Jana Faes: 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.
Jana Faes
Largest movements
- Cash +€31,569
up €31,569 (+109%), from €28,993 to €60,562
mainly Net result for the year (+€24,286) and Receivables within one year (+€17,908)
- Receivables within one year -€17,908
no longer reported in 2025 (was €17,908)
- Tangible fixed assets +€1,370
new in 2025: €1,370
- Reserves +€24,286
up €24,286 (+68.7%), from €35,338 to €59,624
- Short-term financial debts -€11,871
down €11,871 (-80.0%), from €14,839 to €2,968
- Tax, wage and social debts +€6,358
up €6,358 (+32.8%), from €19,389 to €25,747
of which Taxes: +€5,818
- Debts after one year -€3,791
down €3,791 (-9.8%), from €38,802 to €35,011
- Gross operating margin -€15,095
down €15,095 (-29.6%), from €50,912 to €35,817
- Taxes -€3,899
down €3,899 (-31.4%), from €12,416 to €8,517
- Financial charges +€1,170
up €1,170 (+100%), from €1,167 to €2,337
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 | €115,643 | €130,809 | +€15,166 | +13.1% |
| Fixed assets | 21/28 | €68,743 | €70,113 | +€1,370 | +2.0% |
| Tangible fixed assets | 22/27 | - | €1,370 | +€1,370 | |
| Plant, machinery and equipment | 23 | - | €1,370 | +€1,370 | |
| Financial fixed assets | 28 | €68,743 | €68,743 | = | 0.0% |
| Current assets | 29/58 | €46,901 | €60,696 | +€13,796 | +29.4% |
| Amounts receivable within one year | 40/41 | €17,908 | - | -€17,908 | |
| Trade receivables | 40 | €17,908 | - | -€17,908 | |
| Cash at bank and in hand | 54/58 | €28,993 | €60,562 | +€31,569 | +109% |
| Deferred charges and accrued income | 490/1 | - | €134 | +€134 | |
| Total equity and liabilities | 10/49 | €115,643 | €130,809 | +€15,166 | +13.1% |
| Equity | 10/15 | €37,838 | €62,124 | +€24,286 | +64.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €35,338 | €59,624 | +€24,286 | +68.7% |
| Distributable reserves | 133 | €35,338 | €59,624 | +€24,286 | +68.7% |
| Amounts payable | 17/49 | €77,805 | €68,685 | -€9,120 | -11.7% |
| Amounts payable after more than one year | 17 | €38,802 | €35,011 | -€3,791 | -9.8% |
| Financial debts | 170/4 | €38,802 | €35,011 | -€3,791 | -9.8% |
| Amounts payable within one year | 42/48 | €39,004 | €33,675 | -€5,329 | -13.7% |
| Current portion of amounts payable after more than one year | 42 | €3,608 | €3,791 | +€183 | +5.1% |
| Financial debts | 43 | €14,839 | €2,968 | -€11,871 | -80.0% |
| Other loans | 439 | €14,839 | €2,968 | -€11,871 | -80.0% |
| Trade debts | 44 | - | €120 | +€120 | |
| Suppliers | 440/4 | - | €120 | +€120 | |
| Taxes, remuneration and social security | 45 | €19,389 | €25,747 | +€6,358 | +32.8% |
| Taxes | 450/3 | €19,389 | €25,207 | +€5,818 | +30.0% |
| Remuneration and social security | 454/9 | - | €540 | +€540 | |
| Other amounts payable | 47/48 | €1,168 | €1,049 | -€119 | -10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €16 | +€16 | |
| Other operating charges | 640/8 | €991 | €660 | -€330 | -33.3% |
| Gross operating margin | 9900 | €50,912 | €35,817 | -€15,095 | -29.6% |
| Operating profit (loss) | 9901 | €49,921 | €35,140 | -€14,781 | -29.6% |
| Financial charges | 65/66B | €1,167 | €2,337 | +€1,170 | +100% |
| Recurring financial charges | 65 | €1,167 | €2,337 | +€1,170 | +100% |
| Profit (loss) for the period before taxes | 9903 | €48,754 | €32,803 | -€15,950 | -32.7% |
| Income taxes | 67/77 | €12,416 | €8,517 | -€3,899 | -31.4% |
| Profit (loss) for the period | 9904 | €36,338 | €24,286 | -€12,052 | -33.2% |
| Profit (loss) for the period to be appropriated | 9905 | €36,338 | €24,286 | -€12,052 | -33.2% |
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 13 October 2026 via checked.be.