JAPE: 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.
JAPE
Largest movements
- Cash +€44,978
new in 2025: €44,978
mainly Net result for the year (+€41,810) and Depreciation (+€21,248)
- Receivables within one year -€11,654
down €11,654 (-74.6%), from €15,625 to €3,971
of which Trade receivables: -€14,913
- Tangible fixed assets +€5,851
up €5,851 (+5.9%), from €98,734 to €104,585
of which Other tangible fixed assets: +€4,520
- Reserves +€40,977
up €40,977 (+81.7%), from €50,137 to €91,114
- Other debts -€28,227
down €28,227 (-97.1%), from €29,060 to €833
- Current portion of long-term debt +€14,746
up €14,746 (+1135.7%), from €1,298 to €16,044
- Debts after one year +€11,048
new in 2025: €11,048
- Gross operating margin +€34,392
up €34,392 (+72.0%), from €47,735 to €82,127
- Taxes +€11,100
up €11,100 (+191.8%), from €5,788 to €16,888
- Depreciation -€2,882
down €2,882 (-11.9%), from €24,130 to €21,248
- Financial charges +€1,436
up €1,436 (+258.2%), from €556 to €1,992
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 | €114,670 | €153,976 | +€39,307 | +34.3% |
| Fixed assets | 21/28 | €98,734 | €104,585 | +€5,851 | +5.9% |
| Tangible fixed assets | 22/27 | €98,734 | €104,585 | +€5,851 | +5.9% |
| Furniture and vehicles | 24 | €81,575 | €82,906 | +€1,331 | +1.6% |
| Other tangible fixed assets | 26 | €17,159 | €21,679 | +€4,520 | +26.3% |
| Current assets | 29/58 | €15,936 | €49,391 | +€33,456 | +209.9% |
| Amounts receivable within one year | 40/41 | €15,625 | €3,971 | -€11,654 | -74.6% |
| Trade receivables | 40 | €14,913 | €0 | -€14,913 | -100.0% |
| Other amounts receivable | 41 | €712 | €3,971 | +€3,259 | +458.0% |
| Cash at bank and in hand | 54/58 | - | €44,978 | +€44,978 | |
| Deferred charges and accrued income | 490/1 | €311 | €442 | +€132 | +42.4% |
| Total equity and liabilities | 10/49 | €114,670 | €153,976 | +€39,307 | +34.3% |
| Equity | 10/15 | €68,737 | €109,714 | +€40,977 | +59.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €50,137 | €91,114 | +€40,977 | +81.7% |
| Distributable reserves | 133 | €50,137 | €91,114 | +€40,977 | +81.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €45,932 | €44,262 | -€1,670 | -3.6% |
| Amounts payable after more than one year | 17 | - | €11,048 | +€11,048 | |
| Financial debts | 170/4 | - | €11,048 | +€11,048 | |
| Amounts payable within one year | 42/48 | €45,932 | €33,215 | -€12,718 | -27.7% |
| Current portion of amounts payable after more than one year | 42 | €1,298 | €16,044 | +€14,746 | +1135.7% |
| Financial debts | 43 | €1,102 | €0 | -€1,102 | -100.0% |
| Credit institutions | 430/8 | €1,102 | €0 | -€1,102 | -100.0% |
| Trade debts | 44 | €1,076 | €2,189 | +€1,113 | +103.5% |
| Suppliers | 440/4 | €1,076 | €2,189 | +€1,113 | +103.5% |
| Taxes, remuneration and social security | 45 | €13,397 | €14,149 | +€752 | +5.6% |
| Taxes | 450/3 | €13,397 | €12,104 | -€1,293 | -9.6% |
| Remuneration and social security | 454/9 | - | €2,045 | +€2,045 | |
| Other amounts payable | 47/48 | €29,060 | €833 | -€28,227 | -97.1% |
| Non-recurring operating income | 76A | - | €27,305 | +€27,305 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,130 | €21,248 | -€2,882 | -11.9% |
| Other operating charges | 640/8 | €837 | €189 | -€648 | -77.4% |
| Gross operating margin | 9900 | €47,735 | €82,127 | +€34,392 | +72.0% |
| Operating profit (loss) | 9901 | €22,768 | €60,690 | +€37,921 | +166.6% |
| Financial income | 75/76B | €2 | €0 | -€2 | -99.4% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -99.4% |
| Financial charges | 65/66B | €556 | €1,992 | +€1,436 | +258.2% |
| Recurring financial charges | 65 | €556 | €1,992 | +€1,436 | +258.2% |
| Profit (loss) for the period before taxes | 9903 | €22,214 | €58,698 | +€36,484 | +164.2% |
| Income taxes | 67/77 | €5,788 | €16,888 | +€11,100 | +191.8% |
| Profit (loss) for the period | 9904 | €16,425 | €41,810 | +€25,384 | +154.5% |
| Profit (loss) for the period to be appropriated | 9905 | €16,425 | €41,810 | +€25,384 | +154.5% |
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 4 October 2026 via checked.be.