JAN STIJNS: 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 STIJNS
Largest movements
- Receivables within one year +€515,707
up €515,707 (+83.0%), from €621,365 to €1.1m
of which Other amounts receivable: +€508,313
- Cash -€312,557
down €312,557 (-39.9%), from €784,310 to €471,752
mainly Receivables within one year (-€515,707) and Investment in fixed assets (net) (-€200,000)
- Tangible fixed assets +€171,137
up €171,137 (+55.1%), from €310,494 to €481,631
of which Land and buildings: +€172,984
- Reserves +€358,978
up €358,978 (+17.9%), from €2.0m to €2.4m
of which Distributable reserves: +€358,978
- Other operating charges +€32,075
up €32,075 (+484%), from €6,628 to €38,703
- Financial income +€23,700
up €23,700 (+28.0%), from €84,773 to €108,473
- Gross operating margin +€21,965
up €21,965 (+4.5%), from €488,445 to €510,410
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 | €3,188,460 | €3,581,607 | +€393,147 | +12.3% |
| Fixed assets | 21/28 | €313,144 | €484,281 | +€171,137 | +54.7% |
| Tangible fixed assets | 22/27 | €310,494 | €481,631 | +€171,137 | +55.1% |
| Land and buildings | 22 | €302,887 | €475,871 | +€172,984 | +57.1% |
| Plant, machinery and equipment | 23 | €1,249 | €945 | -€304 | -24.3% |
| Furniture and vehicles | 24 | €6,358 | €4,815 | -€1,543 | -24.3% |
| Financial fixed assets | 28 | €2,650 | €2,650 | = | 0.0% |
| Current assets | 29/58 | €2,875,316 | €3,097,326 | +€222,010 | +7.7% |
| Amounts receivable after more than one year | 29 | €1,384,913 | €1,381,413 | -€3,500 | -0.3% |
| Other amounts receivable | 291 | €1,384,913 | €1,381,413 | -€3,500 | -0.3% |
| Amounts receivable within one year | 40/41 | €621,365 | €1,137,072 | +€515,707 | +83.0% |
| Trade receivables | 40 | €65,242 | €72,637 | +€7,394 | +11.3% |
| Other amounts receivable | 41 | €556,122 | €1,064,435 | +€508,313 | +91.4% |
| Cash at bank and in hand | 54/58 | €784,310 | €471,752 | -€312,557 | -39.9% |
| Deferred charges and accrued income | 490/1 | €84,728 | €107,088 | +€22,360 | +26.4% |
| Total equity and liabilities | 10/49 | €3,188,460 | €3,581,607 | +€393,147 | +12.3% |
| Equity | 10/15 | €2,893,486 | €3,252,464 | +€358,978 | +12.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €2,000,400 | €2,359,378 | +€358,978 | +17.9% |
| Non-distributable reserves | 130/1 | €44,097 | €44,097 | = | 0.0% |
| Reserves not available under the articles | 1311 | €44,097 | €44,097 | = | 0.0% |
| Distributable reserves | 133 | €1,956,303 | €2,315,281 | +€358,978 | +18.3% |
| Profit (loss) carried forward | 14 | €874,494 | €874,494 | = | 0.0% |
| Provisions and deferred taxes | 16 | €106,820 | €106,820 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €106,820 | €106,820 | = | 0.0% |
| Pensions and similar obligations | 160 | €106,820 | €106,820 | = | 0.0% |
| Amounts payable | 17/49 | €188,155 | €222,323 | +€34,169 | +18.2% |
| Amounts payable within one year | 42/48 | €138,467 | €162,293 | +€23,826 | +17.2% |
| Financial debts | 43 | €50,514 | €58,730 | +€8,217 | +16.3% |
| Credit institutions | 430/8 | €50,514 | €58,730 | +€8,217 | +16.3% |
| Trade debts | 44 | €5,021 | €6,050 | +€1,029 | +20.5% |
| Suppliers | 440/4 | €5,021 | €6,050 | +€1,029 | +20.5% |
| Taxes, remuneration and social security | 45 | €70,048 | €81,628 | +€11,580 | +16.5% |
| Taxes | 450/3 | €70,048 | €81,628 | +€11,580 | +16.5% |
| Other amounts payable | 47/48 | €12,885 | €15,885 | +€3,000 | +23.3% |
| Accrued charges and deferred income | 492/3 | €49,687 | €60,030 | +€10,343 | +20.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,326 | €28,863 | +€3,538 | +14.0% |
| Other operating charges | 640/8 | €6,628 | €38,703 | +€32,075 | +484% |
| Gross operating margin | 9900 | €488,445 | €510,410 | +€21,965 | +4.5% |
| Operating profit (loss) | 9901 | €456,491 | €442,844 | -€13,648 | -3.0% |
| Financial income | 75/76B | €84,773 | €108,473 | +€23,700 | +28.0% |
| Recurring financial income | 75 | €84,773 | €108,473 | +€23,700 | +28.0% |
| Financial charges | 65/66B | €6,447 | €5,543 | -€904 | -14.0% |
| Recurring financial charges | 65 | €6,447 | €5,543 | -€904 | -14.0% |
| Profit (loss) for the period before taxes | 9903 | €534,817 | €545,773 | +€10,956 | +2.0% |
| Income taxes | 67/77 | €173,938 | €171,796 | -€2,142 | -1.2% |
| Profit (loss) for the period | 9904 | €360,880 | €373,978 | +€13,098 | +3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €360,880 | €373,978 | +€13,098 | +3.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.