JPS PROJECTS: 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 PROJECTS
Largest movements
- Receivables within one year -€66,721
down €66,721 (-66.4%), from €100,486 to €33,765
of which Trade receivables: -€63,010
- Cash +€16,009
up €16,009 (+578.5%), from €2,767 to €18,776
mainly Receivables within one year (+€66,721) and Other debts (+€35,199)
- Tangible fixed assets -€3,576
down €3,576 (-63.6%), from €5,626 to €2,050
of which Furniture and vehicles: -€3,176
- Trade debts -€62,774
down €62,774 (-83.6%), from €75,095 to €12,321
- Other debts +€35,199
up €35,199 (+704.0%), from €5,000 to €40,199
- Profit (loss) carried forward -€13,373
new in 2025: -€13,373
- Reserves -€11,008
down €11,008 (-100.0%), from €11,008 to €0
- Tax, wage and social debts -€1,853
down €1,853 (-100.0%), from €1,853 to €0
- Gross operating margin -€32,644
down €32,644, from €13,738 to -€18,907
- Depreciation -€2,409
down €2,409 (-40.2%), from €5,985 to €3,576
- Taxes -€1,971
down €1,971 (-100.0%), from €1,971 to €0
- Other operating charges +€749
up €749 (+56.8%), from €1,320 to €2,069
- Financial income -€638
down €638 (-64.8%), from €985 to €346
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 | €111,556 | €57,747 | -€53,810 | -48.2% |
| Fixed assets | 21/28 | €5,626 | €2,050 | -€3,576 | -63.6% |
| Tangible fixed assets | 22/27 | €5,626 | €2,050 | -€3,576 | -63.6% |
| Plant, machinery and equipment | 23 | €1,736 | €1,336 | -€400 | -23.0% |
| Furniture and vehicles | 24 | €3,890 | €715 | -€3,176 | -81.6% |
| Current assets | 29/58 | €105,930 | €55,696 | -€50,234 | -47.4% |
| Amounts receivable within one year | 40/41 | €100,486 | €33,765 | -€66,721 | -66.4% |
| Trade receivables | 40 | €94,010 | €31,000 | -€63,010 | -67.0% |
| Other amounts receivable | 41 | €6,476 | €2,765 | -€3,711 | -57.3% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €2,767 | €18,776 | +€16,009 | +578.5% |
| Deferred charges and accrued income | 490/1 | €2,676 | €3,155 | +€478 | +17.9% |
| Total equity and liabilities | 10/49 | €111,556 | €57,747 | -€53,810 | -48.2% |
| Equity | 10/15 | €29,608 | €5,227 | -€24,381 | -82.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €11,008 | €0 | -€11,008 | -100.0% |
| Distributable reserves | 133 | €11,008 | €0 | -€11,008 | -100.0% |
| Profit (loss) carried forward | 14 | - | -€13,373 | -€13,373 | |
| Amounts payable | 17/49 | €81,949 | €52,520 | -€29,429 | -35.9% |
| Amounts payable within one year | 42/48 | €81,949 | €52,520 | -€29,429 | -35.9% |
| Trade debts | 44 | €75,095 | €12,321 | -€62,774 | -83.6% |
| Suppliers | 440/4 | €75,095 | €12,321 | -€62,774 | -83.6% |
| Taxes, remuneration and social security | 45 | €1,853 | €0 | -€1,853 | -100.0% |
| Taxes | 450/3 | €1,853 | €0 | -€1,853 | -100.0% |
| Other amounts payable | 47/48 | €5,000 | €40,199 | +€35,199 | +704.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,985 | €3,576 | -€2,409 | -40.2% |
| Other operating charges | 640/8 | €1,320 | €2,069 | +€749 | +56.8% |
| Gross operating margin | 9900 | €13,738 | -€18,907 | -€32,644 | |
| Operating profit (loss) | 9901 | €6,433 | -€24,552 | -€30,985 | |
| Financial income | 75/76B | €985 | €346 | -€638 | -64.8% |
| Recurring financial income | 75 | €985 | €346 | -€638 | -64.8% |
| Financial charges | 65/66B | €180 | €176 | -€4 | -2.5% |
| Recurring financial charges | 65 | €180 | €176 | -€4 | -2.5% |
| Profit (loss) for the period before taxes | 9903 | €7,237 | -€24,381 | -€31,618 | |
| Income taxes | 67/77 | €1,971 | €0 | -€1,971 | -100.0% |
| Profit (loss) for the period | 9904 | €5,266 | -€24,381 | -€29,647 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,266 | -€24,381 | -€29,647 |
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 5 October 2026 via checked.be.