JUDEBE: 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.
JUDEBE
Largest movements
- Deferred charges and accrued income +€145,185
new in 2025: €145,185
- Cash -€135,826
down €135,826 (-45.0%), from €301,541 to €165,715
mainly Deferred charges and accrued income (-€145,185) and Tax, wage and social debts (-€12,060)
- Reserves +€21,419
up €21,419 (+7.4%), from €288,508 to €309,927
of which Distributable reserves: +€21,419
- Tax, wage and social debts -€12,060
down €12,060 (-25.8%), from €46,766 to €34,706
- Financial charges +€72,851
new in 2025: €72,851
of which Non-recurring financial charges: +€72,592
- Taxes -€7,894
down €7,894 (-31.9%), from €24,766 to €16,872
- Gross operating margin +€1,493
up €1,493 (+1.3%), from €118,282 to €119,775
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 | €722,363 | €731,722 | +€9,359 | +1.3% |
| Fixed assets | 21/28 | €420,822 | €420,822 | = | 0.0% |
| Tangible fixed assets | 22/27 | €420,822 | €420,822 | = | 0.0% |
| Land and buildings | 22 | €420,822 | €420,822 | = | 0.0% |
| Current assets | 29/58 | €301,541 | €310,900 | +€9,359 | +3.1% |
| Cash at bank and in hand | 54/58 | €301,541 | €165,715 | -€135,826 | -45.0% |
| Deferred charges and accrued income | 490/1 | - | €145,185 | +€145,185 | |
| Total equity and liabilities | 10/49 | €722,363 | €731,722 | +€9,359 | +1.3% |
| Equity | 10/15 | €652,786 | €674,205 | +€21,419 | +3.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €302,278 | €302,278 | = | 0.0% |
| Reserves | 13 | €288,508 | €309,927 | +€21,419 | +7.4% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €282,308 | €303,727 | +€21,419 | +7.6% |
| Amounts payable | 17/49 | €69,577 | €57,517 | -€12,060 | -17.3% |
| Amounts payable within one year | 42/48 | €69,577 | €57,517 | -€12,060 | -17.3% |
| Taxes, remuneration and social security | 45 | €46,766 | €34,706 | -€12,060 | -25.8% |
| Taxes | 450/3 | €46,766 | €34,706 | -€12,060 | -25.8% |
| Other amounts payable | 47/48 | €22,811 | €22,811 | = | 0.0% |
| Other operating charges | 640/8 | €7,621 | €8,633 | +€1,012 | +13.3% |
| Gross operating margin | 9900 | €118,282 | €119,775 | +€1,493 | +1.3% |
| Operating profit (loss) | 9901 | €110,661 | €111,142 | +€481 | +0.4% |
| Financial charges | 65/66B | - | €72,851 | +€72,851 | |
| Recurring financial charges | 65 | - | €259 | +€259 | |
| Non-recurring financial charges | 66B | - | €72,592 | +€72,592 | |
| Profit (loss) for the period before taxes | 9903 | €110,661 | €38,291 | -€72,370 | -65.4% |
| Income taxes | 67/77 | €24,766 | €16,872 | -€7,894 | -31.9% |
| Profit (loss) for the period | 9904 | €85,895 | €21,419 | -€64,476 | -75.1% |
| Profit (loss) for the period to be appropriated | 9905 | €85,895 | €21,419 | -€64,476 | -75.1% |
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 12 October 2026 via checked.be.