JUFARMA: 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.
JUFARMA
Largest movements
- Stocks and contracts +€28,899
up €28,899 (+49.2%), from €58,716 to €87,614
- Cash +€25,602
up €25,602 (+1545.2%), from €1,657 to €27,259
mainly Net result for the year (+€70,994) and Trade debts (+€23,581)
- Receivables within one year +€11,161
up €11,161 (+18.8%), from €59,443 to €70,603
- Intangible fixed assets -€7,500
down €7,500 (-31.3%), from €23,926 to €16,426
- Profit (loss) carried forward +€65,751
up €65,751, from -€65,751 to €0
- Other debts -€30,389
down €30,389 (-59.1%), from €51,434 to €21,045
- Trade debts +€23,581
up €23,581 (+48.0%), from €49,078 to €72,659
- Debts after one year -€11,311
down €11,311 (-66.0%), from €17,135 to €5,824
- Short-term financial debts +€10,000
up €10,000 (+66.7%), from €15,000 to €25,000
- Gross operating margin +€30,961
up €30,961 (+23.7%), from €130,812 to €161,772
- Staff costs +€13,043
up €13,043 (+36.4%), from €35,787 to €48,830
- Financial charges -€3,221
down €3,221 (-43.1%), from €7,481 to €4,260
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 | €162,439 | €223,918 | +€61,479 | +37.8% |
| Fixed assets | 21/28 | €41,065 | €36,384 | -€4,682 | -11.4% |
| Intangible fixed assets | 21 | €23,926 | €16,426 | -€7,500 | -31.3% |
| Tangible fixed assets | 22/27 | €14,139 | €16,123 | +€1,983 | +14.0% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €192 | €3,762 | +€3,569 | +1856.1% |
| Other tangible fixed assets | 26 | €13,947 | €12,361 | -€1,586 | -11.4% |
| Financial fixed assets | 28 | €3,000 | €3,835 | +€835 | +27.8% |
| Current assets | 29/58 | €121,373 | €187,535 | +€66,161 | +54.5% |
| Stocks and contracts in progress | 3 | €58,716 | €87,614 | +€28,899 | +49.2% |
| Stocks | 30/36 | €58,716 | €87,614 | +€28,899 | +49.2% |
| Amounts receivable within one year | 40/41 | €59,443 | €70,603 | +€11,161 | +18.8% |
| Trade receivables | 40 | €59,443 | €70,603 | +€11,161 | +18.8% |
| Cash at bank and in hand | 54/58 | €1,657 | €27,259 | +€25,602 | +1545.2% |
| Deferred charges and accrued income | 490/1 | €1,558 | €2,058 | +€500 | +32.1% |
| Total equity and liabilities | 10/49 | €162,439 | €223,918 | +€61,479 | +37.8% |
| Equity | 10/15 | -€36,527 | €34,467 | +€70,994 | |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €4,224 | €9,467 | +€5,243 | +124.1% |
| Tax-exempt reserves | 132 | €4,224 | €4,224 | = | 0.0% |
| Distributable reserves | 133 | - | €5,243 | +€5,243 | |
| Profit (loss) carried forward | 14 | -€65,751 | €0 | +€65,751 | |
| Provisions and deferred taxes | 16 | €38,106 | €38,106 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €38,106 | €38,106 | = | 0.0% |
| Pensions and similar obligations | 160 | €38,106 | €38,106 | = | 0.0% |
| Amounts payable | 17/49 | €160,860 | €151,346 | -€9,514 | -5.9% |
| Amounts payable after more than one year | 17 | €17,135 | €5,824 | -€11,311 | -66.0% |
| Financial debts | 170/4 | €17,135 | €5,824 | -€11,311 | -66.0% |
| Amounts payable within one year | 42/48 | €143,725 | €145,463 | +€1,737 | +1.2% |
| Current portion of amounts payable after more than one year | 42 | €11,763 | €12,234 | +€471 | +4.0% |
| Financial debts | 43 | €15,000 | €25,000 | +€10,000 | +66.7% |
| Credit institutions | 430/8 | €15,000 | €25,000 | +€10,000 | +66.7% |
| Trade debts | 44 | €49,078 | €72,659 | +€23,581 | +48.0% |
| Suppliers | 440/4 | €49,078 | €72,659 | +€23,581 | +48.0% |
| Taxes, remuneration and social security | 45 | €16,451 | €14,526 | -€1,925 | -11.7% |
| Taxes | 450/3 | €11,421 | €6,171 | -€5,250 | -46.0% |
| Remuneration and social security | 454/9 | €5,030 | €8,355 | +€3,325 | +66.1% |
| Other amounts payable | 47/48 | €51,434 | €21,045 | -€30,389 | -59.1% |
| Accrued charges and deferred income | 492/3 | €0 | €59 | +€59 | |
| Non-recurring operating income | 76A | €7,482 | €0 | -€7,482 | -100.0% |
| Remuneration, social security and pensions | 62 | €35,787 | €48,830 | +€13,043 | +36.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,696 | €10,528 | +€831 | +8.6% |
| Other operating charges | 640/8 | €1,920 | €836 | -€1,084 | -56.5% |
| Gross operating margin | 9900 | €130,812 | €161,772 | +€30,961 | +23.7% |
| Operating profit (loss) | 9901 | €83,408 | €101,579 | +€18,171 | +21.8% |
| Financial charges | 65/66B | €7,481 | €4,260 | -€3,221 | -43.1% |
| Recurring financial charges | 65 | €7,481 | €4,260 | -€3,221 | -43.1% |
| Profit (loss) for the period before taxes | 9903 | €75,927 | €97,319 | +€21,392 | +28.2% |
| Income taxes | 67/77 | €25,510 | €26,325 | +€815 | +3.2% |
| Profit (loss) for the period | 9904 | €50,417 | €70,994 | +€20,576 | +40.8% |
| Profit (loss) for the period to be appropriated | 9905 | €50,417 | €70,994 | +€20,576 | +40.8% |
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.