JUDERO: 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.
JUDERO
Largest movements
- Tangible fixed assets -€18,543
down €18,543 (-19.1%), from €97,216 to €78,673
of which Land and buildings: -€19,552
- Cash +€15,960
up €15,960 (+4.6%), from €349,912 to €365,872
mainly Net result for the year (+€308,382) and Tax, wage and social debts (+€50,737)
- Receivables within one year +€8,757
new in 2025: €8,757
- Tax, wage and social debts +€50,737
up €50,737 (+43.0%), from €118,037 to €168,774
of which Taxes: +€45,554
- Trade debts -€26,835
down €26,835 (-45.8%), from €58,624 to €31,788
- Debts after one year -€16,328
no longer reported in 2025 (was €16,328)
- Current portion of long-term debt -€11,450
down €11,450 (-41.2%), from €27,777 to €16,328
- Profit (loss) carried forward +€8,382
up €8,382 (+4.1%), from €206,635 to €215,018
- Gross operating margin -€33,743
down €33,743 (-5.4%), from €629,650 to €595,907
- Staff costs -€11,870
down €11,870 (-7.6%), from €156,956 to €145,086
- Financial income +€8,264
new in 2025: €8,264
of which Financial income: +€8,264
- Taxes +€7,811
up €7,811 (+7.5%), from €104,113 to €111,923
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 | €459,489 | €463,849 | +€4,360 | +0.9% |
| Fixed assets | 21/28 | €97,610 | €79,067 | -€18,543 | -19.0% |
| Tangible fixed assets | 22/27 | €97,216 | €78,673 | -€18,543 | -19.1% |
| Land and buildings | 22 | €80,134 | €60,582 | -€19,552 | -24.4% |
| Plant, machinery and equipment | 23 | €11,012 | €14,552 | +€3,540 | +32.1% |
| Furniture and vehicles | 24 | €6,070 | €3,539 | -€2,530 | -41.7% |
| Financial fixed assets | 28 | €394 | €394 | = | 0.0% |
| Current assets | 29/58 | €361,879 | €384,782 | +€22,903 | +6.3% |
| Stocks and contracts in progress | 3 | €9,498 | €7,983 | -€1,515 | -16.0% |
| Stocks | 30/36 | €9,498 | €7,983 | -€1,515 | -16.0% |
| Amounts receivable within one year | 40/41 | - | €8,757 | +€8,757 | |
| Trade receivables | 40 | - | €8,757 | +€8,757 | |
| Cash at bank and in hand | 54/58 | €349,912 | €365,872 | +€15,960 | +4.6% |
| Deferred charges and accrued income | 490/1 | €2,468 | €2,169 | -€299 | -12.1% |
| Total equity and liabilities | 10/49 | €459,489 | €463,849 | +€4,360 | +0.9% |
| Equity | 10/15 | €235,744 | €244,126 | +€8,382 | +3.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €27,108 | €27,108 | = | 0.0% |
| Distributable reserves | 133 | €27,108 | €27,108 | = | 0.0% |
| Profit (loss) carried forward | 14 | €206,635 | €215,018 | +€8,382 | +4.1% |
| Amounts payable | 17/49 | €223,745 | €219,723 | -€4,022 | -1.8% |
| Amounts payable after more than one year | 17 | €16,328 | - | -€16,328 | |
| Financial debts | 170/4 | €16,328 | - | -€16,328 | |
| Amounts payable within one year | 42/48 | €207,417 | €219,723 | +€12,305 | +5.9% |
| Current portion of amounts payable after more than one year | 42 | €27,777 | €16,328 | -€11,450 | -41.2% |
| Trade debts | 44 | €58,624 | €31,788 | -€26,835 | -45.8% |
| Suppliers | 440/4 | €58,624 | €31,788 | -€26,835 | -45.8% |
| Taxes, remuneration and social security | 45 | €118,037 | €168,774 | +€50,737 | +43.0% |
| Taxes | 450/3 | €95,241 | €140,794 | +€45,554 | +47.8% |
| Remuneration and social security | 454/9 | €22,796 | €27,979 | +€5,183 | +22.7% |
| Other amounts payable | 47/48 | €2,980 | €2,834 | -€146 | -4.9% |
| Remuneration, social security and pensions | 62 | €156,956 | €145,086 | -€11,870 | -7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,399 | €26,986 | +€587 | +2.2% |
| Other operating charges | 640/8 | €11,918 | €10,066 | -€1,852 | -15.5% |
| Gross operating margin | 9900 | €629,650 | €595,907 | -€33,743 | -5.4% |
| Operating profit (loss) | 9901 | €434,378 | €413,769 | -€20,609 | -4.7% |
| Financial income | 75/76B | - | €8,264 | +€8,264 | |
| Recurring financial income | 75 | - | €8,264 | +€8,264 | |
| Non-recurring financial income | 76B | - | €8,264 | +€8,264 | |
| Financial charges | 65/66B | €1,706 | €1,728 | +€21 | +1.2% |
| Recurring financial charges | 65 | €1,706 | €1,728 | +€21 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | €432,671 | €420,306 | -€12,365 | -2.9% |
| Income taxes | 67/77 | €104,113 | €111,923 | +€7,811 | +7.5% |
| Profit (loss) for the period | 9904 | €328,559 | €308,382 | -€20,176 | -6.1% |
| Profit (loss) for the period to be appropriated | 9905 | €328,559 | €308,382 | -€20,176 | -6.1% |
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 8 October 2026 via checked.be.