J4P: 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.
J4P
Largest movements
- Cash +€13,660
up €13,660 (+57.6%), from €23,724 to €37,384
mainly Net result for the year (+€16,872) and Depreciation (+€5,885)
- Tangible fixed assets +€5,884
up €5,884 (+56.5%), from €10,422 to €16,305
of which Furniture and vehicles: +€3,260
- Stocks and contracts +€2,660
up €2,660 (+48.4%), from €5,500 to €8,160
- Receivables within one year -€1,192
down €1,192 (-8.1%), from €14,804 to €13,613
- Reserves +€16,872
up €16,872 (+52.1%), from €32,374 to €49,247
- Tax, wage and social debts +€5,104
up €5,104 (+64.1%), from €7,960 to €13,063
- Gross operating margin -€23,646
down €23,646 (-40.8%), from €58,001 to €34,356
- Taxes -€6,280
down €6,280 (-43.2%), from €14,551 to €8,271
- Financial charges -€3,501
down €3,501 (-55.3%), from €6,334 to €2,833
- Depreciation +€2,986
up €2,986 (+103.0%), from €2,899 to €5,885
- Other operating charges -€1,326
down €1,326 (-71.4%), from €1,857 to €530
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 | €54,579 | €75,584 | +€21,005 | +38.5% |
| Fixed assets | 21/28 | €10,422 | €16,305 | +€5,884 | +56.5% |
| Tangible fixed assets | 22/27 | €10,422 | €16,305 | +€5,884 | +56.5% |
| Plant, machinery and equipment | 23 | €10,082 | €12,705 | +€2,624 | +26.0% |
| Furniture and vehicles | 24 | €340 | €3,600 | +€3,260 | +958.9% |
| Current assets | 29/58 | €44,158 | €59,279 | +€15,121 | +34.2% |
| Stocks and contracts in progress | 3 | €5,500 | €8,160 | +€2,660 | +48.4% |
| Stocks | 30/36 | €5,500 | €8,160 | +€2,660 | +48.4% |
| Amounts receivable within one year | 40/41 | €14,804 | €13,613 | -€1,192 | -8.1% |
| Trade receivables | 40 | €14,804 | €13,613 | -€1,192 | -8.1% |
| Cash at bank and in hand | 54/58 | €23,724 | €37,384 | +€13,660 | +57.6% |
| Deferred charges and accrued income | 490/1 | €130 | €123 | -€7 | -5.3% |
| Total equity and liabilities | 10/49 | €54,579 | €75,584 | +€21,005 | +38.5% |
| Equity | 10/15 | €35,374 | €52,247 | +€16,872 | +47.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Outside capital | 11 | €3,000 | €3,000 | = | 0.0% |
| Other | 1109/19 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €32,374 | €49,247 | +€16,872 | +52.1% |
| Distributable reserves | 133 | €32,374 | €49,247 | +€16,872 | +52.1% |
| Amounts payable | 17/49 | €19,205 | €23,337 | +€4,132 | +21.5% |
| Amounts payable within one year | 42/48 | €19,205 | €23,337 | +€4,132 | +21.5% |
| Trade debts | 44 | €2,872 | €2,523 | -€349 | -12.1% |
| Suppliers | 440/4 | €2,872 | €2,523 | -€349 | -12.1% |
| Taxes, remuneration and social security | 45 | €7,960 | €13,063 | +€5,104 | +64.1% |
| Taxes | 450/3 | €7,960 | €13,063 | +€5,104 | +64.1% |
| Other amounts payable | 47/48 | €8,373 | €7,751 | -€623 | -7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,899 | €5,885 | +€2,986 | +103.0% |
| Other operating charges | 640/8 | €1,857 | €530 | -€1,326 | -71.4% |
| Gross operating margin | 9900 | €58,001 | €34,356 | -€23,646 | -40.8% |
| Operating profit (loss) | 9901 | €53,246 | €27,941 | -€25,305 | -47.5% |
| Financial income | 75/76B | €13 | €35 | +€22 | +167.8% |
| Recurring financial income | 75 | €13 | €35 | +€22 | +167.8% |
| Financial charges | 65/66B | €6,334 | €2,833 | -€3,501 | -55.3% |
| Recurring financial charges | 65 | €6,334 | €2,833 | -€3,501 | -55.3% |
| Profit (loss) for the period before taxes | 9903 | €46,925 | €25,143 | -€21,782 | -46.4% |
| Income taxes | 67/77 | €14,551 | €8,271 | -€6,280 | -43.2% |
| Profit (loss) for the period | 9904 | €32,374 | €16,872 | -€15,502 | -47.9% |
| Profit (loss) for the period to be appropriated | 9905 | €32,374 | €16,872 | -€15,502 | -47.9% |
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 5 October 2026 via checked.be.