PETER JANNES: 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.
PETER JANNES
Largest movements
- Receivables within one year +€156,168
up €156,168 (+81.8%), from €190,980 to €347,148
of which Trade receivables: +€130,015
- Cash -€70,406
down €70,406 (-93.9%), from €74,980 to €4,573
mainly Contributions, distributions and other (-€216,061) and Receivables within one year (-€156,168)
- Deferred charges and accrued income -€50,662
down €50,662 (-100%), from €50,662 to €0
- Tangible fixed assets -€19,831
down €19,831 (-34.8%), from €57,039 to €37,208
of which Furniture and vehicles: -€17,600
- Trade debts +€23,567
up €23,567 (+3,802%), from €620 to €24,187
- Debts after one year -€18,504
down €18,504 (-66.1%), from €27,995 to €9,491
- Short-term financial debts +€17,639
up €17,639 (+87.8%), from €20,087 to €37,726
- Tax, wage and social debts +€14,090
up €14,090 (+47.0%), from €29,975 to €44,065
- Other debts -€11,836
down €11,836 (-35.4%), from €33,423 to €21,587
- Financial income +€80,000
up €80,000 (+3,555,555%), from €2 to €80,002
- Taxes +€22,661
up €22,661 (+58.3%), from €38,845 to €61,507
- Gross operating margin -€10,119
down €10,119 (-4.5%), from €222,889 to €212,771
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 | €601,336 | €617,141 | +€15,805 | +2.6% |
| Fixed assets | 21/28 | €254,254 | €234,423 | -€19,831 | -7.8% |
| Tangible fixed assets | 22/27 | €57,039 | €37,208 | -€19,831 | -34.8% |
| Plant, machinery and equipment | 23 | €13,401 | €11,170 | -€2,231 | -16.6% |
| Furniture and vehicles | 24 | €43,638 | €26,038 | -€17,600 | -40.3% |
| Financial fixed assets | 28 | €197,215 | €197,215 | = | 0.0% |
| Current assets | 29/58 | €347,082 | €382,718 | +€35,636 | +10.3% |
| Amounts receivable within one year | 40/41 | €190,980 | €347,148 | +€156,168 | +81.8% |
| Trade receivables | 40 | €186,968 | €316,984 | +€130,015 | +69.5% |
| Other amounts receivable | 41 | €4,012 | €30,165 | +€26,153 | +652% |
| Current investments | 50/53 | €30,460 | €30,996 | +€536 | +1.8% |
| Cash at bank and in hand | 54/58 | €74,980 | €4,573 | -€70,406 | -93.9% |
| Deferred charges and accrued income | 490/1 | €50,662 | €0 | -€50,662 | -100% |
| Total equity and liabilities | 10/49 | €601,336 | €617,141 | +€15,805 | +2.6% |
| Equity | 10/15 | €456,352 | €446,582 | -€9,770 | -2.1% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €456,252 | €446,482 | -€9,770 | -2.1% |
| Tax-exempt reserves | 132 | €84,200 | €168,400 | +€84,200 | +100% |
| Distributable reserves | 133 | €372,052 | €278,082 | -€93,970 | -25.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €144,984 | €170,559 | +€25,575 | +17.6% |
| Amounts payable after more than one year | 17 | €27,995 | €9,491 | -€18,504 | -66.1% |
| Financial debts | 170/4 | €27,995 | €9,491 | -€18,504 | -66.1% |
| Amounts payable within one year | 42/48 | €101,989 | €146,068 | +€44,079 | +43.2% |
| Current portion of amounts payable after more than one year | 42 | €17,885 | €18,504 | +€619 | +3.5% |
| Financial debts | 43 | €20,087 | €37,726 | +€17,639 | +87.8% |
| Credit institutions | 430/8 | €20,087 | €37,726 | +€17,639 | +87.8% |
| Trade debts | 44 | €620 | €24,187 | +€23,567 | +3,802% |
| Suppliers | 440/4 | €620 | €24,187 | +€23,567 | +3,802% |
| Taxes, remuneration and social security | 45 | €29,975 | €44,065 | +€14,090 | +47.0% |
| Taxes | 450/3 | €29,975 | €44,065 | +€14,090 | +47.0% |
| Other amounts payable | 47/48 | €33,423 | €21,587 | -€11,836 | -35.4% |
| Accrued charges and deferred income | 492/3 | €15,000 | €15,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,831 | €19,831 | = | 0.0% |
| Other operating charges | 640/8 | €1,002 | €2,665 | +€1,663 | +166% |
| Gross operating margin | 9900 | €222,889 | €212,771 | -€10,119 | -4.5% |
| Operating profit (loss) | 9901 | €202,057 | €190,275 | -€11,782 | -5.8% |
| Financial income | 75/76B | €2 | €80,002 | +€80,000 | +3,555,555% |
| Recurring financial income | 75 | €2 | €80,002 | +€80,000 | +3,555,555% |
| Financial charges | 65/66B | €2,458 | €2,479 | +€21 | +0.9% |
| Recurring financial charges | 65 | €2,458 | €2,479 | +€21 | +0.9% |
| Profit (loss) for the period before taxes | 9903 | €199,601 | €267,798 | +€68,197 | +34.2% |
| Income taxes | 67/77 | €38,845 | €61,507 | +€22,661 | +58.3% |
| Profit (loss) for the period | 9904 | €160,756 | €206,291 | +€45,535 | +28.3% |
| Transfer to tax-exempt reserves | 689 | €84,200 | €84,200 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €76,556 | €122,091 | +€45,535 | +59.5% |
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 20 October 2026 via checked.be.