JP Thissen: 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 Thissen
Largest movements
- Cash +€23,075
up €23,075 (+121%), from €19,119 to €42,194
mainly Net result for the year (+€23,899) and Tax, wage and social debts (+€1,188)
- Receivables within one year +€1,847
up €1,847 (+182%), from €1,016 to €2,863
of which Other amounts receivable: +€1,212
- Formation expenses -€512
down €512 (-29.2%), from €1,751 to €1,239
- Reserves +€23,899
up €23,899 (+178%), from €13,405 to €37,304
- Tax, wage and social debts +€1,188
up €1,188 (+28.3%), from €4,202 to €5,390
- Gross operating margin +€15,050
up €15,050 (+72.6%), from €20,739 to €35,790
- Taxes +€5,929
up €5,929 (+125%), from €4,750 to €10,679
- Other operating charges -€2,389
down €2,389 (-81.1%), from €2,945 to €557
- Financial charges -€1,396
down €1,396 (-86.8%), from €1,609 to €213
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 | €22,287 | €46,696 | +€24,410 | +110% |
| Formation expenses | 20 | €1,751 | €1,239 | -€512 | -29.2% |
| Fixed assets | 21/28 | €400 | €400 | = | 0.0% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €20,135 | €45,057 | +€24,922 | +124% |
| Amounts receivable within one year | 40/41 | €1,016 | €2,863 | +€1,847 | +182% |
| Trade receivables | 40 | €1,016 | €1,651 | +€635 | +62.5% |
| Other amounts receivable | 41 | - | €1,212 | +€1,212 | |
| Cash at bank and in hand | 54/58 | €19,119 | €42,194 | +€23,075 | +121% |
| Total equity and liabilities | 10/49 | €22,287 | €46,696 | +€24,410 | +110% |
| Equity | 10/15 | €17,405 | €41,304 | +€23,899 | +137% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €13,405 | €37,304 | +€23,899 | +178% |
| Distributable reserves | 133 | €13,405 | €37,304 | +€23,899 | +178% |
| Amounts payable | 17/49 | €4,882 | €5,392 | +€510 | +10.5% |
| Amounts payable within one year | 42/48 | €4,882 | €5,392 | +€510 | +10.5% |
| Trade debts | 44 | €424 | €2 | -€421 | -99.4% |
| Suppliers | 440/4 | €424 | €2 | -€421 | -99.4% |
| Taxes, remuneration and social security | 45 | €4,202 | €5,390 | +€1,188 | +28.3% |
| Taxes | 450/3 | €4,202 | €5,390 | +€1,188 | +28.3% |
| Other amounts payable | 47/48 | €256 | - | -€256 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €512 | €512 | -€0 | 0.0% |
| Other operating charges | 640/8 | €2,945 | €557 | -€2,389 | -81.1% |
| Gross operating margin | 9900 | €20,739 | €35,790 | +€15,050 | +72.6% |
| Operating profit (loss) | 9901 | €17,282 | €34,721 | +€17,439 | +101% |
| Financial income | 75/76B | - | €71 | +€71 | |
| Recurring financial income | 75 | - | €71 | +€71 | |
| Financial charges | 65/66B | €1,609 | €213 | -€1,396 | -86.8% |
| Recurring financial charges | 65 | €1,609 | €213 | -€1,396 | -86.8% |
| Profit (loss) for the period before taxes | 9903 | €15,673 | €34,579 | +€18,906 | +121% |
| Income taxes | 67/77 | €4,750 | €10,679 | +€5,929 | +125% |
| Profit (loss) for the period | 9904 | €10,923 | €23,899 | +€12,977 | +119% |
| Profit (loss) for the period to be appropriated | 9905 | €10,923 | €23,899 | +€12,977 | +119% |
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 24 October 2026 via checked.be.