JOPEG: 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.
JOPEG
Largest movements
- Deferred charges and accrued income +€434
new in 2025: €434
- Cash -€181
down €181 (-28.8%), from €630 to €449
mainly Net result for the year (-€443) and Deferred charges and accrued income (-€434)
- Other debts +€945
up €945 (+4.7%), from €20,161 to €21,106
- Profit (loss) carried forward -€443
down €443 (-1.7%), from -€26,655 to -€27,098
- Trade debts -€188
down €188 (-38.7%), from €486 to €298
- Tax, wage and social debts -€62
down €62 (-15.8%), from €388 to €327
- Gross operating margin -€3,090
down €3,090 (-94.4%), from €3,273 to €182
- Other operating charges +€156
up €156 (+42.8%), from €364 to €520
- Taxes -€107
no longer reported in 2025 (was €107)
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 | €630 | €883 | +€252 | +40.0% |
| Current assets | 29/58 | €630 | €883 | +€252 | +40.0% |
| Cash at bank and in hand | 54/58 | €630 | €449 | -€181 | -28.8% |
| Deferred charges and accrued income | 490/1 | - | €434 | +€434 | |
| Total equity and liabilities | 10/49 | €630 | €883 | +€252 | +40.0% |
| Equity | 10/15 | -€20,405 | -€20,848 | -€443 | -2.2% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,655 | -€27,098 | -€443 | -1.7% |
| Amounts payable | 17/49 | €21,035 | €21,730 | +€695 | +3.3% |
| Amounts payable within one year | 42/48 | €21,035 | €21,730 | +€695 | +3.3% |
| Trade debts | 44 | €486 | €298 | -€188 | -38.7% |
| Suppliers | 440/4 | €486 | €298 | -€188 | -38.7% |
| Taxes, remuneration and social security | 45 | €388 | €327 | -€62 | -15.8% |
| Taxes | 450/3 | €388 | €327 | -€62 | -15.8% |
| Other amounts payable | 47/48 | €20,161 | €21,106 | +€945 | +4.7% |
| Other operating charges | 640/8 | €364 | €520 | +€156 | +42.8% |
| Gross operating margin | 9900 | €3,273 | €182 | -€3,090 | -94.4% |
| Operating profit (loss) | 9901 | €2,909 | -€337 | -€3,246 | |
| Financial charges | 65/66B | €84 | €105 | +€21 | +25.4% |
| Recurring financial charges | 65 | €84 | €105 | +€21 | +25.4% |
| Profit (loss) for the period before taxes | 9903 | €2,825 | -€443 | -€3,267 | |
| Income taxes | 67/77 | €107 | - | -€107 | |
| Profit (loss) for the period | 9904 | €2,717 | -€443 | -€3,160 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,717 | -€443 | -€3,160 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.