JANBELCO: 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.
JANBELCO
Largest movements
- Financial fixed assets +€328,661
up €328,661 (+27.0%), from €1.2m to €1.5m
- Revaluation surpluses +€328,661
new in 2025: €328,661
- Profit (loss) carried forward -€55,215
down €55,215 (-27.2%), from -€203,316 to -€258,531
- Debts after one year +€45,000
up €45,000 (+7.0%), from €640,000 to €685,000
- Financial charges +€9,360
up €9,360 (+35.1%), from €26,696 to €36,055
- Gross operating margin +€6,393
up €6,393 (+26.1%), from -€24,493 to -€18,099
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 | €2,391,623 | €2,710,218 | +€318,595 | +13.3% |
| Fixed assets | 21/28 | €1,217,907 | €1,546,568 | +€328,661 | +27.0% |
| Financial fixed assets | 28 | €1,217,907 | €1,546,568 | +€328,661 | +27.0% |
| Current assets | 29/58 | €1,173,716 | €1,163,650 | -€10,066 | -0.9% |
| Amounts receivable within one year | 40/41 | €1,116,641 | €1,118,398 | +€1,758 | +0.2% |
| Trade receivables | 40 | - | €684 | +€684 | |
| Other amounts receivable | 41 | €1,116,641 | €1,117,715 | +€1,074 | +0.1% |
| Current investments | 50/53 | €35,000 | €35,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €22,075 | €10,252 | -€11,824 | -53.6% |
| Total equity and liabilities | 10/49 | €2,391,623 | €2,710,218 | +€318,595 | +13.3% |
| Equity | 10/15 | €1,745,465 | €2,018,911 | +€273,446 | +15.7% |
| Contributions | 10/11 | €1,278,338 | €1,278,338 | = | 0.0% |
| Revaluation surpluses | 12 | - | €328,661 | +€328,661 | |
| Reserves | 13 | €670,443 | €670,443 | = | 0.0% |
| Distributable reserves | 133 | €670,443 | €670,443 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€203,316 | -€258,531 | -€55,215 | -27.2% |
| Amounts payable | 17/49 | €646,158 | €691,307 | +€45,149 | +7.0% |
| Amounts payable after more than one year | 17 | €640,000 | €685,000 | +€45,000 | +7.0% |
| Financial debts | 170/4 | €640,000 | €685,000 | +€45,000 | +7.0% |
| Amounts payable within one year | 42/48 | €6,158 | €6,307 | +€149 | +2.4% |
| Trade debts | 44 | €284 | €524 | +€240 | +84.7% |
| Suppliers | 440/4 | €284 | €524 | +€240 | +84.7% |
| Taxes, remuneration and social security | 45 | €4,800 | €5,783 | +€983 | +20.5% |
| Taxes | 450/3 | €4,800 | €5,783 | +€983 | +20.5% |
| Other amounts payable | 47/48 | €1,074 | €0 | -€1,074 | -100% |
| Other operating charges | 640/8 | €1,030 | €1,060 | +€31 | +3.0% |
| Gross operating margin | 9900 | -€24,493 | -€18,099 | +€6,393 | +26.1% |
| Operating profit (loss) | 9901 | -€25,522 | -€19,160 | +€6,362 | +24.9% |
| Financial charges | 65/66B | €26,696 | €36,055 | +€9,360 | +35.1% |
| Recurring financial charges | 65 | €26,696 | €36,055 | +€9,360 | +35.1% |
| Profit (loss) for the period before taxes | 9903 | -€52,218 | -€55,215 | -€2,997 | -5.7% |
| Profit (loss) for the period | 9904 | -€52,218 | -€55,215 | -€2,997 | -5.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€52,218 | -€55,215 | -€2,997 | -5.7% |
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 20 October 2026 via checked.be.