JPS FRERES: 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 FRERES
Largest movements
- Cash +€108,737
up €108,737 (+102.9%), from €105,697 to €214,434
mainly Net result for the year (+€85,650) and Depreciation (+€63,737)
- Stocks and contracts -€62,313
down €62,313 (-24.2%), from €258,023 to €195,711
- Tangible fixed assets -€58,552
down €58,552 (-7.7%), from €758,670 to €700,117
of which Land and buildings: -€50,003
- Profit (loss) carried forward +€85,650
up €85,650 (+62.4%), from €137,154 to €222,804
- Debts after one year -€53,333
down €53,333 (-8.1%), from €662,222 to €608,889
- Trade debts -€41,918
down €41,918 (-68.9%), from €60,880 to €18,962
- Tax, wage and social debts -€15,177
down €15,177 (-38.5%), from €39,470 to €24,293
- Gross operating margin -€165,684
down €165,684 (-45.1%), from €367,256 to €201,572
- Taxes -€38,159
down €38,159 (-63.7%), from €59,864 to €21,706
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 | €1,129,234 | €1,113,531 | -€15,703 | -1.4% |
| Formation expenses | 20 | €2,658 | €1,792 | -€866 | -32.6% |
| Fixed assets | 21/28 | €758,670 | €700,117 | -€58,552 | -7.7% |
| Tangible fixed assets | 22/27 | €758,670 | €700,117 | -€58,552 | -7.7% |
| Land and buildings | 22 | €705,699 | €655,696 | -€50,003 | -7.1% |
| Plant, machinery and equipment | 23 | €40,445 | €37,818 | -€2,628 | -6.5% |
| Furniture and vehicles | 24 | €12,526 | €6,604 | -€5,922 | -47.3% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €367,906 | €411,622 | +€43,715 | +11.9% |
| Stocks and contracts in progress | 3 | €258,023 | €195,711 | -€62,313 | -24.2% |
| Stocks | 30/36 | €258,023 | €195,711 | -€62,313 | -24.2% |
| Amounts receivable within one year | 40/41 | €1,220 | €73 | -€1,147 | -94.0% |
| Trade receivables | 40 | €1,220 | €73 | -€1,147 | -94.0% |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €105,697 | €214,434 | +€108,737 | +102.9% |
| Deferred charges and accrued income | 490/1 | €2,966 | €1,405 | -€1,562 | -52.6% |
| Total equity and liabilities | 10/49 | €1,129,234 | €1,113,531 | -€15,703 | -1.4% |
| Equity | 10/15 | €290,824 | €376,474 | +€85,650 | +29.5% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €113,670 | €113,670 | = | 0.0% |
| Tax-exempt reserves | 132 | €113,670 | €113,670 | = | 0.0% |
| Profit (loss) carried forward | 14 | €137,154 | €222,804 | +€85,650 | +62.4% |
| Amounts payable | 17/49 | €838,410 | €737,057 | -€101,353 | -12.1% |
| Amounts payable after more than one year | 17 | €662,222 | €608,889 | -€53,333 | -8.1% |
| Financial debts | 170/4 | €662,222 | €608,889 | -€53,333 | -8.1% |
| Amounts payable within one year | 42/48 | €176,188 | €128,168 | -€48,020 | -27.3% |
| Current portion of amounts payable after more than one year | 42 | €53,333 | €53,333 | = | 0.0% |
| Trade debts | 44 | €60,880 | €18,962 | -€41,918 | -68.9% |
| Suppliers | 440/4 | €60,880 | €18,962 | -€41,918 | -68.9% |
| Taxes, remuneration and social security | 45 | €39,470 | €24,293 | -€15,177 | -38.5% |
| Taxes | 450/3 | €39,470 | €24,293 | -€15,177 | -38.5% |
| Other amounts payable | 47/48 | €22,505 | €31,580 | +€9,075 | +40.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Turnover | 70 | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,752 | €63,737 | -€1,015 | -1.6% |
| Other operating charges | 640/8 | €3,648 | €4,539 | +€891 | +24.4% |
| Gross operating margin | 9900 | €367,256 | €201,572 | -€165,684 | -45.1% |
| Operating profit (loss) | 9901 | €298,856 | €133,296 | -€165,560 | -55.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €28,755 | €25,940 | -€2,815 | -9.8% |
| Recurring financial charges | 65 | €28,755 | €25,940 | -€2,815 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | €270,101 | €107,356 | -€162,745 | -60.3% |
| Income taxes | 67/77 | €59,864 | €21,706 | -€38,159 | -63.7% |
| Profit (loss) for the period | 9904 | €210,237 | €85,650 | -€124,587 | -59.3% |
| Transfer to tax-exempt reserves | 689 | €113,670 | - | -€113,670 | |
| Profit (loss) for the period to be appropriated | 9905 | €96,567 | €85,650 | -€10,917 | -11.3% |
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 10 October 2026 via checked.be.