JP RENO: 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 RENO
Largest movements
- Receivables within one year +€6,034
up €6,034 (+76.1%), from €7,933 to €13,966
of which Trade receivables: +€5,422
- Tangible fixed assets -€2,891
down €2,891 (-32.2%), from €8,986 to €6,096
of which Furniture and vehicles: -€1,747
- Cash -€439
down €439 (-56.0%), from €783 to €345
mainly Receivables within one year (-€6,034) and Trade debts (-€4,023)
- Reserves +€5,680
up €5,680 (+343%), from €1,654 to €7,334
- Trade debts -€4,023
down €4,023 (-74.2%), from €5,422 to €1,399
- Advances received -€1,260
no longer reported in 2025 (was €1,260)
- Tax, wage and social debts +€1,184
up €1,184 (+121%), from €978 to €2,161
- Other debts +€1,124
up €1,124 (+13.4%), from €8,389 to €9,512
- Gross operating margin +€5,889
up €5,889 (+125%), from €4,708 to €10,598
- Taxes +€1,382
up €1,382 (+481%), from €287 to €1,669
- Other operating charges -€286
down €286 (-41.7%), from €686 to €400
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 | €17,702 | €20,406 | +€2,704 | +15.3% |
| Fixed assets | 21/28 | €8,986 | €6,096 | -€2,891 | -32.2% |
| Tangible fixed assets | 22/27 | €8,986 | €6,096 | -€2,891 | -32.2% |
| Plant, machinery and equipment | 23 | €3,525 | €2,382 | -€1,144 | -32.4% |
| Furniture and vehicles | 24 | €5,461 | €3,714 | -€1,747 | -32.0% |
| Current assets | 29/58 | €8,716 | €14,311 | +€5,595 | +64.2% |
| Amounts receivable within one year | 40/41 | €7,933 | €13,966 | +€6,034 | +76.1% |
| Trade receivables | 40 | €7,329 | €12,751 | +€5,422 | +74.0% |
| Other amounts receivable | 41 | €604 | €1,216 | +€612 | +101% |
| Cash at bank and in hand | 54/58 | €783 | €345 | -€439 | -56.0% |
| Total equity and liabilities | 10/49 | €17,702 | €20,406 | +€2,704 | +15.3% |
| Equity | 10/15 | €1,654 | €7,334 | +€5,680 | +343% |
| Reserves | 13 | €1,654 | €7,334 | +€5,680 | +343% |
| Distributable reserves | 133 | €1,654 | €7,334 | +€5,680 | +343% |
| Amounts payable | 17/49 | €16,048 | €13,073 | -€2,975 | -18.5% |
| Amounts payable within one year | 42/48 | €16,048 | €13,073 | -€2,975 | -18.5% |
| Trade debts | 44 | €5,422 | €1,399 | -€4,023 | -74.2% |
| Suppliers | 440/4 | €5,422 | €1,399 | -€4,023 | -74.2% |
| Advances received on contracts in progress | 46 | €1,260 | - | -€1,260 | |
| Taxes, remuneration and social security | 45 | €978 | €2,161 | +€1,184 | +121% |
| Taxes | 450/3 | €978 | €2,161 | +€1,184 | +121% |
| Other amounts payable | 47/48 | €8,389 | €9,512 | +€1,124 | +13.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,891 | €2,891 | = | 0.0% |
| Other operating charges | 640/8 | €686 | €400 | -€286 | -41.7% |
| Gross operating margin | 9900 | €4,708 | €10,598 | +€5,889 | +125% |
| Operating profit (loss) | 9901 | €1,131 | €7,307 | +€6,175 | +546% |
| Financial income | 75/76B | €25 | €84 | +€58 | +230% |
| Recurring financial income | 75 | €25 | €84 | +€58 | +230% |
| Financial charges | 65/66B | €0 | €42 | +€41 | +19,676% |
| Recurring financial charges | 65 | €0 | €42 | +€41 | +19,676% |
| Profit (loss) for the period before taxes | 9903 | €1,157 | €7,349 | +€6,192 | +535% |
| Income taxes | 67/77 | €287 | €1,669 | +€1,382 | +481% |
| Profit (loss) for the period | 9904 | €869 | €5,680 | +€4,810 | +553% |
| Profit (loss) for the period to be appropriated | 9905 | €869 | €5,680 | +€4,810 | +553% |
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 15 October 2026 via checked.be.