JPC-EXP: 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-EXP
Largest movements
- Tangible fixed assets +€3,055
up €3,055 (+48.1%), from €6,348 to €9,403
of which Other tangible fixed assets: +€4,362
- Cash -€1,910
down €1,910 (-99.3%), from €1,923 to €13
mainly Net result for the year (-€10,975) and Investment in fixed assets (net) (-€5,471)
- Receivables within one year +€1,804
up €1,804 (+4265.6%), from €42 to €1,846
of which Trade receivables: +€1,833
- Deferred charges and accrued income +€762
up €762 (+100.3%), from €759 to €1,521
- Other debts +€11,497
up €11,497 (+229.5%), from €5,009 to €16,506
- Profit (loss) carried forward -€10,975
down €10,975 (-129.3%), from -€8,490 to -€19,466
- Trade debts +€3,041
up €3,041 (+1976.8%), from €154 to €3,195
- Tax, wage and social debts +€149
new in 2025: €149
- Gross operating margin -€24,439
down €24,439, from €17,550 to -€6,890
- Depreciation +€463
up €463 (+23.7%), from €1,953 to €2,416
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 | €9,072 | €12,783 | +€3,711 | +40.9% |
| Fixed assets | 21/28 | €6,348 | €9,403 | +€3,055 | +48.1% |
| Tangible fixed assets | 22/27 | €6,348 | €9,403 | +€3,055 | +48.1% |
| Land and buildings | 22 | €995 | €663 | -€332 | -33.3% |
| Furniture and vehicles | 24 | €975 | - | -€975 | |
| Other tangible fixed assets | 26 | €4,378 | €8,740 | +€4,362 | +99.7% |
| Current assets | 29/58 | €2,725 | €3,380 | +€655 | +24.1% |
| Amounts receivable within one year | 40/41 | €42 | €1,846 | +€1,804 | +4265.6% |
| Trade receivables | 40 | - | €1,833 | +€1,833 | |
| Other amounts receivable | 41 | €42 | €13 | -€29 | -69.6% |
| Cash at bank and in hand | 54/58 | €1,923 | €13 | -€1,910 | -99.3% |
| Deferred charges and accrued income | 490/1 | €759 | €1,521 | +€762 | +100.3% |
| Total equity and liabilities | 10/49 | €9,072 | €12,783 | +€3,711 | +40.9% |
| Equity | 10/15 | €3,910 | -€7,066 | -€10,975 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | €12,400 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,490 | -€19,466 | -€10,975 | -129.3% |
| Amounts payable | 17/49 | €5,163 | €19,849 | +€14,686 | +284.5% |
| Amounts payable within one year | 42/48 | €5,163 | €19,849 | +€14,686 | +284.5% |
| Trade debts | 44 | €154 | €3,195 | +€3,041 | +1976.8% |
| Suppliers | 440/4 | €154 | €3,195 | +€3,041 | +1976.8% |
| Taxes, remuneration and social security | 45 | - | €149 | +€149 | |
| Taxes | 450/3 | - | €149 | +€149 | |
| Other amounts payable | 47/48 | €5,009 | €16,506 | +€11,497 | +229.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,953 | €2,416 | +€463 | +23.7% |
| Other operating charges | 640/8 | €1,162 | €1,302 | +€139 | +12.0% |
| Gross operating margin | 9900 | €17,550 | -€6,890 | -€24,439 | |
| Operating profit (loss) | 9901 | €14,434 | -€10,607 | -€25,041 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €67 | €72 | +€5 | +6.9% |
| Recurring financial charges | 65 | €67 | €72 | +€5 | +6.9% |
| Profit (loss) for the period before taxes | 9903 | €14,367 | -€10,679 | -€25,046 | |
| Income taxes | 67/77 | €237 | €296 | +€59 | +25.0% |
| Profit (loss) for the period | 9904 | €14,130 | -€10,975 | -€25,105 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,130 | -€10,975 | -€25,105 |
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 4 October 2026 via checked.be.