JP PROJECTS: 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 PROJECTS
Largest movements
- Cash +€19,817
up €19,817 (+526%), from €3,764 to €23,582
mainly Net result for the year (+€21,419) and Depreciation (+€11,487)
- Tangible fixed assets -€19,338
down €19,338 (-6.4%), from €300,815 to €281,477
of which Land and buildings: -€10,691
- Receivables within one year -€6,405
down €6,405 (-7.0%), from €90,967 to €84,561
of which Trade receivables: -€9,405
- Other debts -€27,224
down €27,224 (-12.5%), from €218,307 to €191,083
- Reserves +€21,419
up €21,419 (+12.3%), from €174,619 to €196,038
- Gross operating margin +€13,288
up €13,288 (+32.8%), from €40,508 to €53,796
- Depreciation -€6,735
down €6,735 (-37.0%), from €18,222 to €11,487
- Taxes +€4,170
up €4,170 (+906%), from €460 to €4,630
- Financial charges -€2,578
down €2,578 (-16.0%), from €16,071 to €13,493
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 | €422,537 | €414,690 | -€7,847 | -1.9% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €325,885 | €306,547 | -€19,338 | -5.9% |
| Tangible fixed assets | 22/27 | €300,815 | €281,477 | -€19,338 | -6.4% |
| Land and buildings | 22 | €291,372 | €280,681 | -€10,691 | -3.7% |
| Plant, machinery and equipment | 23 | €1,592 | €796 | -€796 | -50.0% |
| Furniture and vehicles | 24 | €7,851 | - | -€7,851 | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €25,069 | €25,069 | = | 0.0% |
| Current assets | 29/58 | €96,652 | €108,143 | +€11,491 | +11.9% |
| Amounts receivable within one year | 40/41 | €90,967 | €84,561 | -€6,405 | -7.0% |
| Trade receivables | 40 | €87,120 | €77,715 | -€9,405 | -10.8% |
| Other amounts receivable | 41 | €3,847 | €6,847 | +€3,000 | +78.0% |
| Cash at bank and in hand | 54/58 | €3,764 | €23,582 | +€19,817 | +526% |
| Deferred charges and accrued income | 490/1 | €1,921 | - | -€1,921 | |
| Total equity and liabilities | 10/49 | €422,537 | €414,690 | -€7,847 | -1.9% |
| Equity | 10/15 | €187,019 | €208,438 | +€21,419 | +11.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €174,619 | €196,038 | +€21,419 | +12.3% |
| Distributable reserves | 133 | €174,619 | €196,038 | +€21,419 | +12.3% |
| Amounts payable | 17/49 | €235,518 | €206,252 | -€29,266 | -12.4% |
| Amounts payable within one year | 42/48 | €235,518 | €206,252 | -€29,266 | -12.4% |
| Trade debts | 44 | €3,281 | €1,262 | -€2,019 | -61.5% |
| Suppliers | 440/4 | €3,281 | €1,262 | -€2,019 | -61.5% |
| Taxes, remuneration and social security | 45 | €13,930 | €13,907 | -€24 | -0.2% |
| Taxes | 450/3 | €13,930 | €13,907 | -€24 | -0.2% |
| Other amounts payable | 47/48 | €218,307 | €191,083 | -€27,224 | -12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,222 | €11,487 | -€6,735 | -37.0% |
| Other operating charges | 640/8 | €2,687 | €2,768 | +€81 | +3.0% |
| Gross operating margin | 9900 | €40,508 | €53,796 | +€13,288 | +32.8% |
| Operating profit (loss) | 9901 | €19,598 | €39,540 | +€19,942 | +102% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €16,071 | €13,493 | -€2,578 | -16.0% |
| Recurring financial charges | 65 | €16,071 | €13,493 | -€2,578 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | €3,527 | €26,049 | +€22,522 | +638% |
| Income taxes | 67/77 | €460 | €4,630 | +€4,170 | +906% |
| Profit (loss) for the period | 9904 | €3,067 | €21,419 | +€18,352 | +598% |
| Profit (loss) for the period to be appropriated | 9905 | €3,067 | €21,419 | +€18,352 | +598% |
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 14 October 2026 via checked.be.