JUAN: 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.
JUAN
Largest movements
- Stocks and contracts -€1.2m
no longer reported in 2025 (was €1.2m)
- Cash +€87,436
up €87,436 (+158.8%), from €55,056 to €142,492
mainly Stocks and contracts (+€1.2m) and Trade debts (+€3,247)
- Tangible fixed assets +€53,551
up €53,551 (+16.0%), from €335,166 to €388,717
- Other debts -€838,589
down €838,589 (-96.5%), from €868,750 to €30,161
- Debts after one year -€174,250
down €174,250 (-29.0%), from €600,000 to €425,750
- Tax, wage and social debts -€39,100
no longer reported in 2025 (was €39,100)
- Profit (loss) carried forward -€21,695
down €21,695 (-5.6%), from €386,890 to €365,195
- Gross operating margin -€164,226
down €164,226 (-94.8%), from €173,317 to €9,091
- Taxes -€38,220
down €38,220 (-97.9%), from €39,031 to €810
- Financial charges +€6,134
up €6,134 (+27.0%), from €22,724 to €28,858
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 | €2,000,871 | €930,483 | -€1.1m | -53.5% |
| Fixed assets | 21/28 | €725,273 | €778,824 | +€53,551 | +7.4% |
| Tangible fixed assets | 22/27 | €335,166 | €388,717 | +€53,551 | +16.0% |
| Other tangible fixed assets | 26 | €335,166 | €388,717 | +€53,551 | +16.0% |
| Financial fixed assets | 28 | €390,107 | €390,107 | = | 0.0% |
| Current assets | 29/58 | €1,275,598 | €151,659 | -€1.1m | -88.1% |
| Stocks and contracts in progress | 3 | €1,216,374 | - | -€1.2m | |
| Stocks | 30/36 | €1,216,374 | - | -€1.2m | |
| Amounts receivable within one year | 40/41 | €4,167 | €9,167 | +€5,000 | +120.0% |
| Other amounts receivable | 41 | €4,167 | €9,167 | +€5,000 | +120.0% |
| Cash at bank and in hand | 54/58 | €55,056 | €142,492 | +€87,436 | +158.8% |
| Total equity and liabilities | 10/49 | €2,000,871 | €930,483 | -€1.1m | -53.5% |
| Equity | 10/15 | €486,890 | €465,195 | -€21,695 | -4.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €386,890 | €365,195 | -€21,695 | -5.6% |
| Amounts payable | 17/49 | €1,513,981 | €465,289 | -€1.0m | -69.3% |
| Amounts payable after more than one year | 17 | €600,000 | €425,750 | -€174,250 | -29.0% |
| Financial debts | 170/4 | €600,000 | €425,750 | -€174,250 | -29.0% |
| Amounts payable within one year | 42/48 | €913,981 | €39,539 | -€874,442 | -95.7% |
| Trade debts | 44 | €6,131 | €9,378 | +€3,247 | +53.0% |
| Suppliers | 440/4 | €6,131 | €9,378 | +€3,247 | +53.0% |
| Taxes, remuneration and social security | 45 | €39,100 | - | -€39,100 | |
| Taxes | 450/3 | €39,100 | - | -€39,100 | |
| Other amounts payable | 47/48 | €868,750 | €30,161 | -€838,589 | -96.5% |
| Non-recurring operating income | 76A | €53,551 | €53,551 | = | 0.0% |
| Other operating charges | 640/8 | €1,239 | €1,118 | -€122 | -9.8% |
| Gross operating margin | 9900 | €173,317 | €9,091 | -€164,226 | -94.8% |
| Operating profit (loss) | 9901 | €172,078 | €7,973 | -€164,104 | -95.4% |
| Financial income | 75/76B | €194 | - | -€194 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Non-recurring financial income | 76B | €194 | - | -€194 | |
| Financial charges | 65/66B | €22,724 | €28,858 | +€6,134 | +27.0% |
| Recurring financial charges | 65 | €22,724 | €28,858 | +€6,134 | +27.0% |
| Profit (loss) for the period before taxes | 9903 | €149,547 | -€20,885 | -€170,432 | |
| Income taxes | 67/77 | €39,031 | €810 | -€38,220 | -97.9% |
| Profit (loss) for the period | 9904 | €110,516 | -€21,695 | -€132,211 | |
| Profit (loss) for the period to be appropriated | 9905 | €110,516 | -€21,695 | -€132,211 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.