JA.CU.BE: 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.
JA.CU.BE
Largest movements
- Receivables within one year +€23,661
up €23,661 (+16.7%), from €141,808 to €165,469
of which Trade receivables: +€19,824
- Trade debts +€51,777
up €51,777 (+593%), from €8,727 to €60,504
- Debts after one year -€37,933
down €37,933 (-6.3%), from €604,906 to €566,973
- Gross operating margin +€16,189
up €16,189 (+18.6%), from €87,071 to €103,260
- Other operating charges +€6,147
up €6,147 (+170%), from €3,622 to €9,769
- Taxes +€2,606
up €2,606 (+89.9%), from €2,898 to €5,504
- Financial charges -€1,261
down €1,261 (-11.1%), from €11,368 to €10,107
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 | €2,234,766 | €2,235,113 | +€348 | 0.0% |
| Fixed assets | 21/28 | €2,076,126 | €2,055,324 | -€20,802 | -1.0% |
| Tangible fixed assets | 22/27 | €2,076,126 | €2,055,324 | -€20,802 | -1.0% |
| Land and buildings | 22 | €2,073,612 | €2,010,946 | -€62,665 | -3.0% |
| Furniture and vehicles | 24 | €2,514 | €44,377 | +€41,864 | +1,665% |
| Current assets | 29/58 | €158,640 | €179,790 | +€21,150 | +13.3% |
| Amounts receivable within one year | 40/41 | €141,808 | €165,469 | +€23,661 | +16.7% |
| Trade receivables | 40 | €140,124 | €159,948 | +€19,824 | +14.1% |
| Other amounts receivable | 41 | €1,684 | €5,521 | +€3,837 | +228% |
| Cash at bank and in hand | 54/58 | €5,433 | €11,715 | +€6,282 | +116% |
| Deferred charges and accrued income | 490/1 | €11,399 | €2,606 | -€8,793 | -77.1% |
| Total equity and liabilities | 10/49 | €2,234,766 | €2,235,113 | +€348 | 0.0% |
| Equity | 10/15 | €771,109 | €784,635 | +€13,526 | +1.8% |
| Contributions | 10/11 | €679,000 | €679,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €92,109 | €105,635 | +€13,526 | +14.7% |
| Amounts payable | 17/49 | €1,463,657 | €1,450,479 | -€13,178 | -0.9% |
| Amounts payable after more than one year | 17 | €604,906 | €566,973 | -€37,933 | -6.3% |
| Financial debts | 170/4 | €604,906 | €566,973 | -€37,933 | -6.3% |
| Amounts payable within one year | 42/48 | €858,751 | €883,506 | +€24,755 | +2.9% |
| Current portion of amounts payable after more than one year | 42 | €50,911 | €37,933 | -€12,978 | -25.5% |
| Trade debts | 44 | €8,727 | €60,504 | +€51,777 | +593% |
| Suppliers | 440/4 | €8,727 | €60,504 | +€51,777 | +593% |
| Taxes, remuneration and social security | 45 | €2,898 | €8,727 | +€5,829 | +201% |
| Taxes | 450/3 | €2,898 | €8,727 | +€5,829 | +201% |
| Other amounts payable | 47/48 | €796,215 | €776,342 | -€19,873 | -2.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,962 | €64,451 | -€511 | -0.8% |
| Other operating charges | 640/8 | €3,622 | €9,769 | +€6,147 | +170% |
| Gross operating margin | 9900 | €87,071 | €103,260 | +€16,189 | +18.6% |
| Operating profit (loss) | 9901 | €18,487 | €29,039 | +€10,552 | +57.1% |
| Financial income | 75/76B | €545 | €98 | -€447 | -82.0% |
| Recurring financial income | 75 | €545 | €98 | -€447 | -82.0% |
| Financial charges | 65/66B | €11,368 | €10,107 | -€1,261 | -11.1% |
| Recurring financial charges | 65 | €11,368 | €10,107 | -€1,261 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | €7,663 | €19,030 | +€11,366 | +148% |
| Income taxes | 67/77 | €2,898 | €5,504 | +€2,606 | +89.9% |
| Profit (loss) for the period | 9904 | €4,766 | €13,526 | +€8,760 | +184% |
| Profit (loss) for the period to be appropriated | 9905 | €4,766 | €13,526 | +€8,760 | +184% |
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 18 October 2026 via checked.be.