P. Janssen: 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.
P. Janssen
Largest movements
- Tangible fixed assets +€43,988
up €43,988 (+1,379%), from €3,189 to €47,178
of which Furniture and vehicles: +€29,162
- Cash +€9,270
up €9,270 (+54.4%), from €17,056 to €26,327
mainly Debts after one year (+€24,637) and Other debts (+€17,209)
- Receivables within one year +€3,435
up €3,435 (+7.5%), from €45,589 to €49,024
of which Trade receivables: +€4,935
- Stocks and contracts +€3,123
up €3,123 (+84.4%), from €3,700 to €6,822
- Debts after one year +€24,637
new in 2025: €24,637
- Profit (loss) carried forward -€17,563
down €17,563 (-36.8%), from €47,678 to €30,115
- Other debts +€17,209
new in 2025: €17,209
- Trade debts +€17,172
up €17,172 (+154%), from €11,138 to €28,310
- Contributions +€12,400
up €12,400 (+200%), from €6,200 to €18,600
- Gross operating margin +€2,672
up €2,672 (+15.2%), from €17,615 to €20,287
- Write-downs -€623
down €623 (-100%), from €623 to €0
- Taxes +€566
up €566 (+17.0%), from €3,332 to €3,898
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 | €69,724 | €129,417 | +€59,693 | +85.6% |
| Fixed assets | 21/28 | €3,189 | €47,178 | +€43,988 | +1,379% |
| Tangible fixed assets | 22/27 | €3,189 | €47,178 | +€43,988 | +1,379% |
| Plant, machinery and equipment | 23 | €777 | €408 | -€369 | -47.5% |
| Furniture and vehicles | 24 | €2,413 | €31,575 | +€29,162 | +1,209% |
| Other tangible fixed assets | 26 | - | €15,195 | +€15,195 | |
| Current assets | 29/58 | €66,535 | €82,239 | +€15,704 | +23.6% |
| Stocks and contracts in progress | 3 | €3,700 | €6,822 | +€3,123 | +84.4% |
| Stocks | 30/36 | €3,700 | €6,822 | +€3,123 | +84.4% |
| Amounts receivable within one year | 40/41 | €45,589 | €49,024 | +€3,435 | +7.5% |
| Trade receivables | 40 | €31,884 | €36,819 | +€4,935 | +15.5% |
| Other amounts receivable | 41 | €13,705 | €12,205 | -€1,500 | -10.9% |
| Cash at bank and in hand | 54/58 | €17,056 | €26,327 | +€9,270 | +54.4% |
| Deferred charges and accrued income | 490/1 | €190 | €66 | -€124 | -65.2% |
| Total equity and liabilities | 10/49 | €69,724 | €129,417 | +€59,693 | +85.6% |
| Equity | 10/15 | €53,878 | €48,715 | -€5,163 | -9.6% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200% |
| Profit (loss) carried forward | 14 | €47,678 | €30,115 | -€17,563 | -36.8% |
| Amounts payable | 17/49 | €15,846 | €80,702 | +€64,856 | +409% |
| Amounts payable after more than one year | 17 | - | €24,637 | +€24,637 | |
| Financial debts | 170/4 | - | €24,637 | +€24,637 | |
| Amounts payable within one year | 42/48 | €15,846 | €56,064 | +€40,219 | +254% |
| Current portion of amounts payable after more than one year | 42 | €0 | €5,648 | +€5,648 | |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €11,138 | €28,310 | +€17,172 | +154% |
| Suppliers | 440/4 | €11,138 | €28,310 | +€17,172 | +154% |
| Taxes, remuneration and social security | 45 | €4,708 | €4,898 | +€190 | +4.0% |
| Taxes | 450/3 | €4,708 | €4,898 | +€190 | +4.0% |
| Other amounts payable | 47/48 | - | €17,209 | +€17,209 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,185 | €2,091 | -€94 | -4.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €623 | €0 | -€623 | -100% |
| Other operating charges | 640/8 | €1,214 | €1,088 | -€126 | -10.4% |
| Non-recurring operating charges | 66A | - | €603 | +€603 | |
| Gross operating margin | 9900 | €17,615 | €20,287 | +€2,672 | +15.2% |
| Operating profit (loss) | 9901 | €13,593 | €16,506 | +€2,913 | +21.4% |
| Financial income | 75/76B | €206 | €16 | -€189 | -92.0% |
| Recurring financial income | 75 | €206 | €16 | -€189 | -92.0% |
| Financial charges | 65/66B | €122 | €187 | +€65 | +53.7% |
| Recurring financial charges | 65 | €122 | €187 | +€65 | +53.7% |
| Profit (loss) for the period before taxes | 9903 | €13,677 | €16,335 | +€2,658 | +19.4% |
| Income taxes | 67/77 | €3,332 | €3,898 | +€566 | +17.0% |
| Profit (loss) for the period | 9904 | €10,345 | €12,437 | +€2,092 | +20.2% |
| Profit (loss) for the period to be appropriated | 9905 | €10,345 | €12,437 | +€2,092 | +20.2% |
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 22 October 2026 via checked.be.