JANELSCO: 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.
What changed
JANELSCO
NACE 46.643, Wholesale of electrical equipment, including installation materials
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€16,446
2024 · €4,508+€11,938
Equity
€729,408
2024 · €724,664+€4,744
Cash
€95,822
2024 · €50,499+€45,323
Balance sheet total
€853,721
2024 · €885,129-€31,408
Largest movements
Assets
- Tangible fixed assets -€71,550
down €71,550 (-8.8%), from €813,315 to €741,765
of which Land and buildings: -€54,786
- Cash +€45,323
up €45,323 (+89.7%), from €50,499 to €95,822
mainly Depreciation (+€71,962) and Net result for the year (+€16,446)
Equity and liabilities
- Other debts -€29,840
down €29,840 (-26.1%), from €114,154 to €84,314
- Debts after one year -€10,147
down €10,147 (-48.8%), from €20,796 to €10,649
Income statement
- Depreciation -€14,802
down €14,802 (-17.1%), from €86,764 to €71,962
- Gross operating margin -€4,385
down €4,385 (-3.5%), from €127,097 to €122,712
- Financial charges -€2,273
down €2,273 (-22.9%), from €9,942 to €7,669
- Other operating charges +€1,328
up €1,328 (+5.9%), from €22,449 to €23,777
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
€4,508
Gross operating margin
-€4,385
Depreciation
+€14,802
Other operating charges
-€1,328
Other operating items
-€88
Financial income
-€436
Financial charges
+€2,273
Taxes
+€1,099
Result 2025
€16,446
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€67,107
Investment
-€412
Financing
-€21,372
Cash 2024
€50,499
From operations (derived)
+€67,107
Net result for the year
+€16,446
Depreciation
+€71,962
Receivables within one year
+€6,553
Deferred charges and accrued income
-€1,372
Trade debts
+€1,113
Tax, wage and social debts
-€870
Advances received
+€3,115
Other debts
-€29,840
Investment (derived)
-€412
Investment in fixed assets (net)
-€412
Financing
-€21,372
Debts after one year
-€10,147
Current portion of long-term debt
+€478
Contributions, distributions and other
-€11,702
Cash 2025
€95,822
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €885,129 | €853,721 | -€31,408 | -3.5% |
| Fixed assets | 21/28 | €813,315 | €741,765 | -€71,550 | -8.8% |
| Tangible fixed assets | 22/27 | €813,315 | €741,765 | -€71,550 | -8.8% |
| Land and buildings | 22 | €777,267 | €722,481 | -€54,786 | -7.0% |
| Plant, machinery and equipment | 23 | €3,601 | €2,217 | -€1,384 | -38.4% |
| Furniture and vehicles | 24 | €32,447 | €17,067 | -€15,380 | -47.4% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €71,815 | €111,956 | +€40,141 | +55.9% |
| Amounts receivable within one year | 40/41 | €17,643 | €11,090 | -€6,553 | -37.1% |
| Trade receivables | 40 | €12,924 | €4,861 | -€8,063 | -62.4% |
| Other amounts receivable | 41 | €4,719 | €6,229 | +€1,510 | +32.0% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €50,499 | €95,822 | +€45,323 | +89.7% |
| Deferred charges and accrued income | 490/1 | €3,672 | €5,044 | +€1,372 | +37.3% |
| Total equity and liabilities | 10/49 | €885,129 | €853,721 | -€31,408 | -3.5% |
| Equity | 10/15 | €724,664 | €729,408 | +€4,744 | +0.7% |
| Contributions | 10/11 | €51,250 | €51,250 | = | 0.0% |
| Reserves | 13 | €673,414 | €678,158 | +€4,744 | +0.7% |
| Non-distributable reserves | 130/1 | €95 | €95 | -€0 | -0.1% |
| Reserves not available under the articles | 1311 | €95 | €95 | -€0 | -0.1% |
| Tax-exempt reserves | 132 | €59,727 | €59,727 | = | 0.0% |
| Distributable reserves | 133 | €613,592 | €618,336 | +€4,744 | +0.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €10,200 | €10,200 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €10,200 | €10,200 | = | 0.0% |
| Environmental obligations | 163 | €10,200 | €10,200 | = | 0.0% |
| Amounts payable | 17/49 | €150,265 | €114,113 | -€36,152 | -24.1% |
| Amounts payable after more than one year | 17 | €20,796 | €10,649 | -€10,147 | -48.8% |
| Financial debts | 170/4 | €20,796 | €10,649 | -€10,147 | -48.8% |
| Amounts payable within one year | 42/48 | €129,469 | €103,464 | -€26,005 | -20.1% |
| Current portion of amounts payable after more than one year | 42 | €11,170 | €11,648 | +€478 | +4.3% |
| Trade debts | 44 | €846 | €1,959 | +€1,113 | +131% |
| Suppliers | 440/4 | €846 | €1,959 | +€1,113 | +131% |
| Advances received on contracts in progress | 46 | - | €3,115 | +€3,115 | |
| Taxes, remuneration and social security | 45 | €3,298 | €2,428 | -€870 | -26.4% |
| Taxes | 450/3 | €3,298 | €2,428 | -€870 | -26.4% |
| Other amounts payable | 47/48 | €114,154 | €84,314 | -€29,840 | -26.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,764 | €71,962 | -€14,802 | -17.1% |
| Other operating charges | 640/8 | €22,449 | €23,777 | +€1,328 | +5.9% |
| Non-recurring operating charges | 66A | - | €88 | +€88 | |
| Gross operating margin | 9900 | €127,097 | €122,712 | -€4,385 | -3.5% |
| Operating profit (loss) | 9901 | €17,883 | €26,885 | +€9,002 | +50.3% |
| Financial income | 75/76B | €437 | €1 | -€436 | -99.8% |
| Recurring financial income | 75 | €437 | €1 | -€436 | -99.8% |
| Financial charges | 65/66B | €9,942 | €7,669 | -€2,273 | -22.9% |
| Recurring financial charges | 65 | €9,942 | €7,669 | -€2,273 | -22.9% |
| Profit (loss) for the period before taxes | 9903 | €8,378 | €19,217 | +€10,839 | +129% |
| Income taxes | 67/77 | €3,870 | €2,771 | -€1,099 | -28.4% |
| Profit (loss) for the period | 9904 | €4,508 | €16,446 | +€11,938 | +265% |
| Profit (loss) for the period to be appropriated | 9905 | €4,508 | €16,446 | +€11,938 | +265% |
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 13 October 2026 via checked.be.