JANOX: 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.
What changed
JANOX
NACE 46.842, Wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€32,866
2024 · €8,138+€24,728
Equity
€194,319
2024 · €162,286+€32,033
Cash
€3,455
2024 · €9,525-€6,070
Balance sheet total
€1.2m
2024 · €1.1m+€46,678
Largest movements
Assets
- Stocks and contracts +€115,073
up €115,073 (+17.9%), from €642,673 to €757,746
- Receivables within one year -€58,245
down €58,245 (-47.1%), from €123,746 to €65,501
of which Other amounts receivable: -€34,885
- Tangible fixed assets -€26,531
down €26,531 (-7.6%), from €347,023 to €320,492
of which Plant, machinery and equipment: -€40,810
- Intangible fixed assets +€17,695
new in 2025: €17,695
Equity and liabilities
- Trade debts +€117,240
up €117,240 (+40.2%), from €291,555 to €408,795
- Tax, wage and social debts -€69,173
down €69,173 (-72.6%), from €95,259 to €26,086
of which Taxes: -€74,787
- Other debts +€47,678
up €47,678 (+32.7%), from €145,842 to €193,521
- Provisions -€31,017
down €31,017 (-100%), from €31,017 to €0
- Reserves +€30,773
up €30,773 (+25.7%), from €119,945 to €150,719
of which Distributable reserves: +€35,133
Income statement
- Gross operating margin +€61,703
up €61,703 (+29.2%), from €211,462 to €273,165
- Depreciation +€35,892
up €35,892 (+71.6%), from €50,129 to €86,021
- Staff costs +€35,008
up €35,008 (+33.6%), from €104,212 to €139,220
- Provisions -€31,017
new in 2025: -€31,017
- Other operating charges -€15,255
down €15,255 (-75.6%), from €20,168 to €4,913
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.
Result 2024
€8,138
Gross operating margin
+€61,703
Staff costs
-€35,008
Depreciation
-€35,892
Write-downs
+€2,691
Provisions
+€31,017
Other operating charges
+€15,255
Other operating items
-€2,126
Financial income
+€2,482
Financial charges
-€4,242
Taxes
-€11,152
Result 2025
€32,866
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€109,814
Investment
-€77,185
Financing
-€38,699
Cash 2024
€9,525
From operations (derived)
+€109,814
Net result for the year
+€32,866
Depreciation
+€86,021
Stocks and contracts
-€115,073
Receivables within one year
+€58,245
Deferred charges and accrued income
-€4,757
Provisions
-€31,017
Trade debts
+€117,240
Tax, wage and social debts
-€69,173
Other debts
+€47,678
Accrued charges and deferred income
-€12,218
Investment (derived)
-€77,185
Investment in fixed assets (net)
-€77,185
Financing
-€38,699
Debts after one year
-€4,812
Current portion of long-term debt
-€5,170
Short-term financial debts
-€27,883
Contributions, distributions and other
-€833
Cash 2025
€3,455
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,128,968 | €1,175,646 | +€46,678 | +4.1% |
| Fixed assets | 21/28 | €353,023 | €344,187 | -€8,836 | -2.5% |
| Intangible fixed assets | 21 | - | €17,695 | +€17,695 | |
| Tangible fixed assets | 22/27 | €347,023 | €320,492 | -€26,531 | -7.6% |
| Plant, machinery and equipment | 23 | €160,504 | €119,694 | -€40,810 | -25.4% |
| Furniture and vehicles | 24 | €2,220 | €2,986 | +€766 | +34.5% |
| Leasing and similar rights | 25 | €181,777 | €195,921 | +€14,143 | +7.8% |
| Other tangible fixed assets | 26 | €2,522 | €1,892 | -€631 | -25.0% |
| Financial fixed assets | 28 | €6,000 | €6,000 | = | 0.0% |
| Current assets | 29/58 | €775,945 | €831,459 | +€55,514 | +7.2% |
| Stocks and contracts in progress | 3 | €642,673 | €757,746 | +€115,073 | +17.9% |
| Stocks | 30/36 | €642,673 | €757,746 | +€115,073 | +17.9% |
| Amounts receivable within one year | 40/41 | €123,746 | €65,501 | -€58,245 | -47.1% |
