JANECO: 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.
JANECO
Largest movements
- Receivables within one year +€99,528
up €99,528 (+475.1%), from €20,950 to €120,478
of which Other amounts receivable: +€80,321
- Current investments +€36,134
up €36,134 (+40.7%), from €88,833 to €124,967
- Tangible fixed assets +€27,001
up €27,001 (+179.3%), from €15,058 to €42,059
of which Furniture and vehicles: +€25,579
- Cash +€4,542
up €4,542 (+16.2%), from €28,076 to €32,618
mainly Net result for the year (+€108,409) and Tax, wage and social debts (+€29,032)
- Reserves +€108,409
up €108,409 (+88.0%), from €123,180 to €231,589
- Tax, wage and social debts +€29,032
up €29,032 (+77.2%), from €37,620 to €66,652
- Debts after one year +€14,044
new in 2025: €14,044
- Current portion of long-term debt +€10,797
new in 2025: €10,797
- Trade debts +€4,922
up €4,922 (+392.5%), from €1,254 to €6,176
- Gross operating margin -€22,477
down €22,477 (-13.6%), from €165,396 to €142,919
- Financial income +€9,089
up €9,089 (+2546.0%), from €357 to €9,446
- Taxes -€8,042
down €8,042 (-21.7%), from €37,089 to €29,047
- Depreciation +€6,884
up €6,884 (+322.7%), from €2,133 to €9,017
- Financial charges +€2,230
up €2,230 (+121.9%), from €1,829 to €4,059
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 | €165,054 | €332,259 | +€167,205 | +101.3% |
| Fixed assets | 21/28 | €15,058 | €42,059 | +€27,001 | +179.3% |
| Tangible fixed assets | 22/27 | €15,058 | €42,059 | +€27,001 | +179.3% |
| Plant, machinery and equipment | 23 | €747 | €308 | -€440 | -58.8% |
| Furniture and vehicles | 24 | €5,175 | €30,754 | +€25,579 | +494.3% |
| Other tangible fixed assets | 26 | €9,136 | €10,997 | +€1,861 | +20.4% |
| Current assets | 29/58 | €149,996 | €290,200 | +€140,204 | +93.5% |
| Stocks and contracts in progress | 3 | €12,138 | €12,138 | = | 0.0% |
| Stocks | 30/36 | €12,138 | €12,138 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €20,950 | €120,478 | +€99,528 | +475.1% |
| Trade receivables | 40 | €20,520 | €39,727 | +€19,207 | +93.6% |
| Other amounts receivable | 41 | €430 | €80,751 | +€80,321 | +18680.2% |
| Current investments | 50/53 | €88,833 | €124,967 | +€36,134 | +40.7% |
| Cash at bank and in hand | 54/58 | €28,076 | €32,618 | +€4,542 | +16.2% |
| Total equity and liabilities | 10/49 | €165,054 | €332,259 | +€167,205 | +101.3% |
| Equity | 10/15 | €126,180 | €234,589 | +€108,409 | +85.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €123,180 | €231,589 | +€108,409 | +88.0% |
| Distributable reserves | 133 | €123,180 | €231,589 | +€108,409 | +88.0% |
| Amounts payable | 17/49 | €38,874 | €97,670 | +€58,796 | +151.2% |
| Amounts payable after more than one year | 17 | - | €14,044 | +€14,044 | |
| Financial debts | 170/4 | - | €14,044 | +€14,044 | |
| Amounts payable within one year | 42/48 | €38,874 | €83,626 | +€44,752 | +115.1% |
| Current portion of amounts payable after more than one year | 42 | - | €10,797 | +€10,797 | |
| Trade debts | 44 | €1,254 | €6,176 | +€4,922 | +392.5% |
| Suppliers | 440/4 | €1,254 | €6,176 | +€4,922 | +392.5% |
| Taxes, remuneration and social security | 45 | €37,620 | €66,652 | +€29,032 | +77.2% |
| Taxes | 450/3 | €37,620 | €66,652 | +€29,032 | +77.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,133 | €9,017 | +€6,884 | +322.7% |
| Other operating charges | 640/8 | €1,521 | €1,832 | +€310 | +20.4% |
| Gross operating margin | 9900 | €165,396 | €142,919 | -€22,477 | -13.6% |
| Operating profit (loss) | 9901 | €161,741 | €132,070 | -€29,671 | -18.3% |
| Financial income | 75/76B | €357 | €9,446 | +€9,089 | +2546.0% |
| Recurring financial income | 75 | €357 | €9,446 | +€9,089 | +2546.0% |
| Financial charges | 65/66B | €1,829 | €4,059 | +€2,230 | +121.9% |
| Recurring financial charges | 65 | €1,829 | €4,059 | +€2,230 | +121.9% |
| Profit (loss) for the period before taxes | 9903 | €160,269 | €137,456 | -€22,813 | -14.2% |
| Income taxes | 67/77 | €37,089 | €29,047 | -€8,042 | -21.7% |
| Profit (loss) for the period | 9904 | €123,180 | €108,409 | -€14,771 | -12.0% |
| Profit (loss) for the period to be appropriated | 9905 | €123,180 | €108,409 | -€14,771 | -12.0% |
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 2 October 2026 via checked.be.