JUELHA: 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.
JUELHA
Largest movements
- Tangible fixed assets -€165,937
down €165,937 (-93.3%), from €177,760 to €11,823
of which Land and buildings: -€160,934
- Cash +€71,197
new in 2025: €71,197
mainly Investment in fixed assets (net) (+€160,909) and Tax, wage and social debts (+€19,934)
- Deferred charges and accrued income -€5,978
down €5,978 (-44.7%), from €13,384 to €7,407
- Debts after one year -€93,478
no longer reported in 2025 (was €93,478)
- Tax, wage and social debts +€19,934
up €19,934 (+307%), from €6,489 to €26,423
- Short-term financial debts -€15,319
no longer reported in 2025 (was €15,319)
- Provisions -€12,601
no longer reported in 2025 (was €12,601)
- Reserves +€10,014
up €10,014 (+9.5%), from €105,683 to €115,698
of which Distributable reserves: +€47,816
- Taxes +€23,088
up €23,088 (+1,159%), from €1,991 to €25,079
- Gross operating margin +€18,117
up €18,117 (+109%), from €16,620 to €34,737
- Depreciation -€1,967
down €1,967 (-28.2%), from €6,970 to €5,003
- Other operating charges -€1,328
down €1,328 (-30.3%), from €4,385 to €3,056
- Financial charges +€1,073
up €1,073 (+27.0%), from €3,981 to €5,054
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 | €269,651 | €168,247 | -€101,404 | -37.6% |
| Fixed assets | 21/28 | €238,285 | €72,373 | -€165,912 | -69.6% |
| Tangible fixed assets | 22/27 | €177,760 | €11,823 | -€165,937 | -93.3% |
| Land and buildings | 22 | €160,934 | - | -€160,934 | |
| Plant, machinery and equipment | 23 | €8,592 | €6,508 | -€2,085 | -24.3% |
| Furniture and vehicles | 24 | €6,900 | €4,600 | -€2,300 | -33.3% |
| Other tangible fixed assets | 26 | €1,333 | €715 | -€618 | -46.4% |
| Financial fixed assets | 28 | €60,525 | €60,550 | +€25 | 0.0% |
| Current assets | 29/58 | €31,366 | €95,874 | +€64,508 | +206% |
| Stocks and contracts in progress | 3 | €4,800 | €4,800 | = | 0.0% |
| Stocks | 30/36 | €4,800 | €4,800 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €13,131 | €12,420 | -€711 | -5.4% |
| Other amounts receivable | 41 | €13,131 | €12,420 | -€711 | -5.4% |
| Current investments | 50/53 | €51 | €51 | = | 0.0% |
| Cash at bank and in hand | 54/58 | - | €71,197 | +€71,197 | |
| Deferred charges and accrued income | 490/1 | €13,384 | €7,407 | -€5,978 | -44.7% |
| Total equity and liabilities | 10/49 | €269,651 | €168,247 | -€101,404 | -37.6% |
| Equity | 10/15 | €125,631 | €135,645 | +€10,014 | +8.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €105,683 | €115,698 | +€10,014 | +9.5% |
| Tax-exempt reserves | 132 | €37,802 | - | -€37,802 | |
| Distributable reserves | 133 | €67,882 | €115,698 | +€47,816 | +70.4% |
| Profit (loss) carried forward | 14 | €1,348 | €1,348 | = | 0.0% |
| Provisions and deferred taxes | 16 | €12,601 | - | -€12,601 | |
| Deferred taxes | 168 | €12,601 | - | -€12,601 | |
| Amounts payable | 17/49 | €131,420 | €32,601 | -€98,818 | -75.2% |
| Amounts payable after more than one year | 17 | €93,478 | - | -€93,478 | |
| Financial debts | 170/4 | €93,478 | - | -€93,478 | |
| Amounts payable within one year | 42/48 | €37,941 | €32,601 | -€5,340 | -14.1% |
| Current portion of amounts payable after more than one year | 42 | €8,446 | - | -€8,446 | |
| Financial debts | 43 | €15,319 | - | -€15,319 | |
| Credit institutions | 430/8 | €15,319 | - | -€15,319 | |
| Trade debts | 44 | €4,278 | €2,321 | -€1,958 | -45.8% |
| Suppliers | 440/4 | €4,278 | €2,321 | -€1,958 | -45.8% |
| Taxes, remuneration and social security | 45 | €6,489 | €26,423 | +€19,934 | +307% |
| Taxes | 450/3 | €6,489 | €26,423 | +€19,934 | +307% |
| Other amounts payable | 47/48 | €3,409 | €3,858 | +€449 | +13.2% |
| Non-recurring operating income | 76A | - | €34,066 | +€34,066 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,970 | €5,003 | -€1,967 | -28.2% |
| Other operating charges | 640/8 | €4,385 | €3,056 | -€1,328 | -30.3% |
| Gross operating margin | 9900 | €16,620 | €34,737 | +€18,117 | +109% |
| Operating profit (loss) | 9901 | €5,265 | €26,677 | +€21,412 | +407% |
| Financial income | 75/76B | €72 | €870 | +€798 | +1,102% |
| Recurring financial income | 75 | €72 | €870 | +€798 | +1,102% |
| Financial charges | 65/66B | €3,981 | €5,054 | +€1,073 | +27.0% |
| Recurring financial charges | 65 | €3,981 | €5,054 | +€1,073 | +27.0% |
| Profit (loss) for the period before taxes | 9903 | €1,356 | €22,493 | +€21,137 | +1,558% |
| Transfer from deferred taxes | 780 | €420 | €12,601 | +€12,181 | +2,900% |
| Income taxes | 67/77 | €1,991 | €25,079 | +€23,088 | +1,159% |
| Profit (loss) for the period | 9904 | -€215 | €10,014 | +€10,229 | |
| Transfer from tax-exempt reserves | 789 | €1,260 | €37,802 | +€36,542 | +2,900% |
| Profit (loss) for the period to be appropriated | 9905 | €1,045 | €47,816 | +€46,771 | +4,475% |
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 22 October 2026 via checked.be.