JPJ: 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.
JPJ
Largest movements
- Tangible fixed assets -€52,571
down €52,571 (-16.0%), from €329,237 to €276,665
of which Land and buildings: -€47,286
- Cash -€49,763
down €49,763 (-46.3%), from €107,437 to €57,674
mainly Net result for the year (-€81,691) and Other debts (-€17,291)
- Receivables within one year -€7,026
down €7,026 (-41.9%), from €16,788 to €9,762
of which Other amounts receivable: -€14,202
- Profit (loss) carried forward -€81,691
down €81,691 (-922.4%), from -€8,856 to -€90,547
- Other debts -€17,291
down €17,291 (-10.4%), from €166,917 to €149,626
- Current portion of long-term debt -€17,263
down €17,263 (-84.6%), from €20,403 to €3,140
- Accrued charges and deferred income +€8,058
up €8,058, from €0 to €8,058
- Turnover -€157,002
no longer reported in 2025 (was €157,002)
- Purchases and services -€98,761
no longer reported in 2025 (was €98,761)
- Gross operating margin -€77,090
down €77,090, from €64,435 to -€12,655
- Other operating charges -€22,300
down €22,300 (-75.2%), from €29,635 to €7,335
- Depreciation -€11,612
down €11,612 (-18.1%), from €64,183 to €52,571
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 | €454,649 | €344,511 | -€110,138 | -24.2% |
| Fixed assets | 21/28 | €329,237 | €276,665 | -€52,571 | -16.0% |
| Tangible fixed assets | 22/27 | €329,237 | €276,665 | -€52,571 | -16.0% |
| Land and buildings | 22 | €322,273 | €274,986 | -€47,286 | -14.7% |
| Furniture and vehicles | 24 | €6,964 | €1,679 | -€5,285 | -75.9% |
| Current assets | 29/58 | €125,413 | €67,846 | -€57,567 | -45.9% |
| Amounts receivable within one year | 40/41 | €16,788 | €9,762 | -€7,026 | -41.9% |
| Trade receivables | 40 | €10 | €7,186 | +€7,176 | +71763.0% |
| Other amounts receivable | 41 | €16,778 | €2,576 | -€14,202 | -84.6% |
| Current investments | 50/53 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €107,437 | €57,674 | -€49,763 | -46.3% |
| Deferred charges and accrued income | 490/1 | €1,188 | €410 | -€778 | -65.5% |
| Total equity and liabilities | 10/49 | €454,649 | €344,511 | -€110,138 | -24.2% |
| Equity | 10/15 | €251,412 | €169,721 | -€81,691 | -32.5% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €235,479 | €235,479 | = | 0.0% |
| Non-distributable reserves | 130/1 | €226,479 | €226,479 | = | 0.0% |
| Reserves not available under the articles | 1311 | €226,479 | €226,479 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,000 | €9,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,856 | -€90,547 | -€81,691 | -922.4% |
| Amounts payable | 17/49 | €203,237 | €174,790 | -€28,447 | -14.0% |
| Amounts payable after more than one year | 17 | €11,325 | €8,185 | -€3,140 | -27.7% |
| Financial debts | 170/4 | €10,730 | €7,590 | -€3,140 | -29.3% |
| Other amounts payable | 178/9 | €595 | €595 | = | 0.0% |
| Amounts payable within one year | 42/48 | €191,912 | €158,547 | -€33,365 | -17.4% |
| Current portion of amounts payable after more than one year | 42 | €20,403 | €3,140 | -€17,263 | -84.6% |
| Trade debts | 44 | €3,243 | €4,420 | +€1,178 | +36.3% |
| Suppliers | 440/4 | €3,243 | €4,420 | +€1,178 | +36.3% |
| Taxes, remuneration and social security | 45 | €1,350 | €1,361 | +€11 | +0.8% |
| Taxes | 450/3 | €1,350 | €1,361 | +€11 | +0.8% |
| Other amounts payable | 47/48 | €166,917 | €149,626 | -€17,291 | -10.4% |
| Accrued charges and deferred income | 492/3 | €0 | €8,058 | +€8,058 | |
| Turnover | 70 | €157,002 | - | -€157,002 | |
| Goods, raw materials, services and sundry goods | 60/61 | €98,761 | - | -€98,761 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,183 | €52,571 | -€11,612 | -18.1% |
| Other operating charges | 640/8 | €29,635 | €7,335 | -€22,300 | -75.2% |
| Gross operating margin | 9900 | €64,435 | -€12,655 | -€77,090 | |
| Operating profit (loss) | 9901 | -€29,384 | -€72,561 | -€43,177 | -146.9% |
| Financial income | 75/76B | €34 | €1 | -€33 | -97.7% |
| Recurring financial income | 75 | €34 | €1 | -€33 | -97.7% |
| Financial charges | 65/66B | €1,888 | €9,131 | +€7,243 | +383.7% |
| Recurring financial charges | 65 | €1,888 | €9,131 | +€7,243 | +383.7% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€31,237 | -€81,691 | -€50,454 | -161.5% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€31,237 | -€81,691 | -€50,454 | -161.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,237 | -€81,691 | -€50,454 | -161.5% |
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 11 October 2026 via checked.be.