JEPO: 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.
JEPO
Largest movements
- Tangible fixed assets -€13,237
down €13,237 (-78.4%), from €16,888 to €3,651
- Receivables within one year +€10,837
up €10,837 (+6.9%), from €157,794 to €168,631
of which Other amounts receivable: +€11,889
- Stocks and contracts +€7,396
new in 2025: €7,396
- Profit (loss) carried forward -€64,843
down €64,843 (-90.9%), from €71,313 to €6,469
- Other debts +€54,424
up €54,424 (+10,876%), from €500 to €54,924
- Trade debts +€18,402
up €18,402 (+317%), from €5,808 to €24,210
- Tax, wage and social debts -€4,127
down €4,127 (-38.9%), from €10,612 to €6,485
- Gross operating margin -€27,984
down €27,984 (-33.6%), from €83,325 to €55,341
- Taxes -€5,337
down €5,337 (-37.8%), from €14,119 to €8,782
- Financial income +€2,639
up €2,639 (+1,564%), from €169 to €2,808
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 | €188,233 | €192,089 | +€3,856 | +2.0% |
| Fixed assets | 21/28 | €16,888 | €3,651 | -€13,237 | -78.4% |
| Tangible fixed assets | 22/27 | €16,888 | €3,651 | -€13,237 | -78.4% |
| Furniture and vehicles | 24 | €16,888 | €3,651 | -€13,237 | -78.4% |
| Current assets | 29/58 | €171,346 | €188,438 | +€17,093 | +10.0% |
| Stocks and contracts in progress | 3 | - | €7,396 | +€7,396 | |
| Stocks | 30/36 | - | €7,396 | +€7,396 | |
| Amounts receivable within one year | 40/41 | €157,794 | €168,631 | +€10,837 | +6.9% |
| Trade receivables | 40 | €15,875 | €14,823 | -€1,053 | -6.6% |
| Other amounts receivable | 41 | €141,919 | €153,808 | +€11,889 | +8.4% |
| Cash at bank and in hand | 54/58 | €13,227 | €12,068 | -€1,159 | -8.8% |
| Deferred charges and accrued income | 490/1 | €325 | €344 | +€19 | +6.0% |
| Total equity and liabilities | 10/49 | €188,233 | €192,089 | +€3,856 | +2.0% |
| Equity | 10/15 | €171,313 | €106,469 | -€64,843 | -37.9% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €71,313 | €6,469 | -€64,843 | -90.9% |
| Amounts payable | 17/49 | €16,920 | €85,619 | +€68,699 | +406% |
| Amounts payable within one year | 42/48 | €16,920 | €85,619 | +€68,699 | +406% |
| Trade debts | 44 | €5,808 | €24,210 | +€18,402 | +317% |
| Suppliers | 440/4 | €5,808 | €24,210 | +€18,402 | +317% |
| Taxes, remuneration and social security | 45 | €10,612 | €6,485 | -€4,127 | -38.9% |
| Taxes | 450/3 | €10,612 | €6,485 | -€4,127 | -38.9% |
| Other amounts payable | 47/48 | €500 | €54,924 | +€54,424 | +10,876% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,304 | €13,237 | -€66 | -0.5% |
| Other operating charges | 640/8 | €987 | €810 | -€177 | -17.9% |
| Gross operating margin | 9900 | €83,325 | €55,341 | -€27,984 | -33.6% |
| Operating profit (loss) | 9901 | €69,035 | €41,294 | -€27,741 | -40.2% |
| Financial income | 75/76B | €169 | €2,808 | +€2,639 | +1,564% |
| Recurring financial income | 75 | €169 | €2,808 | +€2,639 | +1,564% |
| Financial charges | 65/66B | €258 | €163 | -€95 | -36.8% |
| Recurring financial charges | 65 | €258 | €163 | -€95 | -36.8% |
| Profit (loss) for the period before taxes | 9903 | €68,945 | €43,939 | -€25,006 | -36.3% |
| Income taxes | 67/77 | €14,119 | €8,782 | -€5,337 | -37.8% |
| Profit (loss) for the period | 9904 | €54,826 | €35,157 | -€19,670 | -35.9% |
| Profit (loss) for the period to be appropriated | 9905 | €54,826 | €35,157 | -€19,670 | -35.9% |
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 17 October 2026 via checked.be.