JUBALO: 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.
JUBALO
Largest movements
- Financial fixed assets +€613,750
up €613,750 (+163,942%), from €374 to €614,124
- Receivables within one year -€69,171
down €69,171 (-80.1%), from €86,396 to €17,225
of which Other amounts receivable: -€69,596
- Tangible fixed assets +€8,581
new in 2025: €8,581
- Debts after one year +€471,367
new in 2025: €471,367
- Current portion of long-term debt +€53,206
new in 2025: €53,206
- Reserves +€13,219
up €13,219 (+160%), from €8,257 to €21,476
of which Distributable reserves: +€13,219
- Other debts +€10,007
up €10,007 (+47.0%), from €21,296 to €31,303
- Tax, wage and social debts +€8,644
new in 2025: €8,644
of which Taxes: +€6,867
- Gross operating margin +€32,146
up €32,146, from -€2,053 to €30,093
- Financial charges +€9,799
up €9,799 (+22,526%), from €44 to €9,842
- Financial income -€2,433
down €2,433 (-99.8%), from €2,439 to €6
- Taxes +€1,520
up €1,520 (+83,983%), from €2 to €1,522
- Staff costs +€1,496
up €1,496 (+1,170%), from €128 to €1,624
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 | €91,552 | €651,517 | +€559,965 | +612% |
| Fixed assets | 21/28 | €374 | €622,705 | +€622,331 | +166,234% |
| Tangible fixed assets | 22/27 | - | €8,581 | +€8,581 | |
| Plant, machinery and equipment | 23 | - | €8,581 | +€8,581 | |
| Financial fixed assets | 28 | €374 | €614,124 | +€613,750 | +163,942% |
| Current assets | 29/58 | €91,178 | €28,812 | -€62,366 | -68.4% |
| Amounts receivable within one year | 40/41 | €86,396 | €17,225 | -€69,171 | -80.1% |
| Trade receivables | 40 | - | €425 | +€425 | |
| Other amounts receivable | 41 | €86,396 | €16,800 | -€69,596 | -80.6% |
| Cash at bank and in hand | 54/58 | €4,782 | €11,212 | +€6,430 | +134% |
| Deferred charges and accrued income | 490/1 | - | €375 | +€375 | |
| Total equity and liabilities | 10/49 | €91,552 | €651,517 | +€559,965 | +612% |
| Equity | 10/15 | €70,257 | €83,476 | +€13,219 | +18.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €8,257 | €21,476 | +€13,219 | +160% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €2,057 | €15,276 | +€13,219 | +643% |
| Amounts payable | 17/49 | €21,296 | €568,042 | +€546,746 | +2,567% |
| Amounts payable after more than one year | 17 | - | €471,367 | +€471,367 | |
| Financial debts | 170/4 | - | €471,367 | +€471,367 | |
| Amounts payable within one year | 42/48 | €21,296 | €96,675 | +€75,379 | +354% |
| Current portion of amounts payable after more than one year | 42 | - | €53,206 | +€53,206 | |
| Trade debts | 44 | - | €3,521 | +€3,521 | |
| Suppliers | 440/4 | - | €3,521 | +€3,521 | |
| Taxes, remuneration and social security | 45 | - | €8,644 | +€8,644 | |
| Taxes | 450/3 | - | €6,867 | +€6,867 | |
| Remuneration and social security | 454/9 | - | €1,777 | +€1,777 | |
| Other amounts payable | 47/48 | €21,296 | €31,303 | +€10,007 | +47.0% |
| Remuneration, social security and pensions | 62 | €128 | €1,624 | +€1,496 | +1,170% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,419 | +€1,419 | |
| Other operating charges | 640/8 | €449 | €473 | +€24 | +5.3% |
| Non-recurring operating charges | 66A | €3,982 | - | -€3,982 | |
| Gross operating margin | 9900 | -€2,053 | €30,093 | +€32,146 | |
| Operating profit (loss) | 9901 | -€6,612 | €26,577 | +€33,189 | |
| Financial income | 75/76B | €2,439 | €6 | -€2,433 | -99.8% |
| Recurring financial income | 75 | €2,439 | €6 | -€2,433 | -99.8% |
| Financial charges | 65/66B | €44 | €9,842 | +€9,799 | +22,526% |
| Recurring financial charges | 65 | €44 | €9,842 | +€9,799 | +22,526% |
| Profit (loss) for the period before taxes | 9903 | -€4,217 | €16,741 | +€20,958 | |
| Income taxes | 67/77 | €2 | €1,522 | +€1,520 | +83,983% |
| Profit (loss) for the period | 9904 | -€4,219 | €15,219 | +€19,437 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,219 | €15,219 | +€19,437 |
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 19 October 2026 via checked.be.