JPRT: 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.
JPRT
Largest movements
- Receivables within one year -€115,045
down €115,045 (-99.0%), from €116,209 to €1,164
- Cash +€44,945
up €44,945 (+151.6%), from €29,646 to €74,590
- Current investments -€43,726
down €43,726 (-29.3%), from €149,000 to €105,274
- Tangible fixed assets -€24,836
down €24,836 (-45.3%), from €54,785 to €29,948
of which Furniture and vehicles: -€24,208
- Receivables after one year -€5,130
down €5,130 (-4.9%), from €103,922 to €98,793
- Reserves -€207,050
down €207,050 (-64.2%), from €322,644 to €115,593
- Other debts +€74,728
new in 2025: €74,728
- Accrued charges and deferred income -€28,804
down €28,804 (-22.6%), from €127,597 to €98,793
- Tax, wage and social debts +€17,335
up €17,335 (+522.1%), from €3,320 to €20,655
- Financial charges +€30,933
up €30,933 (+43.2%), from €71,672 to €102,605
- Gross operating margin +€20,125
up €20,125 (+15.2%), from €132,004 to €152,130
- Taxes -€2,429
down €2,429 (-23.7%), from €10,265 to €7,836
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €453,561 | €309,770 | -€143,791 | -31.7% |
| Fixed assets | 21/28 | €54,785 | €29,948 | -€24,836 | -45.3% |
| Tangible fixed assets | 22/27 | €54,785 | €29,948 | -€24,836 | -45.3% |
| Plant, machinery and equipment | 23 | €2,247 | €1,619 | -€628 | -27.9% |
| Furniture and vehicles | 24 | €52,537 | €28,329 | -€24,208 | -46.1% |
| Current assets | 29/58 | €398,776 | €279,821 | -€118,955 | -29.8% |
| Amounts receivable after more than one year | 29 | €103,922 | €98,793 | -€5,130 | -4.9% |
| Other amounts receivable | 291 | €103,922 | €98,793 | -€5,130 | -4.9% |
| Amounts receivable within one year | 40/41 | €116,209 | €1,164 | -€115,045 | -99.0% |
| Other amounts receivable | 41 | €116,209 | €1,164 | -€115,045 | -99.0% |
| Current investments | 50/53 | €149,000 | €105,274 | -€43,726 | -29.3% |
| Cash at bank and in hand | 54/58 | €29,646 | €74,590 | +€44,945 | +151.6% |
| Total equity and liabilities | 10/49 | €453,561 | €309,770 | -€143,791 | -31.7% |
| Equity | 10/15 | €322,644 | €115,593 | -€207,050 | -64.2% |
| Reserves | 13 | €322,644 | €115,593 | -€207,050 | -64.2% |
| Distributable reserves | 133 | €322,644 | €115,593 | -€207,050 | -64.2% |
| Amounts payable | 17/49 | €130,917 | €194,176 | +€63,259 | +48.3% |
| Amounts payable within one year | 42/48 | €3,320 | €95,384 | +€92,063 | +2772.6% |
| Taxes, remuneration and social security | 45 | €3,320 | €20,655 | +€17,335 | +522.1% |
| Taxes | 450/3 | €3,320 | €20,655 | +€17,335 | +522.1% |
| Other amounts payable | 47/48 | - | €74,728 | +€74,728 | |
| Accrued charges and deferred income | 492/3 | €127,597 | €98,793 | -€28,804 | -22.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,774 | €12,993 | +€1,219 | +10.4% |
| Other operating charges | 640/8 | - | €161 | +€161 | |
| Gross operating margin | 9900 | €132,004 | €152,130 | +€20,125 | +15.2% |
| Operating profit (loss) | 9901 | €120,230 | €138,976 | +€18,746 | +15.6% |
| Financial income | 75/76B | €986 | €2,014 | +€1,028 | +104.3% |
| Recurring financial income | 75 | €986 | €2,014 | +€1,028 | +104.3% |
| Financial charges | 65/66B | €71,672 | €102,605 | +€30,933 | +43.2% |
| Recurring financial charges | 65 | €71,672 | €102,605 | +€30,933 | +43.2% |
| Profit (loss) for the period before taxes | 9903 | €49,544 | €38,385 | -€11,159 | -22.5% |
| Income taxes | 67/77 | €10,265 | €7,836 | -€2,429 | -23.7% |
| Profit (loss) for the period | 9904 | €39,279 | €30,549 | -€8,730 | -22.2% |
| Profit (loss) for the period to be appropriated | 9905 | €39,279 | €30,549 | -€8,730 | -22.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.