JUDA: 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.
JUDA
Largest movements
- Cash -€5,231
down €5,231 (-42.1%), from €12,414 to €7,183
mainly Contributions, distributions and other (-€55,150) and Investment in fixed assets (net) (-€16,478)
- Receivables within one year +€4,758
up €4,758 (+10.9%), from €43,601 to €48,359
- Tangible fixed assets -€2,040
down €2,040 (-2.9%), from €71,088 to €69,049
of which Leasing and similar rights: -€3,576
- Deferred charges and accrued income -€1,519
down €1,519 (-30.4%), from €5,002 to €3,483
- Reserves -€55,150
down €55,150 (-74.5%), from €74,010 to €18,860
of which Distributable reserves: -€55,150
- Other debts +€55,150
new in 2025: €55,150
- Debts after one year -€11,961
down €11,961 (-28.9%), from €41,397 to €29,436
- Profit (loss) carried forward +€8,775
up €8,775 (+53.0%), from -€16,545 to -€7,769
- Current portion of long-term debt +€5,375
up €5,375 (+21.5%), from €24,950 to €30,325
- Gross operating margin -€2,591
down €2,591 (-4.0%), from €65,049 to €62,458
- Staff costs +€2,501
up €2,501 (+9.2%), from €27,149 to €29,650
- Financial charges +€2,341
up €2,341 (+154%), from €1,519 to €3,860
- Depreciation -€1,363
down €1,363 (-6.9%), from €19,765 to €18,403
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 | €141,482 | €138,553 | -€2,929 | -2.1% |
| Fixed assets | 21/28 | €72,782 | €70,857 | -€1,925 | -2.6% |
| Tangible fixed assets | 22/27 | €71,088 | €69,049 | -€2,040 | -2.9% |
| Plant, machinery and equipment | 23 | €55,387 | €53,730 | -€1,658 | -3.0% |
| Furniture and vehicles | 24 | €7,846 | €5,045 | -€2,801 | -35.7% |
| Leasing and similar rights | 25 | €5,477 | €1,901 | -€3,576 | -65.3% |
| Other tangible fixed assets | 26 | €2,378 | €8,373 | +€5,995 | +252% |
| Financial fixed assets | 28 | €1,694 | €1,808 | +€115 | +6.8% |
| Current assets | 29/58 | €68,700 | €67,696 | -€1,004 | -1.5% |
| Stocks and contracts in progress | 3 | €7,683 | €8,671 | +€988 | +12.9% |
| Stocks | 30/36 | €7,683 | €8,671 | +€988 | +12.9% |
| Amounts receivable within one year | 40/41 | €43,601 | €48,359 | +€4,758 | +10.9% |
| Other amounts receivable | 41 | €43,601 | €48,359 | +€4,758 | +10.9% |
| Cash at bank and in hand | 54/58 | €12,414 | €7,183 | -€5,231 | -42.1% |
| Deferred charges and accrued income | 490/1 | €5,002 | €3,483 | -€1,519 | -30.4% |
| Total equity and liabilities | 10/49 | €141,482 | €138,553 | -€2,929 | -2.1% |
| Equity | 10/15 | €63,841 | €17,467 | -€46,375 | -72.6% |
| Contributions | 10/11 | €6,376 | €6,376 | = | 0.0% |
| Reserves | 13 | €74,010 | €18,860 | -€55,150 | -74.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €74,010 | €18,860 | -€55,150 | -74.5% |
| Profit (loss) carried forward | 14 | -€16,545 | -€7,769 | +€8,775 | +53.0% |
| Amounts payable | 17/49 | €77,641 | €121,087 | +€43,446 | +56.0% |
| Amounts payable after more than one year | 17 | €41,397 | €29,436 | -€11,961 | -28.9% |
| Financial debts | 170/4 | €41,397 | €29,436 | -€11,961 | -28.9% |
| Amounts payable within one year | 42/48 | €36,244 | €91,651 | +€55,407 | +153% |
| Current portion of amounts payable after more than one year | 42 | €24,950 | €30,325 | +€5,375 | +21.5% |
| Trade debts | 44 | €7,912 | €3,274 | -€4,638 | -58.6% |
| Suppliers | 440/4 | €7,912 | €3,274 | -€4,638 | -58.6% |
| Taxes, remuneration and social security | 45 | €3,382 | €2,902 | -€480 | -14.2% |
| Taxes | 450/3 | €3,382 | €2,902 | -€480 | -14.2% |
| Other amounts payable | 47/48 | - | €55,150 | +€55,150 | |
| Remuneration, social security and pensions | 62 | €27,149 | €29,650 | +€2,501 | +9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,765 | €18,403 | -€1,363 | -6.9% |
| Other operating charges | 640/8 | €4,640 | €4,601 | -€39 | -0.8% |
| Gross operating margin | 9900 | €65,049 | €62,458 | -€2,591 | -4.0% |
| Operating profit (loss) | 9901 | €13,495 | €9,804 | -€3,691 | -27.3% |
| Financial income | 75/76B | €2,619 | €3,101 | +€482 | +18.4% |
| Recurring financial income | 75 | €2,619 | €3,101 | +€482 | +18.4% |
| Financial charges | 65/66B | €1,519 | €3,860 | +€2,341 | +154% |
| Recurring financial charges | 65 | €1,519 | €3,860 | +€2,341 | +154% |
| Profit (loss) for the period before taxes | 9903 | €14,595 | €9,046 | -€5,550 | -38.0% |
| Income taxes | 67/77 | €216 | €270 | +€55 | +25.4% |
| Profit (loss) for the period | 9904 | €14,380 | €8,775 | -€5,604 | -39.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,380 | €8,775 | -€5,604 | -39.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.