JP MANAGEMENT: 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 MANAGEMENT
Largest movements
- Receivables within one year +€300,760
new in 2025: €300,760
- Current investments -€265,499
down €265,499 (-89.1%), from €298,099 to €32,600
- Cash +€46,665
up €46,665 (+19.5%), from €239,224 to €285,889
mainly Current investments (+€265,499) and Net result for the year (+€212,333)
- Receivables after one year -€15,302
down €15,302 (-100%), from €15,302 to €0
- Reserves +€50,330
up €50,330 (+10.1%), from €499,835 to €550,165
- Tax, wage and social debts +€17,200
up €17,200 (+244%), from €7,036 to €24,236
of which Taxes: +€17,163
- Gross operating margin +€68,757
up €68,757 (+46.6%), from €147,620 to €216,377
- Financial income +€37,139
up €37,139 (+75.6%), from €49,102 to €86,242
- Taxes +€31,914
up €31,914 (+65.7%), from €48,567 to €80,481
- Financial charges -€12,735
down €12,735 (-76.8%), from €16,582 to €3,847
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 | €576,790 | €639,328 | +€62,539 | +10.8% |
| Fixed assets | 21/28 | €23,279 | €20,080 | -€3,199 | -13.7% |
| Tangible fixed assets | 22/27 | €23,279 | €20,080 | -€3,199 | -13.7% |
| Plant, machinery and equipment | 23 | - | €639 | +€639 | |
| Furniture and vehicles | 24 | €11,946 | €10,116 | -€1,830 | -15.3% |
| Other tangible fixed assets | 26 | €11,333 | €9,325 | -€2,009 | -17.7% |
| Current assets | 29/58 | €553,510 | €619,249 | +€65,738 | +11.9% |
| Amounts receivable after more than one year | 29 | €15,302 | €0 | -€15,302 | -100% |
| Other amounts receivable | 291 | €15,302 | €0 | -€15,302 | -100% |
| Amounts receivable within one year | 40/41 | - | €300,760 | +€300,760 | |
| Other amounts receivable | 41 | - | €300,760 | +€300,760 | |
| Current investments | 50/53 | €298,099 | €32,600 | -€265,499 | -89.1% |
| Cash at bank and in hand | 54/58 | €239,224 | €285,889 | +€46,665 | +19.5% |
| Deferred charges and accrued income | 490/1 | €887 | €0 | -€887 | -100% |
| Total equity and liabilities | 10/49 | €576,790 | €639,328 | +€62,539 | +10.8% |
| Equity | 10/15 | €514,601 | €564,934 | +€50,333 | +9.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €499,835 | €550,165 | +€50,330 | +10.1% |
| Distributable reserves | 133 | €499,835 | €550,165 | +€50,330 | +10.1% |
| Profit (loss) carried forward | 14 | €2,366 | €2,369 | +€3 | +0.1% |
| Provisions and deferred taxes | 16 | €50,098 | €50,098 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €50,098 | €50,098 | = | 0.0% |
| Pensions and similar obligations | 160 | €50,098 | €50,098 | = | 0.0% |
| Amounts payable | 17/49 | €12,090 | €24,296 | +€12,206 | +101% |
| Amounts payable within one year | 42/48 | €12,090 | €24,296 | +€12,206 | +101% |
| Trade debts | 44 | €2,779 | €60 | -€2,719 | -97.8% |
| Suppliers | 440/4 | €2,779 | €60 | -€2,719 | -97.8% |
| Taxes, remuneration and social security | 45 | €7,036 | €24,236 | +€17,200 | +244% |
| Taxes | 450/3 | €2,591 | €19,755 | +€17,163 | +662% |
| Remuneration and social security | 454/9 | €4,445 | €4,482 | +€37 | +0.8% |
| Other amounts payable | 47/48 | €2,275 | €0 | -€2,275 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,026 | €5,205 | +€1,179 | +29.3% |
| Other operating charges | 640/8 | €1,037 | €753 | -€284 | -27.4% |
| Gross operating margin | 9900 | €147,620 | €216,377 | +€68,757 | +46.6% |
| Operating profit (loss) | 9901 | €142,557 | €210,419 | +€67,862 | +47.6% |
| Financial income | 75/76B | €49,102 | €86,242 | +€37,139 | +75.6% |
| Recurring financial income | 75 | €49,102 | €86,242 | +€37,139 | +75.6% |
| Financial charges | 65/66B | €16,582 | €3,847 | -€12,735 | -76.8% |
| Recurring financial charges | 65 | €16,582 | €3,847 | -€12,735 | -76.8% |
| Profit (loss) for the period before taxes | 9903 | €175,078 | €292,814 | +€117,736 | +67.2% |
| Income taxes | 67/77 | €48,567 | €80,481 | +€31,914 | +65.7% |
| Profit (loss) for the period | 9904 | €126,511 | €212,333 | +€85,822 | +67.8% |
| Profit (loss) for the period to be appropriated | 9905 | €126,511 | €212,333 | +€85,822 | +67.8% |
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 16 October 2026 via checked.be.