JIPSCO: 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.
JIPSCO
Largest movements
- Cash +€6,582
up €6,582 (+7.9%), from €83,720 to €90,302
mainly Depreciation (+€4,201) and Net result for the year (+€3,947)
- Tangible fixed assets -€4,817
down €4,817 (-23.4%), from €20,616 to €15,799
- Reserves +€3,947
up €3,947 (+4.6%), from €84,898 to €88,845
- Tax, wage and social debts -€1,517
no longer reported in 2025 (was €1,517)
- Financial income +€10,486
new in 2025: €10,486
of which Financial income: +€10,486
- Gross operating margin -€8,552
down €8,552 (-44.1%), from €19,381 to €10,829
- Taxes -€1,800
down €1,800 (-39.0%), from €4,617 to €2,817
- Depreciation +€1,430
up €1,430 (+51.6%), from €2,771 to €4,201
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 | €105,215 | €107,445 | +€2,230 | +2.1% |
| Fixed assets | 21/28 | €20,616 | €15,799 | -€4,817 | -23.4% |
| Tangible fixed assets | 22/27 | €20,616 | €15,799 | -€4,817 | -23.4% |
| Furniture and vehicles | 24 | €20,616 | €15,799 | -€4,817 | -23.4% |
| Current assets | 29/58 | €84,599 | €91,646 | +€7,047 | +8.3% |
| Amounts receivable within one year | 40/41 | €621 | €1,112 | +€491 | +79.1% |
| Trade receivables | 40 | €100 | €100 | = | 0.0% |
| Other amounts receivable | 41 | €521 | €1,012 | +€491 | +94.2% |
| Cash at bank and in hand | 54/58 | €83,720 | €90,302 | +€6,582 | +7.9% |
| Deferred charges and accrued income | 490/1 | €258 | €232 | -€26 | -10.1% |
| Total equity and liabilities | 10/49 | €105,215 | €107,445 | +€2,230 | +2.1% |
| Equity | 10/15 | €103,498 | €107,445 | +€3,947 | +3.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €84,898 | €88,845 | +€3,947 | +4.6% |
| Distributable reserves | 133 | €84,898 | €88,845 | +€3,947 | +4.6% |
| Amounts payable | 17/49 | €1,717 | - | -€1,717 | |
| Amounts payable within one year | 42/48 | €1,717 | - | -€1,717 | |
| Taxes, remuneration and social security | 45 | €1,517 | - | -€1,517 | |
| Remuneration and social security | 454/9 | €1,517 | - | -€1,517 | |
| Other amounts payable | 47/48 | €200 | - | -€200 | |
| Non-recurring operating income | 76A | €4,545 | - | -€4,545 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,771 | €4,201 | +€1,430 | +51.6% |
| Other operating charges | 640/8 | €387 | €400 | +€13 | +3.4% |
| Non-recurring operating charges | 66A | - | €9,950 | +€9,950 | |
| Gross operating margin | 9900 | €19,381 | €10,829 | -€8,552 | -44.1% |
| Operating profit (loss) | 9901 | €16,223 | -€3,722 | -€19,945 | |
| Financial income | 75/76B | - | €10,486 | +€10,486 | |
| Recurring financial income | 75 | - | €10,486 | +€10,486 | |
| Non-recurring financial income | 76B | - | €10,486 | +€10,486 | |
| Financial charges | 65/66B | €1 | - | -€1 | |
| Recurring financial charges | 65 | €1 | - | -€1 | |
| Profit (loss) for the period before taxes | 9903 | €16,222 | €6,764 | -€9,458 | -58.3% |
| Income taxes | 67/77 | €4,617 | €2,817 | -€1,800 | -39.0% |
| Profit (loss) for the period | 9904 | €11,605 | €3,947 | -€7,658 | -66.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,605 | €3,947 | -€7,658 | -66.0% |
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.