JUDHO: 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.
JUDHO
Largest movements
- Tangible fixed assets +€59,022
up €59,022 (+29.9%), from €197,303 to €256,325
of which Furniture and vehicles: +€59,022
- Cash +€22,647
up €22,647 (+9.0%), from €251,387 to €274,035
mainly Net result for the year (+€67,089) and Receivables within one year (+€15,033)
- Receivables within one year -€15,033
down €15,033 (-33.6%), from €44,804 to €29,772
of which Trade receivables: -€20,196
- Reserves +€67,089
up €67,089 (+6.7%), from €998,032 to €1.1m
- Financial income -€3,729
down €3,729 (-74.5%), from €5,006 to €1,277
- Gross operating margin -€3,048
down €3,048 (-3.1%), from €99,034 to €95,986
- Taxes -€2,673
down €2,673 (-9.3%), from €28,644 to €25,971
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 | €1,042,897 | €1,108,620 | +€65,724 | +6.3% |
| Fixed assets | 21/28 | €348,488 | €407,510 | +€59,022 | +16.9% |
| Tangible fixed assets | 22/27 | €197,303 | €256,325 | +€59,022 | +29.9% |
| Land and buildings | 22 | €193,903 | €193,903 | = | 0.0% |
| Furniture and vehicles | 24 | €3,400 | €62,422 | +€59,022 | +1735.9% |
| Financial fixed assets | 28 | €151,185 | €151,185 | = | 0.0% |
| Current assets | 29/58 | €694,409 | €701,110 | +€6,701 | +1.0% |
| Amounts receivable within one year | 40/41 | €44,804 | €29,772 | -€15,033 | -33.6% |
| Trade receivables | 40 | €20,196 | - | -€20,196 | |
| Other amounts receivable | 41 | €24,608 | €29,772 | +€5,164 | +21.0% |
| Current investments | 50/53 | €396,292 | €396,292 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €251,387 | €274,035 | +€22,647 | +9.0% |
| Deferred charges and accrued income | 490/1 | €1,925 | €1,012 | -€913 | -47.4% |
| Total equity and liabilities | 10/49 | €1,042,897 | €1,108,620 | +€65,724 | +6.3% |
| Equity | 10/15 | €1,016,632 | €1,083,721 | +€67,089 | +6.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €998,032 | €1,065,121 | +€67,089 | +6.7% |
| Distributable reserves | 133 | €998,032 | €1,065,121 | +€67,089 | +6.7% |
| Amounts payable | 17/49 | €26,264 | €24,899 | -€1,365 | -5.2% |
| Amounts payable within one year | 42/48 | €26,264 | €24,899 | -€1,365 | -5.2% |
| Trade debts | 44 | €10,553 | €13,832 | +€3,278 | +31.1% |
| Suppliers | 440/4 | €10,553 | €13,832 | +€3,278 | +31.1% |
| Taxes, remuneration and social security | 45 | €11,271 | €6,628 | -€4,643 | -41.2% |
| Taxes | 450/3 | €11,271 | €6,628 | -€4,643 | -41.2% |
| Other amounts payable | 47/48 | €4,440 | €4,440 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,458 | €1,963 | +€505 | +34.6% |
| Other operating charges | 640/8 | €1,519 | €2,130 | +€611 | +40.2% |
| Gross operating margin | 9900 | €99,034 | €95,986 | -€3,048 | -3.1% |
| Operating profit (loss) | 9901 | €96,056 | €91,893 | -€4,164 | -4.3% |
| Financial income | 75/76B | €5,006 | €1,277 | -€3,729 | -74.5% |
| Recurring financial income | 75 | €5,006 | €1,277 | -€3,729 | -74.5% |
| Financial charges | 65/66B | €72 | €110 | +€38 | +53.2% |
| Recurring financial charges | 65 | €72 | €110 | +€38 | +53.2% |
| Profit (loss) for the period before taxes | 9903 | €100,990 | €93,059 | -€7,931 | -7.9% |
| Income taxes | 67/77 | €28,644 | €25,971 | -€2,673 | -9.3% |
| Profit (loss) for the period | 9904 | €72,346 | €67,089 | -€5,258 | -7.3% |
| Profit (loss) for the period to be appropriated | 9905 | €72,346 | €67,089 | -€5,258 | -7.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.