JANARK: what changed
Two fiscal 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.
JANARK
Largest movements
- Current investments +€32,947
up €32,947 (+7.2%), from €456,232 to €489,179
- Tangible fixed assets -€25,672
down €25,672 (-16.9%), from €151,608 to €125,936
of which Furniture and vehicles: -€18,840
- Financial fixed assets +€21,250
new in 2025: €21,250
- Cash +€7,454
up €7,454 (+29.2%), from €25,530 to €32,985
mainly Net result for the year (+€40,771) and Depreciation (+€36,472)
- Reserves +€40,771
up €40,771 (+8.0%), from €507,063 to €547,834
- Gross operating margin -€10,168
down €10,168 (-9.3%), from €108,878 to €98,710
- Taxes -€1,261
down €1,261 (-6.3%), from €20,015 to €18,754
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.
Cash bridge derived
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 | €653,187 | €686,838 | +€33,651 | +5.2% |
| Fixed assets | 21/28 | €151,608 | €147,186 | -€4,422 | -2.9% |
| Tangible fixed assets | 22/27 | €151,608 | €125,936 | -€25,672 | -16.9% |
| Plant, machinery and equipment | 23 | €18,101 | €11,943 | -€6,158 | -34.0% |
| Furniture and vehicles | 24 | €39,340 | €20,500 | -€18,840 | -47.9% |
| Other tangible fixed assets | 26 | €94,166 | €93,493 | -€673 | -0.7% |
| Financial fixed assets | 28 | - | €21,250 | +€21,250 | |
| Current assets | 29/58 | €501,580 | €539,653 | +€38,073 | +7.6% |
| Amounts receivable within one year | 40/41 | €12,868 | €12,868 | = | 0.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €12,868 | €12,868 | = | 0.0% |
| Current investments | 50/53 | €456,232 | €489,179 | +€32,947 | +7.2% |
| Cash at bank and in hand | 54/58 | €25,530 | €32,985 | +€7,454 | +29.2% |
| Deferred charges and accrued income | 490/1 | €6,949 | €4,620 | -€2,329 | -33.5% |
| Total equity and liabilities | 10/49 | €653,187 | €686,838 | +€33,651 | +5.2% |
| Equity | 10/15 | €515,952 | €556,724 | +€40,771 | +7.9% |
| Contributions | 10/11 | €8,889 | €8,889 | = | 0.0% |
| Reserves | 13 | €507,063 | €547,834 | +€40,771 | +8.0% |
| Distributable reserves | 133 | €507,063 | €547,834 | +€40,771 | +8.0% |
| Amounts payable | 17/49 | €137,235 | €130,115 | -€7,120 | -5.2% |
| Amounts payable within one year | 42/48 | €130,378 | €124,286 | -€6,092 | -4.7% |
| Trade debts | 44 | €2,318 | €2,980 | +€661 | +28.5% |
| Suppliers | 440/4 | €2,318 | €2,980 | +€661 | +28.5% |
| Taxes, remuneration and social security | 45 | €10,136 | €7,696 | -€2,440 | -24.1% |
| Taxes | 450/3 | €10,136 | €7,696 | -€2,440 | -24.1% |
| Other amounts payable | 47/48 | €117,923 | €113,611 | -€4,313 | -3.7% |
| Accrued charges and deferred income | 492/3 | €6,858 | €5,829 | -€1,029 | -15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,779 | €36,472 | -€306 | -0.8% |
| Other operating charges | 640/8 | €1,864 | €1,565 | -€299 | -16.1% |
| Gross operating margin | 9900 | €108,878 | €98,710 | -€10,168 | -9.3% |
| Operating profit (loss) | 9901 | €70,235 | €60,673 | -€9,562 | -13.6% |
| Financial income | 75/76B | €5,605 | €6,265 | +€660 | +11.8% |
| Recurring financial income | 75 | €5,605 | €6,265 | +€660 | +11.8% |
| Financial charges | 65/66B | €8,142 | €7,413 | -€729 | -9.0% |
| Recurring financial charges | 65 | €8,142 | €7,413 | -€729 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | €67,699 | €59,526 | -€8,173 | -12.1% |
| Income taxes | 67/77 | €20,015 | €18,754 | -€1,261 | -6.3% |
| Profit (loss) for the period | 9904 | €47,684 | €40,771 | -€6,913 | -14.5% |
| Profit (loss) for the period to be appropriated | 9905 | €47,684 | €40,771 | -€6,913 | -14.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.