JPR47: 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.
JPR47
Largest movements
- Receivables after one year -€265,000
no longer reported in 2025 (was €265,000)
- Cash +€83,781
up €83,781 (+10.8%), from €777,922 to €861,703
mainly Receivables after one year (+€265,000) and Net result for the year (+€189,701)
- Receivables within one year +€56,250
up €56,250 (+26.5%), from €212,577 to €268,827
of which Trade receivables: +€114,484
- Tangible fixed assets -€15,595
down €15,595 (-21.0%), from €74,189 to €58,594
of which Furniture and vehicles: -€15,698
- Reserves -€173,299
down €173,299 (-14.2%), from €1.2m to €1.0m
of which Distributable reserves: -€173,299
- Tax, wage and social debts +€15,954
up €15,954 (+48.8%), from €32,713 to €48,667
of which Taxes: +€15,541
- Trade debts +€15,196
up €15,196 (+34.8%), from €43,673 to €58,869
- Gross operating margin -€94,124
down €94,124 (-20.0%), from €471,434 to €377,311
- Depreciation -€66,324
down €66,324 (-69.1%), from €96,019 to €29,694
- Financial income -€39,120
down €39,120 (-51.1%), from €76,575 to €37,455
- Taxes -€19,118
down €19,118 (-20.3%), from €93,949 to €74,831
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 | €1,359,022 | €1,217,367 | -€141,655 | -10.4% |
| Fixed assets | 21/28 | €102,902 | €86,094 | -€16,808 | -16.3% |
| Intangible fixed assets | 21 | €113 | €0 | -€113 | -100% |
| Tangible fixed assets | 22/27 | €74,189 | €58,594 | -€15,595 | -21.0% |
| Plant, machinery and equipment | 23 | €16,786 | €15,045 | -€1,740 | -10.4% |
| Furniture and vehicles | 24 | €16,260 | €561 | -€15,698 | -96.5% |
| Other tangible fixed assets | 26 | €41,143 | €42,987 | +€1,844 | +4.5% |
| Financial fixed assets | 28 | €28,600 | €27,500 | -€1,100 | -3.8% |
| Current assets | 29/58 | €1,256,120 | €1,131,273 | -€124,847 | -9.9% |
| Amounts receivable after more than one year | 29 | €265,000 | - | -€265,000 | |
| Other amounts receivable | 291 | €265,000 | - | -€265,000 | |
| Amounts receivable within one year | 40/41 | €212,577 | €268,827 | +€56,250 | +26.5% |
| Trade receivables | 40 | €107,013 | €221,497 | +€114,484 | +107% |
| Other amounts receivable | 41 | €105,565 | €47,330 | -€58,235 | -55.2% |
| Cash at bank and in hand | 54/58 | €777,922 | €861,703 | +€83,781 | +10.8% |
| Deferred charges and accrued income | 490/1 | €621 | €743 | +€122 | +19.6% |
| Total equity and liabilities | 10/49 | €1,359,022 | €1,217,367 | -€141,655 | -10.4% |
| Equity | 10/15 | €1,282,626 | €1,109,327 | -€173,299 | -13.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,220,626 | €1,047,327 | -€173,299 | -14.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €811 | €811 | = | 0.0% |
| Distributable reserves | 133 | €1,213,616 | €1,040,317 | -€173,299 | -14.3% |
| Amounts payable | 17/49 | €76,396 | €108,039 | +€31,644 | +41.4% |
| Amounts payable within one year | 42/48 | €76,396 | €108,039 | +€31,644 | +41.4% |
| Trade debts | 44 | €43,673 | €58,869 | +€15,196 | +34.8% |
| Suppliers | 440/4 | €43,673 | €58,869 | +€15,196 | +34.8% |
| Taxes, remuneration and social security | 45 | €32,713 | €48,667 | +€15,954 | +48.8% |
| Taxes | 450/3 | €17,351 | €32,891 | +€15,541 | +89.6% |
| Remuneration and social security | 454/9 | €15,362 | €15,776 | +€413 | +2.7% |
| Other amounts payable | 47/48 | €9 | €503 | +€493 | +5,255% |
| Non-recurring operating income | 76A | €42,076 | €31,379 | -€10,698 | -25.4% |
| Remuneration, social security and pensions | 62 | €121,499 | €117,062 | -€4,437 | -3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,019 | €29,694 | -€66,324 | -69.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€402 | -€2,445 | -€2,043 | -508% |
| Other operating charges | 640/8 | €2,821 | €5,602 | +€2,780 | +98.5% |
| Non-recurring operating charges | 66A | - | €8 | +€8 | |
| Gross operating margin | 9900 | €471,434 | €377,311 | -€94,124 | -20.0% |
| Operating profit (loss) | 9901 | €251,497 | €227,390 | -€24,107 | -9.6% |
| Financial income | 75/76B | €76,575 | €37,455 | -€39,120 | -51.1% |
| Recurring financial income | 75 | €76,575 | €37,455 | -€39,120 | -51.1% |
| Financial charges | 65/66B | €510 | €314 | -€196 | -38.5% |
| Recurring financial charges | 65 | €510 | €314 | -€196 | -38.5% |
| Profit (loss) for the period before taxes | 9903 | €327,562 | €264,532 | -€63,030 | -19.2% |
| Income taxes | 67/77 | €93,949 | €74,831 | -€19,118 | -20.3% |
| Profit (loss) for the period | 9904 | €233,613 | €189,701 | -€43,912 | -18.8% |
| Profit (loss) for the period to be appropriated | 9905 | €233,613 | €189,701 | -€43,912 | -18.8% |
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 31 October 2026 via checked.be.