J.P.C.R.: 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.
J.P.C.R.
Largest movements
- Cash +€31,710
up €31,710 (+39.0%), from €81,316 to €113,025
mainly Receivables within one year (+€13,075) and Net result for the year (+€10,575)
- Receivables within one year -€13,075
down €13,075 (-12.0%), from €109,061 to €95,986
of which Trade receivables: -€30,674
- Tangible fixed assets -€10,186
down €10,186 (-25.0%), from €40,735 to €30,549
of which Plant, machinery and equipment: -€6,953
- Profit (loss) carried forward +€10,575
up €10,575, from -€7,591 to €2,984
- Trade debts -€3,284
down €3,284 (-26.6%), from €12,348 to €9,063
- Gross operating margin +€20,854
up €20,854 (+1,473%), from €1,416 to €22,269
- Depreciation +€5,816
up €5,816 (+133%), from €4,370 to €10,186
- Staff costs -€2,552
down €2,552 (-100%), from €2,552 to €0
- Other operating charges -€1,299
down €1,299 (-65.2%), from €1,992 to €693
- Taxes +€1,016
up €1,016 (+38.0%), from €2,673 to €3,688
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 | €242,081 | €249,273 | +€7,192 | +3.0% |
| Fixed assets | 21/28 | €49,834 | €39,647 | -€10,186 | -20.4% |
| Tangible fixed assets | 22/27 | €40,735 | €30,549 | -€10,186 | -25.0% |
| Plant, machinery and equipment | 23 | €27,182 | €20,229 | -€6,953 | -25.6% |
| Furniture and vehicles | 24 | €7,232 | €3,999 | -€3,233 | -44.7% |
| Other tangible fixed assets | 26 | €6,321 | €6,321 | = | 0.0% |
| Financial fixed assets | 28 | €9,099 | €9,099 | = | 0.0% |
| Current assets | 29/58 | €192,247 | €209,625 | +€17,378 | +9.0% |
| Amounts receivable within one year | 40/41 | €109,061 | €95,986 | -€13,075 | -12.0% |
| Trade receivables | 40 | €60,198 | €29,524 | -€30,674 | -51.0% |
| Other amounts receivable | 41 | €48,864 | €66,462 | +€17,599 | +36.0% |
| Cash at bank and in hand | 54/58 | €81,316 | €113,025 | +€31,710 | +39.0% |
| Deferred charges and accrued income | 490/1 | €1,870 | €614 | -€1,256 | -67.2% |
| Total equity and liabilities | 10/49 | €242,081 | €249,273 | +€7,192 | +3.0% |
| Equity | 10/15 | €216,010 | €226,584 | +€10,575 | +4.9% |
| Contributions | 10/11 | €119,787 | €119,787 | = | 0.0% |
| Capital | 10 | €119,787 | €119,787 | = | 0.0% |
| Issued capital | 100 | €119,787 | €119,787 | = | 0.0% |
| Reserves | 13 | €103,813 | €103,813 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,979 | €11,979 | = | 0.0% |
| Legal reserve | 130 | €11,979 | €11,979 | = | 0.0% |
| Distributable reserves | 133 | €91,834 | €91,834 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,591 | €2,984 | +€10,575 | |
| Amounts payable | 17/49 | €26,071 | €22,688 | -€3,383 | -13.0% |
| Amounts payable within one year | 42/48 | €26,071 | €22,688 | -€3,383 | -13.0% |
| Trade debts | 44 | €12,348 | €9,063 | -€3,284 | -26.6% |
| Suppliers | 440/4 | €12,348 | €9,063 | -€3,284 | -26.6% |
| Taxes, remuneration and social security | 45 | €13,724 | €13,625 | -€99 | -0.7% |
| Taxes | 450/3 | €13,724 | €13,625 | -€99 | -0.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €2,552 | €0 | -€2,552 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,370 | €10,186 | +€5,816 | +133% |
| Other operating charges | 640/8 | €1,992 | €693 | -€1,299 | -65.2% |
| Gross operating margin | 9900 | €1,416 | €22,269 | +€20,854 | +1,473% |
| Operating profit (loss) | 9901 | -€7,499 | €11,390 | +€18,888 | |
| Financial income | 75/76B | €3,102 | €3,427 | +€325 | +10.5% |
| Recurring financial income | 75 | €3,102 | €3,427 | +€325 | +10.5% |
| Financial charges | 65/66B | €521 | €553 | +€32 | +6.2% |
| Recurring financial charges | 65 | €521 | €553 | +€32 | +6.2% |
| Profit (loss) for the period before taxes | 9903 | -€4,918 | €14,263 | +€19,181 | |
| Income taxes | 67/77 | €2,673 | €3,688 | +€1,016 | +38.0% |
| Profit (loss) for the period | 9904 | -€7,591 | €10,575 | +€18,165 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,591 | €10,575 | +€18,165 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.