JANTHO: 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.
What changed
JANTHO
NACE 68.321, Property management for co-owned buildings (syndics)
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€618,609
2024 · €450,175-€1.1m
Equity
€2.7m
2024 · €3.4m-€618,609
Cash
€51,763
2024 · €189,919-€138,156
Balance sheet total
€18.5m
2024 · €19.8m-€1.3m
Largest movements
Assets
- Receivables after one year -€1.1m
down €1.1m (-71.6%), from €1.5m to €439,513
of which Trade receivables: -€1.2m
- Financial fixed assets -€262,780
down €262,780 (-7.8%), from €3.3m to €3.1m
- Tangible fixed assets +€225,370
up €225,370 (+1.6%), from €14.5m to €14.7m
of which Land and buildings: +€141,567
Equity and liabilities
- Debts after one year -€631,624
down €631,624 (-12.5%), from €5.0m to €4.4m
- Profit (loss) carried forward -€618,609
down €618,609 (-109.7%), from -€563,683 to -€1.2m
Income statement
- Depreciation +€108,617
up €108,617 (+25.4%), from €427,165 to €535,782
- Gross operating margin -€65,048
down €65,048 (-6.0%), from €1.1m to €1.0m
- Taxes +€41,200
new in 2025: €41,200
- Financial charges -€11,299
down €11,299 (-9.8%), from €115,682 to €104,383
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
€450,175
Gross operating margin
-€65,048
Staff costs
+€9
Depreciation
-€108,617
Other operating charges
+€99
Other operating items
-€858,409
Financial income
-€6,917
Financial charges
+€11,299
Taxes
-€41,200
Result 2025
-€618,609
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.
From operations
+€962,036
Investment
-€498,372
Financing
-€601,820
Cash 2024
€189,919
From operations (derived)
+€962,036
Net result for the year
-€618,609
Depreciation
+€535,782
Receivables after one year
+€1.1m
Receivables within one year
+€19,718
Deferred charges and accrued income
-€264
Tax, wage and social debts
+€58,816
Other debts
-€161,110
Accrued charges and deferred income
+€18,958
Investment (derived)
-€498,372
Investment in fixed assets (net)
-€498,372
Financing
-€601,820
Debts after one year
-€631,624
Current portion of long-term debt
+€29,804
Cash 2025
€51,763
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,766,004 | €18,462,239 | -€1.3m | -6.6% |
| Fixed assets | 21/28 | €17,804,240 | €17,766,830 | -€37,410 | -0.2% |
| Tangible fixed assets | 22/27 | €14,456,020 | €14,681,390 | +€225,370 | +1.6% |
| Land and buildings | 22 | €14,455,061 | €14,596,628 | +€141,567 | +1.0% |
| Plant, machinery and equipment | 23 | €959 | €32,795 | +€31,836 | +3319.7% |
| Furniture and vehicles | 24 | - | €25,543 | +€25,543 | |
| Other tangible fixed assets | 26 | - | €26,424 | +€26,424 | |
| Financial fixed assets | 28 | €3,348,220 | €3,085,440 | -€262,780 | -7.8% |
| Current assets | 29/58 | €1,961,764 | €695,409 | -€1.3m | -64.6% |
| Amounts receivable after more than one year | 29 | €1,548,258 | €439,513 | -€1.1m | -71.6% |
| Trade receivables | 290 | €1,548,258 | €395,124 | -€1.2m | -74.5% |
| Other amounts receivable | 291 | - | €44,389 | +€44,389 | |
| Amounts receivable within one year | 40/41 | €194,903 | €175,185 | -€19,718 | -10.1% |
| Trade receivables | 40 | €150,514 | €155,185 | +€4,671 | +3.1% |
| Other amounts receivable | 41 | €44,389 | €20,000 | -€24,389 | -54.9% |
| Cash at bank and in hand | 54/58 | €189,919 | €51,763 | -€138,156 | -72.7% |
| Deferred charges and accrued income | 490/1 | €28,684 | €28,948 | +€264 | +0.9% |
| Total equity and liabilities | 10/49 | €19,766,004 | €18,462,239 | -€1.3m | -6.6% |
| Equity | 10/15 | €3,360,702 | €2,742,093 | -€618,609 | -18.4% |
| Contributions | 10/11 | €3,500,000 | €3,500,000 | = | 0.0% |
| Reserves | 13 | €424,385 | €424,385 | = | 0.0% |
| Distributable reserves | 133 | €424,385 | €424,385 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€563,683 | -€1,182,292 | -€618,609 | -109.7% |
| Amounts payable | 17/49 | €16,405,302 | €15,720,146 | -€685,156 | -4.2% |
| Amounts payable after more than one year | 17 | €5,033,528 | €4,401,904 | -€631,624 | -12.5% |
| Financial debts | 170/4 | €5,033,528 | €4,401,904 | -€631,624 | -12.5% |
| Amounts payable within one year | 42/48 | €11,371,774 | €11,299,284 | -€72,490 | -0.6% |
| Current portion of amounts payable after more than one year | 42 | €601,820 | €631,624 | +€29,804 | +5.0% |
| Taxes, remuneration and social security | 45 | €24,288 | €83,104 | +€58,816 | +242.2% |
| Taxes | 450/3 | €21,685 | €80,501 | +€58,816 | +271.2% |
| Remuneration and social security | 454/9 | €2,603 | €2,603 | = | 0.0% |
| Other amounts payable | 47/48 | €10,745,666 | €10,584,556 | -€161,110 | -1.5% |
| Accrued charges and deferred income | 492/3 | - | €18,958 | +€18,958 | |
| Non-recurring operating income | 76A | €94,600 | - | -€94,600 | |
| Remuneration, social security and pensions | 62 | €19,184 | €19,175 | -€9 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €427,165 | €535,782 | +€108,617 | +25.4% |
| Other operating charges | 640/8 | €99,170 | €99,071 | -€99 | -0.1% |
| Non-recurring operating charges | 66A | - | €858,409 | +€858,409 | |
| Gross operating margin | 9900 | €1,077,516 | €1,012,468 | -€65,048 | -6.0% |
| Operating profit (loss) | 9901 | €531,997 | -€499,969 | -€1.0m | |
| Financial income | 75/76B | €33,860 | €26,943 | -€6,917 | -20.4% |
| Recurring financial income | 75 | €33,860 | €26,943 | -€6,917 | -20.4% |
| Financial charges | 65/66B | €115,682 | €104,383 | -€11,299 | -9.8% |
| Recurring financial charges | 65 | €115,682 | €104,383 | -€11,299 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | €450,175 | -€577,409 | -€1.0m | |
| Income taxes | 67/77 | - | €41,200 | +€41,200 | |
| Profit (loss) for the period | 9904 | €450,175 | -€618,609 | -€1.1m | |
| Profit (loss) for the period to be appropriated | 9905 | €450,175 | -€618,609 | -€1.1m |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.