JEVEPA: 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.
JEVEPA
Largest movements
- Cash +€197,948
up €197,948 (+134%), from €148,212 to €346,159
mainly Other debts (+€429,185) and Net result for the year (+€300,259)
- Other debts +€429,185
up €429,185 (+126,700%), from €339 to €429,523
- Reserves -€297,741
down €297,741 (-19.9%), from €1.5m to €1.2m
- Tax, wage and social debts +€47,888
up €47,888 (+1,087%), from €4,406 to €52,294
- Financial income +€325,372
up €325,372 (+803%), from €40,523 to €365,895
- Taxes +€28,548
up €28,548 (+1,732%), from €1,648 to €30,196
- Gross operating margin -€10,913
down €10,913 (-110%), from -€9,941 to -€20,854
- Depreciation +€983
up €983 (+9.2%), from €10,632 to €11,616
- Other operating charges -€723
down €723 (-21.0%), from €3,445 to €2,722
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 | €4,588,775 | €4,773,425 | +€184,650 | +4.0% |
| Fixed assets | 21/28 | €4,405,623 | €4,399,606 | -€6,017 | -0.1% |
| Tangible fixed assets | 22/27 | €288,763 | €282,746 | -€6,017 | -2.1% |
| Land and buildings | 22 | €284,502 | €274,758 | -€9,744 | -3.4% |
| Plant, machinery and equipment | 23 | €4,260 | €7,988 | +€3,727 | +87.5% |
| Financial fixed assets | 28 | €4,116,860 | €4,116,860 | = | 0.0% |
| Current assets | 29/58 | €183,153 | €373,819 | +€190,666 | +104% |
| Amounts receivable after more than one year | 29 | €33,500 | €0 | -€33,500 | -100% |
| Other amounts receivable | 291 | €33,500 | €0 | -€33,500 | -100% |
| Amounts receivable within one year | 40/41 | €65 | €24,368 | +€24,303 | +37,389% |
| Trade receivables | 40 | €0 | €24,303 | +€24,303 | |
| Other amounts receivable | 41 | €65 | €65 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €148,212 | €346,159 | +€197,948 | +134% |
| Deferred charges and accrued income | 490/1 | €1,376 | €3,292 | +€1,916 | +139% |
| Total equity and liabilities | 10/49 | €4,588,775 | €4,773,425 | +€184,650 | +4.0% |
| Equity | 10/15 | €4,583,663 | €4,285,922 | -€297,741 | -6.5% |
| Contributions | 10/11 | €3,088,710 | €3,088,710 | = | 0.0% |
| Reserves | 13 | €1,494,954 | €1,197,213 | -€297,741 | -19.9% |
| Distributable reserves | 133 | €1,494,954 | €1,197,213 | -€297,741 | -19.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €5,112 | €487,503 | +€482,391 | +9,436% |
| Amounts payable within one year | 42/48 | €5,112 | €486,035 | +€480,923 | +9,407% |
| Trade debts | 44 | €368 | €0 | -€368 | -100% |
| Suppliers | 440/4 | €368 | €0 | -€368 | -100% |
| Advances received on contracts in progress | 46 | - | €4,218 | +€4,218 | |
| Taxes, remuneration and social security | 45 | €4,406 | €52,294 | +€47,888 | +1,087% |
| Taxes | 450/3 | €4,406 | €52,294 | +€47,888 | +1,087% |
| Other amounts payable | 47/48 | €339 | €429,523 | +€429,185 | +126,700% |
| Accrued charges and deferred income | 492/3 | - | €1,468 | +€1,468 | |
| Non-recurring operating income | 76A | €0 | €498 | +€498 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,632 | €11,616 | +€983 | +9.2% |
| Other operating charges | 640/8 | €3,445 | €2,722 | -€723 | -21.0% |
| Gross operating margin | 9900 | -€9,941 | -€20,854 | -€10,913 | -110% |
| Operating profit (loss) | 9901 | -€24,018 | -€35,192 | -€11,173 | -46.5% |
| Financial income | 75/76B | €40,523 | €365,895 | +€325,372 | +803% |
| Recurring financial income | 75 | €40,523 | €365,895 | +€325,372 | +803% |
| Financial charges | 65/66B | €45 | €248 | +€203 | +451% |
| Recurring financial charges | 65 | €45 | €248 | +€203 | +451% |
| Profit (loss) for the period before taxes | 9903 | €16,460 | €330,455 | +€313,995 | +1,908% |
| Income taxes | 67/77 | €1,648 | €30,196 | +€28,548 | +1,732% |
| Profit (loss) for the period | 9904 | €14,812 | €300,259 | +€285,447 | +1,927% |
| Profit (loss) for the period to be appropriated | 9905 | €14,812 | €300,259 | +€285,447 | +1,927% |
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 25 October 2026 via checked.be.