ST. JAN: 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.
ST. JAN
Largest movements
- Cash -€63,651
down €63,651 (-64.4%), from €98,763 to €35,113
mainly Other debts (-€105,864) and Deferred charges and accrued income (-€2,801)
- Tangible fixed assets -€16,863
down €16,863 (-20.3%), from €82,957 to €66,094
- Receivables within one year -€3,563
down €3,563 (-5.6%), from €63,339 to €59,776
of which Trade receivables: -€2,891
- Deferred charges and accrued income +€2,801
up €2,801 (+33.2%), from €8,435 to €11,236
- Other debts -€105,864
no longer reported in 2025 (was €105,864)
- Profit (loss) carried forward +€23,220
up €23,220 (+62.3%), from -€37,250 to -€14,030
- Depreciation -€7,539
down €7,539 (-30.9%), from €24,402 to €16,863
- Taxes +€7,366
new in 2025: €7,366
- Gross operating margin +€4,921
up €4,921 (+10.5%), from €46,873 to €51,794
- Financial income -€2,275
down €2,275 (-45.3%), from €5,025 to €2,750
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 | €253,494 | €172,219 | -€81,276 | -32.1% |
| Fixed assets | 21/28 | €82,957 | €66,094 | -€16,863 | -20.3% |
| Tangible fixed assets | 22/27 | €82,957 | €66,094 | -€16,863 | -20.3% |
| Land and buildings | 22 | €82,957 | €66,094 | -€16,863 | -20.3% |
| Current assets | 29/58 | €170,537 | €106,124 | -€64,413 | -37.8% |
| Amounts receivable within one year | 40/41 | €63,339 | €59,776 | -€3,563 | -5.6% |
| Trade receivables | 40 | €12,668 | €9,776 | -€2,891 | -22.8% |
| Other amounts receivable | 41 | €50,672 | €50,000 | -€672 | -1.3% |
| Cash at bank and in hand | 54/58 | €98,763 | €35,113 | -€63,651 | -64.4% |
| Deferred charges and accrued income | 490/1 | €8,435 | €11,236 | +€2,801 | +33.2% |
| Total equity and liabilities | 10/49 | €253,494 | €172,219 | -€81,276 | -32.1% |
| Equity | 10/15 | €147,262 | €170,482 | +€23,220 | +15.8% |
| Contributions | 10/11 | €118,416 | €118,416 | = | 0.0% |
| Capital | 10 | €118,416 | €118,416 | = | 0.0% |
| Issued capital | 100 | €118,416 | €118,416 | = | 0.0% |
| Revaluation surpluses | 12 | €1,660 | - | -€1,660 | |
| Reserves | 13 | €64,436 | €66,096 | +€1,660 | +2.6% |
| Distributable reserves | 133 | €64,436 | €66,096 | +€1,660 | +2.6% |
| Profit (loss) carried forward | 14 | -€37,250 | -€14,030 | +€23,220 | +62.3% |
| Amounts payable | 17/49 | €106,232 | €1,736 | -€104,496 | -98.4% |
| Amounts payable within one year | 42/48 | €106,232 | €1,736 | -€104,496 | -98.4% |
| Trade debts | 44 | €368 | €370 | +€2 | +0.5% |
| Suppliers | 440/4 | €368 | €370 | +€2 | +0.5% |
| Taxes, remuneration and social security | 45 | - | €1,366 | +€1,366 | |
| Taxes | 450/3 | - | €1,366 | +€1,366 | |
| Other amounts payable | 47/48 | €105,864 | - | -€105,864 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,402 | €16,863 | -€7,539 | -30.9% |
| Other operating charges | 640/8 | €6,673 | €6,890 | +€217 | +3.3% |
| Gross operating margin | 9900 | €46,873 | €51,794 | +€4,921 | +10.5% |
| Operating profit (loss) | 9901 | €15,798 | €28,041 | +€12,243 | +77.5% |
| Financial income | 75/76B | €5,025 | €2,750 | -€2,275 | -45.3% |
| Recurring financial income | 75 | €5,025 | €2,750 | -€2,275 | -45.3% |
| Financial charges | 65/66B | €518 | €205 | -€314 | -60.5% |
| Recurring financial charges | 65 | €518 | €205 | -€314 | -60.5% |
| Profit (loss) for the period before taxes | 9903 | €20,305 | €30,586 | +€10,281 | +50.6% |
| Income taxes | 67/77 | - | €7,366 | +€7,366 | |
| Profit (loss) for the period | 9904 | €20,305 | €23,220 | +€2,915 | +14.4% |
| Profit (loss) for the period to be appropriated | 9905 | €20,305 | €23,220 | +€2,915 | +14.4% |
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 18 October 2026 via checked.be.