JPConcept: 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.
JPConcept
Largest movements
- Stocks and contracts +€274,203
up €274,203 (+1,126%), from €24,346 to €298,549
- Tangible fixed assets -€30,875
down €30,875 (-5.8%), from €536,605 to €505,730
of which Land and buildings: -€24,423
- Cash -€16,959
down €16,959 (-35.7%), from €47,480 to €30,520
mainly Stocks and contracts (-€274,203) and Net result for the year (-€102,607)
- Short-term financial debts +€204,000
new in 2025: €204,000
- Reserves -€102,607
down €102,607 (-30.1%), from €340,396 to €237,789
of which Distributable reserves: -€102,607
- Other debts +€94,967
new in 2025: €94,967
- Advances received +€54,811
new in 2025: €54,811
- Debts after one year -€24,942
down €24,942 (-9.3%), from €267,652 to €242,710
- Gross operating margin -€101,939
down €101,939, from €101,888 to -€52
- Staff costs +€18,154
up €18,154 (+50.0%), from €36,277 to €54,431
- Depreciation -€3,125
down €3,125 (-7.4%), from €42,361 to €39,236
- Financial charges +€2,150
up €2,150 (+33.4%), from €6,439 to €8,590
- Taxes -€1,857
down €1,857 (-100%), from €1,857 to €0
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 | €692,110 | €920,931 | +€228,820 | +33.1% |
| Fixed assets | 21/28 | €544,925 | €515,423 | -€29,502 | -5.4% |
| Intangible fixed assets | 21 | €8,320 | €6,153 | -€2,166 | -26.0% |
| Tangible fixed assets | 22/27 | €536,605 | €505,730 | -€30,875 | -5.8% |
| Land and buildings | 22 | €483,932 | €459,509 | -€24,423 | -5.0% |
| Plant, machinery and equipment | 23 | €32,171 | €27,398 | -€4,772 | -14.8% |
| Furniture and vehicles | 24 | €20,503 | €18,823 | -€1,680 | -8.2% |
| Financial fixed assets | 28 | - | €3,540 | +€3,540 | |
| Current assets | 29/58 | €147,185 | €405,507 | +€258,322 | +176% |
| Amounts receivable after more than one year | 29 | €3,540 | - | -€3,540 | |
| Other amounts receivable | 291 | €3,540 | - | -€3,540 | |
| Stocks and contracts in progress | 3 | €24,346 | €298,549 | +€274,203 | +1,126% |
| Stocks | 30/36 | €24,346 | €298,549 | +€274,203 | +1,126% |
| Amounts receivable within one year | 40/41 | €67,456 | €71,151 | +€3,695 | +5.5% |
| Trade receivables | 40 | €48,230 | €56,224 | +€7,995 | +16.6% |
| Other amounts receivable | 41 | €19,226 | €14,927 | -€4,300 | -22.4% |
| Cash at bank and in hand | 54/58 | €47,480 | €30,520 | -€16,959 | -35.7% |
| Deferred charges and accrued income | 490/1 | €4,364 | €5,287 | +€923 | +21.2% |
| Total equity and liabilities | 10/49 | €692,110 | €920,931 | +€228,820 | +33.1% |
| Equity | 10/15 | €358,996 | €256,389 | -€102,607 | -28.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €340,396 | €237,789 | -€102,607 | -30.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €338,536 | €235,929 | -€102,607 | -30.3% |
| Amounts payable | 17/49 | €333,115 | €664,542 | +€331,427 | +99.5% |
| Amounts payable after more than one year | 17 | €267,652 | €242,710 | -€24,942 | -9.3% |
| Financial debts | 170/4 | €267,652 | €242,710 | -€24,942 | -9.3% |
| Amounts payable within one year | 42/48 | €65,463 | €421,832 | +€356,369 | +544% |
| Current portion of amounts payable after more than one year | 42 | €26,718 | €25,928 | -€790 | -3.0% |
| Financial debts | 43 | - | €204,000 | +€204,000 | |
| Credit institutions | 430/8 | - | €204,000 | +€204,000 | |
| Trade debts | 44 | €25,839 | €34,781 | +€8,943 | +34.6% |
| Suppliers | 440/4 | €25,839 | €34,781 | +€8,943 | +34.6% |
| Advances received on contracts in progress | 46 | - | €54,811 | +€54,811 | |
| Taxes, remuneration and social security | 45 | €12,906 | €7,344 | -€5,563 | -43.1% |
| Taxes | 450/3 | €4,279 | €1,857 | -€2,422 | -56.6% |
| Remuneration and social security | 454/9 | €8,627 | €5,487 | -€3,140 | -36.4% |
| Other amounts payable | 47/48 | - | €94,967 | +€94,967 | |
| Remuneration, social security and pensions | 62 | €36,277 | €54,431 | +€18,154 | +50.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,361 | €39,236 | -€3,125 | -7.4% |
| Other operating charges | 640/8 | €3,340 | €3,596 | +€256 | +7.7% |
| Gross operating margin | 9900 | €101,888 | -€52 | -€101,939 | |
| Operating profit (loss) | 9901 | €19,910 | -€97,315 | -€117,224 | |
| Financial income | 75/76B | €2,758 | €3,298 | +€540 | +19.6% |
| Recurring financial income | 75 | €2,758 | €3,298 | +€540 | +19.6% |
| Financial charges | 65/66B | €6,439 | €8,590 | +€2,150 | +33.4% |
| Recurring financial charges | 65 | €6,439 | €8,590 | +€2,150 | +33.4% |
| Profit (loss) for the period before taxes | 9903 | €16,228 | -€102,607 | -€118,835 | |
| Income taxes | 67/77 | €1,857 | €0 | -€1,857 | -100% |
| Profit (loss) for the period | 9904 | €14,371 | -€102,607 | -€116,978 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,371 | -€102,607 | -€116,978 |
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 13 October 2026 via checked.be.