JP: what changed
JP
Largest movements
- Receivables within one year +€21,749
up €21,749 (+102%), from €21,287 to €43,035
of which Trade receivables: +€17,781
- Cash -€12,974
down €12,974 (-94.2%), from €13,767 to €793
mainly Receivables within one year (-€21,749) and Debts after one year (-€9,861)
- Reserves +€21,145
up €21,145 (+48.7%), from €43,388 to €64,533
- Debts after one year -€9,861
down €9,861 (-28.7%), from €34,373 to €24,512
- Current portion of long-term debt -€6,473
down €6,473 (-33.2%), from €19,494 to €13,021
- Trade debts -€5,392
down €5,392 (-44.3%), from €12,182 to €6,791
- Tax, wage and social debts +€4,804
up €4,804 (+46.9%), from €10,247 to €15,051
of which Remuneration and social security: +€2,500
- Taxes -€6,025
down €6,025 (-45.1%), from €13,352 to €7,327
- Gross operating margin -€2,204
down €2,204 (-6.4%), from €34,548 to €32,344
- Other operating charges -€852
down €852 (-60.3%), from €1,413 to €561
- Depreciation -€421
down €421 (-25.1%), from €1,677 to €1,256
- Financial charges -€385
down €385 (-11.2%), from €3,431 to €3,046
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €155,144 | €162,067 | +€6,923 | +4.5% |
| Fixed assets | 21/28 | €119,007 | €117,751 | -€1,256 | -1.1% |
| Tangible fixed assets | 22/27 | €94,507 | €93,251 | -€1,256 | -1.3% |
| Plant, machinery and equipment | 23 | €1,422 | €166 | -€1,256 | -88.3% |
| Furniture and vehicles | 24 | €85,000 | €85,000 | = | 0.0% |
| Other tangible fixed assets | 26 | €8,085 | €8,085 | = | 0.0% |
| Financial fixed assets | 28 | €24,500 | €24,500 | = | 0.0% |
| Current assets | 29/58 | €36,137 | €44,316 | +€8,179 | +22.6% |
| Amounts receivable within one year | 40/41 | €21,287 | €43,035 | +€21,749 | +102% |
| Trade receivables | 40 | €1,607 | €19,388 | +€17,781 | +1,107% |
| Other amounts receivable | 41 | €19,680 | €23,647 | +€3,968 | +20.2% |
| Cash at bank and in hand | 54/58 | €13,767 | €793 | -€12,974 | -94.2% |
| Deferred charges and accrued income | 490/1 | €1,083 | €487 | -€596 | -55.0% |
| Total equity and liabilities | 10/49 | €155,144 | €162,067 | +€6,923 | +4.5% |
| Equity | 10/15 | €63,848 | €84,993 | +€21,145 | +33.1% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Contributions outside capital | 11 | €20,460 | €20,460 | = | 0.0% |
| Other | 1109/19 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €43,388 | €64,533 | +€21,145 | +48.7% |
| Distributable reserves | 133 | €43,388 | €64,533 | +€21,145 | +48.7% |
| Amounts payable | 17/49 | €91,296 | €77,075 | -€14,222 | -15.6% |
| Amounts payable after more than one year | 17 | €34,373 | €24,512 | -€9,861 | -28.7% |
| Financial debts | 170/4 | €34,373 | €24,512 | -€9,861 | -28.7% |
| Amounts payable within one year | 42/48 | €56,924 | €52,563 | -€4,361 | -7.7% |
| Current portion of amounts payable after more than one year | 42 | €19,494 | €13,021 | -€6,473 | -33.2% |
| Trade debts | 44 | €12,182 | €6,791 | -€5,392 | -44.3% |
| Suppliers | 440/4 | €12,182 | €6,791 | -€5,392 | -44.3% |
| Taxes, remuneration and social security | 45 | €10,247 | €15,051 | +€4,804 | +46.9% |
| Taxes | 450/3 | €10,247 | €12,551 | +€2,304 | +22.5% |
| Remuneration and social security | 454/9 | - | €2,500 | +€2,500 | |
| Other amounts payable | 47/48 | €15,000 | €17,700 | +€2,700 | +18.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,677 | €1,256 | -€421 | -25.1% |
| Other operating charges | 640/8 | €1,413 | €561 | -€852 | -60.3% |
| Gross operating margin | 9900 | €34,548 | €32,344 | -€2,204 | -6.4% |
| Operating profit (loss) | 9901 | €31,458 | €30,528 | -€931 | -3.0% |
| Financial income | 75/76B | €746 | €990 | +€244 | +32.7% |
| Recurring financial income | 75 | €746 | €990 | +€244 | +32.7% |
| Financial charges | 65/66B | €3,431 | €3,046 | -€385 | -11.2% |
| Recurring financial charges | 65 | €3,431 | €3,046 | -€385 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | €28,774 | €28,472 | -€302 | -1.0% |
| Income taxes | 67/77 | €13,352 | €7,327 | -€6,025 | -45.1% |
| Profit (loss) for the period | 9904 | €15,422 | €21,145 | +€5,723 | +37.1% |
| Profit (loss) for the period to be appropriated | 9905 | €15,422 | €21,145 | +€5,723 | +37.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.