JPA Projects: what changed
What changed
JPA Projects
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
-€30,339
2024 · -€43,320+€12,981
Equity
€56,950
2024 · -€87,711+€144,661
Cash
€32,130
2024 · €143,928-€111,798
Balance sheet total
€372,535
2024 · €303,854+€68,681
Largest movements
Assets
- Tangible fixed assets +€191,167
up €191,167 (+130%), from €147,580 to €338,746
of which Land and buildings: +€191,456
- Cash -€111,798
down €111,798 (-77.7%), from €143,928 to €32,130
mainly Investment in fixed assets (net) (-€199,850) and Other debts (-€98,688)
- Receivables within one year -€10,688
down €10,688 (-88.7%), from €12,047 to €1,359
of which Trade receivables: -€6,664
Equity and liabilities
- Contributions +€175,000
up €175,000 (+3,500%), from €5,000 to €180,000
- Other debts -€98,688
down €98,688 (-36.2%), from €272,597 to €173,909
- Debts after one year +€30,654
up €30,654 (+29.9%), from €102,576 to €133,230
of which Financial debts: +€30,654
- Profit (loss) carried forward -€30,339
down €30,339 (-32.7%), from -€92,711 to -€123,050
- Short-term financial debts +€8,187
up €8,187, from €0 to €8,187
of which Credit institutions: +€8,187
Income statement
- Other operating charges -€15,038
down €15,038 (-87.4%), from €17,210 to €2,173
- Depreciation +€6,759
up €6,759 (+351%), from €1,924 to €8,683
- Financial charges -€6,538
down €6,538 (-58.9%), from €11,101 to €4,563
- Gross operating margin -€1,842
down €1,842 (-14.3%), from -€12,872 to -€14,714
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€43,320
Gross operating margin
-€1,842
Depreciation
-€6,759
Other operating charges
+€15,038
Financial income
+€14
Financial charges
+€6,538
Taxes
-€8
Result 2025
-€30,339
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€117,862
Investment
-€199,850
Financing
+€205,914
Cash 2024
€143,928
From operations (derived)
-€117,862
Net result for the year
-€30,339
Depreciation
+€8,683
Receivables within one year
+€10,688
Trade debts
-€5,167
Tax, wage and social debts
-€3,018
Other debts
-€98,688
Accrued charges and deferred income
-€22
Investment (derived)
-€199,850
Investment in fixed assets (net)
-€199,850
Financing
+€205,914
Debts after one year
+€30,654
Current portion of long-term debt
-€7,928
Short-term financial debts
+€8,187
Contributions, distributions and other
+€175,000
Cash 2025
€32,130
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €303,854 | €372,535 | +€68,681 | +22.6% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €147,880 | €339,046 | +€191,167 | +129% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €147,580 | €338,746 | +€191,167 | +130% |
| Land and buildings | 22 | €146,813 | €338,269 | +€191,456 | +130% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €766 | €477 | -€289 | -37.7% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €155,975 | €33,489 | -€122,486 | -78.5% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Trade receivables | 290 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €12,047 | €1,359 | -€10,688 | -88.7% |
| Trade receivables | 40 | €6,822 | €157 | -€6,664 | -97.7% |
| Other amounts receivable | 41 | €5,226 | €1,202 | -€4,024 | -77.0% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €143,928 | €32,130 | -€111,798 | -77.7% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €303,854 | €372,535 | +€68,681 | +22.6% |
| Equity | 10/15 | -€87,711 | €56,950 | +€144,661 | |
| Contributions | 10/11 | €5,000 | €180,000 | +€175,000 | +3,500% |
| Revaluation surpluses | 12 | €0 | - | = | |
| Reserves | 13 | €0 | - | = | |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Own shares acquired | 1312 | €0 | - | = | |
| Financial assistance | 1313 | €0 | - | = | |
| Other | 1319 | €0 | - | = | |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€92,711 | -€123,050 | -€30,339 | -32.7% |
| Investment grants | 15 | €0 | - | = | |
| Advance to shareholders on the distribution of net assets | 19 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Pensions and similar obligations | 160 | €0 | - | = | |
| Taxes | 161 | €0 | - | = | |
| Major repairs and maintenance | 162 | €0 | - | = | |
| Environmental obligations | 163 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €391,566 | €315,585 | -€75,981 | -19.4% |
| Amounts payable after more than one year | 17 | €102,576 | €133,230 | +€30,654 | +29.9% |
| Financial debts | 170/4 | €102,576 | €133,230 | +€30,654 | +29.9% |
| Trade debts | 175 | €0 | - | = | |
| Advances received on contracts in progress | 176 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €288,968 | €182,355 | -€106,613 | -36.9% |
| Current portion of amounts payable after more than one year | 42 | €7,928 | - | -€7,928 | |
| Financial debts | 43 | €0 | €8,187 | +€8,187 | |
| Credit institutions | 430/8 | €0 | €8,187 | +€8,187 | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €5,205 | €38 | -€5,167 | -99.3% |
| Suppliers | 440/4 | €5,205 | €38 | -€5,167 | -99.3% |
| Bills of exchange payable | 441 | €0 | - | = | |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €3,239 | €221 | -€3,018 | -93.2% |
| Taxes | 450/3 | €3,239 | €221 | -€3,018 | -93.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €272,597 | €173,909 | -€98,688 | -36.2% |
| Accrued charges and deferred income | 492/3 | €22 | €0 | -€22 | -100% |
| Turnover | 70 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,924 | €8,683 | +€6,759 | +351% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €17,210 | €2,173 | -€15,038 | -87.4% |
| Gross operating margin | 9900 | -€12,872 | -€14,714 | -€1,842 | -14.3% |
| Operating profit (loss) | 9901 | -€32,006 | -€25,569 | +€6,437 | +20.1% |
| Financial income | 75/76B | - | €14 | +€14 | |
| Recurring financial income | 75 | - | €14 | +€14 | |
| Financial charges | 65/66B | €11,101 | €4,563 | -€6,538 | -58.9% |
| Recurring financial charges | 65 | €11,101 | €4,563 | -€6,538 | -58.9% |
| Profit (loss) for the period before taxes | 9903 | -€43,106 | -€30,117 | +€12,989 | +30.1% |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €213 | €221 | +€8 | +3.7% |
| Profit (loss) for the period | 9904 | -€43,320 | -€30,339 | +€12,981 | +30.0% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€43,320 | -€30,339 | +€12,981 | +30.0% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.