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
- Stocks and contracts -€4,520
down €4,520 (-38.7%), from €11,674 to €7,154
- Receivables within one year -€703
down €703 (-6.9%), from €10,156 to €9,452
of which Trade receivables: -€421
- Cash -€673
down €673 (-2.8%), from €23,658 to €22,985
mainly Trade debts (-€3,837) and Net result for the year (-€3,802)
- Trade debts -€3,837
down €3,837 (-43.2%), from €8,892 to €5,055
- Profit (loss) carried forward -€3,802
down €3,802, from €1,867 to -€1,935
- Other debts +€1,806
up €1,806 (+11.2%), from €16,129 to €17,935
- Gross operating margin -€1,007
down €1,007 (-57.7%), from -€1,744 to -€2,750
- Financial charges -€388
down €388 (-50.6%), from €767 to €379
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
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 | €46,696 | €40,862 | -€5,833 | -12.5% |
| Current assets | 29/58 | €46,696 | €40,862 | -€5,833 | -12.5% |
| Stocks and contracts in progress | 3 | €11,674 | €7,154 | -€4,520 | -38.7% |
| Stocks | 30/36 | €11,674 | €7,154 | -€4,520 | -38.7% |
| Amounts receivable within one year | 40/41 | €10,156 | €9,452 | -€703 | -6.9% |
| Trade receivables | 40 | €9,326 | €8,904 | -€421 | -4.5% |
| Other amounts receivable | 41 | €830 | €548 | -€282 | -34.0% |
| Cash at bank and in hand | 54/58 | €23,658 | €22,985 | -€673 | -2.8% |
| Deferred charges and accrued income | 490/1 | €1,209 | €1,272 | +€63 | +5.2% |
| Total equity and liabilities | 10/49 | €46,696 | €40,862 | -€5,833 | -12.5% |
| Equity | 10/15 | €21,675 | €17,873 | -€3,802 | -17.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,208 | €1,208 | = | 0.0% |
| Distributable reserves | 133 | €1,208 | €1,208 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,867 | -€1,935 | -€3,802 | |
| Amounts payable | 17/49 | €25,021 | €22,989 | -€2,031 | -8.1% |
| Amounts payable within one year | 42/48 | €25,021 | €22,989 | -€2,031 | -8.1% |
| Trade debts | 44 | €8,892 | €5,055 | -€3,837 | -43.2% |
| Suppliers | 440/4 | €8,892 | €5,055 | -€3,837 | -43.2% |
| Other amounts payable | 47/48 | €16,129 | €17,935 | +€1,806 | +11.2% |
| Other operating charges | 640/8 | €686 | €675 | -€11 | -1.6% |
| Gross operating margin | 9900 | -€1,744 | -€2,750 | -€1,007 | -57.7% |
| Operating profit (loss) | 9901 | -€2,430 | -€3,426 | -€996 | -41.0% |
| Financial income | 75/76B | €20 | €3 | -€17 | -84.8% |
| Recurring financial income | 75 | €20 | €3 | -€17 | -84.8% |
| Financial charges | 65/66B | €767 | €379 | -€388 | -50.6% |
| Recurring financial charges | 65 | €767 | €379 | -€388 | -50.6% |
| Profit (loss) for the period before taxes | 9903 | -€3,177 | -€3,802 | -€625 | -19.7% |
| Profit (loss) for the period | 9904 | -€3,177 | -€3,802 | -€625 | -19.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,177 | -€3,802 | -€625 | -19.7% |
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.