J.P.L.: 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.L.
Largest movements
- Cash +€8,468
up €8,468 (+20.7%), from €40,834 to €49,301
mainly Net result for the year (+€16,517) and Depreciation (+€14,087)
- Receivables within one year -€8,116
down €8,116 (-67.0%), from €12,118 to €4,002
of which Other amounts receivable: -€6,032
- Tangible fixed assets -€6,539
down €6,539 (-10.4%), from €62,938 to €56,399
of which Furniture and vehicles: -€4,161
- Debts after one year -€17,614
down €17,614 (-21.4%), from €82,251 to €64,637
- Profit (loss) carried forward +€13,750
no longer reported in 2025 (was -€13,750)
- Reserves -€8,233
down €8,233 (-30.3%), from €27,148 to €18,915
of which Distributable reserves: -€8,233
- Other debts +€4,703
new in 2025: €4,703
- Gross operating margin +€2,666
up €2,666 (+6.9%), from €38,457 to €41,124
- Other operating charges -€1,740
down €1,740 (-81.3%), from €2,140 to €400
- Depreciation +€1,141
up €1,141 (+8.8%), from €12,946 to €14,087
- Financial charges -€857
down €857 (-15.4%), from €5,564 to €4,706
- Taxes +€603
up €603 (+11.7%), from €5,146 to €5,750
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 | €115,890 | €109,702 | -€6,188 | -5.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €62,938 | €56,399 | -€6,539 | -10.4% |
| Tangible fixed assets | 22/27 | €62,938 | €56,399 | -€6,539 | -10.4% |
| Land and buildings | 22 | €42,700 | €39,844 | -€2,856 | -6.7% |
| Plant, machinery and equipment | 23 | €0 | €478 | +€478 | |
| Furniture and vehicles | 24 | €20,239 | €16,078 | -€4,161 | -20.6% |
| Current assets | 29/58 | €52,952 | €53,303 | +€351 | +0.7% |
| Amounts receivable within one year | 40/41 | €12,118 | €4,002 | -€8,116 | -67.0% |
| Trade receivables | 40 | €6,086 | €4,002 | -€2,084 | -34.2% |
| Other amounts receivable | 41 | €6,032 | - | -€6,032 | |
| Cash at bank and in hand | 54/58 | €40,834 | €49,301 | +€8,468 | +20.7% |
| Total equity and liabilities | 10/49 | €115,890 | €109,702 | -€6,188 | -5.3% |
| Equity | 10/15 | €15,025 | €20,542 | +€5,517 | +36.7% |
| Contributions | 10/11 | €1,626 | €1,626 | = | 0.0% |
| Reserves | 13 | €27,148 | €18,915 | -€8,233 | -30.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €288 | €288 | = | 0.0% |
| Distributable reserves | 133 | €25,000 | €16,767 | -€8,233 | -32.9% |
| Profit (loss) carried forward | 14 | -€13,750 | - | +€13,750 | |
| Amounts payable | 17/49 | €100,865 | €89,161 | -€11,705 | -11.6% |
| Amounts payable after more than one year | 17 | €82,251 | €64,637 | -€17,614 | -21.4% |
| Financial debts | 170/4 | €82,251 | €64,637 | -€17,614 | -21.4% |
| Amounts payable within one year | 42/48 | €18,614 | €24,523 | +€5,909 | +31.7% |
| Current portion of amounts payable after more than one year | 42 | €16,806 | €17,614 | +€808 | +4.8% |
| Trade debts | 44 | €912 | €306 | -€605 | -66.4% |
| Suppliers | 440/4 | €912 | €306 | -€605 | -66.4% |
| Taxes, remuneration and social security | 45 | €896 | €1,900 | +€1,004 | +112% |
| Taxes | 450/3 | €896 | €1,900 | +€1,004 | +112% |
| Other amounts payable | 47/48 | - | €4,703 | +€4,703 | |
| Remuneration, social security and pensions | 62 | €100 | - | -€100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,946 | €14,087 | +€1,141 | +8.8% |
| Other operating charges | 640/8 | €2,140 | €400 | -€1,740 | -81.3% |
| Gross operating margin | 9900 | €38,457 | €41,124 | +€2,666 | +6.9% |
| Operating profit (loss) | 9901 | €23,272 | €26,637 | +€3,365 | +14.5% |
| Financial income | 75/76B | €800 | €336 | -€464 | -58.0% |
| Recurring financial income | 75 | €800 | €336 | -€464 | -58.0% |
| Financial charges | 65/66B | €5,564 | €4,706 | -€857 | -15.4% |
| Recurring financial charges | 65 | €5,564 | €4,706 | -€857 | -15.4% |
| Profit (loss) for the period before taxes | 9903 | €18,508 | €22,267 | +€3,759 | +20.3% |
| Income taxes | 67/77 | €5,146 | €5,750 | +€603 | +11.7% |
| Profit (loss) for the period | 9904 | €13,361 | €16,517 | +€3,156 | +23.6% |
| Profit (loss) for the period to be appropriated | 9905 | €13,361 | €16,517 | +€3,156 | +23.6% |
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 22 October 2026 via checked.be.