IUSTIUS: 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.
IUSTIUS
Largest movements
- Receivables within one year -€112,733
down €112,733 (-62.0%), from €181,933 to €69,200
of which Other amounts receivable: -€85,367
- Tangible fixed assets +€86,738
up €86,738 (+95.9%), from €90,449 to €177,187
of which Furniture and vehicles: +€50,398
- Current investments -€34,582
down €34,582 (-46.3%), from €74,727 to €40,145
- Cash +€30,311
up €30,311 (+370.0%), from €8,192 to €38,503
mainly Receivables within one year (+€112,733) and Depreciation (+€35,832)
- Intangible fixed assets -€10,359
down €10,359 (-40.0%), from €25,922 to €15,563
- Other debts -€88,594
down €88,594 (-68.1%), from €130,061 to €41,467
- Debts after one year +€27,136
new in 2025: €27,136
- Tax, wage and social debts -€11,312
down €11,312 (-62.3%), from €18,169 to €6,856
of which Taxes: -€14,526
- Trade debts +€9,066
up €9,066 (+9.2%), from €98,995 to €108,061
- Current portion of long-term debt +€8,859
up €8,859 (+621.7%), from €1,425 to €10,284
- Other operating charges +€6,140
up €6,140 (+527.0%), from €1,165 to €7,305
- Write-downs -€5,372
down €5,372, from €2,106 to -€3,266
- Depreciation +€4,801
up €4,801 (+15.5%), from €31,031 to €35,832
- Financial income -€4,077
down €4,077 (-76.4%), from €5,334 to €1,258
- Taxes -€3,878
down €3,878 (-40.6%), from €9,545 to €5,666
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 | €402,857 | €351,952 | -€50,905 | -12.6% |
| Fixed assets | 21/28 | €116,621 | €193,000 | +€76,379 | +65.5% |
| Intangible fixed assets | 21 | €25,922 | €15,563 | -€10,359 | -40.0% |
| Tangible fixed assets | 22/27 | €90,449 | €177,187 | +€86,738 | +95.9% |
| Plant, machinery and equipment | 23 | €187 | €0 | -€187 | -100.0% |
| Furniture and vehicles | 24 | €21,397 | €71,795 | +€50,398 | +235.5% |
| Other tangible fixed assets | 26 | €68,865 | €105,392 | +€36,527 | +53.0% |
| Financial fixed assets | 28 | €251 | €251 | = | 0.0% |
| Current assets | 29/58 | €286,236 | €158,951 | -€127,284 | -44.5% |
| Amounts receivable within one year | 40/41 | €181,933 | €69,200 | -€112,733 | -62.0% |
| Trade receivables | 40 | €86,124 | €58,758 | -€27,366 | -31.8% |
| Other amounts receivable | 41 | €95,810 | €10,442 | -€85,367 | -89.1% |
| Current investments | 50/53 | €74,727 | €40,145 | -€34,582 | -46.3% |
| Cash at bank and in hand | 54/58 | €8,192 | €38,503 | +€30,311 | +370.0% |
| Deferred charges and accrued income | 490/1 | €21,383 | €11,103 | -€10,280 | -48.1% |
| Total equity and liabilities | 10/49 | €402,857 | €351,952 | -€50,905 | -12.6% |
| Equity | 10/15 | €143,864 | €146,125 | +€2,261 | +1.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €131,464 | €131,464 | = | 0.0% |
| Distributable reserves | 133 | €131,464 | €131,464 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €2,261 | +€2,261 | |
| Amounts payable | 17/49 | €258,993 | €205,827 | -€53,166 | -20.5% |
| Amounts payable after more than one year | 17 | - | €27,136 | +€27,136 | |
| Financial debts | 170/4 | - | €27,136 | +€27,136 | |
| Amounts payable within one year | 42/48 | €253,193 | €172,891 | -€80,302 | -31.7% |
| Current portion of amounts payable after more than one year | 42 | €1,425 | €10,284 | +€8,859 | +621.7% |
| Financial debts | 43 | €4,117 | €4,078 | -€38 | -0.9% |
| Credit institutions | 430/8 | €4,117 | €4,078 | -€38 | -0.9% |
| Trade debts | 44 | €98,995 | €108,061 | +€9,066 | +9.2% |
| Suppliers | 440/4 | €98,995 | €108,061 | +€9,066 | +9.2% |
| Advances received on contracts in progress | 46 | €426 | €2,144 | +€1,718 | +402.8% |
| Taxes, remuneration and social security | 45 | €18,169 | €6,856 | -€11,312 | -62.3% |
| Taxes | 450/3 | €14,526 | €0 | -€14,526 | -100.0% |
| Remuneration and social security | 454/9 | €3,643 | €6,856 | +€3,213 | +88.2% |
| Other amounts payable | 47/48 | €130,061 | €41,467 | -€88,594 | -68.1% |
| Accrued charges and deferred income | 492/3 | €5,800 | €5,800 | = | 0.0% |
| Non-recurring operating income | 76A | - | €22,560 | +€22,560 | |
| Remuneration, social security and pensions | 62 | €35,400 | €35,951 | +€551 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,031 | €35,832 | +€4,801 | +15.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,106 | -€3,266 | -€5,372 | |
| Other operating charges | 640/8 | €1,165 | €7,305 | +€6,140 | +527.0% |
| Gross operating margin | 9900 | €87,166 | €89,920 | +€2,754 | +3.2% |
| Operating profit (loss) | 9901 | €17,463 | €14,099 | -€3,364 | -19.3% |
| Financial income | 75/76B | €5,334 | €1,258 | -€4,077 | -76.4% |
| Recurring financial income | 75 | €5,334 | €1,258 | -€4,077 | -76.4% |
| Financial charges | 65/66B | €7,136 | €7,429 | +€293 | +4.1% |
| Recurring financial charges | 65 | €7,136 | €7,429 | +€293 | +4.1% |
| Profit (loss) for the period before taxes | 9903 | €15,661 | €7,927 | -€7,734 | -49.4% |
| Income taxes | 67/77 | €9,545 | €5,666 | -€3,878 | -40.6% |
| Profit (loss) for the period | 9904 | €6,117 | €2,261 | -€3,855 | -63.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,117 | €2,261 | -€3,855 | -63.0% |
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 10 October 2026 via checked.be.