JPL CONSULTING: 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 CONSULTING
Largest movements
- Current investments +€426,225
up €426,225 (+82.5%), from €516,409 to €942,634
- Cash +€388,926
up €388,926 (+1567.1%), from €24,818 to €413,744
mainly Investment in fixed assets (net) (+€270,306) and Net result for the year (+€267,488)
- Tangible fixed assets -€334,053
down €334,053 (-16.0%), from €2.1m to €1.8m
of which Land and buildings: -€270,183
- Reserves +€353,034
up €353,034 (+5694.1%), from €6,200 to €359,234
of which Tax-exempt reserves: +€353,034
- Other debts +€177,536
up €177,536 (+79.8%), from €222,612 to €400,148
- Provisions +€90,531
up €90,531 (+5.1%), from €1.8m to €1.9m
of which Deferred taxes: +€117,678
- Profit (loss) carried forward -€85,545
down €85,545 (-23.2%), from €368,699 to €283,153
- Debts after one year -€50,442
down €50,442 (-34.8%), from €144,862 to €94,420
of which Financial debts: -€36,092
- Gross operating margin +€500,924
up €500,924 (+746.2%), from €67,128 to €568,052
- Depreciation -€16,465
down €16,465 (-20.5%), from €80,211 to €63,746
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,636,455 | €3,119,191 | +€482,736 | +18.3% |
| Fixed assets | 21/28 | €2,090,430 | €1,756,378 | -€334,053 | -16.0% |
| Tangible fixed assets | 22/27 | €2,090,430 | €1,756,378 | -€334,053 | -16.0% |
| Land and buildings | 22 | €1,948,281 | €1,678,098 | -€270,183 | -13.9% |
| Plant, machinery and equipment | 23 | €141,494 | €77,197 | -€64,297 | -45.4% |
| Furniture and vehicles | 24 | €656 | €1,083 | +€427 | +65.1% |
| Current assets | 29/58 | €546,024 | €1,362,813 | +€816,789 | +149.6% |
| Amounts receivable within one year | 40/41 | €3,600 | €5,057 | +€1,457 | +40.5% |
| Trade receivables | 40 | €3,600 | €3,600 | = | 0.0% |
| Other amounts receivable | 41 | - | €1,457 | +€1,457 | |
| Current investments | 50/53 | €516,409 | €942,634 | +€426,225 | +82.5% |
| Cash at bank and in hand | 54/58 | €24,818 | €413,744 | +€388,926 | +1567.1% |
| Deferred charges and accrued income | 490/1 | €1,197 | €1,379 | +€181 | +15.2% |
| Total equity and liabilities | 10/49 | €2,636,455 | €3,119,191 | +€482,736 | +18.3% |
| Equity | 10/15 | €436,899 | €704,387 | +€267,488 | +61.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €359,234 | +€353,034 | +5694.1% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €353,034 | +€353,034 | |
| Profit (loss) carried forward | 14 | €368,699 | €283,153 | -€85,545 | -23.2% |
| Provisions and deferred taxes | 16 | €1,789,731 | €1,880,262 | +€90,531 | +5.1% |
| Provisions for liabilities and charges | 160/5 | €1,789,731 | €1,762,584 | -€27,147 | -1.5% |
| Other liabilities and charges | 164/5 | €1,789,731 | €1,762,584 | -€27,147 | -1.5% |
| Deferred taxes | 168 | - | €117,678 | +€117,678 | |
| Amounts payable | 17/49 | €409,825 | €534,542 | +€124,717 | +30.4% |
| Amounts payable after more than one year | 17 | €144,862 | €94,420 | -€50,442 | -34.8% |
| Financial debts | 170/4 | €125,612 | €89,520 | -€36,092 | -28.7% |
| Other amounts payable | 178/9 | €19,250 | €4,900 | -€14,350 | -74.5% |
| Amounts payable within one year | 42/48 | €264,307 | €440,122 | +€175,815 | +66.5% |
| Current portion of amounts payable after more than one year | 42 | €35,547 | €36,092 | +€544 | +1.5% |
| Financial debts | 43 | - | €2,463 | +€2,463 | |
| Credit institutions | 430/8 | - | €2,463 | +€2,463 | |
| Trade debts | 44 | €6,148 | €1,419 | -€4,729 | -76.9% |
| Suppliers | 440/4 | €6,148 | €1,419 | -€4,729 | -76.9% |
| Other amounts payable | 47/48 | €222,612 | €400,148 | +€177,536 | +79.8% |
| Accrued charges and deferred income | 492/3 | €657 | - | -€657 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,211 | €63,746 | -€16,465 | -20.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€25,788 | -€27,147 | -€1,359 | -5.3% |
| Other operating charges | 640/8 | €13,197 | €17,414 | +€4,217 | +32.0% |
| Gross operating margin | 9900 | €67,128 | €568,052 | +€500,924 | +746.2% |
| Operating profit (loss) | 9901 | -€492 | €514,038 | +€514,531 | |
| Financial income | 75/76B | €45,140 | €42,212 | -€2,929 | -6.5% |
| Recurring financial income | 75 | €45,140 | €42,212 | -€2,929 | -6.5% |
| Financial charges | 65/66B | €167,379 | €171,084 | +€3,705 | +2.2% |
| Recurring financial charges | 65 | €167,379 | €171,084 | +€3,705 | +2.2% |
| Profit (loss) for the period before taxes | 9903 | -€122,731 | €385,166 | +€507,897 | |
| Transfer to deferred taxes | 680 | - | €117,678 | +€117,678 | |
| Income taxes | 67/77 | -€447 | - | +€447 | |
| Profit (loss) for the period | 9904 | -€122,284 | €267,488 | +€389,772 | |
| Transfer to tax-exempt reserves | 689 | - | €353,034 | +€353,034 | |
| Profit (loss) for the period to be appropriated | 9905 | -€122,284 | -€85,545 | +€36,738 | +30.0% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.