J.P.S: 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.S
Largest movements
- Receivables within one year +€55,412
up €55,412 (+3.4%), from €1.6m to €1.7m
of which Other amounts receivable: +€34,962
- Other debts +€183,935
up €183,935 (+15.3%), from €1.2m to €1.4m
- Trade debts -€91,143
down €91,143 (-71.6%), from €127,285 to €36,143
- Debts after one year -€35,759
down €35,759 (-10.9%), from €327,773 to €292,014
- Gross operating margin +€44,767
up €44,767 (+61.9%), from €72,371 to €117,138
- Depreciation +€24,426
up €24,426 (+162%), from €15,111 to €39,537
- Financial charges +€21,587
up €21,587 (+30.1%), from €71,766 to €93,353
- Financial income +€18,709
up €18,709 (+49.4%), from €37,879 to €56,588
- Taxes +€5,690
up €5,690 (+162%), from €3,509 to €9,199
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 | €2,983,687 | €3,039,044 | +€55,357 | +1.9% |
| Fixed assets | 21/28 | €1,334,915 | €1,327,482 | -€7,433 | -0.6% |
| Tangible fixed assets | 22/27 | €953,515 | €946,082 | -€7,433 | -0.8% |
| Land and buildings | 22 | €952,727 | €945,583 | -€7,144 | -0.7% |
| Furniture and vehicles | 24 | €789 | €499 | -€289 | -36.7% |
| Financial fixed assets | 28 | €381,400 | €381,400 | = | 0.0% |
| Current assets | 29/58 | €1,648,772 | €1,711,562 | +€62,790 | +3.8% |
| Amounts receivable within one year | 40/41 | €1,617,188 | €1,672,599 | +€55,412 | +3.4% |
| Trade receivables | 40 | €47,930 | €68,380 | +€20,450 | +42.7% |
| Other amounts receivable | 41 | €1,569,258 | €1,604,219 | +€34,962 | +2.2% |
| Cash at bank and in hand | 54/58 | €6,947 | €2,305 | -€4,642 | -66.8% |
| Deferred charges and accrued income | 490/1 | €24,637 | €36,657 | +€12,020 | +48.8% |
| Total equity and liabilities | 10/49 | €2,983,687 | €3,039,044 | +€55,357 | +1.9% |
| Equity | 10/15 | €467,812 | €461,081 | -€6,731 | -1.4% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €6,197 | €6,197 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | €399,642 | €392,911 | -€6,731 | -1.7% |
| Amounts payable | 17/49 | €2,515,875 | €2,577,963 | +€62,088 | +2.5% |
| Amounts payable after more than one year | 17 | €327,773 | €292,014 | -€35,759 | -10.9% |
| Financial debts | 170/4 | €327,773 | €292,014 | -€35,759 | -10.9% |
| Amounts payable within one year | 42/48 | €2,179,117 | €2,285,949 | +€106,832 | +4.9% |
| Current portion of amounts payable after more than one year | 42 | €34,202 | €35,759 | +€1,557 | +4.6% |
| Financial debts | 43 | €805,254 | €800,000 | -€5,254 | -0.7% |
| Credit institutions | 430/8 | €805,254 | €800,000 | -€5,254 | -0.7% |
| Trade debts | 44 | €127,285 | €36,143 | -€91,143 | -71.6% |
| Suppliers | 440/4 | €127,285 | €36,143 | -€91,143 | -71.6% |
| Taxes, remuneration and social security | 45 | €10,771 | €28,506 | +€17,735 | +165% |
| Taxes | 450/3 | €10,771 | €28,506 | +€17,735 | +165% |
| Other amounts payable | 47/48 | €1,201,605 | €1,385,540 | +€183,935 | +15.3% |
| Accrued charges and deferred income | 492/3 | €8,984 | - | -€8,984 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,111 | €39,537 | +€24,426 | +162% |
| Other operating charges | 640/8 | €3,908 | €6,368 | +€2,459 | +62.9% |
| Gross operating margin | 9900 | €72,371 | €117,138 | +€44,767 | +61.9% |
| Operating profit (loss) | 9901 | €53,352 | €71,233 | +€17,881 | +33.5% |
| Financial income | 75/76B | €37,879 | €56,588 | +€18,709 | +49.4% |
| Recurring financial income | 75 | €37,879 | €56,588 | +€18,709 | +49.4% |
| Financial charges | 65/66B | €71,766 | €93,353 | +€21,587 | +30.1% |
| Recurring financial charges | 65 | €71,766 | €93,353 | +€21,587 | +30.1% |
| Profit (loss) for the period before taxes | 9903 | €19,465 | €34,468 | +€15,002 | +77.1% |
| Income taxes | 67/77 | €3,509 | €9,199 | +€5,690 | +162% |
| Profit (loss) for the period | 9904 | €15,957 | €25,269 | +€9,313 | +58.4% |
| Profit (loss) for the period to be appropriated | 9905 | €15,957 | €25,269 | +€9,313 | +58.4% |
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 24 October 2026 via checked.be.