JAN STAUT: 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 STAUT
Largest movements
- Receivables within one year +€32,354
up €32,354 (+29.9%), from €108,353 to €140,707
of which Trade receivables: +€31,046
- Tangible fixed assets -€19,926
down €19,926 (-10.7%), from €186,323 to €166,397
of which Leasing and similar rights: -€12,066
- Reserves +€32,387
up €32,387 (+540%), from €6,000 to €38,387
of which Distributable reserves: +€38,387
- Debts after one year -€23,665
down €23,665 (-15.0%), from €157,998 to €134,333
- Tax, wage and social debts +€15,569
up €15,569 (+71.1%), from €21,897 to €37,466
- Trade debts -€7,730
down €7,730 (-43.9%), from €17,612 to €9,882
- Profit (loss) carried forward +€6,000
up €6,000 (+8.4%), from €71,023 to €77,023
- Gross operating margin +€32,778
up €32,778 (+61.3%), from €53,493 to €86,271
- Taxes +€14,742
up €14,742 (+252%), from €5,850 to €20,592
- Financial charges -€2,975
down €2,975 (-21.4%), from €13,898 to €10,923
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 | €380,130 | €396,903 | +€16,773 | +4.4% |
| Fixed assets | 21/28 | €186,323 | €166,397 | -€19,926 | -10.7% |
| Tangible fixed assets | 22/27 | €186,323 | €166,397 | -€19,926 | -10.7% |
| Land and buildings | 22 | €159,340 | €151,957 | -€7,383 | -4.6% |
| Plant, machinery and equipment | 23 | €292 | €88 | -€204 | -69.9% |
| Furniture and vehicles | 24 | €445 | €172 | -€273 | -61.3% |
| Leasing and similar rights | 25 | €26,246 | €14,180 | -€12,066 | -46.0% |
| Current assets | 29/58 | €193,807 | €230,506 | +€36,699 | +18.9% |
| Stocks and contracts in progress | 3 | €72,060 | €75,344 | +€3,284 | +4.6% |
| Stocks | 30/36 | €72,060 | €75,344 | +€3,284 | +4.6% |
| Amounts receivable within one year | 40/41 | €108,353 | €140,707 | +€32,354 | +29.9% |
| Trade receivables | 40 | €7,665 | €38,711 | +€31,046 | +405% |
| Other amounts receivable | 41 | €100,688 | €101,996 | +€1,308 | +1.3% |
| Current investments | 50/53 | €7,591 | €7,658 | +€67 | +0.9% |
| Cash at bank and in hand | 54/58 | €5,803 | €6,797 | +€994 | +17.1% |
| Total equity and liabilities | 10/49 | €380,130 | €396,903 | +€16,773 | +4.4% |
| Equity | 10/15 | €137,023 | €175,410 | +€38,387 | +28.0% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €6,000 | €38,387 | +€32,387 | +540% |
| Non-distributable reserves | 130/1 | €6,000 | - | -€6,000 | |
| Reserves not available under the articles | 1311 | €6,000 | - | -€6,000 | |
| Distributable reserves | 133 | - | €38,387 | +€38,387 | |
| Profit (loss) carried forward | 14 | €71,023 | €77,023 | +€6,000 | +8.4% |
| Amounts payable | 17/49 | €243,107 | €221,493 | -€21,614 | -8.9% |
| Amounts payable after more than one year | 17 | €157,998 | €134,333 | -€23,665 | -15.0% |
| Financial debts | 170/4 | €157,998 | €134,333 | -€23,665 | -15.0% |
| Amounts payable within one year | 42/48 | €84,199 | €86,466 | +€2,267 | +2.7% |
| Current portion of amounts payable after more than one year | 42 | €26,713 | €23,140 | -€3,573 | -13.4% |
| Financial debts | 43 | €17,977 | €15,978 | -€1,999 | -11.1% |
| Credit institutions | 430/8 | €17,977 | €15,978 | -€1,999 | -11.1% |
| Trade debts | 44 | €17,612 | €9,882 | -€7,730 | -43.9% |
| Suppliers | 440/4 | €17,612 | €9,882 | -€7,730 | -43.9% |
| Taxes, remuneration and social security | 45 | €21,897 | €37,466 | +€15,569 | +71.1% |
| Taxes | 450/3 | €21,897 | €37,466 | +€15,569 | +71.1% |
| Accrued charges and deferred income | 492/3 | €910 | €694 | -€216 | -23.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,288 | €19,926 | -€362 | -1.8% |
| Other operating charges | 640/8 | €2,753 | €2,105 | -€648 | -23.5% |
| Gross operating margin | 9900 | €53,493 | €86,271 | +€32,778 | +61.3% |
| Operating profit (loss) | 9901 | €30,452 | €64,240 | +€33,788 | +111% |
| Financial income | 75/76B | €5,498 | €5,662 | +€164 | +3.0% |
| Recurring financial income | 75 | €5,498 | €5,662 | +€164 | +3.0% |
| Financial charges | 65/66B | €13,898 | €10,923 | -€2,975 | -21.4% |
| Recurring financial charges | 65 | €13,898 | €10,923 | -€2,975 | -21.4% |
| Profit (loss) for the period before taxes | 9903 | €22,052 | €58,979 | +€36,927 | +167% |
| Income taxes | 67/77 | €5,850 | €20,592 | +€14,742 | +252% |
| Profit (loss) for the period | 9904 | €16,202 | €38,387 | +€22,185 | +137% |
| Profit (loss) for the period to be appropriated | 9905 | €16,202 | €38,387 | +€22,185 | +137% |
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.