JUBE MANAGEMENT: 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.
JUBE MANAGEMENT
Largest movements
- Tangible fixed assets -€41,182
down €41,182 (-9.9%), from €414,890 to €373,708
of which Furniture and vehicles: -€26,717
- Cash +€21,784
up €21,784 (+22.5%), from €97,014 to €118,798
mainly Net result for the year (+€61,170) and Depreciation (+€41,182)
- Receivables within one year +€7,270
up €7,270 (+44.4%), from €16,366 to €23,636
of which Trade receivables: +€5,814
- Other debts -€75,854
down €75,854 (-100%), from €75,854 to €0
- Profit (loss) carried forward +€61,170
new in 2025: €61,170
- Tax, wage and social debts +€13,200
up €13,200 (+79.9%), from €16,514 to €29,714
of which Remuneration and social security: +€9,672
- Debts after one year -€8,272
down €8,272 (-32.9%), from €25,160 to €16,888
- Staff costs +€25,626
new in 2025: €25,626
- Depreciation +€12,165
up €12,165 (+41.9%), from €29,017 to €41,182
- Taxes -€5,619
down €5,619 (-23.6%), from €23,839 to €18,220
- Other operating charges -€4,630
down €4,630 (-61.3%), from €7,548 to €2,918
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 | €528,270 | €518,167 | -€10,103 | -1.9% |
| Fixed assets | 21/28 | €414,890 | €373,708 | -€41,182 | -9.9% |
| Tangible fixed assets | 22/27 | €414,890 | €373,708 | -€41,182 | -9.9% |
| Land and buildings | 22 | €293,751 | €279,287 | -€14,464 | -4.9% |
| Furniture and vehicles | 24 | €121,139 | €94,421 | -€26,717 | -22.1% |
| Current assets | 29/58 | €113,381 | €144,459 | +€31,078 | +27.4% |
| Amounts receivable within one year | 40/41 | €16,366 | €23,636 | +€7,270 | +44.4% |
| Trade receivables | 40 | €6,050 | €11,864 | +€5,814 | +96.1% |
| Other amounts receivable | 41 | €10,316 | €11,772 | +€1,456 | +14.1% |
| Cash at bank and in hand | 54/58 | €97,014 | €118,798 | +€21,784 | +22.5% |
| Deferred charges and accrued income | 490/1 | - | €2,024 | +€2,024 | |
| Total equity and liabilities | 10/49 | €528,270 | €518,167 | -€10,103 | -1.9% |
| Equity | 10/15 | €399,879 | €461,048 | +€61,170 | +15.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €381,279 | €381,279 | = | 0.0% |
| Distributable reserves | 133 | €381,279 | €381,279 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €61,170 | +€61,170 | |
| Amounts payable | 17/49 | €128,392 | €57,119 | -€71,273 | -55.5% |
| Amounts payable after more than one year | 17 | €25,160 | €16,888 | -€8,272 | -32.9% |
| Financial debts | 170/4 | €25,160 | €16,888 | -€8,272 | -32.9% |
| Amounts payable within one year | 42/48 | €103,232 | €40,231 | -€63,001 | -61.0% |
| Current portion of amounts payable after more than one year | 42 | €8,160 | €8,272 | +€112 | +1.4% |
| Trade debts | 44 | €2,704 | €2,245 | -€459 | -17.0% |
| Suppliers | 440/4 | €2,704 | €2,245 | -€459 | -17.0% |
| Taxes, remuneration and social security | 45 | €16,514 | €29,714 | +€13,200 | +79.9% |
| Taxes | 450/3 | €16,514 | €20,042 | +€3,528 | +21.4% |
| Remuneration and social security | 454/9 | - | €9,672 | +€9,672 | |
| Other amounts payable | 47/48 | €75,854 | €0 | -€75,854 | -100% |
| Remuneration, social security and pensions | 62 | - | €25,626 | +€25,626 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,017 | €41,182 | +€12,165 | +41.9% |
| Other operating charges | 640/8 | €7,548 | €2,918 | -€4,630 | -61.3% |
| Gross operating margin | 9900 | €150,326 | €149,748 | -€577 | -0.4% |
| Operating profit (loss) | 9901 | €113,761 | €80,022 | -€33,739 | -29.7% |
| Financial income | 75/76B | €0 | €11 | +€11 | +111,700% |
| Recurring financial income | 75 | €0 | €11 | +€11 | +111,700% |
| Financial charges | 65/66B | €717 | €644 | -€73 | -10.2% |
| Recurring financial charges | 65 | €717 | €644 | -€73 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | €113,044 | €79,390 | -€33,654 | -29.8% |
| Income taxes | 67/77 | €23,839 | €18,220 | -€5,619 | -23.6% |
| Profit (loss) for the period | 9904 | €89,205 | €61,170 | -€28,036 | -31.4% |
| Profit (loss) for the period to be appropriated | 9905 | €89,205 | €61,170 | -€28,036 | -31.4% |
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 24 October 2026 via checked.be.