JEPELIS: 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.
JEPELIS
Largest movements
- Tangible fixed assets -€5,700
down €5,700 (-2.2%), from €253,902 to €248,202
of which Land and buildings: -€5,700
- Cash +€3,389
up €3,389 (+27.9%), from €12,137 to €15,526
mainly Net result for the year (+€18,557) and Depreciation (+€5,700)
- Debts after one year -€23,483
down €23,483 (-23.8%), from €98,562 to €75,079
- Reserves +€18,557
up €18,557 (+14.4%), from €128,923 to €147,481
of which Distributable reserves: +€18,557
- Depreciation -€4,671
down €4,671 (-45.0%), from €10,371 to €5,700
- Taxes +€1,615
up €1,615 (+22.9%), from €7,045 to €8,660
- Financial charges -€404
down €404 (-15.8%), from €2,565 to €2,161
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 | €268,652 | €266,798 | -€1,854 | -0.7% |
| Fixed assets | 21/28 | €253,902 | €248,202 | -€5,700 | -2.2% |
| Tangible fixed assets | 22/27 | €253,902 | €248,202 | -€5,700 | -2.2% |
| Land and buildings | 22 | €250,402 | €244,702 | -€5,700 | -2.3% |
| Other tangible fixed assets | 26 | €3,500 | €3,500 | = | 0.0% |
| Current assets | 29/58 | €14,750 | €18,596 | +€3,846 | +26.1% |
| Amounts receivable within one year | 40/41 | €1,891 | €2,325 | +€434 | +23.0% |
| Other amounts receivable | 41 | €1,891 | €2,325 | +€434 | +23.0% |
| Cash at bank and in hand | 54/58 | €12,137 | €15,526 | +€3,389 | +27.9% |
| Deferred charges and accrued income | 490/1 | €722 | €745 | +€23 | +3.2% |
| Total equity and liabilities | 10/49 | €268,652 | €266,798 | -€1,854 | -0.7% |
| Equity | 10/15 | €141,323 | €159,881 | +€18,557 | +13.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €128,923 | €147,481 | +€18,557 | +14.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €127,063 | €145,621 | +€18,557 | +14.6% |
| Amounts payable | 17/49 | €127,329 | €106,917 | -€20,412 | -16.0% |
| Amounts payable after more than one year | 17 | €98,562 | €75,079 | -€23,483 | -23.8% |
| Financial debts | 170/4 | €98,562 | €75,079 | -€23,483 | -23.8% |
| Amounts payable within one year | 42/48 | €28,767 | €31,838 | +€3,072 | +10.7% |
| Current portion of amounts payable after more than one year | 42 | €23,072 | €23,483 | +€412 | +1.8% |
| Taxes, remuneration and social security | 45 | €1,545 | €4,205 | +€2,660 | +172.2% |
| Taxes | 450/3 | €1,545 | €4,205 | +€2,660 | +172.2% |
| Other amounts payable | 47/48 | €4,150 | €4,150 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,371 | €5,700 | -€4,671 | -45.0% |
| Other operating charges | 640/8 | €2,354 | €2,429 | +€74 | +3.1% |
| Gross operating margin | 9900 | €37,431 | €37,506 | +€75 | +0.2% |
| Operating profit (loss) | 9901 | €24,706 | €29,378 | +€4,672 | +18.9% |
| Financial charges | 65/66B | €2,565 | €2,161 | -€404 | -15.8% |
| Recurring financial charges | 65 | €2,565 | €2,161 | -€404 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | €22,141 | €27,217 | +€5,076 | +22.9% |
| Income taxes | 67/77 | €7,045 | €8,660 | +€1,615 | +22.9% |
| Profit (loss) for the period | 9904 | €15,096 | €18,557 | +€3,461 | +22.9% |
| Profit (loss) for the period to be appropriated | 9905 | €15,096 | €18,557 | +€3,461 | +22.9% |
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 5 October 2026 via checked.be.