JUDICIUM: 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.
JUDICIUM
Largest movements
- Cash -€21,007
down €21,007 (-45.1%), from €46,626 to €25,619
mainly Investment in fixed assets (net) (-€15,683) and Debts after one year (-€14,229)
- Tangible fixed assets -€5,994
down €5,994 (-9.2%), from €65,164 to €59,170
of which Furniture and vehicles: -€15,898
- Receivables within one year +€2,869
up €2,869 (+6.8%), from €42,328 to €45,197
of which Trade receivables: +€9,685
- Deferred charges and accrued income +€2,036
up €2,036 (+12.9%), from €15,765 to €17,801
- Debts after one year -€14,229
down €14,229 (-39.0%), from €36,528 to €22,299
- Trade debts -€14,002
down €14,002 (-47.9%), from €29,242 to €15,240
- Other debts +€11,509
up €11,509 (+144%), from €8,018 to €19,527
- Tax, wage and social debts -€5,471
down €5,471 (-33.2%), from €16,474 to €11,003
of which Remuneration and social security: -€3,925
- Gross operating margin +€41,904
up €41,904 (+205%), from €20,397 to €62,301
- Staff costs -€18,174
down €18,174 (-33.2%), from €54,679 to €36,505
- Depreciation +€2,809
up €2,809 (+14.9%), from €18,868 to €21,677
- Financial charges -€1,796
down €1,796 (-61.8%), from €2,907 to €1,111
- Other operating charges -€1,470
down €1,470 (-49.4%), from €2,977 to €1,507
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 | €186,585 | €164,489 | -€22,096 | -11.8% |
| Fixed assets | 21/28 | €81,866 | €75,872 | -€5,994 | -7.3% |
| Tangible fixed assets | 22/27 | €65,164 | €59,170 | -€5,994 | -9.2% |
| Furniture and vehicles | 24 | €54,809 | €38,911 | -€15,898 | -29.0% |
| Other tangible fixed assets | 26 | €10,355 | €20,259 | +€9,904 | +95.6% |
| Financial fixed assets | 28 | €16,702 | €16,702 | = | 0.0% |
| Current assets | 29/58 | €104,719 | €88,617 | -€16,102 | -15.4% |
| Amounts receivable within one year | 40/41 | €42,328 | €45,197 | +€2,869 | +6.8% |
| Trade receivables | 40 | €30,554 | €40,239 | +€9,685 | +31.7% |
| Other amounts receivable | 41 | €11,774 | €4,958 | -€6,816 | -57.9% |
| Cash at bank and in hand | 54/58 | €46,626 | €25,619 | -€21,007 | -45.1% |
| Deferred charges and accrued income | 490/1 | €15,765 | €17,801 | +€2,036 | +12.9% |
| Total equity and liabilities | 10/49 | €186,585 | €164,489 | -€22,096 | -11.8% |
| Equity | 10/15 | €66,273 | €67,677 | +€1,404 | +2.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €72,260 | €72,260 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €70,400 | €70,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,587 | -€23,183 | +€1,404 | +5.7% |
| Amounts payable | 17/49 | €120,312 | €96,812 | -€23,500 | -19.5% |
| Amounts payable after more than one year | 17 | €36,528 | €22,299 | -€14,229 | -39.0% |
| Financial debts | 170/4 | €36,528 | €22,299 | -€14,229 | -39.0% |
| Amounts payable within one year | 42/48 | €76,357 | €67,232 | -€9,125 | -12.0% |
| Current portion of amounts payable after more than one year | 42 | €22,623 | €21,462 | -€1,161 | -5.1% |
| Trade debts | 44 | €29,242 | €15,240 | -€14,002 | -47.9% |
| Suppliers | 440/4 | €29,242 | €15,240 | -€14,002 | -47.9% |
| Taxes, remuneration and social security | 45 | €16,474 | €11,003 | -€5,471 | -33.2% |
| Taxes | 450/3 | €7,947 | €6,401 | -€1,546 | -19.5% |
| Remuneration and social security | 454/9 | €8,527 | €4,602 | -€3,925 | -46.0% |
| Other amounts payable | 47/48 | €8,018 | €19,527 | +€11,509 | +144% |
| Accrued charges and deferred income | 492/3 | €7,427 | €7,281 | -€146 | -2.0% |
| Remuneration, social security and pensions | 62 | €54,679 | €36,505 | -€18,174 | -33.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,868 | €21,677 | +€2,809 | +14.9% |
| Other operating charges | 640/8 | €2,977 | €1,507 | -€1,470 | -49.4% |
| Gross operating margin | 9900 | €20,397 | €62,301 | +€41,904 | +205% |
| Operating profit (loss) | 9901 | -€56,127 | €2,612 | +€58,739 | |
| Financial income | 75/76B | €181 | €90 | -€91 | -50.3% |
| Recurring financial income | 75 | €181 | €90 | -€91 | -50.3% |
| Financial charges | 65/66B | €2,907 | €1,111 | -€1,796 | -61.8% |
| Recurring financial charges | 65 | €2,907 | €1,111 | -€1,796 | -61.8% |
| Profit (loss) for the period before taxes | 9903 | -€58,853 | €1,591 | +€60,444 | |
| Income taxes | 67/77 | €193 | €187 | -€6 | -3.1% |
| Profit (loss) for the period | 9904 | -€59,046 | €1,404 | +€60,450 | |
| Profit (loss) for the period to be appropriated | 9905 | -€59,046 | €1,404 | +€60,450 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.