JANTIES: 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.
JANTIES
Largest movements
- Cash -€42,242
down €42,242 (-52.1%), from €81,093 to €38,851
mainly Contributions, distributions and other (-€100,000) and Debts after one year (-€20,126)
- Receivables within one year -€10,348
down €10,348 (-24.9%), from €41,636 to €31,289
of which Trade receivables: -€13,638
- Tangible fixed assets -€8,321
down €8,321 (-40.4%), from €20,618 to €12,297
- Stocks and contracts +€6,387
up €6,387 (+83.3%), from €7,666 to €14,053
- Reserves -€83,799
down €83,799 (-42.8%), from €195,970 to €112,171
- Other debts +€60,000
new in 2025: €60,000
- Debts after one year -€20,126
down €20,126 (-99.5%), from €20,230 to €104
- Tax, wage and social debts -€9,955
down €9,955 (-48.8%), from €20,392 to €10,437
of which Taxes: -€9,519
- Gross operating margin -€36,355
down €36,355 (-53.4%), from €68,115 to €31,760
- Taxes -€10,425
down €10,425 (-69.0%), from €15,105 to €4,680
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 | €258,275 | €202,287 | -€55,988 | -21.7% |
| Fixed assets | 21/28 | €25,438 | €15,517 | -€9,921 | -39.0% |
| Intangible fixed assets | 21 | €3,200 | €1,600 | -€1,600 | -50.0% |
| Tangible fixed assets | 22/27 | €20,618 | €12,297 | -€8,321 | -40.4% |
| Furniture and vehicles | 24 | €20,618 | €12,297 | -€8,321 | -40.4% |
| Financial fixed assets | 28 | €1,620 | €1,620 | = | 0.0% |
| Current assets | 29/58 | €232,837 | €186,770 | -€46,067 | -19.8% |
| Stocks and contracts in progress | 3 | €7,666 | €14,053 | +€6,387 | +83.3% |
| Stocks | 30/36 | €7,666 | €14,053 | +€6,387 | +83.3% |
| Amounts receivable within one year | 40/41 | €41,636 | €31,289 | -€10,348 | -24.9% |
| Trade receivables | 40 | €41,562 | €27,924 | -€13,638 | -32.8% |
| Other amounts receivable | 41 | €75 | €3,365 | +€3,290 | +4,409% |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €81,093 | €38,851 | -€42,242 | -52.1% |
| Deferred charges and accrued income | 490/1 | €2,441 | €2,578 | +€137 | +5.6% |
| Total equity and liabilities | 10/49 | €258,275 | €202,287 | -€55,988 | -21.7% |
| Equity | 10/15 | €214,570 | €130,771 | -€83,799 | -39.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €195,970 | €112,171 | -€83,799 | -42.8% |
| Distributable reserves | 133 | €195,970 | €112,171 | -€83,799 | -42.8% |
| Amounts payable | 17/49 | €43,705 | €71,516 | +€27,811 | +63.6% |
| Amounts payable after more than one year | 17 | €20,230 | €104 | -€20,126 | -99.5% |
| Other amounts payable | 178/9 | €20,230 | €104 | -€20,126 | -99.5% |
| Amounts payable within one year | 42/48 | €23,475 | €71,412 | +€47,937 | +204% |
| Current portion of amounts payable after more than one year | 42 | €500 | - | -€500 | |
| Trade debts | 44 | €2,582 | €975 | -€1,608 | -62.3% |
| Suppliers | 440/4 | €2,582 | €975 | -€1,608 | -62.3% |
| Taxes, remuneration and social security | 45 | €20,392 | €10,437 | -€9,955 | -48.8% |
| Taxes | 450/3 | €17,050 | €7,531 | -€9,519 | -55.8% |
| Remuneration and social security | 454/9 | €3,342 | €2,907 | -€436 | -13.0% |
| Other amounts payable | 47/48 | - | €60,000 | +€60,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,781 | €9,921 | +€140 | +1.4% |
| Other operating charges | 640/8 | €2,603 | €2,735 | +€132 | +5.1% |
| Gross operating margin | 9900 | €68,115 | €31,760 | -€36,355 | -53.4% |
| Operating profit (loss) | 9901 | €55,731 | €19,103 | -€36,628 | -65.7% |
| Financial income | 75/76B | €1,739 | €2,196 | +€458 | +26.3% |
| Recurring financial income | 75 | €1,739 | €2,196 | +€458 | +26.3% |
| Financial charges | 65/66B | €516 | €419 | -€96 | -18.7% |
| Recurring financial charges | 65 | €516 | €419 | -€96 | -18.7% |
| Profit (loss) for the period before taxes | 9903 | €56,954 | €20,881 | -€36,074 | -63.3% |
| Income taxes | 67/77 | €15,105 | €4,680 | -€10,425 | -69.0% |
| Profit (loss) for the period | 9904 | €41,849 | €16,201 | -€25,648 | -61.3% |
| Profit (loss) for the period to be appropriated | 9905 | €41,849 | €16,201 | -€25,648 | -61.3% |
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.