JANQUART-VANDERGOTEN: 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.
JANQUART-VANDERGOTEN
Largest movements
- Stocks and contracts -€1,905
down €1,905 (-10.1%), from €18,945 to €17,040
- Cash +€1,437
up €1,437 (+9.4%), from €15,207 to €16,644
mainly Stocks and contracts (+€1,905) and Contributions, distributions and other (+€1,899)
- Short-term financial debts -€1,944
no longer reported in 2025 (was €1,944)
- Reserves +€1,899
up €1,899 (+36.5%), from €5,200 to €7,099
of which Tax-exempt reserves: +€1,898
- Profit (loss) carried forward -€411
down €411 (-58.2%), from -€706 to -€1,117
- Gross operating margin -€1,023
down €1,023 (-70.6%), from €1,448 to €425
- Purchases and services +€647
up €647 (+17.6%), from €3,675 to €4,322
- Turnover -€376
down €376 (-7.3%), from €5,123 to €4,747
- Taxes +€127
up €127 (+254.0%), from €50 to €177
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 | €35,129 | €34,661 | -€468 | -1.3% |
| Fixed assets | 21/28 | €800 | €800 | = | 0.0% |
| Financial fixed assets | 28 | €800 | €800 | = | 0.0% |
| Current assets | 29/58 | €34,329 | €33,861 | -€468 | -1.4% |
| Stocks and contracts in progress | 3 | €18,945 | €17,040 | -€1,905 | -10.1% |
| Stocks | 30/36 | €18,945 | €17,040 | -€1,905 | -10.1% |
| Amounts receivable within one year | 40/41 | €177 | €177 | = | 0.0% |
| Trade receivables | 40 | €177 | €177 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €15,207 | €16,644 | +€1,437 | +9.4% |
| Total equity and liabilities | 10/49 | €35,129 | €34,661 | -€468 | -1.3% |
| Equity | 10/15 | €29,494 | €30,982 | +€1,488 | +5.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Capital | 10 | €25,000 | €25,000 | = | 0.0% |
| Issued capital | 100 | €30,000 | €30,000 | = | 0.0% |
| Uncalled capital | 101 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €5,200 | €7,099 | +€1,899 | +36.5% |
| Non-distributable reserves | 130/1 | €641 | €642 | +€1 | +0.2% |
| Legal reserve | 130 | €641 | €642 | +€1 | +0.2% |
| Tax-exempt reserves | 132 | €4,559 | €6,457 | +€1,898 | +41.6% |
| Profit (loss) carried forward | 14 | -€706 | -€1,117 | -€411 | -58.2% |
| Amounts payable | 17/49 | €5,635 | €3,679 | -€1,956 | -34.7% |
| Amounts payable within one year | 42/48 | €5,635 | €3,679 | -€1,956 | -34.7% |
| Current portion of amounts payable after more than one year | 42 | €3,000 | €3,000 | = | 0.0% |
| Financial debts | 43 | €1,944 | - | -€1,944 | |
| Other loans | 439 | €1,944 | - | -€1,944 | |
| Trade debts | 44 | €191 | €189 | -€2 | -1.0% |
| Suppliers | 440/4 | €191 | €189 | -€2 | -1.0% |
| Taxes, remuneration and social security | 45 | €500 | €490 | -€10 | -2.0% |
| Taxes | 450/3 | €500 | €490 | -€10 | -2.0% |
| Turnover | 70 | €5,123 | €4,747 | -€376 | -7.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €3,675 | €4,322 | +€647 | +17.6% |
| Remuneration, social security and pensions | 62 | €387 | €400 | +€13 | +3.4% |
| Other operating charges | 640/8 | €221 | €216 | -€5 | -2.3% |
| Gross operating margin | 9900 | €1,448 | €425 | -€1,023 | -70.6% |
| Operating profit (loss) | 9901 | €840 | -€191 | -€1,031 | |
| Financial charges | 65/66B | €39 | €43 | +€4 | +10.3% |
| Recurring financial charges | 65 | €39 | €43 | +€4 | +10.3% |
| Profit (loss) for the period before taxes | 9903 | €801 | -€234 | -€1,035 | |
| Income taxes | 67/77 | €50 | €177 | +€127 | +254.0% |
| Profit (loss) for the period | 9904 | €751 | -€411 | -€1,162 | |
| Profit (loss) for the period to be appropriated | 9905 | €751 | -€411 | -€1,162 |
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 5 October 2026 via checked.be.