JEPVC: 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.
JEPVC
Largest movements
- Receivables within one year -€29,075
down €29,075 (-18.9%), from €153,580 to €124,505
of which Other amounts receivable: -€17,963
- Cash +€17,275
up €17,275 (+299.9%), from €5,760 to €23,035
mainly Debts after one year (+€35,450) and Receivables within one year (+€29,075)
- Deferred charges and accrued income +€11,271
new in 2025: €11,271
- Trade debts -€39,050
down €39,050 (-49.0%), from €79,633 to €40,583
- Debts after one year +€35,450
new in 2025: €35,450
- Tax, wage and social debts -€12,578
down €12,578 (-61.1%), from €20,586 to €8,008
of which Taxes: -€14,910
- Current portion of long-term debt +€8,174
new in 2025: €8,174
- Advances received +€7,064
new in 2025: €7,064
- Gross operating margin -€21,184
down €21,184 (-25.8%), from €82,165 to €60,981
- Taxes -€6,465
down €6,465 (-82.2%), from €7,867 to €1,403
- Staff costs -€5,126
down €5,126 (-9.8%), from €52,102 to €46,976
- Financial charges +€3,926
up €3,926 (+307.7%), from €1,276 to €5,202
- Other operating charges +€3,515
up €3,515 (+2432.7%), from €144 to €3,660
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 | €163,220 | €164,213 | +€993 | +0.6% |
| Fixed assets | 21/28 | €3,880 | €5,402 | +€1,522 | +39.2% |
| Tangible fixed assets | 22/27 | €1,709 | €3,231 | +€1,522 | +89.1% |
| Furniture and vehicles | 24 | €1,709 | €3,231 | +€1,522 | +89.1% |
| Financial fixed assets | 28 | €2,171 | €2,171 | = | 0.0% |
| Current assets | 29/58 | €159,340 | €158,811 | -€529 | -0.3% |
| Amounts receivable within one year | 40/41 | €153,580 | €124,505 | -€29,075 | -18.9% |
| Trade receivables | 40 | €121,699 | €110,586 | -€11,112 | -9.1% |
| Other amounts receivable | 41 | €31,881 | €13,919 | -€17,963 | -56.3% |
| Cash at bank and in hand | 54/58 | €5,760 | €23,035 | +€17,275 | +299.9% |
| Deferred charges and accrued income | 490/1 | - | €11,271 | +€11,271 | |
| Total equity and liabilities | 10/49 | €163,220 | €164,213 | +€993 | +0.6% |
| Equity | 10/15 | €63,002 | €64,934 | +€1,933 | +3.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €45,000 | €47,000 | +€2,000 | +4.4% |
| Distributable reserves | 133 | €45,000 | €47,000 | +€2,000 | +4.4% |
| Profit (loss) carried forward | 14 | €13,002 | €12,934 | -€67 | -0.5% |
| Amounts payable | 17/49 | €100,219 | €99,279 | -€940 | -0.9% |
| Amounts payable after more than one year | 17 | - | €35,450 | +€35,450 | |
| Financial debts | 170/4 | - | €35,450 | +€35,450 | |
| Amounts payable within one year | 42/48 | €100,219 | €63,829 | -€36,389 | -36.3% |
| Current portion of amounts payable after more than one year | 42 | - | €8,174 | +€8,174 | |
| Trade debts | 44 | €79,633 | €40,583 | -€39,050 | -49.0% |
| Suppliers | 440/4 | €79,633 | €40,583 | -€39,050 | -49.0% |
| Advances received on contracts in progress | 46 | - | €7,064 | +€7,064 | |
| Taxes, remuneration and social security | 45 | €20,586 | €8,008 | -€12,578 | -61.1% |
| Taxes | 450/3 | €16,417 | €1,507 | -€14,910 | -90.8% |
| Remuneration and social security | 454/9 | €4,169 | €6,501 | +€2,332 | +55.9% |
| Remuneration, social security and pensions | 62 | €52,102 | €46,976 | -€5,126 | -9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €542 | €839 | +€298 | +55.0% |
| Other operating charges | 640/8 | €144 | €3,660 | +€3,515 | +2432.7% |
| Non-recurring operating charges | 66A | - | €1,045 | +€1,045 | |
| Gross operating margin | 9900 | €82,165 | €60,981 | -€21,184 | -25.8% |
| Operating profit (loss) | 9901 | €29,376 | €8,460 | -€20,916 | -71.2% |
| Financial income | 75/76B | - | €77 | +€77 | |
| Recurring financial income | 75 | - | €77 | +€77 | |
| Financial charges | 65/66B | €1,276 | €5,202 | +€3,926 | +307.7% |
| Recurring financial charges | 65 | €1,276 | €5,202 | +€3,926 | +307.7% |
| Profit (loss) for the period before taxes | 9903 | €28,101 | €3,335 | -€24,765 | -88.1% |
| Income taxes | 67/77 | €7,867 | €1,403 | -€6,465 | -82.2% |
| Profit (loss) for the period | 9904 | €20,233 | €1,933 | -€18,301 | -90.4% |
| Profit (loss) for the period to be appropriated | 9905 | €20,233 | €1,933 | -€18,301 | -90.4% |
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 4 October 2026 via checked.be.