JEPATROC: 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.
JEPATROC
Largest movements
- Current investments +€500,000
up €500,000 (+66.7%), from €750,000 to €1.3m
- Financial fixed assets -€237,000
down €237,000 (-23.9%), from €991,836 to €754,836
- Tangible fixed assets -€219,981
down €219,981 (-14.9%), from €1.5m to €1.3m
of which Land and buildings: -€137,567
- Deferred charges and accrued income +€68,812
up €68,812 (+265%), from €25,919 to €94,731
- Receivables within one year -€65,800
down €65,800 (-13.5%), from €485,724 to €419,923
of which Trade receivables: -€34,568
No liability line moved by more than 1% of the balance sheet total.
- Financial charges +€236,987
up €236,987 (+549,472%), from €43 to €237,030
of which Non-recurring financial charges: +€237,000
- Gross operating margin -€43,165
down €43,165 (-4.2%), from €1.0m to €985,244
- Taxes -€39,569
down €39,569 (-34.1%), from €115,919 to €76,350
- Staff costs +€29,928
up €29,928 (+6.5%), from €459,921 to €489,848
- Financial income +€19,088
up €19,088 (+17.7%), from €107,841 to €126,929
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,306,556 | €4,324,302 | +€17,746 | +0.4% |
| Fixed assets | 21/28 | €2,467,435 | €2,010,454 | -€456,981 | -18.5% |
| Tangible fixed assets | 22/27 | €1,475,599 | €1,255,618 | -€219,981 | -14.9% |
| Land and buildings | 22 | €1,256,156 | €1,118,589 | -€137,567 | -11.0% |
| Plant, machinery and equipment | 23 | €74,679 | €51,622 | -€23,057 | -30.9% |
| Furniture and vehicles | 24 | €144,764 | €85,406 | -€59,358 | -41.0% |
| Financial fixed assets | 28 | €991,836 | €754,836 | -€237,000 | -23.9% |
| Current assets | 29/58 | €1,839,121 | €2,313,848 | +€474,728 | +25.8% |
| Amounts receivable within one year | 40/41 | €485,724 | €419,923 | -€65,800 | -13.5% |
| Trade receivables | 40 | €355,420 | €320,852 | -€34,568 | -9.7% |
| Other amounts receivable | 41 | €130,304 | €99,071 | -€31,233 | -24.0% |
| Current investments | 50/53 | €750,000 | €1,250,000 | +€500,000 | +66.7% |
| Cash at bank and in hand | 54/58 | €577,478 | €549,194 | -€28,284 | -4.9% |
| Deferred charges and accrued income | 490/1 | €25,919 | €94,731 | +€68,812 | +265% |
| Total equity and liabilities | 10/49 | €4,306,556 | €4,324,302 | +€17,746 | +0.4% |
| Equity | 10/15 | €3,943,177 | €3,947,602 | +€4,425 | +0.1% |
| Contributions | 10/11 | €73,900 | €73,900 | = | 0.0% |
| Reserves | 13 | €3,869,277 | €3,873,702 | +€4,425 | +0.1% |
| Non-distributable reserves | 130/1 | €72,620 | €72,620 | = | 0.0% |
| Other | 1319 | €72,620 | €72,620 | = | 0.0% |
| Tax-exempt reserves | 132 | €585,985 | €479,154 | -€106,831 | -18.2% |
| Distributable reserves | 133 | €3,210,671 | €3,321,928 | +€111,256 | +3.5% |
| Provisions and deferred taxes | 16 | €174,968 | €139,357 | -€35,610 | -20.4% |
| Deferred taxes | 168 | €174,968 | €139,357 | -€35,610 | -20.4% |
| Amounts payable | 17/49 | €188,411 | €237,343 | +€48,932 | +26.0% |
| Amounts payable within one year | 42/48 | €181,911 | €230,593 | +€48,682 | +26.8% |
| Trade debts | 44 | €2,337 | €14,674 | +€12,337 | +528% |
| Suppliers | 440/4 | €2,337 | €14,674 | +€12,337 | +528% |
| Taxes, remuneration and social security | 45 | €170,884 | €204,674 | +€33,790 | +19.8% |
| Taxes | 450/3 | €93,260 | €108,620 | +€15,360 | +16.5% |
| Remuneration and social security | 454/9 | €77,624 | €96,054 | +€18,430 | +23.7% |
| Other amounts payable | 47/48 | €8,690 | €11,245 | +€2,555 | +29.4% |
| Accrued charges and deferred income | 492/3 | €6,500 | €6,750 | +€250 | +3.8% |
| Remuneration, social security and pensions | 62 | €459,921 | €489,848 | +€29,928 | +6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €282,213 | €271,197 | -€11,016 | -3.9% |
| Other operating charges | 640/8 | €66,780 | €68,932 | +€2,152 | +3.2% |
| Gross operating margin | 9900 | €1,028,409 | €985,244 | -€43,165 | -4.2% |
| Operating profit (loss) | 9901 | €219,495 | €155,266 | -€64,229 | -29.3% |
| Financial income | 75/76B | €107,841 | €126,929 | +€19,088 | +17.7% |
| Recurring financial income | 75 | €107,841 | €126,929 | +€19,088 | +17.7% |
| Financial charges | 65/66B | €43 | €237,030 | +€236,987 | +549,472% |
| Recurring financial charges | 65 | €43 | €30 | -€13 | -29.7% |
| Non-recurring financial charges | 66B | - | €237,000 | +€237,000 | |
| Profit (loss) for the period before taxes | 9903 | €327,293 | €45,165 | -€282,128 | -86.2% |
| Transfer from deferred taxes | 780 | €32,146 | €35,610 | +€3,465 | +10.8% |
| Income taxes | 67/77 | €115,919 | €76,350 | -€39,569 | -34.1% |
| Profit (loss) for the period | 9904 | €243,520 | €4,425 | -€239,095 | -98.2% |
| Transfer from tax-exempt reserves | 789 | €96,437 | €106,831 | +€10,394 | +10.8% |
| Profit (loss) for the period to be appropriated | 9905 | €339,956 | €111,256 | -€228,700 | -67.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.