JPS-60: what changed
JPS-60
Largest movements
- Financial fixed assets +€3.8m
up €3.8m (+118%), from €3.2m to €7.0m
- Cash -€553,690
down €553,690 (-76.8%), from €721,043 to €167,352
mainly Investment in fixed assets (net) (-€3.8m) and Tax, wage and social debts (-€176,040)
- Receivables within one year -€243,087
down €243,087 (-20.3%), from €1.2m to €956,913
of which Trade receivables: -€300,000
- Debts after one year +€2.0m
up €2.0m (+333%), from €600,000 to €2.6m
of which Other amounts payable: +€2.4m
- Reserves +€1.2m
up €1.2m (+29.9%), from €4.0m to €5.1m
- Tax, wage and social debts -€176,040
down €176,040 (-100%), from €176,040 to €0
- Gross operating margin -€299,272
down €299,272 (-15.9%), from €1.9m to €1.6m
- Taxes -€55,048
down €55,048 (-12.3%), from €448,135 to €393,087
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,131,043 | €8,134,265 | +€3.0m | +58.5% |
| Fixed assets | 21/28 | €3,210,000 | €7,010,000 | +€3.8m | +118% |
| Financial fixed assets | 28 | €3,210,000 | €7,010,000 | +€3.8m | +118% |
| Current assets | 29/58 | €1,921,043 | €1,124,265 | -€796,778 | -41.5% |
| Amounts receivable within one year | 40/41 | €1,200,000 | €956,913 | -€243,087 | -20.3% |
| Trade receivables | 40 | €1,200,000 | €900,000 | -€300,000 | -25.0% |
| Other amounts receivable | 41 | - | €56,913 | +€56,913 | |
| Cash at bank and in hand | 54/58 | €721,043 | €167,352 | -€553,690 | -76.8% |
| Total equity and liabilities | 10/49 | €5,131,043 | €8,134,265 | +€3.0m | +58.5% |
| Equity | 10/15 | €3,952,910 | €5,132,172 | +€1.2m | +29.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €3,950,410 | €5,129,672 | +€1.2m | +29.9% |
| Distributable reserves | 133 | €3,950,410 | €5,129,672 | +€1.2m | +29.9% |
| Amounts payable | 17/49 | €1,178,132 | €3,002,093 | +€1.8m | +155% |
| Amounts payable after more than one year | 17 | €600,000 | €2,600,000 | +€2.0m | +333% |
| Financial debts | 170/4 | €600,000 | €200,000 | -€400,000 | -66.7% |
| Other amounts payable | 178/9 | - | €2,400,000 | +€2.4m | |
| Amounts payable within one year | 42/48 | €578,132 | €402,093 | -€176,039 | -30.4% |
| Current portion of amounts payable after more than one year | 42 | €400,000 | €400,000 | = | 0.0% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €176,040 | €0 | -€176,040 | -100% |
| Taxes | 450/3 | €176,040 | €0 | -€176,040 | -100% |
| Other amounts payable | 47/48 | €2,093 | €2,093 | +€1 | 0.0% |
| Other operating charges | 640/8 | €1,841 | €1,491 | -€350 | -19.0% |
| Gross operating margin | 9900 | €1,887,783 | €1,588,510 | -€299,272 | -15.9% |
| Operating profit (loss) | 9901 | €1,885,941 | €1,587,019 | -€298,923 | -15.9% |
| Financial income | 75/76B | €60 | €0 | -€60 | -100% |
| Recurring financial income | 75 | €60 | €0 | -€60 | -100% |
| Financial charges | 65/66B | €21,842 | €14,670 | -€7,172 | -32.8% |
| Recurring financial charges | 65 | €21,842 | €14,670 | -€7,172 | -32.8% |
| Profit (loss) for the period before taxes | 9903 | €1,864,159 | €1,572,349 | -€291,811 | -15.7% |
| Income taxes | 67/77 | €448,135 | €393,087 | -€55,048 | -12.3% |
| Profit (loss) for the period | 9904 | €1,416,024 | €1,179,262 | -€236,763 | -16.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,416,024 | €1,179,262 | -€236,763 | -16.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.