JP 52: 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.
JP 52
Largest movements
- Cash +€508
up €508 (+127%), from €399 to €907
mainly Net result for the year (+€5,069) and Depreciation (+€477)
- Formation expenses -€478
down €478 (-32.3%), from €1,478 to €1,000
- Profit (loss) carried forward +€5,069
up €5,069 (+42.3%), from -€11,983 to -€6,914
- Other debts -€4,899
down €4,899 (-15.0%), from €32,722 to €27,823
- Gross operating margin +€1,510
up €1,510 (+27.5%), from €5,484 to €6,994
- Other operating charges -€1,205
down €1,205 (-90.1%), from €1,337 to €132
- Financial charges +€542
up €542 (+70.1%), from €773 to €1,315
- Depreciation +€140
up €140 (+41.7%), from €337 to €477
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 | €39,908 | €40,302 | +€394 | +1.0% |
| Formation expenses | 20 | €1,478 | €1,000 | -€478 | -32.3% |
| Current assets | 29/58 | €38,430 | €39,302 | +€872 | +2.3% |
| Stocks and contracts in progress | 3 | €35,702 | €35,702 | -€0 | 0.0% |
| Stocks | 30/36 | €35,702 | €35,702 | -€0 | 0.0% |
| Amounts receivable within one year | 40/41 | €1,397 | €1,761 | +€364 | +26.0% |
| Trade receivables | 40 | €1,397 | €1,761 | +€364 | +26.0% |
| Cash at bank and in hand | 54/58 | €399 | €907 | +€508 | +127% |
| Deferred charges and accrued income | 490/1 | €932 | €932 | +€0 | 0.0% |
| Total equity and liabilities | 10/49 | €39,908 | €40,302 | +€394 | +1.0% |
| Equity | 10/15 | €6,617 | €11,686 | +€5,069 | +76.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,983 | -€6,914 | +€5,069 | +42.3% |
| Amounts payable | 17/49 | €33,291 | €28,615 | -€4,676 | -14.0% |
| Amounts payable within one year | 42/48 | €33,291 | €28,615 | -€4,676 | -14.0% |
| Trade debts | 44 | €368 | €376 | +€8 | +2.3% |
| Suppliers | 440/4 | €368 | €376 | +€8 | +2.3% |
| Taxes, remuneration and social security | 45 | €201 | €416 | +€215 | +107% |
| Taxes | 450/3 | €201 | €416 | +€215 | +107% |
| Other amounts payable | 47/48 | €32,722 | €27,823 | -€4,899 | -15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €337 | €477 | +€140 | +41.7% |
| Other operating charges | 640/8 | €1,337 | €132 | -€1,205 | -90.1% |
| Gross operating margin | 9900 | €5,484 | €6,994 | +€1,510 | +27.5% |
| Operating profit (loss) | 9901 | €3,810 | €6,385 | +€2,575 | +67.6% |
| Financial charges | 65/66B | €773 | €1,315 | +€542 | +70.1% |
| Recurring financial charges | 65 | €773 | €1,315 | +€542 | +70.1% |
| Profit (loss) for the period before taxes | 9903 | €3,037 | €5,069 | +€2,032 | +66.9% |
| Profit (loss) for the period | 9904 | €3,037 | €5,069 | +€2,032 | +66.9% |
| Profit (loss) for the period to be appropriated | 9905 | €3,037 | €5,069 | +€2,032 | +66.9% |
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 15 October 2026 via checked.be.