JASP: 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.
JASP
Largest movements
- Tangible fixed assets +€348,169
up €348,169 (+15.0%), from €2.3m to €2.7m
of which Land and buildings: +€367,186
- Financial fixed assets -€210,000
down €210,000 (-92.5%), from €227,059 to €17,059
- Cash +€48,157
up €48,157 (+33.6%), from €143,347 to €191,505
mainly Net result for the year (+€317,658) and Debts after one year (+€203,149)
- Current investments -€41,458
down €41,458 (-42.6%), from €97,230 to €55,772
- Other debts -€235,140
down €235,140 (-100.0%), from €235,140 to €0
- Debts after one year +€203,149
up €203,149 (+22.4%), from €905,282 to €1.1m
of which Other amounts payable: +€375,213
- Reserves +€136,787
up €136,787 (+8.2%), from €1.7m to €1.8m
of which Distributable reserves: +€170,467
- Depreciation +€46,991
up €46,991 (+40.1%), from €117,172 to €164,164
- Gross operating margin +€40,505
up €40,505 (+6.2%), from €651,382 to €691,887
- Taxes +€15,932
up €15,932 (+9.6%), from €166,177 to €182,110
- Financial charges +€13,502
up €13,502 (+78.0%), from €17,308 to €30,810
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 | €3,142,989 | €3,297,290 | +€154,301 | +4.9% |
| Fixed assets | 21/28 | €2,553,706 | €2,691,875 | +€138,169 | +5.4% |
| Tangible fixed assets | 22/27 | €2,326,647 | €2,674,816 | +€348,169 | +15.0% |
| Land and buildings | 22 | €2,158,875 | €2,526,061 | +€367,186 | +17.0% |
| Plant, machinery and equipment | 23 | €20,610 | €46,958 | +€26,347 | +127.8% |
| Furniture and vehicles | 24 | €136,857 | €101,798 | -€35,058 | -25.6% |
| Other tangible fixed assets | 26 | €10,306 | €0 | -€10,306 | -100.0% |
| Financial fixed assets | 28 | €227,059 | €17,059 | -€210,000 | -92.5% |
| Current assets | 29/58 | €589,283 | €605,415 | +€16,132 | +2.7% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €160,604 | €152,030 | -€8,574 | -5.3% |
| Trade receivables | 40 | €150,294 | €140,113 | -€10,182 | -6.8% |
| Other amounts receivable | 41 | €10,310 | €11,918 | +€1,608 | +15.6% |
| Current investments | 50/53 | €97,230 | €55,772 | -€41,458 | -42.6% |
| Cash at bank and in hand | 54/58 | €143,347 | €191,505 | +€48,157 | +33.6% |
| Deferred charges and accrued income | 490/1 | €188,102 | €206,108 | +€18,007 | +9.6% |
| Total equity and liabilities | 10/49 | €3,142,989 | €3,297,290 | +€154,301 | +4.9% |
| Equity | 10/15 | €1,708,809 | €1,845,596 | +€136,787 | +8.0% |
| Contributions | 10/11 | €37,000 | €37,000 | = | 0.0% |
| Reserves | 13 | €1,671,809 | €1,808,596 | +€136,787 | +8.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €117,880 | €84,200 | -€33,680 | -28.6% |
| Distributable reserves | 133 | €1,553,929 | €1,724,396 | +€170,467 | +11.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,434,180 | €1,451,694 | +€17,514 | +1.2% |
| Amounts payable after more than one year | 17 | €905,282 | €1,108,431 | +€203,149 | +22.4% |
| Financial debts | 170/4 | €905,282 | €733,217 | -€172,065 | -19.0% |
| Other amounts payable | 178/9 | - | €375,213 | +€375,213 | |
| Amounts payable within one year | 42/48 | €528,897 | €341,668 | -€187,230 | -35.4% |
| Current portion of amounts payable after more than one year | 42 | €176,863 | €192,032 | +€15,169 | +8.6% |
| Financial debts | 43 | €67 | €1,633 | +€1,566 | +2339.3% |
| Credit institutions | 430/8 | €67 | €1,633 | +€1,566 | +2339.3% |
| Trade debts | 44 | €77,230 | €101,913 | +€24,683 | +32.0% |
| Suppliers | 440/4 | €77,230 | €101,913 | +€24,683 | +32.0% |
| Taxes, remuneration and social security | 45 | €39,596 | €46,089 | +€6,493 | +16.4% |
| Taxes | 450/3 | €39,596 | €46,089 | +€6,493 | +16.4% |
| Other amounts payable | 47/48 | €235,140 | €0 | -€235,140 | -100.0% |
| Accrued charges and deferred income | 492/3 | €0 | €1,595 | +€1,595 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €117,172 | €164,164 | +€46,991 | +40.1% |
| Other operating charges | 640/8 | €7,563 | €10,168 | +€2,605 | +34.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €651,382 | €691,887 | +€40,505 | +6.2% |
| Operating profit (loss) | 9901 | €526,646 | €517,556 | -€9,091 | -1.7% |
| Financial income | 75/76B | €10,703 | €13,022 | +€2,319 | +21.7% |
| Recurring financial income | 75 | €10,703 | €13,022 | +€2,319 | +21.7% |
| Financial charges | 65/66B | €17,308 | €30,810 | +€13,502 | +78.0% |
| Recurring financial charges | 65 | €17,308 | €30,810 | +€13,502 | +78.0% |
| Profit (loss) for the period before taxes | 9903 | €520,042 | €499,768 | -€20,274 | -3.9% |
| Income taxes | 67/77 | €166,177 | €182,110 | +€15,932 | +9.6% |
| Profit (loss) for the period | 9904 | €353,864 | €317,658 | -€36,206 | -10.2% |
| Transfer from tax-exempt reserves | 789 | €42,100 | €33,680 | -€8,420 | -20.0% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €395,964 | €351,338 | -€44,626 | -11.3% |
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 12 October 2026 via checked.be.