Jual: 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.
Jual
Largest movements
- Current investments +€1.1m
up €1.1m (+23.8%), from €4.5m to €5.5m
- Receivables after one year -€552,255
down €552,255 (-45.3%), from €1.2m to €667,598
of which Other amounts receivable: -€703,854
- Tangible fixed assets -€380,268
down €380,268 (-6.4%), from €6.0m to €5.6m
of which Land and buildings: -€390,502
- Cash +€222,453
up €222,453 (+88.7%), from €250,679 to €473,132
mainly Net result for the year (+€562,549) and Receivables after one year (+€552,255)
- Reserves +€562,549
up €562,549 (+17.1%), from €3.3m to €3.9m
of which Distributable reserves: +€556,159
- Taxes -€19,874
down €19,874 (-6.8%), from €291,782 to €271,908
- Financial income -€14,848
down €14,848 (-13.2%), from €112,158 to €97,310
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 | €11,895,975 | €12,285,028 | +€389,054 | +3.3% |
| Fixed assets | 21/28 | €5,958,282 | €5,578,013 | -€380,268 | -6.4% |
| Tangible fixed assets | 22/27 | €5,958,282 | €5,578,013 | -€380,268 | -6.4% |
| Land and buildings | 22 | €5,958,282 | €5,567,779 | -€390,502 | -6.6% |
| Plant, machinery and equipment | 23 | - | €10,234 | +€10,234 | |
| Current assets | 29/58 | €5,937,693 | €6,707,015 | +€769,322 | +13.0% |
| Amounts receivable after more than one year | 29 | €1,219,854 | €667,598 | -€552,255 | -45.3% |
| Trade receivables | 290 | - | €151,598 | +€151,598 | |
| Other amounts receivable | 291 | €1,219,854 | €516,000 | -€703,854 | -57.7% |
| Amounts receivable within one year | 40/41 | - | €34,382 | +€34,382 | |
| Other amounts receivable | 41 | - | €34,382 | +€34,382 | |
| Current investments | 50/53 | €4,467,161 | €5,531,903 | +€1.1m | +23.8% |
| Cash at bank and in hand | 54/58 | €250,679 | €473,132 | +€222,453 | +88.7% |
| Total equity and liabilities | 10/49 | €11,895,975 | €12,285,028 | +€389,054 | +3.3% |
| Equity | 10/15 | €9,384,241 | €9,946,790 | +€562,549 | +6.0% |
| Contributions | 10/11 | €2,644,537 | €2,644,537 | = | 0.0% |
| Capital | 10 | €2,644,537 | €2,644,537 | = | 0.0% |
| Issued capital | 100 | €2,644,537 | €2,644,537 | = | 0.0% |
| Reserves | 13 | €3,296,629 | €3,859,178 | +€562,549 | +17.1% |
| Non-distributable reserves | 130/1 | €180,364 | €209,635 | +€29,272 | +16.2% |
| Legal reserve | 130 | €180,364 | €209,635 | +€29,272 | +16.2% |
| Tax-exempt reserves | 132 | €148,447 | €125,565 | -€22,882 | -15.4% |
| Distributable reserves | 133 | €2,967,819 | €3,523,978 | +€556,159 | +18.7% |
| Profit (loss) carried forward | 14 | €3,443,075 | €3,443,075 | = | 0.0% |
| Provisions and deferred taxes | 16 | €76,438 | €64,656 | -€11,782 | -15.4% |
| Deferred taxes | 168 | €76,438 | €64,656 | -€11,782 | -15.4% |
| Amounts payable | 17/49 | €2,435,295 | €2,273,583 | -€161,712 | -6.6% |
| Amounts payable within one year | 42/48 | €2,410,763 | €2,250,268 | -€160,495 | -6.7% |
| Trade debts | 44 | €8,781 | €1,085 | -€7,696 | -87.6% |
| Suppliers | 440/4 | €8,781 | €1,085 | -€7,696 | -87.6% |
| Taxes, remuneration and social security | 45 | €437,640 | €356,197 | -€81,443 | -18.6% |
| Taxes | 450/3 | €437,640 | €356,197 | -€81,443 | -18.6% |
| Other amounts payable | 47/48 | €1,964,341 | €1,892,986 | -€71,356 | -3.6% |
| Accrued charges and deferred income | 492/3 | €24,532 | €23,315 | -€1,217 | -5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €409,830 | €412,003 | +€2,173 | +0.5% |
| Other operating charges | 640/8 | €96,083 | €99,082 | +€2,999 | +3.1% |
| Gross operating margin | 9900 | €1,355,418 | €1,355,337 | -€81 | 0.0% |
| Operating profit (loss) | 9901 | €849,506 | €844,252 | -€5,254 | -0.6% |
| Financial income | 75/76B | €112,158 | €97,310 | -€14,848 | -13.2% |
| Recurring financial income | 75 | €112,158 | €97,310 | -€14,848 | -13.2% |
| Financial charges | 65/66B | €128,370 | €118,888 | -€9,482 | -7.4% |
| Recurring financial charges | 65 | €128,370 | €118,888 | -€9,482 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | €833,294 | €822,674 | -€10,619 | -1.3% |
| Transfer from deferred taxes | 780 | €11,782 | €11,782 | = | 0.0% |
| Income taxes | 67/77 | €291,782 | €271,908 | -€19,874 | -6.8% |
| Profit (loss) for the period | 9904 | €553,294 | €562,549 | +€9,254 | +1.7% |
| Transfer from tax-exempt reserves | 789 | €22,882 | €22,882 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €576,176 | €585,431 | +€9,254 | +1.6% |
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 2 October 2026 via checked.be.