JAPHAR: 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.
JAPHAR
Largest movements
- Receivables within one year +€14,736
up €14,736 (+36.8%), from €40,019 to €54,755
of which Trade receivables: +€10,639
- Cash +€12,575
up €12,575 (+18.2%), from €69,038 to €81,612
mainly Other debts (+€184,781) and Net result for the year (+€76,048)
- Other debts +€184,781
up €184,781 (+1,708%), from €10,817 to €195,597
- Reserves -€143,952
down €143,952 (-92.0%), from €156,415 to €12,463
- Debts after one year -€22,000
down €22,000 (-12.6%), from €175,000 to €153,000
- Trade debts +€5,009
up €5,009 (+1,419%), from €353 to €5,362
- Gross operating margin +€38,027
up €38,027 (+57.1%), from €66,616 to €104,643
- Taxes +€9,407
up €9,407 (+56.6%), from €16,610 to €26,017
- Depreciation -€2,000
down €2,000 (-100%), from €2,000 to €0
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 | €380,243 | €405,336 | +€25,093 | +6.6% |
| Fixed assets | 21/28 | €270,865 | €268,865 | -€2,000 | -0.7% |
| Tangible fixed assets | 22/27 | €2,000 | €0 | -€2,000 | -100% |
| Furniture and vehicles | 24 | €2,000 | €0 | -€2,000 | -100% |
| Financial fixed assets | 28 | €268,865 | €268,865 | = | 0.0% |
| Current assets | 29/58 | €109,378 | €136,470 | +€27,092 | +24.8% |
| Amounts receivable within one year | 40/41 | €40,019 | €54,755 | +€14,736 | +36.8% |
| Trade receivables | 40 | - | €10,639 | +€10,639 | |
| Other amounts receivable | 41 | €40,019 | €44,116 | +€4,097 | +10.2% |
| Cash at bank and in hand | 54/58 | €69,038 | €81,612 | +€12,575 | +18.2% |
| Deferred charges and accrued income | 490/1 | €321 | €103 | -€218 | -68.0% |
| Total equity and liabilities | 10/49 | €380,243 | €405,336 | +€25,093 | +6.6% |
| Equity | 10/15 | €161,415 | €17,463 | -€143,952 | -89.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €156,415 | €12,463 | -€143,952 | -92.0% |
| Distributable reserves | 133 | €156,415 | €12,463 | -€143,952 | -92.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €218,828 | €387,873 | +€169,045 | +77.3% |
| Amounts payable after more than one year | 17 | €175,000 | €153,000 | -€22,000 | -12.6% |
| Financial debts | 170/4 | €175,000 | €153,000 | -€22,000 | -12.6% |
| Amounts payable within one year | 42/48 | €41,061 | €233,601 | +€192,540 | +469% |
| Current portion of amounts payable after more than one year | 42 | €22,000 | €22,000 | = | 0.0% |
| Trade debts | 44 | €353 | €5,362 | +€5,009 | +1,419% |
| Suppliers | 440/4 | €353 | €5,362 | +€5,009 | +1,419% |
| Taxes, remuneration and social security | 45 | €7,892 | €10,641 | +€2,750 | +34.8% |
| Taxes | 450/3 | €7,892 | €9,280 | +€1,388 | +17.6% |
| Remuneration and social security | 454/9 | - | €1,362 | +€1,362 | |
| Other amounts payable | 47/48 | €10,817 | €195,597 | +€184,781 | +1,708% |
| Accrued charges and deferred income | 492/3 | €2,767 | €1,272 | -€1,495 | -54.0% |
| Non-recurring operating income | 76A | - | €5,231 | +€5,231 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,000 | €0 | -€2,000 | -100% |
| Other operating charges | 640/8 | €754 | €804 | +€50 | +6.6% |
| Gross operating margin | 9900 | €66,616 | €104,643 | +€38,027 | +57.1% |
| Operating profit (loss) | 9901 | €63,862 | €103,839 | +€39,978 | +62.6% |
| Financial income | 75/76B | €1,244 | €1,171 | -€73 | -5.9% |
| Recurring financial income | 75 | €1,244 | €1,171 | -€73 | -5.9% |
| Financial charges | 65/66B | €2,609 | €2,945 | +€336 | +12.9% |
| Recurring financial charges | 65 | €2,609 | €2,945 | +€336 | +12.9% |
| Profit (loss) for the period before taxes | 9903 | €62,496 | €102,065 | +€39,569 | +63.3% |
| Income taxes | 67/77 | €16,610 | €26,017 | +€9,407 | +56.6% |
| Profit (loss) for the period | 9904 | €45,886 | €76,048 | +€30,162 | +65.7% |
| Profit (loss) for the period to be appropriated | 9905 | €45,886 | €76,048 | +€30,162 | +65.7% |
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 28 October 2026 via checked.be.