J.P. PROJECTS: what changed
Two fiscal 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. PROJECTS
Largest movements
- Tangible fixed assets +€64,656
up €64,656 (+762.1%), from €8,484 to €73,140
of which Furniture and vehicles: +€57,766
- Receivables within one year -€20,799
down €20,799 (-18.3%), from €113,861 to €93,061
of which Trade receivables: -€88,134
- Cash -€5,945
down €5,945 (-4.7%), from €126,227 to €120,282
mainly Investment in fixed assets (net) (-€82,851) and Other debts (-€32,350)
- Reserves +€48,982
up €48,982 (+33.5%), from €146,318 to €195,299
- Other debts -€32,350
down €32,350 (-69.3%), from €46,656 to €14,306
- Debts after one year +€28,143
new in 2025: €28,143
- Current portion of long-term debt +€12,706
new in 2025: €12,706
- Tax, wage and social debts -€10,887
down €10,887 (-28.1%), from €38,769 to €27,882
of which Taxes: -€9,530
- Gross operating margin +€41,533
up €41,533 (+31.1%), from €133,375 to €174,908
- Depreciation +€13,481
up €13,481 (+286.0%), from €4,714 to €18,195
- Taxes +€11,159
up €11,159 (+57.5%), from €19,410 to €30,570
- Financial charges +€2,437
up €2,437 (+1094.2%), from €223 to €2,660
- Financial income +€1,922
up €1,922 (+186608.7%), from €1 to €1,923
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.
Cash bridge derived
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 | €250,837 | €290,983 | +€40,146 | +16.0% |
| Fixed assets | 21/28 | €8,484 | €73,140 | +€64,656 | +762.1% |
| Tangible fixed assets | 22/27 | €8,484 | €73,140 | +€64,656 | +762.1% |
| Plant, machinery and equipment | 23 | €1,010 | €7,901 | +€6,890 | +682.0% |
| Furniture and vehicles | 24 | €7,473 | €65,239 | +€57,766 | +772.9% |
| Current assets | 29/58 | €242,353 | €217,844 | -€24,510 | -10.1% |
| Amounts receivable within one year | 40/41 | €113,861 | €93,061 | -€20,799 | -18.3% |
| Trade receivables | 40 | €113,404 | €25,270 | -€88,134 | -77.7% |
| Other amounts receivable | 41 | €457 | €67,792 | +€67,335 | +14736.4% |
| Cash at bank and in hand | 54/58 | €126,227 | €120,282 | -€5,945 | -4.7% |
| Deferred charges and accrued income | 490/1 | €2,266 | €4,500 | +€2,234 | +98.6% |
| Total equity and liabilities | 10/49 | €250,837 | €290,983 | +€40,146 | +16.0% |
| Equity | 10/15 | €123,514 | €172,495 | +€48,982 | +39.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €146,318 | €195,299 | +€48,982 | +33.5% |
| Distributable reserves | 133 | €146,318 | €195,299 | +€48,982 | +33.5% |
| Profit (loss) carried forward | 14 | -€42,804 | -€42,804 | = | 0.0% |
| Amounts payable | 17/49 | €127,323 | €118,488 | -€8,835 | -6.9% |
| Amounts payable after more than one year | 17 | - | €28,143 | +€28,143 | |
| Financial debts | 170/4 | - | €28,143 | +€28,143 | |
| Amounts payable within one year | 42/48 | €127,323 | €90,345 | -€36,979 | -29.0% |
| Current portion of amounts payable after more than one year | 42 | - | €12,706 | +€12,706 | |
| Financial debts | 43 | €16,605 | €12,527 | -€4,077 | -24.6% |
| Credit institutions | 430/8 | €16,605 | €12,527 | -€4,077 | -24.6% |
| Trade debts | 44 | €25,293 | €22,923 | -€2,370 | -9.4% |
| Suppliers | 440/4 | €25,293 | €22,923 | -€2,370 | -9.4% |
| Taxes, remuneration and social security | 45 | €38,769 | €27,882 | -€10,887 | -28.1% |
| Taxes | 450/3 | €31,387 | €21,857 | -€9,530 | -30.4% |
| Remuneration and social security | 454/9 | €7,382 | €6,025 | -€1,357 | -18.4% |
| Other amounts payable | 47/48 | €46,656 | €14,306 | -€32,350 | -69.3% |
| Remuneration, social security and pensions | 62 | €62,912 | €61,113 | -€1,799 | -2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,714 | €18,195 | +€13,481 | +286.0% |
| Other operating charges | 640/8 | €1,234 | €1,005 | -€229 | -18.5% |
| Gross operating margin | 9900 | €133,375 | €174,908 | +€41,533 | +31.1% |
| Operating profit (loss) | 9901 | €64,514 | €94,594 | +€30,079 | +46.6% |
| Financial income | 75/76B | €1 | €1,923 | +€1,922 | +186608.7% |
| Recurring financial income | 75 | €1 | €1,923 | +€1,922 | +186608.7% |
| Financial charges | 65/66B | €223 | €2,660 | +€2,437 | +1094.2% |
| Recurring financial charges | 65 | €223 | €2,660 | +€2,437 | +1094.2% |
| Profit (loss) for the period before taxes | 9903 | €64,293 | €93,857 | +€29,565 | +46.0% |
| Income taxes | 67/77 | €19,410 | €30,570 | +€11,159 | +57.5% |
| Profit (loss) for the period | 9904 | €44,883 | €63,288 | +€18,405 | +41.0% |
| Profit (loss) for the period to be appropriated | 9905 | €44,883 | €63,288 | +€18,405 | +41.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.