| Trade receivables | 40 | €46,787 | €23,427 | -€23,360 | -49.9% |
| Other amounts receivable | 41 | €76,959 | €42,074 | -€34,885 | -45.3% |
| Cash at bank and in hand | 54/58 | €9,525 | €3,455 | -€6,070 | -63.7% |
| Deferred charges and accrued income | 490/1 | €0 | €4,757 | +€4,757 | |
| Total equity and liabilities | 10/49 | €1,128,968 | €1,175,646 | +€46,678 | +4.1% |
| Equity | 10/15 | €162,286 | €194,319 | +€32,033 | +19.7% |
| Contributions | 10/11 | €43,600 | €43,600 | = | 0.0% |
| Reserves | 13 | €119,945 | €150,719 | +€30,773 | +25.7% |
| Non-distributable reserves | 130/1 | €4,360 | €0 | -€4,360 | -100% |
| Reserves not available under the articles | 1311 | €4,360 | €0 | -€4,360 | -100% |
| Distributable reserves | 133 | €115,585 | €150,719 | +€35,133 | +30.4% |
| Profit (loss) carried forward | 14 | -€1,259 | €0 | +€1,259 | |
| Provisions and deferred taxes | 16 | €31,017 | €0 | -€31,017 | -100% |
| Provisions for liabilities and charges | 160/5 | €31,017 | €0 | -€31,017 | -100% |
| Major repairs and maintenance | 162 | €31,017 | €0 | -€31,017 | -100% |
| Amounts payable | 17/49 | €935,666 | €981,328 | +€45,662 | +4.9% |
| Amounts payable after more than one year | 17 | €207,121 | €202,309 | -€4,812 | -2.3% |
| Financial debts | 170/4 | €207,121 | €202,309 | -€4,812 | -2.3% |
| Amounts payable within one year | 42/48 | €716,326 | €779,019 | +€62,692 | +8.8% |
| Current portion of amounts payable after more than one year | 42 | €74,066 | €68,896 | -€5,170 | -7.0% |
| Financial debts | 43 | €109,604 | €81,721 | -€27,883 | -25.4% |
| Credit institutions | 430/8 | €109,604 | €81,721 | -€27,883 | -25.4% |
| Trade debts | 44 | €291,555 | €408,795 | +€117,240 | +40.2% |
| Suppliers | 440/4 | €291,555 | €408,795 | +€117,240 | +40.2% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €95,259 | €26,086 | -€69,173 | -72.6% |
| Taxes | 450/3 | €82,753 | €7,966 | -€74,787 | -90.4% |
| Remuneration and social security | 454/9 | €12,506 | €18,120 | +€5,614 | +44.9% |
| Other amounts payable | 47/48 | €145,842 | €193,521 | +€47,678 | +32.7% |
| Accrued charges and deferred income | 492/3 | €12,218 | €0 | -€12,218 | -100% |
| Non-recurring operating income | 76A | €0 | €2,473 | +€2,473 | |
| Remuneration, social security and pensions | 62 | €104,212 | €139,220 | +€35,008 | +33.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,129 | €86,021 | +€35,892 | +71.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | -€2,691 | -€2,691 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€31,017 | -€31,017 | |
| Other operating charges | 640/8 | €20,168 | €4,913 | -€15,255 | -75.6% |
| Non-recurring operating charges | 66A | - | €2,126 | +€2,126 | |
| Gross operating margin | 9900 | €211,462 | €273,165 | +€61,703 | +29.2% |
| Operating profit (loss) | 9901 | €36,952 | €74,592 | +€37,640 | +102% |
| Financial income | 75/76B | €1,099 | €3,581 | +€2,482 | +226% |
| Recurring financial income | 75 | €1,099 | €3,581 | +€2,482 | +226% |
| Financial charges | 65/66B | €29,104 | €33,346 | +€4,242 | +14.6% |
| Recurring financial charges | 65 | €29,104 | €33,346 | +€4,242 | +14.6% |
| Profit (loss) for the period before taxes | 9903 | €8,947 | €44,827 | +€35,879 | +401% |
| Income taxes | 67/77 | €809 | €11,961 | +€11,152 | +1,378% |
| Profit (loss) for the period | 9904 | €8,138 | €32,866 | +€24,728 | +304% |
| Profit (loss) for the period to be appropriated | 9905 | €8,138 | €32,866 | +€24,728 | +304% |
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 16 October 2026 via checked.be.