JOPACK: 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.
What changed
JOPACK
NACE 01.500, Mixed farming
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€716,251
2024 · €912,603-€196,352
Equity
€4.2m
2024 · €3.4m+€716,251
Cash
€2.0m
2024 · €840,833+€1.1m
Balance sheet total
€9.5m
2024 · €8.6m+€880,301
Largest movements
Assets
- Cash +€1.1m
up €1.1m (+132.0%), from €840,833 to €2.0m
mainly Depreciation (+€941,641) and Net result for the year (+€716,251)
- Current investments -€700,000
down €700,000 (-100.0%), from €700,000 to €0
- Receivables within one year +€567,520
up €567,520 (+19.4%), from €2.9m to €3.5m
of which Trade receivables: +€710,501
- Tangible fixed assets -€281,857
down €281,857 (-9.6%), from €2.9m to €2.6m
of which Plant, machinery and equipment: -€212,202
- Stocks and contracts +€205,789
up €205,789 (+20.3%), from €1.0m to €1.2m
Equity and liabilities
- Reserves +€716,251
up €716,251 (+50.2%), from €1.4m to €2.1m
of which Distributable reserves: +€716,251
- Trade debts +€331,016
up €331,016 (+10.0%), from €3.3m to €3.7m
- Debts after one year -€226,904
down €226,904 (-30.0%), from €756,756 to €529,853
- Tax, wage and social debts +€132,380
up €132,380 (+95.8%), from €138,114 to €270,494
of which Taxes: +€122,417
Income statement
- Turnover -€17.4m
down €17.4m (-43.0%), from €40.4m to €23.0m
- Goods and materials -€11.2m
down €11.2m (-45.5%), from €24.6m to €13.4m
of which Purchases: -€11.1m
- Services and other goods -€4.4m
down €4.4m (-37.4%), from €11.8m to €7.4m
- Other operating income +€584,576
up €584,576 (+237.4%), from €246,219 to €830,795
- Depreciation -€425,890
down €425,890 (-31.1%), from €1.4m to €941,641
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.
Result 2024
€912,603
Turnover
-€17.4m
Other operating income
+€584,576
Goods and materials
+€11.2m
Services and other goods
+€4.4m
Staff costs
+€395,637
Depreciation
+€425,890
Write-downs
+€139,134
Other operating charges
+€26,869
Other operating items
-€94,856
Financial income
-€1,322
Financial charges
+€57,229
Taxes
+€61,507
Result 2025
€716,251
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.
From operations
+€1.3m
Investment
+€82,951
Financing
-€298,914
Cash 2024
€840,833
From operations (derived)
+€1.3m
Net result for the year
+€716,251
Depreciation
+€941,641
Stocks and contracts
-€205,789
Receivables within one year
-€567,520
Deferred charges and accrued income
-€21,364
Trade debts
+€331,016
Tax, wage and social debts
+€132,380
Other debts
-€431
Investment (derived)
+€82,951
Investment in fixed assets (net)
-€617,049
Current investments
+€700,000
Financing
-€298,914
Debts after one year
-€226,904
Current portion of long-term debt
-€72,011
Cash 2025
€2.0m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,638,317 | €9,518,618 | +€880,301 | +10.2% |
| Fixed assets | 21/28 | €3,132,429 | €2,807,837 | -€324,592 | -10.4% |
| Intangible fixed assets | 21 | €95,215 | €56,980 | -€38,235 | -40.2% |
| Tangible fixed assets | 22/27 | €2,931,823 | €2,649,967 | -€281,857 | -9.6% |
| Land and buildings | 22 | €328,621 | €378,276 | +€49,655 | +15.1% |
| Plant, machinery and equipment | 23 | €2,078,804 | €1,866,601 | -€212,202 | -10.2% |
| Furniture and vehicles | 24 | €496,947 | €390,530 | -€106,417 | -21.4% |
| Leasing and similar rights | 25 | €27,451 | €14,559 | -€12,893 | -47.0% |
| Financial fixed assets | 28 | €105,390 | €100,890 | -€4,500 | -4.3% |
| Affiliated companies | 280/1 | €105,255 | €100,755 | -€4,500 | -4.3% |
| Participating interests | 280 | €755 | €755 | = | 0.0% |
| Amounts receivable | 281 | €104,500 | €100,000 | -€4,500 | -4.3% |
| Other financial fixed assets | 284/8 | €135 | €135 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €5,505,888 | €6,710,781 | +€1.2m | +21.9% |
| Stocks and contracts in progress | 3 | €1,013,564 | €1,219,352 | +€205,789 | +20.3% |
| Stocks | 30/36 | €1,013,564 | €1,219,352 | +€205,789 | +20.3% |
| Goods purchased for resale | 34 | €1,013,564 | €1,219,352 | +€205,789 | +20.3% |
| Amounts receivable within one year | 40/41 | €2,931,676 | €3,499,196 | +€567,520 | +19.4% |
| Trade receivables | 40 | €2,356,639 | €3,067,139 | +€710,501 | +30.1% |
