JUBA: 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.
JUBA
Largest movements
- Tangible fixed assets +€471,531
up €471,531 (+58.4%), from €807,800 to €1.3m
of which Leasing and similar rights: +€538,150
- Receivables within one year -€457,605
down €457,605 (-28.3%), from €1.6m to €1.2m
of which Trade receivables: -€445,838
- Cash -€290,322
down €290,322 (-22.2%), from €1.3m to €1.0m
mainly Investment in fixed assets (net) (-€685,591) and Tax, wage and social debts (-€470,985)
- Deferred charges and accrued income +€168,794
up €168,794 (+112.9%), from €149,449 to €318,243
- Tax, wage and social debts -€470,985
down €470,985 (-70.9%), from €664,253 to €193,267
of which Taxes: -€477,287
- Debts after one year +€333,334
up €333,334 (+112.8%), from €295,546 to €628,880
- Trade debts -€191,060
down €191,060 (-41.8%), from €456,914 to €265,854
- Profit (loss) carried forward +€103,120
up €103,120 (+5.6%), from €1.9m to €2.0m
- Current portion of long-term debt +€78,262
up €78,262 (+44.8%), from €174,551 to €252,813
- Taxes -€306,852
down €306,852 (-99.2%), from €309,326 to €2,474
- Staff costs +€151,728
up €151,728 (+10.1%), from €1.5m to €1.7m
- Gross operating margin +€149,088
up €149,088 (+7.4%), from €2.0m to €2.2m
- Financial charges +€146,005
up €146,005 (+895.6%), from €16,303 to €162,308
of which Non-recurring financial charges: +€135,412
- Depreciation +€43,127
up €43,127 (+25.3%), from €170,392 to €213,520
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 | €3,937,478 | €3,830,416 | -€107,062 | -2.7% |
| Fixed assets | 21/28 | €863,219 | €1,335,290 | +€472,071 | +54.7% |
| Tangible fixed assets | 22/27 | €807,800 | €1,279,331 | +€471,531 | +58.4% |
| Land and buildings | 22 | €153,631 | €149,890 | -€3,741 | -2.4% |
| Plant, machinery and equipment | 23 | €60,228 | €42,668 | -€17,559 | -29.2% |
| Furniture and vehicles | 24 | €287,519 | €248,410 | -€39,109 | -13.6% |
| Leasing and similar rights | 25 | €271,000 | €809,150 | +€538,150 | +198.6% |
| Other tangible fixed assets | 26 | €35,422 | €29,213 | -€6,210 | -17.5% |
| Financial fixed assets | 28 | €55,419 | €55,959 | +€540 | +1.0% |
| Current assets | 29/58 | €3,074,259 | €2,495,126 | -€579,133 | -18.8% |
| Amounts receivable within one year | 40/41 | €1,617,849 | €1,160,244 | -€457,605 | -28.3% |
| Trade receivables | 40 | €1,580,663 | €1,134,824 | -€445,838 | -28.2% |
| Other amounts receivable | 41 | €37,187 | €25,420 | -€11,767 | -31.6% |
| Cash at bank and in hand | 54/58 | €1,306,960 | €1,016,638 | -€290,322 | -22.2% |
| Deferred charges and accrued income | 490/1 | €149,449 | €318,243 | +€168,794 | +112.9% |
| Total equity and liabilities | 10/49 | €3,937,478 | €3,830,416 | -€107,062 | -2.7% |
| Equity | 10/15 | €2,329,925 | €2,477,045 | +€147,120 | +6.3% |
| Contributions | 10/11 | €311,973 | €311,973 | = | 0.0% |
| Capital | 10 | €311,973 | €311,973 | = | 0.0% |
| Issued capital | 100 | €311,973 | €311,973 | = | 0.0% |
| Reserves | 13 | €162,345 | €206,345 | +€44,000 | +27.1% |
| Non-distributable reserves | 130/1 | €31,197 | €31,197 | = | 0.0% |
| Legal reserve | 130 | €31,197 | €31,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €131,148 | €175,148 | +€44,000 | +33.5% |
| Profit (loss) carried forward | 14 | €1,855,607 | €1,958,726 | +€103,120 | +5.6% |
| Amounts payable | 17/49 | €1,607,553 | €1,353,371 | -€254,182 | -15.8% |
| Amounts payable after more than one year | 17 | €295,546 | €628,880 | +€333,334 | +112.8% |
| Financial debts | 170/4 | €295,546 | €628,880 | +€333,334 | +112.8% |
| Amounts payable within one year | 42/48 | €1,312,007 | €724,492 | -€587,515 | -44.8% |
| Current portion of amounts payable after more than one year | 42 | €174,551 | €252,813 | +€78,262 | +44.8% |
| Trade debts | 44 | €456,914 | €265,854 | -€191,060 | -41.8% |
| Suppliers | 440/4 | €456,914 | €265,854 | -€191,060 | -41.8% |
| Taxes, remuneration and social security | 45 | €664,253 | €193,267 | -€470,985 | -70.9% |
| Taxes | 450/3 | €505,534 | €28,247 | -€477,287 | -94.4% |
| Remuneration and social security | 454/9 | €158,719 | €165,020 | +€6,302 | +4.0% |
| Other amounts payable | 47/48 | €16,289 | €12,558 | -€3,732 | -22.9% |
| Non-recurring operating income | 76A | €62,800 | €90,154 | +€27,354 | +43.6% |
| Remuneration, social security and pensions | 62 | €1,503,666 | €1,655,394 | +€151,728 | +10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €170,392 | €213,520 | +€43,127 | +25.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €20,781 | - | -€20,781 | |
| Other operating charges | 640/8 | €17,960 | €21,024 | +€3,064 | +17.1% |
| Non-recurring operating charges | 66A | €204,288 | €5,538 | -€198,750 | -97.3% |
| Gross operating margin | 9900 | €2,012,698 | €2,161,786 | +€149,088 | +7.4% |
| Operating profit (loss) | 9901 | €95,610 | €266,310 | +€170,700 | +178.5% |
| Financial income | 75/76B | €52,559 | €45,592 | -€6,967 | -13.3% |
| Recurring financial income | 75 | €2,559 | €5,592 | +€3,033 | +118.5% |
| Non-recurring financial income | 76B | €50,000 | €40,000 | -€10,000 | -20.0% |
| Financial charges | 65/66B | €16,303 | €162,308 | +€146,005 | +895.6% |
| Recurring financial charges | 65 | €16,303 | €26,896 | +€10,593 | +65.0% |
| Non-recurring financial charges | 66B | - | €135,412 | +€135,412 | |
| Profit (loss) for the period before taxes | 9903 | €131,865 | €149,594 | +€17,728 | +13.4% |
| Income taxes | 67/77 | €309,326 | €2,474 | -€306,852 | -99.2% |
| Profit (loss) for the period | 9904 | -€177,461 | €147,120 | +€324,581 | |
| Transfer to tax-exempt reserves | 689 | €56,500 | €44,000 | -€12,500 | -22.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€233,961 | €103,120 | +€337,081 |
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 8 October 2026 via checked.be.