JIPE CONCEPT: 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.
JIPE CONCEPT
Largest movements
- Cash -€11,868
down €11,868 (-30.2%), from €39,334 to €27,467
mainly Investment in fixed assets (net) (-€32,608) and Debts after one year (-€13,196)
- Receivables within one year -€11,065
down €11,065 (-58.6%), from €18,895 to €7,830
of which Trade receivables: -€8,898
- Debts after one year -€13,196
down €13,196 (-10.1%), from €130,194 to €116,998
- Tax, wage and social debts -€7,250
down €7,250 (-76.2%), from €9,517 to €2,267
- Other debts +€6,918
up €6,918 (+2.7%), from €260,976 to €267,894
- Trade debts -€4,983
down €4,983 (-50.3%), from €9,909 to €4,926
- Gross operating margin -€20,188
down €20,188 (-35.2%), from €57,352 to €37,163
- Taxes -€7,233
down €7,233 (-95.4%), from €7,582 to €348
- Depreciation +€7,018
up €7,018 (+30.6%), from €22,901 to €29,919
- Financial charges +€1,699
up €1,699 (+27.6%), from €6,167 to €7,867
- Staff costs -€1,240
no longer reported in 2025 (was €1,240)
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 | €453,311 | €433,067 | -€20,243 | -4.5% |
| Fixed assets | 21/28 | €395,081 | €397,770 | +€2,689 | +0.7% |
| Tangible fixed assets | 22/27 | €395,081 | €397,770 | +€2,689 | +0.7% |
| Land and buildings | 22 | €361,059 | €374,968 | +€13,909 | +3.9% |
| Plant, machinery and equipment | 23 | €21,927 | €15,773 | -€6,154 | -28.1% |
| Furniture and vehicles | 24 | €12,096 | €7,029 | -€5,067 | -41.9% |
| Current assets | 29/58 | €58,229 | €35,297 | -€22,932 | -39.4% |
| Amounts receivable within one year | 40/41 | €18,895 | €7,830 | -€11,065 | -58.6% |
| Trade receivables | 40 | €15,222 | €6,324 | -€8,898 | -58.5% |
| Other amounts receivable | 41 | €3,674 | €1,506 | -€2,167 | -59.0% |
| Cash at bank and in hand | 54/58 | €39,334 | €27,467 | -€11,868 | -30.2% |
| Total equity and liabilities | 10/49 | €453,311 | €433,067 | -€20,243 | -4.5% |
| Equity | 10/15 | €30,055 | €27,786 | -€2,269 | -7.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €26,000 | €26,000 | = | 0.0% |
| Distributable reserves | 133 | €26,000 | €26,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,055 | -€1,214 | -€2,269 | |
| Amounts payable | 17/49 | €423,256 | €405,281 | -€17,975 | -4.2% |
| Amounts payable after more than one year | 17 | €130,194 | €116,998 | -€13,196 | -10.1% |
| Financial debts | 170/4 | €130,194 | €116,998 | -€13,196 | -10.1% |
| Amounts payable within one year | 42/48 | €293,061 | €288,283 | -€4,778 | -1.6% |
| Current portion of amounts payable after more than one year | 42 | €12,660 | €13,196 | +€536 | +4.2% |
| Trade debts | 44 | €9,909 | €4,926 | -€4,983 | -50.3% |
| Suppliers | 440/4 | €9,909 | €4,926 | -€4,983 | -50.3% |
| Taxes, remuneration and social security | 45 | €9,517 | €2,267 | -€7,250 | -76.2% |
| Taxes | 450/3 | €9,517 | €2,267 | -€7,250 | -76.2% |
| Other amounts payable | 47/48 | €260,976 | €267,894 | +€6,918 | +2.7% |
| Remuneration, social security and pensions | 62 | €1,240 | - | -€1,240 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,901 | €29,919 | +€7,018 | +30.6% |
| Other operating charges | 640/8 | €1,063 | €1,299 | +€236 | +22.2% |
| Gross operating margin | 9900 | €57,352 | €37,163 | -€20,188 | -35.2% |
| Operating profit (loss) | 9901 | €32,148 | €5,946 | -€26,202 | -81.5% |
| Financial charges | 65/66B | €6,167 | €7,867 | +€1,699 | +27.6% |
| Recurring financial charges | 65 | €6,167 | €7,867 | +€1,699 | +27.6% |
| Profit (loss) for the period before taxes | 9903 | €25,981 | -€1,921 | -€27,901 | |
| Income taxes | 67/77 | €7,582 | €348 | -€7,233 | -95.4% |
| Profit (loss) for the period | 9904 | €18,399 | -€2,269 | -€20,668 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,399 | -€2,269 | -€20,668 |
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 7 October 2026 via checked.be.