JJP: 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.
JJP
Largest movements
- Tangible fixed assets -€69,550
down €69,550 (-5.3%), from €1.3m to €1.3m
of which Land and buildings: -€92,570
- Cash +€43,004
up €43,004 (+47.9%), from €89,812 to €132,817
mainly Depreciation (+€183,011) and Stocks and contracts (+€35,585)
- Stocks and contracts -€35,585
down €35,585 (-9.1%), from €391,919 to €356,334
- Reserves -€112,957
down €112,957 (-46.1%), from €244,957 to €132,000
- Profit (loss) carried forward +€75,528
new in 2025: €75,528
- Tax, wage and social debts -€43,055
down €43,055 (-51.0%), from €84,488 to €41,432
of which Remuneration and social security: -€44,026
- Debts after one year -€42,647
down €42,647 (-4.3%), from €986,868 to €944,221
- Accrued charges and deferred income +€35,204
up €35,204 (+339.6%), from €10,366 to €45,570
- Gross operating margin +€79,035
up €79,035 (+9.2%), from €859,155 to €938,190
- Staff costs +€41,607
up €41,607 (+6.1%), from €676,558 to €718,164
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 | €2,176,822 | €2,106,577 | -€70,244 | -3.2% |
| Fixed assets | 21/28 | €1,567,155 | €1,497,605 | -€69,550 | -4.4% |
| Tangible fixed assets | 22/27 | €1,323,148 | €1,253,598 | -€69,550 | -5.3% |
| Land and buildings | 22 | €749,706 | €657,136 | -€92,570 | -12.3% |
| Plant, machinery and equipment | 23 | €182,963 | €152,773 | -€30,190 | -16.5% |
| Furniture and vehicles | 24 | €30,240 | €106,277 | +€76,037 | +251.5% |
| Other tangible fixed assets | 26 | €360,240 | €337,412 | -€22,827 | -6.3% |
| Financial fixed assets | 28 | €244,007 | €244,007 | = | 0.0% |
| Current assets | 29/58 | €609,666 | €608,972 | -€694 | -0.1% |
| Stocks and contracts in progress | 3 | €391,919 | €356,334 | -€35,585 | -9.1% |
| Stocks | 30/36 | €391,919 | €356,334 | -€35,585 | -9.1% |
| Amounts receivable within one year | 40/41 | €88,548 | €81,903 | -€6,645 | -7.5% |
| Trade receivables | 40 | €41,098 | €46,203 | +€5,105 | +12.4% |
| Other amounts receivable | 41 | €47,450 | €35,700 | -€11,750 | -24.8% |
| Cash at bank and in hand | 54/58 | €89,812 | €132,817 | +€43,004 | +47.9% |
| Deferred charges and accrued income | 490/1 | €39,387 | €37,918 | -€1,469 | -3.7% |
| Total equity and liabilities | 10/49 | €2,176,822 | €2,106,577 | -€70,244 | -3.2% |
| Equity | 10/15 | €263,557 | €226,128 | -€37,429 | -14.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €244,957 | €132,000 | -€112,957 | -46.1% |
| Distributable reserves | 133 | €244,957 | €132,000 | -€112,957 | -46.1% |
| Profit (loss) carried forward | 14 | - | €75,528 | +€75,528 | |
| Amounts payable | 17/49 | €1,913,265 | €1,880,449 | -€32,815 | -1.7% |
| Amounts payable after more than one year | 17 | €986,868 | €944,221 | -€42,647 | -4.3% |
| Financial debts | 170/4 | €986,868 | €944,221 | -€42,647 | -4.3% |
| Amounts payable within one year | 42/48 | €916,031 | €890,658 | -€25,373 | -2.8% |
| Current portion of amounts payable after more than one year | 42 | €123,032 | €139,516 | +€16,484 | +13.4% |
| Trade debts | 44 | €708,502 | €674,710 | -€33,792 | -4.8% |
| Suppliers | 440/4 | €708,502 | €674,710 | -€33,792 | -4.8% |
| Taxes, remuneration and social security | 45 | €84,488 | €41,432 | -€43,055 | -51.0% |
| Taxes | 450/3 | €938 | €1,909 | +€971 | +103.5% |
| Remuneration and social security | 454/9 | €83,550 | €39,524 | -€44,026 | -52.7% |
| Other amounts payable | 47/48 | €10 | €35,000 | +€34,990 | +346434.7% |
| Accrued charges and deferred income | 492/3 | €10,366 | €45,570 | +€35,204 | +339.6% |
| Remuneration, social security and pensions | 62 | €676,558 | €718,164 | +€41,607 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €175,173 | €183,011 | +€7,838 | +4.5% |
| Other operating charges | 640/8 | €3,554 | €3,385 | -€169 | -4.7% |
| Gross operating margin | 9900 | €859,155 | €938,190 | +€79,035 | +9.2% |
| Operating profit (loss) | 9901 | €3,869 | €33,629 | +€29,759 | +769.1% |
| Financial income | 75/76B | €9,658 | €9,803 | +€145 | +1.5% |
| Recurring financial income | 75 | €9,658 | €9,803 | +€145 | +1.5% |
| Financial charges | 65/66B | €42,748 | €45,228 | +€2,481 | +5.8% |
| Recurring financial charges | 65 | €42,748 | €45,228 | +€2,481 | +5.8% |
| Profit (loss) for the period before taxes | 9903 | -€29,220 | -€1,797 | +€27,424 | +93.9% |
| Income taxes | 67/77 | €809 | €632 | -€176 | -21.8% |
| Profit (loss) for the period | 9904 | -€30,029 | -€2,429 | +€27,600 | +91.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,029 | -€2,429 | +€27,600 | +91.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.