J.P. III: 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. III
Largest movements
- Cash -€247,754
down €247,754 (-93.8%), from €264,053 to €16,299
mainly Current portion of long-term debt (-€598,176) and Receivables within one year (-€28,216)
- Tangible fixed assets -€63,169
down €63,169 (-3.7%), from €1.7m to €1.6m
of which Land and buildings: -€83,485
- Receivables within one year +€28,216
up €28,216 (+11,344%), from €249 to €28,465
of which Trade receivables: +€25,216
- Current portion of long-term debt -€598,176
down €598,176 (-79.9%), from €749,059 to €150,882
- Debts after one year +€189,118
up €189,118 (+34.0%), from €555,707 to €744,825
of which Other amounts payable: +€340,000
- Profit (loss) carried forward +€87,996
up €87,996 (+14.6%), from €603,531 to €691,527
- Trade debts +€22,351
up €22,351 (+8,152%), from €274 to €22,625
- Taxes +€14,340
new in 2024: €14,340
- Gross operating margin -€7,972
down €7,972 (-3.5%), from €231,069 to €223,096
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,011,590 | €1,718,299 | -€293,291 | -14.6% |
| Fixed assets | 21/28 | €1,735,023 | €1,671,854 | -€63,169 | -3.6% |
| Tangible fixed assets | 22/27 | €1,710,323 | €1,647,154 | -€63,169 | -3.7% |
| Land and buildings | 22 | €1,687,419 | €1,603,934 | -€83,485 | -4.9% |
| Other tangible fixed assets | 26 | €22,904 | €43,220 | +€20,316 | +88.7% |
| Financial fixed assets | 28 | €24,700 | €24,700 | = | 0.0% |
| Current assets | 29/58 | €276,567 | €46,445 | -€230,122 | -83.2% |
| Amounts receivable within one year | 40/41 | €249 | €28,465 | +€28,216 | +11,344% |
| Trade receivables | 40 | €63 | €25,279 | +€25,216 | +40,025% |
| Other amounts receivable | 41 | €186 | €3,186 | +€3,000 | +1,615% |
| Cash at bank and in hand | 54/58 | €264,053 | €16,299 | -€247,754 | -93.8% |
| Deferred charges and accrued income | 490/1 | €12,265 | €1,681 | -€10,585 | -86.3% |
| Total equity and liabilities | 10/49 | €2,011,590 | €1,718,299 | -€293,291 | -14.6% |
| Equity | 10/15 | €687,657 | €775,653 | +€87,996 | +12.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €22,126 | €22,126 | = | 0.0% |
| Non-distributable reserves | 130/1 | €22,126 | €22,126 | = | 0.0% |
| Legal reserve | 130 | €22,126 | €22,126 | = | 0.0% |
| Profit (loss) carried forward | 14 | €603,531 | €691,527 | +€87,996 | +14.6% |
| Amounts payable | 17/49 | €1,323,933 | €942,646 | -€381,287 | -28.8% |
| Amounts payable after more than one year | 17 | €555,707 | €744,825 | +€189,118 | +34.0% |
| Financial debts | 170/4 | €458,207 | €307,325 | -€150,882 | -32.9% |
| Other amounts payable | 178/9 | €97,500 | €437,500 | +€340,000 | +349% |
| Amounts payable within one year | 42/48 | €760,658 | €185,293 | -€575,365 | -75.6% |
| Current portion of amounts payable after more than one year | 42 | €749,059 | €150,882 | -€598,176 | -79.9% |
| Trade debts | 44 | €274 | €22,625 | +€22,351 | +8,152% |
| Suppliers | 440/4 | €274 | €22,625 | +€22,351 | +8,152% |
| Taxes, remuneration and social security | 45 | €11,325 | €11,786 | +€461 | +4.1% |
| Taxes | 450/3 | €11,325 | €11,786 | +€461 | +4.1% |
| Accrued charges and deferred income | 492/3 | €7,568 | €12,528 | +€4,960 | +65.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,291 | €88,169 | +€1,878 | +2.2% |
| Other operating charges | 640/8 | €22,376 | €24,467 | +€2,090 | +9.3% |
| Gross operating margin | 9900 | €231,069 | €223,096 | -€7,972 | -3.5% |
| Operating profit (loss) | 9901 | €122,402 | €110,461 | -€11,941 | -9.8% |
| Financial income | 75/76B | €5,770 | €6,339 | +€569 | +9.9% |
| Recurring financial income | 75 | €5,770 | €6,339 | +€569 | +9.9% |
| Financial charges | 65/66B | €16,005 | €14,464 | -€1,541 | -9.6% |
| Recurring financial charges | 65 | €16,005 | €14,464 | -€1,541 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | €112,166 | €102,336 | -€9,831 | -8.8% |
| Income taxes | 67/77 | - | €14,340 | +€14,340 | |
| Profit (loss) for the period | 9904 | €112,166 | €87,996 | -€24,171 | -21.5% |
| Profit (loss) for the period to be appropriated | 9905 | €112,166 | €87,996 | -€24,171 | -21.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.