JUDOTHO: 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.
JUDOTHO
Largest movements
- Tangible fixed assets +€149,114
up €149,114 (+4.7%), from €3.2m to €3.3m
of which Land and buildings: +€154,320
- Receivables within one year +€116,000
up €116,000 (+1940.1%), from €5,979 to €121,979
- Cash -€41,693
down €41,693 (-45.6%), from €91,468 to €49,775
mainly Investment in fixed assets (net) (-€244,146) and Provisions (-€171,006)
- Other debts +€256,990
up €256,990 (+466.0%), from €55,152 to €312,142
- Tax, wage and social debts +€214,855
new in 2025: €214,855
- Provisions -€171,006
no longer reported in 2025 (was €171,006)
- Reserves -€51,106
down €51,106 (-3.9%), from €1.3m to €1.3m
of which Tax-exempt reserves: -€513,017
- Debts after one year -€40,419
down €40,419 (-10.2%), from €396,953 to €356,534
- Taxes +€214,818
up €214,818 (+580589.2%), from €37 to €214,855
- Gross operating margin +€107,442
up €107,442 (+1020.9%), from €10,524 to €117,966
- Financial income -€20,555
no longer reported in 2025 (was €20,555)
- Depreciation +€20,539
up €20,539 (+27.6%), from €74,493 to €95,032
- Financial charges +€16,884
up €16,884 (+240.0%), from €7,034 to €23,918
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 | €3,287,952 | €3,511,265 | +€223,313 | +6.8% |
| Fixed assets | 21/28 | €3,189,281 | €3,338,395 | +€149,114 | +4.7% |
| Tangible fixed assets | 22/27 | €3,189,281 | €3,338,395 | +€149,114 | +4.7% |
| Land and buildings | 22 | €3,090,985 | €3,245,305 | +€154,320 | +5.0% |
| Plant, machinery and equipment | 23 | €59,658 | €64,649 | +€4,991 | +8.4% |
| Furniture and vehicles | 24 | €38,638 | €28,441 | -€10,197 | -26.4% |
| Current assets | 29/58 | €98,671 | €172,870 | +€74,199 | +75.2% |
| Amounts receivable within one year | 40/41 | €5,979 | €121,979 | +€116,000 | +1940.1% |
| Other amounts receivable | 41 | €5,979 | €121,979 | +€116,000 | +1940.1% |
| Cash at bank and in hand | 54/58 | €91,468 | €49,775 | -€41,693 | -45.6% |
| Deferred charges and accrued income | 490/1 | €1,224 | €1,116 | -€108 | -8.8% |
| Total equity and liabilities | 10/49 | €3,287,952 | €3,511,265 | +€223,313 | +6.8% |
| Equity | 10/15 | €2,612,969 | €2,561,863 | -€51,106 | -2.0% |
| Contributions | 10/11 | €1,300,165 | €1,300,165 | = | 0.0% |
| Reserves | 13 | €1,312,804 | €1,261,698 | -€51,106 | -3.9% |
| Non-distributable reserves | 130/1 | €79,631 | €79,631 | = | 0.0% |
| Reserves not available under the articles | 1311 | €79,631 | €79,631 | = | 0.0% |
| Tax-exempt reserves | 132 | €513,017 | - | -€513,017 | |
| Distributable reserves | 133 | €720,156 | €1,182,067 | +€461,911 | +64.1% |
| Provisions and deferred taxes | 16 | €171,006 | - | -€171,006 | |
| Deferred taxes | 168 | €171,006 | - | -€171,006 | |
| Amounts payable | 17/49 | €503,977 | €949,402 | +€445,425 | +88.4% |
| Amounts payable after more than one year | 17 | €396,953 | €356,534 | -€40,419 | -10.2% |
| Financial debts | 170/4 | €396,953 | €356,534 | -€40,419 | -10.2% |
| Amounts payable within one year | 42/48 | €99,406 | €568,027 | +€468,621 | +471.4% |
| Financial debts | 43 | €39,797 | €40,498 | +€701 | +1.8% |
| Credit institutions | 430/8 | €39,797 | €40,498 | +€701 | +1.8% |
| Trade debts | 44 | €4,457 | €532 | -€3,925 | -88.1% |
| Suppliers | 440/4 | €4,457 | €532 | -€3,925 | -88.1% |
| Taxes, remuneration and social security | 45 | - | €214,855 | +€214,855 | |
| Taxes | 450/3 | - | €214,855 | +€214,855 | |
| Other amounts payable | 47/48 | €55,152 | €312,142 | +€256,990 | +466.0% |
| Accrued charges and deferred income | 492/3 | €7,618 | €24,841 | +€17,223 | +226.1% |
| Non-recurring operating income | 76A | - | €102,914 | +€102,914 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,493 | €95,032 | +€20,539 | +27.6% |
| Other operating charges | 640/8 | €6,289 | €6,272 | -€17 | -0.3% |
| Gross operating margin | 9900 | €10,524 | €117,966 | +€107,442 | +1020.9% |
| Operating profit (loss) | 9901 | -€70,258 | €16,662 | +€86,920 | |
| Financial income | 75/76B | €20,555 | - | -€20,555 | |
| Recurring financial income | 75 | €20,555 | - | -€20,555 | |
| Financial charges | 65/66B | €7,034 | €23,918 | +€16,884 | +240.0% |
| Recurring financial charges | 65 | €7,034 | €23,918 | +€16,884 | +240.0% |
| Profit (loss) for the period before taxes | 9903 | -€56,737 | -€7,256 | +€49,481 | +87.2% |
| Transfer from deferred taxes | 780 | €1,494 | €171,005 | +€169,511 | +11346.1% |
| Income taxes | 67/77 | €37 | €214,855 | +€214,818 | +580589.2% |
| Profit (loss) for the period | 9904 | -€55,280 | -€51,106 | +€4,174 | +7.6% |
| Transfer from tax-exempt reserves | 789 | €4,483 | €513,017 | +€508,534 | +11343.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€50,797 | €461,911 | +€512,708 |
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 4 October 2026 via checked.be.