JPEG: 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.
JPEG
Largest movements
- Cash -€63,979
down €63,979 (-56.1%), from €113,976 to €49,997
mainly Contributions, distributions and other (-€87,400) and Other debts (-€43,138)
- Tangible fixed assets +€9,392
up €9,392 (+79.0%), from €11,892 to €21,284
of which Plant, machinery and equipment: +€11,231
- Receivables within one year +€7,294
up €7,294 (+46.8%), from €15,586 to €22,880
of which Trade receivables: +€11,249
- Other debts -€43,138
down €43,138 (-35.9%), from €120,114 to €76,976
- Tax, wage and social debts -€5,635
down €5,635 (-32.0%), from €17,606 to €11,971
of which Taxes: -€5,635
- Trade debts +€2,233
up €2,233 (+204.2%), from €1,093 to €3,327
- Gross operating margin -€38,216
down €38,216 (-23.3%), from €164,247 to €126,032
- Taxes -€9,634
down €9,634 (-24.8%), from €38,856 to €29,222
- Depreciation -€3,038
down €3,038 (-29.3%), from €10,376 to €7,338
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 | €141,453 | €94,500 | -€46,953 | -33.2% |
| Fixed assets | 21/28 | €11,892 | €21,284 | +€9,392 | +79.0% |
| Tangible fixed assets | 22/27 | €11,892 | €21,284 | +€9,392 | +79.0% |
| Plant, machinery and equipment | 23 | €1,854 | €13,085 | +€11,231 | +605.8% |
| Furniture and vehicles | 24 | €4,121 | €2,701 | -€1,420 | -34.5% |
| Other tangible fixed assets | 26 | €5,916 | €5,497 | -€419 | -7.1% |
| Current assets | 29/58 | €129,561 | €73,216 | -€56,345 | -43.5% |
| Amounts receivable within one year | 40/41 | €15,586 | €22,880 | +€7,294 | +46.8% |
| Trade receivables | 40 | €6,804 | €18,054 | +€11,249 | +165.3% |
| Other amounts receivable | 41 | €8,781 | €4,826 | -€3,955 | -45.0% |
| Cash at bank and in hand | 54/58 | €113,976 | €49,997 | -€63,979 | -56.1% |
| Deferred charges and accrued income | 490/1 | - | €339 | +€339 | |
| Total equity and liabilities | 10/49 | €141,453 | €94,500 | -€46,953 | -33.2% |
| Equity | 10/15 | €2,000 | €2,036 | +€36 | +1.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €0 | €36 | +€36 | |
| Amounts payable | 17/49 | €139,453 | €92,464 | -€46,989 | -33.7% |
| Amounts payable within one year | 42/48 | €138,813 | €92,274 | -€46,539 | -33.5% |
| Trade debts | 44 | €1,093 | €3,327 | +€2,233 | +204.2% |
| Suppliers | 440/4 | €1,093 | €3,327 | +€2,233 | +204.2% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €17,606 | €11,971 | -€5,635 | -32.0% |
| Taxes | 450/3 | €16,381 | €10,746 | -€5,635 | -34.4% |
| Remuneration and social security | 454/9 | €1,225 | €1,225 | = | 0.0% |
| Other amounts payable | 47/48 | €120,114 | €76,976 | -€43,138 | -35.9% |
| Accrued charges and deferred income | 492/3 | €640 | €190 | -€450 | -70.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,376 | €7,338 | -€3,038 | -29.3% |
| Other operating charges | 640/8 | €570 | €586 | +€16 | +2.8% |
| Non-recurring operating charges | 66A | - | €1,397 | +€1,397 | |
| Gross operating margin | 9900 | €164,247 | €126,032 | -€38,216 | -23.3% |
| Operating profit (loss) | 9901 | €153,302 | €116,710 | -€36,591 | -23.9% |
| Financial income | 75/76B | €8 | €78 | +€69 | +821.6% |
| Recurring financial income | 75 | €8 | €78 | +€69 | +821.6% |
| Financial charges | 65/66B | €621 | €129 | -€492 | -79.2% |
| Recurring financial charges | 65 | €621 | €129 | -€492 | -79.2% |
| Profit (loss) for the period before taxes | 9903 | €152,689 | €116,659 | -€36,031 | -23.6% |
| Income taxes | 67/77 | €38,856 | €29,222 | -€9,634 | -24.8% |
| Profit (loss) for the period | 9904 | €113,833 | €87,436 | -€26,397 | -23.2% |
| Profit (loss) for the period to be appropriated | 9905 | €113,833 | €87,436 | -€26,397 | -23.2% |
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 29 September 2026 via checked.be.