Janue: 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.
Janue
Largest movements
- Stocks and contracts +€128,179
up €128,179 (+173.1%), from €74,040 to €202,219
- Intangible fixed assets +€27,650
up €27,650, from €0 to €27,650
- Receivables within one year +€24,945
up €24,945 (+588.4%), from €4,240 to €29,185
of which Trade receivables: +€12,857
- Financial fixed assets +€6,900
new in 2025: €6,900
- Debts after one year +€67,082
up €67,082 (+30.0%), from €223,912 to €290,994
- Short-term financial debts +€48,313
new in 2025: €48,313
- Other debts +€46,580
up €46,580 (+390.4%), from €11,930 to €58,510
- Tax, wage and social debts +€19,857
up €19,857 (+205.4%), from €9,666 to €29,523
of which Remuneration and social security: +€13,331
- Investment grants +€4,402
new in 2025: €4,402
- Staff costs +€55,852
up €55,852 (+180.4%), from €30,959 to €86,810
- Gross operating margin +€52,333
up €52,333 (+93.0%), from €56,294 to €108,627
- Other operating charges -€8,772
down €8,772 (-56.1%), from €15,649 to €6,877
- Depreciation +€4,018
up €4,018 (+128.7%), from €3,122 to €7,140
- Financial charges +€1,927
up €1,927 (+62.4%), from €3,090 to €5,017
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €86,268 | €278,182 | +€191,914 | +222.5% |
| Fixed assets | 21/28 | €6,433 | €43,026 | +€36,593 | +568.9% |
| Intangible fixed assets | 21 | €0 | €27,650 | +€27,650 | |
| Tangible fixed assets | 22/27 | €6,433 | €8,476 | +€2,043 | +31.8% |
| Plant, machinery and equipment | 23 | €70 | €1,227 | +€1,157 | +1649.0% |
| Furniture and vehicles | 24 | €207 | €2,539 | +€2,332 | +1128.1% |
| Other tangible fixed assets | 26 | €6,156 | €4,710 | -€1,446 | -23.5% |
| Financial fixed assets | 28 | - | €6,900 | +€6,900 | |
| Current assets | 29/58 | €79,835 | €235,157 | +€155,321 | +194.6% |
| Stocks and contracts in progress | 3 | €74,040 | €202,219 | +€128,179 | +173.1% |
| Stocks | 30/36 | €74,040 | €202,219 | +€128,179 | +173.1% |
| Amounts receivable within one year | 40/41 | €4,240 | €29,185 | +€24,945 | +588.4% |
| Trade receivables | 40 | €1,682 | €14,539 | +€12,857 | +764.4% |
| Other amounts receivable | 41 | €2,558 | €14,646 | +€12,088 | +472.6% |
| Cash at bank and in hand | 54/58 | €600 | €3,042 | +€2,442 | +406.7% |
| Deferred charges and accrued income | 490/1 | €955 | €711 | -€245 | -25.6% |
| Total equity and liabilities | 10/49 | €86,268 | €278,182 | +€191,914 | +222.5% |
| Equity | 10/15 | -€203,452 | -€196,147 | +€7,304 | +3.6% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€253,452 | -€250,549 | +€2,902 | +1.1% |
| Investment grants | 15 | - | €4,402 | +€4,402 | |
| Amounts payable | 17/49 | €289,720 | €474,330 | +€184,610 | +63.7% |
| Amounts payable after more than one year | 17 | €223,912 | €290,994 | +€67,082 | +30.0% |
| Financial debts | 170/4 | €223,912 | €290,994 | +€67,082 | +30.0% |
| Amounts payable within one year | 42/48 | €64,157 | €182,798 | +€118,641 | +184.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | - | €48,313 | +€48,313 | |
| Credit institutions | 430/8 | - | €48,313 | +€48,313 | |
| Trade debts | 44 | €42,561 | €46,452 | +€3,891 | +9.1% |
| Suppliers | 440/4 | €42,561 | €46,452 | +€3,891 | +9.1% |
| Taxes, remuneration and social security | 45 | €9,666 | €29,523 | +€19,857 | +205.4% |
| Taxes | 450/3 | €7,278 | €13,804 | +€6,526 | +89.7% |
| Remuneration and social security | 454/9 | €2,388 | €15,719 | +€13,331 | +558.3% |
| Other amounts payable | 47/48 | €11,930 | €58,510 | +€46,580 | +390.4% |
| Accrued charges and deferred income | 492/3 | €1,651 | €538 | -€1,113 | -67.4% |
| Non-recurring operating income | 76A | - | €1,973 | +€1,973 | |
| Remuneration, social security and pensions | 62 | €30,959 | €86,810 | +€55,852 | +180.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,122 | €7,140 | +€4,018 | +128.7% |
| Other operating charges | 640/8 | €15,649 | €6,877 | -€8,772 | -56.1% |
| Gross operating margin | 9900 | €56,294 | €108,627 | +€52,333 | +93.0% |
| Operating profit (loss) | 9901 | €6,565 | €7,799 | +€1,235 | +18.8% |
| Financial income | 75/76B | €0 | €173 | +€173 | +43167.5% |
| Recurring financial income | 75 | €0 | €173 | +€173 | +43167.5% |
| Financial charges | 65/66B | €3,090 | €5,017 | +€1,927 | +62.4% |
| Recurring financial charges | 65 | €3,090 | €5,017 | +€1,927 | +62.4% |
| Profit (loss) for the period before taxes | 9903 | €3,475 | €2,955 | -€520 | -15.0% |
| Income taxes | 67/77 | €41 | €53 | +€12 | +27.9% |
| Profit (loss) for the period | 9904 | €3,434 | €2,902 | -€531 | -15.5% |
| Profit (loss) for the period to be appropriated | 9905 | €3,434 | €2,902 | -€531 | -15.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.