JPS.BOR: 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.
JPS.BOR
Largest movements
- Cash +€51,922
up €51,922 (+93.9%), from €55,272 to €107,194
mainly Current investments (+€50,000) and Depreciation (+€11,348)
- Current investments -€50,000
down €50,000 (-100%), from €50,000 to €0
- Tangible fixed assets -€9,970
down €9,970 (-33.3%), from €29,958 to €19,988
- Stocks and contracts -€2,270
down €2,270 (-14.4%), from €15,769 to €13,499
- Trade debts +€8,475
up €8,475 (+218%), from €3,881 to €12,356
- Reserves -€5,847
down €5,847 (-4.4%), from €134,278 to €128,431
- Tax, wage and social debts -€5,503
down €5,503 (-61.2%), from €8,994 to €3,491
of which Taxes: -€5,537
- Debts after one year -€5,046
down €5,046 (-74.1%), from €6,813 to €1,767
- Other debts -€1,759
down €1,759 (-100%), from €1,759 to €0
- Gross operating margin -€9,177
down €9,177 (-51.6%), from €17,780 to €8,603
- Taxes -€1,613
down €1,613 (-100%), from €1,613 to €0
- Other operating charges +€1,602
up €1,602 (+107%), from €1,501 to €3,103
- Financial charges -€305
down €305 (-25.6%), from €1,192 to €887
- Financial income -€253
down €253 (-25.4%), from €999 to €746
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 | €168,953 | €159,201 | -€9,752 | -5.8% |
| Fixed assets | 21/28 | €29,958 | €19,988 | -€9,970 | -33.3% |
| Tangible fixed assets | 22/27 | €29,958 | €19,988 | -€9,970 | -33.3% |
| Plant, machinery and equipment | 23 | €7,953 | €4,970 | -€2,983 | -37.5% |
| Furniture and vehicles | 24 | €10,595 | €8,184 | -€2,411 | -22.8% |
| Leasing and similar rights | 25 | €11,411 | €6,834 | -€4,576 | -40.1% |
| Current assets | 29/58 | €138,994 | €139,213 | +€218 | +0.2% |
| Stocks and contracts in progress | 3 | €15,769 | €13,499 | -€2,270 | -14.4% |
| Stocks | 30/36 | €15,769 | €13,499 | -€2,270 | -14.4% |
| Amounts receivable within one year | 40/41 | €17,410 | €17,985 | +€576 | +3.3% |
| Trade receivables | 40 | €15,209 | €8,261 | -€6,948 | -45.7% |
| Other amounts receivable | 41 | €2,201 | €9,725 | +€7,524 | +342% |
| Current investments | 50/53 | €50,000 | €0 | -€50,000 | -100% |
| Cash at bank and in hand | 54/58 | €55,272 | €107,194 | +€51,922 | +93.9% |
| Deferred charges and accrued income | 490/1 | €544 | €534 | -€9 | -1.7% |
| Total equity and liabilities | 10/49 | €168,953 | €159,201 | -€9,752 | -5.8% |
| Equity | 10/15 | €140,819 | €134,631 | -€6,188 | -4.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €134,278 | €128,431 | -€5,847 | -4.4% |
| Distributable reserves | 133 | €134,278 | €128,431 | -€5,847 | -4.4% |
| Profit (loss) carried forward | 14 | €342 | €0 | -€342 | -100% |
| Amounts payable | 17/49 | €28,134 | €24,570 | -€3,564 | -12.7% |
| Amounts payable after more than one year | 17 | €6,813 | €1,767 | -€5,046 | -74.1% |
| Financial debts | 170/4 | €6,813 | €1,767 | -€5,046 | -74.1% |
| Amounts payable within one year | 42/48 | €19,370 | €20,853 | +€1,483 | +7.7% |
| Current portion of amounts payable after more than one year | 42 | €4,737 | €5,006 | +€269 | +5.7% |
| Trade debts | 44 | €3,881 | €12,356 | +€8,475 | +218% |
| Suppliers | 440/4 | €3,881 | €12,356 | +€8,475 | +218% |
| Taxes, remuneration and social security | 45 | €8,994 | €3,491 | -€5,503 | -61.2% |
| Taxes | 450/3 | €5,537 | €0 | -€5,537 | -100% |
| Remuneration and social security | 454/9 | €3,458 | €3,491 | +€34 | +1.0% |
| Other amounts payable | 47/48 | €1,759 | €0 | -€1,759 | -100% |
| Accrued charges and deferred income | 492/3 | €1,950 | €1,950 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €0 | €198 | +€198 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,458 | €11,348 | -€109 | -1.0% |
| Other operating charges | 640/8 | €1,501 | €3,103 | +€1,602 | +107% |
| Gross operating margin | 9900 | €17,780 | €8,603 | -€9,177 | -51.6% |
| Operating profit (loss) | 9901 | €4,821 | -€6,047 | -€10,868 | |
| Financial income | 75/76B | €999 | €746 | -€253 | -25.4% |
| Recurring financial income | 75 | €999 | €746 | -€253 | -25.4% |
| Financial charges | 65/66B | €1,192 | €887 | -€305 | -25.6% |
| Recurring financial charges | 65 | €1,192 | €887 | -€305 | -25.6% |
| Profit (loss) for the period before taxes | 9903 | €4,628 | -€6,188 | -€10,816 | |
| Income taxes | 67/77 | €1,613 | €0 | -€1,613 | -100% |
| Profit (loss) for the period | 9904 | €3,015 | -€6,188 | -€9,203 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,015 | -€6,188 | -€9,203 |
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 16 October 2026 via checked.be.