JANIER-DUBRY: 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.
JANIER-DUBRY
Largest movements
- Tangible fixed assets -€34,997
down €34,997 (-25.2%), from €138,624 to €103,626
of which Land and buildings: -€30,672
- Debts after one year -€53,971
down €53,971 (-12.2%), from €442,312 to €388,341
- Tax, wage and social debts +€44,732
up €44,732 (+72.6%), from €61,645 to €106,377
- Current portion of long-term debt -€30,822
down €30,822 (-37.0%), from €83,345 to €52,523
- Other debts +€16,101
up €16,101 (+609%), from €2,645 to €18,746
- Gross operating margin -€127,290
down €127,290 (-39.8%), from €320,175 to €192,885
- Other operating charges +€101,617
up €101,617 (+2,638%), from €3,852 to €105,469
- Depreciation -€65,771
down €65,771 (-63.4%), from €103,742 to €37,971
- Taxes -€16,913
down €16,913 (-27.4%), from €61,645 to €44,732
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 | €1,452,388 | €1,428,392 | -€23,995 | -1.7% |
| Fixed assets | 21/28 | €138,624 | €106,293 | -€32,330 | -23.3% |
| Intangible fixed assets | 21 | - | €2,667 | +€2,667 | |
| Tangible fixed assets | 22/27 | €138,624 | €103,626 | -€34,997 | -25.2% |
| Land and buildings | 22 | €126,382 | €95,710 | -€30,672 | -24.3% |
| Plant, machinery and equipment | 23 | €8,779 | €4,652 | -€4,127 | -47.0% |
| Furniture and vehicles | 24 | €3,462 | €3,264 | -€198 | -5.7% |
| Current assets | 29/58 | €1,313,764 | €1,322,099 | +€8,335 | +0.6% |
| Amounts receivable within one year | 40/41 | €1,305,354 | €1,303,757 | -€1,597 | -0.1% |
| Other amounts receivable | 41 | €1,305,354 | €1,303,757 | -€1,597 | -0.1% |
| Cash at bank and in hand | 54/58 | €3,226 | €13,082 | +€9,857 | +306% |
| Deferred charges and accrued income | 490/1 | €5,184 | €5,260 | +€75 | +1.5% |
| Total equity and liabilities | 10/49 | €1,452,388 | €1,428,392 | -€23,995 | -1.7% |
| Equity | 10/15 | €589,652 | €597,199 | +€7,547 | +1.3% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €1,860 | €9,400 | +€7,540 | +405% |
| Distributable reserves | 133 | €1,860 | €9,400 | +€7,540 | +405% |
| Profit (loss) carried forward | 14 | €575,292 | €575,299 | +€7 | 0.0% |
| Provisions and deferred taxes | 16 | €260,000 | €260,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €260,000 | €260,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €260,000 | €260,000 | = | 0.0% |
| Amounts payable | 17/49 | €602,736 | €571,193 | -€31,542 | -5.2% |
| Amounts payable after more than one year | 17 | €442,312 | €388,341 | -€53,971 | -12.2% |
| Financial debts | 170/4 | €442,312 | €388,341 | -€53,971 | -12.2% |
| Amounts payable within one year | 42/48 | €160,181 | €181,100 | +€20,919 | +13.1% |
| Current portion of amounts payable after more than one year | 42 | €83,345 | €52,523 | -€30,822 | -37.0% |
| Trade debts | 44 | €12,547 | €3,454 | -€9,093 | -72.5% |
| Suppliers | 440/4 | €12,547 | €3,454 | -€9,093 | -72.5% |
| Taxes, remuneration and social security | 45 | €61,645 | €106,377 | +€44,732 | +72.6% |
| Taxes | 450/3 | €61,645 | €106,377 | +€44,732 | +72.6% |
| Other amounts payable | 47/48 | €2,645 | €18,746 | +€16,101 | +609% |
| Accrued charges and deferred income | 492/3 | €243 | €1,753 | +€1,510 | +623% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €103,742 | €37,971 | -€65,771 | -63.4% |
| Other operating charges | 640/8 | €3,852 | €105,469 | +€101,617 | +2,638% |
| Gross operating margin | 9900 | €320,175 | €192,885 | -€127,290 | -39.8% |
| Operating profit (loss) | 9901 | €212,581 | €49,445 | -€163,135 | -76.7% |
| Financial income | 75/76B | €21,017 | €20,270 | -€748 | -3.6% |
| Recurring financial income | 75 | €21,017 | €20,270 | -€748 | -3.6% |
| Financial charges | 65/66B | €19,786 | €17,436 | -€2,349 | -11.9% |
| Recurring financial charges | 65 | €19,786 | €17,436 | -€2,349 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | €213,812 | €52,279 | -€161,534 | -75.5% |
| Income taxes | 67/77 | €61,645 | €44,732 | -€16,913 | -27.4% |
| Profit (loss) for the period | 9904 | €152,168 | €7,547 | -€144,621 | -95.0% |
| Profit (loss) for the period to be appropriated | 9905 | €152,168 | €7,547 | -€144,621 | -95.0% |
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 20 October 2026 via checked.be.