JPA ELECTRONIQUE: 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.
JPA ELECTRONIQUE
Largest movements
- Cash -€43,199
down €43,199 (-15.8%), from €272,570 to €229,371
mainly Contributions, distributions and other (-€220,000) and Tax, wage and social debts (-€59,094)
- Receivables within one year -€25,450
down €25,450 (-4.8%), from €529,866 to €504,416
of which Other amounts receivable: -€115,729
- Tangible fixed assets -€11,702
down €11,702 (-8.6%), from €136,670 to €124,968
- Tax, wage and social debts -€59,094
down €59,094 (-31.0%), from €190,633 to €131,539
of which Taxes: -€58,977
- Debts after one year -€14,939
down €14,939 (-32.3%), from €46,232 to €31,292
- Other debts -€10,000
down €10,000 (-4.3%), from €230,000 to €220,000
- Gross operating margin +€135,802
up €135,802 (+41.3%), from €328,621 to €464,423
- Staff costs +€58,603
up €58,603 (+65.9%), from €88,900 to €147,503
- Taxes +€21,027
up €21,027 (+32.3%), from €65,142 to €86,169
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 | €954,172 | €874,163 | -€80,009 | -8.4% |
| Fixed assets | 21/28 | €149,935 | €137,867 | -€12,068 | -8.0% |
| Intangible fixed assets | 21 | €816 | €449 | -€366 | -44.9% |
| Tangible fixed assets | 22/27 | €136,670 | €124,968 | -€11,702 | -8.6% |
| Land and buildings | 22 | €116,285 | €112,002 | -€4,283 | -3.7% |
| Plant, machinery and equipment | 23 | €396 | €234 | -€162 | -40.8% |
| Furniture and vehicles | 24 | €538 | €334 | -€204 | -37.9% |
| Leasing and similar rights | 25 | €11,880 | €6,442 | -€5,437 | -45.8% |
| Other tangible fixed assets | 26 | €7,570 | €5,954 | -€1,616 | -21.3% |
| Financial fixed assets | 28 | €12,450 | €12,450 | = | 0.0% |
| Current assets | 29/58 | €804,237 | €736,296 | -€67,941 | -8.4% |
| Amounts receivable within one year | 40/41 | €529,866 | €504,416 | -€25,450 | -4.8% |
| Trade receivables | 40 | €126,246 | €216,525 | +€90,279 | +71.5% |
| Other amounts receivable | 41 | €403,620 | €287,891 | -€115,729 | -28.7% |
| Cash at bank and in hand | 54/58 | €272,570 | €229,371 | -€43,199 | -15.8% |
| Deferred charges and accrued income | 490/1 | €1,801 | €2,509 | +€708 | +39.3% |
| Total equity and liabilities | 10/49 | €954,172 | €874,163 | -€80,009 | -8.4% |
| Equity | 10/15 | €463,945 | €467,407 | +€3,462 | +0.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €395,745 | €399,207 | +€3,462 | +0.9% |
| Amounts payable | 17/49 | €490,226 | €406,756 | -€83,471 | -17.0% |
| Amounts payable after more than one year | 17 | €46,232 | €31,292 | -€14,939 | -32.3% |
| Financial debts | 170/4 | €46,232 | €31,292 | -€14,939 | -32.3% |
| Amounts payable within one year | 42/48 | €443,995 | €375,463 | -€68,532 | -15.4% |
| Current portion of amounts payable after more than one year | 42 | €14,742 | €14,939 | +€197 | +1.3% |
| Trade debts | 44 | €8,619 | €8,984 | +€365 | +4.2% |
| Suppliers | 440/4 | €8,619 | €8,984 | +€365 | +4.2% |
| Taxes, remuneration and social security | 45 | €190,633 | €131,539 | -€59,094 | -31.0% |
| Taxes | 450/3 | €175,658 | €116,681 | -€58,977 | -33.6% |
| Remuneration and social security | 454/9 | €14,975 | €14,858 | -€116 | -0.8% |
| Other amounts payable | 47/48 | €230,000 | €220,000 | -€10,000 | -4.3% |
| Remuneration, social security and pensions | 62 | €88,900 | €147,503 | +€58,603 | +65.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,790 | €15,565 | -€1,225 | -7.3% |
| Other operating charges | 640/8 | €3,764 | €4,170 | +€406 | +10.8% |
| Gross operating margin | 9900 | €328,621 | €464,423 | +€135,802 | +41.3% |
| Operating profit (loss) | 9901 | €219,167 | €297,185 | +€78,018 | +35.6% |
| Financial income | 75/76B | €18,307 | €15,577 | -€2,730 | -14.9% |
| Recurring financial income | 75 | €18,307 | €15,577 | -€2,730 | -14.9% |
| Financial charges | 65/66B | €1,928 | €3,132 | +€1,204 | +62.5% |
| Recurring financial charges | 65 | €1,928 | €3,132 | +€1,204 | +62.5% |
| Profit (loss) for the period before taxes | 9903 | €235,546 | €309,630 | +€74,084 | +31.5% |
| Income taxes | 67/77 | €65,142 | €86,169 | +€21,027 | +32.3% |
| Profit (loss) for the period | 9904 | €170,405 | €223,462 | +€53,057 | +31.1% |
| Profit (loss) for the period to be appropriated | 9905 | €170,405 | €223,462 | +€53,057 | +31.1% |
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.