JAPI.W: 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.
JAPI.W
Largest movements
- Stocks and contracts -€9,779
down €9,779 (-30.8%), from €31,786 to €22,007
- Cash +€6,645
up €6,645 (+245.0%), from €2,712 to €9,357
mainly Stocks and contracts (+€9,779) and Depreciation (+€8,358)
- Tangible fixed assets -€5,284
down €5,284 (-43.3%), from €12,189 to €6,906
of which Plant, machinery and equipment: -€5,018
- Intangible fixed assets -€1,503
down €1,503 (-22.2%), from €6,774 to €5,271
- Receivables within one year +€1,447
up €1,447 (+123.9%), from €1,167 to €2,615
of which Trade receivables: +€1,744
- Profit (loss) carried forward -€9,587
down €9,587 (-26.3%), from -€36,415 to -€46,002
- Other debts +€1,195
up €1,195 (+1.4%), from €85,561 to €86,756
- Tax, wage and social debts +€752
up €752 (+218.9%), from €344 to €1,096
- Gross operating margin -€3,400
down €3,400, from €2,892 to -€508
- Depreciation -€970
down €970 (-10.4%), from €9,328 to €8,358
- Other operating charges -€124
down €124 (-16.0%), from €771 to €647
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 | €54,794 | €47,063 | -€7,731 | -14.1% |
| Fixed assets | 21/28 | €19,084 | €12,297 | -€6,787 | -35.6% |
| Intangible fixed assets | 21 | €6,774 | €5,271 | -€1,503 | -22.2% |
| Tangible fixed assets | 22/27 | €12,189 | €6,906 | -€5,284 | -43.3% |
| Plant, machinery and equipment | 23 | €11,484 | €6,466 | -€5,018 | -43.7% |
| Furniture and vehicles | 24 | €706 | €440 | -€265 | -37.6% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €35,711 | €34,766 | -€944 | -2.6% |
| Stocks and contracts in progress | 3 | €31,786 | €22,007 | -€9,779 | -30.8% |
| Stocks | 30/36 | €31,786 | €22,007 | -€9,779 | -30.8% |
| Amounts receivable within one year | 40/41 | €1,167 | €2,615 | +€1,447 | +123.9% |
| Trade receivables | 40 | €871 | €2,615 | +€1,744 | +200.2% |
| Other amounts receivable | 41 | €297 | - | -€297 | |
| Cash at bank and in hand | 54/58 | €2,712 | €9,357 | +€6,645 | +245.0% |
| Deferred charges and accrued income | 490/1 | €45 | €788 | +€742 | +1643.3% |
| Total equity and liabilities | 10/49 | €54,794 | €47,063 | -€7,731 | -14.1% |
| Equity | 10/15 | -€31,415 | -€41,002 | -€9,587 | -30.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,415 | -€46,002 | -€9,587 | -26.3% |
| Amounts payable | 17/49 | €86,209 | €88,065 | +€1,856 | +2.2% |
| Amounts payable within one year | 42/48 | €86,209 | €87,915 | +€1,706 | +2.0% |
| Trade debts | 44 | €304 | €63 | -€241 | -79.4% |
| Suppliers | 440/4 | €304 | €63 | -€241 | -79.4% |
| Taxes, remuneration and social security | 45 | €344 | €1,096 | +€752 | +218.9% |
| Taxes | 450/3 | €344 | €1,096 | +€752 | +218.9% |
| Other amounts payable | 47/48 | €85,561 | €86,756 | +€1,195 | +1.4% |
| Accrued charges and deferred income | 492/3 | - | €150 | +€150 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,328 | €8,358 | -€970 | -10.4% |
| Other operating charges | 640/8 | €771 | €647 | -€124 | -16.0% |
| Gross operating margin | 9900 | €2,892 | -€508 | -€3,400 | |
| Operating profit (loss) | 9901 | -€7,206 | -€9,513 | -€2,307 | -32.0% |
| Financial income | 75/76B | €0 | €0 | -€0 | -77.5% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -77.5% |
| Financial charges | 65/66B | €61 | €74 | +€13 | +21.3% |
| Recurring financial charges | 65 | €61 | €74 | +€13 | +21.3% |
| Profit (loss) for the period before taxes | 9903 | -€7,267 | -€9,587 | -€2,320 | -31.9% |
| Profit (loss) for the period | 9904 | -€7,267 | -€9,587 | -€2,320 | -31.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,267 | -€9,587 | -€2,320 | -31.9% |
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 12 October 2026 via checked.be.