JANA KERN: 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 KERN
Largest movements
- Receivables within one year +€120,065
up €120,065 (+151%), from €79,256 to €199,321
of which Other amounts receivable: +€93,219
- Reserves +€74,305
up €74,305 (+47.4%), from €156,688 to €230,992
- Other debts +€42,500
new in 2025: €42,500
- Tax, wage and social debts +€3,314
up €3,314 (+17.0%), from €19,461 to €22,775
- Gross operating margin +€48,562
up €48,562 (+44.3%), from €109,665 to €158,228
- Taxes +€12,781
up €12,781 (+56.1%), from €22,800 to €35,581
- Financial income +€2,300
up €2,300 (+706%), from €326 to €2,626
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 | €181,318 | €300,585 | +€119,267 | +65.8% |
| Fixed assets | 21/28 | €348 | €0 | -€348 | -100% |
| Tangible fixed assets | 22/27 | €348 | €0 | -€348 | -100% |
| Furniture and vehicles | 24 | €348 | €0 | -€348 | -100% |
| Current assets | 29/58 | €180,970 | €300,585 | +€119,615 | +66.1% |
| Amounts receivable within one year | 40/41 | €79,256 | €199,321 | +€120,065 | +151% |
| Trade receivables | 40 | €74,745 | €101,591 | +€26,846 | +35.9% |
| Other amounts receivable | 41 | €4,511 | €97,730 | +€93,219 | +2,067% |
| Cash at bank and in hand | 54/58 | €100,844 | €100,159 | -€685 | -0.7% |
| Deferred charges and accrued income | 490/1 | €870 | €1,105 | +€235 | +27.0% |
| Total equity and liabilities | 10/49 | €181,318 | €300,585 | +€119,267 | +65.8% |
| Equity | 10/15 | €159,688 | €233,992 | +€74,305 | +46.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €156,688 | €230,992 | +€74,305 | +47.4% |
| Distributable reserves | 133 | €156,688 | €230,992 | +€74,305 | +47.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €21,630 | €66,592 | +€44,962 | +208% |
| Amounts payable within one year | 42/48 | €21,630 | €66,592 | +€44,962 | +208% |
| Financial debts | 43 | €10 | €10 | = | 0.0% |
| Other loans | 439 | €10 | €10 | = | 0.0% |
| Trade debts | 44 | €2,160 | €1,307 | -€852 | -39.5% |
| Suppliers | 440/4 | €2,160 | €1,307 | -€852 | -39.5% |
| Taxes, remuneration and social security | 45 | €19,461 | €22,775 | +€3,314 | +17.0% |
| Taxes | 450/3 | €19,461 | €22,775 | +€3,314 | +17.0% |
| Other amounts payable | 47/48 | - | €42,500 | +€42,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €423 | €348 | -€75 | -17.8% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €109,665 | €158,228 | +€48,562 | +44.3% |
| Operating profit (loss) | 9901 | €108,737 | €157,360 | +€48,623 | +44.7% |
| Financial income | 75/76B | €326 | €2,626 | +€2,300 | +706% |
| Recurring financial income | 75 | €326 | €2,626 | +€2,300 | +706% |
| Financial charges | 65/66B | €99 | €100 | +€1 | +1.4% |
| Recurring financial charges | 65 | €99 | €100 | +€1 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | €108,964 | €159,886 | +€50,922 | +46.7% |
| Income taxes | 67/77 | €22,800 | €35,581 | +€12,781 | +56.1% |
| Profit (loss) for the period | 9904 | €86,164 | €124,305 | +€38,141 | +44.3% |
| Profit (loss) for the period to be appropriated | 9905 | €86,164 | €124,305 | +€38,141 | +44.3% |
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 29 October 2026 via checked.be.