JOPO: 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.
JOPO
Largest movements
- Cash -€106,117
down €106,117 (-77.2%), from €137,439 to €31,322
mainly Contributions, distributions and other (-€160,000) and Net result for the year (-€25,026)
- Tangible fixed assets -€12,513
down €12,513 (-28.0%), from €44,644 to €32,131
- Receivables within one year -€5,240
down €5,240 (-26.6%), from €19,711 to €14,470
of which Other amounts receivable: -€5,765
- Reserves -€160,000
down €160,000 (-97.9%), from €163,443 to €3,443
- Other debts +€57,174
up €57,174 (+17,915%), from €319 to €57,493
- Profit (loss) carried forward -€25,026
new in 2025: -€25,026
- Tax, wage and social debts +€4,712
up €4,712 (+14.5%), from €32,461 to €37,173
of which Taxes: +€4,712
- Gross operating margin -€55,933
down €55,933 (-65.7%), from €85,168 to €29,236
- Financial charges +€40,237
up €40,237 (+13,108%), from €307 to €40,544
- Taxes -€14,447
down €14,447 (-98.8%), from €14,628 to €181
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 | €203,271 | €79,880 | -€123,391 | -60.7% |
| Fixed assets | 21/28 | €44,644 | €32,131 | -€12,513 | -28.0% |
| Tangible fixed assets | 22/27 | €44,644 | €32,131 | -€12,513 | -28.0% |
| Furniture and vehicles | 24 | €44,644 | €32,131 | -€12,513 | -28.0% |
| Current assets | 29/58 | €158,627 | €47,750 | -€110,878 | -69.9% |
| Amounts receivable within one year | 40/41 | €19,711 | €14,470 | -€5,240 | -26.6% |
| Trade receivables | 40 | €13,914 | €14,438 | +€525 | +3.8% |
| Other amounts receivable | 41 | €5,797 | €32 | -€5,765 | -99.4% |
| Cash at bank and in hand | 54/58 | €137,439 | €31,322 | -€106,117 | -77.2% |
| Deferred charges and accrued income | 490/1 | €1,478 | €1,957 | +€479 | +32.4% |
| Total equity and liabilities | 10/49 | €203,271 | €79,880 | -€123,391 | -60.7% |
| Equity | 10/15 | €167,443 | -€17,583 | -€185,026 | |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €163,443 | €3,443 | -€160,000 | -97.9% |
| Distributable reserves | 133 | €163,443 | €3,443 | -€160,000 | -97.9% |
| Profit (loss) carried forward | 14 | - | -€25,026 | -€25,026 | |
| Amounts payable | 17/49 | €35,829 | €97,463 | +€61,635 | +172% |
| Amounts payable within one year | 42/48 | €34,904 | €96,538 | +€61,635 | +177% |
| Trade debts | 44 | €2,123 | €1,872 | -€251 | -11.8% |
| Suppliers | 440/4 | €2,123 | €1,872 | -€251 | -11.8% |
| Taxes, remuneration and social security | 45 | €32,461 | €37,173 | +€4,712 | +14.5% |
| Taxes | 450/3 | €28,261 | €32,973 | +€4,712 | +16.7% |
| Remuneration and social security | 454/9 | €4,200 | €4,200 | = | 0.0% |
| Other amounts payable | 47/48 | €319 | €57,493 | +€57,174 | +17,915% |
| Accrued charges and deferred income | 492/3 | €925 | €925 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,513 | €12,513 | = | 0.0% |
| Other operating charges | 640/8 | €1,005 | €1,106 | +€101 | +10.0% |
| Non-recurring operating charges | 66A | €1,261 | €0 | -€1,261 | -100% |
| Gross operating margin | 9900 | €85,168 | €29,236 | -€55,933 | -65.7% |
| Operating profit (loss) | 9901 | €70,389 | €15,617 | -€54,772 | -77.8% |
| Financial income | 75/76B | €261 | €82 | -€179 | -68.6% |
| Recurring financial income | 75 | €261 | €82 | -€179 | -68.6% |
| Financial charges | 65/66B | €307 | €40,544 | +€40,237 | +13,108% |
| Recurring financial charges | 65 | €307 | €40,544 | +€40,237 | +13,108% |
| Profit (loss) for the period before taxes | 9903 | €70,343 | -€24,845 | -€95,188 | |
| Income taxes | 67/77 | €14,628 | €181 | -€14,447 | -98.8% |
| Profit (loss) for the period | 9904 | €55,715 | -€25,026 | -€80,741 | |
| Profit (loss) for the period to be appropriated | 9905 | €55,715 | -€25,026 | -€80,741 |
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.