JPV: 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.
JPV
Largest movements
- Receivables within one year -€56,908
down €56,908 (-16.2%), from €351,656 to €294,747
- Cash -€16,554
down €16,554 (-66.6%), from €24,859 to €8,305
mainly Contributions, distributions and other (-€162,350) and Accrued charges and deferred income (-€10,748)
- Reserves -€153,950
down €153,950 (-57.1%), from €269,630 to €115,680
of which Distributable reserves: -€153,950
- Other debts +€84,950
up €84,950 (+109.8%), from €77,400 to €162,350
- Accrued charges and deferred income -€10,748
down €10,748 (-55.0%), from €19,525 to €8,777
- Turnover -€262,789
no longer reported in 2025 (was €262,789)
- Purchases and services -€225,585
no longer reported in 2025 (was €225,585)
- Gross operating margin -€38,248
down €38,248 (-70.4%), from €54,342 to €16,094
- Taxes -€10,204
down €10,204 (-68.5%), from €14,900 to €4,696
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 | €401,349 | €324,674 | -€76,675 | -19.1% |
| Fixed assets | 21/28 | €4,098 | €1,984 | -€2,114 | -51.6% |
| Tangible fixed assets | 22/27 | €4,010 | €1,896 | -€2,114 | -52.7% |
| Furniture and vehicles | 24 | €4,010 | €1,896 | -€2,114 | -52.7% |
| Financial fixed assets | 28 | €88 | €88 | = | 0.0% |
| Current assets | 29/58 | €397,252 | €322,690 | -€74,561 | -18.8% |
| Amounts receivable within one year | 40/41 | €351,656 | €294,747 | -€56,908 | -16.2% |
| Other amounts receivable | 41 | €351,656 | €294,747 | -€56,908 | -16.2% |
| Cash at bank and in hand | 54/58 | €24,859 | €8,305 | -€16,554 | -66.6% |
| Deferred charges and accrued income | 490/1 | €20,737 | €19,639 | -€1,099 | -5.3% |
| Total equity and liabilities | 10/49 | €401,349 | €324,674 | -€76,675 | -19.1% |
| Equity | 10/15 | €288,586 | €134,670 | -€153,916 | -53.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €269,630 | €115,680 | -€153,950 | -57.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €267,770 | €113,820 | -€153,950 | -57.5% |
| Profit (loss) carried forward | 14 | €356 | €390 | +€34 | +9.7% |
| Amounts payable | 17/49 | €112,764 | €190,004 | +€77,240 | +68.5% |
| Amounts payable within one year | 42/48 | €93,239 | €181,227 | +€87,988 | +94.4% |
| Current portion of amounts payable after more than one year | 42 | €10,000 | €10,000 | = | 0.0% |
| Trade debts | 44 | €5,839 | €8,877 | +€3,038 | +52.0% |
| Suppliers | 440/4 | €5,839 | €8,877 | +€3,038 | +52.0% |
| Other amounts payable | 47/48 | €77,400 | €162,350 | +€84,950 | +109.8% |
| Accrued charges and deferred income | 492/3 | €19,525 | €8,777 | -€10,748 | -55.0% |
| Turnover | 70 | €262,789 | - | -€262,789 | |
| Goods, raw materials, services and sundry goods | 60/61 | €225,585 | - | -€225,585 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,018 | €2,114 | -€904 | -29.9% |
| Other operating charges | 640/8 | €90 | €175 | +€85 | +94.4% |
| Non-recurring operating charges | 66A | €390 | €166 | -€224 | -57.5% |
| Gross operating margin | 9900 | €54,342 | €16,094 | -€38,248 | -70.4% |
| Operating profit (loss) | 9901 | €50,844 | €13,639 | -€37,205 | -73.2% |
| Financial charges | 65/66B | €516 | €508 | -€8 | -1.5% |
| Recurring financial charges | 65 | €516 | €508 | -€8 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €50,328 | €13,131 | -€37,197 | -73.9% |
| Income taxes | 67/77 | €14,900 | €4,696 | -€10,204 | -68.5% |
| Profit (loss) for the period | 9904 | €35,428 | €8,434 | -€26,993 | -76.2% |
| Profit (loss) for the period to be appropriated | 9905 | €35,428 | €8,434 | -€26,993 | -76.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.