JAN ZYDE: 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 ZYDE
Largest movements
- Cash +€137,866
up €137,866 (+45.9%), from €300,118 to €437,983
mainly Depreciation (+€133,267) and Net result for the year (+€72,322)
- Tangible fixed assets -€88,816
down €88,816 (-20.0%), from €443,986 to €355,170
of which Plant, machinery and equipment: -€82,818
- Stocks and contracts -€52,677
down €52,677 (-22.1%), from €238,329 to €185,652
- Receivables within one year -€11,699
down €11,699 (-6.9%), from €169,814 to €158,115
of which Trade receivables: -€25,733
- Current portion of long-term debt -€31,875
down €31,875 (-42.6%), from €74,768 to €42,893
- Other debts +€15,599
up €15,599 (+143%), from €10,897 to €26,495
- Gross operating margin +€23,401
up €23,401 (+10.8%), from €215,775 to €239,175
- Depreciation -€14,763
down €14,763 (-10.0%), from €148,030 to €133,267
- Taxes +€11,759
up €11,759 (+65.9%), from €17,855 to €29,614
- Financial income +€3,013
up €3,013 (+311%), from €968 to €3,982
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 | €1,165,813 | €1,148,414 | -€17,399 | -1.5% |
| Fixed assets | 21/28 | €443,986 | €355,170 | -€88,816 | -20.0% |
| Tangible fixed assets | 22/27 | €443,986 | €355,170 | -€88,816 | -20.0% |
| Land and buildings | 22 | €131,448 | €119,919 | -€11,529 | -8.8% |
| Plant, machinery and equipment | 23 | €214,892 | €132,074 | -€82,818 | -38.5% |
| Furniture and vehicles | 24 | €97,646 | €103,177 | +€5,531 | +5.7% |
| Current assets | 29/58 | €721,827 | €793,244 | +€71,417 | +9.9% |
| Stocks and contracts in progress | 3 | €238,329 | €185,652 | -€52,677 | -22.1% |
| Stocks | 30/36 | €238,329 | €185,652 | -€52,677 | -22.1% |
| Amounts receivable within one year | 40/41 | €169,814 | €158,115 | -€11,699 | -6.9% |
| Trade receivables | 40 | €165,075 | €139,342 | -€25,733 | -15.6% |
| Other amounts receivable | 41 | €4,739 | €18,773 | +€14,034 | +296% |
| Cash at bank and in hand | 54/58 | €300,118 | €437,983 | +€137,866 | +45.9% |
| Deferred charges and accrued income | 490/1 | €13,566 | €11,494 | -€2,072 | -15.3% |
| Total equity and liabilities | 10/49 | €1,165,813 | €1,148,414 | -€17,399 | -1.5% |
| Equity | 10/15 | €1,009,867 | €1,006,706 | -€3,161 | -0.3% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €979,867 | €976,706 | -€3,161 | -0.3% |
| Tax-exempt reserves | 132 | €42,100 | €42,100 | = | 0.0% |
| Distributable reserves | 133 | €937,767 | €934,606 | -€3,161 | -0.3% |
| Amounts payable | 17/49 | €155,946 | €141,708 | -€14,238 | -9.1% |
| Amounts payable after more than one year | 17 | €47,200 | €46,359 | -€841 | -1.8% |
| Financial debts | 170/4 | €47,200 | €46,359 | -€841 | -1.8% |
| Amounts payable within one year | 42/48 | €107,399 | €94,687 | -€12,713 | -11.8% |
| Current portion of amounts payable after more than one year | 42 | €74,768 | €42,893 | -€31,875 | -42.6% |
| Trade debts | 44 | €10,000 | €7,018 | -€2,982 | -29.8% |
| Suppliers | 440/4 | €10,000 | €7,018 | -€2,982 | -29.8% |
| Advances received on contracts in progress | 46 | €1,468 | - | -€1,468 | |
| Taxes, remuneration and social security | 45 | €10,266 | €18,280 | +€8,014 | +78.1% |
| Taxes | 450/3 | €10,266 | €18,280 | +€8,014 | +78.1% |
| Other amounts payable | 47/48 | €10,897 | €26,495 | +€15,599 | +143% |
| Accrued charges and deferred income | 492/3 | €1,347 | €663 | -€684 | -50.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €148,030 | €133,267 | -€14,763 | -10.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €232 | +€232 | |
| Other operating charges | 640/8 | €3,252 | €3,510 | +€258 | +7.9% |
| Gross operating margin | 9900 | €215,775 | €239,175 | +€23,401 | +10.8% |
| Operating profit (loss) | 9901 | €64,492 | €102,166 | +€37,674 | +58.4% |
| Financial income | 75/76B | €968 | €3,982 | +€3,013 | +311% |
| Recurring financial income | 75 | €968 | €3,982 | +€3,013 | +311% |
| Financial charges | 65/66B | €4,537 | €4,212 | -€324 | -7.1% |
| Recurring financial charges | 65 | €4,537 | €4,212 | -€324 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €60,924 | €101,935 | +€41,012 | +67.3% |
| Income taxes | 67/77 | €17,855 | €29,614 | +€11,759 | +65.9% |
| Profit (loss) for the period | 9904 | €43,069 | €72,322 | +€29,253 | +67.9% |
| Profit (loss) for the period to be appropriated | 9905 | €43,069 | €72,322 | +€29,253 | +67.9% |
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 24 October 2026 via checked.be.