JAN STEENACKERS: 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 STEENACKERS
Largest movements
- Receivables within one year +€35,081
up €35,081 (+988%), from €3,549 to €38,630
of which Trade receivables: +€32,724
- Cash -€32,332
down €32,332 (-22.4%), from €144,155 to €111,823
mainly Contributions, distributions and other (-€59,553) and Receivables within one year (-€35,081)
- Tangible fixed assets -€9,379
down €9,379 (-60.6%), from €15,486 to €6,107
of which Furniture and vehicles: -€6,107
- Reserves -€27,362
down €27,362 (-22.1%), from €123,667 to €96,305
- Other debts +€17,030
up €17,030 (+91.9%), from €18,540 to €35,570
- Tax, wage and social debts +€3,094
up €3,094 (+131%), from €2,363 to €5,457
- Gross operating margin +€21,069
up €21,069 (+57.8%), from €36,430 to €57,499
- Taxes +€6,841
up €6,841 (+81.9%), from €8,357 to €15,198
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 | €163,712 | €157,094 | -€6,618 | -4.0% |
| Fixed assets | 21/28 | €15,486 | €6,107 | -€9,379 | -60.6% |
| Tangible fixed assets | 22/27 | €15,486 | €6,107 | -€9,379 | -60.6% |
| Plant, machinery and equipment | 23 | €8,207 | €4,935 | -€3,272 | -39.9% |
| Furniture and vehicles | 24 | €7,279 | €1,172 | -€6,107 | -83.9% |
| Current assets | 29/58 | €148,225 | €150,987 | +€2,761 | +1.9% |
| Amounts receivable within one year | 40/41 | €3,549 | €38,630 | +€35,081 | +988% |
| Trade receivables | 40 | €1,906 | €34,630 | +€32,724 | +1,717% |
| Other amounts receivable | 41 | €1,643 | €4,000 | +€2,357 | +143% |
| Cash at bank and in hand | 54/58 | €144,155 | €111,823 | -€32,332 | -22.4% |
| Deferred charges and accrued income | 490/1 | €522 | €534 | +€12 | +2.3% |
| Total equity and liabilities | 10/49 | €163,712 | €157,094 | -€6,618 | -4.0% |
| Equity | 10/15 | €142,267 | €114,905 | -€27,362 | -19.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €123,667 | €96,305 | -€27,362 | -22.1% |
| Distributable reserves | 133 | €123,667 | €96,305 | -€27,362 | -22.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €21,445 | €42,189 | +€20,745 | +96.7% |
| Amounts payable within one year | 42/48 | €21,445 | €41,589 | +€20,145 | +93.9% |
| Trade debts | 44 | €542 | €562 | +€20 | +3.7% |
| Suppliers | 440/4 | €542 | €562 | +€20 | +3.7% |
| Taxes, remuneration and social security | 45 | €2,363 | €5,457 | +€3,094 | +131% |
| Taxes | 450/3 | €2,363 | €5,457 | +€3,094 | +131% |
| Other amounts payable | 47/48 | €18,540 | €35,570 | +€17,030 | +91.9% |
| Accrued charges and deferred income | 492/3 | - | €600 | +€600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,512 | €9,379 | -€132 | -1.4% |
| Other operating charges | 640/8 | €639 | €656 | +€18 | +2.8% |
| Gross operating margin | 9900 | €36,430 | €57,499 | +€21,069 | +57.8% |
| Operating profit (loss) | 9901 | €26,280 | €47,464 | +€21,184 | +80.6% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €58 | €75 | +€17 | +30.2% |
| Recurring financial charges | 65 | €58 | €75 | +€17 | +30.2% |
| Profit (loss) for the period before taxes | 9903 | €26,222 | €47,388 | +€21,166 | +80.7% |
| Income taxes | 67/77 | €8,357 | €15,198 | +€6,841 | +81.9% |
| Profit (loss) for the period | 9904 | €17,865 | €32,191 | +€14,325 | +80.2% |
| Profit (loss) for the period to be appropriated | 9905 | €17,865 | €32,191 | +€14,325 | +80.2% |
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.