JPX: 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.
JPX
Largest movements
- Tangible fixed assets -€4,091
down €4,091 (-10.0%), from €41,041 to €36,950
of which Other tangible fixed assets: -€2,403
- Cash -€1,987
down €1,987 (-48.0%), from €4,136 to €2,149
mainly Debts after one year (-€28,104) and Investment in fixed assets (net) (-€1,898)
- Receivables within one year -€860
down €860 (-9.0%), from €9,572 to €8,712
of which Other amounts receivable: -€860
- Debts after one year -€28,104
down €28,104 (-77.1%), from €36,475 to €8,371
of which Other amounts payable: -€24,500
- Profit (loss) carried forward +€21,974
up €21,974 (+95.1%), from -€23,106 to -€1,132
- Other debts -€1,043
down €1,043 (-7.1%), from €14,601 to €13,558
- Trade debts -€696
down €696 (-68.3%), from €1,019 to €323
- Gross operating margin +€12,165
up €12,165 (+58.8%), from €20,705 to €32,871
- Taxes +€3,963
up €3,963 (+2,838%), from €140 to €4,102
- Depreciation -€3,130
down €3,130 (-34.3%), from €9,118 to €5,989
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 | €55,385 | €48,120 | -€7,265 | -13.1% |
| Fixed assets | 21/28 | €41,041 | €36,950 | -€4,091 | -10.0% |
| Tangible fixed assets | 22/27 | €41,041 | €36,950 | -€4,091 | -10.0% |
| Furniture and vehicles | 24 | €11,319 | €9,631 | -€1,689 | -14.9% |
| Other tangible fixed assets | 26 | €29,722 | €27,319 | -€2,403 | -8.1% |
| Current assets | 29/58 | €14,344 | €11,171 | -€3,173 | -22.1% |
| Amounts receivable within one year | 40/41 | €9,572 | €8,712 | -€860 | -9.0% |
| Trade receivables | 40 | €8,712 | €8,712 | = | 0.0% |
| Other amounts receivable | 41 | €860 | - | -€860 | |
| Cash at bank and in hand | 54/58 | €4,136 | €2,149 | -€1,987 | -48.0% |
| Deferred charges and accrued income | 490/1 | €636 | €310 | -€326 | -51.3% |
| Total equity and liabilities | 10/49 | €55,385 | €48,120 | -€7,265 | -13.1% |
| Equity | 10/15 | -€4,506 | €17,468 | +€21,974 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,106 | -€1,132 | +€21,974 | +95.1% |
| Amounts payable | 17/49 | €59,892 | €30,652 | -€29,239 | -48.8% |
| Amounts payable after more than one year | 17 | €36,475 | €8,371 | -€28,104 | -77.1% |
| Financial debts | 170/4 | €3,875 | €271 | -€3,604 | -93.0% |
| Other amounts payable | 178/9 | €32,600 | €8,100 | -€24,500 | -75.2% |
| Amounts payable within one year | 42/48 | €23,416 | €21,894 | -€1,522 | -6.5% |
| Current portion of amounts payable after more than one year | 42 | €3,057 | €3,183 | +€126 | +4.1% |
| Trade debts | 44 | €1,019 | €323 | -€696 | -68.3% |
| Suppliers | 440/4 | €1,019 | €323 | -€696 | -68.3% |
| Taxes, remuneration and social security | 45 | €4,739 | €4,830 | +€91 | +1.9% |
| Taxes | 450/3 | €4,739 | €4,830 | +€91 | +1.9% |
| Other amounts payable | 47/48 | €14,601 | €13,558 | -€1,043 | -7.1% |
| Accrued charges and deferred income | 492/3 | - | €387 | +€387 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,118 | €5,989 | -€3,130 | -34.3% |
| Other operating charges | 640/8 | €564 | €387 | -€177 | -31.4% |
| Gross operating margin | 9900 | €20,705 | €32,871 | +€12,165 | +58.8% |
| Operating profit (loss) | 9901 | €11,023 | €26,494 | +€15,472 | +140% |
| Financial income | 75/76B | €0 | €0 | +€0 | +433% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +433% |
| Financial charges | 65/66B | €539 | €418 | -€121 | -22.5% |
| Recurring financial charges | 65 | €539 | €418 | -€121 | -22.5% |
| Profit (loss) for the period before taxes | 9903 | €10,484 | €26,077 | +€15,593 | +149% |
| Income taxes | 67/77 | €140 | €4,102 | +€3,963 | +2,838% |
| Profit (loss) for the period | 9904 | €10,344 | €21,974 | +€11,630 | +112% |
| Profit (loss) for the period to be appropriated | 9905 | €10,344 | €21,974 | +€11,630 | +112% |
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 27 October 2026 via checked.be.