JANSEN - CEUPPENS: 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
JANSEN - CEUPPENS
NACE 47.730, Retail sale of pharmaceutical products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€496,622
2024 · €293,410+€203,212
Equity
€2.6m
2024 · €2.3m+€371,622
Cash
€234,672
2024 · €159,553+€75,119
Balance sheet total
€2.9m
2024 · €2.5m+€382,898
Largest movements
Assets
- Current investments +€308,026
up €308,026 (+25.6%), from €1.2m to €1.5m
- Cash +€75,119
up €75,119 (+47.1%), from €159,553 to €234,672
mainly Net result for the year (+€496,622) and Receivables within one year (+€25,241)
Equity and liabilities
- Profit (loss) carried forward +€371,622
up €371,622 (+21.1%), from €1.8m to €2.1m
Income statement
- Financial income +€181,193
up €181,193 (+2,877%), from €6,298 to €187,491
of which Non-recurring financial income: +€145,043
- Gross operating margin +€63,561
up €63,561 (+12.1%), from €524,061 to €587,622
- Taxes +€22,429
up €22,429 (+43.1%), from €51,990 to €74,419
- Staff costs +€17,324
up €17,324 (+10.3%), from €168,574 to €185,898
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
€293,410
Gross operating margin
+€63,561
Staff costs
-€17,324
Depreciation
-€2,092
Other operating charges
-€8
Other operating items
+€1,259
Financial income
+€181,193
Financial charges
-€946
Taxes
-€22,429
Result 2025
€496,622
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
+€526,298
Investment
-€326,179
Financing
-€125,000
Cash 2024
€159,553
From operations (derived)
+€526,298
Net result for the year
+€496,622
Depreciation
+€11,809
Stocks and contracts
-€18,288
Receivables within one year
+€25,241
Smaller working-capital items
-€958
Trade debts
+€24,638
Tax, wage and social debts
-€2,970
Other debts
-€9,796
Investment (derived)
-€326,179
Investment in fixed assets (net)
-€18,153
Current investments
-€308,026
Financing
-€125,000
Contributions, distributions and other
-€125,000
Cash 2025
€234,672
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,522,476 | €2,905,374 | +€382,898 | +15.2% |
| Fixed assets | 21/28 | €37,343 | €43,687 | +€6,344 | +17.0% |
| Intangible fixed assets | 21 | - | €10,830 | +€10,830 | |
| Tangible fixed assets | 22/27 | €32,234 | €27,748 | -€4,486 | -13.9% |
| Land and buildings | 22 | €7,153 | €4,842 | -€2,311 | -32.3% |
| Plant, machinery and equipment | 23 | €11,377 | €10,328 | -€1,049 | -9.2% |
| Furniture and vehicles | 24 | €1,108 | €548 | -€560 | -50.6% |
| Other tangible fixed assets | 26 | €12,596 | €12,030 | -€566 | -4.5% |
| Financial fixed assets | 28 | €5,109 | €5,109 | = | 0.0% |
| Current assets | 29/58 | €2,485,133 | €2,861,686 | +€376,553 | +15.2% |
| Stocks and contracts in progress | 3 | €386,069 | €404,357 | +€18,288 | +4.7% |
| Stocks | 30/36 | €386,069 | €404,357 | +€18,288 | +4.7% |
| Amounts receivable within one year | 40/41 | €733,338 | €708,097 | -€25,241 | -3.4% |
| Trade receivables | 40 | €92,903 | €99,116 | +€6,212 | +6.7% |
| Other amounts receivable | 41 | €640,435 | €608,982 | -€31,453 | -4.9% |
| Current investments | 50/53 | €1,201,912 | €1,509,938 | +€308,026 | +25.6% |
| Cash at bank and in hand | 54/58 | €159,553 | €234,672 | +€75,119 | +47.1% |
| Deferred charges and accrued income | 490/1 | €4,261 | €4,622 | +€361 | +8.5% |
| Total equity and liabilities | 10/49 | €2,522,476 | €2,905,374 | +€382,898 | +15.2% |
| Equity | 10/15 | €2,256,612 | €2,628,235 | +€371,622 | +16.5% |
| Contributions | 10/11 | €74,370 | €74,370 | = | 0.0% |
| Reserves | 13 | €420,766 | €420,766 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,437 | €7,437 | = | 0.0% |
| Distributable reserves | 133 | €413,329 | €413,329 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,761,477 | €2,133,099 | +€371,622 | +21.1% |
| Amounts payable | 17/49 | €265,863 | €277,139 | +€11,276 | +4.2% |
| Amounts payable within one year | 42/48 | €265,105 | €276,977 | +€11,872 | +4.5% |
| Trade debts | 44 | €90,002 | €114,640 | +€24,638 | +27.4% |
| Suppliers | 440/4 | €90,002 | €114,640 | +€24,638 | +27.4% |
| Taxes, remuneration and social security | 45 | €36,417 | €33,447 | -€2,970 | -8.2% |
| Taxes | 450/3 | €7,215 | €656 | -€6,559 | -90.9% |
| Remuneration and social security | 454/9 | €29,201 | €32,791 | +€3,589 | +12.3% |
| Other amounts payable | 47/48 | €138,687 | €128,890 | -€9,796 | -7.1% |
| Accrued charges and deferred income | 492/3 | €759 | €162 | -€596 | -78.6% |
| Non-recurring operating income | 76A | €1,277 | - | -€1,277 | |
| Remuneration, social security and pensions | 62 | €168,574 | €185,898 | +€17,324 | +10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,717 | €11,809 | +€2,092 | +21.5% |
| Other operating charges | 640/8 | €1,037 | €1,045 | +€8 | +0.7% |
| Non-recurring operating charges | 66A | €1,259 | - | -€1,259 | |
| Gross operating margin | 9900 | €524,061 | €587,622 | +€63,561 | +12.1% |
| Operating profit (loss) | 9901 | €343,474 | €388,869 | +€45,396 | +13.2% |
| Financial income | 75/76B | €6,298 | €187,491 | +€181,193 | +2,877% |
| Recurring financial income | 75 | €6,143 | €42,293 | +€36,150 | +588% |
| Non-recurring financial income | 76B | €155 | €145,198 | +€145,043 | +93,630% |
| Financial charges | 65/66B | €4,373 | €5,319 | +€946 | +21.6% |
| Recurring financial charges | 65 | €4,373 | €5,319 | +€946 | +21.6% |
| Profit (loss) for the period before taxes | 9903 | €345,399 | €571,041 | +€225,642 | +65.3% |
| Income taxes | 67/77 | €51,990 | €74,419 | +€22,429 | +43.1% |
| Profit (loss) for the period | 9904 | €293,410 | €496,622 | +€203,212 | +69.3% |
| Profit (loss) for the period to be appropriated | 9905 | €293,410 | €496,622 | +€203,212 | +69.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.