JANSSEN Cédric: 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.
JANSSEN Cédric
Largest movements
- Tangible fixed assets +€259,579
up €259,579 (+42.8%), from €606,422 to €866,001
of which Leasing and similar rights: +€315,536
- Cash -€136,506
down €136,506 (-83.4%), from €163,699 to €27,193
mainly Investment in fixed assets (net) (-€385,144) and Receivables within one year (-€88,573)
- Receivables within one year +€88,573
up €88,573 (+175%), from €50,631 to €139,204
of which Other amounts receivable: +€47,243
- Debts after one year +€202,725
up €202,725 (+74.1%), from €273,495 to €476,220
- Tax, wage and social debts -€82,086
down €82,086 (-88.1%), from €93,224 to €11,138
of which Taxes: -€86,350
- Profit (loss) carried forward +€71,034
up €71,034 (+26.8%), from €265,000 to €336,034
- Current portion of long-term debt +€42,296
up €42,296 (+102%), from €41,301 to €83,597
- Other debts -€19,834
down €19,834 (-58.6%), from €33,834 to €14,000
- Taxes -€47,134
down €47,134 (-77.5%), from €60,856 to €13,722
- Depreciation +€39,005
up €39,005 (+45.1%), from €86,560 to €125,565
- Staff costs +€33,299
up €33,299 (+11.7%), from €285,408 to €318,707
- Gross operating margin -€24,457
down €24,457 (-4.0%), from €612,847 to €588,390
- Other operating charges +€16,834
up €16,834 (+324%), from €5,196 to €22,030
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €827,654 | €1,042,989 | +€215,335 | +26.0% |
| Fixed assets | 21/28 | €606,422 | €866,001 | +€259,579 | +42.8% |
| Tangible fixed assets | 22/27 | €606,422 | €866,001 | +€259,579 | +42.8% |
| Land and buildings | 22 | €296,122 | €338,343 | +€42,221 | +14.3% |
| Plant, machinery and equipment | 23 | €60,536 | €53,818 | -€6,718 | -11.1% |
| Furniture and vehicles | 24 | €249,764 | €158,304 | -€91,460 | -36.6% |
| Leasing and similar rights | 25 | - | €315,536 | +€315,536 | |
| Current assets | 29/58 | €221,232 | €176,988 | -€44,244 | -20.0% |
| Stocks and contracts in progress | 3 | €3,670 | €5,950 | +€2,280 | +62.1% |
| Stocks | 30/36 | €3,670 | €5,950 | +€2,280 | +62.1% |
| Amounts receivable within one year | 40/41 | €50,631 | €139,204 | +€88,573 | +175% |
| Trade receivables | 40 | €19,103 | €60,433 | +€41,330 | +216% |
| Other amounts receivable | 41 | €31,528 | €78,771 | +€47,243 | +150% |
| Cash at bank and in hand | 54/58 | €163,699 | €27,193 | -€136,506 | -83.4% |
| Deferred charges and accrued income | 490/1 | €3,232 | €4,641 | +€1,409 | +43.6% |
| Total equity and liabilities | 10/49 | €827,654 | €1,042,989 | +€215,335 | +26.0% |
| Equity | 10/15 | €383,600 | €454,634 | +€71,034 | +18.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €100,000 | €100,000 | = | 0.0% |
| Distributable reserves | 133 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €265,000 | €336,034 | +€71,034 | +26.8% |
| Amounts payable | 17/49 | €444,054 | €588,355 | +€144,301 | +32.5% |
| Amounts payable after more than one year | 17 | €273,495 | €476,220 | +€202,725 | +74.1% |
| Financial debts | 170/4 | €273,495 | €476,220 | +€202,725 | +74.1% |
| Amounts payable within one year | 42/48 | €169,044 | €111,019 | -€58,025 | -34.3% |
| Current portion of amounts payable after more than one year | 42 | €41,301 | €83,597 | +€42,296 | +102% |
| Trade debts | 44 | €685 | €2,284 | +€1,599 | +233% |
| Suppliers | 440/4 | €685 | €2,284 | +€1,599 | +233% |
| Taxes, remuneration and social security | 45 | €93,224 | €11,138 | -€82,086 | -88.1% |
| Taxes | 450/3 | €92,583 | €6,233 | -€86,350 | -93.3% |
| Remuneration and social security | 454/9 | €641 | €4,905 | +€4,264 | +665% |
| Other amounts payable | 47/48 | €33,834 | €14,000 | -€19,834 | -58.6% |
| Accrued charges and deferred income | 492/3 | €1,515 | €1,116 | -€399 | -26.3% |
| Remuneration, social security and pensions | 62 | €285,408 | €318,707 | +€33,299 | +11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,560 | €125,565 | +€39,005 | +45.1% |
| Other operating charges | 640/8 | €5,196 | €22,030 | +€16,834 | +324% |
| Gross operating margin | 9900 | €612,847 | €588,390 | -€24,457 | -4.0% |
| Operating profit (loss) | 9901 | €235,683 | €122,088 | -€113,595 | -48.2% |
| Financial income | 75/76B | €1,477 | €1,053 | -€424 | -28.7% |
| Recurring financial income | 75 | €1,477 | €1,053 | -€424 | -28.7% |
| Financial charges | 65/66B | €13,617 | €18,385 | +€4,768 | +35.0% |
| Recurring financial charges | 65 | €13,617 | €18,385 | +€4,768 | +35.0% |
| Profit (loss) for the period before taxes | 9903 | €223,543 | €104,756 | -€118,787 | -53.1% |
| Income taxes | 67/77 | €60,856 | €13,722 | -€47,134 | -77.5% |
| Profit (loss) for the period | 9904 | €162,687 | €91,034 | -€71,653 | -44.0% |
| Profit (loss) for the period to be appropriated | 9905 | €162,687 | €91,034 | -€71,653 | -44.0% |
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 27 October 2026 via checked.be.