JUCLEG: 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.
JUCLEG
Largest movements
- Receivables within one year -€36,662
down €36,662 (-34.0%), from €107,760 to €71,098
of which Trade receivables: -€36,481
- Receivables after one year +€35,913
new in 2025: €35,913
- Tangible fixed assets +€32,037
up €32,037 (+5.0%), from €644,010 to €676,047
of which Land and buildings: +€33,104
- Cash +€21,715
up €21,715 (+40.3%), from €53,844 to €75,559
mainly Net result for the year (+€49,760) and Receivables within one year (+€36,662)
- Reserves +€49,750
up €49,750 (+13.6%), from €365,952 to €415,702
- Gross operating margin -€42,290
down €42,290 (-29.9%), from €141,428 to €99,138
- Taxes -€13,737
down €13,737 (-36.5%), from €37,665 to €23,928
- Depreciation +€1,503
up €1,503 (+8.3%), from €18,077 to €19,580
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 | €809,641 | €862,727 | +€53,086 | +6.6% |
| Fixed assets | 21/28 | €644,786 | €676,823 | +€32,037 | +5.0% |
| Tangible fixed assets | 22/27 | €644,010 | €676,047 | +€32,037 | +5.0% |
| Land and buildings | 22 | €640,084 | €673,188 | +€33,104 | +5.2% |
| Plant, machinery and equipment | 23 | €1,317 | €970 | -€347 | -26.3% |
| Furniture and vehicles | 24 | €2,610 | €1,889 | -€721 | -27.6% |
| Financial fixed assets | 28 | €776 | €776 | = | 0.0% |
| Current assets | 29/58 | €164,855 | €185,904 | +€21,049 | +12.8% |
| Amounts receivable after more than one year | 29 | - | €35,913 | +€35,913 | |
| Other amounts receivable | 291 | - | €35,913 | +€35,913 | |
| Amounts receivable within one year | 40/41 | €107,760 | €71,098 | -€36,662 | -34.0% |
| Trade receivables | 40 | €107,579 | €71,098 | -€36,481 | -33.9% |
| Other amounts receivable | 41 | €181 | €0 | -€181 | -100.0% |
| Cash at bank and in hand | 54/58 | €53,844 | €75,559 | +€21,715 | +40.3% |
| Deferred charges and accrued income | 490/1 | €3,251 | €3,333 | +€82 | +2.5% |
| Total equity and liabilities | 10/49 | €809,641 | €862,727 | +€53,086 | +6.6% |
| Equity | 10/15 | €742,762 | €792,522 | +€49,760 | +6.7% |
| Contributions | 10/11 | €376,783 | €376,783 | = | 0.0% |
| Reserves | 13 | €365,952 | €415,702 | +€49,750 | +13.6% |
| Distributable reserves | 133 | €365,952 | €415,702 | +€49,750 | +13.6% |
| Profit (loss) carried forward | 14 | €27 | €37 | +€10 | +37.8% |
| Amounts payable | 17/49 | €66,879 | €70,205 | +€3,326 | +5.0% |
| Amounts payable within one year | 42/48 | €66,879 | €70,205 | +€3,326 | +5.0% |
| Trade debts | 44 | €7,644 | €6,269 | -€1,374 | -18.0% |
| Suppliers | 440/4 | €7,644 | €6,269 | -€1,374 | -18.0% |
| Taxes, remuneration and social security | 45 | €10,716 | €15,732 | +€5,016 | +46.8% |
| Taxes | 450/3 | €10,716 | €15,732 | +€5,016 | +46.8% |
| Other amounts payable | 47/48 | €48,520 | €48,203 | -€317 | -0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,077 | €19,580 | +€1,503 | +8.3% |
| Other operating charges | 640/8 | €7,003 | €6,106 | -€896 | -12.8% |
| Gross operating margin | 9900 | €141,428 | €99,138 | -€42,290 | -29.9% |
| Operating profit (loss) | 9901 | €116,349 | €73,451 | -€42,897 | -36.9% |
| Financial income | 75/76B | €0 | €413 | +€413 | |
| Recurring financial income | 75 | €0 | €413 | +€413 | |
| Financial charges | 65/66B | €161 | €177 | +€16 | +9.9% |
| Recurring financial charges | 65 | €161 | €177 | +€16 | +9.9% |
| Profit (loss) for the period before taxes | 9903 | €116,188 | €73,688 | -€42,500 | -36.6% |
| Income taxes | 67/77 | €37,665 | €23,928 | -€13,737 | -36.5% |
| Profit (loss) for the period | 9904 | €78,523 | €49,760 | -€28,762 | -36.6% |
| Profit (loss) for the period to be appropriated | 9905 | €78,523 | €49,760 | -€28,762 | -36.6% |
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 4 October 2026 via checked.be.