JUBILEE SERVICES: 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.
JUBILEE SERVICES
Largest movements
- Cash -€158,237
down €158,237 (-80.9%), from €195,528 to €37,291
mainly Net result for the year (-€168,052) and Contributions, distributions and other (-€50,000)
- Tangible fixed assets -€4,500
down €4,500 (-57.1%), from €7,882 to €3,382
of which Plant, machinery and equipment: -€5,872
- Profit (loss) carried forward -€118,052
down €118,052, from €111,839 to -€6,213
- Reserves -€100,000
down €100,000 (-99.7%), from €100,323 to €323
of which Distributable reserves: -€100,000
- Other debts +€47,826
up €47,826 (+2,103%), from €2,274 to €50,099
- Trade debts +€8,068
up €8,068 (+27.4%), from €29,452 to €37,521
- Gross operating margin -€149,879
down €149,879 (-11,119%), from -€1,348 to -€151,227
- Financial charges -€17,527
down €17,527 (-73.2%), from €23,934 to €6,406
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 | €385,069 | €221,730 | -€163,339 | -42.4% |
| Fixed assets | 21/28 | €32,292 | €27,300 | -€4,992 | -15.5% |
| Intangible fixed assets | 21 | €3,482 | €2,991 | -€492 | -14.1% |
| Tangible fixed assets | 22/27 | €7,882 | €3,382 | -€4,500 | -57.1% |
| Plant, machinery and equipment | 23 | €7,882 | €2,010 | -€5,872 | -74.5% |
| Furniture and vehicles | 24 | - | €1,372 | +€1,372 | |
| Financial fixed assets | 28 | €20,927 | €20,927 | = | 0.0% |
| Current assets | 29/58 | €352,778 | €194,430 | -€158,347 | -44.9% |
| Amounts receivable within one year | 40/41 | €157,250 | €157,139 | -€110 | -0.1% |
| Trade receivables | 40 | €157,250 | €123,389 | -€33,860 | -21.5% |
| Other amounts receivable | 41 | - | €33,750 | +€33,750 | |
| Cash at bank and in hand | 54/58 | €195,528 | €37,291 | -€158,237 | -80.9% |
| Total equity and liabilities | 10/49 | €385,069 | €221,730 | -€163,339 | -42.4% |
| Equity | 10/15 | €352,162 | €134,110 | -€218,052 | -61.9% |
| Contributions | 10/11 | €140,000 | €140,000 | = | 0.0% |
| Capital | 10 | €140,000 | €140,000 | = | 0.0% |
| Issued capital | 100 | €140,000 | €140,000 | = | 0.0% |
| Reserves | 13 | €100,323 | €323 | -€100,000 | -99.7% |
| Non-distributable reserves | 130/1 | €323 | €323 | = | 0.0% |
| Legal reserve | 130 | €323 | €323 | = | 0.0% |
| Distributable reserves | 133 | €100,000 | - | -€100,000 | |
| Profit (loss) carried forward | 14 | €111,839 | -€6,213 | -€118,052 | |
| Amounts payable | 17/49 | €32,907 | €87,620 | +€54,712 | +166% |
| Amounts payable within one year | 42/48 | €32,907 | €87,620 | +€54,712 | +166% |
| Trade debts | 44 | €29,452 | €37,521 | +€8,068 | +27.4% |
| Suppliers | 440/4 | €29,452 | €37,521 | +€8,068 | +27.4% |
| Taxes, remuneration and social security | 45 | €1,181 | - | -€1,181 | |
| Taxes | 450/3 | €1,181 | - | -€1,181 | |
| Other amounts payable | 47/48 | €2,274 | €50,099 | +€47,826 | +2,103% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,138 | €4,992 | -€1,146 | -18.7% |
| Other operating charges | 640/8 | €5,805 | €5,427 | -€378 | -6.5% |
| Gross operating margin | 9900 | -€1,348 | -€151,227 | -€149,879 | -11,119% |
| Operating profit (loss) | 9901 | -€13,291 | -€161,646 | -€148,355 | -1,116% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €23,934 | €6,406 | -€17,527 | -73.2% |
| Recurring financial charges | 65 | €23,934 | €6,406 | -€17,527 | -73.2% |
| Profit (loss) for the period before taxes | 9903 | -€37,225 | -€168,052 | -€130,827 | -351% |
| Profit (loss) for the period | 9904 | -€37,225 | -€168,052 | -€130,827 | -351% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,225 | -€168,052 | -€130,827 | -351% |
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 16 October 2026 via checked.be.