JAPPELOUP: 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.
JAPPELOUP
Largest movements
- Current investments -€324,068
down €324,068 (-69.5%), from €466,378 to €142,310
- Tangible fixed assets -€30,207
down €30,207 (-3.7%), from €825,441 to €795,234
of which Land and buildings: -€43,439
- Receivables within one year +€21,194
up €21,194 (+45.2%), from €46,878 to €68,072
of which Other amounts receivable: +€19,773
- Reserves -€369,748
down €369,748 (-36.2%), from €1.0m to €650,371
of which Distributable reserves: -€369,748
- Other debts +€61,115
up €61,115 (+8184.0%), from €747 to €61,862
- Debts after one year -€20,433
down €20,433 (-5.6%), from €368,115 to €347,681
- Gross operating margin -€25,258
down €25,258 (-11.7%), from €215,305 to €190,047
- Financial income +€4,662
up €4,662 (+339.0%), from €1,375 to €6,037
- Taxes -€4,661
down €4,661 (-11.8%), from €39,394 to €34,733
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 | €1,491,880 | €1,165,661 | -€326,218 | -21.9% |
| Fixed assets | 21/28 | €825,441 | €795,234 | -€30,207 | -3.7% |
| Tangible fixed assets | 22/27 | €825,441 | €795,234 | -€30,207 | -3.7% |
| Land and buildings | 22 | €744,391 | €700,952 | -€43,439 | -5.8% |
| Plant, machinery and equipment | 23 | €1,352 | €3,519 | +€2,167 | +160.3% |
| Furniture and vehicles | 24 | €5,431 | €2,947 | -€2,483 | -45.7% |
| Other tangible fixed assets | 26 | €74,268 | €87,817 | +€13,548 | +18.2% |
| Current assets | 29/58 | €666,438 | €370,427 | -€296,011 | -44.4% |
| Amounts receivable within one year | 40/41 | €46,878 | €68,072 | +€21,194 | +45.2% |
| Trade receivables | 40 | €28,738 | €30,159 | +€1,421 | +4.9% |
| Other amounts receivable | 41 | €18,141 | €37,914 | +€19,773 | +109.0% |
| Current investments | 50/53 | €466,378 | €142,310 | -€324,068 | -69.5% |
| Cash at bank and in hand | 54/58 | €143,654 | €150,460 | +€6,806 | +4.7% |
| Deferred charges and accrued income | 490/1 | €9,528 | €9,585 | +€57 | +0.6% |
| Total equity and liabilities | 10/49 | €1,491,880 | €1,165,661 | -€326,218 | -21.9% |
| Equity | 10/15 | €1,080,119 | €710,371 | -€369,748 | -34.2% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €1,020,119 | €650,371 | -€369,748 | -36.2% |
| Non-distributable reserves | 130/1 | €6,000 | €6,000 | = | 0.0% |
| Other | 1319 | €6,000 | €6,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,427 | €9,427 | = | 0.0% |
| Distributable reserves | 133 | €1,004,692 | €634,944 | -€369,748 | -36.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €411,761 | €455,291 | +€43,530 | +10.6% |
| Amounts payable after more than one year | 17 | €368,115 | €347,681 | -€20,433 | -5.6% |
| Financial debts | 170/4 | €368,115 | €347,681 | -€20,433 | -5.6% |
| Amounts payable within one year | 42/48 | €43,646 | €107,609 | +€63,963 | +146.5% |
| Current portion of amounts payable after more than one year | 42 | €20,158 | €20,433 | +€276 | +1.4% |
| Financial debts | 43 | €810 | €1,221 | +€411 | +50.7% |
| Credit institutions | 430/8 | €810 | €1,221 | +€411 | +50.7% |
| Trade debts | 44 | €6,610 | €7,657 | +€1,047 | +15.8% |
| Suppliers | 440/4 | €6,610 | €7,657 | +€1,047 | +15.8% |
| Taxes, remuneration and social security | 45 | €15,322 | €16,437 | +€1,115 | +7.3% |
| Taxes | 450/3 | €15,322 | €16,437 | +€1,115 | +7.3% |
| Other amounts payable | 47/48 | €747 | €61,862 | +€61,115 | +8184.0% |
| Non-recurring operating income | 76A | - | €19,000 | +€19,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,422 | €73,151 | -€1,271 | -1.7% |
| Other operating charges | 640/8 | €7,625 | €8,421 | +€797 | +10.4% |
| Gross operating margin | 9900 | €215,305 | €190,047 | -€25,258 | -11.7% |
| Operating profit (loss) | 9901 | €133,259 | €108,475 | -€24,784 | -18.6% |
| Financial income | 75/76B | €1,375 | €6,037 | +€4,662 | +339.0% |
| Recurring financial income | 75 | €1,375 | €6,037 | +€4,662 | +339.0% |
| Financial charges | 65/66B | €9,762 | €8,145 | -€1,618 | -16.6% |
| Recurring financial charges | 65 | €9,762 | €8,145 | -€1,618 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | €124,871 | €106,367 | -€18,504 | -14.8% |
| Income taxes | 67/77 | €39,394 | €34,733 | -€4,661 | -11.8% |
| Profit (loss) for the period | 9904 | €85,477 | €71,634 | -€13,843 | -16.2% |
| Profit (loss) for the period to be appropriated | 9905 | €85,477 | €71,634 | -€13,843 | -16.2% |
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 10 October 2026 via checked.be.