JUCOVA: 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.
JUCOVA
Largest movements
- Cash -€160,607
down €160,607 (-50.8%), from €316,373 to €155,766
mainly Trade debts (-€191,649) and Investment in fixed assets (net) (-€106,219)
- Financial fixed assets +€83,400
up €83,400 (+100.0%), from €83,400 to €166,800
- Receivables within one year +€70,228
up €70,228 (+303.9%), from €23,110 to €93,338
of which Trade receivables: +€45,054
- Stocks and contracts -€45,081
down €45,081 (-6.5%), from €688,342 to €643,261
- Tangible fixed assets -€26,667
down €26,667 (-10.5%), from €252,880 to €226,213
of which Furniture and vehicles: -€19,504
- Reserves +€201,194
up €201,194 (+81.5%), from €246,738 to €447,932
of which Distributable reserves: +€201,194
- Trade debts -€191,649
down €191,649 (-45.4%), from €422,198 to €230,549
- Short-term financial debts -€75,000
down €75,000 (-100.0%), from €75,000 to €0
- Accrued charges and deferred income -€17,892
down €17,892 (-100.0%), from €17,892 to €0
- Depreciation +€10,576
up €10,576 (+27.2%), from €38,910 to €49,485
- Financial charges +€4,890
up €4,890 (+1194.6%), from €409 to €5,300
- Taxes -€3,588
down €3,588 (-4.6%), from €77,538 to €73,950
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 | €1,364,878 | €1,290,780 | -€74,098 | -5.4% |
| Fixed assets | 21/28 | €336,280 | €393,013 | +€56,733 | +16.9% |
| Tangible fixed assets | 22/27 | €252,880 | €226,213 | -€26,667 | -10.5% |
| Land and buildings | 22 | €60,131 | €50,431 | -€9,699 | -16.1% |
| Plant, machinery and equipment | 23 | €131,396 | €133,932 | +€2,536 | +1.9% |
| Furniture and vehicles | 24 | €61,354 | €41,850 | -€19,504 | -31.8% |
| Financial fixed assets | 28 | €83,400 | €166,800 | +€83,400 | +100.0% |
| Current assets | 29/58 | €1,028,598 | €897,766 | -€130,832 | -12.7% |
| Stocks and contracts in progress | 3 | €688,342 | €643,261 | -€45,081 | -6.5% |
| Stocks | 30/36 | €688,342 | €643,261 | -€45,081 | -6.5% |
| Amounts receivable within one year | 40/41 | €23,110 | €93,338 | +€70,228 | +303.9% |
| Trade receivables | 40 | - | €45,054 | +€45,054 | |
| Other amounts receivable | 41 | €23,110 | €48,283 | +€25,174 | +108.9% |
| Cash at bank and in hand | 54/58 | €316,373 | €155,766 | -€160,607 | -50.8% |
| Deferred charges and accrued income | 490/1 | €773 | €5,401 | +€4,628 | +598.6% |
| Total equity and liabilities | 10/49 | €1,364,878 | €1,290,780 | -€74,098 | -5.4% |
| Equity | 10/15 | €672,913 | €873,589 | +€200,676 | +29.8% |
| Contributions | 10/11 | €422,550 | €422,550 | = | 0.0% |
| Reserves | 13 | €246,738 | €447,932 | +€201,194 | +81.5% |
| Non-distributable reserves | 130/1 | €42,255 | €42,255 | = | 0.0% |
| Reserves not available under the articles | 1311 | €42,255 | €42,255 | = | 0.0% |
| Distributable reserves | 133 | €204,483 | €405,677 | +€201,194 | +98.4% |
| Investment grants | 15 | €3,625 | €3,107 | -€518 | -14.3% |
| Amounts payable | 17/49 | €691,965 | €417,191 | -€274,774 | -39.7% |
| Amounts payable within one year | 42/48 | €674,072 | €417,191 | -€256,882 | -38.1% |
| Financial debts | 43 | €75,000 | €0 | -€75,000 | -100.0% |
| Credit institutions | 430/8 | €75,000 | €0 | -€75,000 | -100.0% |
| Trade debts | 44 | €422,198 | €230,549 | -€191,649 | -45.4% |
| Suppliers | 440/4 | €422,198 | €230,549 | -€191,649 | -45.4% |
| Taxes, remuneration and social security | 45 | €668 | €0 | -€668 | -100.0% |
| Taxes | 450/3 | €668 | €0 | -€668 | -100.0% |
| Other amounts payable | 47/48 | €176,206 | €186,642 | +€10,435 | +5.9% |
| Accrued charges and deferred income | 492/3 | €17,892 | €0 | -€17,892 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,910 | €49,485 | +€10,576 | +27.2% |
| Other operating charges | 640/8 | €12,607 | €9,374 | -€3,233 | -25.6% |
| Gross operating margin | 9900 | €335,069 | €334,346 | -€723 | -0.2% |
| Operating profit (loss) | 9901 | €283,552 | €275,487 | -€8,065 | -2.8% |
| Financial income | 75/76B | €6,320 | €4,957 | -€1,364 | -21.6% |
| Recurring financial income | 75 | €6,320 | €4,957 | -€1,364 | -21.6% |
| Financial charges | 65/66B | €409 | €5,300 | +€4,890 | +1194.6% |
| Recurring financial charges | 65 | €409 | €5,300 | +€4,890 | +1194.6% |
| Profit (loss) for the period before taxes | 9903 | €289,463 | €275,144 | -€14,319 | -4.9% |
| Income taxes | 67/77 | €77,538 | €73,950 | -€3,588 | -4.6% |
| Profit (loss) for the period | 9904 | €211,925 | €201,194 | -€10,731 | -5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €211,925 | €201,194 | -€10,731 | -5.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.