JUBALE: 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.
JUBALE
Largest movements
- Receivables within one year +€51,228
up €51,228 (+336%), from €15,231 to €66,458
of which Other amounts receivable: +€49,634
- Cash +€4,666
up €4,666 (+56.7%), from €8,223 to €12,889
mainly Net result for the year (+€54,682) and Other debts (+€14,256)
- Tangible fixed assets +€3,410
up €3,410 (+396%), from €862 to €4,271
- Reserves +€34,682
up €34,682 (+815%), from €4,258 to €38,940
- Other debts +€14,256
up €14,256 (+248%), from €5,744 to €20,000
- Trade debts +€6,942
up €6,942 (+453%), from €1,533 to €8,475
- Tax, wage and social debts +€3,448
up €3,448 (+34.8%), from €9,905 to €13,353
- Gross operating margin +€60,856
up €60,856 (+1,239%), from €4,912 to €65,768
- Taxes +€5,875
up €5,875 (+2,142%), from €274 to €6,149
- Depreciation +€3,704
up €3,704 (+736%), from €503 to €4,207
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 | €26,440 | €85,768 | +€59,329 | +224% |
| Fixed assets | 21/28 | €1,112 | €4,521 | +€3,410 | +307% |
| Tangible fixed assets | 22/27 | €862 | €4,271 | +€3,410 | +396% |
| Furniture and vehicles | 24 | €862 | €4,271 | +€3,410 | +396% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €25,328 | €81,247 | +€55,919 | +221% |
| Amounts receivable within one year | 40/41 | €15,231 | €66,458 | +€51,228 | +336% |
| Trade receivables | 40 | €15,231 | €16,824 | +€1,594 | +10.5% |
| Other amounts receivable | 41 | €0 | €49,634 | +€49,634 | |
| Cash at bank and in hand | 54/58 | €8,223 | €12,889 | +€4,666 | +56.7% |
| Deferred charges and accrued income | 490/1 | €1,875 | €1,900 | +€25 | +1.3% |
| Total equity and liabilities | 10/49 | €26,440 | €85,768 | +€59,329 | +224% |
| Equity | 10/15 | €9,258 | €43,940 | +€34,682 | +375% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €4,258 | €38,940 | +€34,682 | +815% |
| Distributable reserves | 133 | €4,258 | €38,940 | +€34,682 | +815% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €17,182 | €41,828 | +€24,646 | +143% |
| Amounts payable within one year | 42/48 | €17,182 | €41,828 | +€24,646 | +143% |
| Trade debts | 44 | €1,533 | €8,475 | +€6,942 | +453% |
| Suppliers | 440/4 | €1,533 | €8,475 | +€6,942 | +453% |
| Taxes, remuneration and social security | 45 | €9,905 | €13,353 | +€3,448 | +34.8% |
| Taxes | 450/3 | €9,905 | €13,353 | +€3,448 | +34.8% |
| Other amounts payable | 47/48 | €5,744 | €20,000 | +€14,256 | +248% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €503 | €4,207 | +€3,704 | +736% |
| Other operating charges | 640/8 | €502 | €654 | +€151 | +30.1% |
| Gross operating margin | 9900 | €4,912 | €65,768 | +€60,856 | +1,239% |
| Operating profit (loss) | 9901 | €3,907 | €60,907 | +€57,000 | +1,459% |
| Financial income | 75/76B | €7 | €0 | -€7 | -100% |
| Recurring financial income | 75 | €7 | €0 | -€7 | -100% |
| Financial charges | 65/66B | €167 | €76 | -€91 | -54.5% |
| Recurring financial charges | 65 | €167 | €76 | -€91 | -54.5% |
| Profit (loss) for the period before taxes | 9903 | €3,747 | €60,831 | +€57,084 | +1,524% |
| Income taxes | 67/77 | €274 | €6,149 | +€5,875 | +2,142% |
| Profit (loss) for the period | 9904 | €3,473 | €54,682 | +€51,210 | +1,475% |
| Profit (loss) for the period to be appropriated | 9905 | €3,473 | €54,682 | +€51,210 | +1,475% |
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 15 October 2026 via checked.be.