Jopax: 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.
Jopax
Largest movements
- Cash +€11,713
up €11,713 (+16.6%), from €70,397 to €82,110
mainly Net result for the year (+€21,511) and Depreciation (+€1,674)
- Receivables within one year +€6,341
up €6,341 (+71.2%), from €8,907 to €15,248
of which Trade receivables: +€6,597
- Tangible fixed assets +€2,926
up €2,926 (+62.2%), from €4,704 to €7,630
of which Furniture and vehicles: +€3,074
- Profit (loss) carried forward +€21,511
up €21,511 (+23.0%), from €93,503 to €115,014
- Trade debts -€1,729
down €1,729 (-54.6%), from €3,168 to €1,439
- Gross operating margin +€19,727
up €19,727 (+155.6%), from €12,681 to €32,408
- Taxes +€4,332
up €4,332 (+118.9%), from €3,642 to €7,974
- Depreciation +€575
up €575 (+52.3%), from €1,100 to €1,674
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 | €106,334 | €126,427 | +€20,093 | +18.9% |
| Fixed assets | 21/28 | €4,704 | €7,630 | +€2,926 | +62.2% |
| Tangible fixed assets | 22/27 | €4,704 | €7,630 | +€2,926 | +62.2% |
| Plant, machinery and equipment | 23 | €357 | €208 | -€149 | -41.6% |
| Furniture and vehicles | 24 | €4,347 | €7,421 | +€3,074 | +70.7% |
| Current assets | 29/58 | €101,630 | €118,797 | +€17,167 | +16.9% |
| Stocks and contracts in progress | 3 | €21,000 | €20,000 | -€1,000 | -4.8% |
| Stocks | 30/36 | €21,000 | €20,000 | -€1,000 | -4.8% |
| Amounts receivable within one year | 40/41 | €8,907 | €15,248 | +€6,341 | +71.2% |
| Trade receivables | 40 | - | €6,597 | +€6,597 | |
| Other amounts receivable | 41 | €8,907 | €8,651 | -€257 | -2.9% |
| Cash at bank and in hand | 54/58 | €70,397 | €82,110 | +€11,713 | +16.6% |
| Deferred charges and accrued income | 490/1 | €1,326 | €1,439 | +€113 | +8.5% |
| Total equity and liabilities | 10/49 | €106,334 | €126,427 | +€20,093 | +18.9% |
| Equity | 10/15 | €102,503 | €124,014 | +€21,511 | +21.0% |
| Contributions | 10/11 | €9,000 | €9,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €93,503 | €115,014 | +€21,511 | +23.0% |
| Amounts payable | 17/49 | €3,831 | €2,413 | -€1,418 | -37.0% |
| Amounts payable within one year | 42/48 | €3,831 | €2,413 | -€1,418 | -37.0% |
| Trade debts | 44 | €3,168 | €1,439 | -€1,729 | -54.6% |
| Suppliers | 440/4 | €3,168 | €1,439 | -€1,729 | -54.6% |
| Taxes, remuneration and social security | 45 | €664 | €974 | +€311 | +46.8% |
| Taxes | 450/3 | €664 | €974 | +€311 | +46.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,100 | €1,674 | +€575 | +52.3% |
| Other operating charges | 640/8 | €763 | €858 | +€95 | +12.5% |
| Gross operating margin | 9900 | €12,681 | €32,408 | +€19,727 | +155.6% |
| Operating profit (loss) | 9901 | €10,819 | €29,876 | +€19,057 | +176.1% |
| Financial income | 75/76B | €0 | €0 | +€0 | +1200.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +1200.0% |
| Financial charges | 65/66B | €331 | €391 | +€59 | +17.9% |
| Recurring financial charges | 65 | €331 | €391 | +€59 | +17.9% |
| Profit (loss) for the period before taxes | 9903 | €10,488 | €29,486 | +€18,998 | +181.1% |
| Income taxes | 67/77 | €3,642 | €7,974 | +€4,332 | +118.9% |
| Profit (loss) for the period | 9904 | €6,845 | €21,511 | +€14,666 | +214.3% |
| Profit (loss) for the period to be appropriated | 9905 | €6,845 | €21,511 | +€14,666 | +214.3% |
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.