JUDY: 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.
What changed
JUDY
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€24,912
2023 · €32,961-€8,049
Equity
€436,231
2023 · €431,318+€4,912
Cash
€88,814
2023 · €96,401-€7,587
Balance sheet total
€1.2m
2023 · €1.2m+€5,471
Largest movements
Assets
- Receivables within one year +€24,454
up €24,454 (+52.5%), from €46,554 to €71,008
of which Trade receivables: +€15,000
Equity and liabilities
- Debts after one year -€17,936
down €17,936 (-4.5%), from €399,950 to €382,014
Income statement
- Gross operating margin -€10,667
down €10,667 (-9.2%), from €115,757 to €105,090
- Depreciation +€3,695
up €3,695 (+10.5%), from €35,046 to €38,741
- Taxes -€2,919
down €2,919 (-21.7%), from €13,423 to €10,504
From the 2023 result to the 2024 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.
Result 2023
€32,961
Gross operating margin
-€10,667
Depreciation
-€3,695
Other operating charges
-€415
Other operating items
+€3,669
Financial income
+€295
Financial charges
-€155
Taxes
+€2,919
Result 2024
€24,912
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€58,214
Investment
-€28,285
Financing
-€37,516
Cash 2023
€96,401
From operations (derived)
+€58,214
Net result for the year
+€24,912
Depreciation
+€38,741
Receivables within one year
-€24,454
Deferred charges and accrued income
+€940
Provisions
+€6,600
Trade debts
+€4,768
Tax, wage and social debts
-€3,354
Other debts
+€10,480
Accrued charges and deferred income
-€420
Investment (derived)
-€28,285
Investment in fixed assets (net)
-€28,285
Financing
-€37,516
Debts after one year
-€17,936
Current portion of long-term debt
-€2,115
Short-term financial debts
+€2,534
Contributions, distributions and other
-€20,000
Cash 2024
€88,814
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,188,418 | €1,193,889 | +€5,471 | +0.5% |
| Fixed assets | 21/28 | €1,039,558 | €1,029,102 | -€10,456 | -1.0% |
| Tangible fixed assets | 22/27 | €1,039,558 | €1,029,102 | -€10,456 | -1.0% |
| Land and buildings | 22 | €1,022,390 | €1,013,254 | -€9,136 | -0.9% |
| Plant, machinery and equipment | 23 | €17,168 | €15,847 | -€1,321 | -7.7% |
| Current assets | 29/58 | €148,860 | €164,787 | +€15,927 | +10.7% |
| Amounts receivable within one year | 40/41 | €46,554 | €71,008 | +€24,454 | +52.5% |
| Trade receivables | 40 | - | €15,000 | +€15,000 | |
| Other amounts receivable | 41 | €46,554 | €56,008 | +€9,454 | +20.3% |
| Cash at bank and in hand | 54/58 | €96,401 | €88,814 | -€7,587 | -7.9% |
| Deferred charges and accrued income | 490/1 | €5,906 | €4,965 | -€940 | -15.9% |
| Total equity and liabilities | 10/49 | €1,188,418 | €1,193,889 | +€5,471 | +0.5% |
| Equity | 10/15 | €431,318 | €436,231 | +€4,912 | +1.1% |
| Contributions | 10/11 | €167,500 | €167,500 | = | 0.0% |
| Capital | 10 | €167,500 | €167,500 | = | 0.0% |
| Issued capital | 100 | €167,500 | €167,500 | = | 0.0% |
| Reserves | 13 | €26,390 | €26,390 | = | 0.0% |
| Non-distributable reserves | 130/1 | €16,750 | €16,750 | = | 0.0% |
| Legal reserve | 130 | €16,750 | €16,750 | = | 0.0% |
| Distributable reserves | 133 | €9,640 | €9,640 | = | 0.0% |
| Profit (loss) carried forward | 14 | €237,429 | €242,341 | +€4,912 | +2.1% |
| Provisions and deferred taxes | 16 | €66,000 | €72,600 | +€6,600 | +10.0% |
| Provisions for liabilities and charges | 160/5 | €66,000 | €72,600 | +€6,600 | +10.0% |
| Major repairs and maintenance | 162 | €66,000 | €72,600 | +€6,600 | +10.0% |
| Amounts payable | 17/49 | €691,100 | €685,058 | -€6,042 | -0.9% |
| Amounts payable after more than one year | 17 | €399,950 | €382,014 | -€17,936 | -4.5% |
| Financial debts | 170/4 | €399,950 | €382,014 | -€17,936 | -4.5% |
| Amounts payable within one year | 42/48 | €283,209 | €295,523 | +€12,314 | +4.3% |
| Current portion of amounts payable after more than one year | 42 | €45,050 | €42,936 | -€2,115 | -4.7% |
| Financial debts | 43 | €217,000 | €219,534 | +€2,534 | +1.2% |
| Credit institutions | 430/8 | €217,000 | €219,534 | +€2,534 | +1.2% |
| Trade debts | 44 | €2,783 | €7,551 | +€4,768 | +171.3% |
| Suppliers | 440/4 | €2,783 | €7,551 | +€4,768 | +171.3% |
| Taxes, remuneration and social security | 45 | €3,354 | €0 | -€3,354 | -100.0% |
| Taxes | 450/3 | €3,354 | €0 | -€3,354 | -100.0% |
| Other amounts payable | 47/48 | €15,022 | €25,502 | +€10,480 | +69.8% |
| Accrued charges and deferred income | 492/3 | €7,941 | €7,521 | -€420 | -5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,046 | €38,741 | +€3,695 | +10.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €6,600 | €6,600 | = | 0.0% |
| Other operating charges | 640/8 | €7,583 | €7,998 | +€415 | +5.5% |
| Non-recurring operating charges | 66A | €3,669 | €0 | -€3,669 | -100.0% |
| Gross operating margin | 9900 | €115,757 | €105,090 | -€10,667 | -9.2% |
| Operating profit (loss) | 9901 | €62,859 | €51,751 | -€11,108 | -17.7% |
| Financial income | 75/76B | €673 | €967 | +€295 | +43.8% |
| Recurring financial income | 75 | €673 | €967 | +€295 | +43.8% |
| Financial charges | 65/66B | €17,147 | €17,302 | +€155 | +0.9% |
| Recurring financial charges | 65 | €17,147 | €17,302 | +€155 | +0.9% |
| Profit (loss) for the period before taxes | 9903 | €46,384 | €35,416 | -€10,968 | -23.6% |
| Income taxes | 67/77 | €13,423 | €10,504 | -€2,919 | -21.7% |
| Profit (loss) for the period | 9904 | €32,961 | €24,912 | -€8,049 | -24.4% |
| Profit (loss) for the period to be appropriated | 9905 | €32,961 | €24,912 | -€8,049 | -24.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.