JANI-K: 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.
JANI-K
Largest movements
- Receivables within one year -€63,512
down €63,512 (-72.8%), from €87,302 to €23,789
of which Other amounts receivable: -€67,137
- Tangible fixed assets -€55,403
down €55,403 (-8.1%), from €683,570 to €628,167
of which Land and buildings: -€50,100
- Receivables after one year -€45,515
down €45,515 (-100%), from €45,515 to €0
- Cash -€36,021
down €36,021 (-18.5%), from €194,835 to €158,814
mainly Other debts (-€126,578) and Debts after one year (-€75,803)
- Other debts -€126,578
down €126,578 (-88.9%), from €142,390 to €15,811
- Debts after one year -€75,803
down €75,803 (-13.4%), from €567,662 to €491,859
- Reserves -€15,394
down €15,394 (-3.0%), from €508,626 to €493,232
of which Distributable reserves: -€15,394
- Financial charges +€31,129
up €31,129 (+1,465%), from €2,125 to €33,254
- Financial income +€12,889
up €12,889 (+129%), from €10,022 to €22,911
- Gross operating margin -€6,626
down €6,626 (-10.6%), from €62,231 to €55,605
- Taxes -€879
down €879 (-100%), from €879 to €0
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 | €1,311,815 | €1,106,429 | -€205,386 | -15.7% |
| Fixed assets | 21/28 | €683,570 | €628,167 | -€55,403 | -8.1% |
| Tangible fixed assets | 22/27 | €683,570 | €628,167 | -€55,403 | -8.1% |
| Land and buildings | 22 | €651,300 | €601,200 | -€50,100 | -7.7% |
| Plant, machinery and equipment | 23 | €32,270 | €26,967 | -€5,303 | -16.4% |
| Current assets | 29/58 | €628,245 | €478,261 | -€149,983 | -23.9% |
| Amounts receivable after more than one year | 29 | €45,515 | €0 | -€45,515 | -100% |
| Other amounts receivable | 291 | €45,515 | €0 | -€45,515 | -100% |
| Amounts receivable within one year | 40/41 | €87,302 | €23,789 | -€63,512 | -72.8% |
| Trade receivables | 40 | €0 | €3,625 | +€3,625 | |
| Other amounts receivable | 41 | €87,302 | €20,164 | -€67,137 | -76.9% |
| Current investments | 50/53 | €299,234 | €294,255 | -€4,979 | -1.7% |
| Cash at bank and in hand | 54/58 | €194,835 | €158,814 | -€36,021 | -18.5% |
| Deferred charges and accrued income | 490/1 | €1,360 | €1,403 | +€43 | +3.2% |
| Total equity and liabilities | 10/49 | €1,311,815 | €1,106,429 | -€205,386 | -15.7% |
| Equity | 10/15 | €527,226 | €511,832 | -€15,394 | -2.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €508,626 | €493,232 | -€15,394 | -3.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €508,626 | €493,232 | -€15,394 | -3.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €784,589 | €594,596 | -€189,993 | -24.2% |
| Amounts payable after more than one year | 17 | €567,662 | €491,859 | -€75,803 | -13.4% |
| Financial debts | 170/4 | €567,662 | €491,859 | -€75,803 | -13.4% |
| Amounts payable within one year | 42/48 | €214,537 | €98,802 | -€115,735 | -53.9% |
| Current portion of amounts payable after more than one year | 42 | €70,523 | €74,830 | +€4,307 | +6.1% |
| Trade debts | 44 | €1,625 | €8,161 | +€6,536 | +402% |
| Suppliers | 440/4 | €1,625 | €8,161 | +€6,536 | +402% |
| Other amounts payable | 47/48 | €142,390 | €15,811 | -€126,578 | -88.9% |
| Accrued charges and deferred income | 492/3 | €2,390 | €3,935 | +€1,545 | +64.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,352 | €55,403 | +€52 | +0.1% |
| Other operating charges | 640/8 | €5,105 | €5,253 | +€148 | +2.9% |
| Gross operating margin | 9900 | €62,231 | €55,605 | -€6,626 | -10.6% |
| Operating profit (loss) | 9901 | €1,775 | -€5,051 | -€6,826 | |
| Financial income | 75/76B | €10,022 | €22,911 | +€12,889 | +129% |
| Recurring financial income | 75 | €10,022 | €22,911 | +€12,889 | +129% |
| Financial charges | 65/66B | €2,125 | €33,254 | +€31,129 | +1,465% |
| Recurring financial charges | 65 | €2,125 | €33,254 | +€31,129 | +1,465% |
| Profit (loss) for the period before taxes | 9903 | €9,673 | -€15,394 | -€25,067 | |
| Income taxes | 67/77 | €879 | €0 | -€879 | -100% |
| Profit (loss) for the period | 9904 | €8,793 | -€15,394 | -€24,187 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,793 | -€15,394 | -€24,187 |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.