Jubolo: what changed
Two fiscal 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.
Jubolo
Largest movements
- Cash -€472,450
down €472,450 (-90.9%), from €519,781 to €47,330
mainly Contributions, distributions and other (-€1.0m) and Investment in fixed assets (net) (-€479,500)
- Tangible fixed assets +€375,503
up €375,503 (+42.8%), from €876,749 to €1.3m
of which Land and buildings: +€393,806
- Receivables within one year +€41,140
up €41,140 (+84.5%), from €48,696 to €89,835
of which Trade receivables: +€23,393
- Reserves -€406,713
down €406,713 (-51.0%), from €797,229 to €390,516
of which Distributable reserves: -€406,713
- Debts after one year +€263,980
up €263,980 (+51.2%), from €515,572 to €779,551
- Other debts +€49,721
up €49,721 (+2061.2%), from €2,412 to €52,133
- Current portion of long-term debt +€20,379
up €20,379 (+39.5%), from €51,641 to €72,020
- Tax, wage and social debts +€20,302
up €20,302 (+35.9%), from €56,541 to €76,843
of which Taxes: +€21,903
- Gross operating margin +€399,784
up €399,784 (+79.7%), from €501,502 to €901,285
- Taxes +€87,968
up €87,968 (+83.9%), from €104,893 to €192,861
- Depreciation +€52,524
up €52,524 (+102.0%), from €51,473 to €103,997
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.
Cash bridge derived
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 | €1,448,818 | €1,392,180 | -€56,638 | -3.9% |
| Fixed assets | 21/28 | €876,749 | €1,252,252 | +€375,503 | +42.8% |
| Tangible fixed assets | 22/27 | €876,749 | €1,252,252 | +€375,503 | +42.8% |
| Land and buildings | 22 | €811,067 | €1,204,874 | +€393,806 | +48.6% |
| Furniture and vehicles | 24 | €65,682 | €47,379 | -€18,303 | -27.9% |
| Current assets | 29/58 | €572,069 | €139,928 | -€432,141 | -75.5% |
| Amounts receivable within one year | 40/41 | €48,696 | €89,835 | +€41,140 | +84.5% |
| Trade receivables | 40 | €45,950 | €69,343 | +€23,393 | +50.9% |
| Other amounts receivable | 41 | €2,746 | €20,492 | +€17,746 | +646.3% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €519,781 | €47,330 | -€472,450 | -90.9% |
| Deferred charges and accrued income | 490/1 | €3,593 | €2,762 | -€831 | -23.1% |
| Total equity and liabilities | 10/49 | €1,448,818 | €1,392,180 | -€56,638 | -3.9% |
| Equity | 10/15 | €815,829 | €409,116 | -€406,713 | -49.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €797,229 | €390,516 | -€406,713 | -51.0% |
| Tax-exempt reserves | 132 | €252,600 | €252,600 | = | 0.0% |
| Distributable reserves | 133 | €544,629 | €137,916 | -€406,713 | -74.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €632,989 | €983,064 | +€350,075 | +55.3% |
| Amounts payable after more than one year | 17 | €515,572 | €779,551 | +€263,980 | +51.2% |
| Financial debts | 170/4 | €515,572 | €779,551 | +€263,980 | +51.2% |
| Amounts payable within one year | 42/48 | €117,266 | €203,513 | +€86,247 | +73.5% |
| Current portion of amounts payable after more than one year | 42 | €51,641 | €72,020 | +€20,379 | +39.5% |
| Trade debts | 44 | €6,671 | €2,516 | -€4,155 | -62.3% |
| Suppliers | 440/4 | €6,671 | €2,516 | -€4,155 | -62.3% |
| Taxes, remuneration and social security | 45 | €56,541 | €76,843 | +€20,302 | +35.9% |
| Taxes | 450/3 | €53,172 | €75,075 | +€21,903 | +41.2% |
| Remuneration and social security | 454/9 | €3,369 | €1,768 | -€1,601 | -47.5% |
| Other amounts payable | 47/48 | €2,412 | €52,133 | +€49,721 | +2061.2% |
| Accrued charges and deferred income | 492/3 | €152 | €0 | -€152 | -100.0% |
| Non-recurring operating income | 76A | €60 | €0 | -€60 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,473 | €103,997 | +€52,524 | +102.0% |
| Other operating charges | 640/8 | €5,089 | €5,801 | +€712 | +14.0% |
| Gross operating margin | 9900 | €501,502 | €901,285 | +€399,784 | +79.7% |
| Operating profit (loss) | 9901 | €444,939 | €791,487 | +€346,547 | +77.9% |
| Financial income | 75/76B | €5,283 | €2,025 | -€3,258 | -61.7% |
| Recurring financial income | 75 | €5,283 | €2,025 | -€3,258 | -61.7% |
| Financial charges | 65/66B | €7,632 | €7,363 | -€269 | -3.5% |
| Recurring financial charges | 65 | €7,632 | €7,363 | -€269 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | €442,590 | €786,148 | +€343,558 | +77.6% |
| Income taxes | 67/77 | €104,893 | €192,861 | +€87,968 | +83.9% |
| Profit (loss) for the period | 9904 | €337,697 | €593,287 | +€255,590 | +75.7% |
| Transfer to tax-exempt reserves | 689 | €134,720 | €0 | -€134,720 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €202,977 | €593,287 | +€390,310 | +192.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.