JASPA: 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.
JASPA
Largest movements
- Receivables within one year +€2,391
up €2,391 (+3.7%), from €65,265 to €67,656
of which Other amounts receivable: +€2,755
- Cash -€1,967
down €1,967 (-13.2%), from €14,851 to €12,885
mainly Contributions, distributions and other (-€20,500) and Investment in fixed assets (net) (-€7,817)
- Reserves +€6,899
up €6,899 (+7.9%), from €86,840 to €93,740
of which Distributable reserves: +€6,899
- Debts after one year -€5,486
no longer reported in 2025 (was €5,486)
- Current portion of long-term debt -€3,715
down €3,715 (-37.0%), from €10,049 to €6,334
- Tax, wage and social debts +€2,460
up €2,460 (+152.2%), from €1,616 to €4,076
- Trade debts -€1,404
down €1,404 (-12.3%), from €11,417 to €10,013
- Gross operating margin +€10,115
up €10,115 (+35.4%), from €28,597 to €38,713
- Taxes +€2,236
up €2,236 (+101.2%), from €2,210 to €4,446
- Depreciation +€792
up €792 (+9.7%), from €8,201 to €8,993
- Financial income -€516
down €516 (-8.4%), from €6,120 to €5,604
- Other operating charges -€418
down €418 (-25.0%), from €1,671 to €1,253
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 | €121,608 | €120,362 | -€1,246 | -1.0% |
| Fixed assets | 21/28 | €37,904 | €36,728 | -€1,176 | -3.1% |
| Tangible fixed assets | 22/27 | €37,654 | €36,478 | -€1,176 | -3.1% |
| Plant, machinery and equipment | 23 | €4,821 | €2,989 | -€1,831 | -38.0% |
| Furniture and vehicles | 24 | €2,418 | €8,522 | +€6,103 | +252.4% |
| Other tangible fixed assets | 26 | €30,415 | €24,968 | -€5,447 | -17.9% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €83,704 | €83,634 | -€71 | -0.1% |
| Stocks and contracts in progress | 3 | €2,002 | €1,463 | -€538 | -26.9% |
| Stocks | 30/36 | €2,002 | €1,463 | -€538 | -26.9% |
| Amounts receivable within one year | 40/41 | €65,265 | €67,656 | +€2,391 | +3.7% |
| Trade receivables | 40 | €1,415 | €1,051 | -€364 | -25.8% |
| Other amounts receivable | 41 | €63,850 | €66,605 | +€2,755 | +4.3% |
| Cash at bank and in hand | 54/58 | €14,851 | €12,885 | -€1,967 | -13.2% |
| Deferred charges and accrued income | 490/1 | €1,586 | €1,630 | +€44 | +2.8% |
| Total equity and liabilities | 10/49 | €121,608 | €120,362 | -€1,246 | -1.0% |
| Equity | 10/15 | €93,040 | €99,940 | +€6,899 | +7.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €86,840 | €93,740 | +€6,899 | +7.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €14,500 | €14,500 | = | 0.0% |
| Distributable reserves | 133 | €70,480 | €77,380 | +€6,899 | +9.8% |
| Amounts payable | 17/49 | €28,568 | €20,423 | -€8,145 | -28.5% |
| Amounts payable after more than one year | 17 | €5,486 | - | -€5,486 | |
| Financial debts | 170/4 | €5,486 | - | -€5,486 | |
| Amounts payable within one year | 42/48 | €23,082 | €20,423 | -€2,660 | -11.5% |
| Current portion of amounts payable after more than one year | 42 | €10,049 | €6,334 | -€3,715 | -37.0% |
| Trade debts | 44 | €11,417 | €10,013 | -€1,404 | -12.3% |
| Suppliers | 440/4 | €11,417 | €10,013 | -€1,404 | -12.3% |
| Taxes, remuneration and social security | 45 | €1,616 | €4,076 | +€2,460 | +152.2% |
| Taxes | 450/3 | €1,616 | €4,076 | +€2,460 | +152.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,201 | €8,993 | +€792 | +9.7% |
| Other operating charges | 640/8 | €1,671 | €1,253 | -€418 | -25.0% |
| Gross operating margin | 9900 | €28,597 | €38,713 | +€10,115 | +35.4% |
| Operating profit (loss) | 9901 | €18,725 | €28,467 | +€9,742 | +52.0% |
| Financial income | 75/76B | €6,120 | €5,604 | -€516 | -8.4% |
| Recurring financial income | 75 | €6,120 | €5,604 | -€516 | -8.4% |
| Financial charges | 65/66B | €2,342 | €2,225 | -€118 | -5.0% |
| Recurring financial charges | 65 | €2,342 | €2,225 | -€118 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | €22,502 | €31,846 | +€9,344 | +41.5% |
| Income taxes | 67/77 | €2,210 | €4,446 | +€2,236 | +101.2% |
| Profit (loss) for the period | 9904 | €20,292 | €27,399 | +€7,107 | +35.0% |
| Profit (loss) for the period to be appropriated | 9905 | €20,292 | €27,399 | +€7,107 | +35.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.