PAJE-JANS: 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.
PAJE-JANS
Largest movements
- Tangible fixed assets -€79,126
down €79,126 (-100%), from €79,126 to €0
- Receivables within one year +€35,890
up €35,890 (+163%), from €22,065 to €57,955
of which Other amounts receivable: +€29,493
- Current investments -€11,984
no longer reported in 2025 (was €11,984)
- Intangible fixed assets -€2,000
down €2,000 (-33.3%), from €6,000 to €4,000
- Profit (loss) carried forward +€36,720
up €36,720 (+1,164%), from €3,154 to €39,874
- Debts after one year -€30,686
down €30,686 (-74.9%), from €40,977 to €10,290
- Other debts -€28,976
no longer reported in 2025 (was €28,976)
- Accrued charges and deferred income -€24,225
no longer reported in 2025 (was €24,225)
- Current portion of long-term debt -€13,884
no longer reported in 2025 (was €13,884)
- Gross operating margin -€87,797
down €87,797 (-53.9%), from €162,864 to €75,068
- Depreciation -€86,255
down €86,255 (-97.7%), from €88,255 to €2,000
- Financial charges -€3,868
down €3,868 (-64.0%), from €6,046 to €2,178
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 | €119,939 | €63,043 | -€56,896 | -47.4% |
| Fixed assets | 21/28 | €85,126 | €4,000 | -€81,126 | -95.3% |
| Intangible fixed assets | 21 | €6,000 | €4,000 | -€2,000 | -33.3% |
| Tangible fixed assets | 22/27 | €79,126 | €0 | -€79,126 | -100% |
| Plant, machinery and equipment | 23 | €24,813 | €0 | -€24,813 | -100% |
| Furniture and vehicles | 24 | €19,785 | €0 | -€19,785 | -100% |
| Leasing and similar rights | 25 | €34,528 | €0 | -€34,528 | -100% |
| Current assets | 29/58 | €34,814 | €59,043 | +€24,229 | +69.6% |
| Amounts receivable within one year | 40/41 | €22,065 | €57,955 | +€35,890 | +163% |
| Trade receivables | 40 | €4,408 | €10,805 | +€6,397 | +145% |
| Other amounts receivable | 41 | €17,657 | €47,150 | +€29,493 | +167% |
| Current investments | 50/53 | €11,984 | - | -€11,984 | |
| Cash at bank and in hand | 54/58 | - | €1,088 | +€1,088 | |
| Deferred charges and accrued income | 490/1 | €765 | - | -€765 | |
| Total equity and liabilities | 10/49 | €119,939 | €63,043 | -€56,896 | -47.4% |
| Equity | 10/15 | €11,214 | €47,934 | +€36,720 | +327% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,154 | €39,874 | +€36,720 | +1,164% |
| Amounts payable | 17/49 | €108,725 | €15,109 | -€93,617 | -86.1% |
| Amounts payable after more than one year | 17 | €40,977 | €10,290 | -€30,686 | -74.9% |
| Financial debts | 170/4 | €40,977 | €10,290 | -€30,686 | -74.9% |
| Amounts payable within one year | 42/48 | €43,523 | €4,818 | -€38,705 | -88.9% |
| Current portion of amounts payable after more than one year | 42 | €13,884 | - | -€13,884 | |
| Trade debts | 44 | €663 | €1,562 | +€899 | +136% |
| Suppliers | 440/4 | €663 | €1,562 | +€899 | +136% |
| Taxes, remuneration and social security | 45 | - | €3,256 | +€3,256 | |
| Taxes | 450/3 | - | €3,256 | +€3,256 | |
| Other amounts payable | 47/48 | €28,976 | - | -€28,976 | |
| Accrued charges and deferred income | 492/3 | €24,225 | - | -€24,225 | |
| Remuneration, social security and pensions | 62 | €319 | - | -€319 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,255 | €2,000 | -€86,255 | -97.7% |
| Other operating charges | 640/8 | €29,966 | €30,913 | +€947 | +3.2% |
| Gross operating margin | 9900 | €162,864 | €75,068 | -€87,797 | -53.9% |
| Operating profit (loss) | 9901 | €44,324 | €42,154 | -€2,170 | -4.9% |
| Financial income | 75/76B | €16 | €1 | -€15 | -93.8% |
| Recurring financial income | 75 | €16 | €1 | -€15 | -93.8% |
| Financial charges | 65/66B | €6,046 | €2,178 | -€3,868 | -64.0% |
| Recurring financial charges | 65 | €6,046 | €2,178 | -€3,868 | -64.0% |
| Profit (loss) for the period before taxes | 9903 | €38,293 | €39,977 | +€1,683 | +4.4% |
| Income taxes | 67/77 | €2,041 | €3,256 | +€1,216 | +59.6% |
| Profit (loss) for the period | 9904 | €36,253 | €36,720 | +€468 | +1.3% |
| Transfer from tax-exempt reserves | 789 | €19 | - | -€19 | |
| Profit (loss) for the period to be appropriated | 9905 | €36,271 | €36,720 | +€449 | +1.2% |
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.