JOS BAENS: 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.
JOS BAENS
Largest movements
- Cash +€6,957
up €6,957 (+40.6%), from €17,142 to €24,099
mainly Net result for the year (+€47,736) and Other debts (+€25,336)
- Receivables within one year +€1,213
up €1,213 (+4.4%), from €27,378 to €28,590
of which Other amounts receivable: +€1,531
- Reserves -€27,264
down €27,264 (-91.8%), from €29,702 to €2,438
- Other debts +€25,336
up €25,336 (+6,125%), from €414 to €25,749
- Tax, wage and social debts +€6,128
up €6,128 (+50.9%), from €12,046 to €18,174
of which Taxes: +€6,128
- Current portion of long-term debt +€5,047
new in 2025: €5,047
- Trade debts -€1,077
down €1,077 (-79.3%), from €1,358 to €281
- Gross operating margin +€51,121
up €51,121 (+440%), from €11,608 to €62,729
- Taxes -€1,810
down €1,810 (-17.8%), from €10,182 to €8,371
- Other operating charges +€784
up €784 (+541%), from €145 to €929
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 | €44,520 | €52,689 | +€8,170 | +18.4% |
| Current assets | 29/58 | €44,520 | €52,689 | +€8,170 | +18.4% |
| Amounts receivable within one year | 40/41 | €27,378 | €28,590 | +€1,213 | +4.4% |
| Trade receivables | 40 | €26,454 | €26,136 | -€318 | -1.2% |
| Other amounts receivable | 41 | €923 | €2,454 | +€1,531 | +166% |
| Cash at bank and in hand | 54/58 | €17,142 | €24,099 | +€6,957 | +40.6% |
| Total equity and liabilities | 10/49 | €44,520 | €52,689 | +€8,170 | +18.4% |
| Equity | 10/15 | €30,702 | €3,438 | -€27,264 | -88.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €29,702 | €2,438 | -€27,264 | -91.8% |
| Distributable reserves | 133 | €29,702 | €2,438 | -€27,264 | -91.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €13,818 | €49,252 | +€35,434 | +256% |
| Amounts payable within one year | 42/48 | €13,818 | €49,252 | +€35,434 | +256% |
| Current portion of amounts payable after more than one year | 42 | - | €5,047 | +€5,047 | |
| Trade debts | 44 | €1,358 | €281 | -€1,077 | -79.3% |
| Suppliers | 440/4 | €1,358 | €281 | -€1,077 | -79.3% |
| Taxes, remuneration and social security | 45 | €12,046 | €18,174 | +€6,128 | +50.9% |
| Taxes | 450/3 | €9,996 | €16,124 | +€6,128 | +61.3% |
| Remuneration and social security | 454/9 | €2,050 | €2,050 | = | 0.0% |
| Other amounts payable | 47/48 | €414 | €25,749 | +€25,336 | +6,125% |
| Remuneration, social security and pensions | 62 | €206 | €0 | -€206 | -100% |
| Other operating charges | 640/8 | €145 | €929 | +€784 | +541% |
| Non-recurring operating charges | 66A | - | €5,150 | +€5,150 | |
| Gross operating margin | 9900 | €11,608 | €62,729 | +€51,121 | +440% |
| Operating profit (loss) | 9901 | €11,257 | €56,650 | +€45,394 | +403% |
| Financial income | 75/76B | €0 | €3 | +€3 | +31,500% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +31,500% |
| Financial charges | 65/66B | €192 | €546 | +€354 | +185% |
| Recurring financial charges | 65 | €192 | €546 | +€354 | +185% |
| Profit (loss) for the period before taxes | 9903 | €11,065 | €56,107 | +€45,042 | +407% |
| Income taxes | 67/77 | €10,182 | €8,371 | -€1,810 | -17.8% |
| Profit (loss) for the period | 9904 | €883 | €47,736 | +€46,853 | +5,306% |
| Profit (loss) for the period to be appropriated | 9905 | €883 | €47,736 | +€46,853 | +5,306% |
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 16 October 2026 via checked.be.