J.P.M.L.: what changed
J.P.M.L.
Largest movements
- Tangible fixed assets -€29,596
down €29,596 (-6.3%), from €469,967 to €440,371
of which Land and buildings: -€26,323
- Cash -€5,007
down €5,007 (-23.1%), from €21,674 to €16,667
mainly Net result for the year (-€22,614) and Debts after one year (-€13,765)
- Profit (loss) carried forward -€22,614
down €22,614 (-22.8%), from -€98,984 to -€121,598
- Debts after one year -€13,765
down €13,765 (-24.9%), from €55,184 to €41,419
of which Financial debts: -€13,765
- Trade debts +€5,298
up €5,298 (+130%), from €4,074 to €9,372
- Gross operating margin -€22,522
down €22,522 (-62.4%), from €36,117 to €13,595
- Depreciation +€1,975
up €1,975 (+7.2%), from €27,621 to €29,596
- Financial charges +€615
up €615 (+38.3%), from €1,607 to €2,222
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 | €493,538 | €459,034 | -€34,504 | -7.0% |
| Fixed assets | 21/28 | €469,967 | €440,371 | -€29,596 | -6.3% |
| Tangible fixed assets | 22/27 | €469,967 | €440,371 | -€29,596 | -6.3% |
| Land and buildings | 22 | €444,212 | €417,889 | -€26,323 | -5.9% |
| Other tangible fixed assets | 26 | €25,755 | €22,483 | -€3,273 | -12.7% |
| Current assets | 29/58 | €23,571 | €18,663 | -€4,908 | -20.8% |
| Cash at bank and in hand | 54/58 | €21,674 | €16,667 | -€5,007 | -23.1% |
| Deferred charges and accrued income | 490/1 | €1,897 | €1,996 | +€99 | +5.2% |
| Total equity and liabilities | 10/49 | €493,538 | €459,034 | -€34,504 | -7.0% |
| Equity | 10/15 | €286,738 | €264,125 | -€22,614 | -7.9% |
| Contributions | 10/11 | €385,722 | €385,722 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€98,984 | -€121,598 | -€22,614 | -22.8% |
| Amounts payable | 17/49 | €206,799 | €194,910 | -€11,890 | -5.7% |
| Amounts payable after more than one year | 17 | €55,184 | €41,419 | -€13,765 | -24.9% |
| Financial debts | 170/4 | €49,235 | €35,470 | -€13,765 | -28.0% |
| Other amounts payable | 178/9 | €5,949 | €5,949 | = | 0.0% |
| Amounts payable within one year | 42/48 | €151,615 | €153,490 | +€1,875 | +1.2% |
| Current portion of amounts payable after more than one year | 42 | €13,261 | €13,765 | +€504 | +3.8% |
| Trade debts | 44 | €4,074 | €9,372 | +€5,298 | +130% |
| Suppliers | 440/4 | €4,074 | €9,372 | +€5,298 | +130% |
| Other amounts payable | 47/48 | €134,280 | €130,353 | -€3,927 | -2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,621 | €29,596 | +€1,975 | +7.2% |
| Other operating charges | 640/8 | €4,297 | €4,392 | +€95 | +2.2% |
| Gross operating margin | 9900 | €36,117 | €13,595 | -€22,522 | -62.4% |
| Operating profit (loss) | 9901 | €4,199 | -€20,392 | -€24,592 | |
| Financial charges | 65/66B | €1,607 | €2,222 | +€615 | +38.3% |
| Recurring financial charges | 65 | €1,607 | €2,222 | +€615 | +38.3% |
| Profit (loss) for the period before taxes | 9903 | €2,593 | -€22,614 | -€25,206 | |
| Profit (loss) for the period | 9904 | €2,593 | -€22,614 | -€25,206 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,593 | -€22,614 | -€25,206 |
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 4 November 2026 via checked.be.