JUARVIC: 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.
JUARVIC
Largest movements
- Tangible fixed assets +€403,248
new in 2025: €403,248
of which Land and buildings: +€395,367
- Cash -€193,539
down €193,539 (-62.7%), from €308,726 to €115,187
mainly Investment in fixed assets (net) (-€479,632) and Net result for the year (-€53,871)
- Financial fixed assets +€19,800
up €19,800 (+5.0%), from €394,174 to €413,974
- Receivables within one year -€12,424
down €12,424 (-54.7%), from €22,700 to €10,276
- Debts after one year +€159,251
up €159,251 (+131%), from €121,248 to €280,499
- Other debts +€97,215
up €97,215 (+16.9%), from €575,000 to €672,215
- Profit (loss) carried forward -€53,871
down €53,871, from €1,688 to -€52,183
- Current portion of long-term debt +€11,689
up €11,689 (+60.4%), from €19,357 to €31,045
- Depreciation +€56,584
new in 2025: €56,584
- Gross operating margin +€9,162
up €9,162 (+161%), from €5,686 to €14,848
- Financial charges +€6,841
up €6,841 (+222%), from €3,084 to €9,926
- Other operating charges +€1,822
up €1,822 (+470%), from €387 to €2,209
- Taxes -€527
no longer reported in 2025 (was €527)
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 | €725,600 | €942,684 | +€217,085 | +29.9% |
| Fixed assets | 21/28 | €394,174 | €817,222 | +€423,048 | +107% |
| Tangible fixed assets | 22/27 | - | €403,248 | +€403,248 | |
| Land and buildings | 22 | - | €395,367 | +€395,367 | |
| Furniture and vehicles | 24 | - | €7,881 | +€7,881 | |
| Financial fixed assets | 28 | €394,174 | €413,974 | +€19,800 | +5.0% |
| Current assets | 29/58 | €331,426 | €125,462 | -€205,963 | -62.1% |
| Amounts receivable within one year | 40/41 | €22,700 | €10,276 | -€12,424 | -54.7% |
| Trade receivables | 40 | €22,700 | €10,276 | -€12,424 | -54.7% |
| Cash at bank and in hand | 54/58 | €308,726 | €115,187 | -€193,539 | -62.7% |
| Total equity and liabilities | 10/49 | €725,600 | €942,684 | +€217,085 | +29.9% |
| Equity | 10/15 | €6,688 | -€47,183 | -€53,871 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,688 | -€52,183 | -€53,871 | |
| Amounts payable | 17/49 | €718,912 | €989,867 | +€270,955 | +37.7% |
| Amounts payable after more than one year | 17 | €121,248 | €280,499 | +€159,251 | +131% |
| Financial debts | 170/4 | €121,248 | €280,499 | +€159,251 | +131% |
| Amounts payable within one year | 42/48 | €595,617 | €704,549 | +€108,932 | +18.3% |
| Current portion of amounts payable after more than one year | 42 | €19,357 | €31,045 | +€11,689 | +60.4% |
| Trade debts | 44 | €734 | €1,289 | +€555 | +75.6% |
| Suppliers | 440/4 | €734 | €1,289 | +€555 | +75.6% |
| Taxes, remuneration and social security | 45 | €527 | - | -€527 | |
| Taxes | 450/3 | €527 | - | -€527 | |
| Other amounts payable | 47/48 | €575,000 | €672,215 | +€97,215 | +16.9% |
| Accrued charges and deferred income | 492/3 | €2,047 | €4,819 | +€2,772 | +135% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €56,584 | +€56,584 | |
| Other operating charges | 640/8 | €387 | €2,209 | +€1,822 | +470% |
| Gross operating margin | 9900 | €5,686 | €14,848 | +€9,162 | +161% |
| Operating profit (loss) | 9901 | €5,299 | -€43,945 | -€49,244 | |
| Financial charges | 65/66B | €3,084 | €9,926 | +€6,841 | +222% |
| Recurring financial charges | 65 | €3,084 | €9,926 | +€6,841 | +222% |
| Profit (loss) for the period before taxes | 9903 | €2,215 | -€53,871 | -€56,085 | |
| Income taxes | 67/77 | €527 | - | -€527 | |
| Profit (loss) for the period | 9904 | €1,688 | -€53,871 | -€55,559 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,688 | -€53,871 | -€55,559 |
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 17 October 2026 via checked.be.