JP MOREAU: 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 MOREAU
Largest movements
- Cash -€11,905
down €11,905 (-52.6%), from €22,649 to €10,744
mainly Net result for the year (-€21,676) and Trade debts (-€1,921)
- Tangible fixed assets -€11,217
down €11,217 (-14.6%), from €77,082 to €65,865
of which Furniture and vehicles: -€8,149
- Profit (loss) carried forward -€21,676
down €21,676 (-45.8%), from €47,348 to €25,673
- Trade debts -€1,921
down €1,921 (-56.7%), from €3,386 to €1,465
- Gross operating margin -€20,858
down €20,858, from €12,457 to -€8,402
- Depreciation -€1,228
down €1,228 (-9.9%), from €12,445 to €11,217
- Taxes +€1,198
up €1,198 (+5560.5%), from €22 to €1,220
- Other operating charges -€476
down €476 (-35.7%), from €1,334 to €858
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
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 | €101,585 | €78,713 | -€22,871 | -22.5% |
| Fixed assets | 21/28 | €77,082 | €65,865 | -€11,217 | -14.6% |
| Tangible fixed assets | 22/27 | €77,082 | €65,865 | -€11,217 | -14.6% |
| Land and buildings | 22 | €54,265 | €51,198 | -€3,068 | -5.7% |
| Furniture and vehicles | 24 | €22,817 | €14,667 | -€8,149 | -35.7% |
| Current assets | 29/58 | €24,503 | €12,848 | -€11,655 | -47.6% |
| Amounts receivable within one year | 40/41 | €710 | €314 | -€396 | -55.8% |
| Trade receivables | 40 | €308 | €95 | -€213 | -69.2% |
| Other amounts receivable | 41 | €401 | €218 | -€183 | -45.5% |
| Cash at bank and in hand | 54/58 | €22,649 | €10,744 | -€11,905 | -52.6% |
| Deferred charges and accrued income | 490/1 | €1,144 | €1,791 | +€646 | +56.5% |
| Total equity and liabilities | 10/49 | €101,585 | €78,713 | -€22,871 | -22.5% |
| Equity | 10/15 | €62,523 | €40,848 | -€21,676 | -34.7% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €7,115 | €7,115 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €7,115 | €7,115 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,348 | €25,673 | -€21,676 | -45.8% |
| Investment grants | 15 | €0 | - | = | |
| Amounts payable | 17/49 | €39,061 | €37,866 | -€1,196 | -3.1% |
| Amounts payable within one year | 42/48 | €39,051 | €37,866 | -€1,186 | -3.0% |
| Trade debts | 44 | €3,386 | €1,465 | -€1,921 | -56.7% |
| Suppliers | 440/4 | €3,386 | €1,465 | -€1,921 | -56.7% |
| Advances received on contracts in progress | 46 | €71 | €0 | -€71 | -100.0% |
| Taxes, remuneration and social security | 45 | €269 | €222 | -€46 | -17.3% |
| Taxes | 450/3 | €269 | €222 | -€46 | -17.3% |
| Other amounts payable | 47/48 | €35,326 | €36,179 | +€853 | +2.4% |
| Accrued charges and deferred income | 492/3 | €10 | €0 | -€10 | -100.0% |
| Non-recurring operating income | 76A | €5,430 | €0 | -€5,430 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,445 | €11,217 | -€1,228 | -9.9% |
| Other operating charges | 640/8 | €1,334 | €858 | -€476 | -35.7% |
| Gross operating margin | 9900 | €12,457 | -€8,402 | -€20,858 | |
| Operating profit (loss) | 9901 | -€1,323 | -€20,476 | -€19,153 | -1447.8% |
| Financial income | 75/76B | €205 | €99 | -€107 | -52.0% |
| Recurring financial income | 75 | €205 | €99 | -€107 | -52.0% |
| Financial charges | 65/66B | €60 | €78 | +€18 | +29.9% |
| Recurring financial charges | 65 | €60 | €78 | +€18 | +29.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,178 | -€20,456 | -€19,278 | -1636.7% |
| Income taxes | 67/77 | €22 | €1,220 | +€1,198 | +5560.5% |
| Profit (loss) for the period | 9904 | -€1,199 | -€21,676 | -€20,476 | -1707.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,199 | -€21,676 | -€20,476 | -1707.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.