JP DEVELOPMENT: 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.
JP DEVELOPMENT
Largest movements
- Cash -€145,486
down €145,486 (-84.3%), from €172,524 to €27,037
- Receivables within one year -€76,542
down €76,542 (-10.0%), from €767,296 to €690,754
of which Trade receivables: -€101,599
- Tangible fixed assets -€35,251
down €35,251 (-64.0%), from €55,073 to €19,822
of which Furniture and vehicles: -€32,692
- Deferred charges and accrued income +€26,264
up €26,264 (+67.0%), from €39,227 to €65,492
- Trade debts -€256,759
down €256,759 (-45.3%), from €567,395 to €310,636
- Short-term financial debts -€227,343
down €227,343 (-92.4%), from €246,148 to €18,804
- Tax, wage and social debts +€205,293
up €205,293 (+638.4%), from €32,156 to €237,448
of which Remuneration and social security: +€144,342
- Debts after one year +€80,652
up €80,652 (+806.2%), from €10,004 to €90,656
- Profit (loss) carried forward -€48,614
down €48,614 (-22.9%), from €212,361 to €163,747
- Staff costs +€219,602
up €219,602 (+21.9%), from €1.0m to €1.2m
- Gross operating margin +€156,461
up €156,461 (+13.4%), from €1.2m to €1.3m
- Financial charges +€59,937
up €59,937 (+163.9%), from €36,563 to €96,499
- Taxes -€20,862
down €20,862, from €20,750 to -€112
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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,098,304 | €867,718 | -€230,586 | -21.0% |
| Fixed assets | 21/28 | €55,343 | €19,822 | -€35,521 | -64.2% |
| Tangible fixed assets | 22/27 | €55,073 | €19,822 | -€35,251 | -64.0% |
| Plant, machinery and equipment | 23 | €890 | - | -€890 | |
| Furniture and vehicles | 24 | €38,050 | €5,358 | -€32,692 | -85.9% |
| Other tangible fixed assets | 26 | €16,133 | €14,464 | -€1,669 | -10.3% |
| Financial fixed assets | 28 | €270 | - | -€270 | |
| Current assets | 29/58 | €1,042,961 | €847,896 | -€195,065 | -18.7% |
| Stocks and contracts in progress | 3 | €63,914 | €64,613 | +€700 | +1.1% |
| Stocks | 30/36 | €63,914 | €64,613 | +€700 | +1.1% |
| Amounts receivable within one year | 40/41 | €767,296 | €690,754 | -€76,542 | -10.0% |
| Trade receivables | 40 | €344,292 | €242,693 | -€101,599 | -29.5% |
| Other amounts receivable | 41 | €423,004 | €448,060 | +€25,057 | +5.9% |
| Cash at bank and in hand | 54/58 | €172,524 | €27,037 | -€145,486 | -84.3% |
| Deferred charges and accrued income | 490/1 | €39,227 | €65,492 | +€26,264 | +67.0% |
| Total equity and liabilities | 10/49 | €1,098,304 | €867,718 | -€230,586 | -21.0% |
| Equity | 10/15 | €220,421 | €171,807 | -€48,614 | -22.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €212,361 | €163,747 | -€48,614 | -22.9% |
| Amounts payable | 17/49 | €877,883 | €695,911 | -€181,972 | -20.7% |
| Amounts payable after more than one year | 17 | €10,004 | €90,656 | +€80,652 | +806.2% |
| Financial debts | 170/4 | €10,004 | €90,656 | +€80,652 | +806.2% |
| Amounts payable within one year | 42/48 | €864,105 | €605,255 | -€258,850 | -30.0% |
| Current portion of amounts payable after more than one year | 42 | €18,406 | €38,366 | +€19,960 | +108.4% |
| Financial debts | 43 | €246,148 | €18,804 | -€227,343 | -92.4% |
| Credit institutions | 430/8 | €246,148 | €18,804 | -€227,343 | -92.4% |
| Trade debts | 44 | €567,395 | €310,636 | -€256,759 | -45.3% |
| Suppliers | 440/4 | €567,395 | €310,636 | -€256,759 | -45.3% |
| Taxes, remuneration and social security | 45 | €32,156 | €237,448 | +€205,293 | +638.4% |
| Taxes | 450/3 | €1,567 | €62,517 | +€60,950 | +3890.2% |
| Remuneration and social security | 454/9 | €30,589 | €174,931 | +€144,342 | +471.9% |
| Accrued charges and deferred income | 492/3 | €3,774 | - | -€3,774 | |
| Remuneration, social security and pensions | 62 | €1,003,886 | €1,223,489 | +€219,602 | +21.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,027 | €30,780 | -€9,247 | -23.1% |
| Other operating charges | 640/8 | €13,561 | €26,692 | +€13,131 | +96.8% |
| Gross operating margin | 9900 | €1,167,482 | €1,323,944 | +€156,461 | +13.4% |
| Operating profit (loss) | 9901 | €110,009 | €42,984 | -€67,025 | -60.9% |
| Financial income | 75/76B | €996 | €4,790 | +€3,794 | +381.1% |
| Recurring financial income | 75 | €996 | €4,790 | +€3,794 | +381.1% |
| Financial charges | 65/66B | €36,563 | €96,499 | +€59,937 | +163.9% |
| Recurring financial charges | 65 | €36,563 | €96,499 | +€59,937 | +163.9% |
| Profit (loss) for the period before taxes | 9903 | €74,441 | -€48,726 | -€123,167 | |
| Income taxes | 67/77 | €20,750 | -€112 | -€20,862 | |
| Profit (loss) for the period | 9904 | €53,691 | -€48,614 | -€102,305 | |
| Profit (loss) for the period to be appropriated | 9905 | €53,691 | -€48,614 | -€102,305 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.