JAP: 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.
JAP
Largest movements
- Receivables within one year -€227
down €227 (-100%), from €227 to €0
- Cash -€89
down €89 (-89.3%), from €99 to €11
mainly Net result for the year (-€2,581) and Tax, wage and social debts (-€237)
- Profit (loss) carried forward -€2,581
down €2,581 (-3.4%), from -€75,248 to -€77,829
- Other debts +€2,019
up €2,019 (+16.0%), from €12,627 to €14,646
- Advances received +€595
new in 2025: €595
- Tax, wage and social debts -€237
down €237 (-23.4%), from €1,011 to €774
- Accrued charges and deferred income -€65
down €65 (-100%), from €65 to €0
- Gross operating margin -€950
down €950 (-218%), from -€435 to -€1,385
- Other operating charges +€629
up €629 (+329%), from €191 to €820
- Taxes -€221
down €221 (-48.0%), from €460 to €239
- Financial charges +€37
up €37 (+37.0%), from €100 to €137
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 | €475 | €159 | -€316 | -66.5% |
| Fixed assets | 21/28 | €149 | €149 | = | 0.0% |
| Financial fixed assets | 28 | €149 | €149 | = | 0.0% |
| Current assets | 29/58 | €326 | €11 | -€316 | -96.8% |
| Amounts receivable within one year | 40/41 | €227 | €0 | -€227 | -100% |
| Trade receivables | 40 | €227 | €0 | -€227 | -100% |
| Cash at bank and in hand | 54/58 | €99 | €11 | -€89 | -89.3% |
| Total equity and liabilities | 10/49 | €475 | €159 | -€316 | -66.5% |
| Equity | 10/15 | -€13,274 | -€15,856 | -€2,581 | -19.4% |
| 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% |
| Profit (loss) carried forward | 14 | -€75,248 | -€77,829 | -€2,581 | -3.4% |
| Amounts payable | 17/49 | €13,749 | €16,015 | +€2,266 | +16.5% |
| Amounts payable within one year | 42/48 | €13,684 | €16,015 | +€2,331 | +17.0% |
| Trade debts | 44 | €47 | €0 | -€47 | -100% |
| Suppliers | 440/4 | €47 | €0 | -€47 | -100% |
| Advances received on contracts in progress | 46 | - | €595 | +€595 | |
| Taxes, remuneration and social security | 45 | €1,011 | €774 | -€237 | -23.4% |
| Taxes | 450/3 | €1,011 | €774 | -€237 | -23.4% |
| Other amounts payable | 47/48 | €12,627 | €14,646 | +€2,019 | +16.0% |
| Accrued charges and deferred income | 492/3 | €65 | €0 | -€65 | -100% |
| Other operating charges | 640/8 | €191 | €820 | +€629 | +329% |
| Gross operating margin | 9900 | -€435 | -€1,385 | -€950 | -218% |
| Operating profit (loss) | 9901 | -€626 | -€2,205 | -€1,578 | -252% |
| Financial charges | 65/66B | €100 | €137 | +€37 | +37.0% |
| Recurring financial charges | 65 | €100 | €137 | +€37 | +37.0% |
| Profit (loss) for the period before taxes | 9903 | -€726 | -€2,342 | -€1,615 | -222% |
| Income taxes | 67/77 | €460 | €239 | -€221 | -48.0% |
| Profit (loss) for the period | 9904 | -€1,187 | -€2,581 | -€1,395 | -118% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,187 | -€2,581 | -€1,395 | -118% |
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 18 October 2026 via checked.be.