JASPERS2: 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.
JASPERS2
Largest movements
- Cash +€120,879
up €120,879 (+107.4%), from €112,597 to €233,476
mainly Net result for the year (+€119,777) and Depreciation (+€39,597)
- Tangible fixed assets -€50,884
down €50,884 (-5.7%), from €892,035 to €841,151
of which Land and buildings: -€46,152
- Reserves +€118,977
up €118,977 (+34.3%), from €347,154 to €466,131
- Debts after one year -€42,042
down €42,042 (-6.8%), from €615,714 to €573,671
- Tax, wage and social debts +€18,133
up €18,133 (+274.8%), from €6,598 to €24,731
of which Taxes: +€13,124
- Other debts -€12,099
down €12,099 (-93.8%), from €12,899 to €800
- Gross operating margin +€49,975
up €49,975 (+22.0%), from €226,665 to €276,641
- Staff costs -€32,812
down €32,812 (-33.8%), from €96,978 to €64,167
- Taxes +€18,895
up €18,895 (+92.8%), from €20,368 to €39,263
- Depreciation -€3,262
down €3,262 (-7.6%), from €42,860 to €39,597
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 | €1,048,422 | €1,137,827 | +€89,405 | +8.5% |
| Fixed assets | 21/28 | €896,985 | €846,101 | -€50,884 | -5.7% |
| Tangible fixed assets | 22/27 | €892,035 | €841,151 | -€50,884 | -5.7% |
| Land and buildings | 22 | €879,632 | €833,480 | -€46,152 | -5.2% |
| Plant, machinery and equipment | 23 | €2,680 | €1,804 | -€875 | -32.7% |
| Furniture and vehicles | 24 | €7,410 | €3,930 | -€3,479 | -47.0% |
| Other tangible fixed assets | 26 | €2,314 | €1,936 | -€378 | -16.3% |
| Financial fixed assets | 28 | €4,950 | €4,950 | = | 0.0% |
| Current assets | 29/58 | €151,437 | €291,727 | +€140,290 | +92.6% |
| Amounts receivable within one year | 40/41 | €11,230 | €20,077 | +€8,847 | +78.8% |
| Trade receivables | 40 | €731 | - | -€731 | |
| Other amounts receivable | 41 | €10,498 | €20,077 | +€9,578 | +91.2% |
| Current investments | 50/53 | - | €3,000 | +€3,000 | |
| Cash at bank and in hand | 54/58 | €112,597 | €233,476 | +€120,879 | +107.4% |
| Deferred charges and accrued income | 490/1 | €27,611 | €35,175 | +€7,564 | +27.4% |
| Total equity and liabilities | 10/49 | €1,048,422 | €1,137,827 | +€89,405 | +8.5% |
| Equity | 10/15 | €365,754 | €484,731 | +€118,977 | +32.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €347,154 | €466,131 | +€118,977 | +34.3% |
| Distributable reserves | 133 | €347,154 | €466,131 | +€118,977 | +34.3% |
| Amounts payable | 17/49 | €682,668 | €653,096 | -€29,572 | -4.3% |
| Amounts payable after more than one year | 17 | €615,714 | €573,671 | -€42,042 | -6.8% |
| Financial debts | 170/4 | €615,714 | €573,671 | -€42,042 | -6.8% |
| Amounts payable within one year | 42/48 | €66,220 | €79,067 | +€12,846 | +19.4% |
| Current portion of amounts payable after more than one year | 42 | €41,367 | €42,042 | +€675 | +1.6% |
| Trade debts | 44 | €5,356 | €11,493 | +€6,137 | +114.6% |
| Suppliers | 440/4 | €5,356 | €11,493 | +€6,137 | +114.6% |
| Taxes, remuneration and social security | 45 | €6,598 | €24,731 | +€18,133 | +274.8% |
| Taxes | 450/3 | €183 | €13,307 | +€13,124 | +7189.5% |
| Remuneration and social security | 454/9 | €6,415 | €11,424 | +€5,009 | +78.1% |
| Other amounts payable | 47/48 | €12,899 | €800 | -€12,099 | -93.8% |
| Accrued charges and deferred income | 492/3 | €733 | €358 | -€375 | -51.2% |
| Non-recurring operating income | 76A | €17,672 | €11,145 | -€6,527 | -36.9% |
| Remuneration, social security and pensions | 62 | €96,978 | €64,167 | -€32,812 | -33.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,860 | €39,597 | -€3,262 | -7.6% |
| Other operating charges | 640/8 | €5,511 | €5,868 | +€357 | +6.5% |
| Gross operating margin | 9900 | €226,665 | €276,641 | +€49,975 | +22.0% |
| Operating profit (loss) | 9901 | €81,316 | €167,009 | +€85,693 | +105.4% |
| Financial income | 75/76B | €774 | €3,187 | +€2,412 | +311.6% |
| Recurring financial income | 75 | €774 | €3,187 | +€2,412 | +311.6% |
| Financial charges | 65/66B | €12,826 | €11,156 | -€1,670 | -13.0% |
| Recurring financial charges | 65 | €12,826 | €11,156 | -€1,670 | -13.0% |
| Profit (loss) for the period before taxes | 9903 | €69,265 | €159,040 | +€89,775 | +129.6% |
| Income taxes | 67/77 | €20,368 | €39,263 | +€18,895 | +92.8% |
| Profit (loss) for the period | 9904 | €48,896 | €119,777 | +€70,880 | +145.0% |
| Profit (loss) for the period to be appropriated | 9905 | €48,896 | €119,777 | +€70,880 | +145.0% |
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 8 October 2026 via checked.be.