JUDEC: 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.
JUDEC
Largest movements
- Cash +€43,986
up €43,986 (+37.0%), from €118,727 to €162,712
mainly Net result for the year (+€81,017) and Tax, wage and social debts (+€8,986)
- Receivables within one year +€42,923
up €42,923 (+4455.1%), from €963 to €43,886
- Profit (loss) carried forward +€81,017
up €81,017, from €0 to €81,017
- Tax, wage and social debts +€8,986
up €8,986 (+40.2%), from €22,350 to €31,336
- Other debts -€2,317
down €2,317 (-88.4%), from €2,621 to €304
- Gross operating margin +€45,969
up €45,969 (+79.6%), from €57,774 to €103,743
- Taxes +€9,415
up €9,415 (+82.2%), from €11,451 to €20,866
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 | €121,908 | €209,478 | +€87,571 | +71.8% |
| Fixed assets | 21/28 | €1,837 | €2,876 | +€1,039 | +56.6% |
| Tangible fixed assets | 22/27 | €1,837 | €2,876 | +€1,039 | +56.6% |
| Furniture and vehicles | 24 | €1,837 | €2,876 | +€1,039 | +56.6% |
| Current assets | 29/58 | €120,071 | €206,602 | +€86,532 | +72.1% |
| Amounts receivable within one year | 40/41 | €963 | €43,886 | +€42,923 | +4455.1% |
| Trade receivables | 40 | €963 | €43,886 | +€42,923 | +4455.1% |
| Cash at bank and in hand | 54/58 | €118,727 | €162,712 | +€43,986 | +37.0% |
| Deferred charges and accrued income | 490/1 | €381 | €4 | -€377 | -99.0% |
| Total equity and liabilities | 10/49 | €121,908 | €209,478 | +€87,571 | +71.8% |
| Equity | 10/15 | €94,368 | €175,385 | +€81,017 | +85.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €89,368 | €89,368 | = | 0.0% |
| Distributable reserves | 133 | €89,368 | €89,368 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €81,017 | +€81,017 | |
| Amounts payable | 17/49 | €27,539 | €34,093 | +€6,554 | +23.8% |
| Amounts payable within one year | 42/48 | €27,539 | €34,093 | +€6,554 | +23.8% |
| Trade debts | 44 | €2,568 | €2,453 | -€115 | -4.5% |
| Suppliers | 440/4 | €2,568 | €2,453 | -€115 | -4.5% |
| Taxes, remuneration and social security | 45 | €22,350 | €31,336 | +€8,986 | +40.2% |
| Taxes | 450/3 | €22,350 | €31,336 | +€8,986 | +40.2% |
| Other amounts payable | 47/48 | €2,621 | €304 | -€2,317 | -88.4% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €658 | €1,315 | +€657 | +99.8% |
| Other operating charges | 640/8 | €216 | €644 | +€428 | +198.8% |
| Gross operating margin | 9900 | €57,774 | €103,743 | +€45,969 | +79.6% |
| Operating profit (loss) | 9901 | €56,901 | €101,785 | +€44,884 | +78.9% |
| Financial income | 75/76B | €2 | €183 | +€181 | +11134.4% |
| Recurring financial income | 75 | €2 | €183 | +€181 | +11134.4% |
| Financial charges | 65/66B | €89 | €85 | -€3 | -3.5% |
| Recurring financial charges | 65 | €89 | €85 | -€3 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | €56,814 | €101,883 | +€45,069 | +79.3% |
| Income taxes | 67/77 | €11,451 | €20,866 | +€9,415 | +82.2% |
| Profit (loss) for the period | 9904 | €45,363 | €81,017 | +€35,653 | +78.6% |
| Profit (loss) for the period to be appropriated | 9905 | €45,363 | €81,017 | +€35,653 | +78.6% |
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 7 October 2026 via checked.be.