JPA PROPERTIES: 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 PROPERTIES
Largest movements
- Cash -€3.0m
down €3.0m (-74.3%), from €4.1m to €1.0m
mainly Debts after one year (-€10.3m) and Deferred charges and accrued income (-€714,959)
- Current investments -€1.4m
down €1.4m (-1.3%), from €105.2m to €103.8m
- Debts after one year -€10.3m
down €10.3m (-10.9%), from €94.5m to €84.2m
- Accrued charges and deferred income +€6.1m
up €6.1m (+133%), from €4.6m to €10.6m
- Financial income -€168,126
down €168,126 (-9.8%), from €1.7m to €1.6m
- Financial charges -€165,453
down €165,453 (-9.6%), from €1.7m to €1.6m
- Gross operating margin +€5,332
no longer reported in 2024 (was -€5,332)
- Other operating charges -€1,025
down €1,025 (-51.4%), from €1,992 to €968
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €109,984,625 | €106,285,331 | -€3.7m | -3.4% |
| Current assets | 29/58 | €109,984,625 | €106,285,331 | -€3.7m | -3.4% |
| Current investments | 50/53 | €105,174,845 | €103,777,094 | -€1.4m | -1.3% |
| Cash at bank and in hand | 54/58 | €4,059,188 | €1,042,686 | -€3.0m | -74.3% |
| Deferred charges and accrued income | 490/1 | €750,592 | €1,465,551 | +€714,959 | +95.3% |
| Total equity and liabilities | 10/49 | €109,984,625 | €106,285,331 | -€3.7m | -3.4% |
| Equity | 10/15 | -€20,364 | -€24,099 | -€3,735 | -18.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,964 | -€42,699 | -€3,735 | -9.6% |
| Amounts payable | 17/49 | €110,004,988 | €106,309,429 | -€3.7m | -3.4% |
| Amounts payable after more than one year | 17 | €94,460,311 | €84,206,346 | -€10.3m | -10.9% |
| Other amounts payable | 178/9 | €94,460,311 | €84,206,346 | -€10.3m | -10.9% |
| Amounts payable within one year | 42/48 | €10,983,270 | €11,489,558 | +€506,288 | +4.6% |
| Current portion of amounts payable after more than one year | 42 | €9,732,317 | €10,253,965 | +€521,648 | +5.4% |
| Trade debts | 44 | €2,695 | €2,695 | = | 0.0% |
| Suppliers | 440/4 | €2,695 | €2,695 | = | 0.0% |
| Other amounts payable | 47/48 | €1,248,258 | €1,232,897 | -€15,361 | -1.2% |
| Accrued charges and deferred income | 492/3 | €4,561,407 | €10,613,525 | +€6.1m | +133% |
| Other operating charges | 640/8 | €1,992 | €968 | -€1,025 | -51.4% |
| Gross operating margin | 9900 | -€5,332 | - | +€5,332 | |
| Operating profit (loss) | 9901 | -€7,324 | -€968 | +€6,357 | +86.8% |
| Financial income | 75/76B | €1,719,385 | €1,551,259 | -€168,126 | -9.8% |
| Recurring financial income | 75 | €1,719,385 | €1,551,259 | -€168,126 | -9.8% |
| Financial charges | 65/66B | €1,719,480 | €1,554,027 | -€165,453 | -9.6% |
| Recurring financial charges | 65 | €1,719,480 | €1,554,027 | -€165,453 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | -€7,420 | -€3,735 | +€3,685 | +49.7% |
| Profit (loss) for the period | 9904 | -€7,420 | -€3,735 | +€3,685 | +49.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,420 | -€3,735 | +€3,685 | +49.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.