JUBLOU: 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.
JUBLOU
Largest movements
- Current investments +€1.2m
new in 2025: €1.2m
- Stocks and contracts -€1.0m
down €1.0m (-100%), from €1.0m to €0
- Cash -€510,308
down €510,308 (-85.3%), from €597,940 to €87,632
mainly Current investments (-€1.2m) and Trade debts (-€515,667)
- Receivables within one year -€272,016
down €272,016 (-77.4%), from €351,402 to €79,386
of which Trade receivables: -€349,982
- Trade debts -€515,667
down €515,667 (-100.0%), from €515,832 to €166
- Reserves -€90,644
down €90,644 (-6.5%), from €1.4m to €1.3m
of which Distributable reserves: -€90,644
- Tax, wage and social debts -€30,930
down €30,930 (-50.6%), from €61,107 to €30,177
of which Remuneration and social security: -€29,366
- Gross operating margin -€280,715
down €280,715 (-90.0%), from €311,990 to €31,275
- Staff costs -€211,837
down €211,837 (-78.9%), from €268,639 to €56,802
- Financial income -€69,295
down €69,295 (-77.6%), from €89,337 to €20,042
- Taxes -€40,722
down €40,722 (-98.9%), from €41,174 to €452
- Write-downs +€4,036
new in 2025: €4,036
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 | €2,048,419 | €1,424,220 | -€624,199 | -30.5% |
| Fixed assets | 21/28 | €49,952 | €51,963 | +€2,012 | +4.0% |
| Tangible fixed assets | 22/27 | €49,952 | €51,963 | +€2,012 | +4.0% |
| Land and buildings | 22 | €48,804 | €48,804 | = | 0.0% |
| Furniture and vehicles | 24 | €1,148 | €3,159 | +€2,012 | +175% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €1,998,467 | €1,372,256 | -€626,211 | -31.3% |
| Stocks and contracts in progress | 3 | €1,036,548 | €0 | -€1.0m | -100% |
| Stocks | 30/36 | €1,036,548 | €0 | -€1.0m | -100% |
| Amounts receivable within one year | 40/41 | €351,402 | €79,386 | -€272,016 | -77.4% |
| Trade receivables | 40 | €350,768 | €786 | -€349,982 | -99.8% |
| Other amounts receivable | 41 | €634 | €78,601 | +€77,967 | +12,295% |
| Current investments | 50/53 | - | €1,202,184 | +€1.2m | |
| Cash at bank and in hand | 54/58 | €597,940 | €87,632 | -€510,308 | -85.3% |
| Deferred charges and accrued income | 490/1 | €12,577 | €3,054 | -€9,523 | -75.7% |
| Total equity and liabilities | 10/49 | €2,048,419 | €1,424,220 | -€624,199 | -30.5% |
| Equity | 10/15 | €1,444,521 | €1,353,877 | -€90,644 | -6.3% |
| Contributions | 10/11 | €47,706 | €47,706 | = | 0.0% |
| Reserves | 13 | €1,396,815 | €1,306,171 | -€90,644 | -6.5% |
| Non-distributable reserves | 130/1 | €6,009 | €6,009 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,009 | €6,009 | = | 0.0% |
| Distributable reserves | 133 | €1,390,806 | €1,300,162 | -€90,644 | -6.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €603,898 | €70,342 | -€533,555 | -88.4% |
| Amounts payable within one year | 42/48 | €603,898 | €70,342 | -€533,555 | -88.4% |
| Trade debts | 44 | €515,832 | €166 | -€515,667 | -100.0% |
| Suppliers | 440/4 | €515,832 | €166 | -€515,667 | -100.0% |
| Taxes, remuneration and social security | 45 | €61,107 | €30,177 | -€30,930 | -50.6% |
| Taxes | 450/3 | €31,741 | €30,177 | -€1,565 | -4.9% |
| Remuneration and social security | 454/9 | €29,366 | €0 | -€29,366 | -100% |
| Other amounts payable | 47/48 | €26,958 | €40,000 | +€13,042 | +48.4% |
| Non-recurring operating income | 76A | €1,343 | €35,373 | +€34,030 | +2,533% |
| Remuneration, social security and pensions | 62 | €268,639 | €56,802 | -€211,837 | -78.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €973 | €2,300 | +€1,327 | +136% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,036 | +€4,036 | |
| Other operating charges | 640/8 | €5,306 | €5,015 | -€291 | -5.5% |
| Gross operating margin | 9900 | €311,990 | €31,275 | -€280,715 | -90.0% |
| Operating profit (loss) | 9901 | €37,072 | -€36,879 | -€73,951 | |
| Financial income | 75/76B | €89,337 | €20,042 | -€69,295 | -77.6% |
| Recurring financial income | 75 | €89,337 | €20,042 | -€69,295 | -77.6% |
| Financial charges | 65/66B | €736 | €1,926 | +€1,191 | +162% |
| Recurring financial charges | 65 | €736 | €1,926 | +€1,191 | +162% |
| Profit (loss) for the period before taxes | 9903 | €125,673 | -€18,764 | -€144,436 | |
| Income taxes | 67/77 | €41,174 | €452 | -€40,722 | -98.9% |
| Profit (loss) for the period | 9904 | €84,499 | -€19,215 | -€103,714 | |
| Profit (loss) for the period to be appropriated | 9905 | €84,499 | -€19,215 | -€103,714 |
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 26 October 2026 via checked.be.