Janco: 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.
What changed
Janco
NACE 64.210, Activities of holding companies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€2.2m
2024 · €1.4m+€801,865
Equity
€13.2m
2024 · €12.0m+€1.2m
Cash
€240,811
2024 · €100,989+€139,822
Balance sheet total
€14.3m
2024 · €13.6m+€768,693
Largest movements
Assets
- Receivables within one year +€337,832
up €337,832 (+56.6%), from €596,472 to €934,304
- Current investments +€300,000
up €300,000 (+5.2%), from €5.8m to €6.1m
Equity and liabilities
- Reserves +€1.2m
up €1.2m (+10.1%), from €11.9m to €13.1m
of which Distributable reserves: +€1.3m
- Other debts -€450,951
down €450,951 (-29.9%), from €1.5m to €1.1m
Income statement
- Financial income +€580,207
up €580,207 (+58.5%), from €992,159 to €1.6m
- Gross operating margin +€236,272
up €236,272 (+32.5%), from €726,814 to €963,086
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.
Result 2024
€1.4m
Gross operating margin
+€236,272
Staff costs
-€7,930
Other operating charges
+€378
Financial income
+€580,207
Financial charges
+€25
Taxes
-€7,088
Result 2025
€2.2m
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.
From operations
+€1.5m
Investment
-€300,000
Financing
-€1.0m
Cash 2024
€100,989
From operations (derived)
+€1.5m
Net result for the year
+€2.2m
Receivables within one year
-€337,832
Deferred charges and accrued income
+€8,961
Trade debts
+€50,997
Tax, wage and social debts
-€33,144
Other debts
-€450,951
Investment (derived)
-€300,000
Current investments
-€300,000
Financing
-€1.0m
Contributions, distributions and other
-€1.0m
Cash 2025
€240,811
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,554,016 | €14,322,709 | +€768,693 | +5.7% |
| Fixed assets | 21/28 | €7,095,273 | €7,095,273 | = | 0.0% |
| Financial fixed assets | 28 | €7,095,273 | €7,095,273 | = | 0.0% |
| Current assets | 29/58 | €6,458,744 | €7,227,437 | +€768,693 | +11.9% |
| Amounts receivable within one year | 40/41 | €596,472 | €934,304 | +€337,832 | +56.6% |
| Trade receivables | 40 | €596,472 | €934,304 | +€337,832 | +56.6% |
| Current investments | 50/53 | €5,750,000 | €6,050,000 | +€300,000 | +5.2% |
| Cash at bank and in hand | 54/58 | €100,989 | €240,811 | +€139,822 | +138.5% |
| Deferred charges and accrued income | 490/1 | €11,283 | €2,322 | -€8,961 | -79.4% |
| Total equity and liabilities | 10/49 | €13,554,016 | €14,322,709 | +€768,693 | +5.7% |
| Equity | 10/15 | €11,966,186 | €13,167,977 | +€1.2m | +10.0% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €11,900,400 | €13,102,977 | +€1.2m | +10.1% |
| Non-distributable reserves | 130/1 | €3,156,500 | €3,156,500 | = | 0.0% |
| Legal reserve | 130 | €6,500 | €6,500 | = | 0.0% |
| Own shares acquired | 1312 | €3,150,000 | €3,150,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €210,500 | €94,503 | -€115,997 | -55.1% |
| Distributable reserves | 133 | €8,533,400 | €9,851,975 | +€1.3m | +15.5% |
| Profit (loss) carried forward | 14 | €786 | - | -€786 | |
| Amounts payable | 17/49 | €1,587,831 | €1,154,732 | -€433,098 | -27.3% |
| Amounts payable within one year | 42/48 | €1,587,831 | €1,154,732 | -€433,098 | -27.3% |
| Trade debts | 44 | €6,036 | €57,032 | +€50,997 | +844.9% |
| Suppliers | 440/4 | €6,036 | €57,032 | +€50,997 | +844.9% |
| Taxes, remuneration and social security | 45 | €71,826 | €38,682 | -€33,144 | -46.1% |
| Taxes | 450/3 | €61,012 | €22,173 | -€38,839 | -63.7% |
| Remuneration and social security | 454/9 | €10,813 | €16,509 | +€5,695 | +52.7% |
| Other amounts payable | 47/48 | €1,509,969 | €1,059,018 | -€450,951 | -29.9% |
| Non-recurring operating income | 76A | - | €4,566 | +€4,566 | |
| Remuneration, social security and pensions | 62 | €94,664 | €102,594 | +€7,930 | +8.4% |
| Other operating charges | 640/8 | €671 | €293 | -€378 | -56.3% |
| Gross operating margin | 9900 | €726,814 | €963,086 | +€236,272 | +32.5% |
| Operating profit (loss) | 9901 | €631,479 | €860,199 | +€228,720 | +36.2% |
| Financial income | 75/76B | €992,159 | €1,572,366 | +€580,207 | +58.5% |
| Recurring financial income | 75 | €992,159 | €1,572,366 | +€580,207 | +58.5% |
| Financial charges | 65/66B | €1,472 | €1,446 | -€25 | -1.7% |
| Recurring financial charges | 65 | €1,472 | €1,446 | -€25 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | €1,622,166 | €2,431,118 | +€808,952 | +49.9% |
| Income taxes | 67/77 | €182,239 | €189,327 | +€7,088 | +3.9% |
| Profit (loss) for the period | 9904 | €1,439,927 | €2,241,792 | +€801,865 | +55.7% |
| Transfer from tax-exempt reserves | 789 | €142,400 | €115,997 | -€26,403 | -18.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,582,327 | €2,357,789 | +€775,462 | +49.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.