Jepaso: 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
Jepaso
NACE 01.420, Raising of other cattle and buffaloes
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€98,262
2024 · €81,016+€17,246
Equity
€693,267
2024 · €604,621+€88,645
Cash
€340,598
2024 · €315,751+€24,847
Balance sheet total
€2.8m
2024 · €2.9m-€37,341
Largest movements
Assets
- Tangible fixed assets -€66,376
down €66,376 (-2.7%), from €2.4m to €2.4m
of which Plant, machinery and equipment: -€76,150
Equity and liabilities
- Debts after one year -€103,555
down €103,555 (-5.5%), from €1.9m to €1.8m
- Reserves +€96,596
up €96,596 (+18.3%), from €527,347 to €623,943
- Trade debts -€33,931
down €33,931 (-62.8%), from €54,005 to €20,074
Income statement
- Gross operating margin +€19,920
up €19,920 (+4.7%), from €422,202 to €442,122
- Depreciation -€7,152
down €7,152 (-3.1%), from €232,875 to €225,722
- Taxes +€5,669
up €5,669 (+35.6%), from €15,923 to €21,592
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
€81,016
Gross operating margin
+€19,920
Staff costs
-€1,144
Depreciation
+€7,152
Other operating charges
+€424
Financial income
+€265
Financial charges
-€3,702
Taxes
-€5,669
Result 2025
€98,262
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
+€282,687
Investment
-€152,277
Financing
-€105,564
Cash 2024
€315,751
From operations (derived)
+€282,687
Net result for the year
+€98,262
Depreciation
+€225,722
Receivables within one year
-€9,543
Deferred charges and accrued income
-€1,715
Smaller working-capital items
-€421
Trade debts
-€33,931
Tax, wage and social debts
-€3,888
Other debts
+€8,200
Investment (derived)
-€152,277
Investment in fixed assets (net)
-€152,277
Financing
-€105,564
Debts after one year
-€103,555
Current portion of long-term debt
+€7,608
Contributions, distributions and other
-€9,617
Cash 2025
€340,598
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,850,932 | €2,813,591 | -€37,341 | -1.3% |
| Fixed assets | 21/28 | €2,477,792 | €2,404,346 | -€73,446 | -3.0% |
| Intangible fixed assets | 21 | €29,017 | €21,947 | -€7,070 | -24.4% |
| Tangible fixed assets | 22/27 | €2,447,275 | €2,380,899 | -€66,376 | -2.7% |
| Land and buildings | 22 | €1,741,227 | €1,750,475 | +€9,248 | +0.5% |
| Plant, machinery and equipment | 23 | €705,873 | €629,723 | -€76,150 | -10.8% |
| Furniture and vehicles | 24 | €175 | €701 | +€526 | +300% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €373,141 | €409,245 | +€36,105 | +9.7% |
| Amounts receivable after more than one year | 29 | €40,000 | €40,000 | = | 0.0% |
| Other amounts receivable | 291 | €40,000 | €40,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €10,114 | €19,657 | +€9,543 | +94.4% |
| Trade receivables | 40 | €10,114 | €3,394 | -€6,720 | -66.4% |
| Other amounts receivable | 41 | €0 | €16,263 | +€16,263 | |
| Cash at bank and in hand | 54/58 | €315,751 | €340,598 | +€24,847 | +7.9% |
| Deferred charges and accrued income | 490/1 | €7,275 | €8,990 | +€1,715 | +23.6% |
| Total equity and liabilities | 10/49 | €2,850,932 | €2,813,591 | -€37,341 | -1.3% |
| Equity | 10/15 | €604,621 | €693,267 | +€88,645 | +14.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €527,347 | €623,943 | +€96,596 | +18.3% |
| Distributable reserves | 133 | €527,347 | €623,943 | +€96,596 | +18.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Investment grants | 15 | €71,074 | €63,124 | -€7,951 | -11.2% |
| Provisions and deferred taxes | 16 | €3,741 | €3,322 | -€418 | -11.2% |
| Deferred taxes | 168 | €3,741 | €3,322 | -€418 | -11.2% |
| Amounts payable | 17/49 | €2,242,570 | €2,117,002 | -€125,568 | -5.6% |
| Amounts payable after more than one year | 17 | €1,898,064 | €1,794,509 | -€103,555 | -5.5% |
| Financial debts | 170/4 | €1,898,064 | €1,794,509 | -€103,555 | -5.5% |
| Amounts payable within one year | 42/48 | €344,014 | €322,004 | -€22,011 | -6.4% |
| Current portion of amounts payable after more than one year | 42 | €246,785 | €254,393 | +€7,608 | +3.1% |
| Trade debts | 44 | €54,005 | €20,074 | -€33,931 | -62.8% |
| Suppliers | 440/4 | €54,005 | €20,074 | -€33,931 | -62.8% |
| Taxes, remuneration and social security | 45 | €16,567 | €12,680 | -€3,888 | -23.5% |
| Taxes | 450/3 | €13,222 | €5,801 | -€7,421 | -56.1% |
| Remuneration and social security | 454/9 | €3,345 | €6,879 | +€3,534 | +106% |
| Other amounts payable | 47/48 | €26,657 | €34,857 | +€8,200 | +30.8% |
| Accrued charges and deferred income | 492/3 | €492 | €489 | -€2 | -0.5% |
| Remuneration, social security and pensions | 62 | €42,138 | €43,282 | +€1,144 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €232,875 | €225,722 | -€7,152 | -3.1% |
| Other operating charges | 640/8 | €13,012 | €12,589 | -€424 | -3.3% |
| Gross operating margin | 9900 | €422,202 | €442,122 | +€19,920 | +4.7% |
| Operating profit (loss) | 9901 | €134,177 | €160,529 | +€26,352 | +19.6% |
| Financial income | 75/76B | €8,528 | €8,792 | +€265 | +3.1% |
| Recurring financial income | 75 | €8,528 | €8,792 | +€265 | +3.1% |
| Financial charges | 65/66B | €46,184 | €49,886 | +€3,702 | +8.0% |
| Recurring financial charges | 65 | €46,184 | €49,886 | +€3,702 | +8.0% |
| Profit (loss) for the period before taxes | 9903 | €96,520 | €119,435 | +€22,915 | +23.7% |
| Transfer from deferred taxes | 780 | €418 | €418 | = | 0.0% |
| Income taxes | 67/77 | €15,923 | €21,592 | +€5,669 | +35.6% |
| Profit (loss) for the period | 9904 | €81,016 | €98,262 | +€17,246 | +21.3% |
| Profit (loss) for the period to be appropriated | 9905 | €81,016 | €98,262 | +€17,246 | +21.3% |
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.