J. & P.: what changed
Two fiscal 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.
J. & P.
Largest movements
- Cash +€249,080
up €249,080 (+1301.2%), from €19,142 to €268,221
mainly Other debts (+€340,537) and Net result for the year (+€167,699)
- Receivables within one year +€191,323
up €191,323 (+1222.6%), from €15,648 to €206,971
of which Other amounts receivable: +€206,866
- Financial fixed assets -€98,470
down €98,470 (-5.0%), from €2.0m to €1.9m
- Other debts +€340,537
up €340,537 (+200.4%), from €169,889 to €510,426
- Reserves +€97,699
up €97,699 (+8.8%), from €1.1m to €1.2m
of which Distributable reserves: +€97,699
- Tax, wage and social debts -€60,262
down €60,262 (-33.2%), from €181,729 to €121,467
of which Taxes: -€61,792
- Accrued charges and deferred income -€31,657
down €31,657 (-61.8%), from €51,219 to €19,562
- Gross operating margin -€307,198
down €307,198 (-57.0%), from €538,997 to €231,799
- Financial income -€121,354
down €121,354 (-78.7%), from €154,213 to €32,859
- Taxes -€110,943
down €110,943 (-62.6%), from €177,099 to €66,156
- Financial charges -€17,210
down €17,210 (-43.9%), from €39,187 to €21,976
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.
Cash bridge derived
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 | €2,013,247 | €2,344,811 | +€331,564 | +16.5% |
| Fixed assets | 21/28 | €1,967,487 | €1,861,280 | -€106,207 | -5.4% |
| Intangible fixed assets | 21 | €7,737 | €0 | -€7,737 | -100.0% |
| Financial fixed assets | 28 | €1,959,750 | €1,861,280 | -€98,470 | -5.0% |
| Current assets | 29/58 | €45,760 | €483,531 | +€437,770 | +956.7% |
| Amounts receivable within one year | 40/41 | €15,648 | €206,971 | +€191,323 | +1222.6% |
| Trade receivables | 40 | €15,544 | €0 | -€15,544 | -100.0% |
| Other amounts receivable | 41 | €105 | €206,971 | +€206,866 | +197920.2% |
| Cash at bank and in hand | 54/58 | €19,142 | €268,221 | +€249,080 | +1301.2% |
| Deferred charges and accrued income | 490/1 | €10,970 | €8,339 | -€2,632 | -24.0% |
| Total equity and liabilities | 10/49 | €2,013,247 | €2,344,811 | +€331,564 | +16.5% |
| Equity | 10/15 | €1,294,096 | €1,391,796 | +€97,699 | +7.5% |
| Contributions | 10/11 | €177,658 | €177,658 | = | 0.0% |
| Capital | 10 | €177,658 | €177,658 | = | 0.0% |
| Issued capital | 100 | €177,658 | €177,658 | = | 0.0% |
| Reserves | 13 | €1,116,438 | €1,214,137 | +€97,699 | +8.8% |
| Non-distributable reserves | 130/1 | €18,593 | €18,593 | = | 0.0% |
| Legal reserve | 130 | €18,593 | €18,593 | = | 0.0% |
| Distributable reserves | 133 | €1,097,846 | €1,195,545 | +€97,699 | +8.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €719,151 | €953,015 | +€233,864 | +32.5% |
| Amounts payable after more than one year | 17 | €315,320 | €301,383 | -€13,937 | -4.4% |
| Financial debts | 170/4 | €315,320 | €301,383 | -€13,937 | -4.4% |
| Amounts payable within one year | 42/48 | €352,612 | €632,070 | +€279,458 | +79.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €994 | €177 | -€818 | -82.2% |
| Suppliers | 440/4 | €994 | €177 | -€818 | -82.2% |
| Taxes, remuneration and social security | 45 | €181,729 | €121,467 | -€60,262 | -33.2% |
| Taxes | 450/3 | €177,445 | €115,653 | -€61,792 | -34.8% |
| Remuneration and social security | 454/9 | €4,284 | €5,814 | +€1,530 | +35.7% |
| Other amounts payable | 47/48 | €169,889 | €510,426 | +€340,537 | +200.4% |
| Accrued charges and deferred income | 492/3 | €51,219 | €19,562 | -€31,657 | -61.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,737 | €7,737 | +€0 | 0.0% |
| Other operating charges | 640/8 | €1,111 | €1,089 | -€22 | -2.0% |
| Gross operating margin | 9900 | €538,997 | €231,799 | -€307,198 | -57.0% |
| Operating profit (loss) | 9901 | €530,148 | €222,972 | -€307,176 | -57.9% |
| Financial income | 75/76B | €154,213 | €32,859 | -€121,354 | -78.7% |
| Recurring financial income | 75 | €154,213 | €32,859 | -€121,354 | -78.7% |
| Financial charges | 65/66B | €39,187 | €21,976 | -€17,210 | -43.9% |
| Recurring financial charges | 65 | €39,187 | €21,976 | -€17,210 | -43.9% |
| Profit (loss) for the period before taxes | 9903 | €645,175 | €233,855 | -€411,319 | -63.8% |
| Income taxes | 67/77 | €177,099 | €66,156 | -€110,943 | -62.6% |
| Profit (loss) for the period | 9904 | €468,076 | €167,699 | -€300,376 | -64.2% |
| Profit (loss) for the period to be appropriated | 9905 | €468,076 | €167,699 | -€300,376 | -64.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.