JANS: 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.
JANS
Largest movements
- Cash +€339,637
up €339,637 (+95.5%), from €355,547 to €695,184
mainly Current investments (+€200,000) and Net result for the year (+€148,892)
- Current investments -€200,000
no longer reported in 2025 (was €200,000)
- Tangible fixed assets +€41,476
up €41,476 (+4.8%), from €865,010 to €906,485
of which Leasing and similar rights: +€44,571
- Reserves +€148,892
up €148,892 (+12.5%), from €1.2m to €1.3m
- Other debts +€71,760
up €71,760 (+174.2%), from €41,199 to €112,959
- Tax, wage and social debts -€38,179
down €38,179 (-39.0%), from €97,985 to €59,806
of which Remuneration and social security: -€72,377
- Trade debts -€24,112
down €24,112 (-16.4%), from €147,219 to €123,107
- Debts after one year +€17,545
up €17,545 (+248.2%), from €7,068 to €24,613
- Gross operating margin +€109,329
up €109,329 (+55.5%), from €196,932 to €306,261
- Taxes +€31,026
up €31,026 (+93.9%), from €33,048 to €64,074
- Depreciation +€8,088
up €8,088 (+10.6%), from €75,951 to €84,039
- Other operating charges +€5,299
up €5,299 (+85.5%), from €6,198 to €11,497
- Financial income +€4,542
up €4,542 (+1263.4%), from €360 to €4,902
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 | €1,524,074 | €1,695,094 | +€171,020 | +11.2% |
| Fixed assets | 21/28 | €866,603 | €908,474 | +€41,871 | +4.8% |
| Tangible fixed assets | 22/27 | €865,010 | €906,485 | +€41,476 | +4.8% |
| Land and buildings | 22 | €812,217 | €785,203 | -€27,014 | -3.3% |
| Plant, machinery and equipment | 23 | €45,378 | €53,427 | +€8,049 | +17.7% |
| Furniture and vehicles | 24 | €7,415 | €23,284 | +€15,869 | +214.0% |
| Leasing and similar rights | 25 | - | €44,571 | +€44,571 | |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | €1,594 | €1,989 | +€395 | +24.8% |
| Current assets | 29/58 | €657,471 | €786,620 | +€129,149 | +19.6% |
| Stocks and contracts in progress | 3 | €18,144 | €24,237 | +€6,093 | +33.6% |
| Stocks | 30/36 | €6,144 | €5,126 | -€1,018 | -16.6% |
| Contracts in progress | 37 | €12,000 | €19,111 | +€7,111 | +59.3% |
| Amounts receivable within one year | 40/41 | €78,418 | €63,880 | -€14,538 | -18.5% |
| Trade receivables | 40 | €66,839 | €47,278 | -€19,561 | -29.3% |
| Other amounts receivable | 41 | €11,579 | €16,602 | +€5,022 | +43.4% |
| Current investments | 50/53 | €200,000 | - | -€200,000 | |
| Cash at bank and in hand | 54/58 | €355,547 | €695,184 | +€339,637 | +95.5% |
| Deferred charges and accrued income | 490/1 | €5,362 | €3,320 | -€2,042 | -38.1% |
| Total equity and liabilities | 10/49 | €1,524,074 | €1,695,094 | +€171,020 | +11.2% |
| Equity | 10/15 | €1,211,872 | €1,360,764 | +€148,892 | +12.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,193,280 | €1,342,172 | +€148,892 | +12.5% |
| Distributable reserves | 133 | €1,193,280 | €1,342,172 | +€148,892 | +12.5% |
| Amounts payable | 17/49 | €312,202 | €334,330 | +€22,128 | +7.1% |
| Amounts payable after more than one year | 17 | €7,068 | €24,613 | +€17,545 | +248.2% |
| Financial debts | 170/4 | €7,068 | €24,613 | +€17,545 | +248.2% |
| Amounts payable within one year | 42/48 | €303,053 | €309,717 | +€6,664 | +2.2% |
| Current portion of amounts payable after more than one year | 42 | €16,651 | €13,846 | -€2,805 | -16.8% |
| Trade debts | 44 | €147,219 | €123,107 | -€24,112 | -16.4% |
| Suppliers | 440/4 | €147,219 | €123,107 | -€24,112 | -16.4% |
| Taxes, remuneration and social security | 45 | €97,985 | €59,806 | -€38,179 | -39.0% |
| Taxes | 450/3 | €17,680 | €51,877 | +€34,198 | +193.4% |
| Remuneration and social security | 454/9 | €80,305 | €7,928 | -€72,377 | -90.1% |
| Other amounts payable | 47/48 | €41,199 | €112,959 | +€71,760 | +174.2% |
| Accrued charges and deferred income | 492/3 | €2,081 | - | -€2,081 | |
| Non-recurring operating income | 76A | - | €26,629 | +€26,629 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,951 | €84,039 | +€8,088 | +10.6% |
| Other operating charges | 640/8 | €6,198 | €11,497 | +€5,299 | +85.5% |
| Gross operating margin | 9900 | €196,932 | €306,261 | +€109,329 | +55.5% |
| Operating profit (loss) | 9901 | €114,783 | €210,726 | +€95,943 | +83.6% |
| Financial income | 75/76B | €360 | €4,902 | +€4,542 | +1263.4% |
| Recurring financial income | 75 | €360 | €4,902 | +€4,542 | +1263.4% |
| Financial charges | 65/66B | €3,304 | €2,662 | -€643 | -19.5% |
| Recurring financial charges | 65 | €3,304 | €2,662 | -€643 | -19.5% |
| Profit (loss) for the period before taxes | 9903 | €111,838 | €212,966 | +€101,127 | +90.4% |
| Income taxes | 67/77 | €33,048 | €64,074 | +€31,026 | +93.9% |
| Profit (loss) for the period | 9904 | €78,790 | €148,892 | +€70,102 | +89.0% |
| Profit (loss) for the period to be appropriated | 9905 | €78,790 | €148,892 | +€70,102 | +89.0% |
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 10 October 2026 via checked.be.