Jip-Pie: 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.
Jip-Pie
Largest movements
- Tangible fixed assets +€313,674
up €313,674 (+490%), from €63,968 to €377,642
of which Land and buildings: +€312,287
- Cash -€11,173
down €11,173 (-54.1%), from €20,643 to €9,470
mainly Investment in fixed assets (net) (-€365,039) and Other debts (-€21,090)
- Debts after one year +€301,962
up €301,962 (+809%), from €37,309 to €339,271
- Other debts -€21,090
down €21,090 (-50.9%), from €41,424 to €20,333
- Current portion of long-term debt +€16,213
up €16,213 (+150%), from €10,776 to €26,989
- Trade debts -€5,019
down €5,019 (-39.6%), from €12,674 to €7,655
- Depreciation +€35,443
up €35,443 (+169%), from €20,921 to €56,365
- Gross operating margin +€28,162
up €28,162 (+67.3%), from €41,867 to €70,029
- Financial charges +€6,759
up €6,759 (+210%), from €3,223 to €9,982
- Taxes -€3,350
down €3,350 (-95.5%), from €3,509 to €159
- Staff costs -€1,286
down €1,286 (-100%), from €1,286 to €0
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 | €126,583 | €422,380 | +€295,798 | +234% |
| Fixed assets | 21/28 | €96,375 | €405,049 | +€308,674 | +320% |
| Intangible fixed assets | 21 | €30,907 | €27,407 | -€3,500 | -11.3% |
| Tangible fixed assets | 22/27 | €63,968 | €377,642 | +€313,674 | +490% |
| Land and buildings | 22 | - | €312,287 | +€312,287 | |
| Plant, machinery and equipment | 23 | €43,199 | €49,860 | +€6,661 | +15.4% |
| Furniture and vehicles | 24 | €3,086 | €2,288 | -€799 | -25.9% |
| Leasing and similar rights | 25 | €17,016 | €12,816 | -€4,199 | -24.7% |
| Other tangible fixed assets | 26 | €667 | €391 | -€275 | -41.3% |
| Financial fixed assets | 28 | €1,500 | €0 | -€1,500 | -100% |
| Current assets | 29/58 | €30,208 | €17,331 | -€12,876 | -42.6% |
| Stocks and contracts in progress | 3 | €4,942 | €6,028 | +€1,086 | +22.0% |
| Stocks | 30/36 | €4,942 | €6,028 | +€1,086 | +22.0% |
| Amounts receivable within one year | 40/41 | €2,796 | €1,492 | -€1,305 | -46.7% |
| Trade receivables | 40 | €100 | €0 | -€100 | -100% |
| Other amounts receivable | 41 | €2,696 | €1,492 | -€1,205 | -44.7% |
| Cash at bank and in hand | 54/58 | €20,643 | €9,470 | -€11,173 | -54.1% |
| Deferred charges and accrued income | 490/1 | €1,826 | €341 | -€1,485 | -81.3% |
| Total equity and liabilities | 10/49 | €126,583 | €422,380 | +€295,798 | +234% |
| Equity | 10/15 | €20,773 | €21,822 | +€1,049 | +5.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €10,773 | €11,822 | +€1,049 | +9.7% |
| Distributable reserves | 133 | €10,773 | €11,822 | +€1,049 | +9.7% |
| Amounts payable | 17/49 | €105,809 | €400,558 | +€294,749 | +279% |
| Amounts payable after more than one year | 17 | €37,309 | €339,271 | +€301,962 | +809% |
| Financial debts | 170/4 | €37,309 | €339,271 | +€301,962 | +809% |
| Amounts payable within one year | 42/48 | €68,500 | €61,287 | -€7,213 | -10.5% |
| Current portion of amounts payable after more than one year | 42 | €10,776 | €26,989 | +€16,213 | +150% |
| Trade debts | 44 | €12,674 | €7,655 | -€5,019 | -39.6% |
| Suppliers | 440/4 | €12,674 | €7,655 | -€5,019 | -39.6% |
| Taxes, remuneration and social security | 45 | €3,627 | €6,310 | +€2,684 | +74.0% |
| Taxes | 450/3 | €3,627 | €3,921 | +€294 | +8.1% |
| Remuneration and social security | 454/9 | - | €2,390 | +€2,390 | |
| Other amounts payable | 47/48 | €41,424 | €20,333 | -€21,090 | -50.9% |
| Remuneration, social security and pensions | 62 | €1,286 | €0 | -€1,286 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,921 | €56,365 | +€35,443 | +169% |
| Other operating charges | 640/8 | €2,157 | €2,492 | +€335 | +15.5% |
| Gross operating margin | 9900 | €41,867 | €70,029 | +€28,162 | +67.3% |
| Operating profit (loss) | 9901 | €17,503 | €11,172 | -€6,331 | -36.2% |
| Financial income | 75/76B | €2 | €17 | +€15 | +814% |
| Recurring financial income | 75 | €2 | €17 | +€15 | +814% |
| Financial charges | 65/66B | €3,223 | €9,982 | +€6,759 | +210% |
| Recurring financial charges | 65 | €3,223 | €9,982 | +€6,759 | +210% |
| Profit (loss) for the period before taxes | 9903 | €14,282 | €1,207 | -€13,074 | -91.5% |
| Income taxes | 67/77 | €3,509 | €159 | -€3,350 | -95.5% |
| Profit (loss) for the period | 9904 | €10,773 | €1,049 | -€9,725 | -90.3% |
| Profit (loss) for the period to be appropriated | 9905 | €10,773 | €1,049 | -€9,725 | -90.3% |
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 18 October 2026 via checked.be.