JUBELIM: what changed
What changed
JUBELIM
filed annual accounts (NBB)
Net result for the year
-€15,228
2024 · -€43,815+€28,587
Equity
€761,613
2024 · €877,923-€116,311
Cash
€42,962
2024 · €176,754-€133,793
Balance sheet total
€847,442
2024 · €976,143-€128,701
Largest movements
Assets
- Cash -€133,793
down €133,793 (-75.7%), from €176,754 to €42,962
mainly Contributions, distributions and other (-€101,083) and Receivables within one year (-€35,439)
- Receivables within one year +€35,439
up €35,439 (+200%), from €17,750 to €53,189
- Tangible fixed assets -€28,720
down €28,720 (-3.7%), from €777,106 to €748,385
of which Land and buildings: -€24,513
Equity and liabilities
- Reserves -€129,127
down €129,127 (-15.1%), from €856,943 to €727,816
of which Distributable reserves: -€101,083
- Profit (loss) carried forward +€12,817
up €12,817 (+31.2%), from -€41,020 to -€28,203
Income statement
- Gross operating margin +€43,414
up €43,414, from -€32,113 to €11,301
- Financial income +€1,230
up €1,230 (+134%), from €919 to €2,149
- Taxes -€784
down €784 (-50.8%), from €1,545 to €761
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€43,815
Gross operating margin
+€43,414
Depreciation
+€207
Other operating charges
+€285
Financial income
+€1,230
Financial charges
+€23
Taxes
+€784
Deferred taxes and other
-€17,356
Result 2025
-€15,228
raises the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€29,701
Investment
-€3,009
Financing
-€101,083
Cash 2024
€176,754
From operations (derived)
-€29,701
Net result for the year
-€15,228
Depreciation
+€31,729
Receivables within one year
-€35,439
Deferred charges and accrued income
+€1,627
Provisions
-€9,348
Trade debts
-€3,492
Tax, wage and social debts
+€451
Investment (derived)
-€3,009
Investment in fixed assets (net)
-€3,009
Financing
-€101,083
Contributions, distributions and other
-€101,083
Cash 2025
€42,962
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €976,143 | €847,442 | -€128,701 | -13.2% |
| Fixed assets | 21/28 | €779,906 | €751,185 | -€28,720 | -3.7% |
| Tangible fixed assets | 22/27 | €777,106 | €748,385 | -€28,720 | -3.7% |
| Land and buildings | 22 | €762,025 | €737,513 | -€24,513 | -3.2% |
| Furniture and vehicles | 24 | €15,080 | €10,873 | -€4,207 | -27.9% |
| Financial fixed assets | 28 | €2,800 | €2,800 | = | 0.0% |
| Current assets | 29/58 | €196,237 | €96,257 | -€99,980 | -50.9% |
| Amounts receivable within one year | 40/41 | €17,750 | €53,189 | +€35,439 | +200% |
| Other amounts receivable | 41 | €17,750 | €53,189 | +€35,439 | +200% |
| Cash at bank and in hand | 54/58 | €176,754 | €42,962 | -€133,793 | -75.7% |
| Deferred charges and accrued income | 490/1 | €1,734 | €107 | -€1,627 | -93.8% |
| Total equity and liabilities | 10/49 | €976,143 | €847,442 | -€128,701 | -13.2% |
| Equity | 10/15 | €877,923 | €761,613 | -€116,311 | -13.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €856,943 | €727,816 | -€129,127 | -15.1% |
| Tax-exempt reserves | 132 | €278,253 | €250,208 | -€28,045 | -10.1% |
| Distributable reserves | 133 | €578,690 | €477,607 | -€101,083 | -17.5% |
| Profit (loss) carried forward | 14 | -€41,020 | -€28,203 | +€12,817 | +31.2% |
| Provisions and deferred taxes | 16 | €92,751 | €83,403 | -€9,348 | -10.1% |
| Deferred taxes | 168 | €92,751 | €83,403 | -€9,348 | -10.1% |
| Amounts payable | 17/49 | €5,468 | €2,427 | -€3,042 | -55.6% |
| Amounts payable within one year | 42/48 | €4,968 | €1,927 | -€3,042 | -61.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €3,599 | €107 | -€3,492 | -97.0% |
| Suppliers | 440/4 | €3,599 | €107 | -€3,492 | -97.0% |
| Taxes, remuneration and social security | 45 | €1,269 | €1,720 | +€451 | +35.5% |
| Taxes | 450/3 | €1,269 | €1,720 | +€451 | +35.5% |
| Other amounts payable | 47/48 | €100 | €100 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €500 | €500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,936 | €31,729 | -€207 | -0.6% |
| Other operating charges | 640/8 | €4,687 | €4,402 | -€285 | -6.1% |
| Gross operating margin | 9900 | -€32,113 | €11,301 | +€43,414 | |
| Operating profit (loss) | 9901 | -€68,736 | -€24,830 | +€43,906 | +63.9% |
| Financial income | 75/76B | €919 | €2,149 | +€1,230 | +134% |
| Recurring financial income | 75 | €919 | €2,149 | +€1,230 | +134% |
| Financial charges | 65/66B | €1,157 | €1,134 | -€23 | -2.0% |
| Recurring financial charges | 65 | €1,157 | €1,134 | -€23 | -2.0% |
| Profit (loss) for the period before taxes | 9903 | -€68,974 | -€23,815 | +€45,159 | +65.5% |
| Transfer from deferred taxes | 780 | €26,704 | €9,348 | -€17,356 | -65.0% |
| Income taxes | 67/77 | €1,545 | €761 | -€784 | -50.8% |
| Profit (loss) for the period | 9904 | -€43,815 | -€15,228 | +€28,587 | +65.2% |
| Transfer from tax-exempt reserves | 789 | €80,112 | €28,045 | -€52,067 | -65.0% |
| Profit (loss) for the period to be appropriated | 9905 | €36,297 | €12,817 | -€23,480 | -64.7% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.