JAPILOBO: 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.
JAPILOBO
Largest movements
- Tangible fixed assets -€33,386
down €33,386 (-3.3%), from €1.0m to €969,254
of which Land and buildings: -€25,400
- Receivables within one year +€19,665
up €19,665 (+16.7%), from €117,683 to €137,348
of which Other amounts receivable: +€12,642
- Debts after one year -€61,638
down €61,638 (-12.7%), from €484,499 to €422,862
- Reserves +€21,757
up €21,757 (+17.3%), from €125,992 to €147,749
of which Distributable reserves: +€20,669
- Gross operating margin -€7,239
down €7,239 (-8.6%), from €84,479 to €77,240
- Financial charges -€5,108
down €5,108 (-26.9%), from €18,973 to €13,865
- Taxes +€3,952
up €3,952 (+108.6%), from €3,640 to €7,592
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 | €1,120,362 | €1,106,603 | -€13,759 | -1.2% |
| Fixed assets | 21/28 | €1,002,640 | €969,254 | -€33,386 | -3.3% |
| Tangible fixed assets | 22/27 | €1,002,640 | €969,254 | -€33,386 | -3.3% |
| Land and buildings | 22 | €943,012 | €917,612 | -€25,400 | -2.7% |
| Plant, machinery and equipment | 23 | €59,298 | €51,642 | -€7,656 | -12.9% |
| Furniture and vehicles | 24 | €330 | €0 | -€330 | -100.0% |
| Current assets | 29/58 | €117,722 | €137,349 | +€19,627 | +16.7% |
| Amounts receivable within one year | 40/41 | €117,683 | €137,348 | +€19,665 | +16.7% |
| Trade receivables | 40 | - | €7,023 | +€7,023 | |
| Other amounts receivable | 41 | €117,683 | €130,325 | +€12,642 | +10.7% |
| Cash at bank and in hand | 54/58 | €39 | €0 | -€38 | -99.2% |
| Total equity and liabilities | 10/49 | €1,120,362 | €1,106,603 | -€13,759 | -1.2% |
| Equity | 10/15 | €428,392 | €449,249 | +€20,857 | +4.9% |
| Contributions | 10/11 | €297,000 | €297,000 | = | 0.0% |
| Capital | 10 | €297,000 | €297,000 | = | 0.0% |
| Issued capital | 100 | €297,000 | €297,000 | = | 0.0% |
| Reserves | 13 | €125,992 | €147,749 | +€21,757 | +17.3% |
| Non-distributable reserves | 130/1 | €1,005 | €2,093 | +€1,088 | +108.2% |
| Legal reserve | 130 | €1,005 | €2,093 | +€1,088 | +108.2% |
| Distributable reserves | 133 | €124,987 | €145,656 | +€20,669 | +16.5% |
| Investment grants | 15 | €5,400 | €4,500 | -€900 | -16.7% |
| Amounts payable | 17/49 | €691,970 | €657,354 | -€34,616 | -5.0% |
| Amounts payable after more than one year | 17 | €484,499 | €422,862 | -€61,638 | -12.7% |
| Financial debts | 170/4 | €484,499 | €422,862 | -€61,638 | -12.7% |
| Amounts payable within one year | 42/48 | €207,471 | €234,492 | +€27,022 | +13.0% |
| Current portion of amounts payable after more than one year | 42 | €61,638 | €61,638 | = | 0.0% |
| Financial debts | 43 | €91,000 | €97,643 | +€6,643 | +7.3% |
| Credit institutions | 430/8 | €91,000 | €97,643 | +€6,643 | +7.3% |
| Trade debts | 44 | €17,347 | €24,220 | +€6,872 | +39.6% |
| Suppliers | 440/4 | €17,347 | €24,220 | +€6,872 | +39.6% |
| Taxes, remuneration and social security | 45 | €4,238 | €11,808 | +€7,569 | +178.6% |
| Taxes | 450/3 | €4,238 | €11,808 | +€7,569 | +178.6% |
| Other amounts payable | 47/48 | €33,247 | €39,184 | +€5,937 | +17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,383 | €33,386 | +€3 | 0.0% |
| Other operating charges | 640/8 | €1,514 | €1,540 | +€26 | +1.7% |
| Gross operating margin | 9900 | €84,479 | €77,240 | -€7,239 | -8.6% |
| Operating profit (loss) | 9901 | €49,582 | €42,314 | -€7,268 | -14.7% |
| Financial income | 75/76B | €900 | €900 | +€0 | 0.0% |
| Recurring financial income | 75 | €900 | €900 | +€0 | 0.0% |
| Financial charges | 65/66B | €18,973 | €13,865 | -€5,108 | -26.9% |
| Recurring financial charges | 65 | €18,973 | €13,865 | -€5,108 | -26.9% |
| Profit (loss) for the period before taxes | 9903 | €31,509 | €29,349 | -€2,160 | -6.9% |
| Income taxes | 67/77 | €3,640 | €7,592 | +€3,952 | +108.6% |
| Profit (loss) for the period | 9904 | €27,869 | €21,757 | -€6,113 | -21.9% |
| Profit (loss) for the period to be appropriated | 9905 | €27,869 | €21,757 | -€6,113 | -21.9% |
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 6 October 2026 via checked.be.