JANE LENAERTS: 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 LENAERTS
Largest movements
- Cash -€14,386
down €14,386 (-34.0%), from €42,326 to €27,940
mainly Trade debts (-€12,139) and Receivables within one year (-€4,435)
- Receivables within one year +€4,435
up €4,435 (+71.6%), from €6,192 to €10,626
of which Other amounts receivable: +€4,049
- Tangible fixed assets +€3,379
up €3,379 (+61.4%), from €5,507 to €8,886
of which Plant, machinery and equipment: +€1,964
- Trade debts -€12,139
down €12,139 (-80.9%), from €15,009 to €2,871
- Other debts +€4,495
up €4,495 (+140%), from €3,201 to €7,696
- Profit (loss) carried forward +€1,916
up €1,916 (+312%), from €613 to €2,529
- Tax, wage and social debts -€919
no longer reported in 2025 (was €919)
- Gross operating margin -€46,591
down €46,591 (-91.6%), from €50,880 to €4,289
- Taxes -€12,968
down €12,968 (-93.2%), from €13,919 to €951
- Depreciation +€879
up €879 (+1,176%), from €75 to €953
- Other operating charges -€831
down €831 (-69.1%), from €1,203 to €372
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 | €56,742 | €50,096 | -€6,647 | -11.7% |
| Fixed assets | 21/28 | €5,507 | €8,886 | +€3,379 | +61.4% |
| Tangible fixed assets | 22/27 | €5,507 | €8,886 | +€3,379 | +61.4% |
| Plant, machinery and equipment | 23 | - | €1,964 | +€1,964 | |
| Other tangible fixed assets | 26 | €5,507 | €6,922 | +€1,415 | +25.7% |
| Current assets | 29/58 | €51,235 | €41,209 | -€10,026 | -19.6% |
| Amounts receivable within one year | 40/41 | €6,192 | €10,626 | +€4,435 | +71.6% |
| Trade receivables | 40 | €6,192 | €6,577 | +€385 | +6.2% |
| Other amounts receivable | 41 | - | €4,049 | +€4,049 | |
| Cash at bank and in hand | 54/58 | €42,326 | €27,940 | -€14,386 | -34.0% |
| Deferred charges and accrued income | 490/1 | €2,717 | €2,642 | -€74 | -2.7% |
| Total equity and liabilities | 10/49 | €56,742 | €50,096 | -€6,647 | -11.7% |
| Equity | 10/15 | €37,613 | €39,529 | +€1,916 | +5.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €35,000 | €35,000 | = | 0.0% |
| Distributable reserves | 133 | €35,000 | €35,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €613 | €2,529 | +€1,916 | +312% |
| Amounts payable | 17/49 | €19,129 | €10,567 | -€8,562 | -44.8% |
| Amounts payable within one year | 42/48 | €19,129 | €10,567 | -€8,562 | -44.8% |
| Trade debts | 44 | €15,009 | €2,871 | -€12,139 | -80.9% |
| Suppliers | 440/4 | €15,009 | €2,871 | -€12,139 | -80.9% |
| Taxes, remuneration and social security | 45 | €919 | - | -€919 | |
| Taxes | 450/3 | €919 | - | -€919 | |
| Other amounts payable | 47/48 | €3,201 | €7,696 | +€4,495 | +140% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75 | €953 | +€879 | +1,176% |
| Other operating charges | 640/8 | €1,203 | €372 | -€831 | -69.1% |
| Gross operating margin | 9900 | €50,880 | €4,289 | -€46,591 | -91.6% |
| Operating profit (loss) | 9901 | €49,603 | €2,964 | -€46,639 | -94.0% |
| Financial income | 75/76B | €93 | €90 | -€3 | -2.7% |
| Recurring financial income | 75 | €93 | €90 | -€3 | -2.7% |
| Financial charges | 65/66B | €164 | €188 | +€24 | +14.6% |
| Recurring financial charges | 65 | €164 | €188 | +€24 | +14.6% |
| Profit (loss) for the period before taxes | 9903 | €49,532 | €2,866 | -€46,666 | -94.2% |
| Income taxes | 67/77 | €13,919 | €951 | -€12,968 | -93.2% |
| Profit (loss) for the period | 9904 | €35,613 | €1,916 | -€33,697 | -94.6% |
| Profit (loss) for the period to be appropriated | 9905 | €35,613 | €1,916 | -€33,697 | -94.6% |
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 23 October 2026 via checked.be.