JEPS: 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.
JEPS
Largest movements
- Receivables within one year +€98,413
up €98,413 (+19.4%), from €506,523 to €604,935
of which Trade receivables: +€90,882
- Stocks and contracts -€49,427
down €49,427 (-66.6%), from €74,165 to €24,738
- Tangible fixed assets -€37,253
down €37,253 (-36.7%), from €101,457 to €64,204
of which Furniture and vehicles: -€32,077
- Cash +€14,920
up €14,920 (+207.4%), from €7,194 to €22,114
mainly Trade debts (+€200,246) and Stocks and contracts (+€49,427)
- Trade debts +€200,246
up €200,246 (+776.1%), from €25,801 to €226,047
- Other debts -€166,935
down €166,935 (-29.4%), from €567,402 to €400,466
- Current portion of long-term debt -€25,422
down €25,422 (-73.9%), from €34,415 to €8,992
- Profit (loss) carried forward +€16,384
up €16,384 (+40.8%), from -€40,157 to -€23,773
- Tax, wage and social debts +€11,373
up €11,373 (+41.4%), from €27,493 to €38,866
of which Remuneration and social security: +€14,972
- Gross operating margin +€71,856
up €71,856 (+21.2%), from €338,901 to €410,757
- Staff costs +€30,046
up €30,046 (+10.3%), from €292,165 to €322,210
- Taxes +€5,214
up €5,214 (+61.4%), from €8,486 to €13,700
- Financial charges +€4,978
up €4,978 (+39.0%), from €12,769 to €17,747
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 | €689,339 | €715,992 | +€26,653 | +3.9% |
| Fixed assets | 21/28 | €101,457 | €64,204 | -€37,253 | -36.7% |
| Tangible fixed assets | 22/27 | €101,457 | €64,204 | -€37,253 | -36.7% |
| Land and buildings | 22 | €43,462 | €38,294 | -€5,169 | -11.9% |
| Plant, machinery and equipment | 23 | €9,245 | €9,238 | -€7 | -0.1% |
| Furniture and vehicles | 24 | €48,750 | €16,673 | -€32,077 | -65.8% |
| Current assets | 29/58 | €587,881 | €651,788 | +€63,906 | +10.9% |
| Stocks and contracts in progress | 3 | €74,165 | €24,738 | -€49,427 | -66.6% |
| Stocks | 30/36 | €74,165 | €24,738 | -€49,427 | -66.6% |
| Amounts receivable within one year | 40/41 | €506,523 | €604,935 | +€98,413 | +19.4% |
| Trade receivables | 40 | €492,618 | €583,500 | +€90,882 | +18.4% |
| Other amounts receivable | 41 | €13,904 | €21,435 | +€7,530 | +54.2% |
| Cash at bank and in hand | 54/58 | €7,194 | €22,114 | +€14,920 | +207.4% |
| Total equity and liabilities | 10/49 | €689,339 | €715,992 | +€26,653 | +3.9% |
| Equity | 10/15 | €23,380 | €39,764 | +€16,384 | +70.1% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €2,037 | €2,037 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,037 | €2,037 | = | 0.0% |
| Legal reserve | 130 | €2,037 | €2,037 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,157 | -€23,773 | +€16,384 | +40.8% |
| Amounts payable | 17/49 | €665,959 | €676,228 | +€10,270 | +1.5% |
| Amounts payable after more than one year | 17 | €10,848 | €1,856 | -€8,992 | -82.9% |
| Financial debts | 170/4 | €10,848 | €1,856 | -€8,992 | -82.9% |
| Amounts payable within one year | 42/48 | €655,111 | €674,372 | +€19,262 | +2.9% |
| Current portion of amounts payable after more than one year | 42 | €34,415 | €8,992 | -€25,422 | -73.9% |
| Trade debts | 44 | €25,801 | €226,047 | +€200,246 | +776.1% |
| Suppliers | 440/4 | €25,801 | €226,047 | +€200,246 | +776.1% |
| Taxes, remuneration and social security | 45 | €27,493 | €38,866 | +€11,373 | +41.4% |
| Taxes | 450/3 | €20,611 | €17,012 | -€3,599 | -17.5% |
| Remuneration and social security | 454/9 | €6,882 | €21,855 | +€14,972 | +217.5% |
| Other amounts payable | 47/48 | €567,402 | €400,466 | -€166,935 | -29.4% |
| Remuneration, social security and pensions | 62 | €292,165 | €322,210 | +€30,046 | +10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,289 | €39,598 | -€2,691 | -6.4% |
| Other operating charges | 640/8 | €1,206 | €1,118 | -€88 | -7.3% |
| Gross operating margin | 9900 | €338,901 | €410,757 | +€71,856 | +21.2% |
| Operating profit (loss) | 9901 | €3,242 | €47,831 | +€44,589 | +1375.4% |
| Financial income | 75/76B | €3 | €0 | -€3 | -97.2% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -97.2% |
| Financial charges | 65/66B | €12,769 | €17,747 | +€4,978 | +39.0% |
| Recurring financial charges | 65 | €12,769 | €17,747 | +€4,978 | +39.0% |
| Profit (loss) for the period before taxes | 9903 | -€9,524 | €30,084 | +€39,607 | |
| Income taxes | 67/77 | €8,486 | €13,700 | +€5,214 | +61.4% |
| Profit (loss) for the period | 9904 | -€18,009 | €16,384 | +€34,393 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,009 | €16,384 | +€34,393 |
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 11 October 2026 via checked.be.