JCU: 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.
JCU
Largest movements
- Cash +€48,852
up €48,852 (+83.6%), from €58,406 to €107,258
mainly Net result for the year (+€42,070) and Depreciation (+€9,335)
- Tangible fixed assets -€9,335
down €9,335 (-43.7%), from €21,355 to €12,020
of which Furniture and vehicles: -€8,534
- Receivables within one year -€2,776
down €2,776 (-12.7%), from €21,782 to €19,007
of which Trade receivables: -€2,789
- Reserves +€42,070
up €42,070 (+72.0%), from €58,433 to €100,502
- Debts after one year -€6,963
down €6,963 (-85.3%), from €8,160 to €1,197
- Gross operating margin +€15,503
up €15,503 (+29.0%), from €53,493 to €68,996
- Taxes +€4,345
up €4,345 (+37.7%), from €11,518 to €15,862
- Depreciation +€2,338
up €2,338 (+33.4%), from €6,996 to €9,335
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 | €101,912 | €138,527 | +€36,615 | +35.9% |
| Fixed assets | 21/28 | €21,355 | €12,020 | -€9,335 | -43.7% |
| Tangible fixed assets | 22/27 | €21,355 | €12,020 | -€9,335 | -43.7% |
| Plant, machinery and equipment | 23 | €1,863 | €1,062 | -€801 | -43.0% |
| Furniture and vehicles | 24 | €19,491 | €10,958 | -€8,534 | -43.8% |
| Current assets | 29/58 | €80,557 | €126,507 | +€45,949 | +57.0% |
| Amounts receivable within one year | 40/41 | €21,782 | €19,007 | -€2,776 | -12.7% |
| Trade receivables | 40 | €20,785 | €17,996 | -€2,789 | -13.4% |
| Other amounts receivable | 41 | €997 | €1,011 | +€13 | +1.4% |
| Cash at bank and in hand | 54/58 | €58,406 | €107,258 | +€48,852 | +83.6% |
| Deferred charges and accrued income | 490/1 | €369 | €242 | -€127 | -34.4% |
| Total equity and liabilities | 10/49 | €101,912 | €138,527 | +€36,615 | +35.9% |
| Equity | 10/15 | €63,433 | €105,502 | +€42,070 | +66.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | €5,000 | = | 0.0% |
| Issued capital | 100 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €58,433 | €100,502 | +€42,070 | +72.0% |
| Distributable reserves | 133 | €58,433 | €100,502 | +€42,070 | +72.0% |
| Amounts payable | 17/49 | €38,480 | €33,025 | -€5,455 | -14.2% |
| Amounts payable after more than one year | 17 | €8,160 | €1,197 | -€6,963 | -85.3% |
| Financial debts | 170/4 | €8,160 | €1,197 | -€6,963 | -85.3% |
| Amounts payable within one year | 42/48 | €30,320 | €31,828 | +€1,508 | +5.0% |
| Current portion of amounts payable after more than one year | 42 | €6,604 | €6,963 | +€359 | +5.4% |
| Trade debts | 44 | €1,776 | €772 | -€1,004 | -56.5% |
| Suppliers | 440/4 | €1,776 | €772 | -€1,004 | -56.5% |
| Taxes, remuneration and social security | 45 | €13,791 | €14,947 | +€1,156 | +8.4% |
| Taxes | 450/3 | €12,100 | €13,256 | +€1,156 | +9.6% |
| Remuneration and social security | 454/9 | €1,691 | €1,691 | = | 0.0% |
| Other amounts payable | 47/48 | €8,149 | €9,146 | +€997 | +12.2% |
| Remuneration, social security and pensions | 62 | €58 | €155 | +€97 | +167.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,996 | €9,335 | +€2,338 | +33.4% |
| Other operating charges | 640/8 | €352 | €824 | +€472 | +134.0% |
| Gross operating margin | 9900 | €53,493 | €68,996 | +€15,503 | +29.0% |
| Operating profit (loss) | 9901 | €46,087 | €58,682 | +€12,595 | +27.3% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,282 | €751 | -€532 | -41.5% |
| Recurring financial charges | 65 | €1,282 | €751 | -€532 | -41.5% |
| Profit (loss) for the period before taxes | 9903 | €44,805 | €57,932 | +€13,127 | +29.3% |
| Income taxes | 67/77 | €11,518 | €15,862 | +€4,345 | +37.7% |
| Profit (loss) for the period | 9904 | €33,287 | €42,070 | +€8,782 | +26.4% |
| Profit (loss) for the period to be appropriated | 9905 | €33,287 | €42,070 | +€8,782 | +26.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.