JP20: 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.
JP20
Largest movements
- Receivables within one year +€4,730
up €4,730 (+2.6%), from €184,761 to €189,491
of which Other amounts receivable: +€11,422
- Tangible fixed assets -€4,225
down €4,225 (-81.2%), from €5,202 to €977
- Cash +€4,135
up €4,135 (+79.1%), from €5,225 to €9,359
mainly Depreciation (+€5,216) and Net result for the year (+€2,415)
No liability line moved by more than 1% of the balance sheet total.
- Depreciation -€6,788
down €6,788 (-56.6%), from €12,004 to €5,216
- Gross operating margin +€5,269
up €5,269, from -€2,995 to €2,274
- Taxes +€2,062
up €2,062 (+603%), from €342 to €2,404
- Other operating charges -€931
down €931 (-33.8%), from €2,754 to €1,823
- Financial charges +€544
up €544 (+156%), from €350 to €894
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 | €245,778 | €248,217 | +€2,438 | +1.0% |
| Fixed assets | 21/28 | €6,081 | €1,479 | -€4,602 | -75.7% |
| Tangible fixed assets | 22/27 | €5,202 | €977 | -€4,225 | -81.2% |
| Furniture and vehicles | 24 | €5,202 | €977 | -€4,225 | -81.2% |
| Financial fixed assets | 28 | €879 | €502 | -€377 | -42.9% |
| Current assets | 29/58 | €239,698 | €246,738 | +€7,040 | +2.9% |
| Stocks and contracts in progress | 3 | €49,712 | €47,630 | -€2,082 | -4.2% |
| Stocks | 30/36 | €49,712 | €47,630 | -€2,082 | -4.2% |
| Amounts receivable within one year | 40/41 | €184,761 | €189,491 | +€4,730 | +2.6% |
| Trade receivables | 40 | €6,692 | €0 | -€6,692 | -100% |
| Other amounts receivable | 41 | €178,069 | €189,491 | +€11,422 | +6.4% |
| Cash at bank and in hand | 54/58 | €5,225 | €9,359 | +€4,135 | +79.1% |
| Deferred charges and accrued income | 490/1 | - | €257 | +€257 | |
| Total equity and liabilities | 10/49 | €245,778 | €248,217 | +€2,438 | +1.0% |
| Equity | 10/15 | €223,509 | €225,925 | +€2,415 | +1.1% |
| Contributions | 10/11 | €59,325 | €59,325 | = | 0.0% |
| Reserves | 13 | €100,000 | €100,000 | = | 0.0% |
| Distributable reserves | 133 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €64,184 | €66,600 | +€2,415 | +3.8% |
| Amounts payable | 17/49 | €22,269 | €22,292 | +€23 | +0.1% |
| Amounts payable within one year | 42/48 | €22,269 | €22,292 | +€23 | +0.1% |
| Trade debts | 44 | €17,228 | €14,970 | -€2,258 | -13.1% |
| Suppliers | 440/4 | €17,228 | €14,970 | -€2,258 | -13.1% |
| Taxes, remuneration and social security | 45 | €5,041 | €7,322 | +€2,281 | +45.3% |
| Taxes | 450/3 | €5,041 | €7,322 | +€2,281 | +45.3% |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,004 | €5,216 | -€6,788 | -56.6% |
| Other operating charges | 640/8 | €2,754 | €1,823 | -€931 | -33.8% |
| Gross operating margin | 9900 | -€2,995 | €2,274 | +€5,269 | |
| Operating profit (loss) | 9901 | -€17,753 | -€4,764 | +€12,988 | +73.2% |
| Financial income | 75/76B | €10,433 | €10,478 | +€45 | +0.4% |
| Recurring financial income | 75 | €10,433 | €10,478 | +€45 | +0.4% |
| Financial charges | 65/66B | €350 | €894 | +€544 | +156% |
| Recurring financial charges | 65 | €350 | €894 | +€544 | +156% |
| Profit (loss) for the period before taxes | 9903 | -€7,670 | €4,819 | +€12,489 | |
| Income taxes | 67/77 | €342 | €2,404 | +€2,062 | +603% |
| Profit (loss) for the period | 9904 | -€8,012 | €2,415 | +€10,427 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,012 | €2,415 | +€10,427 |
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 19 October 2026 via checked.be.