JCPE: 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.
JCPE
Largest movements
- Cash +€23,042
up €23,042 (+73.0%), from €31,563 to €54,605
mainly Depreciation (+€14,098) and Other debts (+€3,905)
- Tangible fixed assets -€12,012
down €12,012 (-5.4%), from €221,358 to €209,347
- Other debts +€3,905
up €3,905 (+3.3%), from €117,706 to €121,610
- Profit (loss) carried forward +€3,781
up €3,781 (+20.9%), from €18,100 to €21,881
- Gross operating margin +€4,930
up €4,930 (+16.2%), from €30,401 to €35,331
- Taxes +€1,346
up €1,346 (+4445.4%), from €30 to €1,376
- Financial charges -€736
down €736 (-8.0%), from €9,186 to €8,449
- Depreciation +€389
up €389 (+2.8%), from €13,709 to €14,098
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 | €281,936 | €293,117 | +€11,180 | +4.0% |
| Fixed assets | 21/28 | €221,358 | €209,347 | -€12,012 | -5.4% |
| Tangible fixed assets | 22/27 | €221,358 | €209,347 | -€12,012 | -5.4% |
| Land and buildings | 22 | €221,358 | €209,347 | -€12,012 | -5.4% |
| Current assets | 29/58 | €60,578 | €83,770 | +€23,192 | +38.3% |
| Amounts receivable within one year | 40/41 | €27,435 | €29,165 | +€1,730 | +6.3% |
| Trade receivables | 40 | - | €1,730 | +€1,730 | |
| Other amounts receivable | 41 | €27,435 | €27,435 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €31,563 | €54,605 | +€23,042 | +73.0% |
| Deferred charges and accrued income | 490/1 | €1,580 | - | -€1,580 | |
| Total equity and liabilities | 10/49 | €281,936 | €293,117 | +€11,180 | +4.0% |
| Equity | 10/15 | €149,960 | €153,740 | +€3,781 | +2.5% |
| Contributions | 10/11 | €115,626 | €115,626 | = | 0.0% |
| Reserves | 13 | €16,233 | €16,233 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,400 | - | -€12,400 | |
| Distributable reserves | 133 | €3,833 | €16,233 | +€12,400 | +323.5% |
| Profit (loss) carried forward | 14 | €18,100 | €21,881 | +€3,781 | +20.9% |
| Amounts payable | 17/49 | €131,977 | €139,376 | +€7,399 | +5.6% |
| Amounts payable within one year | 42/48 | €120,871 | €125,928 | +€5,057 | +4.2% |
| Trade debts | 44 | €3,135 | €2,941 | -€194 | -6.2% |
| Suppliers | 440/4 | €3,135 | €2,941 | -€194 | -6.2% |
| Taxes, remuneration and social security | 45 | €30 | €1,376 | +€1,346 | +4445.4% |
| Taxes | 450/3 | €30 | €1,376 | +€1,346 | +4445.4% |
| Other amounts payable | 47/48 | €117,706 | €121,610 | +€3,905 | +3.3% |
| Accrued charges and deferred income | 492/3 | €11,106 | €13,449 | +€2,343 | +21.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,709 | €14,098 | +€389 | +2.8% |
| Other operating charges | 640/8 | €7,395 | €7,627 | +€232 | +3.1% |
| Gross operating margin | 9900 | €30,401 | €35,331 | +€4,930 | +16.2% |
| Operating profit (loss) | 9901 | €9,297 | €13,606 | +€4,310 | +46.4% |
| Financial charges | 65/66B | €9,186 | €8,449 | -€736 | -8.0% |
| Recurring financial charges | 65 | €9,186 | €8,449 | -€736 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | €111 | €5,157 | +€5,046 | +4541.2% |
| Income taxes | 67/77 | €30 | €1,376 | +€1,346 | +4445.4% |
| Profit (loss) for the period | 9904 | €81 | €3,781 | +€3,700 | +4577.1% |
| Profit (loss) for the period to be appropriated | 9905 | €81 | €3,781 | +€3,700 | +4577.1% |
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 30 September 2026 via checked.be.