JAPYMAX: 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.
JAPYMAX
Largest movements
- Cash +€239,980
up €239,980 (+1165.4%), from €20,592 to €260,573
mainly Net result for the year (+€125,648) and Provisions (+€55,052)
- Tangible fixed assets -€81,987
down €81,987 (-10.7%), from €769,335 to €687,348
- Reserves +€125,648
up €125,648 (+65.2%), from €192,678 to €318,327
of which Tax-exempt reserves: +€165,155
- Provisions +€55,052
new in 2025: €55,052
- Debts after one year -€35,015
down €35,015 (-8.0%), from €439,048 to €404,033
of which Financial debts: -€35,015
- Trade debts +€30,305
up €30,305 (+102209.9%), from €30 to €30,335
- Current portion of long-term debt -€23,219
down €23,219 (-43.1%), from €53,933 to €30,713
- Gross operating margin +€186,822
up €186,822 (+255.9%), from €72,993 to €259,815
- Other operating charges +€6,730
up €6,730 (+119.1%), from €5,651 to €12,381
- Depreciation -€4,363
down €4,363 (-10.7%), from €40,687 to €36,324
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 | €856,847 | €1,021,131 | +€164,285 | +19.2% |
| Fixed assets | 21/28 | €833,535 | €751,548 | -€81,987 | -9.8% |
| Tangible fixed assets | 22/27 | €769,335 | €687,348 | -€81,987 | -10.7% |
| Land and buildings | 22 | €769,335 | €687,348 | -€81,987 | -10.7% |
| Financial fixed assets | 28 | €64,200 | €64,200 | = | 0.0% |
| Current assets | 29/58 | €23,312 | €269,583 | +€246,271 | +1056.4% |
| Amounts receivable within one year | 40/41 | €2,000 | €3,000 | +€1,000 | +50.0% |
| Other amounts receivable | 41 | €2,000 | €3,000 | +€1,000 | +50.0% |
| Cash at bank and in hand | 54/58 | €20,592 | €260,573 | +€239,980 | +1165.4% |
| Deferred charges and accrued income | 490/1 | €720 | €6,010 | +€5,291 | +735.1% |
| Total equity and liabilities | 10/49 | €856,847 | €1,021,131 | +€164,285 | +19.2% |
| Equity | 10/15 | €304,231 | €429,879 | +€125,648 | +41.3% |
| Contributions | 10/11 | €111,552 | €111,552 | = | 0.0% |
| Capital | 10 | €111,552 | €111,552 | = | 0.0% |
| Issued capital | 100 | €111,552 | €111,552 | = | 0.0% |
| Reserves | 13 | €192,678 | €318,327 | +€125,648 | +65.2% |
| Non-distributable reserves | 130/1 | €11,155 | €11,155 | = | 0.0% |
| Legal reserve | 130 | €11,155 | €11,155 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €165,155 | +€165,155 | |
| Distributable reserves | 133 | €181,523 | €142,017 | -€39,507 | -21.8% |
| Provisions and deferred taxes | 16 | - | €55,052 | +€55,052 | |
| Deferred taxes | 168 | - | €55,052 | +€55,052 | |
| Amounts payable | 17/49 | €552,616 | €536,201 | -€16,415 | -3.0% |
| Amounts payable after more than one year | 17 | €439,048 | €404,033 | -€35,015 | -8.0% |
| Financial debts | 170/4 | €424,020 | €389,004 | -€35,015 | -8.3% |
| Other amounts payable | 178/9 | €15,028 | €15,028 | = | 0.0% |
| Amounts payable within one year | 42/48 | €94,944 | €112,484 | +€17,540 | +18.5% |
| Current portion of amounts payable after more than one year | 42 | €53,933 | €30,713 | -€23,219 | -43.1% |
| Trade debts | 44 | €30 | €30,335 | +€30,305 | +102209.9% |
| Suppliers | 440/4 | €30 | €30,335 | +€30,305 | +102209.9% |
| Taxes, remuneration and social security | 45 | €7,982 | €8,436 | +€454 | +5.7% |
| Taxes | 450/3 | €7,982 | €8,436 | +€454 | +5.7% |
| Other amounts payable | 47/48 | €33,000 | €43,000 | +€10,000 | +30.3% |
| Accrued charges and deferred income | 492/3 | €18,624 | €19,684 | +€1,060 | +5.7% |
| Non-recurring operating income | 76A | - | €220,206 | +€220,206 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,687 | €36,324 | -€4,363 | -10.7% |
| Other operating charges | 640/8 | €5,651 | €12,381 | +€6,730 | +119.1% |
| Gross operating margin | 9900 | €72,993 | €259,815 | +€186,822 | +255.9% |
| Operating profit (loss) | 9901 | €26,655 | €211,110 | +€184,455 | +692.0% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €32,158 | €30,410 | -€1,748 | -5.4% |
| Recurring financial charges | 65 | €32,158 | €30,410 | -€1,748 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | -€5,503 | €180,700 | +€186,203 | |
| Transfer to deferred taxes | 680 | - | €55,052 | +€55,052 | |
| Income taxes | 67/77 | €180 | €0 | -€180 | -100.0% |
| Profit (loss) for the period | 9904 | -€5,683 | €125,648 | +€131,331 | |
| Transfer to tax-exempt reserves | 689 | - | €165,155 | +€165,155 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,683 | -€39,507 | -€33,823 | -595.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.