Jan Van Roey: 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 Roey
Largest movements
- Cash +€85,710
up €85,710 (+618%), from €13,878 to €99,588
mainly Trade debts (+€204,482) and Short-term financial debts (+€167,705)
- Stocks and contracts +€79,521
up €79,521 (+2.9%), from €2.7m to €2.8m
- Trade debts +€204,482
up €204,482 (+49.8%), from €410,541 to €615,023
- Short-term financial debts +€167,705
up €167,705 (+6.1%), from €2.7m to €2.9m
- Debts after one year -€116,500
down €116,500 (-60.4%), from €192,876 to €76,376
- Tax, wage and social debts -€83,089
down €83,089 (-73.4%), from €113,168 to €30,079
of which Taxes: -€70,593
- Other debts -€82,115
down €82,115 (-18.4%), from €445,533 to €363,419
- Financial charges -€54,293
down €54,293 (-21.3%), from €254,574 to €200,281
- Gross operating margin +€39,435
up €39,435 (+6.4%), from €618,095 to €657,531
- Depreciation +€17,886
up €17,886 (+19.6%), from €91,025 to €108,911
- Taxes +€16,260
up €16,260 (+126%), from €12,858 to €29,117
- Staff costs +€14,490
up €14,490 (+6.2%), from €234,951 to €249,441
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 | €5,203,628 | €5,343,834 | +€140,207 | +2.7% |
| Fixed assets | 21/28 | €1,341,721 | €1,318,406 | -€23,315 | -1.7% |
| Tangible fixed assets | 22/27 | €1,341,451 | €1,318,136 | -€23,315 | -1.7% |
| Land and buildings | 22 | €1,084,225 | €1,032,225 | -€52,000 | -4.8% |
| Plant, machinery and equipment | 23 | €44,548 | €40,919 | -€3,629 | -8.1% |
| Furniture and vehicles | 24 | €66,032 | €88,397 | +€22,365 | +33.9% |
| Other tangible fixed assets | 26 | €146,646 | €156,595 | +€9,948 | +6.8% |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €3,861,907 | €4,025,429 | +€163,522 | +4.2% |
| Stocks and contracts in progress | 3 | €2,703,078 | €2,782,598 | +€79,521 | +2.9% |
| Stocks | 30/36 | €2,703,078 | €2,782,598 | +€79,521 | +2.9% |
| Amounts receivable within one year | 40/41 | €1,118,137 | €1,120,241 | +€2,104 | +0.2% |
| Trade receivables | 40 | €1,081,072 | €1,088,648 | +€7,576 | +0.7% |
| Other amounts receivable | 41 | €37,065 | €31,593 | -€5,472 | -14.8% |
| Cash at bank and in hand | 54/58 | €13,878 | €99,588 | +€85,710 | +618% |
| Deferred charges and accrued income | 490/1 | €26,814 | €23,001 | -€3,813 | -14.2% |
| Total equity and liabilities | 10/49 | €5,203,628 | €5,343,834 | +€140,207 | +2.7% |
| Equity | 10/15 | €1,138,832 | €1,194,993 | +€56,161 | +4.9% |
| Contributions | 10/11 | €321,354 | €321,354 | = | 0.0% |
| Capital | 10 | €321,354 | €321,354 | = | 0.0% |
| Issued capital | 100 | €321,354 | €321,354 | = | 0.0% |
| Reserves | 13 | €817,478 | €873,640 | +€56,161 | +6.9% |
| Non-distributable reserves | 130/1 | €47,856 | €47,856 | = | 0.0% |
| Legal reserve | 130 | €47,385 | €47,385 | = | 0.0% |
| Other | 1319 | €471 | €471 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,809 | €7,809 | = | 0.0% |
| Distributable reserves | 133 | €761,813 | €817,974 | +€56,161 | +7.4% |
| Amounts payable | 17/49 | €4,064,796 | €4,148,841 | +€84,045 | +2.1% |
| Amounts payable after more than one year | 17 | €192,876 | €76,376 | -€116,500 | -60.4% |
| Financial debts | 170/4 | €192,876 | €76,376 | -€116,500 | -60.4% |
| Amounts payable within one year | 42/48 | €3,831,037 | €4,038,020 | +€206,983 | +5.4% |
| Current portion of amounts payable after more than one year | 42 | €116,500 | €116,500 | = | 0.0% |
| Financial debts | 43 | €2,745,295 | €2,913,000 | +€167,705 | +6.1% |
| Credit institutions | 430/8 | €2,745,295 | €2,913,000 | +€167,705 | +6.1% |
| Trade debts | 44 | €410,541 | €615,023 | +€204,482 | +49.8% |
| Suppliers | 440/4 | €410,541 | €615,023 | +€204,482 | +49.8% |
| Taxes, remuneration and social security | 45 | €113,168 | €30,079 | -€83,089 | -73.4% |
| Taxes | 450/3 | €81,287 | €10,694 | -€70,593 | -86.8% |
| Remuneration and social security | 454/9 | €31,881 | €19,385 | -€12,496 | -39.2% |
| Other amounts payable | 47/48 | €445,533 | €363,419 | -€82,115 | -18.4% |
| Accrued charges and deferred income | 492/3 | €40,883 | €34,445 | -€6,438 | -15.7% |
| Non-recurring operating income | 76A | - | €150 | +€150 | |
| Remuneration, social security and pensions | 62 | €234,951 | €249,441 | +€14,490 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,025 | €108,911 | +€17,886 | +19.6% |
| Other operating charges | 640/8 | €10,913 | €9,677 | -€1,236 | -11.3% |
| Non-recurring operating charges | 66A | - | €16,835 | +€16,835 | |
| Gross operating margin | 9900 | €618,095 | €657,531 | +€39,435 | +6.4% |
| Operating profit (loss) | 9901 | €281,206 | €272,666 | -€8,539 | -3.0% |
| Financial income | 75/76B | €2,940 | €12,894 | +€9,954 | +339% |
| Recurring financial income | 75 | €2,940 | €12,894 | +€9,954 | +339% |
| Financial charges | 65/66B | €254,574 | €200,281 | -€54,293 | -21.3% |
| Recurring financial charges | 65 | €254,574 | €200,281 | -€54,293 | -21.3% |
| Profit (loss) for the period before taxes | 9903 | €29,572 | €85,279 | +€55,707 | +188% |
| Income taxes | 67/77 | €12,858 | €29,117 | +€16,260 | +126% |
| Profit (loss) for the period | 9904 | €16,714 | €56,161 | +€39,447 | +236% |
| Profit (loss) for the period to be appropriated | 9905 | €16,714 | €56,161 | +€39,447 | +236% |
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 1 November 2026 via checked.be.