JAPPENS: 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.
JAPPENS
Largest movements
- Receivables within one year +€18,655
up €18,655, from €0 to €18,655
of which Other amounts receivable: +€18,655
- Reserves +€74,579
up €74,579 (+18.7%), from €398,444 to €473,023
- Debts after one year -€47,773
down €47,773 (-32.8%), from €145,657 to €97,884
- Other debts -€13,723
down €13,723 (-66.6%), from €20,592 to €6,869
- Tax, wage and social debts +€8,802
up €8,802 (+78.0%), from €11,280 to €20,082
of which Taxes: +€8,802
- Financial charges -€3,039
down €3,039 (-34.1%), from €8,924 to €5,885
- Depreciation +€2,417
up €2,417 (+19.0%), from €12,727 to €15,144
- Gross operating margin +€1,979
up €1,979 (+1.6%), from €126,101 to €128,079
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 | €659,114 | €677,638 | +€18,524 | +2.8% |
| Fixed assets | 21/28 | €555,450 | €559,454 | +€4,004 | +0.7% |
| Tangible fixed assets | 22/27 | €105,000 | €109,004 | +€4,004 | +3.8% |
| Land and buildings | 22 | €105,000 | €92,273 | -€12,727 | -12.1% |
| Furniture and vehicles | 24 | - | €16,731 | +€16,731 | |
| Financial fixed assets | 28 | €450,450 | €450,450 | = | 0.0% |
| Current assets | 29/58 | €103,664 | €118,185 | +€14,521 | +14.0% |
| Amounts receivable within one year | 40/41 | €0 | €18,655 | +€18,655 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | €18,655 | +€18,655 | |
| Current investments | 50/53 | €97,035 | €92,042 | -€4,993 | -5.1% |
| Cash at bank and in hand | 54/58 | €6,013 | €4,686 | -€1,327 | -22.1% |
| Deferred charges and accrued income | 490/1 | €617 | €2,802 | +€2,185 | +354% |
| Total equity and liabilities | 10/49 | €659,114 | €677,638 | +€18,524 | +2.8% |
| Equity | 10/15 | €417,044 | €491,623 | +€74,579 | +17.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €398,444 | €473,023 | +€74,579 | +18.7% |
| Distributable reserves | 133 | €398,444 | €473,023 | +€74,579 | +18.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €242,070 | €186,016 | -€56,055 | -23.2% |
| Amounts payable after more than one year | 17 | €145,657 | €97,884 | -€47,773 | -32.8% |
| Financial debts | 170/4 | €145,657 | €97,884 | -€47,773 | -32.8% |
| Amounts payable within one year | 42/48 | €93,835 | €87,680 | -€6,155 | -6.6% |
| Current portion of amounts payable after more than one year | 42 | €59,998 | €58,703 | -€1,295 | -2.2% |
| Trade debts | 44 | €1,965 | €2,026 | +€61 | +3.1% |
| Suppliers | 440/4 | €1,965 | €2,026 | +€61 | +3.1% |
| Taxes, remuneration and social security | 45 | €11,280 | €20,082 | +€8,802 | +78.0% |
| Taxes | 450/3 | €11,130 | €19,932 | +€8,802 | +79.1% |
| Remuneration and social security | 454/9 | €150 | €150 | = | 0.0% |
| Other amounts payable | 47/48 | €20,592 | €6,869 | -€13,723 | -66.6% |
| Accrued charges and deferred income | 492/3 | €2,579 | €452 | -€2,127 | -82.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,727 | €15,144 | +€2,417 | +19.0% |
| Other operating charges | 640/8 | €2,494 | €2,652 | +€158 | +6.3% |
| Gross operating margin | 9900 | €126,101 | €128,079 | +€1,979 | +1.6% |
| Operating profit (loss) | 9901 | €110,879 | €110,284 | -€595 | -0.5% |
| Financial income | 75/76B | €1,959 | €803 | -€1,156 | -59.0% |
| Recurring financial income | 75 | €1,959 | €803 | -€1,156 | -59.0% |
| Financial charges | 65/66B | €8,924 | €5,885 | -€3,039 | -34.1% |
| Recurring financial charges | 65 | €8,924 | €5,885 | -€3,039 | -34.1% |
| Profit (loss) for the period before taxes | 9903 | €103,915 | €105,202 | +€1,288 | +1.2% |
| Income taxes | 67/77 | €28,988 | €29,791 | +€802 | +2.8% |
| Profit (loss) for the period | 9904 | €74,926 | €75,412 | +€486 | +0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €74,926 | €75,412 | +€486 | +0.6% |
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 27 October 2026 via checked.be.