JANSSEN-SERCK: 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-SERCK
Largest movements
- Tangible fixed assets -€198,043
down €198,043 (-13.8%), from €1.4m to €1.2m
of which Leasing and similar rights: -€188,496
- Receivables after one year +€100,000
up €100,000 (+14.8%), from €674,670 to €774,670
- Receivables within one year -€73,545
down €73,545 (-61.3%), from €119,939 to €46,394
of which Trade receivables: -€95,021
- Cash -€36,455
down €36,455 (-96.1%), from €37,946 to €1,490
mainly Debts after one year (-€229,916) and Tax, wage and social debts (-€157,578)
- Other debts +€291,886
up €291,886 (+29.8%), from €979,017 to €1.3m
- Debts after one year -€229,916
down €229,916 (-27.2%), from €844,162 to €614,245
- Tax, wage and social debts -€157,578
down €157,578 (-85.1%), from €185,145 to €27,566
- Reserves -€85,000
down €85,000 (-10.9%), from €783,125 to €698,125
of which Distributable reserves: -€85,000
- Gross operating margin -€151,988
down €151,988 (-25.2%), from €602,395 to €450,407
- Taxes -€91,602
down €91,602 (-76.1%), from €120,304 to €28,702
- Staff costs -€91,139
down €91,139, from €91,085 to -€54
- Financial charges -€19,814
down €19,814 (-29.4%), from €67,295 to €47,481
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 | €3,536,533 | €3,345,602 | -€190,931 | -5.4% |
| Fixed assets | 21/28 | €2,697,505 | €2,499,282 | -€198,223 | -7.3% |
| Tangible fixed assets | 22/27 | €1,434,257 | €1,236,214 | -€198,043 | -13.8% |
| Land and buildings | 22 | €450,410 | €450,410 | = | 0.0% |
| Plant, machinery and equipment | 23 | €47,991 | €34,960 | -€13,031 | -27.2% |
| Furniture and vehicles | 24 | €100,905 | €86,268 | -€14,637 | -14.5% |
| Leasing and similar rights | 25 | €813,108 | €624,612 | -€188,496 | -23.2% |
| Other tangible fixed assets | 26 | €21,844 | €39,965 | +€18,121 | +83.0% |
| Financial fixed assets | 28 | €1,263,248 | €1,263,068 | -€180 | 0.0% |
| Current assets | 29/58 | €839,028 | €846,320 | +€7,292 | +0.9% |
| Amounts receivable after more than one year | 29 | €674,670 | €774,670 | +€100,000 | +14.8% |
| Other amounts receivable | 291 | €674,670 | €774,670 | +€100,000 | +14.8% |
| Amounts receivable within one year | 40/41 | €119,939 | €46,394 | -€73,545 | -61.3% |
| Trade receivables | 40 | €95,611 | €590 | -€95,021 | -99.4% |
| Other amounts receivable | 41 | €24,328 | €45,804 | +€21,477 | +88.3% |
| Cash at bank and in hand | 54/58 | €37,946 | €1,490 | -€36,455 | -96.1% |
| Deferred charges and accrued income | 490/1 | €6,474 | €23,766 | +€17,292 | +267% |
| Total equity and liabilities | 10/49 | €3,536,533 | €3,345,602 | -€190,931 | -5.4% |
| Equity | 10/15 | €1,143,317 | €1,093,579 | -€49,739 | -4.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | €12,400 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €783,125 | €698,125 | -€85,000 | -10.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €781,265 | €696,265 | -€85,000 | -10.9% |
| Profit (loss) carried forward | 14 | €347,792 | €383,054 | +€35,261 | +10.1% |
| Amounts payable | 17/49 | €2,393,216 | €2,252,023 | -€141,193 | -5.9% |
| Amounts payable after more than one year | 17 | €844,162 | €614,245 | -€229,916 | -27.2% |
| Financial debts | 170/4 | €844,162 | €614,245 | -€229,916 | -27.2% |
| Amounts payable within one year | 42/48 | €1,549,054 | €1,637,778 | +€88,724 | +5.7% |
| Current portion of amounts payable after more than one year | 42 | €356,467 | €330,694 | -€25,774 | -7.2% |
| Trade debts | 44 | €28,425 | €8,615 | -€19,810 | -69.7% |
| Suppliers | 440/4 | €28,425 | €8,615 | -€19,810 | -69.7% |
| Taxes, remuneration and social security | 45 | €185,145 | €27,566 | -€157,578 | -85.1% |
| Taxes | 450/3 | €185,145 | €27,566 | -€157,578 | -85.1% |
| Other amounts payable | 47/48 | €979,017 | €1,270,903 | +€291,886 | +29.8% |
| Remuneration, social security and pensions | 62 | €91,085 | -€54 | -€91,139 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €303,444 | €298,701 | -€4,743 | -1.6% |
| Other operating charges | 640/8 | €30,244 | €33,556 | +€3,312 | +11.0% |
| Gross operating margin | 9900 | €602,395 | €450,407 | -€151,988 | -25.2% |
| Operating profit (loss) | 9901 | €177,621 | €118,204 | -€59,417 | -33.5% |
| Financial income | 75/76B | €20,355 | €23,240 | +€2,885 | +14.2% |
| Recurring financial income | 75 | €20,355 | €23,240 | +€2,885 | +14.2% |
| Financial charges | 65/66B | €67,295 | €47,481 | -€19,814 | -29.4% |
| Recurring financial charges | 65 | €67,295 | €47,481 | -€19,814 | -29.4% |
| Profit (loss) for the period before taxes | 9903 | €130,682 | €93,963 | -€36,718 | -28.1% |
| Income taxes | 67/77 | €120,304 | €28,702 | -€91,602 | -76.1% |
| Profit (loss) for the period | 9904 | €10,378 | €65,261 | +€54,883 | +529% |
| Profit (loss) for the period to be appropriated | 9905 | €10,378 | €65,261 | +€54,883 | +529% |
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 20 October 2026 via checked.be.