of amounts payable after more than one year | 42 | €11,013 | €8,550 | -€2,463 | -22.4% |
| Financial debts | 43 | €25,000 | €25,000 | = | 0.0% |
| Credit institutions | 430/8 | €25,000 | €25,000 | = | 0.0% |
| Trade debts | 44 | €7,696 | €8,501 | +€805 | +10.5% |
| Suppliers | 440/4 | €7,696 | €8,501 | +€805 | +10.5% |
| Taxes, remuneration and social security | 45 | €5,314 | €3,253 | -€2,061 | -38.8% |
| Taxes | 450/3 | €5,314 | €3,253 | -€2,061 | -38.8% |
| Other amounts payable | 47/48 | €12,377 | €12,344 | -€33 | -0.3% |
| Accrued charges and deferred income | 492/3 | €264 | €0 | -€264 | -100% |
| Remuneration, social security and pensions | 62 | €21,515 | €23,859 | +€2,344 | +10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,195 | €20,186 | -€9 | 0.0% |
| Other operating charges | 640/8 | €2,382 | €2,378 | -€3 | -0.1% |
| Gross operating margin | 9900 | €58,890 | €57,396 | -€1,494 | -2.5% |
| Operating profit (loss) | 9901 | €14,798 | €10,973 | -€3,825 | -25.8% |
| Financial income | 75/76B | €9 | €264 | +€255 | +2,885% |
| Recurring financial income | 75 | €9 | €264 | +€255 | +2,885% |
| Financial charges | 65/66B | €3,652 | €2,803 | -€849 | -23.2% |
| Recurring financial charges | 65 | €3,652 | €2,803 | -€849 | -23.2% |
| Profit (loss) for the period before taxes | 9903 | €11,156 | €8,434 | -€2,722 | -24.4% |
| Income taxes | 67/77 | €3,583 | €2,765 | -€818 | -22.8% |
| Profit (loss) for the period | 9904 | €7,572 | €5,669 | -€1,904 | -25.1% |
| Profit (loss) for the period to be appropriated | 9905 | €7,572 | €5,669 | -€1,904 | -25.1% |
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 19 October 2026 via checked.be.