JUDRAMES: 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.
JUDRAMES
Largest movements
- Cash -€101,266
down €101,266 (-55.1%), from €183,679 to €82,413
mainly Contributions, distributions and other (-€126,946) and Other debts (-€117,979)
- Tangible fixed assets -€15,249
down €15,249 (-14.4%), from €105,856 to €90,606
of which Furniture and vehicles: -€9,585
- Other debts -€117,979
down €117,979 (-98.4%), from €119,925 to €1,946
- Gross operating margin +€12,172
up €12,172 (+6.9%), from €176,829 to €189,001
- Depreciation +€3,012
up €3,012 (+22.8%), from €13,192 to €16,204
- Taxes +€2,112
up €2,112 (+5.0%), from €42,524 to €44,636
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 | €317,660 | €199,135 | -€118,525 | -37.3% |
| Fixed assets | 21/28 | €105,856 | €90,606 | -€15,249 | -14.4% |
| Tangible fixed assets | 22/27 | €105,856 | €90,606 | -€15,249 | -14.4% |
| Plant, machinery and equipment | 23 | €6,089 | €5,454 | -€636 | -10.4% |
| Furniture and vehicles | 24 | €82,303 | €72,717 | -€9,585 | -11.6% |
| Other tangible fixed assets | 26 | €17,464 | €12,436 | -€5,028 | -28.8% |
| Current assets | 29/58 | €211,804 | €108,528 | -€103,276 | -48.8% |
| Amounts receivable within one year | 40/41 | €27,425 | €25,318 | -€2,107 | -7.7% |
| Trade receivables | 40 | €24,632 | €20,479 | -€4,154 | -16.9% |
| Other amounts receivable | 41 | €2,793 | €4,839 | +€2,047 | +73.3% |
| Cash at bank and in hand | 54/58 | €183,679 | €82,413 | -€101,266 | -55.1% |
| Deferred charges and accrued income | 490/1 | €700 | €798 | +€98 | +13.9% |
| Total equity and liabilities | 10/49 | €317,660 | €199,135 | -€118,525 | -37.3% |
| Equity | 10/15 | €180,744 | €180,744 | = | 0.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €179,744 | €179,744 | = | 0.0% |
| Distributable reserves | 133 | €179,744 | €179,744 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €136,917 | €18,391 | -€118,525 | -86.6% |
| Amounts payable within one year | 42/48 | €136,917 | €18,391 | -€118,525 | -86.6% |
| Trade debts | 44 | €1,371 | €2,470 | +€1,099 | +80.1% |
| Suppliers | 440/4 | €1,371 | €2,470 | +€1,099 | +80.1% |
| Taxes, remuneration and social security | 45 | €15,621 | €13,976 | -€1,645 | -10.5% |
| Taxes | 450/3 | €12,972 | €12,608 | -€364 | -2.8% |
| Remuneration and social security | 454/9 | €2,649 | €1,368 | -€1,281 | -48.4% |
| Other amounts payable | 47/48 | €119,925 | €1,946 | -€117,979 | -98.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,192 | €16,204 | +€3,012 | +22.8% |
| Other operating charges | 640/8 | €1,129 | €1,154 | +€25 | +2.2% |
| Gross operating margin | 9900 | €176,829 | €189,001 | +€12,172 | +6.9% |
| Operating profit (loss) | 9901 | €162,508 | €171,643 | +€9,135 | +5.6% |
| Financial charges | 65/66B | €59 | €61 | +€2 | +3.0% |
| Recurring financial charges | 65 | €59 | €61 | +€2 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | €162,449 | €171,582 | +€9,133 | +5.6% |
| Income taxes | 67/77 | €42,524 | €44,636 | +€2,112 | +5.0% |
| Profit (loss) for the period | 9904 | €119,925 | €126,946 | +€7,021 | +5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €119,925 | €126,946 | +€7,021 | +5.9% |
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 18 October 2026 via checked.be.