JP CARRELAGE: 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 CARRELAGE
Largest movements
- Stocks and contracts +€105,035
up €105,035 (+143%), from €73,271 to €178,306
- Tangible fixed assets -€12,715
down €12,715 (-29.6%), from €42,925 to €30,209
of which Furniture and vehicles: -€10,859
- Cash +€5,176
up €5,176 (+355%), from €1,456 to €6,632
mainly Debts after one year (+€94,418) and Net result for the year (+€23,833)
- Debts after one year +€94,418
up €94,418 (+335%), from €28,164 to €122,581
- Profit (loss) carried forward +€7,248
up €7,248 (+31.7%), from €22,867 to €30,115
- Advances received -€3,280
no longer reported in 2025 (was €3,280)
- Staff costs -€101,572
down €101,572 (-44.3%), from €229,268 to €127,697
- Gross operating margin -€93,502
down €93,502 (-35.2%), from €265,353 to €171,851
- Other operating charges -€6,635
down €6,635 (-77.6%), from €8,551 to €1,916
- Taxes +€3,892
up €3,892 (+119%), from €3,283 to €7,175
- Depreciation -€2,950
down €2,950 (-44.6%), from €6,612 to €3,662
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 | €134,336 | €232,355 | +€98,020 | +73.0% |
| Fixed assets | 21/28 | €42,925 | €30,209 | -€12,715 | -29.6% |
| Tangible fixed assets | 22/27 | €42,925 | €30,209 | -€12,715 | -29.6% |
| Land and buildings | 22 | €26,339 | €25,509 | -€830 | -3.2% |
| Plant, machinery and equipment | 23 | €1,793 | €767 | -€1,026 | -57.2% |
| Furniture and vehicles | 24 | €14,793 | €3,934 | -€10,859 | -73.4% |
| Current assets | 29/58 | €91,411 | €202,146 | +€110,735 | +121% |
| Stocks and contracts in progress | 3 | €73,271 | €178,306 | +€105,035 | +143% |
| Stocks | 30/36 | €73,271 | €178,306 | +€105,035 | +143% |
| Amounts receivable within one year | 40/41 | €16,683 | €17,208 | +€524 | +3.1% |
| Trade receivables | 40 | €11,300 | €9,870 | -€1,430 | -12.7% |
| Other amounts receivable | 41 | €5,383 | €7,337 | +€1,954 | +36.3% |
| Cash at bank and in hand | 54/58 | €1,456 | €6,632 | +€5,176 | +355% |
| Total equity and liabilities | 10/49 | €134,336 | €232,355 | +€98,020 | +73.0% |
| Equity | 10/15 | €25,867 | €33,115 | +€7,248 | +28.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,867 | €30,115 | +€7,248 | +31.7% |
| Amounts payable | 17/49 | €108,468 | €199,240 | +€90,772 | +83.7% |
| Amounts payable after more than one year | 17 | €28,164 | €122,581 | +€94,418 | +335% |
| Financial debts | 170/4 | €28,164 | €122,581 | +€94,418 | +335% |
| Amounts payable within one year | 42/48 | €80,305 | €76,659 | -€3,646 | -4.5% |
| Current portion of amounts payable after more than one year | 42 | €10,831 | €9,482 | -€1,350 | -12.5% |
| Trade debts | 44 | €31,678 | €32,904 | +€1,226 | +3.9% |
| Suppliers | 440/4 | €31,678 | €32,904 | +€1,226 | +3.9% |
| Advances received on contracts in progress | 46 | €3,280 | - | -€3,280 | |
| Taxes, remuneration and social security | 45 | €17,483 | €15,868 | -€1,616 | -9.2% |
| Taxes | 450/3 | €11,592 | €10,577 | -€1,015 | -8.8% |
| Remuneration and social security | 454/9 | €5,891 | €5,291 | -€601 | -10.2% |
| Other amounts payable | 47/48 | €17,032 | €18,406 | +€1,374 | +8.1% |
| Remuneration, social security and pensions | 62 | €229,268 | €127,697 | -€101,572 | -44.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,612 | €3,662 | -€2,950 | -44.6% |
| Other operating charges | 640/8 | €8,551 | €1,916 | -€6,635 | -77.6% |
| Non-recurring operating charges | 66A | - | €2,029 | +€2,029 | |
| Gross operating margin | 9900 | €265,353 | €171,851 | -€93,502 | -35.2% |
| Operating profit (loss) | 9901 | €20,921 | €36,548 | +€15,627 | +74.7% |
| Financial income | 75/76B | €106 | €82 | -€23 | -22.0% |
| Recurring financial income | 75 | €106 | €82 | -€23 | -22.0% |
| Financial charges | 65/66B | €5,867 | €5,622 | -€244 | -4.2% |
| Recurring financial charges | 65 | €5,867 | €5,622 | -€244 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | €15,160 | €31,008 | +€15,848 | +105% |
| Income taxes | 67/77 | €3,283 | €7,175 | +€3,892 | +119% |
| Profit (loss) for the period | 9904 | €11,877 | €23,833 | +€11,956 | +101% |
| Profit (loss) for the period to be appropriated | 9905 | €11,877 | €23,833 | +€11,956 | +101% |
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 24 October 2026 via checked.be.