JAN RENS: 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 RENS
Largest movements
- Current investments +€734,833
up €734,833, from €0 to €734,833
- Cash -€696,785
down €696,785 (-72.6%), from €959,884 to €263,099
mainly Current investments (-€734,833) and Investment in fixed assets (net) (-€37,482)
- Receivables within one year +€34,407
up €34,407 (+1,151%), from €2,991 to €37,398
of which Other amounts receivable: +€34,531
- Tangible fixed assets +€22,053
up €22,053 (+30.0%), from €73,434 to €95,487
of which Furniture and vehicles: +€35,676
- Profit (loss) carried forward +€77,587
up €77,587 (+77.3%), from -€100,334 to -€22,747
- Debts after one year +€27,272
up €27,272, from €0 to €27,272
- Trade debts -€13,262
down €13,262 (-98.2%), from €13,507 to €245
- Gross operating margin +€96,979
up €96,979, from -€14,422 to €82,557
- Financial income -€13,148
down €13,148 (-45.6%), from €28,826 to €15,679
- Depreciation -€10,819
down €10,819 (-41.2%), from €26,248 to €15,429
- Other operating charges +€1,832
up €1,832 (+72.8%), from €2,514 to €4,346
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 | €1,056,479 | €1,144,334 | +€87,855 | +8.3% |
| Fixed assets | 21/28 | €73,434 | €95,487 | +€22,053 | +30.0% |
| Tangible fixed assets | 22/27 | €73,434 | €95,487 | +€22,053 | +30.0% |
| Land and buildings | 22 | €64,000 | €51,200 | -€12,800 | -20.0% |
| Plant, machinery and equipment | 23 | €3,916 | €3,093 | -€823 | -21.0% |
| Furniture and vehicles | 24 | €5,518 | €41,194 | +€35,676 | +647% |
| Current assets | 29/58 | €983,045 | €1,048,847 | +€65,802 | +6.7% |
| Amounts receivable within one year | 40/41 | €2,991 | €37,398 | +€34,407 | +1,151% |
| Trade receivables | 40 | €124 | €0 | -€124 | -100% |
| Other amounts receivable | 41 | €2,866 | €37,398 | +€34,531 | +1,205% |
| Current investments | 50/53 | €0 | €734,833 | +€734,833 | |
| Cash at bank and in hand | 54/58 | €959,884 | €263,099 | -€696,785 | -72.6% |
| Deferred charges and accrued income | 490/1 | €20,170 | €13,517 | -€6,653 | -33.0% |
| Total equity and liabilities | 10/49 | €1,056,479 | €1,144,334 | +€87,855 | +8.3% |
| Equity | 10/15 | €1,025,618 | €1,103,205 | +€77,587 | +7.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,107,352 | €1,107,352 | = | 0.0% |
| 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 | €1,105,492 | €1,105,492 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€100,334 | -€22,747 | +€77,587 | +77.3% |
| Amounts payable | 17/49 | €30,861 | €41,129 | +€10,268 | +33.3% |
| Amounts payable after more than one year | 17 | €0 | €27,272 | +€27,272 | |
| Financial debts | 170/4 | €0 | €27,272 | +€27,272 | |
| Amounts payable within one year | 42/48 | €30,861 | €13,858 | -€17,004 | -55.1% |
| Current portion of amounts payable after more than one year | 42 | €11,781 | €13,613 | +€1,832 | +15.6% |
| Trade debts | 44 | €13,507 | €245 | -€13,262 | -98.2% |
| Suppliers | 440/4 | €13,507 | €245 | -€13,262 | -98.2% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €5,574 | €0 | -€5,574 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,248 | €15,429 | -€10,819 | -41.2% |
| Other operating charges | 640/8 | €2,514 | €4,346 | +€1,832 | +72.8% |
| Gross operating margin | 9900 | -€14,422 | €82,557 | +€96,979 | |
| Operating profit (loss) | 9901 | -€43,184 | €62,782 | +€105,966 | |
| Financial income | 75/76B | €28,826 | €15,679 | -€13,148 | -45.6% |
| Recurring financial income | 75 | €28,826 | €15,679 | -€13,148 | -45.6% |
| Financial charges | 65/66B | €1,245 | €489 | -€756 | -60.7% |
| Recurring financial charges | 65 | €1,245 | €489 | -€756 | -60.7% |
| Profit (loss) for the period before taxes | 9903 | -€15,603 | €77,971 | +€93,574 | |
| Income taxes | 67/77 | €1,094 | €384 | -€709 | -64.9% |
| Profit (loss) for the period | 9904 | -€16,697 | €77,587 | +€94,284 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,697 | €77,587 | +€94,284 |
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 26 October 2026 via checked.be.