JPG SURGERY: 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.
JPG SURGERY
Largest movements
- Cash -€100,946
down €100,946 (-61.7%), from €163,633 to €62,687
mainly Contributions, distributions and other (-€74,540) and Other debts (-€62,982)
- Deferred charges and accrued income +€38,686
up €38,686 (+78.1%), from €49,548 to €88,234
- Receivables within one year +€4,899
up €4,899 (+66.9%), from €7,326 to €12,225
- Tangible fixed assets -€2,402
down €2,402 (-44.6%), from €5,382 to €2,980
- Other debts -€62,982
down €62,982 (-33.6%), from €187,460 to €124,478
- Trade debts +€3,003
up €3,003 (+44.1%), from €6,807 to €9,811
- Gross operating margin +€23,824
up €23,824 (+17.8%), from €134,048 to €157,872
- Taxes +€2,410
up €2,410 (+13.6%), from €17,737 to €20,148
- Financial charges +€2,258
up €2,258 (+89.0%), from €2,537 to €4,795
- Staff costs +€1,746
up €1,746 (+3.2%), from €54,096 to €55,842
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 | €226,090 | €166,326 | -€59,763 | -26.4% |
| Fixed assets | 21/28 | €5,582 | €3,180 | -€2,402 | -43.0% |
| Tangible fixed assets | 22/27 | €5,382 | €2,980 | -€2,402 | -44.6% |
| Furniture and vehicles | 24 | €5,382 | €2,980 | -€2,402 | -44.6% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €220,507 | €163,146 | -€57,361 | -26.0% |
| Amounts receivable within one year | 40/41 | €7,326 | €12,225 | +€4,899 | +66.9% |
| Other amounts receivable | 41 | €7,326 | €12,225 | +€4,899 | +66.9% |
| Cash at bank and in hand | 54/58 | €163,633 | €62,687 | -€100,946 | -61.7% |
| Deferred charges and accrued income | 490/1 | €49,548 | €88,234 | +€38,686 | +78.1% |
| Total equity and liabilities | 10/49 | €226,090 | €166,326 | -€59,763 | -26.4% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Amounts payable | 17/49 | €207,490 | €147,726 | -€59,763 | -28.8% |
| Amounts payable within one year | 42/48 | €207,437 | €147,726 | -€59,711 | -28.8% |
| Trade debts | 44 | €6,807 | €9,811 | +€3,003 | +44.1% |
| Suppliers | 440/4 | €6,807 | €9,811 | +€3,003 | +44.1% |
| Taxes, remuneration and social security | 45 | €13,170 | €13,438 | +€268 | +2.0% |
| Taxes | 450/3 | €5,235 | €5,235 | = | 0.0% |
| Remuneration and social security | 454/9 | €7,935 | €8,203 | +€268 | +3.4% |
| Other amounts payable | 47/48 | €187,460 | €124,478 | -€62,982 | -33.6% |
| Accrued charges and deferred income | 492/3 | €53 | €0 | -€53 | -100% |
| Non-recurring operating income | 76A | €279 | - | -€279 | |
| Remuneration, social security and pensions | 62 | €54,096 | €55,842 | +€1,746 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,504 | €2,402 | -€102 | -4.1% |
| Other operating charges | 640/8 | - | €251 | +€251 | |
| Gross operating margin | 9900 | €134,048 | €157,872 | +€23,824 | +17.8% |
| Operating profit (loss) | 9901 | €77,447 | €99,377 | +€21,930 | +28.3% |
| Financial income | 75/76B | €279 | €106 | -€173 | -62.1% |
| Recurring financial income | 75 | €279 | €106 | -€173 | -62.1% |
| Financial charges | 65/66B | €2,537 | €4,795 | +€2,258 | +89.0% |
| Recurring financial charges | 65 | €2,537 | €4,795 | +€2,258 | +89.0% |
| Profit (loss) for the period before taxes | 9903 | €75,189 | €94,688 | +€19,499 | +25.9% |
| Income taxes | 67/77 | €17,737 | €20,148 | +€2,410 | +13.6% |
| Profit (loss) for the period | 9904 | €57,451 | €74,540 | +€17,089 | +29.7% |
| Profit (loss) for the period to be appropriated | 9905 | €57,451 | €74,540 | +€17,089 | +29.7% |
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 1 November 2026 via checked.be.