JEAPANIC: 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.
What changed
JEAPANIC
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€44,863
2024 · €12,903+€31,960
Equity
€4.0m
2024 · €3.9m+€44,863
Cash
€40,197
2024 · €69,935-€29,738
Balance sheet total
€4.8m
2024 · €4.8m+€16,852
Largest movements
Assets
- Current investments +€141,278
up €141,278 (+15.2%), from €928,494 to €1.1m
- Tangible fixed assets -€108,844
down €108,844 (-2.9%), from €3.8m to €3.7m
of which Land and buildings: -€108,428
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Gross operating margin +€48,791
up €48,791 (+23.6%), from €206,345 to €255,137
- Financial income -€21,264
down €21,264 (-77.0%), from €27,613 to €6,349
- Depreciation -€13,329
down €13,329 (-9.2%), from €144,914 to €131,585
- Taxes +€10,680
up €10,680 (+162%), from €6,602 to €17,282
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.
Result 2024
€12,903
Gross operating margin
+€48,791
Staff costs
+€1,208
Depreciation
+€13,329
Other operating charges
-€858
Financial income
-€21,264
Financial charges
+€1,434
Taxes
-€10,680
Result 2025
€44,863
raises the resultlowers the result
Derived cash bridge
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.
From operations
+€180,548
Investment
-€164,020
Financing
-€46,266
Cash 2024
€69,935
From operations (derived)
+€180,548
Net result for the year
+€44,863
Depreciation
+€131,585
Receivables within one year
-€14,212
Deferred charges and accrued income
+€57
Trade debts
+€1,578
Tax, wage and social debts
+€639
Other debts
-€3,515
Accrued charges and deferred income
+€19,553
Investment (derived)
-€164,020
Investment in fixed assets (net)
-€22,741
Current investments
-€141,278
Financing
-€46,266
Debts after one year
-€29,600
Current portion of long-term debt
-€16,666
Cash 2025
€40,197
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,786,121 | €4,802,973 | +€16,852 | +0.4% |
| Fixed assets | 21/28 | €3,762,266 | €3,653,422 | -€108,844 | -2.9% |
| Tangible fixed assets | 22/27 | €3,762,266 | €3,653,422 | -€108,844 | -2.9% |
| Land and buildings | 22 | €3,761,524 | €3,653,096 | -€108,428 | -2.9% |
| Plant, machinery and equipment | 23 | €743 | €326 | -€416 | -56.1% |
| Current assets | 29/58 | €1,023,854 | €1,149,551 | +€125,696 | +12.3% |
| Amounts receivable within one year | 40/41 | €21,135 | €35,348 | +€14,212 | +67.2% |
| Other amounts receivable | 41 | €21,135 | €35,348 | +€14,212 | +67.2% |
| Current investments | 50/53 | €928,494 | €1,069,772 | +€141,278 | +15.2% |
| Cash at bank and in hand | 54/58 | €69,935 | €40,197 | -€29,738 | -42.5% |
| Deferred charges and accrued income | 490/1 | €4,290 | €4,233 | -€57 | -1.3% |
| Total equity and liabilities | 10/49 | €4,786,121 | €4,802,973 | +€16,852 | +0.4% |
| Equity | 10/15 | €3,918,106 | €3,962,969 | +€44,863 | +1.1% |
| Contributions | 10/11 | €1,847,836 | €1,847,836 | = | 0.0% |
| Capital | 10 | €1,847,836 | €1,847,836 | = | 0.0% |
| Issued capital | 100 | €1,847,836 | €1,847,836 | = | 0.0% |
| Reserves | 13 | €1,889,384 | €1,934,184 | +€44,800 | +2.4% |
| Non-distributable reserves | 130/1 | €184,784 | €184,784 | = | 0.0% |
| Legal reserve | 130 | €184,784 | €184,784 | = | 0.0% |
| Distributable reserves | 133 | €1,704,600 | €1,749,400 | +€44,800 | +2.6% |
| Profit (loss) carried forward | 14 | €180,886 | €180,949 | +€63 | 0.0% |
| Amounts payable | 17/49 | €868,015 | €840,004 | -€28,011 | -3.2% |
| Amounts payable after more than one year | 17 | €806,091 | €776,491 | -€29,600 | -3.7% |
| Financial debts | 170/4 | €805,641 | €776,041 | -€29,600 | -3.7% |
| Other amounts payable | 178/9 | €450 | €450 | = | 0.0% |
| Amounts payable within one year | 42/48 | €60,020 | €42,056 | -€17,964 | -29.9% |
| Current portion of amounts payable after more than one year | 42 | €46,266 | €29,600 | -€16,666 | -36.0% |
| Trade debts | 44 | €1,178 | €2,756 | +€1,578 | +134% |
| Suppliers | 440/4 | €1,178 | €2,756 | +€1,578 | +134% |
| Taxes, remuneration and social security | 45 | €9,061 | €9,700 | +€639 | +7.1% |
| Taxes | 450/3 | €9,058 | €9,700 | +€642 | +7.1% |
| Remuneration and social security | 454/9 | €3 | €0 | -€3 | -100% |
| Other amounts payable | 47/48 | €3,515 | €0 | -€3,515 | -100% |
| Accrued charges and deferred income | 492/3 | €1,904 | €21,457 | +€19,553 | +1,027% |
| Remuneration, social security and pensions | 62 | €4,476 | €3,269 | -€1,208 | -27.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €144,914 | €131,585 | -€13,329 | -9.2% |
| Other operating charges | 640/8 | €30,931 | €31,789 | +€858 | +2.8% |
| Gross operating margin | 9900 | €206,345 | €255,137 | +€48,791 | +23.6% |
| Operating profit (loss) | 9901 | €26,024 | €88,494 | +€62,470 | +240% |
| Financial income | 75/76B | €27,613 | €6,349 | -€21,264 | -77.0% |
| Recurring financial income | 75 | €27,613 | €6,349 | -€21,264 | -77.0% |
| Financial charges | 65/66B | €34,132 | €32,698 | -€1,434 | -4.2% |
| Recurring financial charges | 65 | €34,132 | €32,698 | -€1,434 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | €19,505 | €62,145 | +€42,640 | +219% |
| Income taxes | 67/77 | €6,602 | €17,282 | +€10,680 | +162% |
| Profit (loss) for the period | 9904 | €12,903 | €44,863 | +€31,960 | +248% |
| Profit (loss) for the period to be appropriated | 9905 | €12,903 | €44,863 | +€31,960 | +248% |
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 18 October 2026 via checked.be.