J.P.V.: 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.V.
Largest movements
- Receivables within one year +€16,135
up €16,135 (+22.7%), from €71,070 to €87,205
of which Other amounts receivable: +€14,592
- Cash -€7,665
down €7,665 (-16.7%), from €45,897 to €38,232
mainly Receivables within one year (-€16,135)
- Reserves +€6,285
up €6,285 (+14.1%), from €44,671 to €50,956
of which Distributable reserves: +€6,285
- Gross operating margin -€1,052
down €1,052 (-9.9%), from €10,594 to €9,542
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 | €147,547 | €155,084 | +€7,537 | +5.1% |
| Fixed assets | 21/28 | €30,580 | €29,647 | -€933 | -3.1% |
| Tangible fixed assets | 22/27 | €30,580 | €29,647 | -€933 | -3.1% |
| Land and buildings | 22 | €27,268 | €27,268 | = | 0.0% |
| Plant, machinery and equipment | 23 | €3,312 | €2,379 | -€933 | -28.2% |
| Current assets | 29/58 | €116,966 | €125,437 | +€8,470 | +7.2% |
| Amounts receivable within one year | 40/41 | €71,070 | €87,205 | +€16,135 | +22.7% |
| Trade receivables | 40 | - | €1,543 | +€1,543 | |
| Other amounts receivable | 41 | €71,070 | €85,662 | +€14,592 | +20.5% |
| Cash at bank and in hand | 54/58 | €45,897 | €38,232 | -€7,665 | -16.7% |
| Total equity and liabilities | 10/49 | €147,547 | €155,084 | +€7,537 | +5.1% |
| Equity | 10/15 | €146,671 | €152,956 | +€6,285 | +4.3% |
| Contributions | 10/11 | €102,000 | €102,000 | = | 0.0% |
| Reserves | 13 | €44,671 | €50,956 | +€6,285 | +14.1% |
| Non-distributable reserves | 130/1 | €10,164 | €10,164 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,164 | €10,164 | = | 0.0% |
| Distributable reserves | 133 | €34,507 | €40,792 | +€6,285 | +18.2% |
| Amounts payable | 17/49 | €876 | €2,128 | +€1,252 | +143% |
| Amounts payable within one year | 42/48 | €876 | €2,128 | +€1,252 | +143% |
| Trade debts | 44 | €876 | €2,128 | +€1,252 | +143% |
| Suppliers | 440/4 | €876 | €2,128 | +€1,252 | +143% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €933 | €933 | = | 0.0% |
| Other operating charges | 640/8 | €2,109 | €2,173 | +€65 | +3.1% |
| Gross operating margin | 9900 | €10,594 | €9,542 | -€1,052 | -9.9% |
| Operating profit (loss) | 9901 | €7,552 | €6,435 | -€1,117 | -14.8% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €153 | €150 | -€3 | -1.8% |
| Recurring financial charges | 65 | €153 | €150 | -€3 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | €7,399 | €6,285 | -€1,115 | -15.1% |
| Profit (loss) for the period | 9904 | €7,399 | €6,285 | -€1,115 | -15.1% |
| Profit (loss) for the period to be appropriated | 9905 | €7,399 | €6,285 | -€1,115 | -15.1% |
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 13 October 2026 via checked.be.