JUFRA: 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.
JUFRA
Largest movements
- Financial fixed assets -€2.4m
down €2.4m (-12.8%), from €18.4m to €16.0m
- Receivables after one year +€900,187
up €900,187 (+56.5%), from €1.6m to €2.5m
of which Other amounts receivable: +€1.0m
- Stocks and contracts +€471,385
up €471,385 (+42.9%), from €1.1m to €1.6m
- Receivables within one year +€420,493
up €420,493 (+13.3%), from €3.2m to €3.6m
of which Other amounts receivable: +€253,670
- Other debts -€2.8m
down €2.8m (-54.4%), from €5.2m to €2.4m
- Reserves +€2.3m
up €2.3m (+15.9%), from €14.6m to €16.9m
of which Distributable reserves: +€2.3m
- Financial income +€2.4m
up €2.4m (+492%), from €492,761 to €2.9m
- Other operating charges +€84,537
up €84,537 (+117%), from €72,218 to €156,754
- Gross operating margin -€44,076
down €44,076 (-47.1%), from -€93,621 to -€137,697
- Depreciation -€18,432
down €18,432 (-35.9%), from €51,347 to €32,915
- Financial charges -€3,480
down €3,480 (-1.3%), from €262,530 to €259,050
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 | €28,267,476 | €27,741,680 | -€525,797 | -1.9% |
| Fixed assets | 21/28 | €22,252,541 | €19,864,044 | -€2.4m | -10.7% |
| Tangible fixed assets | 22/27 | €3,892,965 | €3,860,050 | -€32,915 | -0.8% |
| Furniture and vehicles | 24 | €12,288 | €0 | -€12,288 | -100% |
| Other tangible fixed assets | 26 | €3,880,678 | €3,860,050 | -€20,627 | -0.5% |
| Financial fixed assets | 28 | €18,359,576 | €16,003,994 | -€2.4m | -12.8% |
| Current assets | 29/58 | €6,014,935 | €7,877,636 | +€1.9m | +31.0% |
| Amounts receivable after more than one year | 29 | €1,594,543 | €2,494,730 | +€900,187 | +56.5% |
| Trade receivables | 290 | €1,113,669 | €1,009,382 | -€104,287 | -9.4% |
| Other amounts receivable | 291 | €480,873 | €1,485,348 | +€1.0m | +209% |
| Stocks and contracts in progress | 3 | €1,099,805 | €1,571,190 | +€471,385 | +42.9% |
| Stocks | 30/36 | €1,099,805 | €1,571,190 | +€471,385 | +42.9% |
| Amounts receivable within one year | 40/41 | €3,153,708 | €3,574,201 | +€420,493 | +13.3% |
| Trade receivables | 40 | €84,691 | €251,514 | +€166,823 | +197% |
| Other amounts receivable | 41 | €3,069,017 | €3,322,687 | +€253,670 | +8.3% |
| Cash at bank and in hand | 54/58 | €163,612 | €19,276 | -€144,336 | -88.2% |
| Deferred charges and accrued income | 490/1 | €3,268 | €218,238 | +€214,971 | +6,579% |
| Total equity and liabilities | 10/49 | €28,267,476 | €27,741,680 | -€525,797 | -1.9% |
| Equity | 10/15 | €20,199,235 | €22,528,871 | +€2.3m | +11.5% |
| Contributions | 10/11 | €5,590,550 | €5,590,550 | = | 0.0% |
| Reserves | 13 | €14,608,685 | €16,938,321 | +€2.3m | +15.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Other | 1319 | €0 | - | = | |
| Distributable reserves | 133 | €14,608,685 | €16,938,321 | +€2.3m | +15.9% |
| Amounts payable | 17/49 | €8,068,241 | €5,212,809 | -€2.9m | -35.4% |
| Amounts payable after more than one year | 17 | €446,539 | €402,387 | -€44,153 | -9.9% |
| Financial debts | 170/4 | €446,539 | €402,387 | -€44,153 | -9.9% |
| Amounts payable within one year | 42/48 | €7,450,227 | €4,652,259 | -€2.8m | -37.6% |
| Current portion of amounts payable after more than one year | 42 | €50,000 | €50,000 | = | 0.0% |
| Financial debts | 43 | €2,222,500 | €2,222,500 | = | 0.0% |
| Credit institutions | 430/8 | €2,222,500 | €2,222,500 | = | 0.0% |
| Trade debts | 44 | €13,541 | €11,761 | -€1,780 | -13.1% |
| Suppliers | 440/4 | €13,541 | €11,761 | -€1,780 | -13.1% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €5,235 | €13,572 | +€8,337 | +159% |
| Taxes | 450/3 | €5,235 | €8,880 | +€3,644 | +69.6% |
| Remuneration and social security | 454/9 | €0 | €4,693 | +€4,693 | |
| Other amounts payable | 47/48 | €5,158,951 | €2,354,425 | -€2.8m | -54.4% |
| Accrued charges and deferred income | 492/3 | €171,474 | €158,163 | -€13,312 | -7.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,347 | €32,915 | -€18,432 | -35.9% |
| Other operating charges | 640/8 | €72,218 | €156,754 | +€84,537 | +117% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€93,621 | -€137,697 | -€44,076 | -47.1% |
| Operating profit (loss) | 9901 | -€217,186 | -€327,367 | -€110,181 | -50.7% |
| Financial income | 75/76B | €492,761 | €2,916,238 | +€2.4m | +492% |
| Recurring financial income | 75 | €492,761 | €2,916,238 | +€2.4m | +492% |
| Financial charges | 65/66B | €262,530 | €259,050 | -€3,480 | -1.3% |
| Recurring financial charges | 65 | €262,530 | €259,050 | -€3,480 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | €13,045 | €2,329,821 | +€2.3m | +17,759% |
| Income taxes | 67/77 | €205 | €185 | -€20 | -9.8% |
| Profit (loss) for the period | 9904 | €12,840 | €2,329,636 | +€2.3m | +18,043% |
| Profit (loss) for the period to be appropriated | 9905 | €12,840 | €2,329,636 | +€2.3m | +18,043% |
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 22 October 2026 via checked.be.