JPM & 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.
JPM & Management
Largest movements
- Cash +€12,246
up €12,246 (+76.0%), from €16,103 to €28,348
mainly Net result for the year (+€44,933) and Short-term financial debts (+€14,000)
- Profit (loss) carried forward +€44,933
up €44,933 (+19.1%), from €234,817 to €279,750
- Debts after one year -€27,912
down €27,912 (-21.8%), from €128,100 to €100,188
of which Other amounts payable: -€23,928
- Short-term financial debts +€14,000
new in 2025: €14,000
- Tax, wage and social debts -€11,942
down €11,942 (-52.5%), from €22,752 to €10,810
- Taxes -€22,909
down €22,909 (-92.0%), from €24,902 to €1,993
- Depreciation +€3,331
up €3,331 (+248%), from €1,345 to €4,676
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 | €545,499 | €560,205 | +€14,706 | +2.7% |
| Fixed assets | 21/28 | €528,477 | €527,468 | -€1,009 | -0.2% |
| Tangible fixed assets | 22/27 | €19,172 | €18,163 | -€1,009 | -5.3% |
| Furniture and vehicles | 24 | €19,172 | €18,163 | -€1,009 | -5.3% |
| Financial fixed assets | 28 | €509,305 | €509,305 | = | 0.0% |
| Current assets | 29/58 | €17,022 | €32,738 | +€15,715 | +92.3% |
| Amounts receivable within one year | 40/41 | €0 | €1,207 | +€1,207 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | - | €1,207 | +€1,207 | |
| Cash at bank and in hand | 54/58 | €16,103 | €28,348 | +€12,246 | +76.0% |
| Deferred charges and accrued income | 490/1 | €920 | €3,182 | +€2,262 | +246% |
| Total equity and liabilities | 10/49 | €545,499 | €560,205 | +€14,706 | +2.7% |
| Equity | 10/15 | €262,317 | €307,250 | +€44,933 | +17.1% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €2,500 | €2,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €234,817 | €279,750 | +€44,933 | +19.1% |
| Provisions and deferred taxes | 16 | €37,123 | €37,123 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €37,123 | €37,123 | = | 0.0% |
| Pensions and similar obligations | 160 | €37,123 | €37,123 | = | 0.0% |
| Amounts payable | 17/49 | €246,059 | €215,833 | -€30,227 | -12.3% |
| Amounts payable after more than one year | 17 | €128,100 | €100,188 | -€27,912 | -21.8% |
| Financial debts | 170/4 | €15,458 | €11,474 | -€3,984 | -25.8% |
| Other amounts payable | 178/9 | €112,642 | €88,714 | -€23,928 | -21.2% |
| Amounts payable within one year | 42/48 | €117,959 | €115,644 | -€2,315 | -2.0% |
| Current portion of amounts payable after more than one year | 42 | €3,821 | €3,984 | +€163 | +4.3% |
| Financial debts | 43 | - | €14,000 | +€14,000 | |
| Credit institutions | 430/8 | - | €14,000 | +€14,000 | |
| Trade debts | 44 | €45,319 | €41,008 | -€4,311 | -9.5% |
| Suppliers | 440/4 | €45,319 | €41,008 | -€4,311 | -9.5% |
| Taxes, remuneration and social security | 45 | €22,752 | €10,810 | -€11,942 | -52.5% |
| Taxes | 450/3 | €22,752 | €10,810 | -€11,942 | -52.5% |
| Other amounts payable | 47/48 | €46,066 | €45,842 | -€224 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,345 | €4,676 | +€3,331 | +248% |
| Other operating charges | 640/8 | €609 | €886 | +€277 | +45.5% |
| Gross operating margin | 9900 | €54,339 | €54,347 | +€8 | 0.0% |
| Operating profit (loss) | 9901 | €52,385 | €48,785 | -€3,600 | -6.9% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €1,782 | €1,859 | +€77 | +4.3% |
| Recurring financial charges | 65 | €1,782 | €1,859 | +€77 | +4.3% |
| Profit (loss) for the period before taxes | 9903 | €50,603 | €46,926 | -€3,677 | -7.3% |
| Income taxes | 67/77 | €24,902 | €1,993 | -€22,909 | -92.0% |
| Profit (loss) for the period | 9904 | €25,701 | €44,933 | +€19,232 | +74.8% |
| Profit (loss) for the period to be appropriated | 9905 | €25,701 | €44,933 | +€19,232 | +74.8% |
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 21 October 2026 via checked.be.