JCPM: 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.
JCPM
Largest movements
- Tangible fixed assets -€31,654
down €31,654 (-12.4%), from €255,403 to €223,749
of which Plant, machinery and equipment: -€30,032
- Stocks and contracts -€23,486
down €23,486 (-24.7%), from €94,966 to €71,480
- Receivables within one year +€23,283
up €23,283 (+20.7%), from €112,430 to €135,714
of which Trade receivables: +€22,498
- Debts after one year -€37,867
down €37,867 (-9.5%), from €400,454 to €362,586
of which Financial debts: -€37,957
- Trade debts +€6,402
up €6,402 (+61.9%), from €10,341 to €16,743
- Tax, wage and social debts +€4,825
up €4,825 (+105.6%), from €4,568 to €9,393
of which Taxes: +€4,662
- Depreciation -€8,517
down €8,517 (-15.0%), from €56,756 to €48,239
- Financial charges +€4,500
up €4,500 (+108.1%), from €4,164 to €8,664
- Staff costs +€2,619
up €2,619 (+8.6%), from €30,541 to €33,160
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 | €470,855 | €442,946 | -€27,910 | -5.9% |
| Fixed assets | 21/28 | €255,403 | €223,749 | -€31,654 | -12.4% |
| Tangible fixed assets | 22/27 | €255,403 | €223,749 | -€31,654 | -12.4% |
| Plant, machinery and equipment | 23 | €253,781 | €223,749 | -€30,032 | -11.8% |
| Furniture and vehicles | 24 | €1,622 | - | -€1,622 | |
| Current assets | 29/58 | €215,452 | €219,197 | +€3,745 | +1.7% |
| Stocks and contracts in progress | 3 | €94,966 | €71,480 | -€23,486 | -24.7% |
| Stocks | 30/36 | €94,966 | €71,480 | -€23,486 | -24.7% |
| Amounts receivable within one year | 40/41 | €112,430 | €135,714 | +€23,283 | +20.7% |
| Trade receivables | 40 | €103,268 | €125,766 | +€22,498 | +21.8% |
| Other amounts receivable | 41 | €9,162 | €9,948 | +€786 | +8.6% |
| Cash at bank and in hand | 54/58 | €8,056 | €11,875 | +€3,818 | +47.4% |
| Deferred charges and accrued income | 490/1 | - | €129 | +€129 | |
| Total equity and liabilities | 10/49 | €470,855 | €442,946 | -€27,910 | -5.9% |
| Equity | 10/15 | €8,160 | €9,578 | +€1,418 | +17.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €550 | €550 | = | 0.0% |
| Non-distributable reserves | 130/1 | €550 | €550 | = | 0.0% |
| Reserves not available under the articles | 1311 | €550 | €550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,410 | €2,828 | +€1,418 | +100.6% |
| Amounts payable | 17/49 | €462,696 | €433,368 | -€29,328 | -6.3% |
| Amounts payable after more than one year | 17 | €400,454 | €362,586 | -€37,867 | -9.5% |
| Financial debts | 170/4 | €215,021 | €177,063 | -€37,957 | -17.7% |
| Other amounts payable | 178/9 | €185,433 | €185,523 | +€90 | 0.0% |
| Amounts payable within one year | 42/48 | €62,242 | €70,498 | +€8,256 | +13.3% |
| Current portion of amounts payable after more than one year | 42 | €47,333 | €44,361 | -€2,971 | -6.3% |
| Trade debts | 44 | €10,341 | €16,743 | +€6,402 | +61.9% |
| Suppliers | 440/4 | €10,341 | €16,743 | +€6,402 | +61.9% |
| Taxes, remuneration and social security | 45 | €4,568 | €9,393 | +€4,825 | +105.6% |
| Taxes | 450/3 | €238 | €4,900 | +€4,662 | +1957.7% |
| Remuneration and social security | 454/9 | €4,330 | €4,493 | +€163 | +3.8% |
| Accrued charges and deferred income | 492/3 | - | €284 | +€284 | |
| Remuneration, social security and pensions | 62 | €30,541 | €33,160 | +€2,619 | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,756 | €48,239 | -€8,517 | -15.0% |
| Other operating charges | 640/8 | €524 | €506 | -€18 | -3.4% |
| Gross operating margin | 9900 | €91,896 | €91,987 | +€91 | +0.1% |
| Operating profit (loss) | 9901 | €4,076 | €10,082 | +€6,006 | +147.4% |
| Financial income | 75/76B | €280 | €0 | -€280 | -100.0% |
| Recurring financial income | 75 | €280 | €0 | -€280 | -100.0% |
| Financial charges | 65/66B | €4,164 | €8,664 | +€4,500 | +108.1% |
| Recurring financial charges | 65 | €4,164 | €8,664 | +€4,500 | +108.1% |
| Profit (loss) for the period before taxes | 9903 | €192 | €1,418 | +€1,226 | +639.0% |
| Profit (loss) for the period | 9904 | €192 | €1,418 | +€1,226 | +639.0% |
| Profit (loss) for the period to be appropriated | 9905 | €192 | €1,418 | +€1,226 | +639.0% |
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 4 October 2026 via checked.be.