JPL CONCEPT: what changed
Two fiscal 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 CONCEPT
Largest movements
- Cash -€11,211
down €11,211 (-65.5%), from €17,106 to €5,895
mainly Receivables within one year (-€10,337) and Trade debts (-€2,575)
- Receivables within one year +€10,337
up €10,337 (+30.3%), from €34,063 to €44,400
- Tangible fixed assets -€3,445
down €3,445 (-61.1%), from €5,640 to €2,195
of which Furniture and vehicles: -€2,970
- Deferred charges and accrued income +€1,883
new in 2025: €1,883
- Trade debts -€2,575
down €2,575 (-75.8%), from €3,399 to €823
- Profit (loss) carried forward +€1,486
up €1,486 (+44.5%), from €3,339 to €4,826
- Tax, wage and social debts -€802
down €802 (-12.7%), from €6,315 to €5,513
- Gross operating margin -€7,051
down €7,051 (-53.5%), from €13,171 to €6,121
- Taxes -€2,445
down €2,445 (-81.9%), from €2,986 to €541
- Depreciation +€1,126
up €1,126 (+48.6%), from €2,319 to €3,445
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 | €57,309 | €54,872 | -€2,436 | -4.3% |
| Fixed assets | 21/28 | €6,140 | €2,695 | -€3,445 | -56.1% |
| Tangible fixed assets | 22/27 | €5,640 | €2,195 | -€3,445 | -61.1% |
| Plant, machinery and equipment | 23 | €920 | €445 | -€475 | -51.6% |
| Furniture and vehicles | 24 | €4,720 | €1,750 | -€2,970 | -62.9% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €51,169 | €52,177 | +€1,009 | +2.0% |
| Amounts receivable within one year | 40/41 | €34,063 | €44,400 | +€10,337 | +30.3% |
| Trade receivables | 40 | €34,063 | €44,400 | +€10,337 | +30.3% |
| Cash at bank and in hand | 54/58 | €17,106 | €5,895 | -€11,211 | -65.5% |
| Deferred charges and accrued income | 490/1 | - | €1,883 | +€1,883 | |
| Total equity and liabilities | 10/49 | €57,309 | €54,872 | -€2,436 | -4.3% |
| Equity | 10/15 | €17,246 | €18,732 | +€1,486 | +8.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €7,707 | €7,707 | = | 0.0% |
| Non-distributable reserves | 130/1 | €620 | €620 | = | 0.0% |
| Reserves not available under the articles | 1311 | €620 | €620 | = | 0.0% |
| Distributable reserves | 133 | €7,087 | €7,087 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,339 | €4,826 | +€1,486 | +44.5% |
| Amounts payable | 17/49 | €40,063 | €36,140 | -€3,923 | -9.8% |
| Amounts payable within one year | 42/48 | €40,063 | €36,140 | -€3,923 | -9.8% |
| Trade debts | 44 | €3,399 | €823 | -€2,575 | -75.8% |
| Suppliers | 440/4 | €3,399 | €823 | -€2,575 | -75.8% |
| Taxes, remuneration and social security | 45 | €6,315 | €5,513 | -€802 | -12.7% |
| Taxes | 450/3 | €6,315 | €5,513 | -€802 | -12.7% |
| Other amounts payable | 47/48 | €30,349 | €29,804 | -€546 | -1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,319 | €3,445 | +€1,126 | +48.6% |
| Other operating charges | 640/8 | €426 | €461 | +€35 | +8.2% |
| Gross operating margin | 9900 | €13,171 | €6,121 | -€7,051 | -53.5% |
| Operating profit (loss) | 9901 | €10,427 | €2,215 | -€8,212 | -78.8% |
| Financial charges | 65/66B | €155 | €187 | +€32 | +20.5% |
| Recurring financial charges | 65 | €155 | €187 | +€32 | +20.5% |
| Profit (loss) for the period before taxes | 9903 | €10,271 | €2,028 | -€8,244 | -80.3% |
| Income taxes | 67/77 | €2,986 | €541 | -€2,445 | -81.9% |
| Profit (loss) for the period | 9904 | €7,285 | €1,486 | -€5,799 | -79.6% |
| Profit (loss) for the period to be appropriated | 9905 | €7,285 | €1,486 | -€5,799 | -79.6% |
Source: filed annual accounts (NBB), fiscal 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 October 2026 via checked.be.