JANNICK: 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.
JANNICK
Largest movements
- Receivables within one year -€78,360
down €78,360 (-67.2%), from €116,633 to €38,274
of which Trade receivables: -€74,992
- Tangible fixed assets -€34,939
down €34,939 (-21.0%), from €166,111 to €131,172
- Trade debts -€89,940
down €89,940 (-74.6%), from €120,483 to €30,543
- Reserves +€14,874
up €14,874 (+91.2%), from €16,310 to €31,184
of which Distributable reserves: +€14,874
- Current portion of long-term debt -€11,481
down €11,481 (-35.2%), from €32,638 to €21,158
- Short-term financial debts -€7,438
down €7,438 (-15.7%), from €47,438 to €40,000
- Gross operating margin +€17,619
up €17,619 (+32.5%), from €54,287 to €71,906
- Depreciation -€7,012
down €7,012 (-16.0%), from €43,731 to €36,718
- Taxes +€5,842
up €5,842, from €0 to €5,842
- Staff costs -€3,605
down €3,605 (-43.8%), from €8,225 to €4,620
- Financial charges -€2,325
down €2,325 (-34.0%), from €6,831 to €4,506
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €592,485 | €490,237 | -€102,248 | -17.3% |
| Fixed assets | 21/28 | €166,111 | €131,172 | -€34,939 | -21.0% |
| Tangible fixed assets | 22/27 | €166,111 | €131,172 | -€34,939 | -21.0% |
| Land and buildings | 22 | €112,400 | €97,227 | -€15,173 | -13.5% |
| Plant, machinery and equipment | 23 | €15,162 | €10,625 | -€4,538 | -29.9% |
| Furniture and vehicles | 24 | €165 | - | -€165 | |
| Leasing and similar rights | 25 | €3,832 | - | -€3,832 | |
| Other tangible fixed assets | 26 | €34,552 | €23,320 | -€11,232 | -32.5% |
| Current assets | 29/58 | €426,374 | €359,065 | -€67,309 | -15.8% |
| Stocks and contracts in progress | 3 | €264,250 | €270,000 | +€5,750 | +2.2% |
| Stocks | 30/36 | €264,250 | €270,000 | +€5,750 | +2.2% |
| Amounts receivable within one year | 40/41 | €116,633 | €38,274 | -€78,360 | -67.2% |
| Trade receivables | 40 | €75,108 | €116 | -€74,992 | -99.8% |
| Other amounts receivable | 41 | €41,526 | €38,158 | -€3,368 | -8.1% |
| Cash at bank and in hand | 54/58 | €45,342 | €50,791 | +€5,449 | +12.0% |
| Deferred charges and accrued income | 490/1 | €149 | - | -€149 | |
| Total equity and liabilities | 10/49 | €592,485 | €490,237 | -€102,248 | -17.3% |
| Equity | 10/15 | €313,041 | €327,916 | +€14,874 | +4.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | - | €18,600 | +€18,600 | |
| Other | 1109/19 | - | €18,600 | +€18,600 | |
| Reserves | 13 | €16,310 | €31,184 | +€14,874 | +91.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Other | 1319 | €1,860 | - | -€1,860 | |
| Tax-exempt reserves | 132 | €2,450 | €2,450 | = | 0.0% |
| Distributable reserves | 133 | €12,000 | €26,874 | +€14,874 | +124.0% |
| Profit (loss) carried forward | 14 | €278,131 | €278,131 | = | 0.0% |
| Amounts payable | 17/49 | €279,444 | €162,321 | -€117,122 | -41.9% |
| Amounts payable after more than one year | 17 | €7,829 | €9,111 | +€1,282 | +16.4% |
| Financial debts | 170/4 | €7,829 | €9,111 | +€1,282 | +16.4% |
| Amounts payable within one year | 42/48 | €271,615 | €153,211 | -€118,404 | -43.6% |
| Current portion of amounts payable after more than one year | 42 | €32,638 | €21,158 | -€11,481 | -35.2% |
| Financial debts | 43 | €47,438 | €40,000 | -€7,438 | -15.7% |
| Credit institutions | 430/8 | €47,438 | €40,000 | -€7,438 | -15.7% |
| Trade debts | 44 | €120,483 | €30,543 | -€89,940 | -74.6% |
| Suppliers | 440/4 | €120,483 | €30,543 | -€89,940 | -74.6% |
| Taxes, remuneration and social security | 45 | €21,822 | €17,710 | -€4,112 | -18.8% |
| Taxes | 450/3 | €17,485 | €17,710 | +€225 | +1.3% |
| Remuneration and social security | 454/9 | €4,337 | - | -€4,337 | |
| Other amounts payable | 47/48 | €49,234 | €43,800 | -€5,434 | -11.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €8,225 | €4,620 | -€3,605 | -43.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,731 | €36,718 | -€7,012 | -16.0% |
| Other operating charges | 640/8 | €4,561 | €5,411 | +€850 | +18.6% |
| Gross operating margin | 9900 | €54,287 | €71,906 | +€17,619 | +32.5% |
| Operating profit (loss) | 9901 | -€2,230 | €25,156 | +€27,386 | |
| Financial income | 75/76B | €1,664 | €66 | -€1,598 | -96.0% |
| Recurring financial income | 75 | €1,664 | €66 | -€1,598 | -96.0% |
| Financial charges | 65/66B | €6,831 | €4,506 | -€2,325 | -34.0% |
| Recurring financial charges | 65 | €6,831 | €4,506 | -€2,325 | -34.0% |
| Profit (loss) for the period before taxes | 9903 | -€7,397 | €20,717 | +€28,114 | |
| Income taxes | 67/77 | €0 | €5,842 | +€5,842 | |
| Profit (loss) for the period | 9904 | -€7,397 | €14,874 | +€22,271 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,397 | €14,874 | +€22,271 |
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 29 September 2026 via checked.be.