JANUS PARTICIPATIONS: 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.
JANUS PARTICIPATIONS
Largest movements
- Receivables within one year -€226,385
down €226,385 (-14.7%), from €1.5m to €1.3m
of which Other amounts receivable: -€224,810
- Tangible fixed assets +€50,000
new in 2025: €50,000
- Other debts -€412,000
down €412,000 (-28.2%), from €1.5m to €1.0m
- Profit (loss) carried forward +€213,073
up €213,073 (+21.7%), from €980,473 to €1.2m
- Gross operating margin -€146
down €146 (-2.9%), from €4,998 to €4,852
- Taxes -€116
down €116 (-10.7%), from €1,084 to €968
- Financial charges +€115
up €115 (+195%), from €59 to €174
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 | €4,330,064 | €4,129,690 | -€200,375 | -4.6% |
| Fixed assets | 21/28 | €2,750,000 | €2,800,000 | +€50,000 | +1.8% |
| Tangible fixed assets | 22/27 | - | €50,000 | +€50,000 | |
| Assets under construction and advance payments | 27 | - | €50,000 | +€50,000 | |
| Financial fixed assets | 28 | €2,750,000 | €2,750,000 | = | 0.0% |
| Current assets | 29/58 | €1,580,064 | €1,329,690 | -€250,375 | -15.8% |
| Amounts receivable within one year | 40/41 | €1,540,017 | €1,313,632 | -€226,385 | -14.7% |
| Trade receivables | 40 | €9,075 | €7,500 | -€1,575 | -17.4% |
| Other amounts receivable | 41 | €1,530,942 | €1,306,132 | -€224,810 | -14.7% |
| Cash at bank and in hand | 54/58 | €40,047 | €16,057 | -€23,990 | -59.9% |
| Total equity and liabilities | 10/49 | €4,330,064 | €4,129,690 | -€200,375 | -4.6% |
| Equity | 10/15 | €2,867,105 | €3,080,178 | +€213,073 | +7.4% |
| Contributions | 10/11 | €1,300,000 | €1,300,000 | = | 0.0% |
| Capital | 10 | €1,300,000 | €1,300,000 | = | 0.0% |
| Issued capital | 100 | €1,300,000 | €1,300,000 | = | 0.0% |
| Reserves | 13 | €586,632 | €586,632 | = | 0.0% |
| Non-distributable reserves | 130/1 | €130,000 | €130,000 | = | 0.0% |
| Legal reserve | 130 | €130,000 | €130,000 | = | 0.0% |
| Distributable reserves | 133 | €456,632 | €456,632 | = | 0.0% |
| Profit (loss) carried forward | 14 | €980,473 | €1,193,546 | +€213,073 | +21.7% |
| Amounts payable | 17/49 | €1,462,960 | €1,049,512 | -€413,448 | -28.3% |
| Amounts payable within one year | 42/48 | €1,462,960 | €1,049,512 | -€413,448 | -28.3% |
| Taxes, remuneration and social security | 45 | €2,438 | €990 | -€1,448 | -59.4% |
| Taxes | 450/3 | €2,438 | €990 | -€1,448 | -59.4% |
| Other amounts payable | 47/48 | €1,460,522 | €1,048,522 | -€412,000 | -28.2% |
| Other operating charges | 640/8 | €960 | €968 | +€7 | +0.8% |
| Gross operating margin | 9900 | €4,998 | €4,852 | -€146 | -2.9% |
| Operating profit (loss) | 9901 | €4,037 | €3,884 | -€153 | -3.8% |
| Financial income | 75/76B | €210,330 | €210,330 | = | 0.0% |
| Recurring financial income | 75 | €210,330 | €210,330 | = | 0.0% |
| Financial charges | 65/66B | €59 | €174 | +€115 | +195% |
| Recurring financial charges | 65 | €59 | €174 | +€115 | +195% |
| Profit (loss) for the period before taxes | 9903 | €214,309 | €214,041 | -€268 | -0.1% |
| Income taxes | 67/77 | €1,084 | €968 | -€116 | -10.7% |
| Profit (loss) for the period | 9904 | €213,225 | €213,073 | -€152 | -0.1% |
| Profit (loss) for the period to be appropriated | 9905 | €213,225 | €213,073 | -€152 | -0.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.