JEPECO: 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.
JEPECO
Largest movements
- Tangible fixed assets -€10,853
down €10,853 (-17.8%), from €60,892 to €50,039
of which Plant, machinery and equipment: -€7,996
- Receivables within one year +€4,075
up €4,075 (+77.0%), from €5,292 to €9,367
of which Other amounts receivable: +€6,339
- Cash -€1,581
down €1,581 (-14.2%), from €11,119 to €9,538
mainly Investment in fixed assets (net) (-€15,690) and Current portion of long-term debt (-€12,137)
- Current portion of long-term debt -€12,137
down €12,137 (-76.5%), from €15,860 to €3,723
- Debts after one year +€11,728
up €11,728 (+1,479%), from €793 to €12,520
- Other debts -€6,979
down €6,979 (-38.0%), from €18,351 to €11,373
- Profit (loss) carried forward -€3,636
down €3,636 (-25.2%), from -€14,443 to -€18,079
- Accrued charges and deferred income +€2,937
new in 2025: €2,937
- Gross operating margin -€18,230
down €18,230 (-43.4%), from €42,008 to €23,778
- Depreciation -€4,047
down €4,047 (-13.2%), from €30,590 to €26,543
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 | €77,455 | €68,974 | -€8,480 | -10.9% |
| Fixed assets | 21/28 | €60,892 | €50,039 | -€10,853 | -17.8% |
| Tangible fixed assets | 22/27 | €60,892 | €50,039 | -€10,853 | -17.8% |
| Plant, machinery and equipment | 23 | €52,327 | €44,332 | -€7,996 | -15.3% |
| Furniture and vehicles | 24 | €8,564 | €5,707 | -€2,857 | -33.4% |
| Current assets | 29/58 | €16,563 | €18,936 | +€2,372 | +14.3% |
| Amounts receivable within one year | 40/41 | €5,292 | €9,367 | +€4,075 | +77.0% |
| Trade receivables | 40 | €4,411 | €2,148 | -€2,263 | -51.3% |
| Other amounts receivable | 41 | €881 | €7,219 | +€6,339 | +720% |
| Cash at bank and in hand | 54/58 | €11,119 | €9,538 | -€1,581 | -14.2% |
| Deferred charges and accrued income | 490/1 | €153 | €31 | -€122 | -79.6% |
| Total equity and liabilities | 10/49 | €77,455 | €68,974 | -€8,480 | -10.9% |
| Equity | 10/15 | €42,057 | €38,421 | -€3,636 | -8.6% |
| Contributions | 10/11 | €56,500 | €56,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,443 | -€18,079 | -€3,636 | -25.2% |
| Amounts payable | 17/49 | €35,397 | €30,553 | -€4,844 | -13.7% |
| Amounts payable after more than one year | 17 | €793 | €12,520 | +€11,728 | +1,479% |
| Financial debts | 170/4 | €793 | €12,520 | +€11,728 | +1,479% |
| Amounts payable within one year | 42/48 | €34,605 | €15,095 | -€19,509 | -56.4% |
| Current portion of amounts payable after more than one year | 42 | €15,860 | €3,723 | -€12,137 | -76.5% |
| Trade debts | 44 | €161 | - | -€161 | |
| Suppliers | 440/4 | €161 | - | -€161 | |
| Taxes, remuneration and social security | 45 | €232 | - | -€232 | |
| Taxes | 450/3 | €232 | - | -€232 | |
| Other amounts payable | 47/48 | €18,351 | €11,373 | -€6,979 | -38.0% |
| Accrued charges and deferred income | 492/3 | - | €2,937 | +€2,937 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,590 | €26,543 | -€4,047 | -13.2% |
| Other operating charges | 640/8 | €510 | €449 | -€61 | -11.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €42,008 | €23,778 | -€18,230 | -43.4% |
| Operating profit (loss) | 9901 | €10,908 | -€3,214 | -€14,122 | |
| Financial charges | 65/66B | €575 | €422 | -€154 | -26.7% |
| Recurring financial charges | 65 | €575 | €422 | -€154 | -26.7% |
| Profit (loss) for the period before taxes | 9903 | €10,332 | -€3,636 | -€13,968 | |
| Profit (loss) for the period | 9904 | €10,332 | -€3,636 | -€13,968 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,332 | -€3,636 | -€13,968 |
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 18 October 2026 via checked.be.