Janine's: 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.
Janine's
Largest movements
- Receivables within one year +€41,844
up €41,844 (+48.1%), from €86,930 to €128,774
of which Other amounts receivable: +€27,537
- Cash +€30,355
up €30,355 (+44.2%), from €68,694 to €99,048
mainly Trade debts (+€85,967) and Tax, wage and social debts (+€6,503)
- Deferred charges and accrued income -€4,293
down €4,293 (-56.8%), from €7,552 to €3,259
- Tangible fixed assets -€3,871
down €3,871 (-34.5%), from €11,224 to €7,353
of which Plant, machinery and equipment: -€2,657
- Trade debts +€85,967
up €85,967 (+139%), from €61,772 to €147,739
- Profit (loss) carried forward -€27,143
down €27,143 (-58.2%), from €46,641 to €19,497
- Tax, wage and social debts +€6,503
up €6,503 (+14.1%), from €46,153 to €52,655
of which Taxes: +€4,771
- Gross operating margin -€23,575
down €23,575 (-10.6%), from €223,415 to €199,840
- Staff costs -€11,177
down €11,177 (-5.0%), from €224,256 to €213,079
- Depreciation -€4,780
down €4,780 (-47.6%), from €10,050 to €5,270
- Financial charges +€3,966
up €3,966 (+90.0%), from €4,408 to €8,373
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 | €178,452 | €242,338 | +€63,886 | +35.8% |
| Fixed assets | 21/28 | €11,224 | €7,353 | -€3,871 | -34.5% |
| Tangible fixed assets | 22/27 | €11,224 | €7,353 | -€3,871 | -34.5% |
| Plant, machinery and equipment | 23 | €4,469 | €1,812 | -€2,657 | -59.5% |
| Furniture and vehicles | 24 | €4,464 | €3,635 | -€829 | -18.6% |
| Other tangible fixed assets | 26 | €2,291 | €1,906 | -€385 | -16.8% |
| Current assets | 29/58 | €167,228 | €234,985 | +€67,757 | +40.5% |
| Stocks and contracts in progress | 3 | €4,052 | €3,903 | -€149 | -3.7% |
| Stocks | 30/36 | €4,052 | €3,903 | -€149 | -3.7% |
| Amounts receivable within one year | 40/41 | €86,930 | €128,774 | +€41,844 | +48.1% |
| Trade receivables | 40 | €21,397 | €35,704 | +€14,306 | +66.9% |
| Other amounts receivable | 41 | €65,533 | €93,070 | +€27,537 | +42.0% |
| Cash at bank and in hand | 54/58 | €68,694 | €99,048 | +€30,355 | +44.2% |
| Deferred charges and accrued income | 490/1 | €7,552 | €3,259 | -€4,293 | -56.8% |
| Total equity and liabilities | 10/49 | €178,452 | €242,338 | +€63,886 | +35.8% |
| Equity | 10/15 | €67,101 | €39,957 | -€27,143 | -40.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,641 | €19,497 | -€27,143 | -58.2% |
| Amounts payable | 17/49 | €111,351 | €202,381 | +€91,029 | +81.7% |
| Amounts payable within one year | 42/48 | €107,925 | €200,395 | +€92,470 | +85.7% |
| Trade debts | 44 | €61,772 | €147,739 | +€85,967 | +139% |
| Suppliers | 440/4 | €61,772 | €147,739 | +€85,967 | +139% |
| Taxes, remuneration and social security | 45 | €46,153 | €52,655 | +€6,503 | +14.1% |
| Taxes | 450/3 | €18,562 | €23,332 | +€4,771 | +25.7% |
| Remuneration and social security | 454/9 | €27,591 | €29,323 | +€1,732 | +6.3% |
| Accrued charges and deferred income | 492/3 | €3,426 | €1,986 | -€1,440 | -42.0% |
| Remuneration, social security and pensions | 62 | €224,256 | €213,079 | -€11,177 | -5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,050 | €5,270 | -€4,780 | -47.6% |
| Other operating charges | 640/8 | €4,350 | €2,654 | -€1,696 | -39.0% |
| Non-recurring operating charges | 66A | €181 | €0 | -€181 | -100% |
| Gross operating margin | 9900 | €223,415 | €199,840 | -€23,575 | -10.6% |
| Operating profit (loss) | 9901 | -€15,422 | -€21,163 | -€5,741 | -37.2% |
| Financial income | 75/76B | €2,556 | €2,393 | -€162 | -6.4% |
| Recurring financial income | 75 | €2,556 | €2,393 | -€162 | -6.4% |
| Financial charges | 65/66B | €4,408 | €8,373 | +€3,966 | +90.0% |
| Recurring financial charges | 65 | €4,408 | €8,373 | +€3,966 | +90.0% |
| Profit (loss) for the period before taxes | 9903 | -€17,274 | -€27,143 | -€9,869 | -57.1% |
| Profit (loss) for the period | 9904 | -€17,274 | -€27,143 | -€9,869 | -57.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,274 | -€27,143 | -€9,869 | -57.1% |
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.