JANE B: 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.
JANE B
Largest movements
- Cash +€27,048
up €27,048 (+69.9%), from €38,681 to €65,729
mainly Other debts (+€113,178) and Stocks and contracts (+€25,235)
- Stocks and contracts -€25,235
down €25,235 (-58.7%), from €43,000 to €17,766
- Receivables within one year -€21,098
down €21,098 (-2.3%), from €936,619 to €915,521
of which Trade receivables: -€26,444
- Trade debts -€129,444
down €129,444 (-35.2%), from €368,090 to €238,647
- Other debts +€113,178
up €113,178 (+16.6%), from €682,797 to €795,975
- Tax, wage and social debts -€16,531
down €16,531 (-61.2%), from €27,024 to €10,493
of which Taxes: -€16,562
- Depreciation -€3,825
down €3,825 (-33.5%), from €11,419 to €7,595
- Gross operating margin +€2,454
up €2,454 (+10.4%), from €23,701 to €26,155
- Taxes +€1,307
up €1,307 (+34.1%), from €3,834 to €5,141
- Other operating charges -€617
down €617 (-37.6%), from €1,638 to €1,021
- Financial charges -€480
down €480 (-21.6%), from €2,221 to €1,742
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 | €1,153,028 | €1,131,315 | -€21,713 | -1.9% |
| Fixed assets | 21/28 | €134,186 | €131,760 | -€2,426 | -1.8% |
| Tangible fixed assets | 22/27 | €27,768 | €25,342 | -€2,426 | -8.7% |
| Plant, machinery and equipment | 23 | €5,835 | €4,253 | -€1,582 | -27.1% |
| Furniture and vehicles | 24 | €21,933 | €21,089 | -€844 | -3.8% |
| Financial fixed assets | 28 | €106,418 | €106,418 | = | 0.0% |
| Current assets | 29/58 | €1,018,842 | €999,555 | -€19,287 | -1.9% |
| Stocks and contracts in progress | 3 | €43,000 | €17,766 | -€25,235 | -58.7% |
| Stocks | 30/36 | €43,000 | €17,766 | -€25,235 | -58.7% |
| Amounts receivable within one year | 40/41 | €936,619 | €915,521 | -€21,098 | -2.3% |
| Trade receivables | 40 | €933,529 | €907,085 | -€26,444 | -2.8% |
| Other amounts receivable | 41 | €3,090 | €8,436 | +€5,346 | +173.0% |
| Cash at bank and in hand | 54/58 | €38,681 | €65,729 | +€27,048 | +69.9% |
| Deferred charges and accrued income | 490/1 | €542 | €539 | -€3 | -0.5% |
| Total equity and liabilities | 10/49 | €1,153,028 | €1,131,315 | -€21,713 | -1.9% |
| Equity | 10/15 | €32,353 | €43,468 | +€11,115 | +34.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €13,882 | €24,997 | +€11,115 | +80.1% |
| Distributable reserves | 133 | €13,882 | €24,997 | +€11,115 | +80.1% |
| Profit (loss) carried forward | 14 | €6,071 | €6,071 | = | 0.0% |
| Amounts payable | 17/49 | €1,120,675 | €1,087,847 | -€32,828 | -2.9% |
| Amounts payable within one year | 42/48 | €1,120,675 | €1,087,847 | -€32,828 | -2.9% |
| Financial debts | 43 | €1,935 | €1,903 | -€32 | -1.6% |
| Credit institutions | 430/8 | €1,935 | €1,903 | -€32 | -1.6% |
| Trade debts | 44 | €368,090 | €238,647 | -€129,444 | -35.2% |
| Suppliers | 440/4 | €368,090 | €238,647 | -€129,444 | -35.2% |
| Advances received on contracts in progress | 46 | €40,829 | €40,829 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €27,024 | €10,493 | -€16,531 | -61.2% |
| Taxes | 450/3 | €16,703 | €141 | -€16,562 | -99.2% |
| Remuneration and social security | 454/9 | €10,321 | €10,352 | +€31 | +0.3% |
| Other amounts payable | 47/48 | €682,797 | €795,975 | +€113,178 | +16.6% |
| Non-recurring operating income | 76A | €7,220 | €0 | -€7,220 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,419 | €7,595 | -€3,825 | -33.5% |
| Other operating charges | 640/8 | €1,638 | €1,021 | -€617 | -37.6% |
| Non-recurring operating charges | 66A | €157 | €0 | -€157 | -100.0% |
| Gross operating margin | 9900 | €23,701 | €26,155 | +€2,454 | +10.4% |
| Operating profit (loss) | 9901 | €10,487 | €17,539 | +€7,052 | +67.2% |
| Financial income | 75/76B | €108 | €459 | +€351 | +324.6% |
| Recurring financial income | 75 | €108 | €459 | +€351 | +324.6% |
| Financial charges | 65/66B | €2,221 | €1,742 | -€480 | -21.6% |
| Recurring financial charges | 65 | €2,221 | €1,742 | -€480 | -21.6% |
| Profit (loss) for the period before taxes | 9903 | €8,374 | €16,257 | +€7,882 | +94.1% |
| Income taxes | 67/77 | €3,834 | €5,141 | +€1,307 | +34.1% |
| Profit (loss) for the period | 9904 | €4,540 | €11,115 | +€6,575 | +144.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,540 | €11,115 | +€6,575 | +144.8% |
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 12 October 2026 via checked.be.