JUPELOU: 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.
JUPELOU
Largest movements
- Tangible fixed assets +€24,777
new in 2025: €24,777
of which Land and buildings: +€21,204
- Receivables within one year +€19,070
up €19,070 (+142%), from €13,416 to €32,487
of which Other amounts receivable: +€11,176
- Deferred charges and accrued income -€10,000
down €10,000 (-100%), from €10,000 to €0
- Cash +€3,451
up €3,451 (+7.9%), from €43,550 to €47,000
mainly Net result for the year (+€31,658) and Deferred charges and accrued income (+€10,000)
- Reserves +€31,658
up €31,658 (+71.0%), from €44,573 to €76,231
- Tax, wage and social debts +€7,869
up €7,869 (+39.6%), from €19,868 to €27,737
- Trade debts -€2,229
down €2,229 (-91.9%), from €2,426 to €196
- Gross operating margin -€13,193
down €13,193 (-21.8%), from €60,647 to €47,454
- Taxes -€3,174
down €3,174 (-25.8%), from €12,292 to €9,118
- Depreciation +€2,680
new in 2025: €2,680
- Staff costs +€784
up €784 (+26.3%), from €2,975 to €3,759
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 | €66,966 | €104,264 | +€37,298 | +55.7% |
| Fixed assets | 21/28 | - | €24,777 | +€24,777 | |
| Tangible fixed assets | 22/27 | - | €24,777 | +€24,777 | |
| Land and buildings | 22 | - | €21,204 | +€21,204 | |
| Furniture and vehicles | 24 | - | €3,573 | +€3,573 | |
| Current assets | 29/58 | €66,966 | €79,487 | +€12,521 | +18.7% |
| Amounts receivable within one year | 40/41 | €13,416 | €32,487 | +€19,070 | +142% |
| Trade receivables | 40 | €12,262 | €20,156 | +€7,894 | +64.4% |
| Other amounts receivable | 41 | €1,155 | €12,331 | +€11,176 | +968% |
| Cash at bank and in hand | 54/58 | €43,550 | €47,000 | +€3,451 | +7.9% |
| Deferred charges and accrued income | 490/1 | €10,000 | €0 | -€10,000 | -100% |
| Total equity and liabilities | 10/49 | €66,966 | €104,264 | +€37,298 | +55.7% |
| Equity | 10/15 | €44,673 | €76,331 | +€31,658 | +70.9% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €44,573 | €76,231 | +€31,658 | +71.0% |
| Distributable reserves | 133 | €44,573 | €76,231 | +€31,658 | +71.0% |
| Amounts payable | 17/49 | €22,293 | €27,933 | +€5,640 | +25.3% |
| Amounts payable within one year | 42/48 | €22,293 | €27,933 | +€5,640 | +25.3% |
| Trade debts | 44 | €2,426 | €196 | -€2,229 | -91.9% |
| Suppliers | 440/4 | €2,426 | €196 | -€2,229 | -91.9% |
| Taxes, remuneration and social security | 45 | €19,868 | €27,737 | +€7,869 | +39.6% |
| Taxes | 450/3 | €19,868 | €27,737 | +€7,869 | +39.6% |
| Remuneration, social security and pensions | 62 | €2,975 | €3,759 | +€784 | +26.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,680 | +€2,680 | |
| Other operating charges | 640/8 | €736 | €421 | -€316 | -42.9% |
| Gross operating margin | 9900 | €60,647 | €47,454 | -€13,193 | -21.8% |
| Operating profit (loss) | 9901 | €56,935 | €40,594 | -€16,341 | -28.7% |
| Financial income | 75/76B | €34 | €363 | +€329 | +982% |
| Recurring financial income | 75 | €34 | €363 | +€329 | +982% |
| Financial charges | 65/66B | €104 | €180 | +€76 | +73.7% |
| Recurring financial charges | 65 | €104 | €180 | +€76 | +73.7% |
| Profit (loss) for the period before taxes | 9903 | €56,865 | €40,777 | -€16,088 | -28.3% |
| Income taxes | 67/77 | €12,292 | €9,118 | -€3,174 | -25.8% |
| Profit (loss) for the period | 9904 | €44,573 | €31,658 | -€12,914 | -29.0% |
| Profit (loss) for the period to be appropriated | 9905 | €44,573 | €31,658 | -€12,914 | -29.0% |
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 14 October 2026 via checked.be.