JPL Trading: 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 Trading
Largest movements
- Receivables within one year -€148,743
down €148,743 (-67.3%), from €221,002 to €72,258
of which Trade receivables: -€168,924
- Cash +€97,176
up €97,176 (+439%), from €22,151 to €119,327
mainly Receivables within one year (+€148,743) and Net result for the year (+€64,999)
- Tangible fixed assets +€19,936
up €19,936 (+4.1%), from €488,843 to €508,778
of which Land and buildings: +€14,089
- Debts after one year -€25,456
down €25,456 (-5.5%), from €462,174 to €436,719
- Trade debts -€20,154
down €20,154 (-23.4%), from €86,272 to €66,118
- Advances received +€13,408
new in 2025: €13,408
- Reserves +€13,200
up €13,200 (+11.8%), from €112,000 to €125,200
- Tax, wage and social debts -€9,228
down €9,228 (-47.8%), from €19,302 to €10,074
of which Taxes: -€9,128
- Gross operating margin -€83,379
down €83,379 (-41.6%), from €200,523 to €117,143
- Other operating charges -€52,380
down €52,380 (-93.5%), from €56,009 to €3,629
- Depreciation +€16,274
up €16,274 (+137%), from €11,921 to €28,194
- Taxes -€9,816
down €9,816 (-61.2%), from €16,030 to €6,214
- Financial charges -€2,106
down €2,106 (-12.3%), from €17,187 to €15,081
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 | €761,857 | €730,171 | -€31,686 | -4.2% |
| Fixed assets | 21/28 | €488,843 | €508,778 | +€19,936 | +4.1% |
| Tangible fixed assets | 22/27 | €488,843 | €508,778 | +€19,936 | +4.1% |
| Land and buildings | 22 | €481,604 | €495,693 | +€14,089 | +2.9% |
| Plant, machinery and equipment | 23 | €1,715 | €1,498 | -€217 | -12.6% |
| Furniture and vehicles | 24 | €5,524 | €11,587 | +€6,064 | +110% |
| Current assets | 29/58 | €273,014 | €221,393 | -€51,622 | -18.9% |
| Amounts receivable after more than one year | 29 | €29,000 | €29,000 | = | 0.0% |
| Trade receivables | 290 | €29,000 | €29,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €221,002 | €72,258 | -€148,743 | -67.3% |
| Trade receivables | 40 | €184,511 | €15,587 | -€168,924 | -91.6% |
| Other amounts receivable | 41 | €36,491 | €56,672 | +€20,180 | +55.3% |
| Cash at bank and in hand | 54/58 | €22,151 | €119,327 | +€97,176 | +439% |
| Deferred charges and accrued income | 490/1 | €862 | €807 | -€55 | -6.3% |
| Total equity and liabilities | 10/49 | €761,857 | €730,171 | -€31,686 | -4.2% |
| Equity | 10/15 | €117,789 | €130,200 | +€12,411 | +10.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €112,000 | €125,200 | +€13,200 | +11.8% |
| Distributable reserves | 133 | €112,000 | €125,200 | +€13,200 | +11.8% |
| Profit (loss) carried forward | 14 | €789 | €0 | -€789 | -100.0% |
| Amounts payable | 17/49 | €644,068 | €599,971 | -€44,097 | -6.8% |
| Amounts payable after more than one year | 17 | €462,174 | €436,719 | -€25,456 | -5.5% |
| Financial debts | 170/4 | €462,174 | €436,719 | -€25,456 | -5.5% |
| Amounts payable within one year | 42/48 | €181,894 | €163,252 | -€18,642 | -10.2% |
| Current portion of amounts payable after more than one year | 42 | €25,659 | €25,456 | -€204 | -0.8% |
| Financial debts | 43 | €2,309 | €196 | -€2,113 | -91.5% |
| Credit institutions | 430/8 | €2,309 | €196 | -€2,113 | -91.5% |
| Trade debts | 44 | €86,272 | €66,118 | -€20,154 | -23.4% |
| Suppliers | 440/4 | €86,272 | €66,118 | -€20,154 | -23.4% |
| Advances received on contracts in progress | 46 | - | €13,408 | +€13,408 | |
| Taxes, remuneration and social security | 45 | €19,302 | €10,074 | -€9,228 | -47.8% |
| Taxes | 450/3 | €16,030 | €6,902 | -€9,128 | -56.9% |
| Remuneration and social security | 454/9 | €3,272 | €3,172 | -€100 | -3.1% |
| Other amounts payable | 47/48 | €48,352 | €48,000 | -€352 | -0.7% |
| Non-recurring operating income | 76A | €108,807 | €0 | -€108,807 | -100% |
| Remuneration, social security and pensions | 62 | €114 | €140 | +€26 | +22.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,921 | €28,194 | +€16,274 | +137% |
| Other operating charges | 640/8 | €56,009 | €3,629 | -€52,380 | -93.5% |
| Gross operating margin | 9900 | €200,523 | €117,143 | -€83,379 | -41.6% |
| Operating profit (loss) | 9901 | €132,479 | €85,180 | -€47,299 | -35.7% |
| Financial income | 75/76B | €11 | €1,114 | +€1,102 | +9,669% |
| Recurring financial income | 75 | €11 | €1,114 | +€1,102 | +9,669% |
| Financial charges | 65/66B | €17,187 | €15,081 | -€2,106 | -12.3% |
| Recurring financial charges | 65 | €17,187 | €15,081 | -€2,106 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | €115,304 | €71,213 | -€44,091 | -38.2% |
| Income taxes | 67/77 | €16,030 | €6,214 | -€9,816 | -61.2% |
| Profit (loss) for the period | 9904 | €99,274 | €64,999 | -€34,275 | -34.5% |
| Profit (loss) for the period to be appropriated | 9905 | €99,274 | €64,999 | -€34,275 | -34.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.