Jan Van Neder: 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 Van Neder
Largest movements
- Cash -€11,918
down €11,918 (-22.2%), from €53,636 to €41,718
mainly Tax, wage and social debts (-€26,507) and Other debts (-€10,971)
- Receivables within one year -€9,668
down €9,668 (-69.9%), from €13,824 to €4,156
of which Trade receivables: -€11,495
- Tax, wage and social debts -€26,507
down €26,507 (-91.5%), from €28,966 to €2,459
of which Taxes: -€25,068
- Reserves +€16,623
up €16,623 (+5.0%), from €333,287 to €349,909
- Other debts -€10,971
down €10,971 (-23.2%), from €47,196 to €36,225
- Financial income +€7,826
up €7,826 (+149%), from €5,244 to €13,070
- Taxes +€2,582
up €2,582 (+44.9%), from €5,752 to €8,334
- Financial charges +€2,103
up €2,103 (+67.4%), from €3,120 to €5,224
- Depreciation -€862
down €862 (-43.3%), from €1,992 to €1,130
- Gross operating margin +€755
up €755 (+4.0%), from €18,880 to €19,636
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 | €421,268 | €397,732 | -€23,536 | -5.6% |
| Fixed assets | 21/28 | €3,537 | €2,408 | -€1,130 | -31.9% |
| Tangible fixed assets | 22/27 | €3,537 | €2,408 | -€1,130 | -31.9% |
| Furniture and vehicles | 24 | €3,537 | €2,408 | -€1,130 | -31.9% |
| Current assets | 29/58 | €417,731 | €395,325 | -€22,406 | -5.4% |
| Amounts receivable within one year | 40/41 | €13,824 | €4,156 | -€9,668 | -69.9% |
| Trade receivables | 40 | €11,495 | €0 | -€11,495 | -100% |
| Other amounts receivable | 41 | €2,329 | €4,156 | +€1,827 | +78.5% |
| Current investments | 50/53 | €350,270 | €346,504 | -€3,766 | -1.1% |
| Cash at bank and in hand | 54/58 | €53,636 | €41,718 | -€11,918 | -22.2% |
| Deferred charges and accrued income | 490/1 | €0 | €2,946 | +€2,946 | |
| Total equity and liabilities | 10/49 | €421,268 | €397,732 | -€23,536 | -5.6% |
| Equity | 10/15 | €339,487 | €356,109 | +€16,623 | +4.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €333,287 | €349,909 | +€16,623 | +5.0% |
| Distributable reserves | 133 | €333,287 | €349,909 | +€16,623 | +5.0% |
| Amounts payable | 17/49 | €81,781 | €41,623 | -€40,159 | -49.1% |
| Amounts payable within one year | 42/48 | €81,781 | €41,623 | -€40,159 | -49.1% |
| Trade debts | 44 | €5,619 | €2,939 | -€2,680 | -47.7% |
| Suppliers | 440/4 | €5,619 | €2,939 | -€2,680 | -47.7% |
| Taxes, remuneration and social security | 45 | €28,966 | €2,459 | -€26,507 | -91.5% |
| Taxes | 450/3 | €27,370 | €2,302 | -€25,068 | -91.6% |
| Remuneration and social security | 454/9 | €1,596 | €156 | -€1,440 | -90.2% |
| Other amounts payable | 47/48 | €47,196 | €36,225 | -€10,971 | -23.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,992 | €1,130 | -€862 | -43.3% |
| Other operating charges | 640/8 | €1,237 | €1,395 | +€158 | +12.8% |
| Gross operating margin | 9900 | €18,880 | €19,636 | +€755 | +4.0% |
| Operating profit (loss) | 9901 | €15,651 | €17,111 | +€1,460 | +9.3% |
| Financial income | 75/76B | €5,244 | €13,070 | +€7,826 | +149% |
| Recurring financial income | 75 | €5,244 | €13,070 | +€7,826 | +149% |
| Financial charges | 65/66B | €3,120 | €5,224 | +€2,103 | +67.4% |
| Recurring financial charges | 65 | €3,120 | €5,224 | +€2,103 | +67.4% |
| Profit (loss) for the period before taxes | 9903 | €17,775 | €24,957 | +€7,182 | +40.4% |
| Income taxes | 67/77 | €5,752 | €8,334 | +€2,582 | +44.9% |
| Profit (loss) for the period | 9904 | €12,023 | €16,623 | +€4,600 | +38.3% |
| Profit (loss) for the period to be appropriated | 9905 | €12,023 | €16,623 | +€4,600 | +38.3% |
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 18 October 2026 via checked.be.