JIPO: 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.
JIPO
Largest movements
- Stocks and contracts +€52,611
new in 2025: €52,611
- Receivables within one year -€14,107
no longer reported in 2025 (was €14,107)
- Cash +€8,309
up €8,309 (+570.7%), from €1,456 to €9,765
mainly Other debts (+€42,104) and Trade debts (+€16,723)
- Tangible fixed assets -€6,952
down €6,952 (-8.0%), from €86,897 to €79,945
of which Land and buildings: -€4,890
- Other debts +€42,104
up €42,104 (+35.0%), from €120,205 to €162,309
- Profit (loss) carried forward -€18,256
down €18,256 (-7.8%), from -€232,863 to -€251,120
- Trade debts +€16,723
new in 2025: €16,723
- Gross operating margin +€7,453
up €7,453 (+77.4%), from -€9,626 to -€2,174
- Depreciation -€2,292
down €2,292 (-27.1%), from €8,468 to €6,176
- Financial charges +€1,472
up €1,472 (+33.3%), from €4,415 to €5,887
- Other operating charges +€231
up €231 (+4.6%), from €5,030 to €5,261
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 | €103,801 | €143,728 | +€39,926 | +38.5% |
| Fixed assets | 21/28 | €86,897 | €79,945 | -€6,952 | -8.0% |
| Tangible fixed assets | 22/27 | €86,897 | €79,945 | -€6,952 | -8.0% |
| Land and buildings | 22 | €82,648 | €77,758 | -€4,890 | -5.9% |
| Plant, machinery and equipment | 23 | €3,473 | €2,187 | -€1,286 | -37.0% |
| Furniture and vehicles | 24 | €776 | - | -€776 | |
| Current assets | 29/58 | €16,904 | €63,783 | +€46,878 | +277.3% |
| Stocks and contracts in progress | 3 | - | €52,611 | +€52,611 | |
| Stocks | 30/36 | - | €52,611 | +€52,611 | |
| Amounts receivable within one year | 40/41 | €14,107 | - | -€14,107 | |
| Other amounts receivable | 41 | €14,107 | - | -€14,107 | |
| Cash at bank and in hand | 54/58 | €1,456 | €9,765 | +€8,309 | +570.7% |
| Deferred charges and accrued income | 490/1 | €1,341 | €1,406 | +€66 | +4.9% |
| Total equity and liabilities | 10/49 | €103,801 | €143,728 | +€39,926 | +38.5% |
| Equity | 10/15 | -€18,615 | -€38,113 | -€19,498 | -104.7% |
| Contributions | 10/11 | €161,392 | €161,392 | = | 0.0% |
| Reserves | 13 | €52,857 | €51,615 | -€1,242 | -2.3% |
| Tax-exempt reserves | 132 | €21,556 | €20,315 | -€1,242 | -5.8% |
| Distributable reserves | 133 | €31,301 | €31,301 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€232,863 | -€251,120 | -€18,256 | -7.8% |
| Amounts payable | 17/49 | €122,416 | €181,841 | +€59,424 | +48.5% |
| Amounts payable within one year | 42/48 | €120,205 | €179,032 | +€58,827 | +48.9% |
| Trade debts | 44 | - | €16,723 | +€16,723 | |
| Suppliers | 440/4 | - | €16,723 | +€16,723 | |
| Other amounts payable | 47/48 | €120,205 | €162,309 | +€42,104 | +35.0% |
| Accrued charges and deferred income | 492/3 | €2,212 | €2,809 | +€597 | +27.0% |
| Non-recurring operating income | 76A | - | €7,728 | +€7,728 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,468 | €6,176 | -€2,292 | -27.1% |
| Other operating charges | 640/8 | €5,030 | €5,261 | +€231 | +4.6% |
| Gross operating margin | 9900 | -€9,626 | -€2,174 | +€7,453 | +77.4% |
| Operating profit (loss) | 9901 | -€23,124 | -€13,611 | +€9,513 | +41.1% |
| Financial charges | 65/66B | €4,415 | €5,887 | +€1,472 | +33.3% |
| Recurring financial charges | 65 | €4,415 | €5,887 | +€1,472 | +33.3% |
| Profit (loss) for the period before taxes | 9903 | -€27,539 | -€19,498 | +€8,041 | +29.2% |
| Profit (loss) for the period | 9904 | -€27,539 | -€19,498 | +€8,041 | +29.2% |
| Transfer from tax-exempt reserves | 789 | €1,242 | €1,242 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,298 | -€18,256 | +€8,041 | +30.6% |
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.