JANAOR: 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.
JANAOR
Largest movements
- Receivables within one year +€4,794
up €4,794 (+8.1%), from €58,838 to €63,632
of which Trade receivables: +€7,199
- Cash -€1,604
down €1,604 (-35.4%), from €4,527 to €2,924
mainly Contributions, distributions and other (-€44,457) and Receivables within one year (-€4,794)
- Tax, wage and social debts +€2,579
up €2,579 (+191%), from €1,348 to €3,927
- Profit (loss) carried forward +€1,302
up €1,302 (+74.8%), from €1,740 to €3,043
- Gross operating margin +€8,826
up €8,826 (+18.1%), from €48,695 to €57,521
- Write-downs +€8,750
new in 2026: €8,750
- Financial income -€660
down €660 (-24.5%), from €2,689 to €2,029
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €64,463 | €67,523 | +€3,060 | +4.7% |
| Fixed assets | 21/28 | €241 | - | -€241 | |
| Tangible fixed assets | 22/27 | €241 | - | -€241 | |
| Furniture and vehicles | 24 | €241 | - | -€241 | |
| Current assets | 29/58 | €64,222 | €67,523 | +€3,301 | +5.1% |
| Amounts receivable within one year | 40/41 | €58,838 | €63,632 | +€4,794 | +8.1% |
| Trade receivables | 40 | €9,441 | €16,640 | +€7,199 | +76.3% |
| Other amounts receivable | 41 | €49,397 | €46,992 | -€2,405 | -4.9% |
| Cash at bank and in hand | 54/58 | €4,527 | €2,924 | -€1,604 | -35.4% |
| Deferred charges and accrued income | 490/1 | €857 | €967 | +€111 | +12.9% |
| Total equity and liabilities | 10/49 | €64,463 | €67,523 | +€3,060 | +4.7% |
| Equity | 10/15 | €9,800 | €11,103 | +€1,302 | +13.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,740 | €3,043 | +€1,302 | +74.8% |
| Amounts payable | 17/49 | €54,663 | €56,421 | +€1,758 | +3.2% |
| Amounts payable within one year | 42/48 | €54,663 | €56,421 | +€1,758 | +3.2% |
| Trade debts | 44 | €4,903 | €4,624 | -€279 | -5.7% |
| Suppliers | 440/4 | €4,903 | €4,624 | -€279 | -5.7% |
| Advances received on contracts in progress | 46 | €3,412 | €3,412 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €1,348 | €3,927 | +€2,579 | +191% |
| Taxes | 450/3 | €1,348 | €3,927 | +€2,579 | +191% |
| Other amounts payable | 47/48 | €45,000 | €44,457 | -€543 | -1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €772 | €241 | -€531 | -68.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €8,750 | +€8,750 | |
| Other operating charges | 640/8 | €1,872 | €2,158 | +€285 | +15.2% |
| Gross operating margin | 9900 | €48,695 | €57,521 | +€8,826 | +18.1% |
| Operating profit (loss) | 9901 | €46,051 | €46,373 | +€322 | +0.7% |
| Financial income | 75/76B | €2,689 | €2,029 | -€660 | -24.5% |
| Recurring financial income | 75 | €2,689 | €2,029 | -€660 | -24.5% |
| Financial charges | 65/66B | €637 | €745 | +€107 | +16.8% |
| Recurring financial charges | 65 | €637 | €745 | +€107 | +16.8% |
| Profit (loss) for the period before taxes | 9903 | €48,103 | €47,657 | -€446 | -0.9% |
| Income taxes | 67/77 | €2,248 | €1,898 | -€351 | -15.6% |
| Profit (loss) for the period | 9904 | €45,854 | €45,759 | -€95 | -0.2% |
| Profit (loss) for the period to be appropriated | 9905 | €45,854 | €45,759 | -€95 | -0.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.