JPS DEVELOPMENT: 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.
JPS DEVELOPMENT
Largest movements
- Tangible fixed assets -€16,981
down €16,981 (-5.3%), from €318,940 to €301,960
- Debts after one year -€16,471
down €16,471 (-16.9%), from €97,516 to €81,046
- Gross operating margin +€3,672
up €3,672 (+12.9%), from €28,552 to €32,224
- Depreciation +€860
up €860 (+3.4%), from €25,043 to €25,903
- Financial charges -€394
down €394 (-13.6%), from €2,899 to €2,505
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 | €343,251 | €327,058 | -€16,193 | -4.7% |
| Fixed assets | 21/28 | €318,940 | €301,960 | -€16,981 | -5.3% |
| Tangible fixed assets | 22/27 | €318,940 | €301,960 | -€16,981 | -5.3% |
| Other tangible fixed assets | 26 | €318,940 | €301,960 | -€16,981 | -5.3% |
| Current assets | 29/58 | €24,311 | €25,098 | +€788 | +3.2% |
| Cash at bank and in hand | 54/58 | €22,249 | €25,098 | +€2,850 | +12.8% |
| Deferred charges and accrued income | 490/1 | €2,062 | - | -€2,062 | |
| Total equity and liabilities | 10/49 | €343,251 | €327,058 | -€16,193 | -4.7% |
| Equity | 10/15 | €113,220 | €113,289 | +€69 | +0.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €7,230 | €7,230 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,230 | €2,230 | = | 0.0% |
| Legal reserve | 130 | €2,230 | €2,230 | = | 0.0% |
| Distributable reserves | 133 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,990 | €6,059 | +€69 | +1.1% |
| Amounts payable | 17/49 | €230,031 | €213,769 | -€16,262 | -7.1% |
| Amounts payable after more than one year | 17 | €97,516 | €81,046 | -€16,471 | -16.9% |
| Financial debts | 170/4 | €97,516 | €81,046 | -€16,471 | -16.9% |
| Amounts payable within one year | 42/48 | €132,514 | €132,723 | +€209 | +0.2% |
| Current portion of amounts payable after more than one year | 42 | €16,471 | €16,471 | = | 0.0% |
| Trade debts | 44 | €4,121 | €3,804 | -€316 | -7.7% |
| Suppliers | 440/4 | €4,121 | €3,804 | -€316 | -7.7% |
| Advances received on contracts in progress | 46 | €6,500 | €7,000 | +€500 | +7.7% |
| Taxes, remuneration and social security | 45 | - | €25 | +€25 | |
| Taxes | 450/3 | - | €25 | +€25 | |
| Other amounts payable | 47/48 | €105,423 | €105,423 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,043 | €25,903 | +€860 | +3.4% |
| Other operating charges | 640/8 | €3,710 | €3,722 | +€12 | +0.3% |
| Gross operating margin | 9900 | €28,552 | €32,224 | +€3,672 | +12.9% |
| Operating profit (loss) | 9901 | -€201 | €2,598 | +€2,799 | |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €2,899 | €2,505 | -€394 | -13.6% |
| Recurring financial charges | 65 | €2,899 | €2,505 | -€394 | -13.6% |
| Profit (loss) for the period before taxes | 9903 | -€3,097 | €94 | +€3,191 | |
| Income taxes | 67/77 | - | €25 | +€25 | |
| Profit (loss) for the period | 9904 | -€3,097 | €69 | +€3,166 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,097 | €69 | +€3,166 |
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 25 October 2026 via checked.be.