JOPIDA: 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.
JOPIDA
Largest movements
- Cash +€144,174
up €144,174 (+68.0%), from €211,914 to €356,088
mainly Net result for the year (+€379,396) and Depreciation (+€193,537)
- Tangible fixed assets -€56,238
down €56,238 (-1.7%), from €3.4m to €3.3m
of which Land and buildings: -€34,885
- Current investments -€51,262
down €51,262 (-100%), from €51,262 to €0
- Debts after one year -€291,833
down €291,833 (-19.7%), from €1.5m to €1.2m
of which Financial debts: -€213,677
- Reserves +€265,769
up €265,769 (+14.7%), from €1.8m to €2.1m
of which Distributable reserves: +€265,769
- Trade debts +€62,716
up €62,716 (+29.4%), from €213,073 to €275,790
- Other operating charges -€74,313
down €74,313 (-81.2%), from €91,539 to €17,227
- Taxes +€28,838
up €28,838 (+20.2%), from €142,484 to €171,321
- Staff costs -€24,268
down €24,268 (-9.2%), from €263,655 to €239,386
- Depreciation +€21,636
up €21,636 (+12.6%), from €171,901 to €193,537
- Gross operating margin +€16,430
up €16,430 (+1.6%), from €1.0m to €1.1m
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 | €4,562,757 | €4,565,244 | +€2,487 | +0.1% |
| Fixed assets | 21/28 | €3,578,689 | €3,522,451 | -€56,238 | -1.6% |
| Tangible fixed assets | 22/27 | €3,381,689 | €3,325,451 | -€56,238 | -1.7% |
| Land and buildings | 22 | €3,170,615 | €3,135,731 | -€34,885 | -1.1% |
| Plant, machinery and equipment | 23 | €169,102 | €168,954 | -€148 | -0.1% |
| Furniture and vehicles | 24 | €41,972 | €20,766 | -€21,205 | -50.5% |
| Financial fixed assets | 28 | €197,000 | €197,000 | = | 0.0% |
| Current assets | 29/58 | €984,068 | €1,042,793 | +€58,725 | +6.0% |
| Stocks and contracts in progress | 3 | €250,889 | €249,672 | -€1,217 | -0.5% |
| Stocks | 30/36 | €250,889 | €249,672 | -€1,217 | -0.5% |
| Amounts receivable within one year | 40/41 | €459,816 | €425,488 | -€34,328 | -7.5% |
| Trade receivables | 40 | €209,431 | €213,449 | +€4,018 | +1.9% |
| Other amounts receivable | 41 | €250,385 | €212,040 | -€38,345 | -15.3% |
| Current investments | 50/53 | €51,262 | €0 | -€51,262 | -100% |
| Cash at bank and in hand | 54/58 | €211,914 | €356,088 | +€144,174 | +68.0% |
| Deferred charges and accrued income | 490/1 | €10,186 | €11,544 | +€1,358 | +13.3% |
| Total equity and liabilities | 10/49 | €4,562,757 | €4,565,244 | +€2,487 | +0.1% |
| Equity | 10/15 | €2,299,508 | €2,565,278 | +€265,769 | +11.6% |
| Contributions | 10/11 | €494,190 | €494,190 | = | 0.0% |
| Reserves | 13 | €1,805,318 | €2,071,088 | +€265,769 | +14.7% |
| Non-distributable reserves | 130/1 | €36,500 | €36,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €36,500 | €36,500 | = | 0.0% |
| Distributable reserves | 133 | €1,768,818 | €2,034,588 | +€265,769 | +15.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €2,263,248 | €1,999,966 | -€263,282 | -11.6% |
| Amounts payable after more than one year | 17 | €1,483,746 | €1,191,912 | -€291,833 | -19.7% |
| Financial debts | 170/4 | €1,405,589 | €1,191,912 | -€213,677 | -15.2% |
| Trade debts | 175 | €78,157 | €0 | -€78,157 | -100% |
| Amounts payable within one year | 42/48 | €775,121 | €807,679 | +€32,558 | +4.2% |
| Current portion of amounts payable after more than one year | 42 | €231,937 | €222,677 | -€9,261 | -4.0% |
| Trade debts | 44 | €213,073 | €275,790 | +€62,716 | +29.4% |
| Suppliers | 440/4 | €213,073 | €275,790 | +€62,716 | +29.4% |
| Taxes, remuneration and social security | 45 | €103,541 | €68,317 | -€35,224 | -34.0% |
| Taxes | 450/3 | €52,541 | €25,599 | -€26,941 | -51.3% |
| Remuneration and social security | 454/9 | €51,000 | €42,718 | -€8,282 | -16.2% |
| Other amounts payable | 47/48 | €226,570 | €240,896 | +€14,326 | +6.3% |
| Accrued charges and deferred income | 492/3 | €4,381 | €375 | -€4,006 | -91.4% |
| Remuneration, social security and pensions | 62 | €263,655 | €239,386 | -€24,268 | -9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €171,901 | €193,537 | +€21,636 | +12.6% |
| Other operating charges | 640/8 | €91,539 | €17,227 | -€74,313 | -81.2% |
| Gross operating margin | 9900 | €1,041,193 | €1,057,624 | +€16,430 | +1.6% |
| Operating profit (loss) | 9901 | €514,098 | €607,473 | +€93,375 | +18.2% |
| Financial income | 75/76B | €12,444 | €307 | -€12,137 | -97.5% |
| Recurring financial income | 75 | €12,444 | €307 | -€12,137 | -97.5% |
| Financial charges | 65/66B | €61,850 | €57,063 | -€4,788 | -7.7% |
| Recurring financial charges | 65 | €61,850 | €57,063 | -€4,788 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | €464,691 | €550,717 | +€86,026 | +18.5% |
| Income taxes | 67/77 | €142,484 | €171,321 | +€28,838 | +20.2% |
| Profit (loss) for the period | 9904 | €322,208 | €379,396 | +€57,189 | +17.7% |
| Profit (loss) for the period to be appropriated | 9905 | €322,208 | €379,396 | +€57,189 | +17.7% |
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 14 October 2026 via checked.be.