JANA: 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.
JANA
Largest movements
- Tangible fixed assets +€587,628
up €587,628 (+61.5%), from €954,991 to €1.5m
of which Land and buildings: +€598,743
- Cash -€18,354
down €18,354 (-67.0%), from €27,400 to €9,047
mainly Investment in fixed assets (net) (-€686,189) and Receivables within one year (-€14,949)
- Debts after one year +€394,878
up €394,878 (+141%), from €281,031 to €675,909
of which Advances received on contracts in progress: +€406,296
- Other debts +€133,187
up €133,187 (+64.1%), from €207,902 to €341,089
- Current portion of long-term debt +€24,501
up €24,501 (+108%), from €22,782 to €47,283
- Trade debts +€20,888
up €20,888 (+549%), from €3,807 to €24,695
- Depreciation +€42,740
up €42,740 (+76.6%), from €55,821 to €98,561
- Gross operating margin +€12,823
up €12,823 (+10.8%), from €118,644 to €131,467
- Taxes -€9,905
down €9,905 (-74.9%), from €13,233 to €3,328
- Financial charges +€4,985
up €4,985 (+67.0%), from €7,436 to €12,421
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 | €1,067,309 | €1,652,158 | +€584,849 | +54.8% |
| Fixed assets | 21/28 | €955,066 | €1,542,694 | +€587,628 | +61.5% |
| Tangible fixed assets | 22/27 | €954,991 | €1,542,619 | +€587,628 | +61.5% |
| Land and buildings | 22 | €941,242 | €1,539,985 | +€598,743 | +63.6% |
| Plant, machinery and equipment | 23 | €2,066 | €1,610 | -€456 | -22.1% |
| Furniture and vehicles | 24 | €11,684 | €1,024 | -€10,660 | -91.2% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €112,243 | €109,465 | -€2,779 | -2.5% |
| Amounts receivable within one year | 40/41 | €82,149 | €97,098 | +€14,949 | +18.2% |
| Trade receivables | 40 | €12,100 | €13,794 | +€1,694 | +14.0% |
| Other amounts receivable | 41 | €70,049 | €83,304 | +€13,255 | +18.9% |
| Cash at bank and in hand | 54/58 | €27,400 | €9,047 | -€18,354 | -67.0% |
| Deferred charges and accrued income | 490/1 | €2,694 | €3,320 | +€626 | +23.3% |
| Total equity and liabilities | 10/49 | €1,067,309 | €1,652,158 | +€584,849 | +54.8% |
| Equity | 10/15 | €537,978 | €550,557 | +€12,579 | +2.3% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €510,478 | €523,057 | +€12,579 | +2.5% |
| Amounts payable | 17/49 | €529,331 | €1,101,601 | +€572,270 | +108% |
| Amounts payable after more than one year | 17 | €281,031 | €675,909 | +€394,878 | +141% |
| Trade debts | 175 | €117,168 | €105,749 | -€11,419 | -9.7% |
| Advances received on contracts in progress | 176 | €163,864 | €570,160 | +€406,296 | +248% |
| Amounts payable within one year | 42/48 | €248,299 | €425,692 | +€177,393 | +71.4% |
| Current portion of amounts payable after more than one year | 42 | €22,782 | €47,283 | +€24,501 | +108% |
| Trade debts | 44 | €3,807 | €24,695 | +€20,888 | +549% |
| Suppliers | 440/4 | €3,807 | €24,695 | +€20,888 | +549% |
| Taxes, remuneration and social security | 45 | €13,808 | €12,625 | -€1,183 | -8.6% |
| Taxes | 450/3 | €13,808 | €12,625 | -€1,183 | -8.6% |
| Other amounts payable | 47/48 | €207,902 | €341,089 | +€133,187 | +64.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,821 | €98,561 | +€42,740 | +76.6% |
| Other operating charges | 640/8 | €5,952 | €5,360 | -€593 | -10.0% |
| Gross operating margin | 9900 | €118,644 | €131,467 | +€12,823 | +10.8% |
| Operating profit (loss) | 9901 | €56,870 | €27,546 | -€29,325 | -51.6% |
| Financial income | 75/76B | €357 | €781 | +€425 | +119% |
| Recurring financial income | 75 | €357 | €781 | +€425 | +119% |
| Financial charges | 65/66B | €7,436 | €12,421 | +€4,985 | +67.0% |
| Recurring financial charges | 65 | €7,436 | €12,421 | +€4,985 | +67.0% |
| Profit (loss) for the period before taxes | 9903 | €49,791 | €15,906 | -€33,885 | -68.1% |
| Income taxes | 67/77 | €13,233 | €3,328 | -€9,905 | -74.9% |
| Profit (loss) for the period | 9904 | €36,558 | €12,579 | -€23,980 | -65.6% |
| Profit (loss) for the period to be appropriated | 9905 | €36,558 | €12,579 | -€23,980 | -65.6% |
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 19 October 2026 via checked.be.