J.P.D.W.: what changed
What changed
J.P.D.W.
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€46,718
2025 · -€36,446+€83,164
Equity
€401,319
2025 · €354,601+€46,718
Cash
€16,327
2025 · €21,661-€5,334
Balance sheet total
€2.2m
2025 · €1.9m+€287,883
Largest movements
Assets
- Tangible fixed assets +€255,652
up €255,652 (+13.4%), from €1.9m to €2.2m
of which Land and buildings: +€260,654
- Receivables within one year +€34,538
up €34,538 (+351%), from €9,832 to €44,370
of which Trade receivables: +€27,340
Equity and liabilities
- Debts after one year +€212,410
up €212,410 (+21.7%), from €977,501 to €1.2m
- Current portion of long-term debt +€70,362
up €70,362 (+109%), from €64,563 to €134,925
- Profit (loss) carried forward +€46,718
up €46,718 (+72.2%), from -€64,751 to -€18,033
- Trade debts -€27,059
down €27,059 (-82.9%), from €32,638 to €5,579
Income statement
- Gross operating margin +€89,467
up €89,467 (+126%), from €70,785 to €160,252
- Depreciation +€44,428
up €44,428 (+142%), from €31,245 to €75,674
- Other operating charges -€41,709
down €41,709 (-90.7%), from €45,962 to €4,253
- Financial charges +€9,580
up €9,580 (+44.0%), from €21,795 to €31,375
- Taxes +€2,378
up €2,378, from €0 to €2,378
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
-€36,446
Gross operating margin
+€89,467
Depreciation
-€44,428
Other operating charges
+€41,709
Other operating items
+€10,134
Financial income
-€1,759
Financial charges
-€9,580
Taxes
-€2,378
Result 2026
€46,718
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€43,219
Investment
-€331,325
Financing
+€282,773
Cash 2025
€21,661
From operations (derived)
+€43,219
Net result for the year
+€46,718
Depreciation
+€75,674
Receivables within one year
-€34,538
Deferred charges and accrued income
-€3,027
Trade debts
-€27,059
Tax, wage and social debts
-€3,000
Other debts
-€8,177
Accrued charges and deferred income
-€3,372
Investment (derived)
-€331,325
Investment in fixed assets (net)
-€331,325
Financing
+€282,773
Debts after one year
+€212,410
Current portion of long-term debt
+€70,362
Cash 2026
€16,327
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,943,722 | €2,231,604 | +€287,883 | +14.8% |
| Fixed assets | 21/28 | €1,908,743 | €2,164,394 | +€255,652 | +13.4% |
| Tangible fixed assets | 22/27 | €1,908,743 | €2,164,394 | +€255,652 | +13.4% |
| Land and buildings | 22 | €1,894,917 | €2,155,571 | +€260,654 | +13.8% |
| Plant, machinery and equipment | 23 | €263 | €92 | -€171 | -65.1% |
| Furniture and vehicles | 24 | €13,563 | €8,731 | -€4,831 | -35.6% |
| Current assets | 29/58 | €34,979 | €67,210 | +€32,231 | +92.1% |
| Amounts receivable after more than one year | 29 | €124 | €124 | = | 0.0% |
| Other amounts receivable | 291 | €124 | €124 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €9,832 | €44,370 | +€34,538 | +351% |
| Trade receivables | 40 | €0 | €27,340 | +€27,340 | |
| Other amounts receivable | 41 | €9,832 | €17,030 | +€7,198 | +73.2% |
| Cash at bank and in hand | 54/58 | €21,661 | €16,327 | -€5,334 | -24.6% |
| Deferred charges and accrued income | 490/1 | €3,362 | €6,389 | +€3,027 | +90.0% |
| Total equity and liabilities | 10/49 | €1,943,722 | €2,231,604 | +€287,883 | +14.8% |
| Equity | 10/15 | €354,601 | €401,319 | +€46,718 | +13.2% |
| Contributions | 10/11 | €118,600 | €118,600 | = | 0.0% |
| Reserves | 13 | €300,752 | €300,752 | = | 0.0% |
| Distributable reserves | 133 | €300,752 | €300,752 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€64,751 | -€18,033 | +€46,718 | +72.2% |
| Amounts payable | 17/49 | €1,589,120 | €1,830,285 | +€241,165 | +15.2% |
| Amounts payable after more than one year | 17 | €977,501 | €1,189,912 | +€212,410 | +21.7% |
| Financial debts | 170/4 | €977,501 | €1,189,912 | +€212,410 | +21.7% |
| Amounts payable within one year | 42/48 | €607,453 | €639,578 | +€32,126 | +5.3% |
| Current portion of amounts payable after more than one year | 42 | €64,563 | €134,925 | +€70,362 | +109% |
| Trade debts | 44 | €32,638 | €5,579 | -€27,059 | -82.9% |
| Suppliers | 440/4 | €32,638 | €5,579 | -€27,059 | -82.9% |
| Taxes, remuneration and social security | 45 | €5,000 | €2,000 | -€3,000 | -60.0% |
| Taxes | 450/3 | €3,000 | €0 | -€3,000 | -100% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €505,252 | €497,074 | -€8,177 | -1.6% |
| Accrued charges and deferred income | 492/3 | €4,167 | €795 | -€3,372 | -80.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,245 | €75,674 | +€44,428 | +142% |
| Other operating charges | 640/8 | €45,962 | €4,253 | -€41,709 | -90.7% |
| Non-recurring operating charges | 66A | €10,134 | €0 | -€10,134 | -100% |
| Gross operating margin | 9900 | €70,785 | €160,252 | +€89,467 | +126% |
| Operating profit (loss) | 9901 | -€16,557 | €80,325 | +€96,881 | |
| Financial income | 75/76B | €1,906 | €147 | -€1,759 | -92.3% |
| Recurring financial income | 75 | €1,906 | €147 | -€1,759 | -92.3% |
| Financial charges | 65/66B | €21,795 | €31,375 | +€9,580 | +44.0% |
| Recurring financial charges | 65 | €21,795 | €31,375 | +€9,580 | +44.0% |
| Profit (loss) for the period before taxes | 9903 | -€36,446 | €49,096 | +€85,542 | |
| Income taxes | 67/77 | €0 | €2,378 | +€2,378 | |
| Profit (loss) for the period | 9904 | -€36,446 | €46,718 | +€83,164 | |
| Profit (loss) for the period to be appropriated | 9905 | -€36,446 | €46,718 | +€83,164 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.