JUDEVA: 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.
JUDEVA
Largest movements
- Current investments -€64,386
down €64,386 (-29.3%), from €219,942 to €155,556
- Cash -€22,958
down €22,958 (-20.3%), from €113,351 to €90,393
mainly Other debts (-€97,932) and Debts after one year (-€12,294)
- Tangible fixed assets -€15,272
down €15,272 (-18.8%), from €81,242 to €65,970
of which Leasing and similar rights: -€16,002
- Other debts -€97,932
down €97,932 (-98.2%), from €99,717 to €1,785
- Debts after one year -€12,294
down €12,294 (-32.3%), from €38,110 to €25,816
- Reserves +€6,181
up €6,181 (+2.5%), from €247,806 to €253,987
- Gross operating margin -€12,831
down €12,831 (-36.3%), from €35,306 to €22,475
- Depreciation +€12,362
up €12,362 (+189%), from €6,529 to €18,891
- Taxes -€7,570
down €7,570 (-72.1%), from €10,505 to €2,935
- Financial income -€5,620
down €5,620 (-39.9%), from €14,068 to €8,448
of which Non-recurring financial income: -€5,086
- Staff costs +€396
up €396 (+239%), from €166 to €562
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 | €440,003 | €341,615 | -€98,388 | -22.4% |
| Fixed assets | 21/28 | €81,242 | €65,970 | -€15,272 | -18.8% |
| Tangible fixed assets | 22/27 | €81,242 | €65,970 | -€15,272 | -18.8% |
| Plant, machinery and equipment | 23 | €5,723 | €5,308 | -€415 | -7.3% |
| Furniture and vehicles | 24 | - | €1,145 | +€1,145 | |
| Leasing and similar rights | 25 | €75,519 | €59,517 | -€16,002 | -21.2% |
| Current assets | 29/58 | €358,761 | €275,645 | -€83,116 | -23.2% |
| Amounts receivable within one year | 40/41 | €23,077 | €27,323 | +€4,246 | +18.4% |
| Trade receivables | 40 | €10,091 | €13,684 | +€3,593 | +35.6% |
| Other amounts receivable | 41 | €12,986 | €13,639 | +€653 | +5.0% |
| Current investments | 50/53 | €219,942 | €155,556 | -€64,386 | -29.3% |
| Cash at bank and in hand | 54/58 | €113,351 | €90,393 | -€22,958 | -20.3% |
| Deferred charges and accrued income | 490/1 | €2,391 | €2,373 | -€18 | -0.8% |
| Total equity and liabilities | 10/49 | €440,003 | €341,615 | -€98,388 | -22.4% |
| Equity | 10/15 | €287,806 | €293,987 | +€6,181 | +2.1% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €247,806 | €253,987 | +€6,181 | +2.5% |
| Distributable reserves | 133 | €247,806 | €253,987 | +€6,181 | +2.5% |
| Amounts payable | 17/49 | €152,197 | €47,628 | -€104,569 | -68.7% |
| Amounts payable after more than one year | 17 | €38,110 | €25,816 | -€12,294 | -32.3% |
| Financial debts | 170/4 | €38,110 | €25,816 | -€12,294 | -32.3% |
| Amounts payable within one year | 42/48 | €114,087 | €21,812 | -€92,275 | -80.9% |
| Current portion of amounts payable after more than one year | 42 | €11,916 | €12,294 | +€378 | +3.2% |
| Trade debts | 44 | - | €3,573 | +€3,573 | |
| Suppliers | 440/4 | - | €3,573 | +€3,573 | |
| Taxes, remuneration and social security | 45 | €2,454 | €4,160 | +€1,706 | +69.5% |
| Taxes | 450/3 | €2,454 | €2,460 | +€6 | +0.2% |
| Remuneration and social security | 454/9 | - | €1,700 | +€1,700 | |
| Other amounts payable | 47/48 | €99,717 | €1,785 | -€97,932 | -98.2% |
| Remuneration, social security and pensions | 62 | €166 | €562 | +€396 | +239% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,529 | €18,891 | +€12,362 | +189% |
| Other operating charges | 640/8 | €968 | €1,080 | +€112 | +11.6% |
| Gross operating margin | 9900 | €35,306 | €22,475 | -€12,831 | -36.3% |
| Operating profit (loss) | 9901 | €27,643 | €1,942 | -€25,701 | -93.0% |
| Financial income | 75/76B | €14,068 | €8,448 | -€5,620 | -39.9% |
| Recurring financial income | 75 | €8,982 | €8,448 | -€534 | -5.9% |
| Non-recurring financial income | 76B | €5,086 | - | -€5,086 | |
| Financial charges | 65/66B | €1,334 | €1,272 | -€62 | -4.6% |
| Recurring financial charges | 65 | €1,334 | €1,272 | -€62 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | €40,377 | €9,118 | -€31,259 | -77.4% |
| Income taxes | 67/77 | €10,505 | €2,935 | -€7,570 | -72.1% |
| Profit (loss) for the period | 9904 | €29,872 | €6,183 | -€23,689 | -79.3% |
| Profit (loss) for the period to be appropriated | 9905 | €29,872 | €6,183 | -€23,689 | -79.3% |
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 17 October 2026 via checked.be.