JPS WORKS: 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 WORKS
Largest movements
- Cash +€15,047
up €15,047 (+5,382%), from €280 to €15,327
mainly Net result for the year (+€11,794) and Depreciation (+€7,341)
- Receivables within one year +€3,152
up €3,152 (+12.3%), from €25,699 to €28,852
of which Other amounts receivable: +€7,480
- Tangible fixed assets -€2,391
down €2,391 (-8.5%), from €28,081 to €25,691
of which Plant, machinery and equipment: -€2,900
- Reserves +€11,794
new in 2025: €11,794
- Tax, wage and social debts +€3,372
up €3,372 (+338%), from €998 to €4,369
of which Remuneration and social security: +€2,193
- Trade debts -€1,219
down €1,219 (-35.7%), from €3,411 to €2,192
- Accrued charges and deferred income +€1,086
new in 2025: €1,086
- Other debts +€877
up €877 (+25.5%), from €3,432 to €4,309
- Gross operating margin -€33,372
down €33,372 (-56.6%), from €58,911 to €25,539
- Taxes -€5,135
down €5,135 (-51.5%), from €9,975 to €4,840
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 | €54,060 | €69,969 | +€15,909 | +29.4% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €28,081 | €25,691 | -€2,391 | -8.5% |
| Tangible fixed assets | 22/27 | €28,081 | €25,691 | -€2,391 | -8.5% |
| Plant, machinery and equipment | 23 | €12,462 | €9,562 | -€2,900 | -23.3% |
| Furniture and vehicles | 24 | €10,586 | €12,335 | +€1,749 | +16.5% |
| Other tangible fixed assets | 26 | €5,033 | €3,793 | -€1,240 | -24.6% |
| Current assets | 29/58 | €25,979 | €44,279 | +€18,300 | +70.4% |
| Amounts receivable within one year | 40/41 | €25,699 | €28,852 | +€3,152 | +12.3% |
| Trade receivables | 40 | €25,164 | €20,836 | -€4,328 | -17.2% |
| Other amounts receivable | 41 | €535 | €8,015 | +€7,480 | +1,397% |
| Cash at bank and in hand | 54/58 | €280 | €15,327 | +€15,047 | +5,382% |
| Deferred charges and accrued income | 490/1 | - | €100 | +€100 | |
| Total equity and liabilities | 10/49 | €54,060 | €69,969 | +€15,909 | +29.4% |
| Equity | 10/15 | €46,220 | €58,014 | +€11,794 | +25.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €11,794 | +€11,794 | |
| Distributable reserves | 133 | - | €11,794 | +€11,794 | |
| Profit (loss) carried forward | 14 | €41,220 | €41,220 | = | 0.0% |
| Amounts payable | 17/49 | €7,841 | €11,956 | +€4,115 | +52.5% |
| Amounts payable within one year | 42/48 | €7,841 | €10,870 | +€3,029 | +38.6% |
| Trade debts | 44 | €3,411 | €2,192 | -€1,219 | -35.7% |
| Suppliers | 440/4 | €3,411 | €2,192 | -€1,219 | -35.7% |
| Taxes, remuneration and social security | 45 | €998 | €4,369 | +€3,372 | +338% |
| Taxes | 450/3 | €998 | €2,177 | +€1,179 | +118% |
| Remuneration and social security | 454/9 | - | €2,193 | +€2,193 | |
| Other amounts payable | 47/48 | €3,432 | €4,309 | +€877 | +25.5% |
| Accrued charges and deferred income | 492/3 | - | €1,086 | +€1,086 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,904 | €7,341 | +€437 | +6.3% |
| Other operating charges | 640/8 | €729 | €734 | +€5 | +0.6% |
| Non-recurring operating charges | 66A | - | €766 | +€766 | |
| Gross operating margin | 9900 | €58,911 | €25,539 | -€33,372 | -56.6% |
| Operating profit (loss) | 9901 | €51,278 | €16,699 | -€34,579 | -67.4% |
| Financial charges | 65/66B | €83 | €65 | -€18 | -21.4% |
| Recurring financial charges | 65 | €83 | €65 | -€18 | -21.4% |
| Profit (loss) for the period before taxes | 9903 | €51,195 | €16,634 | -€34,562 | -67.5% |
| Income taxes | 67/77 | €9,975 | €4,840 | -€5,135 | -51.5% |
| Profit (loss) for the period | 9904 | €41,220 | €11,794 | -€29,426 | -71.4% |
| Profit (loss) for the period to be appropriated | 9905 | €41,220 | €11,794 | -€29,426 | -71.4% |
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 26 October 2026 via checked.be.