JUCAM: 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.
JUCAM
Largest movements
- Receivables within one year +€28,418
up €28,418 (+86.3%), from €32,919 to €61,337
of which Other amounts receivable: +€26,278
- Current investments +€15,239
up €15,239 (+9.5%), from €160,505 to €175,744
- Cash +€9,067
up €9,067 (+376.6%), from €2,408 to €11,474
mainly Net result for the year (+€54,700) and Depreciation (+€7,076)
- Reserves +€48,300
up €48,300 (+27.0%), from €178,707 to €227,007
- Tax, wage and social debts +€6,078
up €6,078 (+44.8%), from €13,553 to €19,631
- Gross operating margin +€12,758
up €12,758 (+17.6%), from €72,450 to €85,209
- Taxes +€6,029
up €6,029 (+34.0%), from €17,739 to €23,768
- Depreciation -€3,618
down €3,618 (-33.8%), from €10,694 to €7,076
- Financial income +€1,527
up €1,527 (+163.5%), from €934 to €2,460
- Other operating charges -€960
down €960 (-35.0%), from €2,747 to €1,787
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 | €222,354 | €274,723 | +€52,369 | +23.6% |
| Fixed assets | 21/28 | €15,678 | €14,344 | -€1,334 | -8.5% |
| Tangible fixed assets | 22/27 | €14,978 | €13,644 | -€1,334 | -8.9% |
| Land and buildings | 22 | €404 | €202 | -€202 | -50.0% |
| Plant, machinery and equipment | 23 | €9,180 | €10,130 | +€950 | +10.3% |
| Furniture and vehicles | 24 | €5,394 | €3,312 | -€2,081 | -38.6% |
| Financial fixed assets | 28 | €700 | €700 | = | 0.0% |
| Current assets | 29/58 | €206,676 | €260,378 | +€53,703 | +26.0% |
| Stocks and contracts in progress | 3 | €8,392 | €7,986 | -€407 | -4.8% |
| Stocks | 30/36 | €8,392 | €7,986 | -€407 | -4.8% |
| Amounts receivable within one year | 40/41 | €32,919 | €61,337 | +€28,418 | +86.3% |
| Trade receivables | 40 | €18,075 | €20,215 | +€2,140 | +11.8% |
| Other amounts receivable | 41 | €14,843 | €41,122 | +€26,278 | +177.0% |
| Current investments | 50/53 | €160,505 | €175,744 | +€15,239 | +9.5% |
| Cash at bank and in hand | 54/58 | €2,408 | €11,474 | +€9,067 | +376.6% |
| Deferred charges and accrued income | 490/1 | €2,452 | €3,838 | +€1,386 | +56.5% |
| Total equity and liabilities | 10/49 | €222,354 | €274,723 | +€52,369 | +23.6% |
| Equity | 10/15 | €203,834 | €252,235 | +€48,400 | +23.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €178,707 | €227,007 | +€48,300 | +27.0% |
| Distributable reserves | 133 | €178,707 | €227,007 | +€48,300 | +27.0% |
| Profit (loss) carried forward | 14 | €6,527 | €6,627 | +€100 | +1.5% |
| Amounts payable | 17/49 | €18,520 | €22,488 | +€3,968 | +21.4% |
| Amounts payable within one year | 42/48 | €18,520 | €22,488 | +€3,968 | +21.4% |
| Financial debts | 43 | €541 | €555 | +€14 | +2.5% |
| Other loans | 439 | €541 | €555 | +€14 | +2.5% |
| Trade debts | 44 | €3,823 | €2,302 | -€1,521 | -39.8% |
| Suppliers | 440/4 | €3,823 | €2,302 | -€1,521 | -39.8% |
| Taxes, remuneration and social security | 45 | €13,553 | €19,631 | +€6,078 | +44.8% |
| Taxes | 450/3 | €13,553 | €19,631 | +€6,078 | +44.8% |
| Other amounts payable | 47/48 | €602 | €0 | -€602 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,694 | €7,076 | -€3,618 | -33.8% |
| Other operating charges | 640/8 | €2,747 | €1,787 | -€960 | -35.0% |
| Gross operating margin | 9900 | €72,450 | €85,209 | +€12,758 | +17.6% |
| Operating profit (loss) | 9901 | €59,009 | €76,346 | +€17,337 | +29.4% |
| Financial income | 75/76B | €934 | €2,460 | +€1,527 | +163.5% |
| Recurring financial income | 75 | €934 | €2,460 | +€1,527 | +163.5% |
| Financial charges | 65/66B | €160 | €337 | +€177 | +110.3% |
| Recurring financial charges | 65 | €160 | €337 | +€177 | +110.3% |
| Profit (loss) for the period before taxes | 9903 | €59,782 | €78,469 | +€18,687 | +31.3% |
| Income taxes | 67/77 | €17,739 | €23,768 | +€6,029 | +34.0% |
| Profit (loss) for the period | 9904 | €42,043 | €54,700 | +€12,658 | +30.1% |
| Profit (loss) for the period to be appropriated | 9905 | €42,043 | €54,700 | +€12,658 | +30.1% |
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 10 October 2026 via checked.be.