JP PROJECTS: 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 PROJECTS
Largest movements
- Receivables within one year -€7,795
down €7,795 (-4.5%), from €174,623 to €166,828
of which Other amounts receivable: -€7,795
- Tangible fixed assets -€6,800
down €6,800 (-45.1%), from €15,072 to €8,271
of which Furniture and vehicles: -€6,244
- Profit (loss) carried forward -€14,601
down €14,601 (-11.3%), from -€129,694 to -€144,295
- Financial charges +€5,098
up €5,098 (+47.5%), from €10,729 to €15,827
- Financial income +€2,666
up €2,666 (+79.6%), from €3,349 to €6,016
- Gross operating margin -€891
down €891 (-24.8%), from €3,587 to €2,696
- Other operating charges +€258
up €258 (+140.4%), from €184 to €442
- Depreciation +€75
up €75 (+1.1%), from €6,725 to €6,800
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 | €197,837 | €183,237 | -€14,600 | -7.4% |
| Fixed assets | 21/28 | €15,072 | €8,271 | -€6,800 | -45.1% |
| Tangible fixed assets | 22/27 | €15,072 | €8,271 | -€6,800 | -45.1% |
| Plant, machinery and equipment | 23 | €2,905 | €2,348 | -€557 | -19.2% |
| Furniture and vehicles | 24 | €12,167 | €5,923 | -€6,244 | -51.3% |
| Current assets | 29/58 | €182,765 | €174,966 | -€7,799 | -4.3% |
| Amounts receivable within one year | 40/41 | €174,623 | €166,828 | -€7,795 | -4.5% |
| Trade receivables | 40 | €59,554 | €59,554 | = | 0.0% |
| Other amounts receivable | 41 | €115,069 | €107,274 | -€7,795 | -6.8% |
| Cash at bank and in hand | 54/58 | €416 | €412 | -€4 | -1.0% |
| Deferred charges and accrued income | 490/1 | €7,726 | €7,726 | = | 0.0% |
| Total equity and liabilities | 10/49 | €197,837 | €183,237 | -€14,600 | -7.4% |
| Equity | 10/15 | -€62,611 | -€77,212 | -€14,601 | -23.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €48,491 | €48,491 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,430 | €8,430 | = | 0.0% |
| Distributable reserves | 133 | €38,201 | €38,201 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€129,694 | -€144,295 | -€14,601 | -11.3% |
| Amounts payable | 17/49 | €260,448 | €260,450 | +€2 | 0.0% |
| Amounts payable after more than one year | 17 | €260,000 | €260,000 | = | 0.0% |
| Financial debts | 170/4 | €260,000 | €260,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €448 | €450 | +€2 | +0.4% |
| Taxes, remuneration and social security | 45 | €448 | €450 | +€2 | +0.4% |
| Taxes | 450/3 | €448 | €450 | +€2 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,725 | €6,800 | +€75 | +1.1% |
| Other operating charges | 640/8 | €184 | €442 | +€258 | +140.4% |
| Gross operating margin | 9900 | €3,587 | €2,696 | -€891 | -24.8% |
| Operating profit (loss) | 9901 | -€3,322 | -€4,546 | -€1,224 | -36.8% |
| Financial income | 75/76B | €3,349 | €6,016 | +€2,666 | +79.6% |
| Recurring financial income | 75 | €3,349 | €6,016 | +€2,666 | +79.6% |
| Financial charges | 65/66B | €10,729 | €15,827 | +€5,098 | +47.5% |
| Recurring financial charges | 65 | €10,729 | €15,827 | +€5,098 | +47.5% |
| Profit (loss) for the period before taxes | 9903 | -€10,701 | -€14,357 | -€3,656 | -34.2% |
| Income taxes | 67/77 | €206 | €244 | +€38 | +18.4% |
| Profit (loss) for the period | 9904 | -€10,907 | -€14,601 | -€3,694 | -33.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,907 | -€14,601 | -€3,694 | -33.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.