J & P GROUP: 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 GROUP
Largest movements
- Tangible fixed assets +€369,351
up €369,351 (+29.0%), from €1.3m to €1.6m
of which Land and buildings: +€369,351
- Cash -€21,480
down €21,480 (-42.5%), from €50,538 to €29,058
mainly Investment in fixed assets (net) (-€400,000) and Contributions, distributions and other (-€30,588)
- Debts after one year +€304,198
up €304,198 (+32.0%), from €951,910 to €1.3m
of which Financial debts: +€301,398
- Reserves +€53,263
up €53,263 (+17.4%), from €306,539 to €359,803
- Gross operating margin +€49,425
up €49,425 (+28.2%), from €175,503 to €224,928
- Other operating charges +€49,410
up €49,410 (+1,702%), from €2,903 to €52,313
- Depreciation -€6,066
down €6,066 (-16.5%), from €36,715 to €30,649
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 | €1,338,109 | €1,702,425 | +€364,316 | +27.2% |
| Fixed assets | 21/28 | €1,272,887 | €1,642,237 | +€369,351 | +29.0% |
| Tangible fixed assets | 22/27 | €1,272,887 | €1,642,237 | +€369,351 | +29.0% |
| Land and buildings | 22 | €1,224,777 | €1,594,128 | +€369,351 | +30.2% |
| Other tangible fixed assets | 26 | €48,109 | €48,109 | = | 0.0% |
| Current assets | 29/58 | €65,223 | €60,188 | -€5,035 | -7.7% |
| Amounts receivable within one year | 40/41 | €12,886 | €27,173 | +€14,287 | +111% |
| Trade receivables | 40 | €12,100 | €24,200 | +€12,100 | +100% |
| Other amounts receivable | 41 | €786 | €2,973 | +€2,187 | +278% |
| Cash at bank and in hand | 54/58 | €50,538 | €29,058 | -€21,480 | -42.5% |
| Deferred charges and accrued income | 490/1 | €1,798 | €3,956 | +€2,158 | +120% |
| Total equity and liabilities | 10/49 | €1,338,109 | €1,702,425 | +€364,316 | +27.2% |
| Equity | 10/15 | €316,539 | €369,803 | +€53,263 | +16.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €306,539 | €359,803 | +€53,263 | +17.4% |
| Distributable reserves | 133 | €306,539 | €359,803 | +€53,263 | +17.4% |
| Amounts payable | 17/49 | €1,021,570 | €1,332,622 | +€311,052 | +30.4% |
| Amounts payable after more than one year | 17 | €951,910 | €1,256,108 | +€304,198 | +32.0% |
| Financial debts | 170/4 | €951,910 | €1,253,308 | +€301,398 | +31.7% |
| Other amounts payable | 178/9 | - | €2,800 | +€2,800 | |
| Amounts payable within one year | 42/48 | €65,259 | €69,972 | +€4,713 | +7.2% |
| Current portion of amounts payable after more than one year | 42 | €42,269 | €56,475 | +€14,205 | +33.6% |
| Trade debts | 44 | €3,694 | €2,714 | -€979 | -26.5% |
| Suppliers | 440/4 | €3,694 | €2,714 | -€979 | -26.5% |
| Taxes, remuneration and social security | 45 | €19,296 | €10,783 | -€8,513 | -44.1% |
| Taxes | 450/3 | €19,296 | €10,783 | -€8,513 | -44.1% |
| Accrued charges and deferred income | 492/3 | €4,401 | €6,542 | +€2,141 | +48.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,715 | €30,649 | -€6,066 | -16.5% |
| Other operating charges | 640/8 | €2,903 | €52,313 | +€49,410 | +1,702% |
| Gross operating margin | 9900 | €175,503 | €224,928 | +€49,425 | +28.2% |
| Operating profit (loss) | 9901 | €135,886 | €141,966 | +€6,080 | +4.5% |
| Financial income | 75/76B | €9 | - | -€9 | |
| Recurring financial income | 75 | €9 | - | -€9 | |
| Financial charges | 65/66B | €28,879 | €30,088 | +€1,208 | +4.2% |
| Recurring financial charges | 65 | €28,879 | €30,088 | +€1,208 | +4.2% |
| Profit (loss) for the period before taxes | 9903 | €107,016 | €111,879 | +€4,863 | +4.5% |
| Income taxes | 67/77 | €27,810 | €28,027 | +€217 | +0.8% |
| Profit (loss) for the period | 9904 | €79,206 | €83,852 | +€4,646 | +5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €79,206 | €83,852 | +€4,646 | +5.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.