JANI: 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
JANI
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€74,310
2024 · -€16,829-€57,481
Equity
€839,862
2024 · €906,118-€66,256
Cash
€10,380
2024 · €16,112-€5,732
Balance sheet total
€2.1m
2024 · €2.1m-€48,567
Largest movements
Assets
- Financial fixed assets -€346,330
down €346,330 (-100.0%), from €346,330 to €0
- Tangible fixed assets +€258,478
up €258,478 (+15.7%), from €1.6m to €1.9m
of which Land and buildings: +€260,888
- Receivables within one year +€47,120
up €47,120 (+35.2%), from €133,945 to €181,066
of which Other amounts receivable: +€44,704
Equity and liabilities
- Other debts +€86,511
up €86,511 (+52.4%), from €165,201 to €251,711
- Debts after one year -€50,995
down €50,995 (-6.3%), from €810,793 to €759,798
- Profit (loss) carried forward -€42,095
down €42,095 (-15.0%), from -€280,828 to -€322,924
- Reserves -€24,161
down €24,161 (-2.4%), from €1.0m to €985,221
of which Tax-exempt reserves: -€24,161
Income statement
- Gross operating margin -€63,931
down €63,931 (-50.8%), from €125,878 to €61,947
- Depreciation +€18,812
up €18,812 (+20.5%), from €91,943 to €110,755
- Financial income +€7,054
up €7,054 (+220.6%), from €3,197 to €10,251
- Financial charges +€3,645
up €3,645 (+16.1%), from €22,657 to €26,301
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
-€16,829
Gross operating margin
-€63,931
Depreciation
-€18,812
Other operating charges
+€1,056
Financial income
+€7,054
Financial charges
-€3,645
Taxes
-€5
Deferred taxes and other
+€20,802
Result 2025
-€74,310
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
+€62,300
Investment
-€21,197
Financing
-€46,834
Cash 2024
€16,112
From operations (derived)
+€62,300
Net result for the year
-€74,310
Depreciation
+€110,755
Receivables within one year
-€47,120
Deferred charges and accrued income
+€398
Provisions
-€8,054
Trade debts
-€12,812
Tax, wage and social debts
+€2,095
Other debts
+€86,511
Accrued charges and deferred income
+€4,836
Investment (derived)
-€21,197
Investment in fixed assets (net)
-€21,197
Financing
-€46,834
Debts after one year
-€50,995
Current portion of long-term debt
-€5,801
Short-term financial debts
+€1,909
Contributions, distributions and other
+€8,054
Cash 2025
€10,380
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,149,183 | €2,100,615 | -€48,567 | -2.3% |
| Formation expenses | 20 | €1,706 | €0 | -€1,706 | -100.0% |
| Fixed assets | 21/28 | €1,995,915 | €1,908,064 | -€87,852 | -4.4% |
| Tangible fixed assets | 22/27 | €1,649,586 | €1,908,064 | +€258,478 | +15.7% |
| Land and buildings | 22 | €1,634,037 | €1,894,924 | +€260,888 | +16.0% |
| Plant, machinery and equipment | 23 | €13,195 | €11,555 | -€1,640 | -12.4% |
| Furniture and vehicles | 24 | €264 | €18 | -€246 | -93.1% |
| Other tangible fixed assets | 26 | €2,090 | €1,566 | -€523 | -25.1% |
| Financial fixed assets | 28 | €346,330 | €0 | -€346,330 | -100.0% |
| Current assets | 29/58 | €151,561 | €192,552 | +€40,991 | +27.0% |
| Amounts receivable within one year | 40/41 | €133,945 | €181,066 | +€47,120 | +35.2% |
| Trade receivables | 40 | €5,713 | €8,129 | +€2,416 | +42.3% |
| Other amounts receivable | 41 | €128,232 | €172,936 | +€44,704 | +34.9% |
| Cash at bank and in hand | 54/58 | €16,112 | €10,380 | -€5,732 | -35.6% |
