JPC: what changed
Two fiscal 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.
JPC
Largest movements
- Cash -€54,853
down €54,853 (-8.3%), from €658,651 to €603,798
mainly Net result for the year (-€30,581) and Investment in fixed assets (net) (-€12,844)
- Profit (loss) carried forward -€30,581
down €30,581, from €2,566 to -€28,015
- Financial income -€51,191
down €51,191 (-71.5%), from €71,592 to €20,401
- Taxes -€24,127
down €24,127, from €22,098 to -€2,029
- Gross operating margin -€16,417
down €16,417, from €9,000 to -€7,417
- Financial charges -€5,656
down €5,656 (-11.1%), from €51,042 to €45,386
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.
Cash bridge derived
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 | €1,703,704 | €1,662,236 | -€41,468 | -2.4% |
| Fixed assets | 21/28 | €1,045,053 | €1,057,897 | +€12,844 | +1.2% |
| Financial fixed assets | 28 | €1,045,053 | €1,057,897 | +€12,844 | +1.2% |
| Current assets | 29/58 | €658,651 | €604,339 | -€54,312 | -8.2% |
| Amounts receivable within one year | 40/41 | - | €541 | +€541 | |
| Other amounts receivable | 41 | - | €541 | +€541 | |
| Cash at bank and in hand | 54/58 | €658,651 | €603,798 | -€54,853 | -8.3% |
| Total equity and liabilities | 10/49 | €1,703,704 | €1,662,236 | -€41,468 | -2.4% |
| Equity | 10/15 | €1,674,036 | €1,643,455 | -€30,581 | -1.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,665,270 | €1,665,270 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,665,270 | €1,665,270 | = | 0.0% |
| Reserves not available under the articles | 1311 | €620 | €620 | = | 0.0% |
| Other | 1319 | €1,664,650 | €1,664,650 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,566 | -€28,015 | -€30,581 | |
| Amounts payable | 17/49 | €29,668 | €18,781 | -€10,887 | -36.7% |
| Amounts payable within one year | 42/48 | €29,668 | €18,781 | -€10,887 | -36.7% |
| Trade debts | 44 | - | €655 | +€655 | |
| Suppliers | 440/4 | - | €655 | +€655 | |
| Advances received on contracts in progress | 46 | €5,000 | - | -€5,000 | |
| Taxes, remuneration and social security | 45 | €17,891 | €12,936 | -€4,955 | -27.7% |
| Taxes | 450/3 | €17,891 | €12,936 | -€4,955 | -27.7% |
| Other amounts payable | 47/48 | €6,777 | €5,190 | -€1,587 | -23.4% |
| Other operating charges | 640/8 | €208 | €208 | = | 0.0% |
| Gross operating margin | 9900 | €9,000 | -€7,417 | -€16,417 | |
| Operating profit (loss) | 9901 | €8,792 | -€7,625 | -€16,417 | |
| Financial income | 75/76B | €71,592 | €20,401 | -€51,191 | -71.5% |
| Recurring financial income | 75 | €71,592 | €20,401 | -€51,191 | -71.5% |
| Financial charges | 65/66B | €51,042 | €45,386 | -€5,656 | -11.1% |
| Recurring financial charges | 65 | €51,042 | €45,386 | -€5,656 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | €29,342 | -€32,610 | -€61,952 | |
| Income taxes | 67/77 | €22,098 | -€2,029 | -€24,127 | |
| Profit (loss) for the period | 9904 | €7,244 | -€30,581 | -€37,825 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,244 | -€30,581 | -€37,825 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.