JPL: 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.
JPL
Largest movements
- Cash -€22,828
down €22,828 (-81.3%), from €28,089 to €5,262
mainly Net result for the year (-€29,538) and Tax, wage and social debts (-€3,707)
- Receivables within one year -€2,081
down €2,081 (-26.3%), from €7,906 to €5,824
of which Other amounts receivable: -€3,026
- Tangible fixed assets -€1,332
down €1,332 (-28.2%), from €4,720 to €3,387
of which Other tangible fixed assets: -€1,181
- Deferred charges and accrued income -€822
down €822 (-19.4%), from €4,236 to €3,415
- Profit (loss) carried forward -€16,830
new in 2025: -€16,830
- Reserves -€12,708
down €12,708 (-100%), from €12,708 to €0
- Other debts +€5,715
up €5,715, from €0 to €5,715
- Tax, wage and social debts -€3,707
down €3,707 (-78.2%), from €4,740 to €1,033
- Trade debts +€640
up €640 (+7.4%), from €8,597 to €9,237
- Gross operating margin -€24,144
down €24,144 (-2,147%), from -€1,125 to -€25,269
- Other operating charges +€782
up €782 (+737%), from €106 to €889
- Taxes -€503
down €503 (-55.8%), from €902 to €398
- Depreciation -€403
down €403 (-14.7%), from €2,749 to €2,346
- Financial charges -€299
down €299 (-30.9%), from €968 to €669
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 | €44,951 | €17,888 | -€27,063 | -60.2% |
| Fixed assets | 21/28 | €4,720 | €3,387 | -€1,332 | -28.2% |
| Tangible fixed assets | 22/27 | €4,720 | €3,387 | -€1,332 | -28.2% |
| Furniture and vehicles | 24 | €1,568 | €1,416 | -€152 | -9.7% |
| Other tangible fixed assets | 26 | €3,152 | €1,971 | -€1,181 | -37.5% |
| Current assets | 29/58 | €40,231 | €14,501 | -€25,731 | -64.0% |
| Amounts receivable within one year | 40/41 | €7,906 | €5,824 | -€2,081 | -26.3% |
| Trade receivables | 40 | €4,879 | €5,824 | +€945 | +19.4% |
| Other amounts receivable | 41 | €3,026 | €0 | -€3,026 | -100% |
| Cash at bank and in hand | 54/58 | €28,089 | €5,262 | -€22,828 | -81.3% |
| Deferred charges and accrued income | 490/1 | €4,236 | €3,415 | -€822 | -19.4% |
| Total equity and liabilities | 10/49 | €44,951 | €17,888 | -€27,063 | -60.2% |
| Equity | 10/15 | €31,308 | €1,770 | -€29,538 | -94.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €12,708 | €0 | -€12,708 | -100% |
| Distributable reserves | 133 | €12,708 | €0 | -€12,708 | -100% |
| Profit (loss) carried forward | 14 | - | -€16,830 | -€16,830 | |
| Amounts payable | 17/49 | €13,643 | €16,118 | +€2,475 | +18.1% |
| Amounts payable within one year | 42/48 | €13,538 | €16,034 | +€2,496 | +18.4% |
| Financial debts | 43 | €201 | €49 | -€152 | -75.7% |
| Credit institutions | 430/8 | €201 | €49 | -€152 | -75.7% |
| Trade debts | 44 | €8,597 | €9,237 | +€640 | +7.4% |
| Suppliers | 440/4 | €8,597 | €9,237 | +€640 | +7.4% |
| Taxes, remuneration and social security | 45 | €4,740 | €1,033 | -€3,707 | -78.2% |
| Taxes | 450/3 | €4,740 | €1,033 | -€3,707 | -78.2% |
| Other amounts payable | 47/48 | €0 | €5,715 | +€5,715 | |
| Accrued charges and deferred income | 492/3 | €105 | €84 | -€21 | -19.9% |
| Non-recurring operating income | 76A | €135 | €112 | -€23 | -17.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,749 | €2,346 | -€403 | -14.7% |
| Other operating charges | 640/8 | €106 | €889 | +€782 | +737% |
| Non-recurring operating charges | 66A | - | €64 | +€64 | |
| Gross operating margin | 9900 | -€1,125 | -€25,269 | -€24,144 | -2,147% |
| Operating profit (loss) | 9901 | -€3,980 | -€28,568 | -€24,588 | -618% |
| Financial income | 75/76B | €156 | €97 | -€59 | -38.0% |
| Recurring financial income | 75 | €156 | €97 | -€59 | -38.0% |
| Financial charges | 65/66B | €968 | €669 | -€299 | -30.9% |
| Recurring financial charges | 65 | €968 | €669 | -€299 | -30.9% |
| Profit (loss) for the period before taxes | 9903 | -€4,792 | -€29,140 | -€24,348 | -508% |
| Income taxes | 67/77 | €902 | €398 | -€503 | -55.8% |
| Profit (loss) for the period | 9904 | -€5,693 | -€29,538 | -€23,845 | -419% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,693 | -€29,538 | -€23,845 | -419% |
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 14 October 2026 via checked.be.