JAPO: 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.
JAPO
Largest movements
- Receivables within one year -€112,733
down €112,733 (-25.9%), from €435,742 to €323,010
of which Other amounts receivable: -€280,052
- Tangible fixed assets -€68,731
down €68,731 (-8.9%), from €770,588 to €701,857
of which Furniture and vehicles: -€43,789
- Receivables after one year -€50,000
down €50,000 (-100%), from €50,000 to €0
- Deferred charges and accrued income +€27,081
up €27,081 (+350%), from €7,737 to €34,819
- Cash +€24,608
up €24,608 (+67.0%), from €36,740 to €61,348
mainly Net result for the year (+€395,748) and Other debts (+€149,339)
- Reserves -€284,614
down €284,614 (-39.7%), from €717,337 to €432,723
- Other debts +€149,339
up €149,339 (+36.4%), from €409,897 to €559,236
- Current portion of long-term debt -€51,333
down €51,333 (-58.3%), from €88,000 to €36,667
- Debts after one year -€36,667
down €36,667 (-100%), from €36,667 to €0
- Trade debts +€22,819
up €22,819 (+439%), from €5,193 to €28,012
- Gross operating margin -€14,441
down €14,441 (-2.4%), from €606,843 to €592,402
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 | €1,300,808 | €1,121,034 | -€179,774 | -13.8% |
| Fixed assets | 21/28 | €770,588 | €701,857 | -€68,731 | -8.9% |
| Tangible fixed assets | 22/27 | €770,588 | €701,857 | -€68,731 | -8.9% |
| Land and buildings | 22 | €610,238 | €588,067 | -€22,171 | -3.6% |
| Plant, machinery and equipment | 23 | €4,869 | €2,098 | -€2,771 | -56.9% |
| Furniture and vehicles | 24 | €155,481 | €111,692 | -€43,789 | -28.2% |
| Current assets | 29/58 | €530,220 | €419,177 | -€111,043 | -20.9% |
| Amounts receivable after more than one year | 29 | €50,000 | €0 | -€50,000 | -100% |
| Other amounts receivable | 291 | €50,000 | €0 | -€50,000 | -100% |
| Amounts receivable within one year | 40/41 | €435,742 | €323,010 | -€112,733 | -25.9% |
| Trade receivables | 40 | €155,690 | €323,010 | +€167,319 | +107% |
| Other amounts receivable | 41 | €280,052 | €0 | -€280,052 | -100% |
| Cash at bank and in hand | 54/58 | €36,740 | €61,348 | +€24,608 | +67.0% |
| Deferred charges and accrued income | 490/1 | €7,737 | €34,819 | +€27,081 | +350% |
| Total equity and liabilities | 10/49 | €1,300,808 | €1,121,034 | -€179,774 | -13.8% |
| Equity | 10/15 | €735,887 | €451,273 | -€284,614 | -38.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €717,337 | €432,723 | -€284,614 | -39.7% |
| Distributable reserves | 133 | €717,337 | €432,723 | -€284,614 | -39.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €564,920 | €669,760 | +€104,840 | +18.6% |
| Amounts payable after more than one year | 17 | €36,667 | €0 | -€36,667 | -100% |
| Financial debts | 170/4 | €36,667 | €0 | -€36,667 | -100% |
| Amounts payable within one year | 42/48 | €525,583 | €662,989 | +€137,406 | +26.1% |
| Current portion of amounts payable after more than one year | 42 | €88,000 | €36,667 | -€51,333 | -58.3% |
| Trade debts | 44 | €5,193 | €28,012 | +€22,819 | +439% |
| Suppliers | 440/4 | €5,193 | €28,012 | +€22,819 | +439% |
| Taxes, remuneration and social security | 45 | €22,494 | €39,074 | +€16,581 | +73.7% |
| Taxes | 450/3 | €22,494 | €39,074 | +€16,581 | +73.7% |
| Other amounts payable | 47/48 | €409,897 | €559,236 | +€149,339 | +36.4% |
| Accrued charges and deferred income | 492/3 | €2,670 | €6,772 | +€4,101 | +154% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,975 | €68,731 | -€244 | -0.4% |
| Other operating charges | 640/8 | €1,411 | €1,935 | +€523 | +37.1% |
| Gross operating margin | 9900 | €606,843 | €592,402 | -€14,441 | -2.4% |
| Operating profit (loss) | 9901 | €536,457 | €521,737 | -€14,720 | -2.7% |
| Financial income | 75/76B | €9,522 | €4,803 | -€4,719 | -49.6% |
| Recurring financial income | 75 | €9,522 | €4,803 | -€4,719 | -49.6% |
| Financial charges | 65/66B | €2,436 | €1,412 | -€1,024 | -42.0% |
| Recurring financial charges | 65 | €2,436 | €1,412 | -€1,024 | -42.0% |
| Profit (loss) for the period before taxes | 9903 | €543,543 | €525,128 | -€18,415 | -3.4% |
| Income taxes | 67/77 | €133,646 | €129,380 | -€4,266 | -3.2% |
| Profit (loss) for the period | 9904 | €409,897 | €395,748 | -€14,149 | -3.5% |
| Profit (loss) for the period to be appropriated | 9905 | €409,897 | €395,748 | -€14,149 | -3.5% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.