JUDE UP: 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.
JUDE UP
Largest movements
- Receivables within one year -€6,232
down €6,232 (-21.3%), from €29,234 to €23,003
of which Trade receivables: -€3,138
- Cash -€5,921
down €5,921 (-20.7%), from €28,664 to €22,743
mainly Other debts (-€21,085) and Deferred charges and accrued income (-€295)
- Tangible fixed assets -€1,504
down €1,504 (-18.5%), from €8,148 to €6,644
of which Furniture and vehicles: -€954
- Other debts -€21,085
down €21,085 (-99.7%), from €21,141 to €56
- Reserves +€6,697
up €6,697 (+28.5%), from €23,467 to €30,164
- Trade debts +€1,246
up €1,246 (+163.5%), from €762 to €2,008
- Gross operating margin -€5,793
down €5,793 (-32.2%), from €18,002 to €12,209
- Taxes -€1,425
down €1,425 (-31.4%), from €4,538 to €3,113
- Other operating charges -€1,420
down €1,420 (-70.9%), from €2,002 to €582
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 | €75,346 | €61,984 | -€13,362 | -17.7% |
| Fixed assets | 21/28 | €17,448 | €15,944 | -€1,504 | -8.6% |
| Tangible fixed assets | 22/27 | €8,148 | €6,644 | -€1,504 | -18.5% |
| Furniture and vehicles | 24 | €3,142 | €2,188 | -€954 | -30.4% |
| Other tangible fixed assets | 26 | €5,006 | €4,456 | -€550 | -11.0% |
| Financial fixed assets | 28 | €9,300 | €9,300 | = | 0.0% |
| Current assets | 29/58 | €57,898 | €46,040 | -€11,858 | -20.5% |
| Amounts receivable within one year | 40/41 | €29,234 | €23,003 | -€6,232 | -21.3% |
| Trade receivables | 40 | €25,734 | €22,596 | -€3,138 | -12.2% |
| Other amounts receivable | 41 | €3,500 | €406 | -€3,094 | -88.4% |
| Cash at bank and in hand | 54/58 | €28,664 | €22,743 | -€5,921 | -20.7% |
| Deferred charges and accrued income | 490/1 | - | €295 | +€295 | |
| Total equity and liabilities | 10/49 | €75,346 | €61,984 | -€13,362 | -17.7% |
| Equity | 10/15 | €43,467 | €50,164 | +€6,697 | +15.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €23,467 | €30,164 | +€6,697 | +28.5% |
| Distributable reserves | 133 | €23,467 | €30,164 | +€6,697 | +28.5% |
| Amounts payable | 17/49 | €31,878 | €11,820 | -€20,059 | -62.9% |
| Amounts payable after more than one year | 17 | €6,200 | €6,200 | = | 0.0% |
| Other amounts payable | 178/9 | €6,200 | €6,200 | = | 0.0% |
| Amounts payable within one year | 42/48 | €25,678 | €5,600 | -€20,078 | -78.2% |
| Trade debts | 44 | €762 | €2,008 | +€1,246 | +163.5% |
| Suppliers | 440/4 | €762 | €2,008 | +€1,246 | +163.5% |
| Taxes, remuneration and social security | 45 | €3,776 | €3,536 | -€239 | -6.3% |
| Taxes | 450/3 | €3,776 | €3,536 | -€239 | -6.3% |
| Other amounts payable | 47/48 | €21,141 | €56 | -€21,085 | -99.7% |
| Accrued charges and deferred income | 492/3 | - | €19 | +€19 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,611 | €1,504 | -€107 | -6.7% |
| Other operating charges | 640/8 | €2,002 | €582 | -€1,420 | -70.9% |
| Gross operating margin | 9900 | €18,002 | €12,209 | -€5,793 | -32.2% |
| Operating profit (loss) | 9901 | €14,389 | €10,122 | -€4,266 | -29.7% |
| Financial income | 75/76B | €6 | - | -€6 | |
| Recurring financial income | 75 | €6 | - | -€6 | |
| Financial charges | 65/66B | €176 | €312 | +€137 | +77.6% |
| Recurring financial charges | 65 | €176 | €312 | +€137 | +77.6% |
| Profit (loss) for the period before taxes | 9903 | €14,219 | €9,810 | -€4,409 | -31.0% |
| Income taxes | 67/77 | €4,538 | €3,113 | -€1,425 | -31.4% |
| Profit (loss) for the period | 9904 | €9,681 | €6,697 | -€2,984 | -30.8% |
| Profit (loss) for the period to be appropriated | 9905 | €9,681 | €6,697 | -€2,984 | -30.8% |
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 2 October 2026 via checked.be.