JAN RAS: 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 RAS
Largest movements
- Stocks and contracts +€21,363
up €21,363 (+11.6%), from €183,782 to €205,145
- Deferred charges and accrued income +€9,817
new in 2025: €9,817
- Reserves +€23,813
up €23,813 (+16.6%), from €143,871 to €167,684
of which Distributable reserves: +€23,813
- Tax, wage and social debts +€11,604
up €11,604 (+243%), from €4,782 to €16,386
of which Taxes: +€10,563
- Debts after one year -€8,271
down €8,271 (-52.6%), from €15,717 to €7,446
- Trade debts +€5,158
up €5,158 (+4.0%), from €129,124 to €134,282
- Staff costs +€4,689
up €4,689 (+52.9%), from €8,871 to €13,560
- Gross operating margin +€4,107
up €4,107 (+6.4%), from €64,207 to €68,314
- Financial charges +€1,163
up €1,163 (+17.4%), from €6,665 to €7,827
- Depreciation +€778
up €778 (+6.5%), from €11,957 to €12,734
- Taxes -€767
down €767 (-7.3%), from €10,444 to €9,677
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 | €356,540 | €392,688 | +€36,147 | +10.1% |
| Fixed assets | 21/28 | €54,685 | €52,506 | -€2,179 | -4.0% |
| Tangible fixed assets | 22/27 | €54,685 | €52,506 | -€2,179 | -4.0% |
| Plant, machinery and equipment | 23 | - | €5,627 | +€5,627 | |
| Furniture and vehicles | 24 | €54,685 | €12,945 | -€41,740 | -76.3% |
| Other tangible fixed assets | 26 | - | €33,933 | +€33,933 | |
| Current assets | 29/58 | €301,855 | €340,182 | +€38,327 | +12.7% |
| Stocks and contracts in progress | 3 | €183,782 | €205,145 | +€21,363 | +11.6% |
| Stocks | 30/36 | €183,782 | €205,145 | +€21,363 | +11.6% |
| Amounts receivable within one year | 40/41 | €31,813 | €35,714 | +€3,901 | +12.3% |
| Trade receivables | 40 | €28,837 | €34,849 | +€6,012 | +20.8% |
| Other amounts receivable | 41 | €2,976 | €865 | -€2,111 | -70.9% |
| Cash at bank and in hand | 54/58 | €86,261 | €89,506 | +€3,245 | +3.8% |
| Deferred charges and accrued income | 490/1 | - | €9,817 | +€9,817 | |
| Total equity and liabilities | 10/49 | €356,540 | €392,688 | +€36,147 | +10.1% |
| Equity | 10/15 | €162,421 | €186,234 | +€23,813 | +14.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €143,871 | €167,684 | +€23,813 | +16.6% |
| Tax-exempt reserves | 132 | €329 | €329 | = | 0.0% |
| Distributable reserves | 133 | €143,542 | €167,355 | +€23,813 | +16.6% |
| Amounts payable | 17/49 | €194,119 | €206,453 | +€12,334 | +6.4% |
| Amounts payable after more than one year | 17 | €15,717 | €7,446 | -€8,271 | -52.6% |
| Financial debts | 170/4 | €15,717 | €7,446 | -€8,271 | -52.6% |
| Amounts payable within one year | 42/48 | €176,157 | €196,875 | +€20,718 | +11.8% |
| Current portion of amounts payable after more than one year | 42 | €11,987 | €12,828 | +€841 | +7.0% |
| Financial debts | 43 | €1,697 | €1,707 | +€10 | +0.6% |
| Credit institutions | 430/8 | €1,697 | €1,707 | +€10 | +0.6% |
| Trade debts | 44 | €129,124 | €134,282 | +€5,158 | +4.0% |
| Suppliers | 440/4 | €129,124 | €134,282 | +€5,158 | +4.0% |
| Taxes, remuneration and social security | 45 | €4,782 | €16,386 | +€11,604 | +243% |
| Taxes | 450/3 | €2,971 | €13,535 | +€10,563 | +355% |
| Remuneration and social security | 454/9 | €1,810 | €2,851 | +€1,041 | +57.5% |
| Other amounts payable | 47/48 | €28,568 | €31,673 | +€3,105 | +10.9% |
| Accrued charges and deferred income | 492/3 | €2,246 | €2,133 | -€113 | -5.0% |
| Remuneration, social security and pensions | 62 | €8,871 | €13,560 | +€4,689 | +52.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,957 | €12,734 | +€778 | +6.5% |
| Other operating charges | 640/8 | €923 | €1,267 | +€344 | +37.2% |
| Non-recurring operating charges | 66A | €8 | €0 | -€8 | -100% |
| Gross operating margin | 9900 | €64,207 | €68,314 | +€4,107 | +6.4% |
| Operating profit (loss) | 9901 | €42,448 | €40,753 | -€1,695 | -4.0% |
| Financial income | 75/76B | €289 | €564 | +€275 | +95.0% |
| Recurring financial income | 75 | €289 | €564 | +€275 | +95.0% |
| Financial charges | 65/66B | €6,665 | €7,827 | +€1,163 | +17.4% |
| Recurring financial charges | 65 | €6,665 | €7,827 | +€1,163 | +17.4% |
| Profit (loss) for the period before taxes | 9903 | €36,073 | €33,490 | -€2,583 | -7.2% |
| Income taxes | 67/77 | €10,444 | €9,677 | -€767 | -7.3% |
| Profit (loss) for the period | 9904 | €25,629 | €23,813 | -€1,816 | -7.1% |
| Profit (loss) for the period to be appropriated | 9905 | €25,629 | €23,813 | -€1,816 | -7.1% |
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 17 October 2026 via checked.be.