JPoncelet 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.
JPoncelet MANAGEMENT
Largest movements
- Tangible fixed assets +€97,910
up €97,910 (+672%), from €14,563 to €112,472
of which Land and buildings: +€89,556
- Receivables within one year -€5,657
down €5,657 (-13.7%), from €41,288 to €35,631
of which Trade receivables: -€4,455
- Cash +€4,712
up €4,712 (+267%), from €1,767 to €6,478
mainly Debts after one year (+€75,612) and Net result for the year (+€24,206)
- Debts after one year +€75,612
new in 2025: €75,612
- Profit (loss) carried forward +€24,206
up €24,206 (+42,579%), from €57 to €24,263
- Other debts -€15,900
no longer reported in 2025 (was €15,900)
- Tax, wage and social debts +€14,377
up €14,377 (+84.0%), from €17,121 to €31,498
- Other operating charges +€13,422
up €13,422 (+7,840%), from €171 to €13,594
- Gross operating margin -€6,993
down €6,993 (-11.3%), from €61,965 to €54,973
- Depreciation +€5,579
up €5,579 (+1,276%), from €437 to €6,016
- Taxes -€2,019
down €2,019 (-14.5%), from €13,924 to €11,905
- Financial income +€746
up €746 (+78.1%), from €955 to €1,701
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 | €57,676 | €155,055 | +€97,379 | +169% |
| Fixed assets | 21/28 | €14,563 | €112,472 | +€97,910 | +672% |
| Tangible fixed assets | 22/27 | €14,563 | €112,472 | +€97,910 | +672% |
| Land and buildings | 22 | - | €89,556 | +€89,556 | |
| Furniture and vehicles | 24 | €14,563 | €22,916 | +€8,353 | +57.4% |
| Current assets | 29/58 | €43,113 | €42,583 | -€530 | -1.2% |
| Amounts receivable within one year | 40/41 | €41,288 | €35,631 | -€5,657 | -13.7% |
| Trade receivables | 40 | €16,617 | €12,161 | -€4,455 | -26.8% |
| Other amounts receivable | 41 | €24,671 | €23,469 | -€1,202 | -4.9% |
| Cash at bank and in hand | 54/58 | €1,767 | €6,478 | +€4,712 | +267% |
| Deferred charges and accrued income | 490/1 | €59 | €474 | +€415 | +704% |
| Total equity and liabilities | 10/49 | €57,676 | €155,055 | +€97,379 | +169% |
| Equity | 10/15 | €8,772 | €32,978 | +€24,206 | +276% |
| Contributions | 10/11 | €8,715 | €8,715 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57 | €24,263 | +€24,206 | +42,579% |
| Amounts payable | 17/49 | €48,904 | €122,078 | +€73,173 | +150% |
| Amounts payable after more than one year | 17 | - | €75,612 | +€75,612 | |
| Financial debts | 170/4 | - | €75,612 | +€75,612 | |
| Amounts payable within one year | 42/48 | €48,904 | €46,164 | -€2,740 | -5.6% |
| Current portion of amounts payable after more than one year | 42 | €4,289 | €4,388 | +€99 | +2.3% |
| Trade debts | 44 | €11,594 | €10,278 | -€1,316 | -11.3% |
| Suppliers | 440/4 | €11,594 | €10,278 | -€1,316 | -11.3% |
| Taxes, remuneration and social security | 45 | €17,121 | €31,498 | +€14,377 | +84.0% |
| Taxes | 450/3 | €17,121 | €31,498 | +€14,377 | +84.0% |
| Other amounts payable | 47/48 | €15,900 | - | -€15,900 | |
| Accrued charges and deferred income | 492/3 | - | €302 | +€302 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €437 | €6,016 | +€5,579 | +1,276% |
| Other operating charges | 640/8 | €171 | €13,594 | +€13,422 | +7,840% |
| Gross operating margin | 9900 | €61,965 | €54,973 | -€6,993 | -11.3% |
| Operating profit (loss) | 9901 | €61,357 | €35,363 | -€25,994 | -42.4% |
| Financial income | 75/76B | €955 | €1,701 | +€746 | +78.1% |
| Recurring financial income | 75 | €955 | €1,701 | +€746 | +78.1% |
| Financial charges | 65/66B | €661 | €954 | +€292 | +44.2% |
| Recurring financial charges | 65 | €661 | €954 | +€292 | +44.2% |
| Profit (loss) for the period before taxes | 9903 | €61,651 | €36,111 | -€25,540 | -41.4% |
| Income taxes | 67/77 | €13,924 | €11,905 | -€2,019 | -14.5% |
| Profit (loss) for the period | 9904 | €47,727 | €24,206 | -€23,521 | -49.3% |
| Profit (loss) for the period to be appropriated | 9905 | €47,727 | €24,206 | -€23,521 | -49.3% |
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 19 October 2026 via checked.be.