| Other amounts receivable | 41 | €575,038 | €432,057 | -€142,981 | -24.9% |
| Current investments | 50/53 | €700,000 | €0 | -€700,000 | -100.0% |
| Other investments | 51/53 | €700,000 | €0 | -€700,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €840,833 | €1,951,054 | +€1.1m | +132.0% |
| Deferred charges and accrued income | 490/1 | €19,815 | €41,179 | +€21,364 | +107.8% |
| Total equity and liabilities | 10/49 | €8,638,317 | €9,518,618 | +€880,301 | +10.2% |
| Equity | 10/15 | €3,434,606 | €4,150,857 | +€716,251 | +20.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,426,085 | €2,142,336 | +€716,251 | +50.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,426,085 | €2,142,336 | +€716,251 | +50.2% |
| Profit (loss) carried forward | 14 | €1,988,521 | €1,988,521 | = | 0.0% |
| Amounts payable | 17/49 | €5,203,711 | €5,367,761 | +€164,050 | +3.2% |
| Amounts payable after more than one year | 17 | €756,756 | €529,853 | -€226,904 | -30.0% |
| Financial debts | 170/4 | €756,756 | €529,853 | -€226,904 | -30.0% |
| Leasing and similar obligations | 172 | €15,119 | €3,385 | -€11,734 | -77.6% |
| Credit institutions | 173 | €741,637 | €526,468 | -€215,170 | -29.0% |
| Amounts payable within one year | 42/48 | €4,437,455 | €4,828,409 | +€390,954 | +8.8% |
| Current portion of amounts payable after more than one year | 42 | €298,914 | €226,904 | -€72,011 | -24.1% |
| Trade debts | 44 | €3,320,123 | €3,651,139 | +€331,016 | +10.0% |
| Suppliers | 440/4 | €3,320,123 | €3,651,139 | +€331,016 | +10.0% |
| Taxes, remuneration and social security | 45 | €138,114 | €270,494 | +€132,380 | +95.8% |
| Taxes | 450/3 | €18,065 | €140,483 | +€122,417 | +677.6% |
| Remuneration and social security | 454/9 | €120,049 | €130,012 | +€9,963 | +8.3% |
| Other amounts payable | 47/48 | €680,303 | €679,872 | -€431 | -0.1% |
| Accrued charges and deferred income | 492/3 | €9,500 | €9,500 | = | 0.0% |
| Operating income | 70/76A | €40,741,411 | €23,845,250 | -€16.9m | -41.5% |
| Turnover | 70 | €40,400,336 | €23,014,456 | -€17.4m | -43.0% |
| Other operating income | 74 | €246,219 | €830,795 | +€584,576 | +237.4% |
| Non-recurring operating income | 76A | €94,856 | €0 | -€94,856 | -100.0% |
| Operating charges | 60/66A | €39,422,325 | €22,839,931 | -€16.6m | -42.1% |
| Goods for resale, raw materials and consumables | 60 | €24,596,837 | €13,404,739 | -€11.2m | -45.5% |
| Purchases | 600/8 | €24,731,141 | €13,609,528 | -€11.1m | -45.0% |
| Change in stocks: decrease (increase) | 609 | -€134,304 | -€204,789 | -€70,485 | -52.5% |
| Services and other goods | 61 | €11,766,994 | €7,364,228 | -€4.4m | -37.4% |
| Remuneration, social security and pensions | 62 | €1,468,347 | €1,072,710 | -€395,637 | -26.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,367,531 | €941,641 | -€425,890 | -31.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €157,817 | €18,683 | -€139,134 | -88.2% |
| Other operating charges | 640/8 | €64,799 | €37,930 | -€26,869 | -41.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Operating profit (loss) | 9901 | €1,319,086 | €1,005,319 | -€313,766 | -23.8% |
| Financial income | 75/76B | €29,445 | €28,124 | -€1,322 | -4.5% |
| Recurring financial income | 75 | €29,445 | €28,124 | -€1,322 | -4.5% |
| Income from current assets | 751 | €22,669 | €19,503 | -€3,166 | -14.0% |
| Other financial income | 752/9 | €6,776 | €8,621 | +€1,844 | +27.2% |
| Financial charges | 65/66B | €114,494 | €57,265 | -€57,229 | -50.0% |
| Recurring financial charges | 65 | €114,494 | €57,265 | -€57,229 | -50.0% |
| Debt charges | 650 | €102,659 | €56,013 | -€46,646 | -45.4% |
| Other financial charges | 652/9 | €11,834 | €1,251 | -€10,583 | -89.4% |
| Profit (loss) for the period before taxes | 9903 | €1,234,037 | €976,179 | -€257,859 | -20.9% |
| Income taxes | 67/77 | €321,434 | €259,928 | -€61,507 | -19.1% |
| Taxes | 670/3 | €321,434 | €260,249 | -€61,185 | -19.0% |
| Tax adjustments and reversals of tax provisions | 77 | - | €321 | +€321 | |
| Profit (loss) for the period | 9904 | €912,603 | €716,251 | -€196,352 | -21.5% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €912,603 | €716,251 | -€196,352 | -21.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.