O. JAHN: 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.
O. JAHN
Largest movements
- Cash +€33,308
up €33,308 (+72.5%), from €45,931 to €79,238
mainly Net result for the year (+€20,592) and Other debts (+€8,559)
- Receivables within one year -€6,678
down €6,678 (-18.9%), from €35,341 to €28,663
of which Other amounts receivable: -€6,101
- Tangible fixed assets +€3,598
up €3,598 (+48.4%), from €7,429 to €11,027
of which Furniture and vehicles: +€4,046
- Profit (loss) carried forward +€20,592
up €20,592 (+29.9%), from €68,859 to €89,451
- Other debts +€8,559
up €8,559 (+67.2%), from €12,736 to €21,295
- Tax, wage and social debts +€1,639
up €1,639 (+34.4%), from €4,762 to €6,400
- Gross operating margin +€7,246
up €7,246 (+30.7%), from €23,568 to €30,814
- Taxes +€2,601
up €2,601 (+80.0%), from €3,250 to €5,850
- Financial charges -€327
down €327 (-18.1%), from €1,808 to €1,481
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 | €107,541 | €137,778 | +€30,237 | +28.1% |
| Fixed assets | 21/28 | €24,929 | €28,527 | +€3,598 | +14.4% |
| Tangible fixed assets | 22/27 | €7,429 | €11,027 | +€3,598 | +48.4% |
| Furniture and vehicles | 24 | €6,002 | €10,047 | +€4,046 | +67.4% |
| Other tangible fixed assets | 26 | €1,427 | €980 | -€447 | -31.3% |
| Financial fixed assets | 28 | €17,500 | €17,500 | = | 0.0% |
| Current assets | 29/58 | €82,612 | €109,251 | +€26,639 | +32.2% |
| Amounts receivable within one year | 40/41 | €35,341 | €28,663 | -€6,678 | -18.9% |
| Trade receivables | 40 | €577 | - | -€577 | |
| Other amounts receivable | 41 | €34,764 | €28,663 | -€6,101 | -17.5% |
| Cash at bank and in hand | 54/58 | €45,931 | €79,238 | +€33,308 | +72.5% |
| Deferred charges and accrued income | 490/1 | €1,341 | €1,350 | +€9 | +0.7% |
| Total equity and liabilities | 10/49 | €107,541 | €137,778 | +€30,237 | +28.1% |
| Equity | 10/15 | €89,264 | €109,856 | +€20,592 | +23.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,859 | €89,451 | +€20,592 | +29.9% |
| Amounts payable | 17/49 | €18,277 | €27,923 | +€9,645 | +52.8% |
| Amounts payable within one year | 42/48 | €18,277 | €27,923 | +€9,645 | +52.8% |
| Trade debts | 44 | €779 | €227 | -€552 | -70.9% |
| Suppliers | 440/4 | €779 | €227 | -€552 | -70.9% |
| Taxes, remuneration and social security | 45 | €4,762 | €6,400 | +€1,639 | +34.4% |
| Taxes | 450/3 | €4,762 | €6,400 | +€1,639 | +34.4% |
| Other amounts payable | 47/48 | €12,736 | €21,295 | +€8,559 | +67.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,068 | €2,241 | +€173 | +8.4% |
| Other operating charges | 640/8 | €683 | €651 | -€32 | -4.8% |
| Gross operating margin | 9900 | €23,568 | €30,814 | +€7,246 | +30.7% |
| Operating profit (loss) | 9901 | €20,817 | €27,923 | +€7,106 | +34.1% |
| Financial charges | 65/66B | €1,808 | €1,481 | -€327 | -18.1% |
| Recurring financial charges | 65 | €1,808 | €1,481 | -€327 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | €19,009 | €26,442 | +€7,433 | +39.1% |
| Income taxes | 67/77 | €3,250 | €5,850 | +€2,601 | +80.0% |
| Profit (loss) for the period | 9904 | €15,760 | €20,592 | +€4,832 | +30.7% |
| Profit (loss) for the period to be appropriated | 9905 | €15,760 | €20,592 | +€4,832 | +30.7% |
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 4 October 2026 via checked.be.