JP MARTEL ASSUR: 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 MARTEL ASSUR
Largest movements
- Receivables within one year +€11,544
new in 2025: €11,544
- Profit (loss) carried forward +€5,837
up €5,837 (+34.8%), from -€16,784 to -€10,947
- Tax, wage and social debts +€5,068
up €5,068 (+89.4%), from €5,671 to €10,739
of which Taxes: +€5,059
- Short-term financial debts +€3,011
up €3,011 (+102%), from €2,941 to €5,951
- Debts after one year -€1,386
no longer reported in 2025 (was €1,386)
- Gross operating margin +€6,810
up €6,810 (+61.2%), from €11,121 to €17,932
- Taxes +€5,131
up €5,131 (+235%), from €2,181 to €7,312
- Financial income +€275
up €275 (+2,750,000%), from €0 to €275
- Other operating charges +€236
up €236 (+32.2%), from €732 to €968
- Financial charges -€219
down €219 (-6.9%), from €3,163 to €2,944
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 | €43,260 | €55,254 | +€11,994 | +27.7% |
| Fixed assets | 21/28 | €43,032 | €43,411 | +€378 | +0.9% |
| Tangible fixed assets | 22/27 | €1,673 | €2,051 | +€378 | +22.6% |
| Plant, machinery and equipment | 23 | €151 | €1,407 | +€1,256 | +831% |
| Furniture and vehicles | 24 | €1,521 | €644 | -€878 | -57.7% |
| Financial fixed assets | 28 | €41,360 | €41,360 | = | 0.0% |
| Current assets | 29/58 | €227 | €11,843 | +€11,616 | +5,108% |
| Amounts receivable within one year | 40/41 | - | €11,544 | +€11,544 | |
| Other amounts receivable | 41 | - | €11,544 | +€11,544 | |
| Cash at bank and in hand | 54/58 | €62 | €8 | -€54 | -87.0% |
| Deferred charges and accrued income | 490/1 | €165 | €291 | +€126 | +75.9% |
| Total equity and liabilities | 10/49 | €43,260 | €55,254 | +€11,994 | +27.7% |
| Equity | 10/15 | €28,085 | €33,921 | +€5,837 | +20.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €38,669 | €38,669 | = | 0.0% |
| Tax-exempt reserves | 132 | €36,809 | €36,809 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,784 | -€10,947 | +€5,837 | +34.8% |
| Provisions and deferred taxes | 16 | €2,977 | €2,977 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €2,977 | €2,977 | = | 0.0% |
| Environmental obligations | 163 | €2,977 | €2,977 | = | 0.0% |
| Amounts payable | 17/49 | €12,198 | €18,355 | +€6,157 | +50.5% |
| Amounts payable after more than one year | 17 | €1,386 | - | -€1,386 | |
| Other amounts payable | 178/9 | €1,386 | - | -€1,386 | |
| Amounts payable within one year | 42/48 | €10,812 | €18,355 | +€7,544 | +69.8% |
| Financial debts | 43 | €2,941 | €5,951 | +€3,011 | +102% |
| Credit institutions | 430/8 | €2,941 | €5,951 | +€3,011 | +102% |
| Trade debts | 44 | €2,200 | €1,665 | -€536 | -24.3% |
| Suppliers | 440/4 | €2,200 | €1,665 | -€536 | -24.3% |
| Taxes, remuneration and social security | 45 | €5,671 | €10,739 | +€5,068 | +89.4% |
| Taxes | 450/3 | €3,715 | €8,774 | +€5,059 | +136% |
| Remuneration and social security | 454/9 | €1,956 | €1,966 | +€10 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,073 | €1,146 | +€73 | +6.8% |
| Other operating charges | 640/8 | €732 | €968 | +€236 | +32.2% |
| Gross operating margin | 9900 | €11,121 | €17,932 | +€6,810 | +61.2% |
| Operating profit (loss) | 9901 | €9,317 | €15,818 | +€6,501 | +69.8% |
| Financial income | 75/76B | €0 | €275 | +€275 | +2,750,000% |
| Recurring financial income | 75 | €0 | €275 | +€275 | +2,750,000% |
| Financial charges | 65/66B | €3,163 | €2,944 | -€219 | -6.9% |
| Recurring financial charges | 65 | €3,163 | €2,944 | -€219 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | €6,154 | €13,149 | +€6,995 | +114% |
| Income taxes | 67/77 | €2,181 | €7,312 | +€5,131 | +235% |
| Profit (loss) for the period | 9904 | €3,973 | €5,837 | +€1,864 | +46.9% |
| Profit (loss) for the period to be appropriated | 9905 | €3,973 | €5,837 | +€1,864 | +46.9% |
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 27 October 2026 via checked.be.