| Deferred charges and accrued income | 490/1 | €1,504 | €1,106 | -€398 | -26.5% |
| Total equity and liabilities | 10/49 | €2,149,183 | €2,100,615 | -€48,567 | -2.3% |
| Equity | 10/15 | €906,118 | €839,862 | -€66,256 | -7.3% |
| Contributions | 10/11 | €177,565 | €177,565 | = | 0.0% |
| Capital | 10 | €163,610 | €163,610 | = | 0.0% |
| Issued capital | 100 | €163,610 | €163,610 | = | 0.0% |
| Outside capital | 11 | €13,956 | €13,956 | = | 0.0% |
| Other | 1109/19 | €13,956 | €13,956 | = | 0.0% |
| Reserves | 13 | €1,009,381 | €985,221 | -€24,161 | -2.4% |
| Non-distributable reserves | 130/1 | €6,172 | €6,172 | = | 0.0% |
| Legal reserve | 130 | €6,172 | €6,172 | = | 0.0% |
| Tax-exempt reserves | 132 | €494,187 | €470,026 | -€24,161 | -4.9% |
| Distributable reserves | 133 | €509,022 | €509,022 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€280,828 | -€322,924 | -€42,095 | -15.0% |
| Provisions and deferred taxes | 16 | €188,220 | €180,166 | -€8,054 | -4.3% |
| Deferred taxes | 168 | €188,220 | €180,166 | -€8,054 | -4.3% |
| Amounts payable | 17/49 | €1,054,845 | €1,080,587 | +€25,742 | +2.4% |
| Amounts payable after more than one year | 17 | €810,793 | €759,798 | -€50,995 | -6.3% |
| Financial debts | 170/4 | €810,793 | €759,798 | -€50,995 | -6.3% |
| Amounts payable within one year | 42/48 | €241,661 | €313,562 | +€71,901 | +29.8% |
| Current portion of amounts payable after more than one year | 42 | €56,796 | €50,995 | -€5,801 | -10.2% |
| Financial debts | 43 | - | €1,909 | +€1,909 | |
| Credit institutions | 430/8 | - | €1,909 | +€1,909 | |
| Trade debts | 44 | €19,077 | €6,266 | -€12,812 | -67.2% |
| Suppliers | 440/4 | €19,077 | €6,266 | -€12,812 | -67.2% |
| Taxes, remuneration and social security | 45 | €587 | €2,681 | +€2,095 | +357.1% |
| Taxes | 450/3 | €587 | €2,681 | +€2,095 | +357.1% |
| Other amounts payable | 47/48 | €165,201 | €251,711 | +€86,511 | +52.4% |
| Accrued charges and deferred income | 492/3 | €2,391 | €7,227 | +€4,836 | +202.3% |
| Non-recurring operating income | 76A | €83,207 | €0 | -€83,207 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,943 | €110,755 | +€18,812 | +20.5% |
| Other operating charges | 640/8 | €10,263 | €9,206 | -€1,056 | -10.3% |
| Gross operating margin | 9900 | €125,878 | €61,947 | -€63,931 | -50.8% |
| Operating profit (loss) | 9901 | €23,673 | -€58,015 | -€81,687 | |
| Financial income | 75/76B | €3,197 | €10,251 | +€7,054 | +220.6% |
| Recurring financial income | 75 | €3,197 | €10,251 | +€7,054 | +220.6% |
| Financial charges | 65/66B | €22,657 | €26,301 | +€3,645 | +16.1% |
| Recurring financial charges | 65 | €22,657 | €26,301 | +€3,645 | +16.1% |
| Profit (loss) for the period before taxes | 9903 | €4,213 | -€74,065 | -€78,278 | |
| Transfer to deferred taxes | 680 | €20,802 | €0 | -€20,802 | -100.0% |
| Income taxes | 67/77 | €240 | €245 | +€5 | +2.0% |
| Profit (loss) for the period | 9904 | -€16,829 | -€74,310 | -€57,481 | -341.6% |
| Transfer from tax-exempt reserves | 789 | €25,113 | €32,214 | +€7,101 | +28.3% |
| Transfer to tax-exempt reserves | 689 | €62,406 | €0 | -€62,406 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€54,121 | -€42,095 | +€12,025 | +22.2% |
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 4 October 2026 via checked.be.