JPCE: 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.
JPCE
Largest movements
- Receivables within one year -€363,716
down €363,716 (-90.3%), from €402,696 to €38,980
of which Other amounts receivable: -€360,691
- Cash +€110,856
up €110,856 (+1,053%), from €10,525 to €121,381
mainly Receivables within one year (+€363,716) and Net result for the year (+€19,427)
- Debts after one year -€220,000
no longer reported in 2025 (was €220,000)
- Trade debts -€28,464
down €28,464 (-97.4%), from €29,238 to €775
- Other debts -€23,657
no longer reported in 2025 (was €23,657)
- Reserves +€12,800
up €12,800 (+10.0%), from €127,650 to €140,450
- Profit (loss) carried forward +€6,627
up €6,627, from -€6,594 to €33
- Gross operating margin +€33,245
up €33,245, from -€21,830 to €11,415
- Taxes +€8,925
up €8,925 (+188%), from €4,739 to €13,664
- Depreciation -€3,730
down €3,730 (-68.5%), from €5,446 to €1,716
- Financial income -€1,648
down €1,648 (-5.1%), from €32,316 to €30,669
- Other operating charges +€362
up €362 (+5.3%), from €6,845 to €7,207
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 | €421,034 | €169,343 | -€251,691 | -59.8% |
| Fixed assets | 21/28 | €1,716 | €0 | -€1,716 | -100% |
| Tangible fixed assets | 22/27 | €1,716 | €0 | -€1,716 | -100% |
| Furniture and vehicles | 24 | €1,716 | €0 | -€1,716 | -100% |
| Current assets | 29/58 | €419,319 | €169,343 | -€249,976 | -59.6% |
| Amounts receivable within one year | 40/41 | €402,696 | €38,980 | -€363,716 | -90.3% |
| Trade receivables | 40 | €10,285 | €7,260 | -€3,025 | -29.4% |
| Other amounts receivable | 41 | €392,411 | €31,720 | -€360,691 | -91.9% |
| Cash at bank and in hand | 54/58 | €10,525 | €121,381 | +€110,856 | +1,053% |
| Deferred charges and accrued income | 490/1 | €6,098 | €8,982 | +€2,885 | +47.3% |
| Total equity and liabilities | 10/49 | €421,034 | €169,343 | -€251,691 | -59.8% |
| Equity | 10/15 | €135,556 | €154,983 | +€19,427 | +14.3% |
| Contributions | 10/11 | €14,500 | €14,500 | = | 0.0% |
| Reserves | 13 | €127,650 | €140,450 | +€12,800 | +10.0% |
| Distributable reserves | 133 | €127,650 | €140,450 | +€12,800 | +10.0% |
| Profit (loss) carried forward | 14 | -€6,594 | €33 | +€6,627 | |
| Amounts payable | 17/49 | €285,478 | €14,360 | -€271,118 | -95.0% |
| Amounts payable after more than one year | 17 | €220,000 | - | -€220,000 | |
| Financial debts | 170/4 | €220,000 | - | -€220,000 | |
| Amounts payable within one year | 42/48 | €65,303 | €14,185 | -€51,118 | -78.3% |
| Trade debts | 44 | €29,238 | €775 | -€28,464 | -97.4% |
| Suppliers | 440/4 | €29,238 | €775 | -€28,464 | -97.4% |
| Taxes, remuneration and social security | 45 | €12,407 | €13,410 | +€1,003 | +8.1% |
| Taxes | 450/3 | €9,192 | €13,410 | +€4,218 | +45.9% |
| Remuneration and social security | 454/9 | €3,215 | - | -€3,215 | |
| Other amounts payable | 47/48 | €23,657 | - | -€23,657 | |
| Accrued charges and deferred income | 492/3 | €175 | €175 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,446 | €1,716 | -€3,730 | -68.5% |
| Other operating charges | 640/8 | €6,845 | €7,207 | +€362 | +5.3% |
| Gross operating margin | 9900 | -€21,830 | €11,415 | +€33,245 | |
| Operating profit (loss) | 9901 | -€34,121 | €2,492 | +€36,614 | |
| Financial income | 75/76B | €32,316 | €30,669 | -€1,648 | -5.1% |
| Recurring financial income | 75 | €32,316 | €30,669 | -€1,648 | -5.1% |
| Financial charges | 65/66B | €75 | €70 | -€5 | -6.1% |
| Recurring financial charges | 65 | €75 | €70 | -€5 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,880 | €33,091 | +€34,971 | |
| Income taxes | 67/77 | €4,739 | €13,664 | +€8,925 | +188% |
| Profit (loss) for the period | 9904 | -€6,619 | €19,427 | +€26,046 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,619 | €19,427 | +€26,046 |
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 20 October 2026 via checked.be.