JPA Holding: 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 Holding
Largest movements
- Financial fixed assets +€533,949
up €533,949 (+89.0%), from €600,000 to €1.1m
- Receivables within one year +€430,000
new in 2025: €430,000
- Cash +€21,885
up €21,885 (+1,067%), from €2,051 to €23,936
mainly Net result for the year (+€517,731) and Other debts (+€366,262)
- Revaluation surpluses +€533,949
new in 2025: €533,949
- Other debts +€366,262
up €366,262 (+2,945%), from €12,438 to €378,701
- Tax, wage and social debts +€69,781
up €69,781 (+354%), from €19,694 to €89,476
- Reserves +€60,000
up €60,000 (+98.4%), from €61,000 to €121,000
of which Distributable reserves: +€60,000
- Debts after one year -€52,584
down €52,584 (-66.3%), from €79,341 to €26,757
- Financial income +€449,480
up €449,480 (+572%), from €78,576 to €528,056
- Taxes +€1,500
up €1,500 (+33.3%), from €4,500 to €6,000
- Financial charges -€1,373
down €1,373 (-34.9%), from €3,938 to €2,566
- Gross operating margin -€886
down €886 (-187%), from -€474 to -€1,360
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 | €602,051 | €1,587,885 | +€985,834 | +164% |
| Fixed assets | 21/28 | €600,000 | €1,133,949 | +€533,949 | +89.0% |
| Financial fixed assets | 28 | €600,000 | €1,133,949 | +€533,949 | +89.0% |
| Current assets | 29/58 | €2,051 | €453,936 | +€451,885 | +22,035% |
| Amounts receivable within one year | 40/41 | - | €430,000 | +€430,000 | |
| Other amounts receivable | 41 | - | €430,000 | +€430,000 | |
| Cash at bank and in hand | 54/58 | €2,051 | €23,936 | +€21,885 | +1,067% |
| Total equity and liabilities | 10/49 | €602,051 | €1,587,885 | +€985,834 | +164% |
| Equity | 10/15 | €439,207 | €1,035,678 | +€596,471 | +136% |
| Contributions | 10/11 | €160,000 | €160,000 | = | 0.0% |
| Capital | 10 | €160,000 | €160,000 | = | 0.0% |
| Issued capital | 100 | €160,000 | €160,000 | = | 0.0% |
| Revaluation surpluses | 12 | - | €533,949 | +€533,949 | |
| Reserves | 13 | €61,000 | €121,000 | +€60,000 | +98.4% |
| Non-distributable reserves | 130/1 | €16,000 | €16,000 | = | 0.0% |
| Legal reserve | 130 | €16,000 | €16,000 | = | 0.0% |
| Distributable reserves | 133 | €45,000 | €105,000 | +€60,000 | +133% |
| Profit (loss) carried forward | 14 | €218,207 | €220,729 | +€2,521 | +1.2% |
| Amounts payable | 17/49 | €162,843 | €552,207 | +€389,364 | +239% |
| Amounts payable after more than one year | 17 | €79,341 | €26,757 | -€52,584 | -66.3% |
| Financial debts | 170/4 | €79,341 | €26,757 | -€52,584 | -66.3% |
| Amounts payable within one year | 42/48 | €83,502 | €525,450 | +€441,948 | +529% |
| Current portion of amounts payable after more than one year | 42 | €51,370 | €56,911 | +€5,541 | +10.8% |
| Trade debts | 44 | - | €363 | +€363 | |
| Suppliers | 440/4 | - | €363 | +€363 | |
| Taxes, remuneration and social security | 45 | €19,694 | €89,476 | +€69,781 | +354% |
| Taxes | 450/3 | €19,694 | €89,476 | +€69,781 | +354% |
| Other amounts payable | 47/48 | €12,438 | €378,701 | +€366,262 | +2,945% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€474 | -€1,360 | -€886 | -187% |
| Operating profit (loss) | 9901 | -€861 | -€1,759 | -€898 | -104% |
| Financial income | 75/76B | €78,576 | €528,056 | +€449,480 | +572% |
| Recurring financial income | 75 | €78,576 | €528,056 | +€449,480 | +572% |
| Financial charges | 65/66B | €3,938 | €2,566 | -€1,373 | -34.9% |
| Recurring financial charges | 65 | €3,938 | €2,566 | -€1,373 | -34.9% |
| Profit (loss) for the period before taxes | 9903 | €73,776 | €523,731 | +€449,955 | +610% |
| Income taxes | 67/77 | €4,500 | €6,000 | +€1,500 | +33.3% |
| Profit (loss) for the period | 9904 | €69,276 | €517,731 | +€448,455 | +647% |
| Profit (loss) for the period to be appropriated | 9905 | €69,276 | €517,731 | +€448,455 | +647% |
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 29 October 2026 via checked.be.