JUALMA: 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.
JUALMA
Largest movements
- Receivables within one year +€41,886
up €41,886 (+230%), from €18,238 to €60,124
- Tangible fixed assets -€5,797
down €5,797 (-18.0%), from €32,140 to €26,343
of which Land and buildings: -€4,232
- Cash -€5,601
down €5,601 (-4.9%), from €114,112 to €108,511
mainly Receivables within one year (-€41,886) and Investment in fixed assets (net) (-€4,644)
- Reserves +€30,196
up €30,196 (+10.2%), from €294,915 to €325,110
of which Distributable reserves: +€30,196
- Gross operating margin +€30,360
up €30,360 (+92.5%), from €32,839 to €63,199
- Taxes +€12,743
up €12,743 (+210%), from €6,070 to €18,813
- Depreciation -€1,542
down €1,542 (-12.9%), from €11,984 to €10,442
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 | €313,515 | €344,003 | +€30,488 | +9.7% |
| Fixed assets | 21/28 | €32,140 | €26,343 | -€5,797 | -18.0% |
| Tangible fixed assets | 22/27 | €32,140 | €26,343 | -€5,797 | -18.0% |
| Land and buildings | 22 | €18,147 | €13,915 | -€4,232 | -23.3% |
| Plant, machinery and equipment | 23 | €7,759 | €9,607 | +€1,848 | +23.8% |
| Furniture and vehicles | 24 | €6,234 | €2,821 | -€3,414 | -54.8% |
| Current assets | 29/58 | €281,375 | €317,660 | +€36,285 | +12.9% |
| Amounts receivable within one year | 40/41 | €18,238 | €60,124 | +€41,886 | +230% |
| Other amounts receivable | 41 | €18,238 | €60,124 | +€41,886 | +230% |
| Current investments | 50/53 | €149,024 | €149,024 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €114,112 | €108,511 | -€5,601 | -4.9% |
| Total equity and liabilities | 10/49 | €313,515 | €344,003 | +€30,488 | +9.7% |
| Equity | 10/15 | €313,515 | €343,710 | +€30,196 | +9.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €294,915 | €325,110 | +€30,196 | +10.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €293,055 | €323,250 | +€30,196 | +10.3% |
| Amounts payable | 17/49 | - | €293 | +€293 | |
| Amounts payable within one year | 42/48 | - | €293 | +€293 | |
| Trade debts | 44 | - | €293 | +€293 | |
| Suppliers | 440/4 | - | €293 | +€293 | |
| Remuneration, social security and pensions | 62 | €387 | €400 | +€12 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,984 | €10,442 | -€1,542 | -12.9% |
| Other operating charges | 640/8 | €3,310 | €3,305 | -€6 | -0.2% |
| Gross operating margin | 9900 | €32,839 | €63,199 | +€30,360 | +92.5% |
| Operating profit (loss) | 9901 | €17,158 | €49,053 | +€31,895 | +186% |
| Financial charges | 65/66B | €45 | €45 | +€0 | +0.2% |
| Recurring financial charges | 65 | €45 | €45 | +€0 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | €17,113 | €49,008 | +€31,895 | +186% |
| Income taxes | 67/77 | €6,070 | €18,813 | +€12,743 | +210% |
| Profit (loss) for the period | 9904 | €11,043 | €30,196 | +€19,153 | +173% |
| Profit (loss) for the period to be appropriated | 9905 | €11,043 | €30,196 | +€19,153 | +173% |
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.