JOPIE: 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.
JOPIE
Largest movements
- Receivables within one year +€411,721
up €411,721 (+72.6%), from €567,438 to €979,159
of which Trade receivables: +€455,544
- Stocks and contracts +€173,764
up €173,764 (+21.8%), from €796,421 to €970,185
- Cash +€122,390
up €122,390 (+66.4%), from €184,452 to €306,842
mainly Advances received (+€430,703) and Depreciation (+€142,000)
- Tangible fixed assets -€48,419
down €48,419 (-3.3%), from €1.5m to €1.4m
of which Land and buildings: -€101,816
- Advances received +€430,703
up €430,703 (+82.8%), from €520,254 to €950,957
- Reserves +€136,304
up €136,304 (+23.3%), from €584,576 to €720,879
of which Distributable reserves: +€136,304
- Debts after one year +€55,205
up €55,205 (+4.5%), from €1.2m to €1.3m
- Gross operating margin +€188,689
up €188,689 (+38.8%), from €486,141 to €674,830
- Staff costs +€105,353
up €105,353 (+56.8%), from €185,479 to €290,832
- Financial charges -€51,441
down €51,441 (-66.5%), from €77,373 to €25,932
- Taxes +€40,978
up €40,978 (+174%), from €23,583 to €64,561
- Depreciation -€36,090
down €36,090 (-20.3%), from €178,090 to €142,000
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 | €3,359,065 | €4,009,914 | +€650,849 | +19.4% |
| Fixed assets | 21/28 | €1,809,011 | €1,753,591 | -€55,419 | -3.1% |
| Intangible fixed assets | 21 | €353,838 | €346,838 | -€7,000 | -2.0% |
| Tangible fixed assets | 22/27 | €1,455,173 | €1,406,754 | -€48,419 | -3.3% |
| Land and buildings | 22 | €1,433,036 | €1,331,220 | -€101,816 | -7.1% |
| Plant, machinery and equipment | 23 | €12,452 | €10,289 | -€2,163 | -17.4% |
| Furniture and vehicles | 24 | €9,685 | €65,245 | +€55,560 | +574% |
| Current assets | 29/58 | €1,550,054 | €2,256,322 | +€706,268 | +45.6% |
| Stocks and contracts in progress | 3 | €796,421 | €970,185 | +€173,764 | +21.8% |
| Stocks | 30/36 | €796,421 | €970,185 | +€173,764 | +21.8% |
| Amounts receivable within one year | 40/41 | €567,438 | €979,159 | +€411,721 | +72.6% |
| Trade receivables | 40 | €460,817 | €916,361 | +€455,544 | +98.9% |
| Other amounts receivable | 41 | €106,621 | €62,798 | -€43,823 | -41.1% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €184,452 | €306,842 | +€122,390 | +66.4% |
| Deferred charges and accrued income | 490/1 | €1,743 | €136 | -€1,608 | -92.2% |
| Total equity and liabilities | 10/49 | €3,359,065 | €4,009,914 | +€650,849 | +19.4% |
| Equity | 10/15 | €646,576 | €782,879 | +€136,304 | +21.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €584,576 | €720,879 | +€136,304 | +23.3% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €578,376 | €714,679 | +€136,304 | +23.6% |
| Amounts payable | 17/49 | €2,712,489 | €3,227,034 | +€514,545 | +19.0% |
| Amounts payable after more than one year | 17 | €1,213,555 | €1,268,760 | +€55,205 | +4.5% |
| Financial debts | 170/4 | €1,213,555 | €1,268,760 | +€55,205 | +4.5% |
| Amounts payable within one year | 42/48 | €1,488,856 | €1,951,124 | +€462,268 | +31.0% |
| Current portion of amounts payable after more than one year | 42 | €130,732 | €144,795 | +€14,064 | +10.8% |
| Trade debts | 44 | €311,782 | €350,069 | +€38,288 | +12.3% |
| Suppliers | 440/4 | €311,782 | €350,069 | +€38,288 | +12.3% |
| Advances received on contracts in progress | 46 | €520,254 | €950,957 | +€430,703 | +82.8% |
| Taxes, remuneration and social security | 45 | €54,509 | €39,719 | -€14,790 | -27.1% |
| Taxes | 450/3 | €23,612 | €4,718 | -€18,894 | -80.0% |
| Remuneration and social security | 454/9 | €30,897 | €35,001 | +€4,104 | +13.3% |
| Other amounts payable | 47/48 | €471,580 | €465,583 | -€5,997 | -1.3% |
| Accrued charges and deferred income | 492/3 | €10,077 | €7,150 | -€2,927 | -29.0% |
| Remuneration, social security and pensions | 62 | €185,479 | €290,832 | +€105,353 | +56.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €178,090 | €142,000 | -€36,090 | -20.3% |
| Other operating charges | 640/8 | €18,222 | €15,582 | -€2,640 | -14.5% |
| Gross operating margin | 9900 | €486,141 | €674,830 | +€188,689 | +38.8% |
| Operating profit (loss) | 9901 | €104,349 | €226,416 | +€122,066 | +117% |
| Financial income | 75/76B | €520 | €381 | -€139 | -26.7% |
| Recurring financial income | 75 | €520 | €381 | -€139 | -26.7% |
| Financial charges | 65/66B | €77,373 | €25,932 | -€51,441 | -66.5% |
| Recurring financial charges | 65 | €77,373 | €25,932 | -€51,441 | -66.5% |
| Profit (loss) for the period before taxes | 9903 | €27,497 | €200,865 | +€173,368 | +631% |
| Income taxes | 67/77 | €23,583 | €64,561 | +€40,978 | +174% |
| Profit (loss) for the period | 9904 | €3,913 | €136,304 | +€132,390 | +3,383% |
| Profit (loss) for the period to be appropriated | 9905 | €3,913 | €136,304 | +€132,390 | +3,383% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.