JPD ACTIVITIES: 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.
JPD ACTIVITIES
Largest movements
- Cash -€4,705
down €4,705 (-24.4%), from €19,306 to €14,601
mainly Other debts (-€5,724) and Receivables within one year (-€3,292)
- Receivables within one year +€3,292
up €3,292 (+25.6%), from €12,865 to €16,157
of which Other amounts receivable: +€2,189
- Stocks and contracts -€2,000
no longer reported in 2025 (was €2,000)
- Other debts -€5,724
down €5,724 (-91.6%), from €6,246 to €522
- Trade debts +€1,695
up €1,695 (+103%), from €1,651 to €3,346
- Accrued charges and deferred income +€549
new in 2025: €549
- Gross operating margin -€3,309
down €3,309 (-57.7%), from €5,732 to €2,423
- Depreciation -€1,856
down €1,856 (-80.9%), from €2,294 to €438
- Financial charges +€668
up €668 (+341%), from €196 to €863
- Taxes -€524
down €524 (-62.7%), from €836 to €311
- Other operating charges +€86
up €86 (+21.6%), from €398 to €484
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 | €38,666 | €35,645 | -€3,021 | -7.8% |
| Fixed assets | 21/28 | €3,489 | €3,869 | +€379 | +10.9% |
| Tangible fixed assets | 22/27 | €2,034 | €2,414 | +€379 | +18.6% |
| Plant, machinery and equipment | 23 | €515 | €305 | -€210 | -40.8% |
| Furniture and vehicles | 24 | €1,519 | €2,108 | +€590 | +38.8% |
| Financial fixed assets | 28 | €1,455 | €1,455 | = | 0.0% |
| Current assets | 29/58 | €35,177 | €31,777 | -€3,400 | -9.7% |
| Stocks and contracts in progress | 3 | €2,000 | - | -€2,000 | |
| Contracts in progress | 37 | €2,000 | - | -€2,000 | |
| Amounts receivable within one year | 40/41 | €12,865 | €16,157 | +€3,292 | +25.6% |
| Trade receivables | 40 | €6,201 | €7,304 | +€1,103 | +17.8% |
| Other amounts receivable | 41 | €6,664 | €8,853 | +€2,189 | +32.8% |
| Cash at bank and in hand | 54/58 | €19,306 | €14,601 | -€4,705 | -24.4% |
| Deferred charges and accrued income | 490/1 | €1,005 | €1,018 | +€13 | +1.3% |
| Total equity and liabilities | 10/49 | €38,666 | €35,645 | -€3,021 | -7.8% |
| Equity | 10/15 | €9,150 | €9,476 | +€327 | +3.6% |
| Contributions | 10/11 | €16,155 | €16,155 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,006 | -€6,679 | +€327 | +4.7% |
| Amounts payable | 17/49 | €29,517 | €26,169 | -€3,347 | -11.3% |
| Amounts payable after more than one year | 17 | €20,000 | €20,000 | = | 0.0% |
| Financial debts | 170/4 | €20,000 | €20,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €9,517 | €5,620 | -€3,896 | -40.9% |
| Trade debts | 44 | €1,651 | €3,346 | +€1,695 | +103% |
| Suppliers | 440/4 | €1,651 | €3,346 | +€1,695 | +103% |
| Taxes, remuneration and social security | 45 | €1,620 | €1,751 | +€132 | +8.1% |
| Taxes | 450/3 | €1,620 | €1,751 | +€132 | +8.1% |
| Other amounts payable | 47/48 | €6,246 | €522 | -€5,724 | -91.6% |
| Accrued charges and deferred income | 492/3 | - | €549 | +€549 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,294 | €438 | -€1,856 | -80.9% |
| Other operating charges | 640/8 | €398 | €484 | +€86 | +21.6% |
| Gross operating margin | 9900 | €5,732 | €2,423 | -€3,309 | -57.7% |
| Operating profit (loss) | 9901 | €3,041 | €1,501 | -€1,540 | -50.6% |
| Financial charges | 65/66B | €196 | €863 | +€668 | +341% |
| Recurring financial charges | 65 | €196 | €863 | +€668 | +341% |
| Profit (loss) for the period before taxes | 9903 | €2,845 | €638 | -€2,207 | -77.6% |
| Income taxes | 67/77 | €836 | €311 | -€524 | -62.7% |
| Profit (loss) for the period | 9904 | €2,010 | €327 | -€1,683 | -83.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,010 | €327 | -€1,683 | -83.7% |
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 18 October 2026 via checked.be.