JPK MANAGEMENT: 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.
JPK MANAGEMENT
Largest movements
- Deferred charges and accrued income -€17,686
no longer reported in 2025 (was €17,686)
- Cash +€16,901
up €16,901 (+46.1%), from €36,684 to €53,585
mainly Current portion of long-term debt (+€18,093) and Deferred charges and accrued income (+€17,686)
- Tangible fixed assets -€12,462
down €12,462 (-3.2%), from €387,656 to €375,194
- Debts after one year -€19,470
down €19,470 (-12.9%), from €151,338 to €131,868
- Current portion of long-term debt +€18,093
up €18,093 (+42.9%), from €42,132 to €60,225
- Tax, wage and social debts -€17,294
down €17,294 (-42.5%), from €40,730 to €23,436
of which Taxes: -€17,294
- Profit (loss) carried forward +€9,370
new in 2025: €9,370
- Trade debts -€5,580
down €5,580 (-87.6%), from €6,369 to €789
- Gross operating margin +€16,264
up €16,264 (+68.4%), from €23,783 to €40,048
- Other operating charges +€10,375
up €10,375 (+2279.8%), from €455 to €10,830
- Depreciation +€3,756
up €3,756 (+43.1%), from €8,706 to €12,462
- Taxes +€3,470
up €3,470 (+90.5%), from €3,836 to €7,305
- Financial income -€724
down €724 (-53.3%), from €1,359 to €635
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 | €458,102 | €444,725 | -€13,378 | -2.9% |
| Fixed assets | 21/28 | €387,656 | €375,194 | -€12,462 | -3.2% |
| Tangible fixed assets | 22/27 | €387,656 | €375,194 | -€12,462 | -3.2% |
| Land and buildings | 22 | €387,656 | €375,194 | -€12,462 | -3.2% |
| Current assets | 29/58 | €70,447 | €69,531 | -€916 | -1.3% |
| Amounts receivable within one year | 40/41 | €16,077 | €15,946 | -€131 | -0.8% |
| Trade receivables | 40 | €6,847 | €2,010 | -€4,837 | -70.6% |
| Other amounts receivable | 41 | €9,230 | €13,937 | +€4,706 | +51.0% |
| Cash at bank and in hand | 54/58 | €36,684 | €53,585 | +€16,901 | +46.1% |
| Deferred charges and accrued income | 490/1 | €17,686 | - | -€17,686 | |
| Total equity and liabilities | 10/49 | €458,102 | €444,725 | -€13,378 | -2.9% |
| Equity | 10/15 | €217,532 | €225,068 | +€7,536 | +3.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €198,932 | €197,099 | -€1,834 | -0.9% |
| 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 | €197,072 | €195,239 | -€1,834 | -0.9% |
| Profit (loss) carried forward | 14 | - | €9,370 | +€9,370 | |
| Amounts payable | 17/49 | €240,570 | €219,656 | -€20,914 | -8.7% |
| Amounts payable after more than one year | 17 | €151,338 | €131,868 | -€19,470 | -12.9% |
| Financial debts | 170/4 | €151,338 | €131,868 | -€19,470 | -12.9% |
| Amounts payable within one year | 42/48 | €89,232 | €87,788 | -€1,444 | -1.6% |
| Current portion of amounts payable after more than one year | 42 | €42,132 | €60,225 | +€18,093 | +42.9% |
| Trade debts | 44 | €6,369 | €789 | -€5,580 | -87.6% |
| Suppliers | 440/4 | €6,369 | €789 | -€5,580 | -87.6% |
| Advances received on contracts in progress | 46 | - | €2,950 | +€2,950 | |
| Taxes, remuneration and social security | 45 | €40,730 | €23,436 | -€17,294 | -42.5% |
| Taxes | 450/3 | €38,730 | €21,436 | -€17,294 | -44.7% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | - | €388 | +€388 | |
| Non-recurring operating income | 76A | €2,427 | €40,821 | +€38,395 | +1582.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,706 | €12,462 | +€3,756 | +43.1% |
| Other operating charges | 640/8 | €455 | €10,830 | +€10,375 | +2279.8% |
| Gross operating margin | 9900 | €23,783 | €40,048 | +€16,264 | +68.4% |
| Operating profit (loss) | 9901 | €14,622 | €16,755 | +€2,133 | +14.6% |
| Financial income | 75/76B | €1,359 | €635 | -€724 | -53.3% |
| Recurring financial income | 75 | €1,359 | €635 | -€724 | -53.3% |
| Financial charges | 65/66B | €4,063 | €4,164 | +€100 | +2.5% |
| Recurring financial charges | 65 | €4,063 | €4,164 | +€100 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | €11,918 | €13,226 | +€1,308 | +11.0% |
| Income taxes | 67/77 | €3,836 | €7,305 | +€3,470 | +90.5% |
| Profit (loss) for the period | 9904 | €8,082 | €5,921 | -€2,161 | -26.7% |
| Profit (loss) for the period to be appropriated | 9905 | €8,082 | €5,921 | -€2,161 | -26.7% |
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 11 October 2026 via checked.be.