JOPA EXPERTISE: 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.
JOPA EXPERTISE
Largest movements
- Receivables within one year -€41,287
down €41,287 (-51.6%), from €80,061 to €38,774
of which Trade receivables: -€40,304
- Intangible fixed assets -€5,181
down €5,181 (-39.6%), from €13,081 to €7,900
- Tangible fixed assets -€1,332
down €1,332 (-56.2%), from €2,370 to €1,038
of which Furniture and vehicles: -€832
- Advances received -€25,440
down €25,440 (-88.0%), from €28,923 to €3,483
- Trade debts -€21,678
down €21,678 (-41.2%), from €52,647 to €30,968
- Tax, wage and social debts -€3,694
down €3,694 (-40.5%), from €9,112 to €5,418
of which Remuneration and social security: -€3,694
- Profit (loss) carried forward +€2,291
up €2,291 (+18.3%), from -€12,521 to -€10,230
- Gross operating margin -€15,699
down €15,699 (-63.9%), from €24,560 to €8,860
- Financial charges -€8,086
down €8,086 (-96.9%), from €8,344 to €258
- Depreciation +€2,662
up €2,662 (+77.5%), from €3,435 to €6,097
- Other operating charges +€416
new in 2025: €416
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 | €97,427 | €48,906 | -€48,521 | -49.8% |
| Fixed assets | 21/28 | €15,451 | €8,939 | -€6,513 | -42.1% |
| Intangible fixed assets | 21 | €13,081 | €7,900 | -€5,181 | -39.6% |
| Tangible fixed assets | 22/27 | €2,370 | €1,038 | -€1,332 | -56.2% |
| Furniture and vehicles | 24 | €1,161 | €329 | -€832 | -71.6% |
| Other tangible fixed assets | 26 | €1,209 | €709 | -€500 | -41.4% |
| Current assets | 29/58 | €81,976 | €39,967 | -€42,009 | -51.2% |
| Amounts receivable within one year | 40/41 | €80,061 | €38,774 | -€41,287 | -51.6% |
| Trade receivables | 40 | €59,841 | €19,537 | -€40,304 | -67.4% |
| Other amounts receivable | 41 | €20,220 | €19,237 | -€983 | -4.9% |
| Cash at bank and in hand | 54/58 | €1,412 | €690 | -€722 | -51.1% |
| Deferred charges and accrued income | 490/1 | €503 | €503 | = | 0.0% |
| Total equity and liabilities | 10/49 | €97,427 | €48,906 | -€48,521 | -49.8% |
| Equity | 10/15 | €6,745 | €9,036 | +€2,291 | +34.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €667 | €667 | = | 0.0% |
| Non-distributable reserves | 130/1 | €667 | €667 | = | 0.0% |
| Reserves not available under the articles | 1311 | €667 | €667 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,521 | -€10,230 | +€2,291 | +18.3% |
| Amounts payable | 17/49 | €90,682 | €39,869 | -€50,812 | -56.0% |
| Amounts payable within one year | 42/48 | €90,682 | €39,869 | -€50,812 | -56.0% |
| Trade debts | 44 | €52,647 | €30,968 | -€21,678 | -41.2% |
| Suppliers | 440/4 | €52,647 | €30,968 | -€21,678 | -41.2% |
| Advances received on contracts in progress | 46 | €28,923 | €3,483 | -€25,440 | -88.0% |
| Taxes, remuneration and social security | 45 | €9,112 | €5,418 | -€3,694 | -40.5% |
| Taxes | 450/3 | €5,418 | €5,418 | = | 0.0% |
| Remuneration and social security | 454/9 | €3,694 | - | -€3,694 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,435 | €6,097 | +€2,662 | +77.5% |
| Other operating charges | 640/8 | - | €416 | +€416 | |
| Gross operating margin | 9900 | €24,560 | €8,860 | -€15,699 | -63.9% |
| Operating profit (loss) | 9901 | €21,125 | €2,348 | -€18,777 | -88.9% |
| Financial income | 75/76B | €0 | €201 | +€201 | +2,008,500% |
| Recurring financial income | 75 | €0 | €201 | +€201 | +2,008,500% |
| Financial charges | 65/66B | €8,344 | €258 | -€8,086 | -96.9% |
| Recurring financial charges | 65 | €8,344 | €258 | -€8,086 | -96.9% |
| Profit (loss) for the period before taxes | 9903 | €12,781 | €2,291 | -€10,490 | -82.1% |
| Profit (loss) for the period | 9904 | €12,781 | €2,291 | -€10,490 | -82.1% |
| Profit (loss) for the period to be appropriated | 9905 | €12,781 | €2,291 | -€10,490 | -82.1% |
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 20 October 2026 via checked.be.