JanVL: 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.
JanVL
Largest movements
- Tangible fixed assets +€639,712
up €639,712 (+79.6%), from €803,333 to €1.4m
of which Land and buildings: +€586,480
- Receivables within one year -€561,336
down €561,336 (-56.2%), from €998,875 to €437,539
of which Other amounts receivable: -€379,168
- Cash -€71,294
down €71,294 (-20.9%), from €340,361 to €269,067
mainly Investment in fixed assets (net) (-€703,621) and Contributions, distributions and other (-€297,600)
- Reserves +€202,000
up €202,000 (+8.3%), from €2.4m to €2.6m
- Trade debts -€129,915
down €129,915 (-97.7%), from €133,005 to €3,090
- Tax, wage and social debts -€65,310
down €65,310 (-74.2%), from €88,048 to €22,738
of which Taxes: -€65,278
- Taxes -€95,277
down €95,277 (-31.3%), from €304,052 to €208,775
- Other operating charges +€89,896
up €89,896 (+2992.7%), from €3,004 to €92,900
- Gross operating margin -€48,958
down €48,958 (-5.0%), from €970,460 to €921,502
- Financial income -€27,581
down €27,581 (-84.6%), from €32,608 to €5,027
- Depreciation +€22,512
up €22,512 (+54.4%), from €41,397 to €63,909
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 | €2,683,621 | €2,690,401 | +€6,780 | +0.3% |
| Fixed assets | 21/28 | €1,343,165 | €1,982,877 | +€639,712 | +47.6% |
| Tangible fixed assets | 22/27 | €803,333 | €1,443,045 | +€639,712 | +79.6% |
| Land and buildings | 22 | €802,575 | €1,389,055 | +€586,480 | +73.1% |
| Plant, machinery and equipment | 23 | €370 | €276 | -€94 | -25.4% |
| Furniture and vehicles | 24 | €62 | €53,685 | +€53,623 | +86755.3% |
| Other tangible fixed assets | 26 | €326 | €29 | -€297 | -91.2% |
| Financial fixed assets | 28 | €539,832 | €539,832 | = | 0.0% |
| Current assets | 29/58 | €1,340,456 | €707,524 | -€632,932 | -47.2% |
| Amounts receivable within one year | 40/41 | €998,875 | €437,539 | -€561,336 | -56.2% |
| Trade receivables | 40 | €597,401 | €415,233 | -€182,168 | -30.5% |
| Other amounts receivable | 41 | €401,474 | €22,306 | -€379,168 | -94.4% |
| Cash at bank and in hand | 54/58 | €340,361 | €269,067 | -€71,294 | -20.9% |
| Deferred charges and accrued income | 490/1 | €1,220 | €918 | -€302 | -24.7% |
| Total equity and liabilities | 10/49 | €2,683,621 | €2,690,401 | +€6,780 | +0.3% |
| Equity | 10/15 | €2,462,568 | €2,664,573 | +€202,005 | +8.2% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €2,444,550 | €2,646,550 | +€202,000 | +8.3% |
| Distributable reserves | 133 | €2,444,550 | €2,646,550 | +€202,000 | +8.3% |
| Profit (loss) carried forward | 14 | €3,758 | €3,763 | +€5 | +0.1% |
| Amounts payable | 17/49 | €221,053 | €25,828 | -€195,225 | -88.3% |
| Amounts payable within one year | 42/48 | €221,053 | €25,828 | -€195,225 | -88.3% |
| Trade debts | 44 | €133,005 | €3,090 | -€129,915 | -97.7% |
| Suppliers | 440/4 | €133,005 | €3,090 | -€129,915 | -97.7% |
| Taxes, remuneration and social security | 45 | €88,048 | €22,738 | -€65,310 | -74.2% |
| Taxes | 450/3 | €79,236 | €13,958 | -€65,278 | -82.4% |
| Remuneration and social security | 454/9 | €8,812 | €8,781 | -€31 | -0.4% |
| Non-recurring operating income | 76A | - | €13,941 | +€13,941 | |
| Remuneration, social security and pensions | 62 | €38,967 | €37,678 | -€1,288 | -3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,397 | €63,909 | +€22,512 | +54.4% |
| Other operating charges | 640/8 | €3,004 | €92,900 | +€89,896 | +2992.7% |
| Non-recurring operating charges | 66A | €9,809 | €23,000 | +€13,191 | +134.5% |
| Gross operating margin | 9900 | €970,460 | €921,502 | -€48,958 | -5.0% |
| Operating profit (loss) | 9901 | €877,284 | €704,015 | -€173,269 | -19.8% |
| Financial income | 75/76B | €32,608 | €5,027 | -€27,581 | -84.6% |
| Recurring financial income | 75 | €32,608 | €5,027 | -€27,581 | -84.6% |
| Financial charges | 65/66B | €54 | €661 | +€607 | +1127.0% |
| Recurring financial charges | 65 | €54 | €661 | +€607 | +1127.0% |
| Profit (loss) for the period before taxes | 9903 | €909,838 | €708,380 | -€201,458 | -22.1% |
| Income taxes | 67/77 | €304,052 | €208,775 | -€95,277 | -31.3% |
| Profit (loss) for the period | 9904 | €605,786 | €499,605 | -€106,181 | -17.5% |
| Profit (loss) for the period to be appropriated | 9905 | €605,786 | €499,605 | -€106,181 | -17.5% |
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 9 October 2026 via checked.be.