JPS: 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.
JPS
Largest movements
- Receivables within one year +€6,240
up €6,240 (+134.6%), from €4,636 to €10,876
of which Other amounts receivable: +€4,213
- Deferred charges and accrued income -€988
down €988 (-91.1%), from €1,084 to €96
- Tangible fixed assets -€110
no longer reported in 2025 (was €110)
- Short-term financial debts +€6,983
up €6,983 (+1572.7%), from €444 to €7,427
- Profit (loss) carried forward -€972
down €972 (-4.0%), from -€24,392 to -€25,364
- Current portion of long-term debt -€456
no longer reported in 2025 (was €456)
- Tax, wage and social debts -€377
no longer reported in 2025 (was €377)
- Gross operating margin +€12,966
up €12,966 (+99.2%), from -€13,071 to -€105
- Other operating charges -€1,016
down €1,016 (-71.3%), from €1,425 to €409
- Depreciation -€195
down €195 (-63.9%), from €305 to €110
- Financial charges +€195
up €195 (+50.0%), from €390 to €585
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,830 | €10,972 | +€5,142 | +88.2% |
| Fixed assets | 21/28 | €110 | - | -€110 | |
| Tangible fixed assets | 22/27 | €110 | - | -€110 | |
| Other tangible fixed assets | 26 | €110 | - | -€110 | |
| Current assets | 29/58 | €5,720 | €10,972 | +€5,252 | +91.8% |
| Amounts receivable within one year | 40/41 | €4,636 | €10,876 | +€6,240 | +134.6% |
| Trade receivables | 40 | €4,636 | €6,663 | +€2,027 | +43.7% |
| Other amounts receivable | 41 | - | €4,213 | +€4,213 | |
| Deferred charges and accrued income | 490/1 | €1,084 | €96 | -€988 | -91.1% |
| Total equity and liabilities | 10/49 | €5,830 | €10,972 | +€5,142 | +88.2% |
| Equity | 10/15 | €9 | -€963 | -€972 | |
| Contributions | 10/11 | €13,640 | €13,640 | = | 0.0% |
| Reserves | 13 | €10,761 | €10,761 | = | 0.0% |
| Non-distributable reserves | 130/1 | €761 | €761 | = | 0.0% |
| Reserves not available under the articles | 1311 | €761 | €761 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,392 | -€25,364 | -€972 | -4.0% |
| Amounts payable | 17/49 | €5,821 | €11,935 | +€6,114 | +105.0% |
| Amounts payable within one year | 42/48 | €5,821 | €11,935 | +€6,114 | +105.0% |
| Current portion of amounts payable after more than one year | 42 | €456 | - | -€456 | |
| Financial debts | 43 | €444 | €7,427 | +€6,983 | +1572.7% |
| Credit institutions | 430/8 | €444 | €7,427 | +€6,983 | +1572.7% |
| Trade debts | 44 | €4,544 | €4,508 | -€36 | -0.8% |
| Suppliers | 440/4 | €4,544 | €4,508 | -€36 | -0.8% |
| Taxes, remuneration and social security | 45 | €377 | - | -€377 | |
| Taxes | 450/3 | €377 | - | -€377 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €305 | €110 | -€195 | -63.9% |
| Other operating charges | 640/8 | €1,425 | €409 | -€1,016 | -71.3% |
| Gross operating margin | 9900 | -€13,071 | -€105 | +€12,966 | +99.2% |
| Operating profit (loss) | 9901 | -€14,801 | -€624 | +€14,177 | +95.8% |
| Financial income | 75/76B | €336 | €237 | -€99 | -29.5% |
| Recurring financial income | 75 | €336 | €237 | -€99 | -29.5% |
| Financial charges | 65/66B | €390 | €585 | +€195 | +50.0% |
| Recurring financial charges | 65 | €390 | €585 | +€195 | +50.0% |
| Profit (loss) for the period before taxes | 9903 | -€14,855 | -€972 | +€13,883 | +93.5% |
| Profit (loss) for the period | 9904 | -€14,855 | -€972 | +€13,883 | +93.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,855 | -€972 | +€13,883 | +93.5% |
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 4 October 2026 via checked.be.