JUPAR: 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.
What changed
JUPAR
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€2.2m
2024 · €974,623+€1.2m
Equity
€19.1m
2024 · €16.9m+€2.2m
Cash
€6,149
2024 · €5,000+€1,149
Balance sheet total
€25.6m
2024 · €24.8m+€805,070
Largest movements
Assets
- Tangible fixed assets +€850,854
up €850,854 (+9.7%), from €8.8m to €9.6m
of which Land and buildings: +€874,939
Equity and liabilities
- Reserves +€2.2m
up €2.2m (+15.9%), from €13.8m to €16.0m
of which Distributable reserves: +€2.0m
- Short-term financial debts -€1.0m
no longer reported in 2025 (was €1.0m)
- Other debts -€711,338
down €711,338 (-10.6%), from €6.7m to €6.0m
Income statement
- Write-downs -€1.1m
down €1.1m (-96.3%), from €1.1m to €40,000
- Financial income +€559,521
up €559,521 (+43.2%), from €1.3m to €1.9m
- Gross operating margin -€236,510
down €236,510 (-18.1%), from €1.3m to €1.1m
- Taxes +€196,737
up €196,737 (+7637.2%), from €2,576 to €199,313
- Depreciation -€97,102
down €97,102 (-32.8%), from €296,305 to €199,202
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.
Result 2024
€974,623
Gross operating margin
-€236,510
Depreciation
+€97,102
Write-downs
+€1.1m
Other operating charges
-€339
Financial income
+€559,521
Financial charges
+€17,991
Taxes
-€196,737
Deferred taxes and other
-€62,952
Result 2025
€2.2m
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.
From operations
+€2.1m
Investment
-€1.1m
Financing
-€1.0m
Cash 2024
€5,000
From operations (derived)
+€2.1m
Net result for the year
+€2.2m
Depreciation
+€199,202
Receivables after one year
+€139,073
Receivables within one year
-€60,991
Deferred charges and accrued income
-€31,149
Provisions
+€56,610
Trade debts
+€129,235
Tax, wage and social debts
+€162,144
Other debts
-€711,338
Accrued charges and deferred income
-€17,056
Investment (derived)
-€1.1m
Investment in fixed assets (net)
-€1.1m
Financing
-€1.0m
Debts after one year
-€143
Short-term financial debts
-€1.0m
Cash 2025
€6,149
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €24,822,038 | €25,627,108 | +€805,070 | +3.2% |
| Fixed assets | 21/28 | €12,292,949 | €13,143,803 | +€850,854 | +6.9% |
| Tangible fixed assets | 22/27 | €8,755,554 | €9,606,407 | +€850,854 | +9.7% |
| Land and buildings | 22 | €8,620,870 | €9,495,809 | +€874,939 | +10.1% |
| Furniture and vehicles | 24 | €134,684 | €110,599 | -€24,085 | -17.9% |
| Financial fixed assets | 28 | €3,537,396 | €3,537,396 | = | 0.0% |
| Current assets | 29/58 | €12,529,089 | €12,483,305 | -€45,784 | -0.4% |
| Amounts receivable after more than one year | 29 | €1,025,000 | €885,927 | -€139,073 | -13.6% |
| Other amounts receivable | 291 | €1,025,000 | €885,927 | -€139,073 | -13.6% |
| Amounts receivable within one year | 40/41 | €11,489,881 | €11,550,872 | +€60,991 | +0.5% |
| Trade receivables | 40 | €110,574 | €8,729 | -€101,845 | -92.1% |
| Other amounts receivable | 41 | €11,379,308 | €11,542,143 | +€162,836 | +1.4% |
| Cash at bank and in hand | 54/58 | €5,000 | €6,149 | +€1,149 | +23.0% |
| Deferred charges and accrued income | 490/1 | €9,207 | €40,356 | +€31,149 | +338.3% |
| Total equity and liabilities | 10/49 | €24,822,038 | €25,627,108 | +€805,070 | +3.2% |
| Equity | 10/15 | €16,890,452 | €19,096,069 | +€2.2m | +13.1% |
| Contributions | 10/11 | €3,059,000 | €3,059,000 | = | 0.0% |
| Reserves | 13 | €13,831,308 | €16,036,138 | +€2.2m | +15.9% |
| Tax-exempt reserves | 132 | €236,308 | €406,138 | +€169,830 | +71.9% |
| Distributable reserves | 133 | €13,595,000 | €15,630,000 | +€2.0m | +15.0% |
| Profit (loss) carried forward | 14 | €144 | €931 | +€787 | +546.1% |
| Provisions and deferred taxes | 16 | €78,769 | €135,379 | +€56,610 | +71.9% |
| Deferred taxes | 168 | €78,769 | €135,379 | +€56,610 | +71.9% |
| Amounts payable | 17/49 | €7,852,817 | €6,395,659 | -€1.5m | -18.6% |
| Amounts payable after more than one year | 17 | €1,643 | €1,500 | -€143 | -8.7% |
| Other amounts payable | 178/9 | €1,643 | €1,500 | -€143 | -8.7% |
| Amounts payable within one year | 42/48 | €7,830,282 | €6,390,323 | -€1.4m | -18.4% |
| Financial debts | 43 | €1,020,000 | - | -€1.0m | |
| Credit institutions | 430/8 | €1,020,000 | - | -€1.0m | |
| Trade debts | 44 | €74,276 | €203,511 | +€129,235 | +174.0% |
| Suppliers | 440/4 | €74,276 | €203,511 | +€129,235 | +174.0% |
| Taxes, remuneration and social security | 45 | €29,754 | €191,898 | +€162,144 | +544.9% |
| Taxes | 450/3 | €29,754 | €191,898 | +€162,144 | +544.9% |
| Other amounts payable | 47/48 | €6,706,252 | €5,994,914 | -€711,338 | -10.6% |
| Accrued charges and deferred income | 492/3 | €20,892 | €3,836 | -€17,056 | -81.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €296,305 | €199,202 | -€97,102 | -32.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,092,917 | €40,000 | -€1.1m | -96.3% |
| Other operating charges | 640/8 | €13,003 | €13,341 | +€339 | +2.6% |
| Gross operating margin | 9900 | €1,306,434 | €1,069,924 | -€236,510 | -18.1% |
| Operating profit (loss) | 9901 | -€95,790 | €817,380 | +€913,171 | |
| Financial income | 75/76B | €1,293,801 | €1,853,323 | +€559,521 | +43.2% |
| Recurring financial income | 75 | €1,293,801 | €1,853,323 | +€559,521 | +43.2% |
| Financial charges | 65/66B | €227,154 | €209,162 | -€17,991 | -7.9% |
| Recurring financial charges | 65 | €227,154 | €209,162 | -€17,991 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | €970,857 | €2,461,540 | +€1.5m | +153.5% |
| Transfer from deferred taxes | 780 | €6,342 | €62,264 | +€55,922 | +881.8% |
| Transfer to deferred taxes | 680 | - | €118,874 | +€118,874 | |
| Income taxes | 67/77 | €2,576 | €199,313 | +€196,737 | +7637.2% |
| Profit (loss) for the period | 9904 | €974,623 | €2,205,617 | +€1.2m | +126.3% |
| Transfer from tax-exempt reserves | 789 | €19,026 | €186,791 | +€167,765 | +881.8% |
| Transfer to tax-exempt reserves | 689 | - | €356,621 | +€356,621 | |
| Profit (loss) for the period to be appropriated | 9905 | €993,649 | €2,035,787 | +€1.0m | +104.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.