PAUL JANSSENS: what changed
PAUL JANSSENS
Largest movements
- Receivables within one year +€37,662
up €37,662 (+43.4%), from €86,691 to €124,353
of which Other amounts receivable: +€23,812
- Current investments -€34,367
down €34,367 (-90.8%), from €37,866 to €3,499
- Cash +€7,565
up €7,565 (+66.5%), from €11,379 to €18,944
mainly Current investments (+€34,367) and Net result for the year (+€26,418)
- Financial fixed assets -€4,084
down €4,084 (-99.8%), from €4,094 to €10
- Deferred charges and accrued income -€2,624
down €2,624 (-30.9%), from €8,493 to €5,869
- Profit (loss) carried forward +€26,418
up €26,418 (+72.3%), from -€36,532 to -€10,114
- Tax, wage and social debts -€18,852
down €18,852 (-34.4%), from €54,754 to €35,901
of which Remuneration and social security: -€28,090
- Trade debts -€12,883
down €12,883 (-33.7%), from €38,222 to €25,340
- Other debts +€9,047
up €9,047, from €0 to €9,047
- Gross operating margin +€116,941
up €116,941 (+72.8%), from €160,670 to €277,612
- Staff costs -€36,794
down €36,794 (-12.9%), from €284,165 to €247,371
- Write-downs +€19,163
up €19,163, from -€19,163 to €0
- Other operating charges -€18,893
down €18,893 (-96.6%), from €19,550 to €658
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €148,945 | €152,674 | +€3,730 | +2.5% |
| Fixed assets | 21/28 | €4,516 | €10 | -€4,506 | -99.8% |
| Tangible fixed assets | 22/27 | €422 | €0 | -€422 | -100% |
| Furniture and vehicles | 24 | €422 | €0 | -€422 | -100% |
| Financial fixed assets | 28 | €4,094 | €10 | -€4,084 | -99.8% |
| Current assets | 29/58 | €144,429 | €152,664 | +€8,236 | +5.7% |
| Amounts receivable within one year | 40/41 | €86,691 | €124,353 | +€37,662 | +43.4% |
| Trade receivables | 40 | €51,703 | €65,553 | +€13,850 | +26.8% |
| Other amounts receivable | 41 | €34,988 | €58,800 | +€23,812 | +68.1% |
| Current investments | 50/53 | €37,866 | €3,499 | -€34,367 | -90.8% |
| Cash at bank and in hand | 54/58 | €11,379 | €18,944 | +€7,565 | +66.5% |
| Deferred charges and accrued income | 490/1 | €8,493 | €5,869 | -€2,624 | -30.9% |
| Total equity and liabilities | 10/49 | €148,945 | €152,674 | +€3,730 | +2.5% |
| Equity | 10/15 | €55,968 | €82,386 | +€26,418 | +47.2% |
| Contributions | 10/11 | €82,500 | €82,500 | = | 0.0% |
| Capital | 10 | €82,500 | €82,500 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Uncalled capital | 101 | €17,500 | €17,500 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,532 | -€10,114 | +€26,418 | +72.3% |
| Amounts payable | 17/49 | €92,976 | €70,288 | -€22,688 | -24.4% |
| Amounts payable within one year | 42/48 | €92,976 | €70,288 | -€22,688 | -24.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €38,222 | €25,340 | -€12,883 | -33.7% |
| Suppliers | 440/4 | €38,222 | €25,340 | -€12,883 | -33.7% |
| Taxes, remuneration and social security | 45 | €54,754 | €35,901 | -€18,852 | -34.4% |
| Taxes | 450/3 | €3,165 | €12,403 | +€9,238 | +292% |
| Remuneration and social security | 454/9 | €51,589 | €23,498 | -€28,090 | -54.5% |
| Other amounts payable | 47/48 | €0 | €9,047 | +€9,047 | |
| Remuneration, social security and pensions | 62 | €284,165 | €247,371 | -€36,794 | -12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €471 | €422 | -€49 | -10.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€19,163 | €0 | +€19,163 | |
| Other operating charges | 640/8 | €19,550 | €658 | -€18,893 | -96.6% |
| Non-recurring operating charges | 66A | - | €4,084 | +€4,084 | |
| Gross operating margin | 9900 | €160,670 | €277,612 | +€116,941 | +72.8% |
| Operating profit (loss) | 9901 | -€124,353 | €25,077 | +€149,430 | |
| Financial income | 75/76B | €1,206 | €2,978 | +€1,773 | +147% |
| Recurring financial income | 75 | €1,206 | €2,978 | +€1,773 | +147% |
| Financial charges | 65/66B | €1,185 | €1,638 | +€452 | +38.1% |
| Recurring financial charges | 65 | €1,185 | €1,638 | +€452 | +38.1% |
| Profit (loss) for the period before taxes | 9903 | -€124,332 | €26,418 | +€150,750 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€124,332 | €26,418 | +€150,750 | |
| Profit (loss) for the period to be appropriated | 9905 | -€124,332 | €26,418 | +€150,750 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.