JUCW MANAGEMENT: 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.
JUCW MANAGEMENT
Largest movements
- Receivables after one year +€130,500
up €130,500 (+100%), from €130,000 to €260,500
- Cash +€64,139
up €64,139 (+67.0%), from €95,754 to €159,893
mainly Other debts (+€480,693) and Net result for the year (+€171,685)
- Receivables within one year -€24,702
down €24,702 (-86.6%), from €28,512 to €3,810
- Deferred charges and accrued income -€10,000
down €10,000 (-12.0%), from €83,333 to €73,333
- Other debts +€480,693
new in 2025: €480,693
- Reserves -€308,106
no longer reported in 2025 (was €308,106)
- Tax, wage and social debts -€12,378
down €12,378 (-37.8%), from €32,779 to €20,401
- Gross operating margin +€41,295
up €41,295 (+22.5%), from €183,443 to €224,738
- Taxes +€8,183
up €8,183 (+19.0%), from €43,007 to €51,190
- Financial income -€7,781
no longer reported in 2025 (was €7,781)
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.
Derived cash bridge
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 | €344,054 | €504,408 | +€160,354 | +46.6% |
| Fixed assets | 21/28 | €6,455 | €6,872 | +€417 | +6.5% |
| Tangible fixed assets | 22/27 | €6,455 | €6,872 | +€417 | +6.5% |
| Furniture and vehicles | 24 | €3,024 | €3,803 | +€778 | +25.7% |
| Other tangible fixed assets | 26 | €3,430 | €3,069 | -€361 | -10.5% |
| Current assets | 29/58 | €337,600 | €497,536 | +€159,937 | +47.4% |
| Amounts receivable after more than one year | 29 | €130,000 | €260,500 | +€130,500 | +100% |
| Other amounts receivable | 291 | €130,000 | €260,500 | +€130,500 | +100% |
| Amounts receivable within one year | 40/41 | €28,512 | €3,810 | -€24,702 | -86.6% |
| Other amounts receivable | 41 | €28,512 | €3,810 | -€24,702 | -86.6% |
| Cash at bank and in hand | 54/58 | €95,754 | €159,893 | +€64,139 | +67.0% |
| Deferred charges and accrued income | 490/1 | €83,333 | €73,333 | -€10,000 | -12.0% |
| Total equity and liabilities | 10/49 | €344,054 | €504,408 | +€160,354 | +46.6% |
| Equity | 10/15 | €311,106 | €3,000 | -€308,106 | -99.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €308,106 | - | -€308,106 | |
| Distributable reserves | 133 | €308,106 | - | -€308,106 | |
| Amounts payable | 17/49 | €32,948 | €501,408 | +€468,460 | +1,422% |
| Amounts payable within one year | 42/48 | €32,948 | €501,408 | +€468,460 | +1,422% |
| Trade debts | 44 | €169 | €315 | +€145 | +85.7% |
| Suppliers | 440/4 | €169 | €315 | +€145 | +85.7% |
| Taxes, remuneration and social security | 45 | €32,779 | €20,401 | -€12,378 | -37.8% |
| Taxes | 450/3 | €32,779 | €20,401 | -€12,378 | -37.8% |
| Other amounts payable | 47/48 | - | €480,693 | +€480,693 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €402 | €930 | +€528 | +131% |
| Other operating charges | 640/8 | €540 | - | -€540 | |
| Gross operating margin | 9900 | €183,443 | €224,738 | +€41,295 | +22.5% |
| Operating profit (loss) | 9901 | €182,502 | €223,808 | +€41,307 | +22.6% |
| Financial income | 75/76B | €7,781 | - | -€7,781 | |
| Recurring financial income | 75 | €7,781 | - | -€7,781 | |
| Financial charges | 65/66B | €832 | €933 | +€102 | +12.2% |
| Recurring financial charges | 65 | €832 | €933 | +€102 | +12.2% |
| Profit (loss) for the period before taxes | 9903 | €189,451 | €222,875 | +€33,424 | +17.6% |
| Income taxes | 67/77 | €43,007 | €51,190 | +€8,183 | +19.0% |
| Profit (loss) for the period | 9904 | €146,444 | €171,685 | +€25,241 | +17.2% |
| Profit (loss) for the period to be appropriated | 9905 | €146,444 | €171,685 | +€25,241 | +17.2% |
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 25 October 2026 via checked.be.