JPV PEB: 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.
JPV PEB
Largest movements
- Cash -€15,964
down €15,964 (-56.7%), from €28,178 to €12,214
mainly Other debts (-€21,525) and Receivables within one year (-€2,861)
- Receivables within one year +€2,861
up €2,861 (+28.2%), from €10,138 to €12,999
of which Trade receivables: +€2,793
- Deferred charges and accrued income -€456
down €456 (-23.5%), from €1,942 to €1,486
- Other debts -€21,525
down €21,525 (-87.0%), from €24,750 to €3,225
- Reserves +€4,351
new in 2025: €4,351
- Trade debts +€3,476
up €3,476 (+564.3%), from €616 to €4,092
- Gross operating margin -€20,911
down €20,911 (-70.5%), from €29,642 to €8,731
- Taxes -€3,770
down €3,770 (-63.8%), from €5,909 to €2,140
- Other operating charges +€394
up €394 (+49.0%), from €804 to €1,198
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 | €41,700 | €28,123 | -€13,576 | -32.6% |
| Formation expenses | 20 | €1,442 | €1,088 | -€353 | -24.5% |
| Fixed assets | 21/28 | - | €337 | +€337 | |
| Tangible fixed assets | 22/27 | - | €337 | +€337 | |
| Furniture and vehicles | 24 | - | €337 | +€337 | |
| Current assets | 29/58 | €40,258 | €26,698 | -€13,560 | -33.7% |
| Amounts receivable within one year | 40/41 | €10,138 | €12,999 | +€2,861 | +28.2% |
| Trade receivables | 40 | €10,048 | €12,840 | +€2,793 | +27.8% |
| Other amounts receivable | 41 | €91 | €158 | +€68 | +74.7% |
| Cash at bank and in hand | 54/58 | €28,178 | €12,214 | -€15,964 | -56.7% |
| Deferred charges and accrued income | 490/1 | €1,942 | €1,486 | -€456 | -23.5% |
| Total equity and liabilities | 10/49 | €41,700 | €28,123 | -€13,576 | -32.6% |
| Equity | 10/15 | €5,000 | €9,351 | +€4,351 | +87.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €4,351 | +€4,351 | |
| Distributable reserves | 133 | - | €4,351 | +€4,351 | |
| Amounts payable | 17/49 | €36,700 | €18,773 | -€17,927 | -48.8% |
| Amounts payable within one year | 42/48 | €36,700 | €18,773 | -€17,927 | -48.8% |
| Trade debts | 44 | €616 | €4,092 | +€3,476 | +564.3% |
| Suppliers | 440/4 | €616 | €4,092 | +€3,476 | +564.3% |
| Taxes, remuneration and social security | 45 | €11,334 | €11,455 | +€122 | +1.1% |
| Taxes | 450/3 | €9,134 | €9,255 | +€122 | +1.3% |
| Remuneration and social security | 454/9 | €2,200 | €2,200 | = | 0.0% |
| Other amounts payable | 47/48 | €24,750 | €3,225 | -€21,525 | -87.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €325 | €466 | +€140 | +43.2% |
| Other operating charges | 640/8 | €804 | €1,198 | +€394 | +49.0% |
| Gross operating margin | 9900 | €29,642 | €8,731 | -€20,911 | -70.5% |
| Operating profit (loss) | 9901 | €28,512 | €7,067 | -€21,446 | -75.2% |
| Financial charges | 65/66B | €328 | €576 | +€249 | +75.8% |
| Recurring financial charges | 65 | €328 | €576 | +€249 | +75.8% |
| Profit (loss) for the period before taxes | 9903 | €28,184 | €6,490 | -€21,694 | -77.0% |
| Income taxes | 67/77 | €5,909 | €2,140 | -€3,770 | -63.8% |
| Profit (loss) for the period | 9904 | €22,275 | €4,351 | -€17,924 | -80.5% |
| Profit (loss) for the period to be appropriated | 9905 | €22,275 | €4,351 | -€17,924 | -80.5% |
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.