J.P.M.J.: 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.M.J.
Largest movements
- Tangible fixed assets -€55,738
down €55,738 (-4.4%), from €1.3m to €1.2m
of which Land and buildings: -€55,554
- Cash -€16,221
down €16,221 (-23.3%), from €69,506 to €53,286
mainly Net result for the year (-€48,060) and Debts after one year (-€24,595)
- Profit (loss) carried forward -€48,060
down €48,060 (-47.5%), from -€101,210 to -€149,271
- Debts after one year -€24,595
down €24,595 (-10.7%), from €230,474 to €205,879
- Gross operating margin -€1.0m
down €1.0m (-92.6%), from €1.1m to €81,587
- Taxes -€92,739
no longer reported in 2025 (was €92,739)
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 | €1,355,336 | €1,276,480 | -€78,856 | -5.8% |
| Fixed assets | 21/28 | €1,268,481 | €1,212,743 | -€55,738 | -4.4% |
| Tangible fixed assets | 22/27 | €1,268,481 | €1,212,743 | -€55,738 | -4.4% |
| Land and buildings | 22 | €1,267,585 | €1,212,030 | -€55,554 | -4.4% |
| Furniture and vehicles | 24 | €896 | €713 | -€184 | -20.5% |
| Current assets | 29/58 | €86,855 | €63,737 | -€23,118 | -26.6% |
| Amounts receivable within one year | 40/41 | €4,672 | €6,195 | +€1,524 | +32.6% |
| Trade receivables | 40 | - | €6,195 | +€6,195 | |
| Other amounts receivable | 41 | €4,672 | - | -€4,672 | |
| Cash at bank and in hand | 54/58 | €69,506 | €53,286 | -€16,221 | -23.3% |
| Deferred charges and accrued income | 490/1 | €12,677 | €4,256 | -€8,421 | -66.4% |
| Total equity and liabilities | 10/49 | €1,355,336 | €1,276,480 | -€78,856 | -5.8% |
| Equity | 10/15 | €272,118 | €224,057 | -€48,060 | -17.7% |
| Contributions | 10/11 | €373,328 | €373,328 | = | 0.0% |
| Capital | 10 | €373,328 | €373,328 | = | 0.0% |
| Issued capital | 100 | €373,328 | €373,328 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€101,210 | -€149,271 | -€48,060 | -47.5% |
| Amounts payable | 17/49 | €1,083,219 | €1,052,423 | -€30,796 | -2.8% |
| Amounts payable after more than one year | 17 | €230,474 | €205,879 | -€24,595 | -10.7% |
| Financial debts | 170/4 | €230,474 | €205,879 | -€24,595 | -10.7% |
| Amounts payable within one year | 42/48 | €850,811 | €843,897 | -€6,914 | -0.8% |
| Current portion of amounts payable after more than one year | 42 | €25,440 | €26,596 | +€1,156 | +4.5% |
| Trade debts | 44 | €226 | €3,932 | +€3,706 | +1,641% |
| Suppliers | 440/4 | €226 | €3,932 | +€3,706 | +1,641% |
| Taxes, remuneration and social security | 45 | €5,025 | €4,219 | -€806 | -16.0% |
| Taxes | 450/3 | €5,025 | €4,219 | -€806 | -16.0% |
| Other amounts payable | 47/48 | €820,120 | €809,150 | -€10,970 | -1.3% |
| Accrued charges and deferred income | 492/3 | €1,934 | €2,647 | +€713 | +36.9% |
| Non-recurring operating income | 76A | €1,050,052 | - | -€1.1m | |
| Remuneration, social security and pensions | 62 | €8,874 | €8,680 | -€194 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,758 | €63,607 | +€849 | +1.4% |
| Other operating charges | 640/8 | €23,171 | €24,694 | +€1,523 | +6.6% |
| Gross operating margin | 9900 | €1,107,402 | €81,587 | -€1.0m | -92.6% |
| Operating profit (loss) | 9901 | €1,012,599 | -€15,394 | -€1.0m | |
| Financial income | 75/76B | €7 | - | -€7 | |
| Recurring financial income | 75 | €7 | - | -€7 | |
| Financial charges | 65/66B | €41,195 | €32,667 | -€8,529 | -20.7% |
| Recurring financial charges | 65 | €41,195 | €32,667 | -€8,529 | -20.7% |
| Profit (loss) for the period before taxes | 9903 | €971,410 | -€48,060 | -€1.0m | |
| Income taxes | 67/77 | €92,739 | - | -€92,739 | |
| Profit (loss) for the period | 9904 | €878,671 | -€48,060 | -€926,732 | |
| Profit (loss) for the period to be appropriated | 9905 | €878,671 | -€48,060 | -€926,732 |
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 28 October 2026 via checked.be.