JPOF: 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.
JPOF
Largest movements
- Cash +€24,811
up €24,811 (+51.7%), from €47,982 to €72,793
mainly Net result for the year (+€54,591) and Depreciation (+€22,037)
- Tangible fixed assets -€21,413
down €21,413 (-33.7%), from €63,629 to €42,216
of which Furniture and vehicles: -€19,529
- Current investments +€20,000
up €20,000 (+50.0%), from €40,000 to €60,000
- Profit (loss) carried forward +€54,591
up €54,591 (+64.9%), from €84,132 to €138,723
- Other debts -€15,056
down €15,056 (-29.6%), from €50,821 to €35,765
- Debts after one year -€14,951
down €14,951 (-59.3%), from €25,197 to €10,245
- Gross operating margin +€21,966
up €21,966 (+29.4%), from €74,758 to €96,724
- Taxes +€5,313
up €5,313 (+56.8%), from €9,356 to €14,669
- Financial charges +€2,206
up €2,206 (+95.6%), from €2,309 to €4,515
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 | €195,973 | €218,828 | +€22,855 | +11.7% |
| Fixed assets | 21/28 | €63,629 | €42,216 | -€21,413 | -33.7% |
| Tangible fixed assets | 22/27 | €63,629 | €42,216 | -€21,413 | -33.7% |
| Furniture and vehicles | 24 | €50,875 | €31,346 | -€19,529 | -38.4% |
| Other tangible fixed assets | 26 | €12,754 | €10,870 | -€1,884 | -14.8% |
| Current assets | 29/58 | €132,344 | €176,612 | +€44,268 | +33.4% |
| Amounts receivable after more than one year | 29 | €5,000 | €5,000 | = | 0.0% |
| Other amounts receivable | 291 | €5,000 | €5,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €38,264 | €37,585 | -€680 | -1.8% |
| Trade receivables | 40 | €28,133 | €32,343 | +€4,211 | +15.0% |
| Other amounts receivable | 41 | €10,132 | €5,241 | -€4,890 | -48.3% |
| Current investments | 50/53 | €40,000 | €60,000 | +€20,000 | +50.0% |
| Cash at bank and in hand | 54/58 | €47,982 | €72,793 | +€24,811 | +51.7% |
| Deferred charges and accrued income | 490/1 | €1,098 | €1,234 | +€137 | +12.4% |
| Total equity and liabilities | 10/49 | €195,973 | €218,828 | +€22,855 | +11.7% |
| Equity | 10/15 | €85,992 | €140,583 | +€54,591 | +63.5% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €84,132 | €138,723 | +€54,591 | +64.9% |
| Amounts payable | 17/49 | €109,981 | €78,245 | -€31,736 | -28.9% |
| Amounts payable after more than one year | 17 | €25,197 | €10,245 | -€14,951 | -59.3% |
| Financial debts | 170/4 | €25,197 | €10,245 | -€14,951 | -59.3% |
| Amounts payable within one year | 42/48 | €84,071 | €68,000 | -€16,071 | -19.1% |
| Current portion of amounts payable after more than one year | 42 | €18,052 | €18,726 | +€675 | +3.7% |
| Trade debts | 44 | €1,006 | €1,031 | +€25 | +2.5% |
| Suppliers | 440/4 | €1,006 | €1,031 | +€25 | +2.5% |
| Taxes, remuneration and social security | 45 | €14,193 | €12,478 | -€1,715 | -12.1% |
| Taxes | 450/3 | €14,193 | €12,478 | -€1,715 | -12.1% |
| Other amounts payable | 47/48 | €50,821 | €35,765 | -€15,056 | -29.6% |
| Accrued charges and deferred income | 492/3 | €714 | - | -€714 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,214 | €22,037 | -€177 | -0.8% |
| Other operating charges | 640/8 | €890 | €912 | +€22 | +2.5% |
| Gross operating margin | 9900 | €74,758 | €96,724 | +€21,966 | +29.4% |
| Operating profit (loss) | 9901 | €51,655 | €73,775 | +€22,120 | +42.8% |
| Financial income | 75/76B | €0 | €0 | -€0 | -91.8% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -91.8% |
| Financial charges | 65/66B | €2,309 | €4,515 | +€2,206 | +95.6% |
| Recurring financial charges | 65 | €2,309 | €4,515 | +€2,206 | +95.6% |
| Profit (loss) for the period before taxes | 9903 | €49,347 | €69,260 | +€19,913 | +40.4% |
| Income taxes | 67/77 | €9,356 | €14,669 | +€5,313 | +56.8% |
| Profit (loss) for the period | 9904 | €39,991 | €54,591 | +€14,601 | +36.5% |
| Profit (loss) for the period to be appropriated | 9905 | €39,991 | €54,591 | +€14,601 | +36.5% |
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 30 October 2026 via checked.be.