JPGCS MANAGEMENT: what changed
What changed
JPGCS MANAGEMENT
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
-€4,494
2025 · €17,294-€21,788
Equity
€188,438
2025 · €192,932-€4,494
Cash
€7,589
2025 · €4,781+€2,807
Balance sheet total
€1.2m
2025 · €241,291+€978,220
Largest movements
Assets
- Tangible fixed assets +€1.1m
up €1.1m (+2,417%), from €46,921 to €1.2m
of which Land and buildings: +€1.2m
- Receivables within one year -€157,480
down €157,480 (-83.7%), from €188,218 to €30,738
of which Trade receivables: -€89,042
Equity and liabilities
- Debts after one year +€961,227
up €961,227 (+11,171%), from €8,604 to €969,832
- Current portion of long-term debt +€14,608
up €14,608 (+39.3%), from €37,133 to €51,741
Income statement
- Depreciation +€28,490
up €28,490 (+152%), from €18,789 to €47,279
- Gross operating margin +€6,715
up €6,715 (+15.2%), from €44,044 to €50,759
- Financial charges +€5,990
up €5,990 (+600%), from €999 to €6,989
- Taxes -€5,765
down €5,765 (-100%), from €5,765 to €0
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€17,294
Gross operating margin
+€6,715
Depreciation
-€28,490
Other operating charges
+€213
Financial income
+€0
Financial charges
-€5,990
Taxes
+€5,765
Result 2026
-€4,494
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€208,222
Investment
-€1.2m
Financing
+€975,835
Cash 2025
€4,781
From operations (derived)
+€208,222
Net result for the year
-€4,494
Depreciation
+€47,279
Receivables within one year
+€157,480
Smaller working-capital items
+€13
Other debts
+€3,745
Accrued charges and deferred income
+€4,200
Investment (derived)
-€1.2m
Investment in fixed assets (net)
-€1.2m
Financing
+€975,835
Debts after one year
+€961,227
Current portion of long-term debt
+€14,608
Cash 2026
€7,589
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €241,291 | €1,219,511 | +€978,220 | +405% |
| Fixed assets | 21/28 | €47,004 | €1,180,976 | +€1.1m | +2,412% |
| Tangible fixed assets | 22/27 | €46,921 | €1,180,893 | +€1.1m | +2,417% |
| Land and buildings | 22 | - | €1,152,760 | +€1.2m | |
| Furniture and vehicles | 24 | €46,921 | €28,133 | -€18,789 | -40.0% |
| Financial fixed assets | 28 | €83 | €83 | = | 0.0% |
| Current assets | 29/58 | €194,287 | €38,535 | -€155,751 | -80.2% |
| Amounts receivable within one year | 40/41 | €188,218 | €30,738 | -€157,480 | -83.7% |
| Trade receivables | 40 | €105,000 | €15,958 | -€89,042 | -84.8% |
| Other amounts receivable | 41 | €83,218 | €14,780 | -€68,438 | -82.2% |
| Cash at bank and in hand | 54/58 | €4,781 | €7,589 | +€2,807 | +58.7% |
| Deferred charges and accrued income | 490/1 | €1,287 | €208 | -€1,079 | -83.8% |
| Total equity and liabilities | 10/49 | €241,291 | €1,219,511 | +€978,220 | +405% |
| Equity | 10/15 | €192,932 | €188,438 | -€4,494 | -2.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €44,060 | €44,060 | = | 0.0% |
| 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 | €42,200 | €42,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €130,272 | €125,778 | -€4,494 | -3.4% |
| Amounts payable | 17/49 | €48,359 | €1,031,073 | +€982,714 | +2,032% |
| Amounts payable after more than one year | 17 | €8,604 | €969,832 | +€961,227 | +11,171% |
| Financial debts | 170/4 | €8,604 | €969,832 | +€961,227 | +11,171% |
| Amounts payable within one year | 42/48 | €39,754 | €57,041 | +€17,287 | +43.5% |
| Current portion of amounts payable after more than one year | 42 | €37,133 | €51,741 | +€14,608 | +39.3% |
| Trade debts | 44 | €2,621 | €891 | -€1,730 | -66.0% |
| Suppliers | 440/4 | €2,621 | €891 | -€1,730 | -66.0% |
| Taxes, remuneration and social security | 45 | €0 | €664 | +€664 | |
| Taxes | 450/3 | €0 | €664 | +€664 | |
| Other amounts payable | 47/48 | €0 | €3,745 | +€3,745 | |
| Accrued charges and deferred income | 492/3 | - | €4,200 | +€4,200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,789 | €47,279 | +€28,490 | +152% |
| Other operating charges | 640/8 | €1,198 | €985 | -€213 | -17.8% |
| Gross operating margin | 9900 | €44,044 | €50,759 | +€6,715 | +15.2% |
| Operating profit (loss) | 9901 | €24,057 | €2,495 | -€21,562 | -89.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €999 | €6,989 | +€5,990 | +600% |
| Recurring financial charges | 65 | €999 | €6,989 | +€5,990 | +600% |
| Profit (loss) for the period before taxes | 9903 | €23,059 | -€4,494 | -€27,552 | |
| Income taxes | 67/77 | €5,765 | €0 | -€5,765 | -100% |
| Profit (loss) for the period | 9904 | €17,294 | -€4,494 | -€21,788 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,294 | -€4,494 | -€21,788 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.