JUBOVAN: 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.
JUBOVAN
Largest movements
- Receivables within one year -€37,463
down €37,463 (-68.7%), from €54,565 to €17,102
- Tangible fixed assets -€29,795
down €29,795 (-3.5%), from €863,489 to €833,694
of which Land and buildings: -€29,795
- Cash -€11,921
down €11,921 (-37.4%), from €31,890 to €19,969
mainly Other debts (-€59,377) and Debts after one year (-€16,637)
- Deferred charges and accrued income +€10,069
up €10,069 (+110.1%), from €9,145 to €19,213
- Other debts -€59,377
down €59,377 (-11.7%), from €509,493 to €450,116
- Reserves +€21,629
up €21,629 (+8.5%), from €255,602 to €277,231
of which Distributable reserves: +€26,455
- Debts after one year -€16,637
down €16,637 (-19.5%), from €85,402 to €68,765
- Tax, wage and social debts -€13,513
down €13,513 (-100.0%), from €13,513 to €0
- Gross operating margin -€58,619
down €58,619 (-46.7%), from €125,624 to €67,005
- Taxes -€33,310
down €33,310 (-74.2%), from €44,873 to €11,562
- Depreciation -€4,100
down €4,100 (-12.1%), from €33,895 to €29,795
- Other operating charges -€3,421
down €3,421 (-64.6%), from €5,296 to €1,875
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 | €959,089 | €889,978 | -€69,110 | -7.2% |
| Fixed assets | 21/28 | €863,489 | €833,694 | -€29,795 | -3.5% |
| Tangible fixed assets | 22/27 | €863,489 | €833,694 | -€29,795 | -3.5% |
| Land and buildings | 22 | €863,489 | €833,694 | -€29,795 | -3.5% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €95,600 | €56,284 | -€39,316 | -41.1% |
| Amounts receivable within one year | 40/41 | €54,565 | €17,102 | -€37,463 | -68.7% |
| Other amounts receivable | 41 | €54,565 | €17,102 | -€37,463 | -68.7% |
| Cash at bank and in hand | 54/58 | €31,890 | €19,969 | -€11,921 | -37.4% |
| Deferred charges and accrued income | 490/1 | €9,145 | €19,213 | +€10,069 | +110.1% |
| Total equity and liabilities | 10/49 | €959,089 | €889,978 | -€69,110 | -7.2% |
| Equity | 10/15 | €274,194 | €295,823 | +€21,629 | +7.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €255,602 | €277,231 | +€21,629 | +8.5% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €141,779 | €136,953 | -€4,827 | -3.4% |
| Distributable reserves | 133 | €111,964 | €138,419 | +€26,455 | +23.6% |
| Provisions and deferred taxes | 16 | €56,729 | €54,701 | -€2,027 | -3.6% |
| Deferred taxes | 168 | €56,729 | €54,701 | -€2,027 | -3.6% |
| Amounts payable | 17/49 | €628,166 | €539,454 | -€88,712 | -14.1% |
| Amounts payable after more than one year | 17 | €85,402 | €68,765 | -€16,637 | -19.5% |
| Financial debts | 170/4 | €85,402 | €68,765 | -€16,637 | -19.5% |
| Amounts payable within one year | 42/48 | €541,421 | €470,689 | -€70,733 | -13.1% |
| Current portion of amounts payable after more than one year | 42 | €16,074 | €16,637 | +€563 | +3.5% |
| Trade debts | 44 | €2,342 | €3,936 | +€1,594 | +68.0% |
| Suppliers | 440/4 | €2,342 | €3,936 | +€1,594 | +68.0% |
| Taxes, remuneration and social security | 45 | €13,513 | €0 | -€13,513 | -100.0% |
| Taxes | 450/3 | €13,513 | €0 | -€13,513 | -100.0% |
| Other amounts payable | 47/48 | €509,493 | €450,116 | -€59,377 | -11.7% |
| Accrued charges and deferred income | 492/3 | €1,342 | €0 | -€1,342 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,895 | €29,795 | -€4,100 | -12.1% |
| Other operating charges | 640/8 | €5,296 | €1,875 | -€3,421 | -64.6% |
| Gross operating margin | 9900 | €125,624 | €67,005 | -€58,619 | -46.7% |
| Operating profit (loss) | 9901 | €86,433 | €35,335 | -€51,098 | -59.1% |
| Financial income | 75/76B | €86 | €86 | +€0 | +0.2% |
| Recurring financial income | 75 | €86 | €86 | +€0 | +0.2% |
| Financial charges | 65/66B | €5,064 | €4,258 | -€806 | -15.9% |
| Recurring financial charges | 65 | €5,064 | €4,258 | -€806 | -15.9% |
| Profit (loss) for the period before taxes | 9903 | €81,455 | €31,164 | -€50,291 | -61.7% |
| Transfer from deferred taxes | 780 | €2,027 | €2,027 | = | 0.0% |
| Income taxes | 67/77 | €44,873 | €11,562 | -€33,310 | -74.2% |
| Profit (loss) for the period | 9904 | €38,610 | €21,629 | -€16,981 | -44.0% |
| Transfer from tax-exempt reserves | 789 | €4,827 | €4,827 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €43,436 | €26,455 | -€16,981 | -39.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.