J.P.D.: 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.D.
Largest movements
- Receivables within one year -€62,153
down €62,153 (-98.1%), from €63,356 to €1,202
of which Trade receivables: -€62,153
- Cash -€11,528
down €11,528 (-94.3%), from €12,230 to €703
mainly Other debts (-€35,213) and Net result for the year (-€20,731)
- Tangible fixed assets -€1,785
down €1,785 (-37.2%), from €4,796 to €3,011
of which Plant, machinery and equipment: -€1,212
- Other debts -€35,213
down €35,213 (-98.8%), from €35,640 to €427
- Trade debts -€19,559
down €19,559 (-90.3%), from €21,650 to €2,091
- Profit (loss) carried forward -€18,276
new in 2025: -€18,276
- Reserves -€2,455
down €2,455 (-26.0%), from €9,458 to €7,003
- Gross operating margin -€17,886
down €17,886, from €1,447 to -€16,439
- Other operating charges +€2,078
up €2,078 (+645%), from €322 to €2,400
- Taxes -€246
no longer reported in 2025 (was €246)
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 | €80,383 | €4,917 | -€75,466 | -93.9% |
| Fixed assets | 21/28 | €4,796 | €3,011 | -€1,785 | -37.2% |
| Tangible fixed assets | 22/27 | €4,796 | €3,011 | -€1,785 | -37.2% |
| Plant, machinery and equipment | 23 | €3,471 | €2,259 | -€1,212 | -34.9% |
| Furniture and vehicles | 24 | €1,325 | €752 | -€573 | -43.3% |
| Current assets | 29/58 | €75,586 | €1,905 | -€73,681 | -97.5% |
| Amounts receivable within one year | 40/41 | €63,356 | €1,202 | -€62,153 | -98.1% |
| Trade receivables | 40 | €63,348 | €1,194 | -€62,153 | -98.1% |
| Other amounts receivable | 41 | €8 | €8 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €12,230 | €703 | -€11,528 | -94.3% |
| Total equity and liabilities | 10/49 | €80,383 | €4,917 | -€75,466 | -93.9% |
| Equity | 10/15 | €22,458 | €1,727 | -€20,731 | -92.3% |
| Contributions | 10/11 | €13,000 | €13,000 | = | 0.0% |
| Reserves | 13 | €9,458 | €7,003 | -€2,455 | -26.0% |
| Distributable reserves | 133 | €9,458 | €7,003 | -€2,455 | -26.0% |
| Profit (loss) carried forward | 14 | - | -€18,276 | -€18,276 | |
| Amounts payable | 17/49 | €57,925 | €3,190 | -€54,735 | -94.5% |
| Amounts payable within one year | 42/48 | €57,925 | €3,190 | -€54,735 | -94.5% |
| Trade debts | 44 | €21,650 | €2,091 | -€19,559 | -90.3% |
| Suppliers | 440/4 | €21,650 | €2,091 | -€19,559 | -90.3% |
| Taxes, remuneration and social security | 45 | €635 | €672 | +€37 | +5.9% |
| Taxes | 450/3 | €635 | €672 | +€37 | +5.9% |
| Other amounts payable | 47/48 | €35,640 | €427 | -€35,213 | -98.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,785 | €1,785 | = | 0.0% |
| Other operating charges | 640/8 | €322 | €2,400 | +€2,078 | +645% |
| Gross operating margin | 9900 | €1,447 | -€16,439 | -€17,886 | |
| Operating profit (loss) | 9901 | -€660 | -€20,624 | -€19,964 | -3,025% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €95 | €108 | +€12 | +12.7% |
| Recurring financial charges | 65 | €95 | €108 | +€12 | +12.7% |
| Profit (loss) for the period before taxes | 9903 | -€755 | -€20,731 | -€19,976 | -2,645% |
| Income taxes | 67/77 | €246 | - | -€246 | |
| Profit (loss) for the period | 9904 | -€1,001 | -€20,731 | -€19,730 | -1,971% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,001 | -€20,731 | -€19,730 | -1,971% |
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 21 October 2026 via checked.be.