JEANDAGAN: 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.
JEANDAGAN
Largest movements
- Receivables within one year -€32,597
down €32,597 (-67.2%), from €48,528 to €15,931
- Stocks and contracts +€6,146
up €6,146 (+42.3%), from €14,525 to €20,671
- Cash +€2,198
up €2,198 (+473%), from €465 to €2,664
mainly Tax, wage and social debts (+€32,723) and Receivables within one year (+€32,597)
- Tangible fixed assets +€1,620
up €1,620 (+112%), from €1,445 to €3,065
of which Furniture and vehicles: +€1,620
- Profit (loss) carried forward -€50,837
down €50,837 (-96.3%), from -€52,782 to -€103,619
- Tax, wage and social debts +€32,723
up €32,723 (+66.6%), from €49,144 to €81,867
of which Taxes: +€20,826
- Accrued charges and deferred income -€3,283
no longer reported in 2025 (was €3,283)
- Trade debts -€1,519
down €1,519 (-3.0%), from €51,357 to €49,838
- Staff costs +€12,558
up €12,558 (+10.2%), from €123,191 to €135,749
- Gross operating margin +€3,293
up €3,293 (+3.7%), from €89,717 to €93,011
- Financial charges -€1,445
down €1,445 (-46.2%), from €3,131 to €1,686
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 | €64,963 | €42,330 | -€22,632 | -34.8% |
| Fixed assets | 21/28 | €1,445 | €3,065 | +€1,620 | +112% |
| Tangible fixed assets | 22/27 | €1,445 | €3,065 | +€1,620 | +112% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €1,445 | €3,065 | +€1,620 | +112% |
| Current assets | 29/58 | €63,518 | €39,265 | -€24,253 | -38.2% |
| Stocks and contracts in progress | 3 | €14,525 | €20,671 | +€6,146 | +42.3% |
| Stocks | 30/36 | €14,525 | €20,671 | +€6,146 | +42.3% |
| Amounts receivable within one year | 40/41 | €48,528 | €15,931 | -€32,597 | -67.2% |
| Other amounts receivable | 41 | €48,528 | €15,931 | -€32,597 | -67.2% |
| Cash at bank and in hand | 54/58 | €465 | €2,664 | +€2,198 | +473% |
| Total equity and liabilities | 10/49 | €64,963 | €42,330 | -€22,632 | -34.8% |
| Equity | 10/15 | -€40,922 | -€91,759 | -€50,837 | -124% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Capital | 10 | €10,000 | - | -€10,000 | |
| Issued capital | 100 | €10,000 | - | -€10,000 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | -€52,782 | -€103,619 | -€50,837 | -96.3% |
| Amounts payable | 17/49 | €105,885 | €134,090 | +€28,205 | +26.6% |
| Amounts payable within one year | 42/48 | €102,601 | €134,090 | +€31,488 | +30.7% |
| Financial debts | 43 | €2,100 | €2,385 | +€284 | +13.5% |
| Credit institutions | 430/8 | €2,100 | €2,385 | +€284 | +13.5% |
| Trade debts | 44 | €51,357 | €49,838 | -€1,519 | -3.0% |
| Suppliers | 440/4 | €51,357 | €49,838 | -€1,519 | -3.0% |
| Taxes, remuneration and social security | 45 | €49,144 | €81,867 | +€32,723 | +66.6% |
| Taxes | 450/3 | €14,369 | €35,195 | +€20,826 | +145% |
| Remuneration and social security | 454/9 | €34,775 | €46,673 | +€11,898 | +34.2% |
| Accrued charges and deferred income | 492/3 | €3,283 | - | -€3,283 | |
| Remuneration, social security and pensions | 62 | €123,191 | €135,749 | +€12,558 | +10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €864 | €1,214 | +€350 | +40.6% |
| Other operating charges | 640/8 | €2,301 | €3,016 | +€715 | +31.1% |
| Non-recurring operating charges | 66A | €355 | €2,279 | +€1,925 | +543% |
| Gross operating margin | 9900 | €89,717 | €93,011 | +€3,293 | +3.7% |
| Operating profit (loss) | 9901 | -€36,993 | -€49,248 | -€12,255 | -33.1% |
| Financial income | 75/76B | €4 | €96 | +€92 | +2,179% |
| Recurring financial income | 75 | €4 | €96 | +€92 | +2,179% |
| Financial charges | 65/66B | €3,131 | €1,686 | -€1,445 | -46.2% |
| Recurring financial charges | 65 | €3,131 | €1,686 | -€1,445 | -46.2% |
| Profit (loss) for the period before taxes | 9903 | -€40,119 | -€50,837 | -€10,718 | -26.7% |
| Income taxes | 67/77 | -€183 | - | +€183 | |
| Profit (loss) for the period | 9904 | -€39,936 | -€50,837 | -€10,902 | -27.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€39,936 | -€50,837 | -€10,902 | -27.3% |
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 20 October 2026 via checked.be.