JOPO: 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.
JOPO
Largest movements
- Cash +€98,637
up €98,637 (+422.0%), from €23,374 to €122,011
mainly Net result for the year (+€83,977) and Advances received (+€63,724)
- Receivables within one year +€81,407
up €81,407 (+253.8%), from €32,081 to €113,488
of which Trade receivables: +€50,278
- Tangible fixed assets -€10,436
down €10,436 (-58.2%), from €17,928 to €7,491
- Reserves +€83,900
up €83,900 (+171.6%), from €48,889 to €132,789
- Advances received +€63,724
new in 2025: €63,724
- Tax, wage and social debts +€28,044
up €28,044 (+19429.2%), from €144 to €28,188
of which Taxes: +€19,119
- Gross operating margin +€113,378
up €113,378, from -€4,108 to €109,270
- Taxes +€21,402
up €21,402 (+14827.7%), from €144 to €21,547
- Financial income -€3,352
down €3,352 (-29.1%), from €11,523 to €8,171
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 | €233,383 | €405,145 | +€171,763 | +73.6% |
| Fixed assets | 21/28 | €17,928 | €7,491 | -€10,436 | -58.2% |
| Tangible fixed assets | 22/27 | €17,928 | €7,491 | -€10,436 | -58.2% |
| Furniture and vehicles | 24 | €17,928 | €7,491 | -€10,436 | -58.2% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €215,455 | €397,654 | +€182,199 | +84.6% |
| Amounts receivable after more than one year | 29 | €160,000 | €160,000 | = | 0.0% |
| Other amounts receivable | 291 | €160,000 | €160,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €32,081 | €113,488 | +€81,407 | +253.8% |
| Trade receivables | 40 | €2,386 | €52,664 | +€50,278 | +2107.0% |
| Other amounts receivable | 41 | €29,694 | €60,823 | +€31,129 | +104.8% |
| Cash at bank and in hand | 54/58 | €23,374 | €122,011 | +€98,637 | +422.0% |
| Deferred charges and accrued income | 490/1 | €0 | €2,155 | +€2,155 | |
| Total equity and liabilities | 10/49 | €233,383 | €405,145 | +€171,763 | +73.6% |
| Equity | 10/15 | €227,435 | €311,413 | +€83,977 | +36.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €48,889 | €132,789 | +€83,900 | +171.6% |
| Distributable reserves | 133 | €48,889 | €132,789 | +€83,900 | +171.6% |
| Profit (loss) carried forward | 14 | €177,546 | €177,623 | +€77 | 0.0% |
| Amounts payable | 17/49 | €5,947 | €93,733 | +€87,785 | +1476.1% |
| Amounts payable within one year | 42/48 | €5,947 | €93,733 | +€87,785 | +1476.1% |
| Trade debts | 44 | €5,803 | €1,820 | -€3,983 | -68.6% |
| Suppliers | 440/4 | €5,803 | €1,820 | -€3,983 | -68.6% |
| Advances received on contracts in progress | 46 | - | €63,724 | +€63,724 | |
| Taxes, remuneration and social security | 45 | €144 | €28,188 | +€28,044 | +19429.2% |
| Taxes | 450/3 | €144 | €19,263 | +€19,119 | +13245.9% |
| Remuneration and social security | 454/9 | €0 | €8,925 | +€8,925 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,436 | €10,436 | = | 0.0% |
| Other operating charges | 640/8 | €384 | €1,267 | +€882 | +229.5% |
| Gross operating margin | 9900 | -€4,108 | €109,270 | +€113,378 | |
| Operating profit (loss) | 9901 | -€14,929 | €97,567 | +€112,496 | |
| Financial income | 75/76B | €11,523 | €8,171 | -€3,352 | -29.1% |
| Recurring financial income | 75 | €11,523 | €8,171 | -€3,352 | -29.1% |
| Financial charges | 65/66B | €351 | €215 | -€137 | -38.9% |
| Recurring financial charges | 65 | €351 | €215 | -€137 | -38.9% |
| Profit (loss) for the period before taxes | 9903 | -€3,757 | €105,524 | +€109,281 | |
| Income taxes | 67/77 | €144 | €21,547 | +€21,402 | +14827.7% |
| Profit (loss) for the period | 9904 | -€3,901 | €83,977 | +€87,879 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,901 | €83,977 | +€87,879 |
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 3 October 2026 via checked.be.