J.P.F.: what changed
J.P.F.
Largest movements
- Cash -€8,470
down €8,470 (-20.0%), from €42,352 to €33,883
mainly Net result for the year (-€4,769) and Investment in fixed assets (net) (-€2,850)
- Receivables within one year -€1,689
down €1,689 (-95.0%), from €1,777 to €88
- Tangible fixed assets +€1,154
up €1,154 (+4.9%), from €23,714 to €24,868
of which Plant, machinery and equipment: +€1,154
- Profit (loss) carried forward -€4,769
down €4,769 (-14.2%), from €33,670 to €28,901
- Trade debts -€2,809
no longer reported in 2025 (was €2,809)
- Other debts -€1,426
down €1,426 (-15.6%), from €9,171 to €7,745
- Gross operating margin -€13,530
down €13,530 (-97.3%), from €13,907 to €377
- Depreciation -€1,768
down €1,768 (-51.0%), from €3,465 to €1,696
- Financial charges +€293
up €293 (+53.5%), from €547 to €840
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €67,844 | €58,839 | -€9,005 | -13.3% |
| Fixed assets | 21/28 | €23,714 | €24,868 | +€1,154 | +4.9% |
| Tangible fixed assets | 22/27 | €23,714 | €24,868 | +€1,154 | +4.9% |
| Land and buildings | 22 | €12,395 | €12,395 | = | 0.0% |
| Plant, machinery and equipment | 23 | €11,320 | €12,473 | +€1,154 | +10.2% |
| Current assets | 29/58 | €44,129 | €33,971 | -€10,159 | -23.0% |
| Amounts receivable within one year | 40/41 | €1,777 | €88 | -€1,689 | -95.0% |
| Other amounts receivable | 41 | €1,777 | €88 | -€1,689 | -95.0% |
| Cash at bank and in hand | 54/58 | €42,352 | €33,883 | -€8,470 | -20.0% |
| Total equity and liabilities | 10/49 | €67,844 | €58,839 | -€9,005 | -13.3% |
| Equity | 10/15 | €52,262 | €47,493 | -€4,769 | -9.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,670 | €28,901 | -€4,769 | -14.2% |
| Amounts payable | 17/49 | €15,582 | €11,346 | -€4,236 | -27.2% |
| Amounts payable after more than one year | 17 | €3,601 | €3,601 | = | 0.0% |
| Other amounts payable | 178/9 | €3,601 | €3,601 | = | 0.0% |
| Amounts payable within one year | 42/48 | €11,981 | €7,745 | -€4,236 | -35.4% |
| Trade debts | 44 | €2,809 | - | -€2,809 | |
| Suppliers | 440/4 | €2,809 | - | -€2,809 | |
| Other amounts payable | 47/48 | €9,171 | €7,745 | -€1,426 | -15.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,465 | €1,696 | -€1,768 | -51.0% |
| Other operating charges | 640/8 | €2,531 | €2,610 | +€79 | +3.1% |
| Gross operating margin | 9900 | €13,907 | €377 | -€13,530 | -97.3% |
| Operating profit (loss) | 9901 | €7,911 | -€3,930 | -€11,840 | |
| Financial income | 75/76B | €20 | €0 | -€20 | -99.9% |
| Recurring financial income | 75 | €20 | €0 | -€20 | -99.9% |
| Financial charges | 65/66B | €547 | €840 | +€293 | +53.5% |
| Recurring financial charges | 65 | €547 | €840 | +€293 | +53.5% |
| Profit (loss) for the period before taxes | 9903 | €7,383 | -€4,769 | -€12,153 | |
| Profit (loss) for the period | 9904 | €7,383 | -€4,769 | -€12,153 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,383 | -€4,769 | -€12,153 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.