JPMT: 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.
JPMT
Largest movements
- Receivables within one year -€11,062
down €11,062 (-98.3%), from €11,259 to €196
of which Other amounts receivable: -€10,879
- Cash +€9,690
up €9,690 (+73.3%), from €13,213 to €22,902
mainly Depreciation (+€12,783) and Receivables within one year (+€11,062)
- Tangible fixed assets -€4,277
down €4,277 (-2.7%), from €157,774 to €153,497
of which Land and buildings: -€3,831
- Other debts -€14,093
down €14,093 (-69.1%), from €20,397 to €6,304
- Trade debts +€5,747
up €5,747 (+271.6%), from €2,116 to €7,862
- Tax, wage and social debts -€5,471
down €5,471 (-36.3%), from €15,076 to €9,605
- Debts after one year +€5,219
new in 2025: €5,219
- Current portion of long-term debt +€4,306
new in 2025: €4,306
- Gross operating margin -€12,524
down €12,524 (-33.5%), from €37,390 to €24,866
- Other operating charges +€7,402
up €7,402 (+1315.6%), from €563 to €7,964
- Taxes -€7,146
down €7,146 (-78.8%), from €9,066 to €1,919
- Depreciation +€3,454
up €3,454 (+37.0%), from €9,329 to €12,783
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 | €184,658 | €177,996 | -€6,662 | -3.6% |
| Fixed assets | 21/28 | €157,774 | €153,497 | -€4,277 | -2.7% |
| Tangible fixed assets | 22/27 | €157,774 | €153,497 | -€4,277 | -2.7% |
| Land and buildings | 22 | €136,470 | €132,639 | -€3,831 | -2.8% |
| Plant, machinery and equipment | 23 | €1,958 | €1,018 | -€940 | -48.0% |
| Furniture and vehicles | 24 | €19,346 | €19,840 | +€494 | +2.6% |
| Current assets | 29/58 | €26,884 | €24,499 | -€2,385 | -8.9% |
| Amounts receivable within one year | 40/41 | €11,259 | €196 | -€11,062 | -98.3% |
| Trade receivables | 40 | €183 | - | -€183 | |
| Other amounts receivable | 41 | €11,076 | €196 | -€10,879 | -98.2% |
| Current investments | 50/53 | €2,413 | €1,400 | -€1,013 | -42.0% |
| Cash at bank and in hand | 54/58 | €13,213 | €22,902 | +€9,690 | +73.3% |
| Total equity and liabilities | 10/49 | €184,658 | €177,996 | -€6,662 | -3.6% |
| Equity | 10/15 | €147,069 | €143,664 | -€3,406 | -2.3% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Capital | 10 | €20,460 | €20,460 | = | 0.0% |
| Issued capital | 100 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €51,931 | €50,298 | -€1,634 | -3.1% |
| Tax-exempt reserves | 132 | €51,931 | €50,298 | -€1,634 | -3.1% |
| Profit (loss) carried forward | 14 | €74,678 | €72,906 | -€1,772 | -2.4% |
| Amounts payable | 17/49 | €37,588 | €34,332 | -€3,256 | -8.7% |
| Amounts payable after more than one year | 17 | - | €5,219 | +€5,219 | |
| Financial debts | 170/4 | - | €5,219 | +€5,219 | |
| Amounts payable within one year | 42/48 | €37,588 | €29,113 | -€8,476 | -22.5% |
| Current portion of amounts payable after more than one year | 42 | - | €4,306 | +€4,306 | |
| Trade debts | 44 | €2,116 | €7,862 | +€5,747 | +271.6% |
| Suppliers | 440/4 | €2,116 | €7,862 | +€5,747 | +271.6% |
| Advances received on contracts in progress | 46 | - | €1,036 | +€1,036 | |
| Taxes, remuneration and social security | 45 | €15,076 | €9,605 | -€5,471 | -36.3% |
| Taxes | 450/3 | €15,076 | €9,605 | -€5,471 | -36.3% |
| Other amounts payable | 47/48 | €20,397 | €6,304 | -€14,093 | -69.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,329 | €12,783 | +€3,454 | +37.0% |
| Other operating charges | 640/8 | €563 | €7,964 | +€7,402 | +1315.6% |
| Non-recurring operating charges | 66A | €45 | €4,759 | +€4,714 | +10475.8% |
| Gross operating margin | 9900 | €37,390 | €24,866 | -€12,524 | -33.5% |
| Operating profit (loss) | 9901 | €27,453 | -€641 | -€28,094 | |
| Financial charges | 65/66B | €480 | €846 | +€366 | +76.3% |
| Recurring financial charges | 65 | €480 | €846 | +€366 | +76.3% |
| Profit (loss) for the period before taxes | 9903 | €26,974 | -€1,486 | -€28,460 | |
| Income taxes | 67/77 | €9,066 | €1,919 | -€7,146 | -78.8% |
| Profit (loss) for the period | 9904 | €17,908 | -€3,406 | -€21,313 | |
| Transfer from tax-exempt reserves | 789 | €1,634 | €1,634 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €19,541 | -€1,772 | -€21,313 |
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 3 October 2026 via checked.be.