JANMAAS: 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.
JANMAAS
Largest movements
- Tangible fixed assets +€241,187
up €241,187 (+23.7%), from €1.0m to €1.3m
of which Land and buildings: +€232,921
- Cash -€122,303
down €122,303 (-89.3%), from €136,888 to €14,585
mainly Investment in fixed assets (net) (-€292,837) and Other debts (-€8,264)
- Receivables within one year -€41,037
down €41,037 (-98.7%), from €41,582 to €545
of which Trade receivables: -€41,037
- Reserves +€54,708
up €54,708 (+121%), from €45,202 to €99,910
- Debts after one year +€26,677
up €26,677 (+3.1%), from €873,197 to €899,874
of which Other amounts payable: +€50,000
- Gross operating margin +€49,045
up €49,045 (+47.3%), from €103,790 to €152,835
- Depreciation +€30,069
up €30,069 (+139%), from €21,580 to €51,650
- Taxes +€5,731
up €5,731 (+28.9%), from €19,800 to €25,530
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 | €1,198,739 | €1,275,241 | +€76,502 | +6.4% |
| Fixed assets | 21/28 | €1,018,509 | €1,259,696 | +€241,187 | +23.7% |
| Tangible fixed assets | 22/27 | €1,018,509 | €1,259,696 | +€241,187 | +23.7% |
| Land and buildings | 22 | €1,018,509 | €1,251,430 | +€232,921 | +22.9% |
| Plant, machinery and equipment | 23 | - | €4,500 | +€4,500 | |
| Furniture and vehicles | 24 | - | €3,766 | +€3,766 | |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €180,230 | €15,545 | -€164,685 | -91.4% |
| Amounts receivable within one year | 40/41 | €41,582 | €545 | -€41,037 | -98.7% |
| Trade receivables | 40 | €41,582 | €545 | -€41,037 | -98.7% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €136,888 | €14,585 | -€122,303 | -89.3% |
| Deferred charges and accrued income | 490/1 | €1,760 | €415 | -€1,345 | -76.4% |
| Total equity and liabilities | 10/49 | €1,198,739 | €1,275,241 | +€76,502 | +6.4% |
| Equity | 10/15 | €272,443 | €327,151 | +€54,708 | +20.1% |
| Contributions | 10/11 | €227,241 | €227,241 | = | 0.0% |
| Reserves | 13 | €45,202 | €99,910 | +€54,708 | +121% |
| Distributable reserves | 133 | €45,202 | €99,910 | +€54,708 | +121% |
| Amounts payable | 17/49 | €926,296 | €948,090 | +€21,795 | +2.4% |
| Amounts payable after more than one year | 17 | €873,197 | €899,874 | +€26,677 | +3.1% |
| Financial debts | 170/4 | €303,069 | €279,746 | -€23,323 | -7.7% |
| Other amounts payable | 178/9 | €570,128 | €620,128 | +€50,000 | +8.8% |
| Amounts payable within one year | 42/48 | €44,846 | €38,873 | -€5,972 | -13.3% |
| Current portion of amounts payable after more than one year | 42 | €22,972 | €23,949 | +€977 | +4.3% |
| Trade debts | 44 | €190 | €2,264 | +€2,074 | +1,090% |
| Suppliers | 440/4 | €190 | €2,264 | +€2,074 | +1,090% |
| Taxes, remuneration and social security | 45 | €13,419 | €12,660 | -€759 | -5.7% |
| Taxes | 450/3 | €13,419 | €12,660 | -€759 | -5.7% |
| Other amounts payable | 47/48 | €8,264 | €0 | -€8,264 | -100% |
| Accrued charges and deferred income | 492/3 | €8,253 | €9,343 | +€1,090 | +13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,580 | €51,650 | +€30,069 | +139% |
| Other operating charges | 640/8 | €2,888 | €3,820 | +€932 | +32.3% |
| Gross operating margin | 9900 | €103,790 | €152,835 | +€49,045 | +47.3% |
| Operating profit (loss) | 9901 | €79,322 | €97,366 | +€18,043 | +22.7% |
| Financial income | 75/76B | €0 | €604 | +€604 | |
| Recurring financial income | 75 | €0 | €604 | +€604 | |
| Financial charges | 65/66B | €17,632 | €17,732 | +€100 | +0.6% |
| Recurring financial charges | 65 | €17,632 | €17,732 | +€100 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | €61,690 | €80,238 | +€18,548 | +30.1% |
| Income taxes | 67/77 | €19,800 | €25,530 | +€5,731 | +28.9% |
| Profit (loss) for the period | 9904 | €41,891 | €54,708 | +€12,817 | +30.6% |
| Profit (loss) for the period to be appropriated | 9905 | €41,891 | €54,708 | +€12,817 | +30.6% |
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 30 October 2026 via checked.be.